Pelcopimmo: 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.
Pelcopimmo
Largest movements
- Cash +€34,158
up €34,158 (+42.9%), from €79,550 to €113,708
mainly Depreciation (+€26,994) and Debts after one year (+€10,500)
- Tangible fixed assets -€26,994
down €26,994 (-8.3%), from €323,462 to €296,468
- Debts after one year +€10,500
up €10,500 (+5.9%), from €177,000 to €187,500
- Write-downs -€10,557
no longer reported in 2025 (was €10,557)
- Financial charges -€878
down €878 (-6.1%), from €14,276 to €13,399
- Gross operating margin -€654
down €654 (-1.5%), from €43,106 to €42,452
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 | €470,310 | €477,199 | +€6,888 | +1.5% |
| Fixed assets | 21/28 | €323,462 | €296,468 | -€26,994 | -8.3% |
| Tangible fixed assets | 22/27 | €323,462 | €296,468 | -€26,994 | -8.3% |
| Land and buildings | 22 | €323,462 | €296,468 | -€26,994 | -8.3% |
| Current assets | 29/58 | €146,848 | €180,730 | +€33,882 | +23.1% |
| Amounts receivable within one year | 40/41 | €193 | €243 | +€50 | +25.7% |
| Trade receivables | 40 | €54 | €127 | +€73 | +135% |
| Other amounts receivable | 41 | €139 | €116 | -€23 | -16.9% |
| Current investments | 50/53 | €64,251 | €64,516 | +€265 | +0.4% |
| Cash at bank and in hand | 54/58 | €79,550 | €113,708 | +€34,158 | +42.9% |
| Deferred charges and accrued income | 490/1 | €2,854 | €2,264 | -€590 | -20.7% |
| Total equity and liabilities | 10/49 | €470,310 | €477,199 | +€6,888 | +1.5% |
| Equity | 10/15 | €276,964 | €274,397 | -€2,566 | -0.9% |
| Contributions | 10/11 | €233,020 | €233,020 | = | 0.0% |
| Capital | 10 | €233,020 | €233,020 | = | 0.0% |
| Issued capital | 100 | €233,020 | €233,020 | = | 0.0% |
| Reserves | 13 | €43,944 | €41,377 | -€2,566 | -5.8% |
| Non-distributable reserves | 130/1 | €23,302 | €23,302 | = | 0.0% |
| Legal reserve | 130 | €23,302 | €23,302 | = | 0.0% |
| Distributable reserves | 133 | €20,642 | €18,075 | -€2,566 | -12.4% |
| Amounts payable | 17/49 | €193,347 | €202,802 | +€9,455 | +4.9% |
| Amounts payable after more than one year | 17 | €177,000 | €187,500 | +€10,500 | +5.9% |
| Financial debts | 170/4 | €177,000 | €187,500 | +€10,500 | +5.9% |
| Amounts payable within one year | 42/48 | €15,291 | €14,196 | -€1,095 | -7.2% |
| Taxes, remuneration and social security | 45 | €4,543 | €4,004 | -€539 | -11.9% |
| Taxes | 450/3 | €4,543 | €4,004 | -€539 | -11.9% |
| Other amounts payable | 47/48 | €10,749 | €10,192 | -€557 | -5.2% |
| Accrued charges and deferred income | 492/3 | €1,055 | €1,105 | +€50 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,797 | €26,994 | +€197 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,557 | - | -€10,557 | |
| Other operating charges | 640/8 | €4,746 | €5,011 | +€265 | +5.6% |
| Gross operating margin | 9900 | €43,106 | €42,452 | -€654 | -1.5% |
| Operating profit (loss) | 9901 | €1,007 | €10,447 | +€9,440 | +938% |
| Financial income | 75/76B | €423 | €385 | -€38 | -9.0% |
| Recurring financial income | 75 | €423 | €385 | -€38 | -9.0% |
| Financial charges | 65/66B | €14,276 | €13,399 | -€878 | -6.1% |
| Recurring financial charges | 65 | €14,276 | €13,399 | -€878 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,846 | -€2,566 | +€10,280 | +80.0% |
| Income taxes | 67/77 | -€74 | - | +€74 | |
| Profit (loss) for the period | 9904 | -€12,772 | -€2,566 | +€10,206 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,772 | -€2,566 | +€10,206 | +79.9% |
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 14 October 2026 via checked.be.