PL-PELLETS: 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.
PL-PELLETS
Largest movements
- Cash +€26,352
up €26,352 (+94.1%), from €28,017 to €54,369
mainly Net result for the year (+€12,363) and Depreciation (+€6,463)
- Tangible fixed assets -€6,463
down €6,463 (-15.4%), from €42,058 to €35,595
of which Furniture and vehicles: -€5,726
- Receivables within one year -€3,976
down €3,976 (-29.6%), from €13,427 to €9,451
of which Other amounts receivable: -€5,252
- Stocks and contracts -€1,235
down €1,235 (-11.2%), from €10,988 to €9,753
- Reserves +€12,363
up €12,363 (+13.6%), from €90,955 to €103,318
- Tax, wage and social debts +€1,096
new in 2025: €1,096
- Gross operating margin +€8,764
up €8,764 (+53.4%), from €16,418 to €25,182
- Taxes +€5,096
new in 2025: €5,096
- Staff costs -€4,440
down €4,440 (-98.3%), from €4,516 to €76
- Depreciation -€888
down €888 (-12.1%), from €7,351 to €6,463
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 | €95,053 | €109,493 | +€14,440 | +15.2% |
| Fixed assets | 21/28 | €42,234 | €35,771 | -€6,463 | -15.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €42,058 | €35,595 | -€6,463 | -15.4% |
| Plant, machinery and equipment | 23 | €683 | €383 | -€300 | -43.9% |
| Furniture and vehicles | 24 | €40,218 | €34,492 | -€5,726 | -14.2% |
| Other tangible fixed assets | 26 | €1,157 | €720 | -€437 | -37.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €52,819 | €73,722 | +€20,903 | +39.6% |
| Stocks and contracts in progress | 3 | €10,988 | €9,753 | -€1,235 | -11.2% |
| Stocks | 30/36 | €10,988 | €9,753 | -€1,235 | -11.2% |
| Amounts receivable within one year | 40/41 | €13,427 | €9,451 | -€3,976 | -29.6% |
| Trade receivables | 40 | €3,789 | €5,065 | +€1,276 | +33.7% |
| Other amounts receivable | 41 | €9,638 | €4,386 | -€5,252 | -54.5% |
| Cash at bank and in hand | 54/58 | €28,017 | €54,369 | +€26,352 | +94.1% |
| Deferred charges and accrued income | 490/1 | €387 | €149 | -€238 | -61.5% |
| Total equity and liabilities | 10/49 | €95,053 | €109,493 | +€14,440 | +15.2% |
| Equity | 10/15 | €94,558 | €106,921 | +€12,363 | +13.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €90,955 | €103,318 | +€12,363 | +13.6% |
| Distributable reserves | 133 | €90,955 | €103,318 | +€12,363 | +13.6% |
| Profit (loss) carried forward | 14 | -€4,457 | -€4,457 | = | 0.0% |
| Amounts payable | 17/49 | €495 | €2,572 | +€2,077 | +419.6% |
| Amounts payable within one year | 42/48 | €495 | €2,572 | +€2,077 | +419.6% |
| Financial debts | 43 | €68 | €68 | = | 0.0% |
| Credit institutions | 430/8 | €68 | €68 | = | 0.0% |
| Trade debts | 44 | €272 | €1,253 | +€981 | +360.7% |
| Suppliers | 440/4 | €272 | €1,253 | +€981 | +360.7% |
| Taxes, remuneration and social security | 45 | - | €1,096 | +€1,096 | |
| Taxes | 450/3 | - | €1,096 | +€1,096 | |
| Other amounts payable | 47/48 | €155 | €155 | = | 0.0% |
| Non-recurring operating income | 76A | €5,165 | €5,785 | +€620 | +12.0% |
| Remuneration, social security and pensions | 62 | €4,516 | €76 | -€4,440 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,351 | €6,463 | -€888 | -12.1% |
| Other operating charges | 640/8 | €771 | €683 | -€88 | -11.4% |
| Gross operating margin | 9900 | €16,418 | €25,182 | +€8,764 | +53.4% |
| Operating profit (loss) | 9901 | €3,780 | €17,960 | +€14,180 | +375.1% |
| Financial income | 75/76B | €62 | €63 | +€1 | +1.6% |
| Recurring financial income | 75 | €62 | €63 | +€1 | +1.6% |
| Financial charges | 65/66B | €527 | €564 | +€37 | +7.0% |
| Recurring financial charges | 65 | €527 | €564 | +€37 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,315 | €17,459 | +€14,144 | +426.7% |
| Income taxes | 67/77 | - | €5,096 | +€5,096 | |
| Profit (loss) for the period | 9904 | €3,315 | €12,363 | +€9,048 | +272.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,315 | €12,363 | +€9,048 | +272.9% |
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 10 October 2026 via checked.be.