PELGRIMS: 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.
PELGRIMS
Largest movements
- Cash +€80,058
up €80,058 (+15.7%), from €510,150 to €590,208
mainly Net result for the year (+€79,073) and Other debts (+€38,902)
- Tangible fixed assets -€7,356
down €7,356 (-12.3%), from €60,032 to €52,677
of which Furniture and vehicles: -€7,739
- Other debts +€38,902
up €38,902 (+45.2%), from €85,977 to €124,879
- Reserves +€30,196
up €30,196 (+6.6%), from €459,255 to €489,450
- Tax, wage and social debts +€6,691
up €6,691 (+228.2%), from €2,932 to €9,623
of which Taxes: +€7,554
- Gross operating margin +€63,690
up €63,690 (+96.0%), from €66,326 to €130,016
- Taxes +€12,736
up €12,736 (+61.9%), from €20,572 to €33,308
- Financial income -€11,991
down €11,991 (-100.0%), from €11,991 to €0
of which Non-recurring financial income: -€11,981
- Depreciation +€9,938
up €9,938 (+158.0%), from €6,290 to €16,228
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 | €572,769 | €645,448 | +€72,680 | +12.7% |
| Fixed assets | 21/28 | €61,032 | €53,677 | -€7,356 | -12.1% |
| Tangible fixed assets | 22/27 | €60,032 | €52,677 | -€7,356 | -12.3% |
| Plant, machinery and equipment | 23 | €10,456 | €10,640 | +€185 | +1.8% |
| Furniture and vehicles | 24 | €45,330 | €37,591 | -€7,739 | -17.1% |
| Other tangible fixed assets | 26 | €4,247 | €4,446 | +€199 | +4.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €511,737 | €591,772 | +€80,035 | +15.6% |
| Amounts receivable within one year | 40/41 | €54 | - | -€54 | |
| Trade receivables | 40 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €510,150 | €590,208 | +€80,058 | +15.7% |
| Deferred charges and accrued income | 490/1 | €1,532 | €1,564 | +€32 | +2.1% |
| Total equity and liabilities | 10/49 | €572,769 | €645,448 | +€72,680 | +12.7% |
| Equity | 10/15 | €477,855 | €508,050 | +€30,196 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €459,255 | €489,450 | +€30,196 | +6.6% |
| Distributable reserves | 133 | €459,255 | €489,450 | +€30,196 | +6.6% |
| Amounts payable | 17/49 | €94,914 | €137,398 | +€42,484 | +44.8% |
| Amounts payable within one year | 42/48 | €94,914 | €137,398 | +€42,484 | +44.8% |
| Trade debts | 44 | €6,005 | €2,896 | -€3,109 | -51.8% |
| Suppliers | 440/4 | €6,005 | €2,896 | -€3,109 | -51.8% |
| Taxes, remuneration and social security | 45 | €2,932 | €9,623 | +€6,691 | +228.2% |
| Taxes | 450/3 | €1,326 | €8,879 | +€7,554 | +569.7% |
| Remuneration and social security | 454/9 | €1,606 | €744 | -€863 | -53.7% |
| Other amounts payable | 47/48 | €85,977 | €124,879 | +€38,902 | +45.2% |
| Remuneration, social security and pensions | 62 | €193 | €201 | +€8 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,290 | €16,228 | +€9,938 | +158.0% |
| Other operating charges | 640/8 | €704 | €962 | +€258 | +36.7% |
| Gross operating margin | 9900 | €66,326 | €130,016 | +€63,690 | +96.0% |
| Operating profit (loss) | 9901 | €59,139 | €112,624 | +€53,485 | +90.4% |
| Financial income | 75/76B | €11,991 | €0 | -€11,991 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Non-recurring financial income | 76B | €11,981 | - | -€11,981 | |
| Financial charges | 65/66B | €71 | €244 | +€172 | +241.8% |
| Recurring financial charges | 65 | €71 | €244 | +€172 | +241.8% |
| Profit (loss) for the period before taxes | 9903 | €71,059 | €112,380 | +€41,322 | +58.2% |
| Income taxes | 67/77 | €20,572 | €33,308 | +€12,736 | +61.9% |
| Profit (loss) for the period | 9904 | €50,487 | €79,073 | +€28,586 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,487 | €79,073 | +€28,586 | +56.6% |
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 6 October 2026 via checked.be.