PEDA LINES: 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.
PEDA LINES
Largest movements
- Cash +€18,464
up €18,464 (+60.9%), from €30,341 to €48,805
mainly Depreciation (+€225,532) and Trade debts (+€49,677)
- Current investments +€13,089
up €13,089 (+21.1%), from €61,911 to €75,000
- Trade debts +€49,677
up €49,677 (+46.4%), from €107,024 to €156,701
- Current portion of long-term debt -€35,483
down €35,483 (-12.7%), from €280,247 to €244,764
- Reserves +€14,407
up €14,407 (+5.5%), from €263,349 to €277,756
- Debts after one year -€13,585
down €13,585 (-4.2%), from €323,906 to €310,321
- Gross operating margin +€93,209
up €93,209 (+10.2%), from €917,091 to €1.0m
- Staff costs +€84,746
up €84,746 (+16.6%), from €510,297 to €595,043
- Other operating charges +€28,698
up €28,698 (+24.1%), from €118,959 to €147,657
- Depreciation -€15,937
down €15,937 (-6.6%), from €241,469 to €225,532
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 | €1,037,064 | €1,058,427 | +€21,363 | +2.1% |
| Fixed assets | 21/28 | €617,344 | €607,057 | -€10,287 | -1.7% |
| Tangible fixed assets | 22/27 | €610,485 | €600,198 | -€10,287 | -1.7% |
| Plant, machinery and equipment | 23 | €14,022 | €10,447 | -€3,575 | -25.5% |
| Furniture and vehicles | 24 | €91,726 | €68,415 | -€23,311 | -25.4% |
| Leasing and similar rights | 25 | €504,737 | €521,336 | +€16,599 | +3.3% |
| Financial fixed assets | 28 | €6,859 | €6,859 | = | 0.0% |
| Current assets | 29/58 | €419,720 | €451,370 | +€31,650 | +7.5% |
| Amounts receivable within one year | 40/41 | €266,131 | €273,502 | +€7,372 | +2.8% |
| Trade receivables | 40 | €206,123 | €227,238 | +€21,115 | +10.2% |
| Other amounts receivable | 41 | €60,008 | €46,265 | -€13,743 | -22.9% |
| Current investments | 50/53 | €61,911 | €75,000 | +€13,089 | +21.1% |
| Cash at bank and in hand | 54/58 | €30,341 | €48,805 | +€18,464 | +60.9% |
| Deferred charges and accrued income | 490/1 | €61,338 | €54,062 | -€7,276 | -11.9% |
| Total equity and liabilities | 10/49 | €1,037,064 | €1,058,427 | +€21,363 | +2.1% |
| Equity | 10/15 | €203,750 | €218,156 | +€14,407 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263,349 | €277,756 | +€14,407 | +5.5% |
| Distributable reserves | 133 | €263,349 | €277,756 | +€14,407 | +5.5% |
| Profit (loss) carried forward | 14 | -€78,200 | -€78,200 | = | 0.0% |
| Amounts payable | 17/49 | €833,314 | €840,271 | +€6,956 | +0.8% |
| Amounts payable after more than one year | 17 | €323,906 | €310,321 | -€13,585 | -4.2% |
| Financial debts | 170/4 | €323,906 | €310,321 | -€13,585 | -4.2% |
| Amounts payable within one year | 42/48 | €507,273 | €527,814 | +€20,541 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €280,247 | €244,764 | -€35,483 | -12.7% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €107,024 | €156,701 | +€49,677 | +46.4% |
| Suppliers | 440/4 | €107,024 | €156,701 | +€49,677 | +46.4% |
| Taxes, remuneration and social security | 45 | €95,002 | €101,349 | +€6,347 | +6.7% |
| Taxes | 450/3 | €38,484 | €32,906 | -€5,578 | -14.5% |
| Remuneration and social security | 454/9 | €56,518 | €68,444 | +€11,925 | +21.1% |
| Accrued charges and deferred income | 492/3 | €2,136 | €2,136 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €510,297 | €595,043 | +€84,746 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,469 | €225,532 | -€15,937 | -6.6% |
| Other operating charges | 640/8 | €118,959 | €147,657 | +€28,698 | +24.1% |
| Gross operating margin | 9900 | €917,091 | €1,010,300 | +€93,209 | +10.2% |
| Operating profit (loss) | 9901 | €46,366 | €42,067 | -€4,298 | -9.3% |
| Financial income | 75/76B | €1,447 | €3,517 | +€2,069 | +143% |
| Recurring financial income | 75 | €1,447 | €3,517 | +€2,069 | +143% |
| Financial charges | 65/66B | €20,648 | €29,004 | +€8,355 | +40.5% |
| Recurring financial charges | 65 | €20,648 | €29,004 | +€8,355 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €27,165 | €16,580 | -€10,584 | -39.0% |
| Income taxes | 67/77 | €3,216 | €2,174 | -€1,042 | -32.4% |
| Profit (loss) for the period | 9904 | €23,949 | €14,407 | -€9,542 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,949 | €14,407 | -€9,542 | -39.8% |
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 16 October 2026 via checked.be.