PLEK & PEDAAL: 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.
PLEK & PEDAAL
Largest movements
- Tangible fixed assets -€44,756
down €44,756 (-22.0%), from €203,169 to €158,414
of which Plant, machinery and equipment: -€29,613
- Stocks and contracts +€23,703
up €23,703 (+21.1%), from €112,304 to €136,008
- Receivables within one year -€13,302
down €13,302 (-17.2%), from €77,342 to €64,040
of which Other amounts receivable: -€9,025
- Cash +€10,348
up €10,348 (+93.2%), from €11,103 to €21,451
mainly Depreciation (+€59,942) and Net result for the year (+€19,641)
- Debts after one year -€47,460
down €47,460 (-24.4%), from €194,367 to €146,906
- Trade debts -€24,751
down €24,751 (-30.8%), from €80,449 to €55,698
- Profit (loss) carried forward +€19,641
up €19,641 (+55.6%), from €35,335 to €54,976
- Tax, wage and social debts +€17,512
up €17,512 (+55.8%), from €31,402 to €48,914
of which Remuneration and social security: +€18,511
- Other debts +€13,987
up €13,987 (+136%), from €10,297 to €24,285
- Staff costs +€25,081
up €25,081 (+28.8%), from €86,969 to €112,050
- Financial income +€15,480
up €15,480 (+2,949%), from €525 to €16,005
- Depreciation +€11,386
up €11,386 (+23.4%), from €48,556 to €59,942
- Gross operating margin -€3,983
down €3,983 (-2.0%), from €198,700 to €194,716
- Financial charges -€2,864
down €2,864 (-19.0%), from €15,084 to €12,220
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,764 | €386,548 | -€21,216 | -5.2% |
| Fixed assets | 21/28 | €203,169 | €158,414 | -€44,756 | -22.0% |
| Tangible fixed assets | 22/27 | €203,169 | €158,414 | -€44,756 | -22.0% |
| Land and buildings | 22 | €29,350 | €24,830 | -€4,520 | -15.4% |
| Plant, machinery and equipment | 23 | €129,975 | €100,361 | -€29,613 | -22.8% |
| Furniture and vehicles | 24 | €43,845 | €33,223 | -€10,622 | -24.2% |
| Current assets | 29/58 | €204,594 | €228,134 | +€23,540 | +11.5% |
| Stocks and contracts in progress | 3 | €112,304 | €136,008 | +€23,703 | +21.1% |
| Stocks | 30/36 | €112,304 | €136,008 | +€23,703 | +21.1% |
| Amounts receivable within one year | 40/41 | €77,342 | €64,040 | -€13,302 | -17.2% |
| Trade receivables | 40 | €66,199 | €61,922 | -€4,277 | -6.5% |
| Other amounts receivable | 41 | €11,142 | €2,117 | -€9,025 | -81.0% |
| Cash at bank and in hand | 54/58 | €11,103 | €21,451 | +€10,348 | +93.2% |
| Deferred charges and accrued income | 490/1 | €3,845 | €6,636 | +€2,791 | +72.6% |
| Total equity and liabilities | 10/49 | €407,764 | €386,548 | -€21,216 | -5.2% |
| Equity | 10/15 | €48,069 | €66,146 | +€18,077 | +37.6% |
| Contributions | 10/11 | €7,900 | €7,900 | = | 0.0% |
| Reserves | 13 | €2,307 | €2,307 | = | 0.0% |
| Tax-exempt reserves | 132 | €307 | €307 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,335 | €54,976 | +€19,641 | +55.6% |
| Investment grants | 15 | €2,527 | €964 | -€1,564 | -61.9% |
| Amounts payable | 17/49 | €359,695 | €320,402 | -€39,292 | -10.9% |
| Amounts payable after more than one year | 17 | €194,367 | €146,906 | -€47,460 | -24.4% |
| Financial debts | 170/4 | €194,367 | €146,906 | -€47,460 | -24.4% |
| Amounts payable within one year | 42/48 | €165,328 | €173,496 | +€8,168 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €43,002 | €44,210 | +€1,208 | +2.8% |
| Financial debts | 43 | €177 | €389 | +€212 | +119% |
| Credit institutions | 430/8 | €177 | €389 | +€212 | +119% |
| Trade debts | 44 | €80,449 | €55,698 | -€24,751 | -30.8% |
| Suppliers | 440/4 | €80,449 | €55,698 | -€24,751 | -30.8% |
| Taxes, remuneration and social security | 45 | €31,402 | €48,914 | +€17,512 | +55.8% |
| Taxes | 450/3 | €20,780 | €19,781 | -€999 | -4.8% |
| Remuneration and social security | 454/9 | €10,622 | €29,133 | +€18,511 | +174% |
| Other amounts payable | 47/48 | €10,297 | €24,285 | +€13,987 | +136% |
| Remuneration, social security and pensions | 62 | €86,969 | €112,050 | +€25,081 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,556 | €59,942 | +€11,386 | +23.4% |
| Other operating charges | 640/8 | €5,296 | €6,670 | +€1,374 | +25.9% |
| Gross operating margin | 9900 | €198,700 | €194,716 | -€3,983 | -2.0% |
| Operating profit (loss) | 9901 | €57,878 | €16,054 | -€41,825 | -72.3% |
| Financial income | 75/76B | €525 | €16,005 | +€15,480 | +2,949% |
| Recurring financial income | 75 | €525 | €16,005 | +€15,480 | +2,949% |
| Financial charges | 65/66B | €15,084 | €12,220 | -€2,864 | -19.0% |
| Recurring financial charges | 65 | €15,084 | €12,220 | -€2,864 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €43,319 | €19,839 | -€23,480 | -54.2% |
| Income taxes | 67/77 | €216 | €199 | -€17 | -7.9% |
| Profit (loss) for the period | 9904 | €43,104 | €19,641 | -€23,463 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,104 | €19,641 | -€23,463 | -54.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.