PELSMAEKERS: what changed
Two financial 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.
What changed
PELSMAEKERS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,227
2024 · €24,994-€50,221
Equity
€2.8m
2024 · €2.8m-€25,227
Cash
€2.5m
2024 · €2.5m+€22,264
Balance sheet total
€2.8m
2024 · €2.9m-€114,578
Largest movements
Assets
- Receivables within one year -€92,394
down €92,394 (-71.6%), from €129,046 to €36,651
of which Other amounts receivable: -€57,358
- Tangible fixed assets -€39,967
down €39,967 (-13.3%), from €301,397 to €261,430
of which Furniture and vehicles: -€22,442
Equity and liabilities
- Tax, wage and social debts -€66,250
down €66,250 (-82.1%), from €80,736 to €14,487
of which Taxes: -€73,150
Income statement
- Gross operating margin -€68,554
down €68,554 (-96.1%), from €71,311 to €2,757
- Taxes -€9,054
down €9,054 (-97.9%), from €9,249 to €194
- Financial income +€5,153
up €5,153 (+28.4%), from €18,135 to €23,288
- Other operating charges -€4,644
down €4,644 (-36.9%), from €12,593 to €7,949
From the 2024 result to the 2025 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.
Result 2024
€24,994
Gross operating margin
-€68,554
Staff costs
-€20
Depreciation
+€390
Other operating charges
+€4,644
Other operating items
-€805
Financial income
+€5,153
Financial charges
-€84
Taxes
+€9,054
Result 2025
-€25,227
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€23,319
Investment
-€1,055
Financing
€0
Cash 2024
€2.5m
From operations (derived)
+€23,319
Net result for the year
-€25,227
Depreciation
+€41,921
Stocks and contracts
+€3,960
Receivables within one year
+€92,394
Deferred charges and accrued income
-€379
Trade debts
-€22,838
Tax, wage and social debts
-€66,250
Other debts
-€263
Investment (derived)
-€1,055
Investment in fixed assets (net)
-€1,055
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,932,348 | €2,817,770 | -€114,578 | -3.9% |
| Fixed assets | 21/28 | €315,471 | €274,604 | -€40,867 | -13.0% |
| Intangible fixed assets | 21 | €12,599 | €11,699 | -€900 | -7.1% |
| Tangible fixed assets | 22/27 | €301,397 | €261,430 | -€39,967 | -13.3% |
| Land and buildings | 22 | €251,026 | €233,657 | -€17,369 | -6.9% |
| Plant, machinery and equipment | 23 | €2,969 | €2,812 | -€156 | -5.3% |
| Furniture and vehicles | 24 | €47,403 | €24,961 | -€22,442 | -47.3% |
| Financial fixed assets | 28 | €1,475 | €1,475 | = | 0.0% |
| Current assets | 29/58 | €2,616,878 | €2,543,167 | -€73,711 | -2.8% |
| Stocks and contracts in progress | 3 | €28,679 | €24,719 | -€3,960 | -13.8% |
| Stocks | 30/36 | €27,619 | €24,719 | -€2,900 | -10.5% |
| Contracts in progress | 37 | €1,060 | - | -€1,060 | |
| Amounts receivable within one year | 40/41 | €129,046 | €36,651 | -€92,394 | -71.6% |
| Trade receivables | 40 | €50,942 | €15,905 | -€35,037 | -68.8% |
| Other amounts receivable | 41 | €78,104 | €20,746 | -€57,358 | -73.4% |
| Cash at bank and in hand | 54/58 | €2,457,227 | €2,479,491 | +€22,264 | +0.9% |
| Deferred charges and accrued income | 490/1 | €1,926 | €2,305 | +€379 | +19.7% |
| Total equity and liabilities | 10/49 | €2,932,348 | €2,817,770 | -€114,578 | -3.9% |
| Equity | 10/15 | €2,788,800 | €2,763,574 | -€25,227 | -0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,274,487 | €1,274,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,268,290 | €1,268,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,452,340 | €1,427,113 | -€25,227 | -1.7% |
| Amounts payable | 17/49 | €143,548 | €54,197 | -€89,351 | -62.2% |
| Amounts payable within one year | 42/48 | €143,548 | €54,197 | -€89,351 | -62.2% |
| Trade debts | 44 | €26,701 | €3,863 | -€22,838 | -85.5% |
| Suppliers | 440/4 | €26,701 | €3,863 | -€22,838 | -85.5% |
| Taxes, remuneration and social security | 45 | €80,736 | €14,487 | -€66,250 | -82.1% |
| Taxes | 450/3 | €74,612 | €1,462 | -€73,150 | -98.0% |
| Remuneration and social security | 454/9 | €6,125 | €13,025 | +€6,900 | +113% |
| Other amounts payable | 47/48 | €36,110 | €35,847 | -€263 | -0.7% |
| Remuneration, social security and pensions | 62 | €150 | €170 | +€20 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,311 | €41,921 | -€390 | -0.9% |
| Other operating charges | 640/8 | €12,593 | €7,949 | -€4,644 | -36.9% |
| Non-recurring operating charges | 66A | - | €805 | +€805 | |
| Gross operating margin | 9900 | €71,311 | €2,757 | -€68,554 | -96.1% |
| Operating profit (loss) | 9901 | €16,256 | -€48,088 | -€64,344 | |
| Financial income | 75/76B | €18,135 | €23,288 | +€5,153 | +28.4% |
| Recurring financial income | 75 | €18,135 | €23,288 | +€5,153 | +28.4% |
| Financial charges | 65/66B | €148 | €232 | +€84 | +56.7% |
| Recurring financial charges | 65 | €148 | €232 | +€84 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €34,243 | -€25,032 | -€59,276 | |
| Income taxes | 67/77 | €9,249 | €194 | -€9,054 | -97.9% |
| Profit (loss) for the period | 9904 | €24,994 | -€25,227 | -€50,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,994 | -€25,227 | -€50,221 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.