Peliqan: 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.
Peliqan
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Cash +€314,346
up €314,346 (+2,440%), from €12,881 to €327,227
mainly Contributions, distributions and other (+€2.1m) and Debts after one year (+€157,143)
- Receivables within one year +€113,377
up €113,377 (+213%), from €53,139 to €166,516
of which Trade receivables: +€111,026
- Contributions +€2.1m
up €2.1m (+832%), from €250,000 to €2.3m
- Profit (loss) carried forward -€532,188
down €532,188 (-70.8%), from -€752,204 to -€1.3m
- Debts after one year +€157,143
up €157,143 (+45.8%), from €342,857 to €500,000
- Accrued charges and deferred income +€104,844
up €104,844 (+115%), from €91,073 to €195,918
- Other debts -€69,316
down €69,316 (-99.0%), from €70,000 to €684
- Gross operating margin -€362,844
down €362,844 (-371%), from -€97,784 to -€460,627
- Write-downs +€24,166
up €24,166 (+140%), from €17,300 to €41,466
- Financial charges -€8,002
down €8,002 (-60.4%), from €13,244 to €5,241
- Financial income +€7,426
up €7,426 (+192,389%), from €4 to €7,430
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 | €87,761 | €1,834,473 | +€1.7m | +1,990% |
| Fixed assets | 21/28 | €4,049 | €12,232 | +€8,183 | +202% |
| Tangible fixed assets | 22/27 | €3,449 | €11,632 | +€8,183 | +237% |
| Furniture and vehicles | 24 | €3,449 | €11,632 | +€8,183 | +237% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €83,712 | €1,822,241 | +€1.7m | +2,077% |
| Amounts receivable within one year | 40/41 | €53,139 | €166,516 | +€113,377 | +213% |
| Trade receivables | 40 | €51,023 | €162,049 | +€111,026 | +218% |
| Other amounts receivable | 41 | €2,116 | €4,466 | +€2,351 | +111% |
| Current investments | 50/53 | - | €1,300,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €12,881 | €327,227 | +€314,346 | +2,440% |
| Deferred charges and accrued income | 490/1 | €17,691 | €28,498 | +€10,807 | +61.1% |
| Total equity and liabilities | 10/49 | €87,761 | €1,834,473 | +€1.7m | +1,990% |
| Equity | 10/15 | -€502,204 | €1,045,626 | +€1.5m | |
| Contributions | 10/11 | €250,000 | €2,330,019 | +€2.1m | +832% |
| Profit (loss) carried forward | 14 | -€752,204 | -€1,284,393 | -€532,188 | -70.8% |
| Amounts payable | 17/49 | €589,965 | €788,847 | +€198,882 | +33.7% |
| Amounts payable after more than one year | 17 | €342,857 | €500,000 | +€157,143 | +45.8% |
| Financial debts | 170/4 | €342,857 | €500,000 | +€157,143 | +45.8% |
| Amounts payable within one year | 42/48 | €156,035 | €92,929 | -€63,106 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €53,571 | - | -€53,571 | |
| Trade debts | 44 | €32,358 | €88,989 | +€56,632 | +175% |
| Suppliers | 440/4 | €32,358 | €88,989 | +€56,632 | +175% |
| Taxes, remuneration and social security | 45 | €105 | €3,256 | +€3,150 | +2,988% |
| Taxes | 450/3 | €105 | - | -€105 | |
| Remuneration and social security | 454/9 | - | €3,256 | +€3,256 | |
| Other amounts payable | 47/48 | €70,000 | €684 | -€69,316 | -99.0% |
| Accrued charges and deferred income | 492/3 | €91,073 | €195,918 | +€104,844 | +115% |
| Remuneration, social security and pensions | 62 | €28,681 | €28,250 | -€431 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,229 | €3,113 | -€116 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,300 | €41,466 | +€24,166 | +140% |
| Other operating charges | 640/8 | €655 | €887 | +€232 | +35.5% |
| Gross operating margin | 9900 | -€97,784 | -€460,627 | -€362,844 | -371% |
| Operating profit (loss) | 9901 | -€147,648 | -€534,344 | -€386,696 | -262% |
| Financial income | 75/76B | €4 | €7,430 | +€7,426 | +192,389% |
| Recurring financial income | 75 | €4 | €7,430 | +€7,426 | +192,389% |
| Financial charges | 65/66B | €13,244 | €5,241 | -€8,002 | -60.4% |
| Recurring financial charges | 65 | €13,244 | €5,241 | -€8,002 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | -€160,888 | -€532,155 | -€371,267 | -231% |
| Income taxes | 67/77 | €105 | €33 | -€72 | -68.3% |
| Profit (loss) for the period | 9904 | -€160,993 | -€532,188 | -€371,195 | -231% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,993 | -€532,188 | -€371,195 | -231% |
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.