A.D.Pesage: what changed
A.D.Pesage
Largest movements
- Tangible fixed assets -€35,870
down €35,870 (-8.4%), from €427,308 to €391,439
of which Furniture and vehicles: -€18,244
- Cash -€28,976
down €28,976 (-20.8%), from €139,247 to €110,271
mainly Other debts (-€46,113) and Tax, wage and social debts (-€15,289)
- Receivables within one year -€26,009
down €26,009 (-98.9%), from €26,292 to €283
of which Trade receivables: -€22,741
- Other debts -€46,113
down €46,113 (-52.3%), from €88,096 to €41,983
- Tax, wage and social debts -€15,289
down €15,289 (-38.5%), from €39,754 to €24,465
- Current portion of long-term debt -€14,575
down €14,575 (-93.2%), from €15,646 to €1,071
- Profit (loss) carried forward -€11,405
down €11,405 (-18.7%), from €61,128 to €49,723
- Gross operating margin -€232,961
down €232,961 (-89.1%), from €261,482 to €28,521
- Taxes -€72,539
down €72,539 (-99.4%), from €72,961 to €421
- Financial charges +€9,158
up €9,158 (+2,033%), from €450 to €9,608
of which Non-recurring financial charges: +€9,355
- Financial income +€5,105
up €5,105 (+51,049,600%), from €0 to €5,105
of which Non-recurring financial income: +€3,137
- Depreciation -€4,612
down €4,612 (-13.7%), from €33,701 to €29,090
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €594,347 | €501,992 | -€92,355 | -15.5% |
| Fixed assets | 21/28 | €427,308 | €391,439 | -€35,870 | -8.4% |
| Tangible fixed assets | 22/27 | €427,308 | €391,439 | -€35,870 | -8.4% |
| Land and buildings | 22 | €394,898 | €377,890 | -€17,008 | -4.3% |
| Plant, machinery and equipment | 23 | €1,789 | €1,171 | -€618 | -34.5% |
| Furniture and vehicles | 24 | €30,621 | €12,377 | -€18,244 | -59.6% |
| Current assets | 29/58 | €167,039 | €110,553 | -€56,485 | -33.8% |
| Amounts receivable within one year | 40/41 | €26,292 | €283 | -€26,009 | -98.9% |
| Trade receivables | 40 | €22,741 | - | -€22,741 | |
| Other amounts receivable | 41 | €3,551 | €283 | -€3,269 | -92.0% |
| Cash at bank and in hand | 54/58 | €139,247 | €110,271 | -€28,976 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €594,347 | €501,992 | -€92,355 | -15.5% |
| Equity | 10/15 | €445,703 | €434,298 | -€11,405 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €378,376 | €378,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €376,516 | €376,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,128 | €49,723 | -€11,405 | -18.7% |
| Amounts payable | 17/49 | €148,644 | €67,693 | -€80,950 | -54.5% |
| Amounts payable after more than one year | 17 | €1,071 | - | -€1,071 | |
| Financial debts | 170/4 | €1,071 | - | -€1,071 | |
| Amounts payable within one year | 42/48 | €147,573 | €67,693 | -€79,879 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €15,646 | €1,071 | -€14,575 | -93.2% |
| Trade debts | 44 | €4,077 | €175 | -€3,902 | -95.7% |
| Suppliers | 440/4 | €4,077 | €175 | -€3,902 | -95.7% |
| Taxes, remuneration and social security | 45 | €39,754 | €24,465 | -€15,289 | -38.5% |
| Taxes | 450/3 | €39,754 | €24,465 | -€15,289 | -38.5% |
| Other amounts payable | 47/48 | €88,096 | €41,983 | -€46,113 | -52.3% |
| Non-recurring operating income | 76A | €133,000 | - | -€133,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,701 | €29,090 | -€4,612 | -13.7% |
| Other operating charges | 640/8 | €5,731 | €5,911 | +€180 | +3.1% |
| Gross operating margin | 9900 | €261,482 | €28,521 | -€232,961 | -89.1% |
| Operating profit (loss) | 9901 | €222,050 | -€6,480 | -€228,530 | |
| Financial income | 75/76B | €0 | €5,105 | +€5,105 | +51,049,600% |
| Recurring financial income | 75 | €0 | €1,968 | +€1,968 | +19,677,800% |
| Non-recurring financial income | 76B | - | €3,137 | +€3,137 | |
| Financial charges | 65/66B | €450 | €9,608 | +€9,158 | +2,033% |
| Recurring financial charges | 65 | €450 | €253 | -€198 | -43.9% |
| Non-recurring financial charges | 66B | - | €9,355 | +€9,355 | |
| Profit (loss) for the period before taxes | 9903 | €221,599 | -€10,984 | -€232,583 | |
| Income taxes | 67/77 | €72,961 | €421 | -€72,539 | -99.4% |
| Profit (loss) for the period | 9904 | €148,639 | -€11,405 | -€160,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €148,639 | -€11,405 | -€160,043 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.