PELI CONSTRUCT: 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.
PELI CONSTRUCT
Largest movements
- Stocks and contracts -€71,717
down €71,717 (-66.7%), from €107,575 to €35,858
- Cash +€28,437
up €28,437 (+88.2%), from €32,224 to €60,661
mainly Stocks and contracts (+€71,717) and Other debts (+€57,749)
- Receivables within one year -€9,609
down €9,609 (-100.0%), from €9,609 to €0
of which Trade receivables: -€6,642
- Tangible fixed assets -€9,141
down €9,141 (-7.3%), from €126,016 to €116,875
of which Land and buildings: -€7,500
- Reserves -€64,916
down €64,916 (-74.3%), from €87,413 to €22,497
- Other debts +€57,749
up €57,749 (+49.2%), from €117,432 to €175,182
- Profit (loss) carried forward -€43,695
down €43,695 (-387.3%), from -€11,281 to -€54,976
- Trade debts -€5,859
down €5,859 (-57.5%), from €10,193 to €4,333
- Tax, wage and social debts -€5,521
down €5,521 (-45.7%), from €12,073 to €6,552
of which Remuneration and social security: -€3,247
- Gross operating margin -€34,240
down €34,240 (-60.8%), from €56,342 to €22,102
- Staff costs -€5,666
down €5,666 (-10.7%), from €52,889 to €47,222
- Depreciation -€5,378
down €5,378 (-37.0%), from €14,519 to €9,141
- Financial income -€1,893
down €1,893 (-88.9%), from €2,129 to €236
- Other operating charges +€748
up €748 (+9.6%), from €7,801 to €8,549
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 | €279,912 | €216,387 | -€63,525 | -22.7% |
| Fixed assets | 21/28 | €126,016 | €116,875 | -€9,141 | -7.3% |
| Tangible fixed assets | 22/27 | €126,016 | €116,875 | -€9,141 | -7.3% |
| Land and buildings | 22 | €124,375 | €116,875 | -€7,500 | -6.0% |
| Plant, machinery and equipment | 23 | €233 | €0 | -€233 | -100.0% |
| Furniture and vehicles | 24 | €1,408 | €0 | -€1,408 | -100.0% |
| Current assets | 29/58 | €153,896 | €99,512 | -€54,384 | -35.3% |
| Stocks and contracts in progress | 3 | €107,575 | €35,858 | -€71,717 | -66.7% |
| Stocks | 30/36 | €107,575 | €35,858 | -€71,717 | -66.7% |
| Amounts receivable within one year | 40/41 | €9,609 | €0 | -€9,609 | -100.0% |
| Trade receivables | 40 | €6,642 | €0 | -€6,642 | -100.0% |
| Other amounts receivable | 41 | €2,967 | €0 | -€2,967 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,224 | €60,661 | +€28,437 | +88.2% |
| Deferred charges and accrued income | 490/1 | €4,488 | €2,993 | -€1,495 | -33.3% |
| Total equity and liabilities | 10/49 | €279,912 | €216,387 | -€63,525 | -22.7% |
| Equity | 10/15 | €138,932 | €30,321 | -€108,612 | -78.2% |
| Contributions | 10/11 | €62,800 | €62,800 | = | 0.0% |
| Reserves | 13 | €87,413 | €22,497 | -€64,916 | -74.3% |
| Distributable reserves | 133 | €87,413 | €22,497 | -€64,916 | -74.3% |
| Profit (loss) carried forward | 14 | -€11,281 | -€54,976 | -€43,695 | -387.3% |
| Amounts payable | 17/49 | €140,980 | €186,067 | +€45,087 | +32.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €140,980 | €186,067 | +€45,087 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €1,282 | €0 | -€1,282 | -100.0% |
| Trade debts | 44 | €10,193 | €4,333 | -€5,859 | -57.5% |
| Suppliers | 440/4 | €10,193 | €4,333 | -€5,859 | -57.5% |
| Taxes, remuneration and social security | 45 | €12,073 | €6,552 | -€5,521 | -45.7% |
| Taxes | 450/3 | €8,826 | €6,552 | -€2,274 | -25.8% |
| Remuneration and social security | 454/9 | €3,247 | €0 | -€3,247 | -100.0% |
| Other amounts payable | 47/48 | €117,432 | €175,182 | +€57,749 | +49.2% |
| Remuneration, social security and pensions | 62 | €52,889 | €47,222 | -€5,666 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,519 | €9,141 | -€5,378 | -37.0% |
| Other operating charges | 640/8 | €7,801 | €8,549 | +€748 | +9.6% |
| Gross operating margin | 9900 | €56,342 | €22,102 | -€34,240 | -60.8% |
| Operating profit (loss) | 9901 | -€18,867 | -€42,811 | -€23,945 | -126.9% |
| Financial income | 75/76B | €2,129 | €236 | -€1,893 | -88.9% |
| Recurring financial income | 75 | €2,129 | €236 | -€1,893 | -88.9% |
| Financial charges | 65/66B | €401 | €746 | +€346 | +86.4% |
| Recurring financial charges | 65 | €401 | €746 | +€346 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,139 | -€43,321 | -€26,183 | -152.8% |
| Income taxes | 67/77 | €340 | €374 | +€34 | +9.9% |
| Profit (loss) for the period | 9904 | -€17,479 | -€43,695 | -€26,217 | -150.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,479 | -€43,695 | -€26,217 | -150.0% |
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.