Pelgrims Vastgoed: what changed
Pelgrims Vastgoed
Largest movements
- Current investments +€544,996
up €544,996 (+721%), from €75,569 to €620,565
- Tangible fixed assets +€312,685
up €312,685 (+47.9%), from €652,845 to €965,530
of which Land and buildings: +€315,060
- Cash -€295,202
down €295,202 (-57.0%), from €517,594 to €222,393
mainly Current investments (-€544,996) and Investment in fixed assets (net) (-€347,545)
- Receivables within one year +€27,360
up €27,360 (+55.5%), from €49,331 to €76,691
of which Other amounts receivable: +€27,360
- Debts after one year +€314,333
up €314,333 (+78.2%), from €402,000 to €716,334
- Reserves +€258,221
up €258,221 (+38.0%), from €679,777 to €937,998
of which Distributable reserves: +€258,221
- Gross operating margin +€221,831
up €221,831 (+106%), from €210,204 to €432,035
- Taxes +€53,516
up €53,516 (+106%), from €50,351 to €103,867
- Other operating charges +€17,982
up €17,982 (+576%), from €3,121 to €21,103
- Financial charges +€6,006
up €6,006 (+64.9%), from €9,254 to €15,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,296,970 | €1,886,528 | +€589,557 | +45.5% |
| Fixed assets | 21/28 | €653,145 | €966,130 | +€312,985 | +47.9% |
| Tangible fixed assets | 22/27 | €652,845 | €965,530 | +€312,685 | +47.9% |
| Land and buildings | 22 | €648,023 | €963,083 | +€315,060 | +48.6% |
| Furniture and vehicles | 24 | €4,822 | €2,447 | -€2,375 | -49.3% |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100% |
| Current assets | 29/58 | €643,825 | €920,398 | +€276,573 | +43.0% |
| Amounts receivable within one year | 40/41 | €49,331 | €76,691 | +€27,360 | +55.5% |
| Trade receivables | 40 | €36,300 | €36,300 | = | 0.0% |
| Other amounts receivable | 41 | €13,031 | €40,391 | +€27,360 | +210% |
| Current investments | 50/53 | €75,569 | €620,565 | +€544,996 | +721% |
| Cash at bank and in hand | 54/58 | €517,594 | €222,393 | -€295,202 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,332 | €750 | -€582 | -43.7% |
| Total equity and liabilities | 10/49 | €1,296,970 | €1,886,528 | +€589,557 | +45.5% |
| Equity | 10/15 | €685,977 | €944,198 | +€258,221 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €679,777 | €937,998 | +€258,221 | +38.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €679,777 | €937,998 | +€258,221 | +38.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €610,993 | €942,330 | +€331,337 | +54.2% |
| Amounts payable after more than one year | 17 | €402,000 | €716,334 | +€314,333 | +78.2% |
| Financial debts | 170/4 | €402,000 | €716,334 | +€314,333 | +78.2% |
| Amounts payable within one year | 42/48 | €208,993 | €225,996 | +€17,003 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €35,667 | €35,667 | = | 0.0% |
| Trade debts | 44 | €1,880 | €1,527 | -€354 | -18.8% |
| Suppliers | 440/4 | €1,880 | €1,527 | -€354 | -18.8% |
| Taxes, remuneration and social security | 45 | €25,002 | €42,359 | +€17,357 | +69.4% |
| Taxes | 450/3 | €25,002 | €42,359 | +€17,357 | +69.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €146,444 | €146,444 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,569 | €34,560 | -€9 | 0.0% |
| Other operating charges | 640/8 | €3,121 | €21,103 | +€17,982 | +576% |
| Gross operating margin | 9900 | €210,204 | €432,035 | +€221,831 | +106% |
| Operating profit (loss) | 9901 | €172,514 | €376,372 | +€203,858 | +118% |
| Financial income | 75/76B | €4,332 | €976 | -€3,356 | -77.5% |
| Recurring financial income | 75 | €4,332 | €976 | -€3,356 | -77.5% |
| Financial charges | 65/66B | €9,254 | €15,260 | +€6,006 | +64.9% |
| Recurring financial charges | 65 | €9,254 | €15,260 | +€6,006 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €167,592 | €362,088 | +€194,496 | +116% |
| Income taxes | 67/77 | €50,351 | €103,867 | +€53,516 | +106% |
| Profit (loss) for the period | 9904 | €117,241 | €258,221 | +€140,980 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €117,241 | €258,221 | +€140,980 | +120% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.