PEDE: what changed
Two fiscal 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.
What changed
PEDE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€88,198
2024 · €225,048-€136,850
Equity
€4.6m
2024 · €6.3m-€1.7m
Cash
€6,368
2024 · €7,691-€1,323
Balance sheet total
€10.8m
2024 · €13.1m-€2.3m
Largest movements
Assets
- Financial fixed assets -€3.4m
down €3.4m (-81.8%), from €4.1m to €751,873
- Intangible fixed assets +€1.2m
up €1.2m (+613.8%), from €195,668 to €1.4m
- Tangible fixed assets -€189,240
down €189,240 (-2.3%), from €8.1m to €7.9m
of which Land and buildings: -€105,080
Equity and liabilities
- Reserves -€1.7m
down €1.7m (-29.4%), from €5.7m to €4.1m
of which Distributable reserves: -€1.6m
- Debts after one year -€600,832
down €600,832 (-18.4%), from €3.3m to €2.7m
- Other debts +€551,365
up €551,365 (+28.9%), from €1.9m to €2.5m
- Current portion of long-term debt -€467,653
down €467,653 (-39.1%), from €1.2m to €727,169
Income statement
- Depreciation +€204,523
up €204,523 (+41.4%), from €493,889 to €698,411
- Services and other goods +€68,144
up €68,144 (+42.7%), from €159,603 to €227,746
- Other operating income +€57,301
up €57,301 (+4.0%), from €1.4m to €1.5m
- Other operating charges +€19,377
up €19,377 (+22.5%), from €86,262 to €105,639
- Turnover +€14,996
up €14,996, from €0 to €14,996
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.
Result 2024
€225,048
Turnover
+€14,996
Other operating income
+€57,301
Services and other goods
-€68,144
Staff costs
-€6,099
Depreciation
-€204,523
Other operating charges
-€19,377
Other operating items
+€83,764
Financial income
+€320
Financial charges
+€228
Taxes
+€4,683
Result 2025
€88,198
Cash bridge derived
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.
From operations
+€1.2m
Investment
+€1.7m
Financing
-€2.9m
Cash 2024
€7,691
From operations (derived)
+€1.2m
Net result for the year
+€88,198
Depreciation
+€698,411
Receivables within one year
-€43,734
Deferred charges and accrued income
-€42
Provisions
-€16,509
Trade debts
-€76,278
Tax, wage and social debts
-€25,693
Other debts
+€551,365
Investment (derived)
+€1.7m
Investment in fixed assets (net)
+€1.7m
Financing
-€2.9m
Debts after one year
-€600,832
Current portion of long-term debt
-€467,653
Contributions, distributions and other
-€1.8m
Cash 2025
€6,368
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,114,639 | €10,783,710 | -€2.3m | -17.8% |
| Fixed assets | 21/28 | €12,456,736 | €10,083,354 | -€2.4m | -19.1% |
| Intangible fixed assets | 21 | €195,668 | €1,396,718 | +€1.2m | +613.8% |
| Tangible fixed assets | 22/27 | €8,124,003 | €7,934,763 | -€189,240 | -2.3% |
| Land and buildings | 22 | €7,738,634 | €7,633,553 | -€105,080 | -1.4% |
| Plant, machinery and equipment | 23 | €295,173 | €236,020 | -€59,153 | -20.0% |
| Furniture and vehicles | 24 | €90,196 | €65,190 | -€25,006 | -27.7% |
| Financial fixed assets | 28 | €4,137,065 | €751,873 | -€3.4m | -81.8% |
| Affiliated companies | 280/1 | €4,137,065 | €751,873 | -€3.4m | -81.8% |
| Participating interests | 280 | €4,137,065 | €751,873 | -€3.4m | -81.8% |
| Current assets | 29/58 | €657,903 | €700,356 | +€42,453 | +6.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €649,265 | €692,999 | +€43,734 | +6.7% |
| Trade receivables | 40 | €23,751 | €32,052 | +€8,301 | +35.0% |
| Other amounts receivable | 41 | €625,514 | €660,947 | +€35,433 | +5.7% |
| Cash at bank and in hand | 54/58 | €7,691 | €6,368 | -€1,323 | -17.2% |
| Deferred charges and accrued income | 490/1 | €947 | €989 | +€42 | +4.4% |
| Total equity and liabilities | 10/49 | €13,114,639 | €10,783,710 | -€2.3m | -17.8% |
| Equity | 10/15 | €6,263,263 | €4,567,932 | -€1.7m | -27.1% |
| Contributions | 10/11 | €527,248 | €516,160 | -€11,088 | -2.1% |
| Reserves | 13 | €5,736,015 | €4,051,773 | -€1.7m | -29.4% |
| Tax-exempt reserves | 132 | €582,873 | €517,711 | -€65,162 | -11.2% |
| Distributable reserves | 133 | €5,153,142 | €3,534,062 | -€1.6m | -31.4% |
| Provisions and deferred taxes | 16 | €160,556 | €144,047 | -€16,509 | -10.3% |
| Deferred taxes | 168 | €160,556 | €144,047 | -€16,509 | -10.3% |
| Amounts payable | 17/49 | €6,690,820 | €6,071,731 | -€619,089 | -9.3% |
| Amounts payable after more than one year | 17 | €3,264,053 | €2,663,222 | -€600,832 | -18.4% |
| Financial debts | 170/4 | €3,264,053 | €2,663,222 | -€600,832 | -18.4% |
| Credit institutions | 173 | €3,264,053 | €2,663,222 | -€600,832 | -18.4% |
| Amounts payable within one year | 42/48 | €3,426,767 | €3,408,509 | -€18,258 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €1,194,822 | €727,169 | -€467,653 | -39.1% |
| Trade debts | 44 | €230,712 | €154,434 | -€76,278 | -33.1% |
| Suppliers | 440/4 | €230,712 | €154,434 | -€76,278 | -33.1% |
| Taxes, remuneration and social security | 45 | €94,087 | €68,394 | -€25,693 | -27.3% |
| Taxes | 450/3 | €77,941 | €51,225 | -€26,717 | -34.3% |
| Remuneration and social security | 454/9 | €16,146 | €17,170 | +€1,024 | +6.3% |
| Other amounts payable | 47/48 | €1,907,147 | €2,458,512 | +€551,365 | +28.9% |
| Operating income | 70/76A | €1,416,129 | €1,488,426 | +€72,297 | +5.1% |
| Turnover | 70 | €0 | €14,996 | +€14,996 | |
| Other operating income | 74 | €1,416,129 | €1,473,430 | +€57,301 | +4.0% |
| Operating charges | 60/66A | €940,703 | €1,155,081 | +€214,378 | +22.8% |
| Services and other goods | 61 | €159,603 | €227,746 | +€68,144 | +42.7% |
| Remuneration, social security and pensions | 62 | €117,186 | €123,285 | +€6,099 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493,889 | €698,411 | +€204,523 | +41.4% |
| Other operating charges | 640/8 | €86,262 | €105,639 | +€19,377 | +22.5% |
| Non-recurring operating charges | 66A | €83,764 | €0 | -€83,764 | -100.0% |
| Operating profit (loss) | 9901 | €475,426 | €333,345 | -€142,081 | -29.9% |
| Financial income | 75/76B | €0 | €320 | +€320 | |
| Recurring financial income | 75 | €0 | €320 | +€320 | |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Other financial income | 752/9 | - | €320 | +€320 | |
| Financial charges | 65/66B | €180,023 | €179,795 | -€228 | -0.1% |
| Recurring financial charges | 65 | €180,023 | €179,795 | -€228 | -0.1% |
| Debt charges | 650 | €180,023 | €179,475 | -€549 | -0.3% |
| Other financial charges | 652/9 | €0 | €321 | +€321 | |
| Profit (loss) for the period before taxes | 9903 | €295,403 | €153,869 | -€141,533 | -47.9% |
| Transfer from deferred taxes | 780 | €16,509 | €16,509 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €86,864 | €82,180 | -€4,683 | -5.4% |
| Taxes | 670/3 | €86,864 | €82,180 | -€4,683 | -5.4% |
| Profit (loss) for the period | 9904 | €225,048 | €88,198 | -€136,850 | -60.8% |
| Transfer from tax-exempt reserves | 789 | €49,528 | €49,528 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €274,576 | €137,726 | -€136,850 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.