PELTAX: 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.
PELTAX
Largest movements
- Tangible fixed assets +€454,631
up €454,631 (+84.1%), from €540,286 to €994,917
of which Leasing and similar rights: +€553,982
- Cash -€319,642
down €319,642 (-46.8%), from €683,013 to €363,371
mainly Investment in fixed assets (net) (-€727,760) and Tax, wage and social debts (-€141,663)
- Receivables within one year +€52,604
up €52,604 (+11.1%), from €474,771 to €527,375
of which Other amounts receivable: +€40,732
- Debts after one year +€232,422
up €232,422 (+107.7%), from €215,876 to €448,298
- Current portion of long-term debt +€156,546
up €156,546 (+110.6%), from €141,492 to €298,038
- Tax, wage and social debts -€141,663
down €141,663 (-63.9%), from €221,866 to €80,204
of which Taxes: -€135,683
- Trade debts -€67,408
down €67,408 (-81.5%), from €82,703 to €15,295
- Provisions -€44,000
no longer reported in 2025 (was €44,000)
- Gross operating margin -€557,533
down €557,533 (-33.8%), from €1.6m to €1.1m
- Taxes -€158,589
down €158,589 (-74.4%), from €213,255 to €54,666
- Depreciation +€125,973
up €125,973 (+85.6%), from €147,156 to €273,129
- Staff costs -€51,343
down €51,343 (-7.0%), from €735,239 to €683,896
- Other operating charges -€19,588
down €19,588 (-49.0%), from €39,940 to €20,352
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 | €1,740,619 | €1,923,676 | +€183,056 | +10.5% |
| Fixed assets | 21/28 | €578,299 | €1,032,930 | +€454,631 | +78.6% |
| Tangible fixed assets | 22/27 | €540,286 | €994,917 | +€454,631 | +84.1% |
| Plant, machinery and equipment | 23 | €3,102 | €19,858 | +€16,755 | +540.1% |
| Furniture and vehicles | 24 | €504,840 | €390,338 | -€114,502 | -22.7% |
| Leasing and similar rights | 25 | €24,970 | €578,952 | +€553,982 | +2218.6% |
| Other tangible fixed assets | 26 | €7,374 | €5,770 | -€1,605 | -21.8% |
| Financial fixed assets | 28 | €38,013 | €38,013 | = | 0.0% |
| Current assets | 29/58 | €1,162,321 | €890,746 | -€271,575 | -23.4% |
| Amounts receivable within one year | 40/41 | €474,771 | €527,375 | +€52,604 | +11.1% |
| Trade receivables | 40 | €112,602 | €124,475 | +€11,872 | +10.5% |
| Other amounts receivable | 41 | €362,169 | €402,901 | +€40,732 | +11.2% |
| Cash at bank and in hand | 54/58 | €683,013 | €363,371 | -€319,642 | -46.8% |
| Deferred charges and accrued income | 490/1 | €4,537 | - | -€4,537 | |
| Total equity and liabilities | 10/49 | €1,740,619 | €1,923,676 | +€183,056 | +10.5% |
| Equity | 10/15 | €1,034,683 | €1,071,419 | +€36,737 | +3.6% |
| Contributions | 10/11 | €49,000 | €49,000 | = | 0.0% |
| Reserves | 13 | €985,683 | €1,022,419 | +€36,737 | +3.7% |
| Non-distributable reserves | 130/1 | €4,900 | - | -€4,900 | |
| Reserves not available under the articles | 1311 | €4,900 | - | -€4,900 | |
| Tax-exempt reserves | 132 | €153,177 | €21,177 | -€132,000 | -86.2% |
| Distributable reserves | 133 | €827,605 | €1,001,242 | +€173,637 | +21.0% |
| Provisions and deferred taxes | 16 | €44,000 | - | -€44,000 | |
| Deferred taxes | 168 | €44,000 | - | -€44,000 | |
| Amounts payable | 17/49 | €661,937 | €852,257 | +€190,320 | +28.8% |
| Amounts payable after more than one year | 17 | €215,876 | €448,298 | +€232,422 | +107.7% |
| Financial debts | 170/4 | €215,876 | €448,298 | +€232,422 | +107.7% |
| Amounts payable within one year | 42/48 | €446,061 | €403,958 | -€42,103 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €141,492 | €298,038 | +€156,546 | +110.6% |
| Trade debts | 44 | €82,703 | €15,295 | -€67,408 | -81.5% |
| Suppliers | 440/4 | €82,703 | €15,295 | -€67,408 | -81.5% |
| Taxes, remuneration and social security | 45 | €221,866 | €80,204 | -€141,663 | -63.9% |
| Taxes | 450/3 | €151,343 | €15,660 | -€135,683 | -89.7% |
| Remuneration and social security | 454/9 | €70,523 | €64,543 | -€5,980 | -8.5% |
| Other amounts payable | 47/48 | - | €10,421 | +€10,421 | |
| Non-recurring operating income | 76A | €1,750 | €21,000 | +€19,250 | +1100.0% |
| Remuneration, social security and pensions | 62 | €735,239 | €683,896 | -€51,343 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,156 | €273,129 | +€125,973 | +85.6% |
| Other operating charges | 640/8 | €39,940 | €20,352 | -€19,588 | -49.0% |
| Non-recurring operating charges | 66A | €3,720 | - | -€3,720 | |
| Gross operating margin | 9900 | €1,648,958 | €1,091,424 | -€557,533 | -33.8% |
| Operating profit (loss) | 9901 | €722,903 | €114,047 | -€608,856 | -84.2% |
| Financial income | 75/76B | €1,962 | €791 | -€1,171 | -59.7% |
| Recurring financial income | 75 | €1,962 | €791 | -€1,171 | -59.7% |
| Financial charges | 65/66B | €56,064 | €67,435 | +€11,371 | +20.3% |
| Recurring financial charges | 65 | €56,064 | €67,435 | +€11,371 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €668,801 | €47,403 | -€621,398 | -92.9% |
| Transfer from deferred taxes | 780 | - | €44,000 | +€44,000 | |
| Income taxes | 67/77 | €213,255 | €54,666 | -€158,589 | -74.4% |
| Profit (loss) for the period | 9904 | €455,546 | €36,737 | -€418,809 | -91.9% |
| Transfer from tax-exempt reserves | 789 | - | €132,000 | +€132,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €455,546 | €168,737 | -€286,809 | -63.0% |
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 10 October 2026 via checked.be.