PELZER: 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.
What changed
PELZER
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€178,146
2023 · €234,927-€56,781
Equity
€1.4m
2023 · €1.2m+€161,876
Cash
€839,535
2023 · €1.0m-€196,116
Balance sheet total
€7.2m
2023 · €6.7m+€482,203
Largest movements
Assets
- Receivables within one year +€694,682
up €694,682 (+24.8%), from €2.8m to €3.5m
of which Trade receivables: +€497,876
- Stocks and contracts -€395,164
down €395,164 (-30.2%), from €1.3m to €914,399
of which Stocks: -€301,818
- Financial fixed assets +€276,620
up €276,620 (+45.2%), from €612,273 to €888,893
of which Affiliated companies: +€254,795
- Cash -€196,116
down €196,116 (-18.9%), from €1.0m to €839,535
mainly Receivables within one year (-€694,682) and Investment in fixed assets (net) (-€611,728)
- Tangible fixed assets +€80,161
up €80,161 (+8.6%), from €937,026 to €1.0m
of which Furniture and vehicles: +€126,450
Equity and liabilities
- Other debts +€674,227
up €674,227 (+213.2%), from €316,184 to €990,411
- Tax, wage and social debts -€315,340
down €315,340 (-30.4%), from €1.0m to €721,844
of which Taxes: -€297,283
- Profit (loss) carried forward +€201,255
up €201,255 (+15.2%), from -€1.3m to -€1.1m
- Trade debts +€157,382
up €157,382 (+7.1%), from €2.2m to €2.4m
- Debts after one year -€149,376
down €149,376 (-19.4%), from €769,126 to €619,750
of which Financial debts: -€149,376
Income statement
- Turnover +€1.1m
up €1.1m (+7.5%), from €15.1m to €16.2m
- Goods and materials +€666,533
up €666,533 (+9.7%), from €6.8m to €7.5m
of which Purchases: +€380,709
- Services and other goods +€297,829
up €297,829 (+15.8%), from €1.9m to €2.2m
- Staff costs +€165,784
up €165,784 (+3.0%), from €5.5m to €5.7m
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.
Result 2023
€234,927
Turnover
+€1.1m
Other operating income
+€23,993
Goods and materials
-€666,533
Services and other goods
-€297,829
Staff costs
-€165,784
Depreciation
-€58,391
Write-downs
-€15,327
Provisions
-€146,400
Other operating charges
-€5,299
Other operating items
+€82,466
Financial income
-€5,518
Financial charges
+€14,166
Taxes
+€54,693
Result 2024
€178,146
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.
From operations
+€701,538
Investment
-€611,728
Financing
-€285,926
Cash 2023
€1.0m
From operations (derived)
+€701,538
Net result for the year
+€178,146
Depreciation
+€254,947
Stocks and contracts
+€395,164
Receivables within one year
-€694,682
Deferred charges and accrued income
-€22,021
Provisions
+€134,511
Trade debts
+€157,382
Tax, wage and social debts
-€315,340
Other debts
+€674,227
Accrued charges and deferred income
-€60,797
Investment (derived)
-€611,728
Investment in fixed assets (net)
-€611,728
Financing
-€285,926
Debts after one year
-€149,376
Current portion of long-term debt
-€14,753
Short-term financial debts
-€105,526
Contributions, distributions and other
-€16,270
Cash 2024
€839,535
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,726,570 | €7,208,774 | +€482,203 | +7.2% |
| Fixed assets | 21/28 | €1,549,299 | €1,906,080 | +€356,781 | +23.0% |
| Tangible fixed assets | 22/27 | €937,026 | €1,017,187 | +€80,161 | +8.6% |
| Land and buildings | 22 | €8,237 | €1,711 | -€6,527 | -79.2% |
| Plant, machinery and equipment | 23 | €30,369 | €46,303 | +€15,935 | +52.5% |
| Furniture and vehicles | 24 | €384,940 | €511,390 | +€126,450 | +32.8% |
| Leasing and similar rights | 25 | €513,481 | €457,784 | -€55,697 | -10.8% |
| Financial fixed assets | 28 | €612,273 | €888,893 | +€276,620 | +45.2% |
| Affiliated companies | 280/1 | €612,273 | €867,068 | +€254,795 | +41.6% |
| Participating interests | 280 | €612,273 | €736,323 | +€124,050 | +20.3% |
| Amounts receivable | 281 | - | €130,745 | +€130,745 | |
| Other financial fixed assets | 284/8 | - | €21,825 | +€21,825 | |
| Amounts receivable and cash guarantees | 285/8 | - | €21,825 | +€21,825 | |
| Current assets | 29/58 | €5,177,271 | €5,302,693 | +€125,423 | +2.4% |
| Stocks and contracts in progress | 3 | €1,309,563 | €914,399 | -€395,164 | -30.2% |
| Stocks | 30/36 | €617,351 | €315,533 | -€301,818 | -48.9% |
| Goods purchased for resale | 34 | €617,351 | €315,533 | -€301,818 | -48.9% |
| Contracts in progress | 37 | €692,213 | €598,866 | -€93,347 | -13.5% |
| Amounts receivable within one year | 40/41 | €2,801,228 | €3,495,910 | +€694,682 | +24.8% |
| Trade receivables | 40 | €2,487,682 | €2,985,558 | +€497,876 | +20.0% |
| Other amounts receivable | 41 | €313,546 | €510,352 | +€196,806 | +62.8% |
| Cash at bank and in hand | 54/58 | €1,035,651 | €839,535 | -€196,116 | -18.9% |
| Deferred charges and accrued income | 490/1 | €30,829 | €52,850 | +€22,021 | +71.4% |
| Total equity and liabilities | 10/49 | €6,726,570 | €7,208,774 | +€482,203 | +7.2% |
| Equity | 10/15 | €1,246,716 | €1,408,592 | +€161,876 | +13.0% |
| Contributions | 10/11 | €1,962,000 | €1,962,000 | = | 0.0% |
| Capital | 10 | €1,962,000 | €1,962,000 | = | 0.0% |
| Issued capital | 100 | €1,962,000 | €1,962,000 | = | 0.0% |
| Reserves | 13 | €512,623 | €489,515 | -€23,109 | -4.5% |
| Non-distributable reserves | 130/1 | €14,244 | €14,244 | = | 0.0% |
| Legal reserve | 130 | €14,244 | €14,244 | = | 0.0% |
| Tax-exempt reserves | 132 | €363,305 | €340,196 | -€23,109 | -6.4% |
| Distributable reserves | 133 | €135,074 | €135,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,326,410 | -€1,125,155 | +€201,255 | +15.2% |
| Investment grants | 15 | €98,502 | €82,232 | -€16,270 | -16.5% |
| Provisions and deferred taxes | 16 | €109,730 | €244,241 | +€134,511 | +122.6% |
| Provisions for liabilities and charges | 160/5 | - | €146,400 | +€146,400 | |
| Environmental obligations | 163 | - | €108,000 | +€108,000 | |
| Other liabilities and charges | 164/5 | - | €38,400 | +€38,400 | |
| Deferred taxes | 168 | €109,730 | €97,841 | -€11,889 | -10.8% |
| Amounts payable | 17/49 | €5,370,125 | €5,555,941 | +€185,817 | +3.5% |
| Amounts payable after more than one year | 17 | €769,126 | €619,750 | -€149,376 | -19.4% |
| Financial debts | 170/4 | €769,126 | €619,750 | -€149,376 | -19.4% |
| Leasing and similar obligations | 172 | €494,303 | €432,744 | -€61,559 | -12.5% |
| Other loans | 174 | €274,822 | €187,006 | -€87,817 | -32.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,840,947 | €4,236,936 | +€395,989 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €164,129 | €149,376 | -€14,753 | -9.0% |
| Financial debts | 43 | €105,526 | €0 | -€105,526 | -100.0% |
| Credit institutions | 430/8 | €105,526 | €0 | -€105,526 | -100.0% |
| Trade debts | 44 | €2,217,923 | €2,375,305 | +€157,382 | +7.1% |
| Suppliers | 440/4 | €2,217,923 | €2,375,305 | +€157,382 | +7.1% |
| Taxes, remuneration and social security | 45 | €1,037,184 | €721,844 | -€315,340 | -30.4% |
| Taxes | 450/3 | €384,135 | €86,852 | -€297,283 | -77.4% |
| Remuneration and social security | 454/9 | €653,050 | €634,992 | -€18,057 | -2.8% |
| Other amounts payable | 47/48 | €316,184 | €990,411 | +€674,227 | +213.2% |
| Accrued charges and deferred income | 492/3 | €760,052 | €699,255 | -€60,797 | -8.0% |
| Operating income | 70/76A | €15,056,592 | €16,176,383 | +€1.1m | +7.4% |
| Turnover | 70 | €15,066,995 | €16,195,977 | +€1.1m | +7.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€68,073 | -€93,347 | -€25,274 | -37.1% |
| Other operating income | 74 | €27,818 | €51,811 | +€23,993 | +86.3% |
| Non-recurring operating income | 76A | €29,853 | €21,942 | -€7,911 | -26.5% |
| Operating charges | 60/66A | €14,629,038 | €15,868,951 | +€1.2m | +8.5% |
| Goods for resale, raw materials and consumables | 60 | €6,842,592 | €7,509,125 | +€666,533 | +9.7% |
| Purchases | 600/8 | €6,826,598 | €7,207,308 | +€380,709 | +5.6% |
| Change in stocks: decrease (increase) | 609 | €15,994 | €301,818 | +€285,824 | +1787.1% |
| Services and other goods | 61 | €1,885,474 | €2,183,302 | +€297,829 | +15.8% |
| Remuneration, social security and pensions | 62 | €5,525,346 | €5,691,130 | +€165,784 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,557 | €254,947 | +€58,391 | +29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,327 | €0 | +€15,327 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €146,400 | +€146,400 | |
| Other operating charges | 640/8 | €31,841 | €37,140 | +€5,299 | +16.6% |
| Non-recurring operating charges | 66A | €162,555 | €46,905 | -€115,650 | -71.1% |
| Operating profit (loss) | 9901 | €427,554 | €307,431 | -€120,122 | -28.1% |
| Financial income | 75/76B | €34,738 | €29,220 | -€5,518 | -15.9% |
| Recurring financial income | 75 | €34,738 | €29,220 | -€5,518 | -15.9% |
| Income from financial fixed assets | 750 | €438 | €86 | -€352 | -80.4% |
| Income from current assets | 751 | €15,417 | €11,206 | -€4,211 | -27.3% |
| Other financial income | 752/9 | €18,883 | €17,929 | -€955 | -5.1% |
| Financial charges | 65/66B | €90,541 | €76,375 | -€14,166 | -15.6% |
| Recurring financial charges | 65 | €90,541 | €76,375 | -€14,166 | -15.6% |
| Debt charges | 650 | €62,157 | €56,934 | -€5,223 | -8.4% |
| Other financial charges | 652/9 | €28,384 | €19,441 | -€8,943 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €371,751 | €260,277 | -€111,475 | -30.0% |
| Transfer from deferred taxes | 780 | €11,889 | €11,889 | = | 0.0% |
| Income taxes | 67/77 | €148,713 | €94,020 | -€54,693 | -36.8% |
| Taxes | 670/3 | €148,713 | €103,245 | -€45,468 | -30.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €9,225 | +€9,225 | |
| Profit (loss) for the period | 9904 | €234,927 | €178,146 | -€56,781 | -24.2% |
| Transfer from tax-exempt reserves | 789 | €23,109 | €23,109 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €258,036 | €201,255 | -€56,781 | -22.0% |
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 2 October 2026 via checked.be.