PELMEL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PELMEL
Largest movements
- Receivables within one year -€287,110
down €287,110 (-70.9%), from €405,177 to €118,067
of which Other amounts receivable: -€274,239
- Tangible fixed assets -€45,700
down €45,700 (-15.0%), from €304,911 to €259,211
of which Other tangible fixed assets: -€33,210
- Cash +€40,160
up €40,160 (+34.0%), from €118,205 to €158,365
mainly Net result for the year (+€361,349) and Receivables within one year (+€287,110)
- Deferred charges and accrued income -€13,403
down €13,403 (-70.0%), from €19,155 to €5,752
- Other debts -€501,191
down €501,191 (-87.7%), from €571,734 to €70,543
- Profit (loss) carried forward +€361,349
new in 2024: €361,349
- Tax, wage and social debts -€112,683
down €112,683 (-34.8%), from €323,537 to €210,854
of which Taxes: -€133,523
- Trade debts -€32,685
down €32,685 (-28.8%), from €113,656 to €80,971
- Gross operating margin -€159,690
down €159,690 (-11.2%), from €1.4m to €1.3m
- Staff costs +€107,679
up €107,679 (+17.9%), from €601,898 to €709,576
- Taxes -€68,267
down €68,267 (-35.6%), from €192,020 to €123,753
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,478 | €767,433 | -€299,045 | -28.0% |
| Fixed assets | 21/28 | €305,991 | €260,291 | -€45,700 | -14.9% |
| Tangible fixed assets | 22/27 | €304,911 | €259,211 | -€45,700 | -15.0% |
| Plant, machinery and equipment | 23 | €632 | €546 | -€86 | -13.5% |
| Furniture and vehicles | 24 | €50,837 | €38,432 | -€12,405 | -24.4% |
| Other tangible fixed assets | 26 | €253,443 | €220,233 | -€33,210 | -13.1% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €760,487 | €507,142 | -€253,345 | -33.3% |
| Stocks and contracts in progress | 3 | €217,950 | €224,958 | +€7,008 | +3.2% |
| Stocks | 30/36 | €217,950 | €224,958 | +€7,008 | +3.2% |
| Amounts receivable within one year | 40/41 | €405,177 | €118,067 | -€287,110 | -70.9% |
| Trade receivables | 40 | €27,953 | €15,082 | -€12,870 | -46.0% |
| Other amounts receivable | 41 | €377,224 | €102,985 | -€274,239 | -72.7% |
| Cash at bank and in hand | 54/58 | €118,205 | €158,365 | +€40,160 | +34.0% |
| Deferred charges and accrued income | 490/1 | €19,155 | €5,752 | -€13,403 | -70.0% |
| Total equity and liabilities | 10/49 | €1,066,478 | €767,433 | -€299,045 | -28.0% |
| Equity | 10/15 | €18,550 | €379,899 | +€361,349 | +1948.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | - | €361,349 | +€361,349 | |
| Amounts payable | 17/49 | €1,047,928 | €387,534 | -€660,394 | -63.0% |
| Amounts payable after more than one year | 17 | €2,560 | - | -€2,560 | |
| Financial debts | 170/4 | €2,560 | - | -€2,560 | |
| Amounts payable within one year | 42/48 | €1,042,028 | €385,317 | -€656,711 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €33,101 | €22,949 | -€10,152 | -30.7% |
| Trade debts | 44 | €113,656 | €80,971 | -€32,685 | -28.8% |
| Suppliers | 440/4 | €113,656 | €80,971 | -€32,685 | -28.8% |
| Taxes, remuneration and social security | 45 | €323,537 | €210,854 | -€112,683 | -34.8% |
| Taxes | 450/3 | €207,433 | €73,911 | -€133,523 | -64.4% |
| Remuneration and social security | 454/9 | €116,104 | €136,943 | +€20,839 | +17.9% |
| Other amounts payable | 47/48 | €571,734 | €70,543 | -€501,191 | -87.7% |
| Accrued charges and deferred income | 492/3 | €3,340 | €2,217 | -€1,122 | -33.6% |
| Remuneration, social security and pensions | 62 | €601,898 | €709,576 | +€107,679 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,853 | €63,313 | +€1,459 | +2.4% |
| Other operating charges | 640/8 | €529 | €2,574 | +€2,046 | +387.1% |
| Gross operating margin | 9900 | €1,426,167 | €1,266,477 | -€159,690 | -11.2% |
| Operating profit (loss) | 9901 | €761,888 | €491,014 | -€270,874 | -35.6% |
| Financial income | 75/76B | €5,535 | €1,418 | -€4,118 | -74.4% |
| Recurring financial income | 75 | €5,535 | €1,418 | -€4,118 | -74.4% |
| Financial charges | 65/66B | €5,524 | €7,330 | +€1,806 | +32.7% |
| Recurring financial charges | 65 | €5,524 | €7,330 | +€1,806 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €761,900 | €485,102 | -€276,797 | -36.3% |
| Income taxes | 67/77 | €192,020 | €123,753 | -€68,267 | -35.6% |
| Profit (loss) for the period | 9904 | €569,879 | €361,349 | -€208,530 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €569,879 | €361,349 | -€208,530 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.