PeLaCon: 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.
PeLaCon
Largest movements
- Cash +€226,242
up €226,242 (+302.6%), from €74,766 to €301,009
mainly Current investments (+€200,000) and Net result for the year (+€63,142)
- Current investments -€200,000
down €200,000 (-57.1%), from €350,000 to €150,000
- Tangible fixed assets +€45,203
new in 2025: €45,203
- Receivables within one year -€11,526
down €11,526 (-69.7%), from €16,536 to €5,011
of which Trade receivables: -€14,442
- Reserves +€62,309
up €62,309 (+15.7%), from €398,079 to €460,388
of which Distributable reserves: +€62,309
- Gross operating margin +€11,975
up €11,975 (+16.9%), from €70,695 to €82,670
- Depreciation -€7,795
down €7,795 (-69.6%), from €11,198 to €3,403
- Taxes +€7,074
up €7,074 (+50.0%), from €14,151 to €21,224
- Financial income -€2,688
down €2,688 (-21.9%), from €12,299 to €9,611
- Other operating charges -€935
down €935 (-22.9%), from €4,080 to €3,145
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 | €441,899 | €501,676 | +€59,778 | +13.5% |
| Fixed assets | 21/28 | - | €45,203 | +€45,203 | |
| Tangible fixed assets | 22/27 | - | €45,203 | +€45,203 | |
| Furniture and vehicles | 24 | - | €45,203 | +€45,203 | |
| Current assets | 29/58 | €441,899 | €456,473 | +€14,575 | +3.3% |
| Amounts receivable within one year | 40/41 | €16,536 | €5,011 | -€11,526 | -69.7% |
| Trade receivables | 40 | €14,442 | - | -€14,442 | |
| Other amounts receivable | 41 | €2,095 | €5,011 | +€2,916 | +139.2% |
| Current investments | 50/53 | €350,000 | €150,000 | -€200,000 | -57.1% |
| Cash at bank and in hand | 54/58 | €74,766 | €301,009 | +€226,242 | +302.6% |
| Deferred charges and accrued income | 490/1 | €596 | €454 | -€142 | -23.8% |
| Total equity and liabilities | 10/49 | €441,899 | €501,676 | +€59,778 | +13.5% |
| Equity | 10/15 | €436,067 | €498,377 | +€62,309 | +14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €398,079 | €460,388 | +€62,309 | +15.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €396,219 | €458,528 | +€62,309 | +15.7% |
| Profit (loss) carried forward | 14 | €25,588 | €25,588 | = | 0.0% |
| Amounts payable | 17/49 | €5,831 | €3,300 | -€2,531 | -43.4% |
| Amounts payable within one year | 42/48 | €5,831 | €3,300 | -€2,531 | -43.4% |
| Trade debts | 44 | €245 | €302 | +€58 | +23.6% |
| Suppliers | 440/4 | €245 | €302 | +€58 | +23.6% |
| Taxes, remuneration and social security | 45 | €3,317 | €266 | -€3,051 | -92.0% |
| Taxes | 450/3 | €3,317 | €266 | -€3,051 | -92.0% |
| Other amounts payable | 47/48 | €2,269 | €2,731 | +€462 | +20.3% |
| Non-recurring operating income | 76A | - | €15,700 | +€15,700 | |
| Remuneration, social security and pensions | 62 | €387 | €1,130 | +€742 | +191.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,198 | €3,403 | -€7,795 | -69.6% |
| Other operating charges | 640/8 | €4,080 | €3,145 | -€935 | -22.9% |
| Gross operating margin | 9900 | €70,695 | €82,670 | +€11,975 | +16.9% |
| Operating profit (loss) | 9901 | €55,030 | €74,992 | +€19,962 | +36.3% |
| Financial income | 75/76B | €12,299 | €9,611 | -€2,688 | -21.9% |
| Recurring financial income | 75 | €12,299 | €9,611 | -€2,688 | -21.9% |
| Financial charges | 65/66B | -€183 | €237 | +€420 | |
| Recurring financial charges | 65 | -€183 | €237 | +€420 | |
| Profit (loss) for the period before taxes | 9903 | €67,511 | €84,366 | +€16,855 | +25.0% |
| Income taxes | 67/77 | €14,151 | €21,224 | +€7,074 | +50.0% |
| Profit (loss) for the period | 9904 | €53,361 | €63,142 | +€9,781 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,361 | €63,142 | +€9,781 | +18.3% |
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 4 October 2026 via checked.be.