PENEL LIGHT & DECO: 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.
PENEL LIGHT & DECO
Largest movements
- Cash +€94,929
up €94,929 (+55.4%), from €171,497 to €266,426
mainly Net result for the year (+€77,408) and Depreciation (+€42,818)
- Stocks and contracts -€24,765
down €24,765 (-6.2%), from €397,578 to €372,812
- Tangible fixed assets +€17,708
up €17,708 (+8.3%), from €212,565 to €230,273
of which Furniture and vehicles: +€36,729
- Receivables within one year -€15,301
down €15,301 (-43.7%), from €35,052 to €19,752
of which Trade receivables: -€14,413
- Reserves +€60,000
up €60,000 (+10.2%), from €585,868 to €645,868
- Profit (loss) carried forward +€17,408
up €17,408 (+30.9%), from €56,344 to €73,752
- Trade debts -€15,928
down €15,928 (-26.5%), from €60,033 to €44,105
- Gross operating margin -€35,768
down €35,768 (-14.3%), from €250,602 to €214,834
- Taxes -€10,369
down €10,369 (-22.3%), from €46,489 to €36,120
- Staff costs -€7,287
down €7,287 (-12.1%), from €60,129 to €52,842
- Depreciation +€7,134
up €7,134 (+20.0%), from €35,684 to €42,818
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 | €822,982 | €895,502 | +€72,521 | +8.8% |
| Fixed assets | 21/28 | €214,615 | €232,323 | +€17,708 | +8.3% |
| Tangible fixed assets | 22/27 | €212,565 | €230,273 | +€17,708 | +8.3% |
| Land and buildings | 22 | €179,537 | €163,194 | -€16,343 | -9.1% |
| Plant, machinery and equipment | 23 | €1,005 | €464 | -€541 | -53.9% |
| Furniture and vehicles | 24 | €24,641 | €61,370 | +€36,729 | +149% |
| Other tangible fixed assets | 26 | €7,382 | €5,246 | -€2,136 | -28.9% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €608,366 | €663,179 | +€54,812 | +9.0% |
| Stocks and contracts in progress | 3 | €397,578 | €372,812 | -€24,765 | -6.2% |
| Stocks | 30/36 | €397,578 | €372,812 | -€24,765 | -6.2% |
| Amounts receivable within one year | 40/41 | €35,052 | €19,752 | -€15,301 | -43.7% |
| Trade receivables | 40 | €17,728 | €3,315 | -€14,413 | -81.3% |
| Other amounts receivable | 41 | €17,324 | €16,437 | -€888 | -5.1% |
| Cash at bank and in hand | 54/58 | €171,497 | €266,426 | +€94,929 | +55.4% |
| Deferred charges and accrued income | 490/1 | €4,240 | €4,189 | -€51 | -1.2% |
| Total equity and liabilities | 10/49 | €822,982 | €895,502 | +€72,521 | +8.8% |
| Equity | 10/15 | €660,813 | €738,220 | +€77,408 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €585,868 | €645,868 | +€60,000 | +10.2% |
| Distributable reserves | 133 | €585,868 | €645,868 | +€60,000 | +10.2% |
| Profit (loss) carried forward | 14 | €56,344 | €73,752 | +€17,408 | +30.9% |
| Amounts payable | 17/49 | €162,169 | €157,282 | -€4,887 | -3.0% |
| Amounts payable after more than one year | 17 | €11,093 | €18,010 | +€6,917 | +62.4% |
| Financial debts | 170/4 | €11,093 | €18,010 | +€6,917 | +62.4% |
| Amounts payable within one year | 42/48 | €151,076 | €139,272 | -€11,804 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €15,210 | €18,371 | +€3,160 | +20.8% |
| Trade debts | 44 | €60,033 | €44,105 | -€15,928 | -26.5% |
| Suppliers | 440/4 | €60,033 | €44,105 | -€15,928 | -26.5% |
| Taxes, remuneration and social security | 45 | €50,411 | €51,248 | +€837 | +1.7% |
| Taxes | 450/3 | €41,347 | €42,072 | +€726 | +1.8% |
| Remuneration and social security | 454/9 | €9,064 | €9,176 | +€111 | +1.2% |
| Other amounts payable | 47/48 | €25,421 | €25,548 | +€127 | +0.5% |
| Remuneration, social security and pensions | 62 | €60,129 | €52,842 | -€7,287 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,684 | €42,818 | +€7,134 | +20.0% |
| Other operating charges | 640/8 | €6,158 | €6,233 | +€74 | +1.2% |
| Gross operating margin | 9900 | €250,602 | €214,834 | -€35,768 | -14.3% |
| Operating profit (loss) | 9901 | €148,631 | €112,941 | -€35,690 | -24.0% |
| Financial income | 75/76B | €1,782 | €1,721 | -€61 | -3.4% |
| Recurring financial income | 75 | €1,782 | €1,721 | -€61 | -3.4% |
| Financial charges | 65/66B | €639 | €1,134 | +€495 | +77.4% |
| Recurring financial charges | 65 | €639 | €1,134 | +€495 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €149,773 | €113,528 | -€36,246 | -24.2% |
| Income taxes | 67/77 | €46,489 | €36,120 | -€10,369 | -22.3% |
| Profit (loss) for the period | 9904 | €103,284 | €77,408 | -€25,876 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,284 | €77,408 | -€25,876 | -25.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.