PEMAFLOR: 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
PEMAFLOR
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€72,893
2024 · €36,758-€109,651
Equity
€1.5m
2024 · €1.6m-€122,893
Cash
€3,165
2024 · €8,298-€5,133
Balance sheet total
€2.0m
2024 · €2.0m+€20,193
Largest movements
Assets
- Receivables within one year +€31,992
up €31,992 (+195.0%), from €16,407 to €48,400
of which Trade receivables: +€22,158
Equity and liabilities
- Short-term financial debts +€160,000
up €160,000, from €0 to €160,000
- Profit (loss) carried forward -€122,893
down €122,893 (-11.9%), from €1.0m to €908,132
- Other debts -€32,519
down €32,519 (-9.6%), from €339,901 to €307,382
Income statement
- Taxes +€64,792
new in 2025: €64,792
- Gross operating margin +€33,195
up €33,195 (+21833.1%), from €152 to €33,347
- Financial charges +€3,189
up €3,189 (+18.0%), from €17,695 to €20,884
- Other operating charges +€386
up €386 (+2.9%), from €13,511 to €13,897
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.
Result 2024
€36,758
Gross operating margin
+€33,195
Staff costs
-€148
Other operating charges
-€386
Financial charges
-€3,189
Taxes
-€64,792
Deferred taxes and other
-€74,331
Result 2025
-€72,893
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.
From operations
-€117,933
Investment
€0
Financing
+€112,800
Cash 2024
€8,298
From operations (derived)
-€117,933
Net result for the year
-€72,893
Depreciation
+€6,667
Receivables within one year
-€31,992
Trade debts
+€8,663
Tax, wage and social debts
+€4,791
Other debts
-€32,519
Accrued charges and deferred income
-€649
Financing
+€112,800
Debts after one year
+€2,800
Short-term financial debts
+€160,000
Contributions, distributions and other
-€50,000
Cash 2025
€3,165
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,953,153 | €1,973,345 | +€20,193 | +1.0% |
| Fixed assets | 21/28 | €1,928,448 | €1,921,781 | -€6,667 | -0.3% |
| Tangible fixed assets | 22/27 | €284,765 | €278,098 | -€6,667 | -2.3% |
| Land and buildings | 22 | €284,765 | €278,098 | -€6,667 | -2.3% |
| Financial fixed assets | 28 | €1,643,682 | €1,643,682 | = | 0.0% |
| Current assets | 29/58 | €24,705 | €51,565 | +€26,860 | +108.7% |
| Amounts receivable within one year | 40/41 | €16,407 | €48,400 | +€31,992 | +195.0% |
| Trade receivables | 40 | €11,964 | €34,122 | +€22,158 | +185.2% |
| Other amounts receivable | 41 | €4,443 | €14,278 | +€9,835 | +221.3% |
| Cash at bank and in hand | 54/58 | €8,298 | €3,165 | -€5,133 | -61.9% |
| Total equity and liabilities | 10/49 | €1,953,153 | €1,973,345 | +€20,193 | +1.0% |
| Equity | 10/15 | €1,586,161 | €1,463,267 | -€122,893 | -7.7% |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Capital | 10 | €395,000 | €395,000 | = | 0.0% |
| Issued capital | 100 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €160,136 | €160,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,593 | €62,593 | = | 0.0% |
| Legal reserve | 130 | €62,593 | €62,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,881 | €28,881 | = | 0.0% |
| Distributable reserves | 133 | €68,662 | €68,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,031,025 | €908,132 | -€122,893 | -11.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €366,992 | €510,078 | +€143,086 | +39.0% |
| Amounts payable after more than one year | 17 | - | €2,800 | +€2,800 | |
| Other amounts payable | 178/9 | - | €2,800 | +€2,800 | |
| Amounts payable within one year | 42/48 | €358,490 | €499,425 | +€140,935 | +39.3% |
| Financial debts | 43 | €0 | €160,000 | +€160,000 | |
| Credit institutions | 430/8 | €0 | €160,000 | +€160,000 | |
| Trade debts | 44 | €18,589 | €27,252 | +€8,663 | +46.6% |
| Suppliers | 440/4 | €18,589 | €27,252 | +€8,663 | +46.6% |
| Taxes, remuneration and social security | 45 | - | €4,791 | +€4,791 | |
| Taxes | 450/3 | - | €4,791 | +€4,791 | |
| Other amounts payable | 47/48 | €339,901 | €307,382 | -€32,519 | -9.6% |
| Accrued charges and deferred income | 492/3 | €8,502 | €7,853 | -€649 | -7.6% |
| Non-recurring operating income | 76A | €0 | €2,768 | +€2,768 | |
| Remuneration, social security and pensions | 62 | -€148 | €0 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €6,667 | = | 0.0% |
| Other operating charges | 640/8 | €13,511 | €13,897 | +€386 | +2.9% |
| Gross operating margin | 9900 | €152 | €33,347 | +€33,195 | +21833.1% |
| Operating profit (loss) | 9901 | -€19,877 | €12,783 | +€32,661 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €17,695 | €20,884 | +€3,189 | +18.0% |
| Recurring financial charges | 65 | €17,695 | €20,884 | +€3,189 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,572 | -€8,101 | +€29,471 | +78.4% |
| Transfer from deferred taxes | 780 | €74,331 | €0 | -€74,331 | -100.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | - | €64,792 | +€64,792 | |
| Profit (loss) for the period | 9904 | €36,758 | -€72,893 | -€109,651 | |
| Transfer from tax-exempt reserves | 789 | €222,992 | €0 | -€222,992 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €259,750 | -€72,893 | -€332,643 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.