PELEMAN: what changed
Two fiscal 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 +€15,803
up €15,803 (+34.3%), from €46,063 to €61,866
mainly Net result for the year (+€7,645) and Receivables within one year (+€7,112)
- Receivables within one year -€7,112
down €7,112 (-31.4%), from €22,635 to €15,523
of which Trade receivables: -€6,641
- Reserves +€7,645
up €7,645 (+44.9%), from €17,041 to €24,686
- Gross operating margin -€10,951
down €10,951 (-37.8%), from €28,993 to €18,042
- Taxes -€2,494
down €2,494 (-23.0%), from €10,836 to €8,341
- Depreciation -€687
no longer reported in 2025 (was €687)
- Other operating charges -€310
down €310 (-12.3%), from €2,527 to €2,217
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 | €70,735 | €79,428 | +€8,693 | +12.3% |
| Current assets | 29/58 | €70,735 | €79,428 | +€8,693 | +12.3% |
| Amounts receivable within one year | 40/41 | €22,635 | €15,523 | -€7,112 | -31.4% |
| Trade receivables | 40 | €20,615 | €13,974 | -€6,641 | -32.2% |
| Other amounts receivable | 41 | €2,020 | €1,549 | -€471 | -23.3% |
| Cash at bank and in hand | 54/58 | €46,063 | €61,866 | +€15,803 | +34.3% |
| Deferred charges and accrued income | 490/1 | €2,036 | €2,039 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €70,735 | €79,428 | +€8,693 | +12.3% |
| Equity | 10/15 | €50,560 | €58,205 | +€7,645 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,041 | €24,686 | +€7,645 | +44.9% |
| Distributable reserves | 133 | €17,041 | €24,686 | +€7,645 | +44.9% |
| Profit (loss) carried forward | 14 | €21,119 | €21,119 | = | 0.0% |
| Amounts payable | 17/49 | €20,175 | €21,223 | +€1,048 | +5.2% |
| Amounts payable within one year | 42/48 | €20,175 | €21,223 | +€1,048 | +5.2% |
| Trade debts | 44 | - | €408 | +€408 | |
| Suppliers | 440/4 | - | €408 | +€408 | |
| Taxes, remuneration and social security | 45 | €20,175 | €20,815 | +€640 | +3.2% |
| Taxes | 450/3 | €20,175 | €20,815 | +€640 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | - | -€687 | |
| Other operating charges | 640/8 | €2,527 | €2,217 | -€310 | -12.3% |
| Gross operating margin | 9900 | €28,993 | €18,042 | -€10,951 | -37.8% |
| Operating profit (loss) | 9901 | €25,780 | €15,826 | -€9,954 | -38.6% |
| Financial income | 75/76B | €280 | €214 | -€66 | -23.7% |
| Recurring financial income | 75 | €280 | €214 | -€66 | -23.7% |
| Financial charges | 65/66B | €43 | €53 | +€10 | +22.4% |
| Recurring financial charges | 65 | €43 | €53 | +€10 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €26,017 | €15,986 | -€10,030 | -38.6% |
| Income taxes | 67/77 | €10,836 | €8,341 | -€2,494 | -23.0% |
| Profit (loss) for the period | 9904 | €15,181 | €7,645 | -€7,536 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,181 | €7,645 | -€7,536 | -49.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.