PELZER par Benjamin: 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 par Benjamin
Largest movements
- Intangible fixed assets -€22,767
down €22,767 (-14.3%), from €159,370 to €136,603
- Receivables within one year +€22,305
up €22,305 (+70.2%), from €31,774 to €54,079
of which Other amounts receivable: +€20,869
- Cash +€8,232
up €8,232 (+13.2%), from €62,558 to €70,790
mainly Trade debts (+€61,117) and Depreciation (+€41,662)
- Trade debts +€61,117
up €61,117 (+452.1%), from €13,519 to €74,637
- Profit (loss) carried forward -€26,266
down €26,266 (-19.4%), from -€135,725 to -€161,990
- Debts after one year -€24,136
down €24,136 (-9.7%), from €247,617 to €223,481
- Short-term financial debts +€20,474
new in 2025: €20,474
- Accrued charges and deferred income -€16,760
down €16,760 (-86.3%), from €19,410 to €2,650
- Gross operating margin -€88,283
down €88,283 (-25.5%), from €345,721 to €257,438
- Staff costs +€19,158
up €19,158 (+9.1%), from €210,854 to €230,013
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.
Cash bridge derived
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 | €313,953 | €321,827 | +€7,873 | +2.5% |
| Fixed assets | 21/28 | €212,261 | €189,598 | -€22,663 | -10.7% |
| Intangible fixed assets | 21 | €159,370 | €136,603 | -€22,767 | -14.3% |
| Tangible fixed assets | 22/27 | €51,599 | €51,703 | +€104 | +0.2% |
| Land and buildings | 22 | €23,627 | €19,494 | -€4,133 | -17.5% |
| Plant, machinery and equipment | 23 | €27,972 | €32,209 | +€4,237 | +15.1% |
| Financial fixed assets | 28 | €1,292 | €1,292 | = | 0.0% |
| Current assets | 29/58 | €101,693 | €132,229 | +€30,536 | +30.0% |
| Stocks and contracts in progress | 3 | €7,360 | €7,360 | = | 0.0% |
| Stocks | 30/36 | €7,360 | €7,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,774 | €54,079 | +€22,305 | +70.2% |
| Trade receivables | 40 | €14,237 | €15,672 | +€1,435 | +10.1% |
| Other amounts receivable | 41 | €17,537 | €38,407 | +€20,869 | +119.0% |
| Cash at bank and in hand | 54/58 | €62,558 | €70,790 | +€8,232 | +13.2% |
| Total equity and liabilities | 10/49 | €313,953 | €321,827 | +€7,873 | +2.5% |
| Equity | 10/15 | -€28,207 | -€54,473 | -€26,266 | -93.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €45,544 | €45,544 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,578 | €3,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,578 | €3,578 | = | 0.0% |
| Distributable reserves | 133 | €41,966 | €41,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,725 | -€161,990 | -€26,266 | -19.4% |
| Amounts payable | 17/49 | €342,160 | €376,299 | +€34,139 | +10.0% |
| Amounts payable after more than one year | 17 | €247,617 | €223,481 | -€24,136 | -9.7% |
| Financial debts | 170/4 | €247,617 | €223,481 | -€24,136 | -9.7% |
| Amounts payable within one year | 42/48 | €75,133 | €150,168 | +€75,035 | +99.9% |
| Current portion of amounts payable after more than one year | 42 | €6,945 | €4,831 | -€2,114 | -30.4% |
| Financial debts | 43 | - | €20,474 | +€20,474 | |
| Credit institutions | 430/8 | - | €20,474 | +€20,474 | |
| Trade debts | 44 | €13,519 | €74,637 | +€61,117 | +452.1% |
| Suppliers | 440/4 | €13,519 | €74,637 | +€61,117 | +452.1% |
| Taxes, remuneration and social security | 45 | €17,514 | €22,025 | +€4,511 | +25.8% |
| Taxes | 450/3 | €7,448 | €16,033 | +€8,585 | +115.3% |
| Remuneration and social security | 454/9 | €10,066 | €5,992 | -€4,074 | -40.5% |
| Other amounts payable | 47/48 | €37,155 | €28,201 | -€8,954 | -24.1% |
| Accrued charges and deferred income | 492/3 | €19,410 | €2,650 | -€16,760 | -86.3% |
| Remuneration, social security and pensions | 62 | €210,854 | €230,013 | +€19,158 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,925 | €41,662 | +€1,737 | +4.4% |
| Other operating charges | 640/8 | €2,949 | €5,573 | +€2,623 | +89.0% |
| Non-recurring operating charges | 66A | €189 | - | -€189 | |
| Gross operating margin | 9900 | €345,721 | €257,438 | -€88,283 | -25.5% |
| Operating profit (loss) | 9901 | €91,803 | -€19,809 | -€111,613 | |
| Financial income | 75/76B | €83 | €10 | -€73 | -87.9% |
| Recurring financial income | 75 | €83 | €10 | -€73 | -87.9% |
| Financial charges | 65/66B | €8,718 | €6,508 | -€2,210 | -25.3% |
| Recurring financial charges | 65 | €8,718 | €6,508 | -€2,210 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €83,168 | -€26,307 | -€109,475 | |
| Income taxes | 67/77 | - | -€11 | -€11 | |
| Profit (loss) for the period | 9904 | €83,168 | -€26,296 | -€109,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,168 | -€26,296 | -€109,464 |
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 12 October 2026 via checked.be.