PELIN 404: 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.
PELIN 404
Largest movements
- Cash +€1,398
up €1,398 (+24.2%), from €5,774 to €7,173
mainly Other debts (+€4,156) and Trade debts (+€1,459)
- Tangible fixed assets -€939
down €939 (-35.0%), from €2,681 to €1,742
- Formation expenses -€248
down €248 (-24.8%), from €1,003 to €755
- Intangible fixed assets -€143
down €143 (-16.4%), from €874 to €731
- Profit (loss) carried forward -€5,093
down €5,093 (-72.0%), from -€7,071 to -€12,164
- Other debts +€4,156
up €4,156 (+179%), from €2,321 to €6,477
- Trade debts +€1,459
up €1,459 (+187%), from €778 to €2,237
- Tax, wage and social debts -€455
down €455 (-3.4%), from €13,305 to €12,850
of which Taxes: -€1,699
- Staff costs -€19,779
down €19,779 (-71.3%), from €27,739 to €7,960
- Gross operating margin -€18,010
down €18,010 (-78.1%), from €23,058 to €5,048
- Financial charges -€570
down €570 (-40.1%), from €1,420 to €850
- Depreciation +€360
up €360 (+37.1%), from €970 to €1,331
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 | €10,833 | €10,900 | +€67 | +0.6% |
| Formation expenses | 20 | €1,003 | €755 | -€248 | -24.8% |
| Fixed assets | 21/28 | €3,555 | €2,473 | -€1,082 | -30.4% |
| Intangible fixed assets | 21 | €874 | €731 | -€143 | -16.4% |
| Tangible fixed assets | 22/27 | €2,681 | €1,742 | -€939 | -35.0% |
| Plant, machinery and equipment | 23 | €2,681 | €1,742 | -€939 | -35.0% |
| Current assets | 29/58 | €6,274 | €7,673 | +€1,398 | +22.3% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,774 | €7,173 | +€1,398 | +24.2% |
| Total equity and liabilities | 10/49 | €10,833 | €10,900 | +€67 | +0.6% |
| Equity | 10/15 | -€5,571 | -€10,664 | -€5,093 | -91.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,071 | -€12,164 | -€5,093 | -72.0% |
| Amounts payable | 17/49 | €16,404 | €21,564 | +€5,160 | +31.5% |
| Amounts payable within one year | 42/48 | €16,404 | €21,564 | +€5,160 | +31.5% |
| Trade debts | 44 | €778 | €2,237 | +€1,459 | +187% |
| Suppliers | 440/4 | €778 | €2,237 | +€1,459 | +187% |
| Taxes, remuneration and social security | 45 | €13,305 | €12,850 | -€455 | -3.4% |
| Taxes | 450/3 | €3,114 | €1,415 | -€1,699 | -54.6% |
| Remuneration and social security | 454/9 | €10,191 | €11,435 | +€1,244 | +12.2% |
| Other amounts payable | 47/48 | €2,321 | €6,477 | +€4,156 | +179% |
| Remuneration, social security and pensions | 62 | €27,739 | €7,960 | -€19,779 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €1,331 | +€360 | +37.1% |
| Gross operating margin | 9900 | €23,058 | €5,048 | -€18,010 | -78.1% |
| Operating profit (loss) | 9901 | -€5,651 | -€4,243 | +€1,408 | +24.9% |
| Financial charges | 65/66B | €1,420 | €850 | -€570 | -40.1% |
| Recurring financial charges | 65 | €1,420 | €850 | -€570 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,071 | -€5,093 | +€1,978 | +28.0% |
| Profit (loss) for the period | 9904 | -€7,071 | -€5,093 | +€1,978 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,071 | -€5,093 | +€1,978 | +28.0% |
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 13 October 2026 via checked.be.