PEDERO: 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.
What changed
PEDERO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,298
2024 · €16,131+€5,166
Equity
€3.0m
2024 · €3.0m+€21,298
Cash
€57,752
2024 · €32,588+€25,164
Balance sheet total
€3.5m
2024 · €3.5m+€16,278
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€161,000
down €161,000 (-33.3%), from €483,000 to €322,000
- Debts after one year +€129,558
new in 2025: €129,558
Income statement
- Depreciation -€10,526
down €10,526 (-48.0%), from €21,923 to €11,397
- Financial charges +€4,597
up €4,597 (+16.6%), from €27,653 to €32,250
- Taxes +€2,073
up €2,073 (+19.5%), from €10,616 to €12,689
- Other operating charges -€1,715
down €1,715 (-33.3%), from €5,153 to €3,438
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
€16,131
Gross operating margin
-€404
Depreciation
+€10,526
Other operating charges
+€1,715
Financial income
-€0
Financial charges
-€4,597
Taxes
-€2,073
Result 2025
€21,298
raises the resultlowers the result
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.
From operations
+€65,112
Investment
-€31,506
Financing
-€8,442
Cash 2024
€32,588
From operations (derived)
+€65,112
Net result for the year
+€21,298
Depreciation
+€11,397
Receivables within one year
-€4,262
Deferred charges and accrued income
+€33,257
Trade debts
+€4,024
Tax, wage and social debts
+€4,344
Other debts
+€6,774
Accrued charges and deferred income
-€11,721
Investment (derived)
-€31,506
Investment in fixed assets (net)
-€31,506
Financing
-€8,442
Debts after one year
+€129,558
Current portion of long-term debt
+€23,000
Short-term financial debts
-€161,000
Cash 2025
€57,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,495,289 | €3,511,566 | +€16,278 | +0.5% |
| Fixed assets | 21/28 | €2,580,707 | €2,600,816 | +€20,109 | +0.8% |
| Tangible fixed assets | 22/27 | €8,707 | €28,816 | +€20,109 | +231% |
| Plant, machinery and equipment | 23 | €7,080 | €1,512 | -€5,568 | -78.6% |
| Furniture and vehicles | 24 | €1,628 | €27,305 | +€25,677 | +1,577% |
| Financial fixed assets | 28 | €2,572,000 | €2,572,000 | = | 0.0% |
| Current assets | 29/58 | €914,581 | €910,750 | -€3,831 | -0.4% |
| Stocks and contracts in progress | 3 | €773,489 | €773,489 | = | 0.0% |
| Stocks | 30/36 | €773,489 | €773,489 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,866 | €77,128 | +€4,262 | +5.8% |
| Trade receivables | 40 | €52,493 | €61,053 | +€8,560 | +16.3% |
| Other amounts receivable | 41 | €20,373 | €16,075 | -€4,298 | -21.1% |
| Cash at bank and in hand | 54/58 | €32,588 | €57,752 | +€25,164 | +77.2% |
| Deferred charges and accrued income | 490/1 | €35,638 | €2,381 | -€33,257 | -93.3% |
| Total equity and liabilities | 10/49 | €3,495,289 | €3,511,566 | +€16,278 | +0.5% |
| Equity | 10/15 | €2,951,032 | €2,972,330 | +€21,298 | +0.7% |
| Contributions | 10/11 | €1,528,000 | €1,528,000 | = | 0.0% |
| Reserves | 13 | €1,423,032 | €1,444,330 | +€21,298 | +1.5% |
| Distributable reserves | 133 | €1,423,032 | €1,444,330 | +€21,298 | +1.5% |
| Amounts payable | 17/49 | €544,257 | €539,236 | -€5,020 | -0.9% |
| Amounts payable after more than one year | 17 | - | €129,558 | +€129,558 | |
| Financial debts | 170/4 | - | €129,558 | +€129,558 | |
| Amounts payable within one year | 42/48 | €526,115 | €403,258 | -€122,857 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | - | €23,000 | +€23,000 | |
| Financial debts | 43 | €483,000 | €322,000 | -€161,000 | -33.3% |
| Credit institutions | 430/8 | €483,000 | €322,000 | -€161,000 | -33.3% |
| Trade debts | 44 | €4,266 | €8,291 | +€4,024 | +94.3% |
| Suppliers | 440/4 | €4,266 | €8,291 | +€4,024 | +94.3% |
| Taxes, remuneration and social security | 45 | €9,151 | €13,495 | +€4,344 | +47.5% |
| Taxes | 450/3 | €9,151 | €13,495 | +€4,344 | +47.5% |
| Other amounts payable | 47/48 | €29,698 | €36,472 | +€6,774 | +22.8% |
| Accrued charges and deferred income | 492/3 | €18,141 | €6,421 | -€11,721 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,923 | €11,397 | -€10,526 | -48.0% |
| Other operating charges | 640/8 | €5,153 | €3,438 | -€1,715 | -33.3% |
| Gross operating margin | 9900 | €81,477 | €81,072 | -€404 | -0.5% |
| Operating profit (loss) | 9901 | €54,401 | €66,237 | +€11,836 | +21.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €27,653 | €32,250 | +€4,597 | +16.6% |
| Recurring financial charges | 65 | €27,653 | €32,250 | +€4,597 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €26,748 | €33,987 | +€7,239 | +27.1% |
| Income taxes | 67/77 | €10,616 | €12,689 | +€2,073 | +19.5% |
| Profit (loss) for the period | 9904 | €16,131 | €21,298 | +€5,166 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,131 | €21,298 | +€5,166 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.