PED Tassignon: 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.
PED Tassignon
Largest movements
- Cash +€118,224
up €118,224 (+32.1%), from €367,998 to €486,223
mainly Net result for the year (+€122,633) and Tax, wage and social debts (+€3,735)
- Deferred charges and accrued income +€9,673
up €9,673 (+93.0%), from €10,402 to €20,075
- Reserves +€122,633
up €122,633 (+24.1%), from €507,881 to €630,514
- Gross operating margin +€2,980
up €2,980 (+1.7%), from €174,804 to €177,785
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.
Derived cash bridge
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 | €544,856 | €671,075 | +€126,219 | +23.2% |
| Fixed assets | 21/28 | €3,203 | €2,829 | -€374 | -11.7% |
| Tangible fixed assets | 22/27 | €3,203 | €2,829 | -€374 | -11.7% |
| Plant, machinery and equipment | 23 | €535 | - | -€535 | |
| Furniture and vehicles | 24 | €2,668 | €2,829 | +€161 | +6.0% |
| Current assets | 29/58 | €541,653 | €668,246 | +€126,593 | +23.4% |
| Amounts receivable within one year | 40/41 | €10,677 | €7,373 | -€3,304 | -30.9% |
| Trade receivables | 40 | €1,464 | €5,123 | +€3,659 | +250% |
| Other amounts receivable | 41 | €9,213 | €2,250 | -€6,963 | -75.6% |
| Current investments | 50/53 | €152,575 | €154,575 | +€2,000 | +1.3% |
| Cash at bank and in hand | 54/58 | €367,998 | €486,223 | +€118,224 | +32.1% |
| Deferred charges and accrued income | 490/1 | €10,402 | €20,075 | +€9,673 | +93.0% |
| Total equity and liabilities | 10/49 | €544,856 | €671,075 | +€126,219 | +23.2% |
| Equity | 10/15 | €520,281 | €642,914 | +€122,633 | +23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €507,881 | €630,514 | +€122,633 | +24.1% |
| Distributable reserves | 133 | €507,881 | €630,514 | +€122,633 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €24,575 | €28,161 | +€3,587 | +14.6% |
| Amounts payable within one year | 42/48 | €24,575 | €28,101 | +€3,526 | +14.3% |
| Trade debts | 44 | €292 | €2,303 | +€2,011 | +689% |
| Suppliers | 440/4 | €292 | €2,303 | +€2,011 | +689% |
| Taxes, remuneration and social security | 45 | €22,063 | €25,798 | +€3,735 | +16.9% |
| Taxes | 450/3 | €22,063 | €25,798 | +€3,735 | +16.9% |
| Other amounts payable | 47/48 | €2,219 | - | -€2,219 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,315 | -€200 | -13.2% |
| Other operating charges | 640/8 | €1,426 | €728 | -€698 | -48.9% |
| Gross operating margin | 9900 | €174,804 | €177,785 | +€2,980 | +1.7% |
| Operating profit (loss) | 9901 | €171,863 | €175,741 | +€3,878 | +2.3% |
| Financial income | 75/76B | €7,225 | €5,884 | -€1,340 | -18.6% |
| Recurring financial income | 75 | €4,608 | €3 | -€4,606 | -99.9% |
| Non-recurring financial income | 76B | €2,616 | €5,882 | +€3,266 | +125% |
| Financial charges | 65/66B | €79 | €158 | +€79 | +101% |
| Recurring financial charges | 65 | €79 | €158 | +€79 | +101% |
| Profit (loss) for the period before taxes | 9903 | €179,009 | €181,467 | +€2,458 | +1.4% |
| Income taxes | 67/77 | €58,446 | €58,835 | +€389 | +0.7% |
| Profit (loss) for the period | 9904 | €120,563 | €122,633 | +€2,070 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,563 | €122,633 | +€2,070 | +1.7% |
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 22 October 2026 via checked.be.