PELICA: 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.
PELICA
Largest movements
- Current investments +€560,000
new in 2025: €560,000
- Tangible fixed assets -€409,801
down €409,801 (-82.1%), from €498,958 to €89,157
of which Land and buildings: -€397,085
- Receivables within one year -€126,066
down €126,066 (-58.9%), from €214,102 to €88,036
of which Other amounts receivable: -€119,758
- Deferred charges and accrued income -€55,029
down €55,029 (-88.5%), from €62,166 to €7,137
- Accrued charges and deferred income -€129,958
down €129,958 (-92.8%), from €140,000 to €10,042
- Reserves +€110,931
up €110,931 (+15.5%), from €716,904 to €827,835
of which Distributable reserves: +€110,931
- Tax, wage and social debts -€67,277
down €67,277 (-100.0%), from €67,277 to €0
- Other debts +€54,523
up €54,523, from €0 to €54,523
- Gross operating margin +€252,226
up €252,226 (+118.4%), from €213,027 to €465,253
- Taxes +€78,819
up €78,819 (+117.2%), from €67,277 to €146,096
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 | €1,021,271 | €986,693 | -€34,577 | -3.4% |
| Fixed assets | 21/28 | €730,987 | €321,186 | -€409,801 | -56.1% |
| Tangible fixed assets | 22/27 | €498,958 | €89,157 | -€409,801 | -82.1% |
| Land and buildings | 22 | €484,974 | €87,889 | -€397,085 | -81.9% |
| Plant, machinery and equipment | 23 | €2,062 | €1,269 | -€794 | -38.5% |
| Furniture and vehicles | 24 | €11,922 | €0 | -€11,922 | -100.0% |
| Financial fixed assets | 28 | €232,028 | €232,028 | = | 0.0% |
| Current assets | 29/58 | €290,284 | €665,507 | +€375,224 | +129.3% |
| Amounts receivable within one year | 40/41 | €214,102 | €88,036 | -€126,066 | -58.9% |
| Trade receivables | 40 | €47,535 | €41,226 | -€6,308 | -13.3% |
| Other amounts receivable | 41 | €166,567 | €46,809 | -€119,758 | -71.9% |
| Current investments | 50/53 | - | €560,000 | +€560,000 | |
| Cash at bank and in hand | 54/58 | €14,017 | €10,335 | -€3,681 | -26.3% |
| Deferred charges and accrued income | 490/1 | €62,166 | €7,137 | -€55,029 | -88.5% |
| Total equity and liabilities | 10/49 | €1,021,271 | €986,693 | -€34,577 | -3.4% |
| Equity | 10/15 | €803,704 | €914,635 | +€110,931 | +13.8% |
| Contributions | 10/11 | €86,800 | €86,800 | = | 0.0% |
| Capital | 10 | €86,800 | €86,800 | = | 0.0% |
| Issued capital | 100 | €86,800 | €86,800 | = | 0.0% |
| Reserves | 13 | €716,904 | €827,835 | +€110,931 | +15.5% |
| Non-distributable reserves | 130/1 | €8,680 | €8,680 | = | 0.0% |
| Legal reserve | 130 | €8,680 | €8,680 | = | 0.0% |
| Distributable reserves | 133 | €708,224 | €819,155 | +€110,931 | +15.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €217,567 | €72,058 | -€145,509 | -66.9% |
| Amounts payable after more than one year | 17 | €772 | €0 | -€772 | -100.0% |
| Financial debts | 170/4 | €772 | €0 | -€772 | -100.0% |
| Amounts payable within one year | 42/48 | €76,795 | €62,016 | -€14,779 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €3,949 | €772 | -€3,177 | -80.4% |
| Financial debts | 43 | €641 | €603 | -€38 | -6.0% |
| Credit institutions | 430/8 | €641 | €603 | -€38 | -6.0% |
| Trade debts | 44 | €4,928 | €6,118 | +€1,190 | +24.2% |
| Suppliers | 440/4 | €4,928 | €6,118 | +€1,190 | +24.2% |
| Taxes, remuneration and social security | 45 | €67,277 | €0 | -€67,277 | -100.0% |
| Taxes | 450/3 | €67,277 | €0 | -€67,277 | -100.0% |
| Other amounts payable | 47/48 | €0 | €54,523 | +€54,523 | |
| Accrued charges and deferred income | 492/3 | €140,000 | €10,042 | -€129,958 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,909 | €9,030 | -€880 | -8.9% |
| Other operating charges | 640/8 | €3,668 | €4,026 | +€358 | +9.8% |
| Gross operating margin | 9900 | €213,027 | €465,253 | +€252,226 | +118.4% |
| Operating profit (loss) | 9901 | €199,450 | €452,198 | +€252,748 | +126.7% |
| Financial income | 75/76B | €4,906 | €9,222 | +€4,315 | +88.0% |
| Recurring financial income | 75 | €4,906 | €9,222 | +€4,315 | +88.0% |
| Financial charges | 65/66B | €2,561 | €5,942 | +€3,380 | +132.0% |
| Recurring financial charges | 65 | €2,561 | €5,942 | +€3,380 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | €201,795 | €455,477 | +€253,682 | +125.7% |
| Income taxes | 67/77 | €67,277 | €146,096 | +€78,819 | +117.2% |
| Profit (loss) for the period | 9904 | €134,518 | €309,381 | +€174,863 | +130.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,518 | €309,381 | +€174,863 | +130.0% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.