PELOPS: what changed
Two fiscal 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.
PELOPS
Largest movements
- Receivables within one year +€10,779
up €10,779 (+69.5%), from €15,511 to €26,290
of which Trade receivables: +€12,194
- Cash +€8,604
up €8,604 (+258.3%), from €3,331 to €11,934
mainly Net result for the year (+€23,034) and Other debts (+€19,445)
- Deferred charges and accrued income +€1,959
up €1,959 (+75.6%), from €2,590 to €4,548
- Other debts +€19,445
up €19,445 (+553.6%), from €3,512 to €22,957
- Tax, wage and social debts +€2,544
up €2,544 (+29.9%), from €8,520 to €11,064
of which Taxes: +€8,129
- Trade debts -€821
down €821 (-20.4%), from €4,032 to €3,211
- Gross operating margin +€30,932
up €30,932 (+1287.6%), from €2,402 to €33,334
- Taxes +€8,614
up €8,614 (+1470.3%), from €586 to €9,200
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 | €22,918 | €44,120 | +€21,202 | +92.5% |
| Fixed assets | 21/28 | €1,487 | €1,348 | -€140 | -9.4% |
| Intangible fixed assets | 21 | €169 | - | -€169 | |
| Tangible fixed assets | 22/27 | €1,319 | €1,348 | +€29 | +2.2% |
| Plant, machinery and equipment | 23 | €714 | €871 | +€157 | +22.0% |
| Furniture and vehicles | 24 | €604 | €477 | -€128 | -21.1% |
| Current assets | 29/58 | €21,431 | €42,773 | +€21,342 | +99.6% |
| Amounts receivable within one year | 40/41 | €15,511 | €26,290 | +€10,779 | +69.5% |
| Trade receivables | 40 | €14,097 | €26,290 | +€12,194 | +86.5% |
| Other amounts receivable | 41 | €1,414 | - | -€1,414 | |
| Cash at bank and in hand | 54/58 | €3,331 | €11,934 | +€8,604 | +258.3% |
| Deferred charges and accrued income | 490/1 | €2,590 | €4,548 | +€1,959 | +75.6% |
| Total equity and liabilities | 10/49 | €22,918 | €44,120 | +€21,202 | +92.5% |
| Equity | 10/15 | €6,853 | €6,888 | +€34 | +0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,853 | €1,888 | +€34 | +1.9% |
| Distributable reserves | 133 | €1,853 | €1,888 | +€34 | +1.9% |
| Amounts payable | 17/49 | €16,065 | €37,233 | +€21,168 | +131.8% |
| Amounts payable within one year | 42/48 | €16,065 | €37,233 | +€21,168 | +131.8% |
| Trade debts | 44 | €4,032 | €3,211 | -€821 | -20.4% |
| Suppliers | 440/4 | €4,032 | €3,211 | -€821 | -20.4% |
| Taxes, remuneration and social security | 45 | €8,520 | €11,064 | +€2,544 | +29.9% |
| Taxes | 450/3 | €2,935 | €11,064 | +€8,129 | +277.0% |
| Remuneration and social security | 454/9 | €5,585 | - | -€5,585 | |
| Other amounts payable | 47/48 | €3,512 | €22,957 | +€19,445 | +553.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €740 | -€148 | -16.7% |
| Other operating charges | 640/8 | €407 | €227 | -€179 | -44.1% |
| Gross operating margin | 9900 | €2,402 | €33,334 | +€30,932 | +1287.6% |
| Operating profit (loss) | 9901 | €1,108 | €32,367 | +€31,259 | +2822.0% |
| Financial charges | 65/66B | €116 | €133 | +€17 | +14.7% |
| Recurring financial charges | 65 | €116 | €133 | +€17 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €992 | €32,234 | +€31,242 | +3150.2% |
| Income taxes | 67/77 | €586 | €9,200 | +€8,614 | +1470.3% |
| Profit (loss) for the period | 9904 | €406 | €23,034 | +€22,628 | +5575.0% |
| Profit (loss) for the period to be appropriated | 9905 | €406 | €23,034 | +€22,628 | +5575.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.