PELA: what changed
Two fiscal 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.
PELA
Largest movements
- Cash +€67,743
up €67,743 (+275.0%), from €24,635 to €92,378
mainly Net result for the year (+€84,005) and Depreciation (+€3,861)
- Reserves +€84,005
up €84,005 (+30.8%), from €273,072 to €357,078
- Tax, wage and social debts -€12,603
down €12,603 (-66.2%), from €19,042 to €6,439
- Debts after one year -€10,381
down €10,381 (-11.3%), from €92,112 to €81,732
- Gross operating margin -€20,693
down €20,693 (-13.4%), from €153,922 to €133,229
- Taxes -€7,052
down €7,052 (-15.1%), from €46,718 to €39,666
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 | €424,233 | €487,993 | +€63,760 | +15.0% |
| Fixed assets | 21/28 | €165,676 | €161,815 | -€3,861 | -2.3% |
| Tangible fixed assets | 22/27 | €165,676 | €161,815 | -€3,861 | -2.3% |
| Land and buildings | 22 | €165,221 | €161,730 | -€3,491 | -2.1% |
| Plant, machinery and equipment | 23 | €244 | €85 | -€159 | -65.2% |
| Other tangible fixed assets | 26 | €211 | €0 | -€211 | -100.0% |
| Current assets | 29/58 | €258,557 | €326,178 | +€67,622 | +26.2% |
| Amounts receivable within one year | 40/41 | €233,922 | €233,050 | -€872 | -0.4% |
| Trade receivables | 40 | €52,714 | €11,746 | -€40,968 | -77.7% |
| Other amounts receivable | 41 | €181,208 | €221,304 | +€40,096 | +22.1% |
| Cash at bank and in hand | 54/58 | €24,635 | €92,378 | +€67,743 | +275.0% |
| Deferred charges and accrued income | 490/1 | - | €750 | +€750 | |
| Total equity and liabilities | 10/49 | €424,233 | €487,993 | +€63,760 | +15.0% |
| Equity | 10/15 | €273,272 | €357,278 | +€84,005 | +30.7% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €273,072 | €357,078 | +€84,005 | +30.8% |
| Distributable reserves | 133 | €273,072 | €357,078 | +€84,005 | +30.8% |
| Amounts payable | 17/49 | €150,961 | €130,716 | -€20,245 | -13.4% |
| Amounts payable after more than one year | 17 | €92,112 | €81,732 | -€10,381 | -11.3% |
| Financial debts | 170/4 | €92,112 | €81,732 | -€10,381 | -11.3% |
| Amounts payable within one year | 42/48 | €58,498 | €48,634 | -€9,864 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €10,186 | €10,381 | +€194 | +1.9% |
| Trade debts | 44 | €809 | €180 | -€629 | -77.7% |
| Suppliers | 440/4 | €809 | €180 | -€629 | -77.7% |
| Taxes, remuneration and social security | 45 | €19,042 | €6,439 | -€12,603 | -66.2% |
| Taxes | 450/3 | €19,042 | €6,439 | -€12,603 | -66.2% |
| Other amounts payable | 47/48 | €28,460 | €31,634 | +€3,173 | +11.1% |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,052 | €3,861 | -€190 | -4.7% |
| Other operating charges | 640/8 | €1,476 | €1,505 | +€29 | +2.0% |
| Gross operating margin | 9900 | €153,922 | €133,229 | -€20,693 | -13.4% |
| Operating profit (loss) | 9901 | €148,394 | €127,863 | -€20,532 | -13.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €4,537 | €4,193 | -€344 | -7.6% |
| Recurring financial charges | 65 | €4,537 | €4,193 | -€344 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €143,857 | €123,672 | -€20,185 | -14.0% |
| Income taxes | 67/77 | €46,718 | €39,666 | -€7,052 | -15.1% |
| Profit (loss) for the period | 9904 | €97,139 | €84,005 | -€13,134 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,139 | €84,005 | -€13,134 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.