PELAN: 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.
PELAN
Largest movements
- Tangible fixed assets -€43,473
down €43,473 (-22.0%), from €197,789 to €154,316
of which Furniture and vehicles: -€33,141
- Cash -€42,106
down €42,106 (-25.3%), from €166,694 to €124,588
mainly Contributions, distributions and other (-€207,000) and Other debts (-€44,085)
- Receivables within one year +€27,696
up €27,696 (+57.0%), from €48,606 to €76,301
of which Other amounts receivable: +€33,467
- Intangible fixed assets -€11,000
down €11,000 (-28.4%), from €38,726 to €27,726
- Reserves -€58,000
down €58,000 (-67.8%), from €85,500 to €27,500
- Other debts -€44,085
down €44,085 (-18.8%), from €234,449 to €190,364
- Tax, wage and social debts +€21,152
up €21,152 (+129.0%), from €16,392 to €37,544
of which Taxes: +€21,184
- Accrued charges and deferred income +€6,149
up €6,149 (+125.4%), from €4,904 to €11,053
- Depreciation +€7,934
up €7,934 (+13.5%), from €58,888 to €66,822
- Financial charges +€6,340
up €6,340 (+104.3%), from €6,079 to €12,419
- Gross operating margin +€6,246
up €6,246 (+2.2%), from €282,306 to €288,552
- Taxes -€4,757
down €4,757 (-9.2%), from €51,649 to €46,892
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 | €467,565 | €393,272 | -€74,292 | -15.9% |
| Fixed assets | 21/28 | €238,705 | €184,232 | -€54,473 | -22.8% |
| Intangible fixed assets | 21 | €38,726 | €27,726 | -€11,000 | -28.4% |
| Tangible fixed assets | 22/27 | €197,789 | €154,316 | -€43,473 | -22.0% |
| Land and buildings | 22 | €63,537 | €61,311 | -€2,226 | -3.5% |
| Plant, machinery and equipment | 23 | €25,298 | €17,192 | -€8,106 | -32.0% |
| Furniture and vehicles | 24 | €108,954 | €75,813 | -€33,141 | -30.4% |
| Financial fixed assets | 28 | €2,190 | €2,190 | = | 0.0% |
| Current assets | 29/58 | €228,860 | €209,041 | -€19,819 | -8.7% |
| Stocks and contracts in progress | 3 | €8,981 | €4,982 | -€3,998 | -44.5% |
| Stocks | 30/36 | €8,981 | €4,982 | -€3,998 | -44.5% |
| Amounts receivable within one year | 40/41 | €48,606 | €76,301 | +€27,696 | +57.0% |
| Trade receivables | 40 | €19,986 | €14,215 | -€5,771 | -28.9% |
| Other amounts receivable | 41 | €28,620 | €62,086 | +€33,467 | +116.9% |
| Cash at bank and in hand | 54/58 | €166,694 | €124,588 | -€42,106 | -25.3% |
| Deferred charges and accrued income | 490/1 | €4,580 | €3,170 | -€1,410 | -30.8% |
| Total equity and liabilities | 10/49 | €467,565 | €393,272 | -€74,292 | -15.9% |
| Equity | 10/15 | €106,342 | €48,148 | -€58,194 | -54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,500 | €27,500 | -€58,000 | -67.8% |
| Distributable reserves | 133 | €85,500 | €27,500 | -€58,000 | -67.8% |
| Profit (loss) carried forward | 14 | €2,242 | €2,048 | -€194 | -8.7% |
| Amounts payable | 17/49 | €361,223 | €345,125 | -€16,098 | -4.5% |
| Amounts payable after more than one year | 17 | €95,000 | €95,000 | = | 0.0% |
| Financial debts | 170/4 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €261,319 | €239,072 | -€22,247 | -8.5% |
| Trade debts | 44 | €10,478 | €11,164 | +€686 | +6.5% |
| Suppliers | 440/4 | €10,478 | €11,164 | +€686 | +6.5% |
| Taxes, remuneration and social security | 45 | €16,392 | €37,544 | +€21,152 | +129.0% |
| Taxes | 450/3 | €13,623 | €34,807 | +€21,184 | +155.5% |
| Remuneration and social security | 454/9 | €2,768 | €2,736 | -€32 | -1.2% |
| Other amounts payable | 47/48 | €234,449 | €190,364 | -€44,085 | -18.8% |
| Accrued charges and deferred income | 492/3 | €4,904 | €11,053 | +€6,149 | +125.4% |
| Remuneration, social security and pensions | 62 | €11,072 | €10,831 | -€241 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,888 | €66,822 | +€7,934 | +13.5% |
| Other operating charges | 640/8 | €3,645 | €2,835 | -€810 | -22.2% |
| Gross operating margin | 9900 | €282,306 | €288,552 | +€6,246 | +2.2% |
| Operating profit (loss) | 9901 | €208,700 | €208,064 | -€637 | -0.3% |
| Financial income | 75/76B | €14 | €53 | +€39 | +284.0% |
| Recurring financial income | 75 | €14 | €53 | +€39 | +284.0% |
| Financial charges | 65/66B | €6,079 | €12,419 | +€6,340 | +104.3% |
| Recurring financial charges | 65 | €6,079 | €12,419 | +€6,340 | +104.3% |
| Profit (loss) for the period before taxes | 9903 | €202,635 | €195,697 | -€6,938 | -3.4% |
| Income taxes | 67/77 | €51,649 | €46,892 | -€4,757 | -9.2% |
| Profit (loss) for the period | 9904 | €150,986 | €148,806 | -€2,180 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,986 | €148,806 | -€2,180 | -1.4% |
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.