PedEC: 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.
PedEC
Largest movements
- Cash +€63,465
up €63,465 (+165.4%), from €38,368 to €101,834
mainly Net result for the year (+€108,487) and Depreciation (+€11,797)
- Tangible fixed assets +€46,799
up €46,799 (+5517.5%), from €848 to €47,647
of which Furniture and vehicles: +€44,867
- Receivables within one year -€6,195
down €6,195 (-12.1%), from €51,095 to €44,900
of which Trade receivables: -€6,475
- Reserves +€108,487
up €108,487 (+89.4%), from €121,399 to €229,886
- Tax, wage and social debts -€4,447
down €4,447 (-30.2%), from €14,727 to €10,280
- Depreciation +€11,526
up €11,526 (+4256.3%), from €271 to €11,797
- Gross operating margin -€6,232
down €6,232 (-4.0%), from €156,615 to €150,383
- Taxes -€4,447
down €4,447 (-12.8%), from €34,727 to €30,280
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,312 | €244,381 | +€104,069 | +74.2% |
| Fixed assets | 21/28 | €848 | €47,647 | +€46,799 | +5517.5% |
| Tangible fixed assets | 22/27 | €848 | €47,647 | +€46,799 | +5517.5% |
| Plant, machinery and equipment | 23 | €848 | €2,780 | +€1,932 | +227.8% |
| Furniture and vehicles | 24 | - | €44,867 | +€44,867 | |
| Current assets | 29/58 | €139,463 | €196,734 | +€57,270 | +41.1% |
| Amounts receivable within one year | 40/41 | €51,095 | €44,900 | -€6,195 | -12.1% |
| Trade receivables | 40 | €51,095 | €44,620 | -€6,475 | -12.7% |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,368 | €101,834 | +€63,465 | +165.4% |
| Total equity and liabilities | 10/49 | €140,312 | €244,381 | +€104,069 | +74.2% |
| Equity | 10/15 | €123,899 | €232,386 | +€108,487 | +87.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €121,399 | €229,886 | +€108,487 | +89.4% |
| Distributable reserves | 133 | €121,399 | €229,886 | +€108,487 | +89.4% |
| Amounts payable | 17/49 | €16,412 | €11,994 | -€4,418 | -26.9% |
| Amounts payable within one year | 42/48 | €16,412 | €11,994 | -€4,418 | -26.9% |
| Trade debts | 44 | €1,685 | €1,714 | +€29 | +1.7% |
| Suppliers | 440/4 | €1,685 | €1,714 | +€29 | +1.7% |
| Taxes, remuneration and social security | 45 | €14,727 | €10,280 | -€4,447 | -30.2% |
| Taxes | 450/3 | €14,727 | €10,280 | -€4,447 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €11,797 | +€11,526 | +4256.3% |
| Other operating charges | 640/8 | €219 | €1,254 | +€1,035 | +472.7% |
| Gross operating margin | 9900 | €156,615 | €150,383 | -€6,232 | -4.0% |
| Operating profit (loss) | 9901 | €156,125 | €137,332 | -€18,793 | -12.0% |
| Financial income | 75/76B | €1 | €1,551 | +€1,550 | +170315.4% |
| Recurring financial income | 75 | €1 | €1,551 | +€1,550 | +170315.4% |
| Financial charges | 65/66B | - | €115 | +€115 | |
| Recurring financial charges | 65 | - | €115 | +€115 | |
| Profit (loss) for the period before taxes | 9903 | €156,126 | €138,767 | -€17,359 | -11.1% |
| Income taxes | 67/77 | €34,727 | €30,280 | -€4,447 | -12.8% |
| Profit (loss) for the period | 9904 | €121,399 | €108,487 | -€12,912 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,399 | €108,487 | -€12,912 | -10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.