PFEYFER: 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.
What changed
PFEYFER
NACE 47.791, Retail sale of antiques
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€132,380
2024 · €142,924-€10,545
Equity
€788,882
2024 · €680,713+€108,169
Cash
€186,513
2024 · €184,027+€2,487
Balance sheet total
€1.3m
2024 · €1.3m+€29,488
Largest movements
Assets
- Stocks and contracts +€90,697
up €90,697 (+18.9%), from €479,424 to €570,122
- Receivables within one year -€74,334
down €74,334 (-58.2%), from €127,709 to €53,375
of which Trade receivables: -€72,145
Equity and liabilities
- Reserves +€108,169
up €108,169 (+16.0%), from €674,513 to €782,682
- Trade debts -€38,986
down €38,986 (-71.1%), from €54,828 to €15,842
- Debts after one year -€19,558
down €19,558 (-5.1%), from €379,814 to €360,256
Income statement
- Gross operating margin -€13,199
down €13,199 (-5.1%), from €259,469 to €246,270
- Taxes -€4,531
down €4,531 (-6.7%), from €67,590 to €63,059
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
€142,924
Gross operating margin
-€13,199
Depreciation
-€2,205
Other operating charges
-€670
Financial income
+€1,432
Financial charges
-€434
Taxes
+€4,531
Result 2025
€132,380
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
+€91,053
Investment
-€38,785
Financing
-€49,781
Cash 2024
€184,027
From operations (derived)
+€91,053
Net result for the year
+€132,380
Depreciation
+€28,803
Stocks and contracts
-€90,697
Receivables within one year
+€74,334
Deferred charges and accrued income
-€656
Trade debts
-€38,986
Tax, wage and social debts
-€4,140
Accrued charges and deferred income
-€9,984
Investment (derived)
-€38,785
Investment in fixed assets (net)
-€38,785
Financing
-€49,781
Debts after one year
-€19,558
Current portion of long-term debt
+€300
Short-term financial debts
-€6,313
Contributions, distributions and other
-€24,211
Cash 2025
€186,513
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,318,500 | €1,347,989 | +€29,488 | +2.2% |
| Fixed assets | 21/28 | €523,507 | €533,489 | +€9,982 | +1.9% |
| Tangible fixed assets | 22/27 | €523,507 | €533,489 | +€9,982 | +1.9% |
| Land and buildings | 22 | €507,201 | €499,144 | -€8,056 | -1.6% |
| Plant, machinery and equipment | 23 | €3,448 | €22,952 | +€19,504 | +565.7% |
| Furniture and vehicles | 24 | €12,859 | €11,393 | -€1,465 | -11.4% |
| Current assets | 29/58 | €794,993 | €814,499 | +€19,506 | +2.5% |
| Stocks and contracts in progress | 3 | €479,424 | €570,122 | +€90,697 | +18.9% |
| Stocks | 30/36 | €479,424 | €570,122 | +€90,697 | +18.9% |
| Amounts receivable within one year | 40/41 | €127,709 | €53,375 | -€74,334 | -58.2% |
| Trade receivables | 40 | €116,592 | €44,447 | -€72,145 | -61.9% |
| Other amounts receivable | 41 | €11,117 | €8,928 | -€2,189 | -19.7% |
| Cash at bank and in hand | 54/58 | €184,027 | €186,513 | +€2,487 | +1.4% |
| Deferred charges and accrued income | 490/1 | €3,833 | €4,490 | +€656 | +17.1% |
| Total equity and liabilities | 10/49 | €1,318,500 | €1,347,989 | +€29,488 | +2.2% |
| Equity | 10/15 | €680,713 | €788,882 | +€108,169 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €674,513 | €782,682 | +€108,169 | +16.0% |
| Distributable reserves | 133 | €674,513 | €782,682 | +€108,169 | +16.0% |
| Amounts payable | 17/49 | €637,787 | €559,106 | -€78,681 | -12.3% |
| Amounts payable after more than one year | 17 | €379,814 | €360,256 | -€19,558 | -5.1% |
| Financial debts | 170/4 | €379,814 | €360,256 | -€19,558 | -5.1% |
| Amounts payable within one year | 42/48 | €247,989 | €198,850 | -€49,139 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €19,257 | €19,558 | +€300 | +1.6% |
| Financial debts | 43 | €126,313 | €120,000 | -€6,313 | -5.0% |
| Credit institutions | 430/8 | €126,313 | €120,000 | -€6,313 | -5.0% |
| Trade debts | 44 | €54,828 | €15,842 | -€38,986 | -71.1% |
| Suppliers | 440/4 | €54,828 | €15,842 | -€38,986 | -71.1% |
| Taxes, remuneration and social security | 45 | €47,590 | €43,450 | -€4,140 | -8.7% |
| Taxes | 450/3 | €47,590 | €43,450 | -€4,140 | -8.7% |
| Accrued charges and deferred income | 492/3 | €9,984 | - | -€9,984 | |
| Non-recurring operating income | 76A | €3,262 | - | -€3,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,598 | €28,803 | +€2,205 | +8.3% |
| Other operating charges | 640/8 | €3,442 | €4,112 | +€670 | +19.5% |
| Gross operating margin | 9900 | €259,469 | €246,270 | -€13,199 | -5.1% |
| Operating profit (loss) | 9901 | €229,429 | €213,355 | -€16,074 | -7.0% |
| Financial income | 75/76B | €56 | €1,488 | +€1,432 | +2543.1% |
| Recurring financial income | 75 | €56 | €1,488 | +€1,432 | +2543.1% |
| Financial charges | 65/66B | €18,971 | €19,405 | +€434 | +2.3% |
| Recurring financial charges | 65 | €18,971 | €19,405 | +€434 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €210,514 | €195,438 | -€15,076 | -7.2% |
| Income taxes | 67/77 | €67,590 | €63,059 | -€4,531 | -6.7% |
| Profit (loss) for the period | 9904 | €142,924 | €132,380 | -€10,545 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,924 | €132,380 | -€10,545 | -7.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.