PELKA: 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.
PELKA
Largest movements
- Stocks and contracts +€237,857
up €237,857 (+19.3%), from €1.2m to €1.5m
- Tangible fixed assets +€156,258
up €156,258 (+110%), from €142,006 to €298,263
of which Land and buildings: +€165,140
- Receivables within one year +€151,908
up €151,908 (+22.9%), from €662,052 to €813,960
of which Trade receivables: +€491,093
- Cash +€30,315
up €30,315 (+26.6%), from €114,026 to €144,341
mainly Net result for the year (+€211,353) and Debts after one year (+€164,270)
- Reserves +€211,353
up €211,353 (+15.9%), from €1.3m to €1.5m
of which Distributable reserves: +€211,353
- Debts after one year +€164,270
up €164,270 (+496%), from €33,104 to €197,374
- Short-term financial debts -€137,963
down €137,963 (-47.9%), from €287,963 to €150,000
- Trade debts +€115,485
up €115,485 (+41.1%), from €281,096 to €396,581
- Tax, wage and social debts +€109,027
up €109,027 (+122%), from €89,622 to €198,649
of which Taxes: +€100,865
- Gross operating margin -€96,393
down €96,393 (-14.6%), from €660,583 to €564,190
- Other operating charges -€43,146
down €43,146 (-79.1%), from €54,556 to €11,410
- Taxes -€34,603
down €34,603 (-29.0%), from €119,123 to €84,520
- Staff costs +€19,036
up €19,036 (+10.9%), from €175,280 to €194,316
- Financial charges -€18,448
down €18,448 (-42.2%), from €43,747 to €25,299
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 | €2,149,042 | €2,725,379 | +€576,337 | +26.8% |
| Fixed assets | 21/28 | €143,359 | €299,616 | +€156,258 | +109% |
| Tangible fixed assets | 22/27 | €142,006 | €298,263 | +€156,258 | +110% |
| Land and buildings | 22 | €73,230 | €238,370 | +€165,140 | +226% |
| Plant, machinery and equipment | 23 | €43,879 | €42,359 | -€1,520 | -3.5% |
| Furniture and vehicles | 24 | €24,897 | €17,534 | -€7,363 | -29.6% |
| Financial fixed assets | 28 | €1,353 | €1,353 | = | 0.0% |
| Current assets | 29/58 | €2,005,683 | €2,425,763 | +€420,080 | +20.9% |
| Stocks and contracts in progress | 3 | €1,229,606 | €1,467,463 | +€237,857 | +19.3% |
| Stocks | 30/36 | €1,229,606 | €1,467,463 | +€237,857 | +19.3% |
| Amounts receivable within one year | 40/41 | €662,052 | €813,960 | +€151,908 | +22.9% |
| Trade receivables | 40 | €273,624 | €764,717 | +€491,093 | +179% |
| Other amounts receivable | 41 | €388,428 | €49,242 | -€339,185 | -87.3% |
| Cash at bank and in hand | 54/58 | €114,026 | €144,341 | +€30,315 | +26.6% |
| Total equity and liabilities | 10/49 | €2,149,042 | €2,725,379 | +€576,337 | +26.8% |
| Equity | 10/15 | €1,347,206 | €1,558,558 | +€211,353 | +15.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,328,614 | €1,539,966 | +€211,353 | +15.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,326,754 | €1,538,107 | +€211,353 | +15.9% |
| Provisions and deferred taxes | 16 | €63,875 | €52,875 | -€11,000 | -17.2% |
| Provisions for liabilities and charges | 160/5 | €63,875 | €52,875 | -€11,000 | -17.2% |
| Environmental obligations | 163 | €63,875 | €52,875 | -€11,000 | -17.2% |
| Amounts payable | 17/49 | €737,961 | €1,113,946 | +€375,985 | +50.9% |
| Amounts payable after more than one year | 17 | €33,104 | €197,374 | +€164,270 | +496% |
| Financial debts | 170/4 | €33,104 | €197,374 | +€164,270 | +496% |
| Amounts payable within one year | 42/48 | €702,039 | €913,754 | +€211,715 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €8,331 | €48,055 | +€39,724 | +477% |
| Financial debts | 43 | €287,963 | €150,000 | -€137,963 | -47.9% |
| Credit institutions | 430/8 | €287,963 | €150,000 | -€137,963 | -47.9% |
| Trade debts | 44 | €281,096 | €396,581 | +€115,485 | +41.1% |
| Suppliers | 440/4 | €281,096 | €396,581 | +€115,485 | +41.1% |
| Taxes, remuneration and social security | 45 | €89,622 | €198,649 | +€109,027 | +122% |
| Taxes | 450/3 | €65,406 | €166,270 | +€100,865 | +154% |
| Remuneration and social security | 454/9 | €24,217 | €32,379 | +€8,162 | +33.7% |
| Other amounts payable | 47/48 | €35,026 | €120,469 | +€85,443 | +244% |
| Accrued charges and deferred income | 492/3 | €2,819 | €2,819 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €175,280 | €194,316 | +€19,036 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,205 | €49,356 | +€17,152 | +53.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,375 | -€11,000 | -€12,375 | |
| Other operating charges | 640/8 | €54,556 | €11,410 | -€43,146 | -79.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €660,583 | €564,190 | -€96,393 | -14.6% |
| Operating profit (loss) | 9901 | €397,168 | €320,108 | -€77,059 | -19.4% |
| Financial income | 75/76B | €2,043 | €1,063 | -€979 | -47.9% |
| Recurring financial income | 75 | €2,043 | €1,063 | -€979 | -47.9% |
| Financial charges | 65/66B | €43,747 | €25,299 | -€18,448 | -42.2% |
| Recurring financial charges | 65 | €43,747 | €25,299 | -€18,448 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €355,464 | €295,873 | -€59,591 | -16.8% |
| Income taxes | 67/77 | €119,123 | €84,520 | -€34,603 | -29.0% |
| Profit (loss) for the period | 9904 | €236,341 | €211,353 | -€24,988 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €236,341 | €211,353 | -€24,988 | -10.6% |
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 18 October 2026 via checked.be.