PELEMAN: 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.
PELEMAN
Largest movements
- Cash -€64,247
down €64,247 (-65.8%), from €97,621 to €33,374
mainly Other debts (-€32,931) and Receivables within one year (-€21,481)
- Receivables within one year +€21,481
up €21,481 (+214%), from €10,043 to €31,524
of which Other amounts receivable: +€30,000
- Other debts -€32,931
down €32,931 (-76.7%), from €42,962 to €10,031
- Profit (loss) carried forward -€5,265
down €5,265 (-3.0%), from -€177,588 to -€182,853
- Tax, wage and social debts -€2,720
no longer reported in 2025 (was €2,720)
- Trade debts -€2,055
no longer reported in 2025 (was €2,055)
- Gross operating margin +€27,905
up €27,905 (+85.6%), from -€32,602 to -€4,696
- Other operating charges -€11,808
no longer reported in 2025 (was €11,808)
- Financial income -€5,080
no longer reported in 2025 (was €5,080)
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 | €107,868 | €64,898 | -€42,970 | -39.8% |
| Fixed assets | 21/28 | €205 | - | -€205 | |
| Tangible fixed assets | 22/27 | €205 | - | -€205 | |
| Plant, machinery and equipment | 23 | €205 | - | -€205 | |
| Current assets | 29/58 | €107,664 | €64,898 | -€42,766 | -39.7% |
| Amounts receivable within one year | 40/41 | €10,043 | €31,524 | +€21,481 | +214% |
| Trade receivables | 40 | €8,519 | - | -€8,519 | |
| Other amounts receivable | 41 | €1,524 | €31,524 | +€30,000 | +1,969% |
| Cash at bank and in hand | 54/58 | €97,621 | €33,374 | -€64,247 | -65.8% |
| Total equity and liabilities | 10/49 | €107,868 | €64,898 | -€42,970 | -39.8% |
| Equity | 10/15 | €60,132 | €54,867 | -€5,265 | -8.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €219,128 | €219,128 | = | 0.0% |
| Distributable reserves | 133 | €219,128 | €219,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,588 | -€182,853 | -€5,265 | -3.0% |
| Amounts payable | 17/49 | €47,737 | €10,031 | -€37,706 | -79.0% |
| Amounts payable within one year | 42/48 | €47,737 | €10,031 | -€37,706 | -79.0% |
| Trade debts | 44 | €2,055 | - | -€2,055 | |
| Suppliers | 440/4 | €2,055 | - | -€2,055 | |
| Taxes, remuneration and social security | 45 | €2,720 | - | -€2,720 | |
| Taxes | 450/3 | €2,720 | - | -€2,720 | |
| Other amounts payable | 47/48 | €42,962 | €10,031 | -€32,931 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €205 | -€111 | -35.1% |
| Other operating charges | 640/8 | €11,808 | - | -€11,808 | |
| Gross operating margin | 9900 | -€32,602 | -€4,696 | +€27,905 | +85.6% |
| Operating profit (loss) | 9901 | -€44,725 | -€4,901 | +€39,824 | +89.0% |
| Financial income | 75/76B | €5,080 | - | -€5,080 | |
| Recurring financial income | 75 | €5,080 | - | -€5,080 | |
| Financial charges | 65/66B | €358 | €364 | +€6 | +1.6% |
| Recurring financial charges | 65 | €358 | €364 | +€6 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,002 | -€5,265 | +€34,738 | +86.8% |
| Profit (loss) for the period | 9904 | -€40,002 | -€5,265 | +€34,738 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,002 | -€5,265 | +€34,738 | +86.8% |
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 16 October 2026 via checked.be.