PELEKAN: what changed
PELEKAN
Largest movements
- Tangible fixed assets +€132,276
up €132,276 (+41.6%), from €317,757 to €450,033
of which Land and buildings: +€308,987
- Cash -€45,092
down €45,092 (-34.2%), from €131,718 to €86,626
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€139,946)
- Receivables within one year +€17,177
up €17,177 (+45.3%), from €37,928 to €55,106
of which Trade receivables: +€18,420
- Other debts +€171,682
up €171,682 (+28,127%), from €610 to €172,292
- Profit (loss) carried forward -€95,397
down €95,397 (-47.4%), from €201,100 to €105,703
- Debts after one year +€21,914
up €21,914 (+8.6%), from €255,909 to €277,823
- Current portion of long-term debt +€8,255
up €8,255 (+162%), from €5,085 to €13,340
- Gross operating margin +€26,016
up €26,016 (+21.1%), from €123,336 to €149,352
- Taxes +€6,234
up €6,234 (+25.5%), from €24,451 to €30,685
- Financial income -€2,895
down €2,895 (-80.4%), from €3,600 to €705
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,716 | €595,681 | +€103,965 | +21.1% |
| Fixed assets | 21/28 | €317,757 | €450,033 | +€132,276 | +41.6% |
| Tangible fixed assets | 22/27 | €317,757 | €450,033 | +€132,276 | +41.6% |
| Land and buildings | 22 | €133,163 | €442,149 | +€308,987 | +232% |
| Furniture and vehicles | 24 | €12,937 | €6,274 | -€6,662 | -51.5% |
| Other tangible fixed assets | 26 | €2,618 | €1,610 | -€1,008 | -38.5% |
| Assets under construction and advance payments | 27 | €169,040 | €0 | -€169,040 | -100% |
| Current assets | 29/58 | €173,959 | €145,649 | -€28,310 | -16.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,928 | €55,106 | +€17,177 | +45.3% |
| Trade receivables | 40 | €36,685 | €55,106 | +€18,420 | +50.2% |
| Other amounts receivable | 41 | €1,243 | €0 | -€1,243 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €131,718 | €86,626 | -€45,092 | -34.2% |
| Deferred charges and accrued income | 490/1 | €4,312 | €3,917 | -€396 | -9.2% |
| Total equity and liabilities | 10/49 | €491,716 | €595,681 | +€103,965 | +21.1% |
| Equity | 10/15 | €204,100 | €108,703 | -€95,397 | -46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,100 | €105,703 | -€95,397 | -47.4% |
| Amounts payable | 17/49 | €287,616 | €486,979 | +€199,362 | +69.3% |
| Amounts payable after more than one year | 17 | €255,909 | €277,823 | +€21,914 | +8.6% |
| Financial debts | 170/4 | €255,909 | €277,823 | +€21,914 | +8.6% |
| Amounts payable within one year | 42/48 | €31,708 | €209,156 | +€177,448 | +560% |
| Current portion of amounts payable after more than one year | 42 | €5,085 | €13,340 | +€8,255 | +162% |
| Trade debts | 44 | €3,655 | €3,162 | -€493 | -13.5% |
| Suppliers | 440/4 | €3,655 | €3,162 | -€493 | -13.5% |
| Taxes, remuneration and social security | 45 | €22,357 | €20,362 | -€1,995 | -8.9% |
| Taxes | 450/3 | €22,357 | €20,362 | -€1,995 | -8.9% |
| Other amounts payable | 47/48 | €610 | €172,292 | +€171,682 | +28,127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €7,671 | +€175 | +2.3% |
| Other operating charges | 640/8 | €1,280 | €1,116 | -€164 | -12.8% |
| Gross operating margin | 9900 | €123,336 | €149,352 | +€26,016 | +21.1% |
| Operating profit (loss) | 9901 | €114,561 | €140,566 | +€26,005 | +22.7% |
| Financial income | 75/76B | €3,600 | €705 | -€2,895 | -80.4% |
| Recurring financial income | 75 | €3,600 | €705 | -€2,895 | -80.4% |
| Financial charges | 65/66B | €5,799 | €5,983 | +€184 | +3.2% |
| Recurring financial charges | 65 | €5,799 | €5,983 | +€184 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €112,362 | €135,288 | +€22,926 | +20.4% |
| Income taxes | 67/77 | €24,451 | €30,685 | +€6,234 | +25.5% |
| Profit (loss) for the period | 9904 | €87,911 | €104,603 | +€16,692 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,911 | €104,603 | +€16,692 | +19.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.