PELGRIMS IGNACE: 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.
PELGRIMS IGNACE
Largest movements
- Cash -€21,501
down €21,501 (-32.0%), from €67,171 to €45,670
mainly Contributions, distributions and other (-€70,442) and Debts after one year (-€14,371)
- Tangible fixed assets -€19,538
down €19,538 (-22.1%), from €88,568 to €69,030
of which Furniture and vehicles: -€18,763
- Reserves -€31,408
no longer reported in 2025 (was €31,408)
- Debts after one year -€14,371
down €14,371 (-26.7%), from €53,724 to €39,353
- Other debts +€6,437
up €6,437 (+13.0%), from €49,617 to €56,054
- Gross operating margin -€14,046
down €14,046 (-15.8%), from €88,830 to €74,784
- Taxes -€2,402
down €2,402 (-18.2%), from €13,200 to €10,798
- Financial income -€936
down €936 (-99.2%), from €944 to €8
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 | €180,132 | €139,506 | -€40,626 | -22.6% |
| Fixed assets | 21/28 | €88,568 | €69,030 | -€19,538 | -22.1% |
| Tangible fixed assets | 22/27 | €88,568 | €69,030 | -€19,538 | -22.1% |
| Plant, machinery and equipment | 23 | €3,872 | €1,834 | -€2,038 | -52.6% |
| Furniture and vehicles | 24 | €75,256 | €56,493 | -€18,763 | -24.9% |
| Other tangible fixed assets | 26 | €9,440 | €10,702 | +€1,263 | +13.4% |
| Current assets | 29/58 | €91,564 | €70,476 | -€21,089 | -23.0% |
| Amounts receivable within one year | 40/41 | €24,394 | €24,806 | +€412 | +1.7% |
| Trade receivables | 40 | €24,375 | €24,801 | +€426 | +1.7% |
| Other amounts receivable | 41 | €18 | €5 | -€14 | -74.7% |
| Cash at bank and in hand | 54/58 | €67,171 | €45,670 | -€21,501 | -32.0% |
| Total equity and liabilities | 10/49 | €180,132 | €139,506 | -€40,626 | -22.6% |
| Equity | 10/15 | €33,408 | €2,000 | -€31,408 | -94.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,408 | - | -€31,408 | |
| Distributable reserves | 133 | €31,408 | - | -€31,408 | |
| Amounts payable | 17/49 | €146,724 | €137,506 | -€9,218 | -6.3% |
| Amounts payable after more than one year | 17 | €53,724 | €39,353 | -€14,371 | -26.7% |
| Financial debts | 170/4 | €53,724 | €39,353 | -€14,371 | -26.7% |
| Amounts payable within one year | 42/48 | €92,710 | €98,152 | +€5,442 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €13,913 | €14,371 | +€458 | +3.3% |
| Trade debts | 44 | €3,086 | €1,779 | -€1,307 | -42.4% |
| Suppliers | 440/4 | €3,086 | €1,779 | -€1,307 | -42.4% |
| Taxes, remuneration and social security | 45 | €26,095 | €25,949 | -€146 | -0.6% |
| Taxes | 450/3 | €26,095 | €23,809 | -€2,285 | -8.8% |
| Remuneration and social security | 454/9 | - | €2,140 | +€2,140 | |
| Other amounts payable | 47/48 | €49,617 | €56,054 | +€6,437 | +13.0% |
| Accrued charges and deferred income | 492/3 | €289 | - | -€289 | |
| Non-recurring operating income | 76A | - | €1,678 | +€1,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,663 | €21,295 | -€368 | -1.7% |
| Other operating charges | 640/8 | €1,190 | €1,313 | +€124 | +10.4% |
| Gross operating margin | 9900 | €88,830 | €74,784 | -€14,046 | -15.8% |
| Operating profit (loss) | 9901 | €65,977 | €52,176 | -€13,802 | -20.9% |
| Financial income | 75/76B | €944 | €8 | -€936 | -99.2% |
| Recurring financial income | 75 | €944 | €8 | -€936 | -99.2% |
| Financial charges | 65/66B | €2,549 | €2,352 | -€197 | -7.7% |
| Recurring financial charges | 65 | €2,549 | €2,352 | -€197 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €64,373 | €49,832 | -€14,541 | -22.6% |
| Income taxes | 67/77 | €13,200 | €10,798 | -€2,402 | -18.2% |
| Profit (loss) for the period | 9904 | €51,173 | €39,034 | -€12,139 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,173 | €39,034 | -€12,139 | -23.7% |
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 17 October 2026 via checked.be.