Pelusa: 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.
Pelusa
Largest movements
- Current investments -€75,000
down €75,000 (-98.7%), from €76,000 to €1,000
- Cash +€46,470
up €46,470 (+73.5%), from €63,241 to €109,711
mainly Current investments (+€75,000) and Net result for the year (+€11,959)
- Tangible fixed assets +€9,828
up €9,828 (+95.6%), from €10,282 to €20,110
of which Other tangible fixed assets: +€5,205
- Receivables within one year +€6,084
up €6,084 (+31.4%), from €19,371 to €25,455
of which Other amounts receivable: +€6,084
- Tax, wage and social debts -€25,802
down €25,802 (-44.4%), from €58,102 to €32,301
- Reserves +€11,500
up €11,500 (+11.1%), from €104,000 to €115,500
- Accrued charges and deferred income +€1,979
new in 2025: €1,979
- Gross operating margin -€24,867
down €24,867 (-47.2%), from €52,682 to €27,815
- Taxes -€5,463
down €5,463 (-36.1%), from €15,127 to €9,664
- Financial income +€2,242
up €2,242 (+499.2%), from €449 to €2,691
- Depreciation +€2,048
up €2,048 (+59.8%), from €3,425 to €5,473
- Financial charges +€539
up €539 (+32.3%), from €1,668 to €2,207
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 | €169,100 | €157,196 | -€11,904 | -7.0% |
| Fixed assets | 21/28 | €10,282 | €20,110 | +€9,828 | +95.6% |
| Tangible fixed assets | 22/27 | €10,282 | €20,110 | +€9,828 | +95.6% |
| Plant, machinery and equipment | 23 | €597 | €356 | -€241 | -40.4% |
| Furniture and vehicles | 24 | €9,686 | €14,550 | +€4,865 | +50.2% |
| Other tangible fixed assets | 26 | - | €5,205 | +€5,205 | |
| Current assets | 29/58 | €158,818 | €137,086 | -€21,732 | -13.7% |
| Amounts receivable within one year | 40/41 | €19,371 | €25,455 | +€6,084 | +31.4% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €1,221 | €7,305 | +€6,084 | +498.3% |
| Current investments | 50/53 | €76,000 | €1,000 | -€75,000 | -98.7% |
| Cash at bank and in hand | 54/58 | €63,241 | €109,711 | +€46,470 | +73.5% |
| Deferred charges and accrued income | 490/1 | €206 | €920 | +€714 | +346.2% |
| Total equity and liabilities | 10/49 | €169,100 | €157,196 | -€11,904 | -7.0% |
| Equity | 10/15 | €110,957 | €122,916 | +€11,959 | +10.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,000 | €115,500 | +€11,500 | +11.1% |
| Distributable reserves | 133 | €104,000 | €115,500 | +€11,500 | +11.1% |
| Profit (loss) carried forward | 14 | €1,957 | €2,416 | +€459 | +23.4% |
| Amounts payable | 17/49 | €58,143 | €34,280 | -€23,863 | -41.0% |
| Amounts payable within one year | 42/48 | €58,143 | €32,301 | -€25,842 | -44.4% |
| Taxes, remuneration and social security | 45 | €58,102 | €32,301 | -€25,802 | -44.4% |
| Taxes | 450/3 | €58,102 | €32,301 | -€25,802 | -44.4% |
| Other amounts payable | 47/48 | €40 | - | -€40 | |
| Accrued charges and deferred income | 492/3 | - | €1,979 | +€1,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,425 | €5,473 | +€2,048 | +59.8% |
| Other operating charges | 640/8 | €903 | €1,204 | +€301 | +33.4% |
| Gross operating margin | 9900 | €52,682 | €27,815 | -€24,867 | -47.2% |
| Operating profit (loss) | 9901 | €48,355 | €21,139 | -€27,216 | -56.3% |
| Financial income | 75/76B | €449 | €2,691 | +€2,242 | +499.2% |
| Recurring financial income | 75 | €449 | €2,691 | +€2,242 | +499.2% |
| Financial charges | 65/66B | €1,668 | €2,207 | +€539 | +32.3% |
| Recurring financial charges | 65 | €1,668 | €2,207 | +€539 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €47,136 | €21,623 | -€25,513 | -54.1% |
| Income taxes | 67/77 | €15,127 | €9,664 | -€5,463 | -36.1% |
| Profit (loss) for the period | 9904 | €32,009 | €11,959 | -€20,050 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,009 | €11,959 | -€20,050 | -62.6% |
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 7 October 2026 via checked.be.