PEZELHOF: 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.
PEZELHOF
Largest movements
- Receivables within one year +€23,602
up €23,602 (+39.7%), from €59,526 to €83,128
- Tangible fixed assets -€16,067
down €16,067 (-8.2%), from €196,207 to €180,140
- Cash -€13,415
down €13,415 (-26.7%), from €50,337 to €36,922
mainly Receivables within one year (-€23,602) and Net result for the year (-€5,297)
- Profit (loss) carried forward -€5,297
down €5,297 (-1.6%), from -€330,975 to -€336,272
- Gross operating margin -€912
down €912 (-5.7%), from €16,133 to €15,221
- Other operating charges +€316
up €316 (+7.8%), from €4,061 to €4,377
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 | €307,539 | €301,728 | -€5,812 | -1.9% |
| Fixed assets | 21/28 | €196,207 | €180,140 | -€16,067 | -8.2% |
| Tangible fixed assets | 22/27 | €196,207 | €180,140 | -€16,067 | -8.2% |
| Land and buildings | 22 | €196,207 | €180,140 | -€16,067 | -8.2% |
| Current assets | 29/58 | €111,332 | €121,588 | +€10,256 | +9.2% |
| Amounts receivable within one year | 40/41 | €59,526 | €83,128 | +€23,602 | +39.7% |
| Other amounts receivable | 41 | €59,526 | €83,128 | +€23,602 | +39.7% |
| Current investments | 50/53 | €66 | €66 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,337 | €36,922 | -€13,415 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,404 | €1,473 | +€69 | +4.9% |
| Total equity and liabilities | 10/49 | €307,539 | €301,728 | -€5,812 | -1.9% |
| Equity | 10/15 | €307,025 | €301,728 | -€5,297 | -1.7% |
| Contributions | 10/11 | €638,000 | €638,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,975 | -€336,272 | -€5,297 | -1.6% |
| Amounts payable | 17/49 | €515 | - | -€515 | |
| Amounts payable within one year | 42/48 | €515 | - | -€515 | |
| Trade debts | 44 | €500 | - | -€500 | |
| Suppliers | 440/4 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €15 | - | -€15 | |
| Taxes | 450/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,067 | €16,067 | = | 0.0% |
| Other operating charges | 640/8 | €4,061 | €4,377 | +€316 | +7.8% |
| Gross operating margin | 9900 | €16,133 | €15,221 | -€912 | -5.7% |
| Operating profit (loss) | 9901 | -€3,995 | -€5,223 | -€1,228 | -30.7% |
| Financial income | 75/76B | €4 | €1 | -€3 | -68.4% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -68.4% |
| Financial charges | 65/66B | €80 | €75 | -€5 | -6.6% |
| Recurring financial charges | 65 | €80 | €75 | -€5 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,071 | -€5,297 | -€1,226 | -30.1% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -14.3% |
| Profit (loss) for the period | 9904 | -€4,071 | -€5,297 | -€1,226 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,071 | -€5,297 | -€1,226 | -30.1% |
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 18 October 2026 via checked.be.