PELE - MELE: 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.
PELE - MELE
Largest movements
- Cash -€164,382
down €164,382 (-58.5%), from €280,858 to €116,476
mainly Debts after one year (-€117,249) and Other debts (-€64,241)
- Tangible fixed assets -€75,637
down €75,637 (-10.5%), from €718,792 to €643,154
of which Land and buildings: -€61,299
- Receivables within one year +€20,763
up €20,763 (+53.6%), from €38,768 to €59,531
of which Trade receivables: +€19,541
- Debts after one year -€117,249
down €117,249 (-18.6%), from €628,846 to €511,598
- Other debts -€64,241
down €64,241 (-83.4%), from €77,033 to €12,792
- Contributions -€40,000
down €40,000 (-100%), from €40,000 to €0
- Current portion of long-term debt +€20,189
up €20,189 (+28.2%), from €71,562 to €91,751
- Investment grants -€15,843
down €15,843 (-8.3%), from €190,112 to €174,269
- Staff costs +€62,635
up €62,635 (+13.5%), from €465,265 to €527,899
- Gross operating margin +€37,592
up €37,592 (+6.0%), from €627,443 to €665,035
- Financial charges +€6,928
up €6,928 (+20.5%), from €33,777 to €40,705
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 | €1,208,640 | €994,131 | -€214,509 | -17.7% |
| Fixed assets | 21/28 | €737,038 | €661,401 | -€75,637 | -10.3% |
| Tangible fixed assets | 22/27 | €718,792 | €643,154 | -€75,637 | -10.5% |
| Land and buildings | 22 | €659,406 | €598,107 | -€61,299 | -9.3% |
| Furniture and vehicles | 24 | €59,385 | €45,047 | -€14,338 | -24.1% |
| Financial fixed assets | 28 | €18,246 | €18,246 | = | 0.0% |
| Current assets | 29/58 | €471,602 | €332,730 | -€138,872 | -29.4% |
| Stocks and contracts in progress | 3 | €151,402 | €156,397 | +€4,995 | +3.3% |
| Stocks | 30/36 | €151,402 | €156,397 | +€4,995 | +3.3% |
| Amounts receivable within one year | 40/41 | €38,768 | €59,531 | +€20,763 | +53.6% |
| Trade receivables | 40 | €10,699 | €30,240 | +€19,541 | +183% |
| Other amounts receivable | 41 | €28,069 | €29,292 | +€1,222 | +4.4% |
| Cash at bank and in hand | 54/58 | €280,858 | €116,476 | -€164,382 | -58.5% |
| Deferred charges and accrued income | 490/1 | €573 | €326 | -€248 | -43.2% |
| Total equity and liabilities | 10/49 | €1,208,640 | €994,131 | -€214,509 | -17.7% |
| Equity | 10/15 | €336,964 | €293,254 | -€43,711 | -13.0% |
| Contributions | 10/11 | €40,000 | €0 | -€40,000 | -100% |
| Reserves | 13 | €106,710 | €106,710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €0 | -€7,000 | -100% |
| Reserves not available under the articles | 1311 | €7,000 | €0 | -€7,000 | -100% |
| Distributable reserves | 133 | €99,710 | €106,710 | +€7,000 | +7.0% |
| Profit (loss) carried forward | 14 | €142 | €12,274 | +€12,132 | +8,549% |
| Investment grants | 15 | €190,112 | €174,269 | -€15,843 | -8.3% |
| Amounts payable | 17/49 | €871,676 | €700,877 | -€170,799 | -19.6% |
| Amounts payable after more than one year | 17 | €628,846 | €511,598 | -€117,249 | -18.6% |
| Financial debts | 170/4 | €628,846 | €511,598 | -€117,249 | -18.6% |
| Amounts payable within one year | 42/48 | €242,829 | €189,280 | -€53,550 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €71,562 | €91,751 | +€20,189 | +28.2% |
| Trade debts | 44 | €20,096 | €6,310 | -€13,786 | -68.6% |
| Suppliers | 440/4 | €20,096 | €6,310 | -€13,786 | -68.6% |
| Taxes, remuneration and social security | 45 | €74,137 | €78,426 | +€4,289 | +5.8% |
| Taxes | 450/3 | €13,354 | €15,662 | +€2,308 | +17.3% |
| Remuneration and social security | 454/9 | €60,783 | €62,765 | +€1,981 | +3.3% |
| Other amounts payable | 47/48 | €77,033 | €12,792 | -€64,241 | -83.4% |
| Remuneration, social security and pensions | 62 | €465,265 | €527,899 | +€62,635 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,743 | €93,738 | -€2,005 | -2.1% |
| Other operating charges | 640/8 | €2,067 | €1,508 | -€559 | -27.1% |
| Gross operating margin | 9900 | €627,443 | €665,035 | +€37,592 | +6.0% |
| Operating profit (loss) | 9901 | €64,368 | €41,890 | -€22,478 | -34.9% |
| Financial income | 75/76B | €15,944 | €15,946 | +€3 | 0.0% |
| Recurring financial income | 75 | €15,944 | €15,946 | +€3 | 0.0% |
| Financial charges | 65/66B | €33,777 | €40,705 | +€6,928 | +20.5% |
| Recurring financial charges | 65 | €33,777 | €40,705 | +€6,928 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €46,535 | €17,132 | -€29,403 | -63.2% |
| Income taxes | 67/77 | €4,450 | €5,000 | +€550 | +12.4% |
| Profit (loss) for the period | 9904 | €42,085 | €12,132 | -€29,953 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,085 | €12,132 | -€29,953 | -71.2% |
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 24 October 2026 via checked.be.