Pedelmar: 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.
Pedelmar
Largest movements
- Tangible fixed assets +€447,531
up €447,531 (+31.5%), from €1.4m to €1.9m
- Cash -€36,541
down €36,541 (-54.6%), from €66,870 to €30,329
mainly Investment in fixed assets (net) (-€480,854) and Net result for the year (-€34,075)
- Debts after one year +€335,353
new in 2025: €335,353
- Other debts +€94,027
new in 2025: €94,027
- Profit (loss) carried forward -€34,075
new in 2025: -€34,075
- Gross operating margin -€29,837
down €29,837 (-62.3%), from €47,906 to €18,069
- Financial charges +€9,610
up €9,610 (+629.2%), from €1,527 to €11,138
- Depreciation +€7,882
up €7,882 (+31.0%), from €25,441 to €33,324
- Taxes -€5,390
no longer reported in 2025 (was €5,390)
- Other operating charges +€2,026
up €2,026 (+40.4%), from €5,010 to €7,036
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 | €1,494,049 | €1,905,426 | +€411,377 | +27.5% |
| Fixed assets | 21/28 | €1,421,567 | €1,869,097 | +€447,531 | +31.5% |
| Tangible fixed assets | 22/27 | €1,421,567 | €1,869,097 | +€447,531 | +31.5% |
| Land and buildings | 22 | €1,421,567 | €1,869,097 | +€447,531 | +31.5% |
| Current assets | 29/58 | €72,482 | €36,329 | -€36,153 | -49.9% |
| Amounts receivable within one year | 40/41 | €5,612 | €6,000 | +€388 | +6.9% |
| Other amounts receivable | 41 | €5,612 | €6,000 | +€388 | +6.9% |
| Cash at bank and in hand | 54/58 | €66,870 | €30,329 | -€36,541 | -54.6% |
| Total equity and liabilities | 10/49 | €1,494,049 | €1,905,426 | +€411,377 | +27.5% |
| Equity | 10/15 | €1,486,288 | €1,452,213 | -€34,075 | -2.3% |
| Contributions | 10/11 | €1,440,600 | €1,440,600 | = | 0.0% |
| Reserves | 13 | €45,688 | €45,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €290 | €290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €290 | €290 | = | 0.0% |
| Distributable reserves | 133 | €45,398 | €45,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€34,075 | -€34,075 | |
| Amounts payable | 17/49 | €7,761 | €453,213 | +€445,453 | +5739.8% |
| Amounts payable after more than one year | 17 | - | €335,353 | +€335,353 | |
| Financial debts | 170/4 | - | €335,353 | +€335,353 | |
| Amounts payable within one year | 42/48 | €7,761 | €117,860 | +€110,099 | +1418.7% |
| Current portion of amounts payable after more than one year | 42 | €4,792 | €20,442 | +€15,650 | +326.5% |
| Financial debts | 43 | €1,333 | €2,000 | +€667 | +50.0% |
| Credit institutions | 430/8 | €1,333 | €2,000 | +€667 | +50.0% |
| Trade debts | 44 | - | €1 | +€1 | |
| Suppliers | 440/4 | - | €1 | +€1 | |
| Taxes, remuneration and social security | 45 | €1,635 | €1,390 | -€245 | -15.0% |
| Taxes | 450/3 | €1,635 | €1,390 | -€245 | -15.0% |
| Other amounts payable | 47/48 | - | €94,027 | +€94,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,441 | €33,324 | +€7,882 | +31.0% |
| Other operating charges | 640/8 | €5,010 | €7,036 | +€2,026 | +40.4% |
| Non-recurring operating charges | 66A | - | €647 | +€647 | |
| Gross operating margin | 9900 | €47,906 | €18,069 | -€29,837 | -62.3% |
| Operating profit (loss) | 9901 | €17,454 | -€22,938 | -€40,392 | |
| Financial income | 75/76B | €472 | - | -€472 | |
| Recurring financial income | 75 | €472 | - | -€472 | |
| Financial charges | 65/66B | €1,527 | €11,138 | +€9,610 | +629.2% |
| Recurring financial charges | 65 | €1,527 | €11,138 | +€9,610 | +629.2% |
| Profit (loss) for the period before taxes | 9903 | €16,398 | -€34,075 | -€50,474 | |
| Income taxes | 67/77 | €5,390 | - | -€5,390 | |
| Profit (loss) for the period | 9904 | €11,008 | -€34,075 | -€45,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,008 | -€34,075 | -€45,084 |
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 4 October 2026 via checked.be.