PELZER F.: 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.
PELZER F.
Largest movements
- Receivables within one year +€16,814
up €16,814 (+24.7%), from €67,974 to €84,788
of which Other amounts receivable: +€11,632
- Cash +€8,993
up €8,993 (+18.7%), from €48,102 to €57,095
mainly Net result for the year (+€20,599) and Tax, wage and social debts (+€2,457)
- Tangible fixed assets -€2,296
down €2,296 (-41.8%), from €5,490 to €3,194
- Reserves +€20,377
up €20,377 (+100%), from €20,312 to €40,689
of which Distributable reserves: +€20,377
- Tax, wage and social debts +€2,457
up €2,457 (+47.5%), from €5,176 to €7,633
of which Taxes: +€2,457
- Gross operating margin +€4,616
up €4,616 (+17.0%), from €27,105 to €31,721
- Taxes +€1,794
up €1,794 (+28.2%), from €6,369 to €8,163
- Depreciation -€679
down €679 (-22.8%), from €2,974 to €2,296
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 | €122,755 | €145,276 | +€22,521 | +18.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,540 | €3,244 | -€2,296 | -41.4% |
| Tangible fixed assets | 22/27 | €5,490 | €3,194 | -€2,296 | -41.8% |
| Plant, machinery and equipment | 23 | €2,461 | €1,685 | -€775 | -31.5% |
| Furniture and vehicles | 24 | €1,919 | €924 | -€995 | -51.9% |
| Other tangible fixed assets | 26 | €1,111 | €585 | -€525 | -47.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €117,215 | €142,032 | +€24,816 | +21.2% |
| Amounts receivable within one year | 40/41 | €67,974 | €84,788 | +€16,814 | +24.7% |
| Trade receivables | 40 | €7,649 | €12,831 | +€5,182 | +67.7% |
| Other amounts receivable | 41 | €60,325 | €71,957 | +€11,632 | +19.3% |
| Cash at bank and in hand | 54/58 | €48,102 | €57,095 | +€8,993 | +18.7% |
| Deferred charges and accrued income | 490/1 | €1,140 | €149 | -€991 | -86.9% |
| Total equity and liabilities | 10/49 | €122,755 | €145,276 | +€22,521 | +18.3% |
| Equity | 10/15 | €102,934 | €123,533 | +€20,599 | +20.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €20,312 | €40,689 | +€20,377 | +100% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €16,812 | €37,189 | +€20,377 | +121% |
| Profit (loss) carried forward | 14 | €47,622 | €47,844 | +€222 | +0.5% |
| Amounts payable | 17/49 | €19,821 | €21,743 | +€1,921 | +9.7% |
| Amounts payable within one year | 42/48 | €19,821 | €21,743 | +€1,921 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €2,175 | €2,175 | = | 0.0% |
| Trade debts | 44 | €928 | €708 | -€220 | -23.7% |
| Suppliers | 440/4 | €928 | €708 | -€220 | -23.7% |
| Taxes, remuneration and social security | 45 | €5,176 | €7,633 | +€2,457 | +47.5% |
| Taxes | 450/3 | €5,176 | €7,633 | +€2,457 | +47.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,542 | €11,226 | -€316 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €2,296 | -€679 | -22.8% |
| Other operating charges | 640/8 | €757 | €536 | -€221 | -29.2% |
| Gross operating margin | 9900 | €27,105 | €31,721 | +€4,616 | +17.0% |
| Operating profit (loss) | 9901 | €23,374 | €28,889 | +€5,515 | +23.6% |
| Financial income | 75/76B | €1 | €3 | +€3 | +271% |
| Recurring financial income | 75 | €1 | €3 | +€3 | +271% |
| Financial charges | 65/66B | €194 | €130 | -€64 | -33.0% |
| Recurring financial charges | 65 | €194 | €130 | -€64 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €23,181 | €28,763 | +€5,582 | +24.1% |
| Income taxes | 67/77 | €6,369 | €8,163 | +€1,794 | +28.2% |
| Profit (loss) for the period | 9904 | €16,812 | €20,599 | +€3,787 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,812 | €20,599 | +€3,787 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.