PEDALCO: 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.
PEDALCO
Largest movements
- Receivables after one year -€115,000
down €115,000 (-15.9%), from €725,000 to €610,000
- Tangible fixed assets +€39,519
up €39,519 (+363%), from €10,900 to €50,419
of which Other tangible fixed assets: +€40,738
- Receivables within one year +€19,799
up €19,799 (+47.3%), from €41,868 to €61,667
of which Other amounts receivable: +€19,275
- Current portion of long-term debt -€70,000
down €70,000 (-100%), from €70,000 to €0
- Reserves +€9,332
up €9,332 (+14.5%), from €64,510 to €73,842
- Gross operating margin -€10,334
down €10,334 (-42.1%), from €24,575 to €14,241
- Depreciation +€2,298
up €2,298 (+120%), from €1,916 to €4,214
- Taxes -€1,670
down €1,670 (-16.6%), from €10,057 to €8,387
- Financial charges +€826
up €826 (+13.9%), from €5,941 to €6,767
- Other operating charges -€776
down €776 (-47.5%), from €1,633 to €857
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 | €833,005 | €767,092 | -€65,913 | -7.9% |
| Fixed assets | 21/28 | €10,900 | €50,419 | +€39,519 | +363% |
| Tangible fixed assets | 22/27 | €10,900 | €50,419 | +€39,519 | +363% |
| Furniture and vehicles | 24 | €3,765 | €2,546 | -€1,219 | -32.4% |
| Other tangible fixed assets | 26 | €7,135 | €47,873 | +€40,738 | +571% |
| Current assets | 29/58 | €822,105 | €716,673 | -€105,432 | -12.8% |
| Amounts receivable after more than one year | 29 | €725,000 | €610,000 | -€115,000 | -15.9% |
| Other amounts receivable | 291 | €725,000 | €610,000 | -€115,000 | -15.9% |
| Amounts receivable within one year | 40/41 | €41,868 | €61,667 | +€19,799 | +47.3% |
| Trade receivables | 40 | €184 | €709 | +€524 | +284% |
| Other amounts receivable | 41 | €41,683 | €60,958 | +€19,275 | +46.2% |
| Cash at bank and in hand | 54/58 | €31,200 | €23,662 | -€7,538 | -24.2% |
| Deferred charges and accrued income | 490/1 | €24,038 | €21,344 | -€2,694 | -11.2% |
| Total equity and liabilities | 10/49 | €833,005 | €767,092 | -€65,913 | -7.9% |
| Equity | 10/15 | €82,456 | €91,788 | +€9,332 | +11.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,510 | €73,842 | +€9,332 | +14.5% |
| Distributable reserves | 133 | €64,510 | €73,842 | +€9,332 | +14.5% |
| Profit (loss) carried forward | 14 | €12,946 | €12,946 | = | 0.0% |
| Amounts payable | 17/49 | €750,549 | €675,304 | -€75,245 | -10.0% |
| Amounts payable after more than one year | 17 | €650,000 | €650,000 | = | 0.0% |
| Financial debts | 170/4 | €650,000 | €650,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,876 | €19,231 | -€74,645 | -79.5% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €0 | -€70,000 | -100% |
| Trade debts | 44 | €5,946 | €5,519 | -€427 | -7.2% |
| Suppliers | 440/4 | €5,946 | €5,519 | -€427 | -7.2% |
| Taxes, remuneration and social security | 45 | €17,930 | €13,713 | -€4,218 | -23.5% |
| Taxes | 450/3 | €17,930 | €13,713 | -€4,218 | -23.5% |
| Accrued charges and deferred income | 492/3 | €6,673 | €6,073 | -€600 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €4,214 | +€2,298 | +120% |
| Other operating charges | 640/8 | €1,633 | €857 | -€776 | -47.5% |
| Gross operating margin | 9900 | €24,575 | €14,241 | -€10,334 | -42.1% |
| Operating profit (loss) | 9901 | €21,026 | €9,170 | -€11,856 | -56.4% |
| Financial income | 75/76B | €15,649 | €15,316 | -€333 | -2.1% |
| Recurring financial income | 75 | €15,649 | €15,316 | -€333 | -2.1% |
| Financial charges | 65/66B | €5,941 | €6,767 | +€826 | +13.9% |
| Recurring financial charges | 65 | €5,941 | €6,767 | +€826 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €30,734 | €17,719 | -€13,015 | -42.3% |
| Income taxes | 67/77 | €10,057 | €8,387 | -€1,670 | -16.6% |
| Profit (loss) for the period | 9904 | €20,677 | €9,332 | -€11,345 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,677 | €9,332 | -€11,345 | -54.9% |
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 1 November 2026 via checked.be.