PEDESCO: 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.
PEDESCO
Largest movements
- Tangible fixed assets +€275,103
up €275,103 (+124.2%), from €221,539 to €496,642
of which Land and buildings: +€304,297
- Cash -€197,048
down €197,048 (-87.7%), from €224,698 to €27,650
mainly Investment in fixed assets (net) (-€306,352) and Debts after one year (-€16,723)
- Reserves +€37,068
up €37,068 (+111.8%), from €33,167 to €70,235
of which Distributable reserves: +€37,068
- Profit (loss) carried forward +€26,899
up €26,899, from -€26,899 to €0
- Advances received +€20,661
new in 2025: €20,661
- Debts after one year -€16,723
down €16,723 (-4.2%), from €400,000 to €383,277
- Current portion of long-term debt +€14,374
new in 2025: €14,374
- Gross operating margin +€136,955
up €136,955, from -€15,695 to €121,260
- Depreciation +€20,775
up €20,775 (+198.4%), from €10,473 to €31,248
- Taxes +€17,349
up €17,349 (+25580.2%), from €68 to €17,416
- Financial charges +€2,786
up €2,786 (+1453.1%), from €192 to €2,977
- Other operating charges +€1,345
up €1,345 (+285.3%), from €471 to €1,817
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 | €451,428 | €532,480 | +€81,052 | +18.0% |
| Fixed assets | 21/28 | €221,539 | €496,642 | +€275,103 | +124.2% |
| Tangible fixed assets | 22/27 | €221,539 | €496,642 | +€275,103 | +124.2% |
| Land and buildings | 22 | €191,407 | €495,704 | +€304,297 | +159.0% |
| Plant, machinery and equipment | 23 | €29,132 | €938 | -€28,193 | -96.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €229,889 | €35,837 | -€194,051 | -84.4% |
| Amounts receivable within one year | 40/41 | €3,989 | €6,994 | +€3,005 | +75.3% |
| Other amounts receivable | 41 | €3,989 | €6,994 | +€3,005 | +75.3% |
| Cash at bank and in hand | 54/58 | €224,698 | €27,650 | -€197,048 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,202 | €1,194 | -€8 | -0.7% |
| Total equity and liabilities | 10/49 | €451,428 | €532,480 | +€81,052 | +18.0% |
| Equity | 10/15 | €24,868 | €88,835 | +€63,967 | +257.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,167 | €70,235 | +€37,068 | +111.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,307 | €68,375 | +€37,068 | +118.4% |
| Profit (loss) carried forward | 14 | -€26,899 | €0 | +€26,899 | |
| Amounts payable | 17/49 | €426,559 | €443,644 | +€17,085 | +4.0% |
| Amounts payable after more than one year | 17 | €400,000 | €383,277 | -€16,723 | -4.2% |
| Financial debts | 170/4 | €400,000 | €383,277 | -€16,723 | -4.2% |
| Amounts payable within one year | 42/48 | €24,868 | €59,814 | +€34,946 | +140.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,374 | +€14,374 | |
| Trade debts | 44 | €492 | €388 | -€105 | -21.2% |
| Suppliers | 440/4 | €492 | €388 | -€105 | -21.2% |
| Advances received on contracts in progress | 46 | - | €20,661 | +€20,661 | |
| Taxes, remuneration and social security | 45 | €155 | €4,434 | +€4,278 | +2754.9% |
| Taxes | 450/3 | €155 | €4,434 | +€4,278 | +2754.9% |
| Other amounts payable | 47/48 | €24,220 | €19,958 | -€4,262 | -17.6% |
| Accrued charges and deferred income | 492/3 | €1,691 | €553 | -€1,138 | -67.3% |
| Non-recurring operating income | 76A | €1,670 | €872 | -€797 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,473 | €31,248 | +€20,775 | +198.4% |
| Other operating charges | 640/8 | €471 | €1,817 | +€1,345 | +285.3% |
| Non-recurring operating charges | 66A | - | €3,834 | +€3,834 | |
| Gross operating margin | 9900 | -€15,695 | €121,260 | +€136,955 | |
| Operating profit (loss) | 9901 | -€26,639 | €84,361 | +€111,000 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €192 | €2,977 | +€2,786 | +1453.1% |
| Recurring financial charges | 65 | €192 | €2,977 | +€2,786 | +1453.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,831 | €81,383 | +€108,214 | |
| Income taxes | 67/77 | €68 | €17,416 | +€17,349 | +25580.2% |
| Profit (loss) for the period | 9904 | -€26,899 | €63,967 | +€90,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,899 | €63,967 | +€90,866 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.