ID PELLETS: what changed
ID PELLETS
Largest movements
- Receivables within one year +€184,609
up €184,609 (+84.0%), from €219,714 to €404,323
of which Trade receivables: +€184,271
- Stocks and contracts -€98,500
no longer reported in 2025 (was €98,500)
- Tangible fixed assets -€31,957
down €31,957 (-50.1%), from €63,739 to €31,783
of which Other tangible fixed assets: -€25,803
- Cash -€10,918
down €10,918 (-86.4%), from €12,633 to €1,715
mainly Receivables within one year (-€184,609) and Contributions, distributions and other (-€19,000)
- Reserves +€33,576
up €33,576 (+193%), from €17,385 to €50,961
of which Distributable reserves: +€33,576
- Other debts +€18,439
up €18,439 (+10.4%), from €177,689 to €196,127
- Debts after one year -€10,129
down €10,129 (-38.8%), from €26,140 to €16,010
- Gross operating margin +€52,011
up €52,011 (+170%), from €30,565 to €82,576
- Staff costs -€3,496
down €3,496 (-46.7%), from €7,493 to €3,997
- Depreciation -€2,937
down €2,937 (-16.2%), from €18,091 to €15,153
- Financial charges -€1,308
down €1,308 (-13.2%), from €9,877 to €8,569
of which Financial charges: -€1,483
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,773 | €439,388 | +€43,615 | +11.0% |
| Fixed assets | 21/28 | €63,739 | €31,783 | -€31,957 | -50.1% |
| Tangible fixed assets | 22/27 | €63,739 | €31,783 | -€31,957 | -50.1% |
| Plant, machinery and equipment | 23 | €4,828 | €2,435 | -€2,392 | -49.6% |
| Furniture and vehicles | 24 | €978 | €7,928 | +€6,949 | +710% |
| Leasing and similar rights | 25 | €32,130 | €21,420 | -€10,710 | -33.3% |
| Other tangible fixed assets | 26 | €25,803 | - | -€25,803 | |
| Current assets | 29/58 | €332,034 | €407,606 | +€75,572 | +22.8% |
| Stocks and contracts in progress | 3 | €98,500 | - | -€98,500 | |
| Stocks | 30/36 | €98,500 | - | -€98,500 | |
| Amounts receivable within one year | 40/41 | €219,714 | €404,323 | +€184,609 | +84.0% |
| Trade receivables | 40 | €11,056 | €195,327 | +€184,271 | +1,667% |
| Other amounts receivable | 41 | €208,658 | €208,996 | +€338 | +0.2% |
| Cash at bank and in hand | 54/58 | €12,633 | €1,715 | -€10,918 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,187 | €1,568 | +€380 | +32.0% |
| Total equity and liabilities | 10/49 | €395,773 | €439,388 | +€43,615 | +11.0% |
| Equity | 10/15 | €35,985 | €69,561 | +€33,576 | +93.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,385 | €50,961 | +€33,576 | +193% |
| Tax-exempt reserves | 132 | €17,306 | €17,306 | = | 0.0% |
| Distributable reserves | 133 | €79 | €33,655 | +€33,576 | +42,255% |
| Amounts payable | 17/49 | €359,788 | €369,827 | +€10,040 | +2.8% |
| Amounts payable after more than one year | 17 | €26,140 | €16,010 | -€10,129 | -38.8% |
| Financial debts | 170/4 | €26,140 | €16,010 | -€10,129 | -38.8% |
| Amounts payable within one year | 42/48 | €333,648 | €353,817 | +€20,169 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €25,959 | €27,365 | +€1,406 | +5.4% |
| Suppliers | 440/4 | €25,959 | €27,365 | +€1,406 | +5.4% |
| Advances received on contracts in progress | 46 | €875 | - | -€875 | |
| Taxes, remuneration and social security | 45 | €4,125 | €5,325 | +€1,200 | +29.1% |
| Taxes | 450/3 | €4,125 | €5,303 | +€1,178 | +28.6% |
| Remuneration and social security | 454/9 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €177,689 | €196,127 | +€18,439 | +10.4% |
| Remuneration, social security and pensions | 62 | €7,493 | €3,997 | -€3,496 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,091 | €15,153 | -€2,937 | -16.2% |
| Other operating charges | 640/8 | €2,040 | €1,336 | -€704 | -34.5% |
| Non-recurring operating charges | 66A | €1,048 | €803 | -€245 | -23.3% |
| Gross operating margin | 9900 | €30,565 | €82,576 | +€52,011 | +170% |
| Operating profit (loss) | 9901 | €1,894 | €61,287 | +€59,393 | +3,136% |
| Financial income | 75/76B | €67 | €1 | -€66 | -98.2% |
| Recurring financial income | 75 | €67 | €1 | -€66 | -98.2% |
| Financial charges | 65/66B | €9,877 | €8,569 | -€1,308 | -13.2% |
| Recurring financial charges | 65 | €9,877 | €8,394 | -€1,483 | -15.0% |
| Non-recurring financial charges | 66B | - | €175 | +€175 | |
| Profit (loss) for the period before taxes | 9903 | -€7,916 | €52,719 | +€60,635 | |
| Income taxes | 67/77 | - | €143 | +€143 | |
| Profit (loss) for the period | 9904 | -€7,916 | €52,576 | +€60,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,916 | €52,576 | +€60,492 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.