Pérez-Llorca EU: 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.
Pérez-Llorca EU
Largest movements
- Stocks and contracts +€833,639
up €833,639 (+362%), from €230,418 to €1.1m
- Receivables within one year +€820,359
up €820,359 (+315%), from €260,708 to €1.1m
of which Trade receivables: +€852,704
- Tangible fixed assets -€90,152
down €90,152 (-16.5%), from €545,020 to €454,868
of which Other tangible fixed assets: -€75,114
- Cash +€87,043
up €87,043 (+82.2%), from €105,894 to €192,936
- Deferred charges and accrued income -€69,264
down €69,264 (-83.3%), from €83,132 to €13,868
- Trade debts +€1.3m
up €1.3m (+242%), from €518,138 to €1.8m
- Current portion of long-term debt +€382,085
new in 2025: €382,085
- Tax, wage and social debts +€155,775
up €155,775 (+66.8%), from €233,124 to €388,898
of which Remuneration and social security: +€217,249
- Short-term financial debts -€133,611
down €133,611 (-34.0%), from €393,206 to €259,595
- Accrued charges and deferred income -€83,034
down €83,034 (-90.3%), from €91,908 to €8,874
- Gross operating margin +€934,940
up €934,940 (+160%), from €582,676 to €1.5m
- Staff costs +€826,160
up €826,160 (+182%), from €455,166 to €1.3m
- Other operating charges +€102,862
up €102,862 (+414%), from €24,818 to €127,680
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,239,376 | €2,815,932 | +€1.6m | +127% |
| Fixed assets | 21/28 | €559,224 | €464,003 | -€95,221 | -17.0% |
| Intangible fixed assets | 21 | €2,849 | €0 | -€2,849 | -100% |
| Tangible fixed assets | 22/27 | €545,020 | €454,868 | -€90,152 | -16.5% |
| Furniture and vehicles | 24 | €31,742 | €16,704 | -€15,038 | -47.4% |
| Other tangible fixed assets | 26 | €513,278 | €438,164 | -€75,114 | -14.6% |
| Financial fixed assets | 28 | €11,355 | €9,135 | -€2,220 | -19.6% |
| Current assets | 29/58 | €680,152 | €2,351,929 | +€1.7m | +246% |
| Stocks and contracts in progress | 3 | €230,418 | €1,064,057 | +€833,639 | +362% |
| Contracts in progress | 37 | €230,418 | €1,064,057 | +€833,639 | +362% |
| Amounts receivable within one year | 40/41 | €260,708 | €1,081,068 | +€820,359 | +315% |
| Trade receivables | 40 | €208,447 | €1,061,152 | +€852,704 | +409% |
| Other amounts receivable | 41 | €52,261 | €19,916 | -€32,345 | -61.9% |
| Cash at bank and in hand | 54/58 | €105,894 | €192,936 | +€87,043 | +82.2% |
| Deferred charges and accrued income | 490/1 | €83,132 | €13,868 | -€69,264 | -83.3% |
| Total equity and liabilities | 10/49 | €1,239,376 | €2,815,932 | +€1.6m | +127% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,236,376 | €2,812,932 | +€1.6m | +128% |
| Amounts payable within one year | 42/48 | €1,144,468 | €2,804,058 | +€1.7m | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €382,085 | +€382,085 | |
| Financial debts | 43 | €393,206 | €259,595 | -€133,611 | -34.0% |
| Other loans | 439 | €393,206 | €259,595 | -€133,611 | -34.0% |
| Trade debts | 44 | €518,138 | €1,772,601 | +€1.3m | +242% |
| Suppliers | 440/4 | €518,138 | €1,772,601 | +€1.3m | +242% |
| Taxes, remuneration and social security | 45 | €233,124 | €388,898 | +€155,775 | +66.8% |
| Taxes | 450/3 | €61,474 | €0 | -€61,474 | -100% |
| Remuneration and social security | 454/9 | €171,650 | €388,898 | +€217,249 | +127% |
| Other amounts payable | 47/48 | €0 | €879 | +€879 | |
| Accrued charges and deferred income | 492/3 | €91,908 | €8,874 | -€83,034 | -90.3% |
| Remuneration, social security and pensions | 62 | €455,166 | €1,281,325 | +€826,160 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,260 | €92,842 | -€6,418 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,150 | +€7,150 | |
| Other operating charges | 640/8 | €24,818 | €127,680 | +€102,862 | +414% |
| Gross operating margin | 9900 | €582,676 | €1,517,617 | +€934,940 | +160% |
| Operating profit (loss) | 9901 | €3,432 | €8,619 | +€5,187 | +151% |
| Financial income | 75/76B | €0 | €4,382 | +€4,382 | |
| Recurring financial income | 75 | €0 | €4,382 | +€4,382 | |
| Financial charges | 65/66B | €604 | €13,001 | +€12,397 | +2,053% |
| Recurring financial charges | 65 | €604 | €13,001 | +€12,397 | +2,053% |
| Profit (loss) for the period before taxes | 9903 | €2,829 | €0 | -€2,829 | -100% |
| Income taxes | 67/77 | €2,829 | €0 | -€2,829 | -100% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.