Het Pelderijn: 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.
Het Pelderijn
Largest movements
- Cash +€535,728
up €535,728 (+91.9%), from €582,931 to €1.1m
mainly Current investments (+€450,000) and Net result for the year (+€207,217)
- Current investments -€450,000
down €450,000 (-45.0%), from €1.0m to €550,000
- Tangible fixed assets +€46,931
up €46,931 (+41.6%), from €112,767 to €159,697
of which Furniture and vehicles: +€79,914
- Receivables after one year -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Debts after one year +€41,510
up €41,510 (+126%), from €32,955 to €74,464
- Tax, wage and social debts +€29,656
up €29,656 (+272%), from €10,899 to €40,555
- Gross operating margin +€203,275
up €203,275 (+506%), from €40,210 to €243,485
- Taxes +€72,053
up €72,053 (+401%), from €17,976 to €90,028
- Financial income -€67,456
down €67,456 (-41.2%), from €163,909 to €96,453
of which Financial income: -€68,021
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 | €2,127,613 | €2,200,753 | +€73,140 | +3.4% |
| Fixed assets | 21/28 | €358,633 | €400,174 | +€41,541 | +11.6% |
| Tangible fixed assets | 22/27 | €112,767 | €159,697 | +€46,931 | +41.6% |
| Land and buildings | 22 | €112,767 | €79,783 | -€32,983 | -29.2% |
| Furniture and vehicles | 24 | - | €79,914 | +€79,914 | |
| Financial fixed assets | 28 | €245,866 | €240,476 | -€5,390 | -2.2% |
| Current assets | 29/58 | €1,768,980 | €1,800,579 | +€31,599 | +1.8% |
| Amounts receivable after more than one year | 29 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Other amounts receivable | 291 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €66,049 | €50,889 | -€15,160 | -23.0% |
| Other amounts receivable | 41 | €66,049 | €50,889 | -€15,160 | -23.0% |
| Current investments | 50/53 | €1,000,000 | €550,000 | -€450,000 | -45.0% |
| Cash at bank and in hand | 54/58 | €582,931 | €1,118,660 | +€535,728 | +91.9% |
| Deferred charges and accrued income | 490/1 | - | €1,031 | +€1,031 | |
| Total equity and liabilities | 10/49 | €2,127,613 | €2,200,753 | +€73,140 | +3.4% |
| Equity | 10/15 | €2,048,900 | €2,032,760 | -€16,139 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,030,300 | €2,014,160 | -€16,139 | -0.8% |
| Tax-exempt reserves | 132 | €105,813 | €563 | -€105,250 | -99.5% |
| Distributable reserves | 133 | €1,924,487 | €2,013,597 | +€89,111 | +4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €78,714 | €167,993 | +€89,279 | +113% |
| Amounts payable after more than one year | 17 | €32,955 | €74,464 | +€41,510 | +126% |
| Financial debts | 170/4 | €32,955 | €74,464 | +€41,510 | +126% |
| Amounts payable within one year | 42/48 | €45,101 | €92,849 | +€47,749 | +106% |
| Current portion of amounts payable after more than one year | 42 | €34,201 | €39,469 | +€5,268 | +15.4% |
| Taxes, remuneration and social security | 45 | €10,899 | €40,555 | +€29,656 | +272% |
| Taxes | 450/3 | €10,899 | €40,555 | +€29,656 | +272% |
| Other amounts payable | 47/48 | €0 | €12,825 | +€12,825 | |
| Accrued charges and deferred income | 492/3 | €658 | €679 | +€21 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,621 | €34,228 | -€2,393 | -6.5% |
| Other operating charges | 640/8 | €6,188 | €7,239 | +€1,051 | +17.0% |
| Gross operating margin | 9900 | €40,210 | €243,485 | +€203,275 | +506% |
| Operating profit (loss) | 9901 | -€2,599 | €202,018 | +€204,617 | |
| Financial income | 75/76B | €163,909 | €96,453 | -€67,456 | -41.2% |
| Recurring financial income | 75 | €163,909 | €95,888 | -€68,021 | -41.5% |
| Non-recurring financial income | 76B | €0 | €564 | +€564 | |
| Financial charges | 65/66B | €1,745 | €1,226 | -€519 | -29.7% |
| Recurring financial charges | 65 | €1,745 | €1,226 | -€519 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €159,565 | €297,245 | +€137,680 | +86.3% |
| Income taxes | 67/77 | €17,976 | €90,028 | +€72,053 | +401% |
| Profit (loss) for the period | 9904 | €141,589 | €207,217 | +€65,627 | +46.4% |
| Transfer from tax-exempt reserves | 789 | €0 | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,589 | €312,467 | +€170,877 | +121% |
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 27 October 2026 via checked.be.