PELEMAN PROPERTIES: 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.
What changed
PELEMAN PROPERTIES
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€851,345-€252,428
Equity
€8.8m
2024 · €9.9m-€1.1m
Cash
€240
2024 · €11,957-€11,717
Balance sheet total
€16.6m
2024 · €12.5m+€4.0m
Largest movements
Assets
- Intangible fixed assets +€7.9m
new in 2025: €7.9m
- Receivables after one year -€3.3m
no longer reported in 2025 (was €3.3m)
- Tangible fixed assets -€467,038
down €467,038 (-5.1%), from €9.1m to €8.6m
of which Plant, machinery and equipment: -€612,274
Equity and liabilities
- Debts after one year +€4.7m
up €4.7m (+3,088%), from €151,332 to €4.8m
of which Other amounts payable: +€4.5m
- Profit (loss) carried forward -€693,086
down €693,086 (-24.3%), from -€2.9m to -€3.5m
- Trade debts +€587,777
up €587,777 (+926%), from €63,448 to €651,225
- Reserves -€410,687
down €410,687 (-4.4%), from €9.4m to €8.9m
of which Tax-exempt reserves: -€410,687
Income statement
- Gross operating margin -€122,731
down €122,731 (-41.4%), from -€296,186 to -€418,917
- Financial income -€113,634
down €113,634 (-69.3%), from €163,901 to €50,268
- Depreciation +€93,993
up €93,993 (+15.2%), from €616,719 to €710,712
- Other operating charges -€62,087
down €62,087 (-60.7%), from €102,263 to €40,177
- Financial charges +€9,859
up €9,859 (+77.1%), from €12,794 to €22,653
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.
Result 2024
-€851,345
Gross operating margin
-€122,731
Staff costs
+€4,518
Depreciation
-€93,993
Other operating charges
+€62,087
Financial income
-€113,634
Financial charges
-€9,859
Taxes
+€33
Deferred taxes and other
+€21,151
Result 2025
-€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.4m
Investment
-€8.1m
Financing
+€4.7m
Cash 2024
€11,957
From operations (derived)
+€3.4m
Net result for the year
-€1.1m
Depreciation
+€710,712
Receivables after one year
+€3.3m
Smaller working-capital items
-€33,197
Provisions
-€99,463
Trade debts
+€587,777
Tax, wage and social debts
-€28,655
Investment (derived)
-€8.1m
Investment in fixed assets (net)
-€8.1m
Financing
+€4.7m
Debts after one year
+€4.7m
Current portion of long-term debt
+€38,904
Cash 2025
€240
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,514,563 | €16,563,783 | +€4.0m | +32.4% |
| Fixed assets | 21/28 | €9,079,677 | €16,463,530 | +€7.4m | +81.3% |
| Intangible fixed assets | 21 | - | €7,850,891 | +€7.9m | |
| Tangible fixed assets | 22/27 | €9,078,972 | €8,611,934 | -€467,038 | -5.1% |
| Plant, machinery and equipment | 23 | €8,628,796 | €8,016,522 | -€612,274 | -7.1% |
| Furniture and vehicles | 24 | €252,018 | €167,201 | -€84,817 | -33.7% |
| Leasing and similar rights | 25 | €186,964 | €428,211 | +€241,248 | +129% |
| Assets under construction and advance payments | 27 | €11,195 | - | -€11,195 | |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €3,434,886 | €100,253 | -€3.3m | -97.1% |
| Amounts receivable after more than one year | 29 | €3,337,188 | - | -€3.3m | |
| Other amounts receivable | 291 | €3,337,188 | - | -€3.3m | |
| Amounts receivable within one year | 40/41 | €75,746 | €91,605 | +€15,858 | +20.9% |
| Trade receivables | 40 | €41,746 | €91,605 | +€49,858 | +119% |
| Other amounts receivable | 41 | €34,000 | - | -€34,000 | |
| Cash at bank and in hand | 54/58 | €11,957 | €240 | -€11,717 | -98.0% |
| Deferred charges and accrued income | 490/1 | €9,994 | €8,408 | -€1,586 | -15.9% |
| Total equity and liabilities | 10/49 | €12,514,563 | €16,563,783 | +€4.0m | +32.4% |
| Equity | 10/15 | €9,903,190 | €8,799,417 | -€1.1m | -11.1% |
| Contributions | 10/11 | €3,400,000 | €3,400,000 | = | 0.0% |
| Capital | 10 | €3,400,000 | €3,400,000 | = | 0.0% |
| Issued capital | 100 | €3,400,000 | €3,400,000 | = | 0.0% |
| Reserves | 13 | €9,354,898 | €8,944,211 | -€410,687 | -4.4% |
| Non-distributable reserves | 130/1 | €50,752 | €50,752 | = | 0.0% |
| Legal reserve | 130 | €50,752 | €50,752 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,304,146 | €8,893,459 | -€410,687 | -4.4% |
| Profit (loss) carried forward | 14 | -€2,851,708 | -€3,544,794 | -€693,086 | -24.3% |
| Provisions and deferred taxes | 16 | €2,250,852 | €2,151,389 | -€99,463 | -4.4% |
| Deferred taxes | 168 | €2,250,852 | €2,151,389 | -€99,463 | -4.4% |
| Amounts payable | 17/49 | €360,521 | €5,612,976 | +€5.3m | +1,457% |
| Amounts payable after more than one year | 17 | €151,332 | €4,824,685 | +€4.7m | +3,088% |
| Financial debts | 170/4 | €151,332 | €301,957 | +€150,625 | +99.5% |
| Other amounts payable | 178/9 | - | €4,522,729 | +€4.5m | |
| Amounts payable within one year | 42/48 | €203,102 | €782,202 | +€579,100 | +285% |
| Current portion of amounts payable after more than one year | 42 | €33,701 | €72,606 | +€38,904 | +115% |
| Trade debts | 44 | €63,448 | €651,225 | +€587,777 | +926% |
| Suppliers | 440/4 | €63,448 | €651,225 | +€587,777 | +926% |
| Taxes, remuneration and social security | 45 | €87,025 | €58,370 | -€28,655 | -32.9% |
| Taxes | 450/3 | €83,253 | €54,907 | -€28,347 | -34.0% |
| Remuneration and social security | 454/9 | €3,772 | €3,464 | -€308 | -8.2% |
| Other amounts payable | 47/48 | €18,927 | - | -€18,927 | |
| Accrued charges and deferred income | 492/3 | €6,088 | €6,089 | +€2 | 0.0% |
| Non-recurring operating income | 76A | €4,000 | €1,162 | -€2,838 | -71.0% |
| Remuneration, social security and pensions | 62 | €65,185 | €60,666 | -€4,518 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616,719 | €710,712 | +€93,993 | +15.2% |
| Other operating charges | 640/8 | €102,263 | €40,177 | -€62,087 | -60.7% |
| Gross operating margin | 9900 | -€296,186 | -€418,917 | -€122,731 | -41.4% |
| Operating profit (loss) | 9901 | -€1,080,353 | -€1,230,472 | -€150,119 | -13.9% |
| Financial income | 75/76B | €163,901 | €50,268 | -€113,634 | -69.3% |
| Recurring financial income | 75 | €163,901 | €50,268 | -€113,634 | -69.3% |
| Financial charges | 65/66B | €12,794 | €22,653 | +€9,859 | +77.1% |
| Recurring financial charges | 65 | €12,794 | €22,653 | +€9,859 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | -€929,245 | -€1,202,857 | -€273,612 | -29.4% |
| Transfer from deferred taxes | 780 | €78,312 | €99,463 | +€21,151 | +27.0% |
| Income taxes | 67/77 | €412 | €379 | -€33 | -8.1% |
| Profit (loss) for the period | 9904 | -€851,345 | -€1,103,773 | -€252,428 | -29.7% |
| Transfer from tax-exempt reserves | 789 | €323,355 | €410,687 | +€87,332 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€527,990 | -€693,086 | -€165,096 | -31.3% |
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 26 October 2026 via checked.be.