PELC: 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.
PELC
Largest movements
- Tangible fixed assets -€14,332
down €14,332 (-2.0%), from €718,529 to €704,198
of which Land and buildings: -€17,732
- Cash -€8,845
down €8,845 (-79.9%), from €11,064 to €2,220
mainly Debts after one year (-€81,637) and Investment in fixed assets (net) (-€3,400)
- Debts after one year -€81,637
down €81,637 (-22.8%), from €358,682 to €277,045
- Other debts +€57,790
up €57,790 (+21.9%), from €263,652 to €321,443
- Gross operating margin +€3,755
up €3,755 (+12.6%), from €29,920 to €33,675
- Financial charges +€1,246
up €1,246 (+11.2%), from €11,157 to €12,403
- Other operating charges -€359
down €359 (-15.0%), from €2,395 to €2,037
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 | €731,280 | €708,822 | -€22,458 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €718,529 | €704,198 | -€14,332 | -2.0% |
| Tangible fixed assets | 22/27 | €718,529 | €704,198 | -€14,332 | -2.0% |
| Land and buildings | 22 | €718,529 | €700,798 | -€17,732 | -2.5% |
| Furniture and vehicles | 24 | - | €3,400 | +€3,400 | |
| Current assets | 29/58 | €12,751 | €4,625 | -€8,126 | -63.7% |
| Amounts receivable within one year | 40/41 | €1,687 | €2,405 | +€718 | +42.6% |
| Trade receivables | 40 | €1,200 | €1,200 | = | 0.0% |
| Other amounts receivable | 41 | €487 | €1,205 | +€718 | +147.6% |
| Cash at bank and in hand | 54/58 | €11,064 | €2,220 | -€8,845 | -79.9% |
| Total equity and liabilities | 10/49 | €731,280 | €708,822 | -€22,458 | -3.1% |
| Equity | 10/15 | €68,885 | €70,389 | +€1,504 | +2.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,115 | €389 | +€1,504 | |
| Amounts payable | 17/49 | €662,395 | €638,433 | -€23,962 | -3.6% |
| Amounts payable after more than one year | 17 | €358,682 | €277,045 | -€81,637 | -22.8% |
| Financial debts | 170/4 | €358,682 | €277,045 | -€81,637 | -22.8% |
| Amounts payable within one year | 42/48 | €303,713 | €361,388 | +€57,675 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €38,000 | €38,000 | = | 0.0% |
| Trade debts | 44 | €373 | €482 | +€109 | +29.2% |
| Suppliers | 440/4 | €373 | €482 | +€109 | +29.2% |
| Taxes, remuneration and social security | 45 | €1,688 | €1,463 | -€225 | -13.3% |
| Taxes | 450/3 | €1,688 | €1,463 | -€225 | -13.3% |
| Other amounts payable | 47/48 | €263,652 | €321,443 | +€57,790 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,732 | €17,732 | = | 0.0% |
| Other operating charges | 640/8 | €2,395 | €2,037 | -€359 | -15.0% |
| Gross operating margin | 9900 | €29,920 | €33,675 | +€3,755 | +12.6% |
| Operating profit (loss) | 9901 | €9,793 | €13,907 | +€4,114 | +42.0% |
| Financial charges | 65/66B | €11,157 | €12,403 | +€1,246 | +11.2% |
| Recurring financial charges | 65 | €11,157 | €12,403 | +€1,246 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,364 | €1,504 | +€2,868 | |
| Income taxes | 67/77 | €91 | - | -€91 | |
| Profit (loss) for the period | 9904 | -€1,455 | €1,504 | +€2,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,455 | €1,504 | +€2,958 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.