PELIN'S: 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'S
Largest movements
- Receivables within one year -€73,666
down €73,666 (-82.7%), from €89,108 to €15,441
of which Trade receivables: -€77,242
- Cash -€31,742
down €31,742 (-34.7%), from €91,574 to €59,831
mainly Tax, wage and social debts (-€121,681) and Trade debts (-€11,194)
- Stocks and contracts -€23,199
down €23,199 (-33.3%), from €69,631 to €46,433
- Tax, wage and social debts -€121,681
down €121,681 (-79.9%), from €152,247 to €30,566
of which Remuneration and social security: -€75,233
- Trade debts -€11,194
down €11,194 (-36.0%), from €31,102 to €19,908
- Profit (loss) carried forward +€3,007
up €3,007 (+4.2%), from €70,894 to €73,901
- Purchases and services -€45,469
down €45,469 (-1.4%), from €3.2m to €3.1m
- Turnover -€33,030
down €33,030 (-1.0%), from €3.2m to €3.2m
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 | €254,243 | €124,375 | -€129,868 | -51.1% |
| Fixed assets | 21/28 | €2,694 | €2,669 | -€25 | -0.9% |
| Tangible fixed assets | 22/27 | €2,694 | €2,669 | -€25 | -0.9% |
| Furniture and vehicles | 24 | €2,694 | €2,669 | -€25 | -0.9% |
| Current assets | 29/58 | €251,549 | €121,706 | -€129,843 | -51.6% |
| Stocks and contracts in progress | 3 | €69,631 | €46,433 | -€23,199 | -33.3% |
| Stocks | 30/36 | €69,631 | €46,433 | -€23,199 | -33.3% |
| Amounts receivable within one year | 40/41 | €89,108 | €15,441 | -€73,666 | -82.7% |
| Trade receivables | 40 | €82,242 | €5,000 | -€77,242 | -93.9% |
| Other amounts receivable | 41 | €6,866 | €10,441 | +€3,576 | +52.1% |
| Cash at bank and in hand | 54/58 | €91,574 | €59,831 | -€31,742 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,236 | - | -€1,236 | |
| Total equity and liabilities | 10/49 | €254,243 | €124,375 | -€129,868 | -51.1% |
| Equity | 10/15 | €70,894 | €73,901 | +€3,007 | +4.2% |
| Profit (loss) carried forward | 14 | €70,894 | €73,901 | +€3,007 | +4.2% |
| Amounts payable | 17/49 | €183,349 | €50,474 | -€132,875 | -72.5% |
| Amounts payable within one year | 42/48 | €183,349 | €50,474 | -€132,875 | -72.5% |
| Trade debts | 44 | €31,102 | €19,908 | -€11,194 | -36.0% |
| Suppliers | 440/4 | €31,102 | €19,908 | -€11,194 | -36.0% |
| Taxes, remuneration and social security | 45 | €152,247 | €30,566 | -€121,681 | -79.9% |
| Taxes | 450/3 | €53,944 | €7,495 | -€46,448 | -86.1% |
| Remuneration and social security | 454/9 | €98,303 | €23,071 | -€75,233 | -76.5% |
| Turnover | 70 | €3,212,001 | €3,178,971 | -€33,030 | -1.0% |
| Non-recurring operating income | 76A | €22,291 | €29,938 | +€7,647 | +34.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,183,490 | €3,138,021 | -€45,469 | -1.4% |
| Remuneration, social security and pensions | 62 | €56,212 | €62,373 | +€6,161 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €1,267 | +€635 | +100% |
| Other operating charges | 640/8 | €5,418 | €855 | -€4,563 | -84.2% |
| Gross operating margin | 9900 | €50,802 | €70,889 | +€20,086 | +39.5% |
| Operating profit (loss) | 9901 | -€11,460 | €6,393 | +€17,853 | |
| Financial income | 75/76B | €99 | €156 | +€57 | +57.8% |
| Recurring financial income | 75 | €99 | €156 | +€57 | +57.8% |
| Financial charges | 65/66B | €314 | €341 | +€27 | +8.6% |
| Recurring financial charges | 65 | €314 | €341 | +€27 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,675 | €6,208 | +€17,883 | |
| Income taxes | 67/77 | - | €3,202 | +€3,202 | |
| Profit (loss) for the period | 9904 | -€11,675 | €3,007 | +€14,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,675 | €3,007 | +€14,682 |
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 24 October 2026 via checked.be.