PELORD: 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.
PELORD
Largest movements
- Receivables within one year -€13,168
down €13,168 (-15.4%), from €85,454 to €72,286
- Profit (loss) carried forward -€11,112
down €11,112 (-285.6%), from -€3,891 to -€15,003
- Gross operating margin -€2,800
down €2,800 (-60.2%), from -€4,656 to -€7,456
- Depreciation -€2,289
down €2,289 (-31.8%), from €7,199 to €4,910
- Financial income -€1,715
down €1,715 (-31.6%), from €5,419 to €3,704
- Other operating charges +€452
up €452 (+24.1%), from €1,874 to €2,327
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 | €204,390 | €192,558 | -€11,833 | -5.8% |
| Fixed assets | 21/28 | €86,515 | €86,308 | -€208 | -0.2% |
| Tangible fixed assets | 22/27 | €65,682 | €65,475 | -€208 | -0.3% |
| Land and buildings | 22 | €65,682 | €65,475 | -€208 | -0.3% |
| Financial fixed assets | 28 | €20,833 | €20,833 | = | 0.0% |
| Current assets | 29/58 | €117,875 | €106,250 | -€11,625 | -9.9% |
| Amounts receivable within one year | 40/41 | €85,454 | €72,286 | -€13,168 | -15.4% |
| Other amounts receivable | 41 | €85,454 | €72,286 | -€13,168 | -15.4% |
| Cash at bank and in hand | 54/58 | €32,421 | €33,963 | +€1,543 | +4.8% |
| Total equity and liabilities | 10/49 | €204,390 | €192,558 | -€11,833 | -5.8% |
| Equity | 10/15 | €171,452 | €160,340 | -€11,112 | -6.5% |
| Contributions | 10/11 | €120,724 | €120,724 | = | 0.0% |
| Capital | 10 | €120,724 | €120,724 | = | 0.0% |
| Issued capital | 100 | €120,724 | €120,724 | = | 0.0% |
| Reserves | 13 | €54,619 | €54,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,072 | €12,072 | = | 0.0% |
| Legal reserve | 130 | €12,072 | €12,072 | = | 0.0% |
| Distributable reserves | 133 | €42,546 | €42,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,891 | -€15,003 | -€11,112 | -285.6% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,939 | €2,218 | -€721 | -24.5% |
| Amounts payable within one year | 42/48 | €2,875 | €2,218 | -€657 | -22.8% |
| Trade debts | 44 | €360 | €2,218 | +€1,858 | +515.3% |
| Suppliers | 440/4 | €360 | €2,218 | +€1,858 | +515.3% |
| Taxes, remuneration and social security | 45 | €654 | - | -€654 | |
| Taxes | 450/3 | €654 | - | -€654 | |
| Other amounts payable | 47/48 | €1,860 | - | -€1,860 | |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,199 | €4,910 | -€2,289 | -31.8% |
| Other operating charges | 640/8 | €1,874 | €2,327 | +€452 | +24.1% |
| Gross operating margin | 9900 | -€4,656 | -€7,456 | -€2,800 | -60.2% |
| Operating profit (loss) | 9901 | -€13,729 | -€14,693 | -€964 | -7.0% |
| Financial income | 75/76B | €5,419 | €3,704 | -€1,715 | -31.6% |
| Recurring financial income | 75 | €5,419 | €3,704 | -€1,715 | -31.6% |
| Financial charges | 65/66B | €62 | €124 | +€61 | +98.7% |
| Recurring financial charges | 65 | €62 | €124 | +€61 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,371 | -€11,112 | -€2,741 | -32.7% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€8,372 | -€11,112 | -€2,740 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,372 | -€11,112 | -€2,740 | -32.7% |
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.