PERNEEL: 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.
PERNEEL
Largest movements
- Cash +€664,299
up €664,299 (+45.0%), from €1.5m to €2.1m
mainly Net result for the year (+€370,699) and Trade debts (+€343,144)
- Receivables within one year -€116,082
down €116,082 (-20.1%), from €577,550 to €461,468
of which Trade receivables: -€105,159
- Current investments +€40,294
up €40,294, from €0 to €40,294
- Tangible fixed assets +€33,386
up €33,386 (+21.8%), from €153,240 to €186,626
of which Plant, machinery and equipment: +€25,682
- Trade debts +€343,144
up €343,144 (+125.7%), from €272,944 to €616,088
- Reserves +€328,771
up €328,771 (+20.5%), from €1.6m to €1.9m
- Tax, wage and social debts -€91,105
down €91,105 (-39.8%), from €229,060 to €137,955
of which Taxes: -€91,105
- Other debts +€44,581
up €44,581 (+206.6%), from €21,578 to €66,160
- Financial income -€78,347
down €78,347 (-99.9%), from €78,419 to €72
- Gross operating margin +€39,006
up €39,006 (+6.8%), from €576,491 to €615,496
- Staff costs -€8,185
down €8,185 (-100.0%), from €8,185 to €0
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 | €2,279,975 | €2,908,198 | +€628,223 | +27.6% |
| Fixed assets | 21/28 | €153,240 | €186,626 | +€33,386 | +21.8% |
| Tangible fixed assets | 22/27 | €153,240 | €186,626 | +€33,386 | +21.8% |
| Land and buildings | 22 | €29,128 | €25,050 | -€4,078 | -14.0% |
| Plant, machinery and equipment | 23 | €1,113 | €26,795 | +€25,682 | +2307.0% |
| Furniture and vehicles | 24 | €122,999 | €134,781 | +€11,782 | +9.6% |
| Current assets | 29/58 | €2,126,735 | €2,721,572 | +€594,837 | +28.0% |
| Stocks and contracts in progress | 3 | €67,454 | €57,182 | -€10,272 | -15.2% |
| Stocks | 30/36 | €67,454 | €57,182 | -€10,272 | -15.2% |
| Amounts receivable within one year | 40/41 | €577,550 | €461,468 | -€116,082 | -20.1% |
| Trade receivables | 40 | €547,425 | €442,265 | -€105,159 | -19.2% |
| Other amounts receivable | 41 | €30,125 | €19,202 | -€10,923 | -36.3% |
| Current investments | 50/53 | €0 | €40,294 | +€40,294 | |
| Cash at bank and in hand | 54/58 | €1,476,964 | €2,141,262 | +€664,299 | +45.0% |
| Deferred charges and accrued income | 490/1 | €4,768 | €21,366 | +€16,598 | +348.1% |
| Total equity and liabilities | 10/49 | €2,279,975 | €2,908,198 | +€628,223 | +27.6% |
| Equity | 10/15 | €1,640,420 | €1,969,190 | +€328,771 | +20.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,603,236 | €1,932,006 | +€328,771 | +20.5% |
| Distributable reserves | 133 | €1,603,236 | €1,932,006 | +€328,771 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €639,556 | €939,008 | +€299,453 | +46.8% |
| Amounts payable after more than one year | 17 | €110,950 | €110,950 | = | 0.0% |
| Other amounts payable | 178/9 | €110,950 | €110,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €523,582 | €820,203 | +€296,620 | +56.7% |
| Trade debts | 44 | €272,944 | €616,088 | +€343,144 | +125.7% |
| Suppliers | 440/4 | €272,944 | €616,088 | +€343,144 | +125.7% |
| Taxes, remuneration and social security | 45 | €229,060 | €137,955 | -€91,105 | -39.8% |
| Taxes | 450/3 | €229,060 | €137,955 | -€91,105 | -39.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,578 | €66,160 | +€44,581 | +206.6% |
| Accrued charges and deferred income | 492/3 | €5,023 | €7,855 | +€2,832 | +56.4% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Remuneration, social security and pensions | 62 | €8,185 | €0 | -€8,185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,239 | €61,632 | +€4,393 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,132 | €3,204 | -€3,928 | -55.1% |
| Gross operating margin | 9900 | €576,491 | €615,496 | +€39,006 | +6.8% |
| Operating profit (loss) | 9901 | €503,934 | €550,660 | +€46,725 | +9.3% |
| Financial income | 75/76B | €78,419 | €72 | -€78,347 | -99.9% |
| Recurring financial income | 75 | €78,419 | €72 | -€78,347 | -99.9% |
| Financial charges | 65/66B | €5,852 | €7,897 | +€2,044 | +34.9% |
| Recurring financial charges | 65 | €5,852 | €7,897 | +€2,044 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €576,501 | €542,835 | -€33,666 | -5.8% |
| Income taxes | 67/77 | €177,399 | €172,136 | -€5,263 | -3.0% |
| Profit (loss) for the period | 9904 | €399,102 | €370,699 | -€28,403 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €399,102 | €370,699 | -€28,403 | -7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.