PELSMAEKERS: what changed
PELSMAEKERS
Largest movements
- Tangible fixed assets -€1,347
down €1,347 (-63.0%), from €2,139 to €792
- Receivables within one year +€1,218
up €1,218 (+29.2%), from €4,175 to €5,393
of which Other amounts receivable: +€1,218
- Cash +€776
up €776 (+957%), from €81 to €857
mainly Other debts (+€8,122) and Depreciation (+€1,347)
- Financial fixed assets -€713
no longer reported in 2025 (was €713)
- Profit (loss) carried forward -€8,422
down €8,422 (-31.0%), from -€27,136 to -€35,558
- Other debts +€8,122
up €8,122 (+61.4%), from €13,221 to €21,343
- Trade debts +€235
up €235 (+41.8%), from €563 to €798
- Gross operating margin +€1,069
up €1,069 (+14.9%), from -€7,164 to -€6,095
- Other operating charges -€161
down €161 (-18.4%), from €874 to €713
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,108 | €7,043 | -€65 | -0.9% |
| Fixed assets | 21/28 | €2,852 | €792 | -€2,060 | -72.2% |
| Tangible fixed assets | 22/27 | €2,139 | €792 | -€1,347 | -63.0% |
| Furniture and vehicles | 24 | €2,139 | €792 | -€1,347 | -63.0% |
| Financial fixed assets | 28 | €713 | - | -€713 | |
| Current assets | 29/58 | €4,256 | €6,251 | +€1,995 | +46.9% |
| Amounts receivable within one year | 40/41 | €4,175 | €5,393 | +€1,218 | +29.2% |
| Trade receivables | 40 | €3,256 | €3,256 | = | 0.0% |
| Other amounts receivable | 41 | €919 | €2,137 | +€1,218 | +133% |
| Cash at bank and in hand | 54/58 | €81 | €857 | +€776 | +957% |
| Total equity and liabilities | 10/49 | €7,108 | €7,043 | -€65 | -0.9% |
| Equity | 10/15 | -€6,676 | -€15,098 | -€8,422 | -126% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,136 | -€35,558 | -€8,422 | -31.0% |
| Amounts payable | 17/49 | €13,784 | €22,141 | +€8,357 | +60.6% |
| Amounts payable within one year | 42/48 | €13,784 | €22,141 | +€8,357 | +60.6% |
| Trade debts | 44 | €563 | €798 | +€235 | +41.8% |
| Suppliers | 440/4 | €563 | €798 | +€235 | +41.8% |
| Other amounts payable | 47/48 | €13,221 | €21,343 | +€8,122 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €1,347 | = | 0.0% |
| Other operating charges | 640/8 | €874 | €713 | -€161 | -18.4% |
| Gross operating margin | 9900 | -€7,164 | -€6,095 | +€1,069 | +14.9% |
| Operating profit (loss) | 9901 | -€9,385 | -€8,155 | +€1,230 | +13.1% |
| Financial charges | 65/66B | €233 | €267 | +€34 | +14.5% |
| Recurring financial charges | 65 | €233 | €267 | +€34 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,618 | -€8,422 | +€1,196 | +12.4% |
| Profit (loss) for the period | 9904 | -€9,618 | -€8,422 | +€1,196 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,618 | -€8,422 | +€1,196 | +12.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.