PELAO: 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.
PELAO
Largest movements
- Cash -€13,476
down €13,476 (-69.3%), from €19,457 to €5,981
mainly Net result for the year (-€36,351) and Other debts (-€184)
- Tangible fixed assets -€9,603
down €9,603 (-30.2%), from €31,779 to €22,176
of which Furniture and vehicles: -€9,201
- Receivables within one year -€8,903
down €8,903 (-44.7%), from €19,897 to €10,994
of which Trade receivables: -€10,353
- Profit (loss) carried forward -€36,351
down €36,351, from €28,825 to -€7,526
- Trade debts +€4,303
up €4,303 (+81.4%), from €5,285 to €9,589
- Gross operating margin +€1,223
up €1,223 (+4.7%), from -€26,300 to -€25,077
- Financial charges +€1,132
up €1,132 (+1,707%), from €66 to €1,198
- Depreciation -€1,065
down €1,065 (-10.0%), from €10,668 to €9,603
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 | €76,134 | €44,183 | -€31,951 | -42.0% |
| Fixed assets | 21/28 | €31,779 | €22,176 | -€9,603 | -30.2% |
| Tangible fixed assets | 22/27 | €31,779 | €22,176 | -€9,603 | -30.2% |
| Plant, machinery and equipment | 23 | €1,300 | €899 | -€402 | -30.9% |
| Furniture and vehicles | 24 | €30,478 | €21,277 | -€9,201 | -30.2% |
| Current assets | 29/58 | €44,355 | €22,007 | -€22,348 | -50.4% |
| Amounts receivable within one year | 40/41 | €19,897 | €10,994 | -€8,903 | -44.7% |
| Trade receivables | 40 | €17,770 | €7,417 | -€10,353 | -58.3% |
| Other amounts receivable | 41 | €2,127 | €3,577 | +€1,450 | +68.2% |
| Cash at bank and in hand | 54/58 | €19,457 | €5,981 | -€13,476 | -69.3% |
| Deferred charges and accrued income | 490/1 | €5,001 | €5,032 | +€31 | +0.6% |
| Total equity and liabilities | 10/49 | €76,134 | €44,183 | -€31,951 | -42.0% |
| Equity | 10/15 | €69,793 | €33,442 | -€36,351 | -52.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,968 | €30,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €28,968 | €28,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,825 | -€7,526 | -€36,351 | |
| Amounts payable | 17/49 | €6,341 | €10,741 | +€4,400 | +69.4% |
| Amounts payable within one year | 42/48 | €6,341 | €10,741 | +€4,400 | +69.4% |
| Financial debts | 43 | - | €275 | +€275 | |
| Credit institutions | 430/8 | - | €275 | +€275 | |
| Trade debts | 44 | €5,285 | €9,589 | +€4,303 | +81.4% |
| Suppliers | 440/4 | €5,285 | €9,589 | +€4,303 | +81.4% |
| Taxes, remuneration and social security | 45 | €140 | €145 | +€5 | +3.6% |
| Taxes | 450/3 | €140 | €145 | +€5 | +3.6% |
| Other amounts payable | 47/48 | €916 | €732 | -€184 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,668 | €9,603 | -€1,065 | -10.0% |
| Other operating charges | 640/8 | €554 | €500 | -€54 | -9.8% |
| Gross operating margin | 9900 | -€26,300 | -€25,077 | +€1,223 | +4.7% |
| Operating profit (loss) | 9901 | -€37,522 | -€35,179 | +€2,342 | +6.2% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €66 | €1,198 | +€1,132 | +1,707% |
| Recurring financial charges | 65 | €66 | €1,198 | +€1,132 | +1,707% |
| Profit (loss) for the period before taxes | 9903 | -€37,588 | -€36,204 | +€1,383 | +3.7% |
| Income taxes | 67/77 | €383 | €146 | -€236 | -61.8% |
| Profit (loss) for the period | 9904 | -€37,970 | -€36,351 | +€1,620 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,970 | -€36,351 | +€1,620 | +4.3% |
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 19 October 2026 via checked.be.