PEDEVAN: 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.
PEDEVAN
Largest movements
- Tangible fixed assets +€235,229
up €235,229 (+149%), from €157,609 to €392,839
- Cash -€65,291
down €65,291 (-77.0%), from €84,845 to €19,554
mainly Investment in fixed assets (net) (-€266,200) and Net result for the year (-€21,449)
- Debts after one year +€123,588
new in 2025: €123,588
- Trade debts +€73,041
up €73,041 (+6,301%), from €1,159 to €74,200
- Reserves -€20,085
down €20,085 (-9.1%), from €221,685 to €201,600
of which Tax-exempt reserves: -€20,085
- Provisions -€6,695
down €6,695 (-9.1%), from €73,275 to €66,580
- Current portion of long-term debt +€5,854
new in 2025: €5,854
- Depreciation +€21,763
up €21,763 (+236%), from €9,208 to €30,971
- Gross operating margin -€7,201
down €7,201 (-64.9%), from €11,088 to €3,887
- Financial charges +€2,098
up €2,098 (+4,456%), from €47 to €2,145
- Other operating charges -€1,284
down €1,284 (-35.9%), from €3,573 to €2,289
- Financial income +€553
up €553 (+19.6%), from €2,821 to €3,373
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,975 | €478,314 | +€174,340 | +57.4% |
| Fixed assets | 21/28 | €157,609 | €392,839 | +€235,229 | +149% |
| Tangible fixed assets | 22/27 | €157,609 | €392,839 | +€235,229 | +149% |
| Land and buildings | 22 | €157,609 | €392,839 | +€235,229 | +149% |
| Current assets | 29/58 | €146,365 | €85,476 | -€60,890 | -41.6% |
| Amounts receivable within one year | 40/41 | €60,568 | €62,646 | +€2,077 | +3.4% |
| Other amounts receivable | 41 | €60,568 | €62,646 | +€2,077 | +3.4% |
| Cash at bank and in hand | 54/58 | €84,845 | €19,554 | -€65,291 | -77.0% |
| Deferred charges and accrued income | 490/1 | €951 | €3,276 | +€2,324 | +244% |
| Total equity and liabilities | 10/49 | €303,975 | €478,314 | +€174,340 | +57.4% |
| Equity | 10/15 | €227,324 | €205,876 | -€21,449 | -9.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €221,685 | €201,600 | -€20,085 | -9.1% |
| Tax-exempt reserves | 132 | €219,825 | €199,740 | -€20,085 | -9.1% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,911 | -€14,275 | -€1,364 | -10.6% |
| Provisions and deferred taxes | 16 | €73,275 | €66,580 | -€6,695 | -9.1% |
| Deferred taxes | 168 | €73,275 | €66,580 | -€6,695 | -9.1% |
| Amounts payable | 17/49 | €3,375 | €205,859 | +€202,484 | +6,000% |
| Amounts payable after more than one year | 17 | - | €123,588 | +€123,588 | |
| Financial debts | 170/4 | - | €123,588 | +€123,588 | |
| Amounts payable within one year | 42/48 | €1,159 | €80,054 | +€78,894 | +6,806% |
| Current portion of amounts payable after more than one year | 42 | - | €5,854 | +€5,854 | |
| Trade debts | 44 | €1,159 | €74,200 | +€73,041 | +6,301% |
| Suppliers | 440/4 | €1,159 | €74,200 | +€73,041 | +6,301% |
| Accrued charges and deferred income | 492/3 | €2,216 | €2,217 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,208 | €30,971 | +€21,763 | +236% |
| Other operating charges | 640/8 | €3,573 | €2,289 | -€1,284 | -35.9% |
| Gross operating margin | 9900 | €11,088 | €3,887 | -€7,201 | -64.9% |
| Operating profit (loss) | 9901 | -€1,693 | -€29,373 | -€27,680 | -1,635% |
| Financial income | 75/76B | €2,821 | €3,373 | +€553 | +19.6% |
| Recurring financial income | 75 | €2,821 | €3,373 | +€553 | +19.6% |
| Financial charges | 65/66B | €47 | €2,145 | +€2,098 | +4,456% |
| Recurring financial charges | 65 | €47 | €2,145 | +€2,098 | +4,456% |
| Profit (loss) for the period before taxes | 9903 | €1,081 | -€28,144 | -€29,225 | |
| Transfer from deferred taxes | 780 | €5,325 | €6,695 | +€1,370 | +25.7% |
| Profit (loss) for the period | 9904 | €6,406 | -€21,449 | -€27,855 | |
| Transfer from tax-exempt reserves | 789 | €15,975 | €20,085 | +€4,110 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,381 | -€1,364 | -€23,744 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.