PELSSER M.: 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.
PELSSER M.
Largest movements
- Deferred charges and accrued income +€2,257
up €2,257 (+135%), from €1,678 to €3,935
- Cash +€2,010
up €2,010 (+146%), from €1,374 to €3,383
mainly Net result for the year (+€14,065) and Depreciation (+€4,985)
- Receivables within one year +€960
up €960 (+46.9%), from €2,048 to €3,007
of which Trade receivables: +€968
- Tangible fixed assets -€877
down €877 (-12.6%), from €6,952 to €6,075
of which Land and buildings: -€877
- Stocks and contracts -€330
down €330 (-14.2%), from €2,330 to €2,000
- Profit (loss) carried forward +€14,065
up €14,065 (+9.9%), from -€141,406 to -€127,341
- Current portion of long-term debt -€8,482
down €8,482 (-100%), from €8,482 to €0
- Trade debts -€3,336
down €3,336 (-70.9%), from €4,707 to €1,371
- Other debts +€2,153
up €2,153 (+1.6%), from €134,783 to €136,936
- Advances received -€254
down €254 (-100%), from €254 to €0
- Gross operating margin +€3,155
up €3,155 (+15.2%), from €20,737 to €23,892
- Depreciation -€1,718
down €1,718 (-25.6%), from €6,703 to €4,985
- Financial charges -€1,227
down €1,227 (-76.2%), from €1,609 to €382
- Other operating charges -€950
down €950 (-20.1%), from €4,718 to €3,768
- Staff costs -€507
down €507 (-41.1%), from €1,232 to €725
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,381 | €18,400 | +€4,020 | +28.0% |
| Fixed assets | 21/28 | €6,952 | €6,075 | -€877 | -12.6% |
| Tangible fixed assets | 22/27 | €6,952 | €6,075 | -€877 | -12.6% |
| Land and buildings | 22 | €6,952 | €6,075 | -€877 | -12.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €7,429 | €12,325 | +€4,896 | +65.9% |
| Stocks and contracts in progress | 3 | €2,330 | €2,000 | -€330 | -14.2% |
| Stocks | 30/36 | €2,330 | €2,000 | -€330 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,048 | €3,007 | +€960 | +46.9% |
| Trade receivables | 40 | €1,842 | €2,810 | +€968 | +52.6% |
| Other amounts receivable | 41 | €206 | €197 | -€9 | -4.3% |
| Cash at bank and in hand | 54/58 | €1,374 | €3,383 | +€2,010 | +146% |
| Deferred charges and accrued income | 490/1 | €1,678 | €3,935 | +€2,257 | +135% |
| Total equity and liabilities | 10/49 | €14,381 | €18,400 | +€4,020 | +28.0% |
| Equity | 10/15 | -€135,006 | -€120,941 | +€14,065 | +10.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,400 | +€6,400 | |
| Other | 1109/19 | - | €6,400 | +€6,400 | |
| Profit (loss) carried forward | 14 | -€141,406 | -€127,341 | +€14,065 | +9.9% |
| Amounts payable | 17/49 | €149,387 | €139,342 | -€10,045 | -6.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €149,387 | €139,342 | -€10,045 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,482 | €0 | -€8,482 | -100% |
| Trade debts | 44 | €4,707 | €1,371 | -€3,336 | -70.9% |
| Suppliers | 440/4 | €4,707 | €1,371 | -€3,336 | -70.9% |
| Advances received on contracts in progress | 46 | €254 | €0 | -€254 | -100% |
| Taxes, remuneration and social security | 45 | €1,161 | €1,035 | -€126 | -10.9% |
| Taxes | 450/3 | €1,118 | €1,035 | -€84 | -7.5% |
| Remuneration and social security | 454/9 | €43 | €0 | -€43 | -100% |
| Other amounts payable | 47/48 | €134,783 | €136,936 | +€2,153 | +1.6% |
| Non-recurring operating income | 76A | - | €1,843 | +€1,843 | |
| Remuneration, social security and pensions | 62 | €1,232 | €725 | -€507 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,703 | €4,985 | -€1,718 | -25.6% |
| Other operating charges | 640/8 | €4,718 | €3,768 | -€950 | -20.1% |
| Gross operating margin | 9900 | €20,737 | €23,892 | +€3,155 | +15.2% |
| Operating profit (loss) | 9901 | €8,084 | €14,414 | +€6,331 | +78.3% |
| Financial income | 75/76B | €59 | €33 | -€26 | -44.2% |
| Recurring financial income | 75 | €59 | €33 | -€26 | -44.2% |
| Financial charges | 65/66B | €1,609 | €382 | -€1,227 | -76.2% |
| Recurring financial charges | 65 | €1,609 | €382 | -€1,227 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €6,533 | €14,065 | +€7,532 | +115% |
| Profit (loss) for the period | 9904 | €6,533 | €14,065 | +€7,532 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €6,533 | €14,065 | +€7,532 | +115% |
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 17 October 2026 via checked.be.