PELI MANAGEMENT: 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.
PELI MANAGEMENT
Largest movements
- Receivables within one year +€38,349
up €38,349 (+37.0%), from €103,676 to €142,025
of which Other amounts receivable: +€37,449
- Tangible fixed assets +€15,101
up €15,101 (+6.3%), from €238,712 to €253,813
of which Furniture and vehicles: +€28,662
- Debts after one year +€18,055
new in 2025: €18,055
- Reserves +€15,600
up €15,600 (+18.6%), from €83,973 to €99,573
of which Distributable reserves: +€15,600
- Other debts +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Current portion of long-term debt +€7,257
up €7,257 (+853%), from €851 to €8,108
- Other operating charges +€7,939
up €7,939 (+106%), from €7,503 to €15,442
- Depreciation +€4,613
up €4,613 (+34.0%), from €13,561 to €18,174
- Taxes -€3,342
down €3,342 (-35.5%), from €9,424 to €6,083
- Gross operating margin +€1,822
up €1,822 (+2.1%), from €87,703 to €89,525
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 | €345,339 | €401,915 | +€56,576 | +16.4% |
| Fixed assets | 21/28 | €238,712 | €253,813 | +€15,101 | +6.3% |
| Tangible fixed assets | 22/27 | €238,712 | €253,813 | +€15,101 | +6.3% |
| Land and buildings | 22 | €229,370 | €218,269 | -€11,101 | -4.8% |
| Plant, machinery and equipment | 23 | €9,342 | €6,882 | -€2,460 | -26.3% |
| Furniture and vehicles | 24 | - | €28,662 | +€28,662 | |
| Current assets | 29/58 | €106,627 | €148,102 | +€41,475 | +38.9% |
| Amounts receivable within one year | 40/41 | €103,676 | €142,025 | +€38,349 | +37.0% |
| Trade receivables | 40 | - | €900 | +€900 | |
| Other amounts receivable | 41 | €103,676 | €141,125 | +€37,449 | +36.1% |
| Cash at bank and in hand | 54/58 | €1,378 | €4,415 | +€3,037 | +220% |
| Deferred charges and accrued income | 490/1 | €1,573 | €1,662 | +€89 | +5.7% |
| Total equity and liabilities | 10/49 | €345,339 | €401,915 | +€56,576 | +16.4% |
| Equity | 10/15 | €220,258 | €235,934 | +€15,675 | +7.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €83,973 | €99,573 | +€15,600 | +18.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €76,473 | €92,073 | +€15,600 | +20.4% |
| Profit (loss) carried forward | 14 | €61,285 | €61,360 | +€75 | +0.1% |
| Provisions and deferred taxes | 16 | €33,167 | €33,167 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,167 | €33,167 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,167 | €33,167 | = | 0.0% |
| Amounts payable | 17/49 | €91,914 | €132,815 | +€40,901 | +44.5% |
| Amounts payable after more than one year | 17 | - | €18,055 | +€18,055 | |
| Financial debts | 170/4 | - | €18,055 | +€18,055 | |
| Amounts payable within one year | 42/48 | €91,914 | €114,759 | +€22,845 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €851 | €8,108 | +€7,257 | +853% |
| Financial debts | 43 | €49,048 | €49,298 | +€250 | +0.5% |
| Credit institutions | 430/8 | €49,048 | €49,298 | +€250 | +0.5% |
| Trade debts | 44 | €3,913 | €5,062 | +€1,150 | +29.4% |
| Suppliers | 440/4 | €3,913 | €5,062 | +€1,150 | +29.4% |
| Taxes, remuneration and social security | 45 | €8,102 | €7,292 | -€811 | -10.0% |
| Taxes | 450/3 | €8,102 | €7,292 | -€811 | -10.0% |
| Other amounts payable | 47/48 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Non-recurring operating income | 76A | - | €7,438 | +€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,561 | €18,174 | +€4,613 | +34.0% |
| Other operating charges | 640/8 | €7,503 | €15,442 | +€7,939 | +106% |
| Gross operating margin | 9900 | €87,703 | €89,525 | +€1,822 | +2.1% |
| Operating profit (loss) | 9901 | €66,639 | €55,909 | -€10,730 | -16.1% |
| Financial income | 75/76B | €1,295 | €1,174 | -€121 | -9.3% |
| Recurring financial income | 75 | €1,295 | €1,174 | -€121 | -9.3% |
| Financial charges | 65/66B | €4,856 | €5,325 | +€469 | +9.7% |
| Recurring financial charges | 65 | €4,856 | €5,325 | +€469 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €63,077 | €51,758 | -€11,319 | -17.9% |
| Income taxes | 67/77 | €9,424 | €6,083 | -€3,342 | -35.5% |
| Profit (loss) for the period | 9904 | €53,653 | €45,675 | -€7,978 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,653 | €45,675 | -€7,978 | -14.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.