PEDIA +: 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.
PEDIA +
Largest movements
- Cash -€13,270
down €13,270 (-28.3%), from €46,842 to €33,572
mainly Debts after one year (-€40,288) and Investment in fixed assets (net) (-€16,879)
- Tangible fixed assets -€12,245
down €12,245 (-2.8%), from €439,213 to €426,968
of which Land and buildings: -€12,206
- Receivables within one year +€7,996
up €7,996 (+387.3%), from €2,065 to €10,061
of which Other amounts receivable: +€8,479
- Debts after one year -€40,288
down €40,288 (-11.7%), from €343,576 to €303,287
- Reserves +€23,000
up €23,000 (+50.0%), from €46,000 to €69,000
- Gross operating margin +€9,423
up €9,423 (+16.9%), from €55,640 to €65,063
- Depreciation -€6,481
down €6,481 (-17.9%), from €36,267 to €29,786
- Taxes +€3,702
up €3,702 (+108.0%), from €3,426 to €7,128
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 | €493,848 | €475,414 | -€18,434 | -3.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €441,616 | €428,709 | -€12,907 | -2.9% |
| Intangible fixed assets | 21 | €2,204 | €1,541 | -€663 | -30.1% |
| Tangible fixed assets | 22/27 | €439,213 | €426,968 | -€12,245 | -2.8% |
| Land and buildings | 22 | €417,804 | €405,597 | -€12,206 | -2.9% |
| Furniture and vehicles | 24 | €21,409 | €21,371 | -€38 | -0.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €52,232 | €46,705 | -€5,527 | -10.6% |
| Amounts receivable within one year | 40/41 | €2,065 | €10,061 | +€7,996 | +387.3% |
| Trade receivables | 40 | €482 | €0 | -€482 | -100.0% |
| Other amounts receivable | 41 | €1,583 | €10,061 | +€8,479 | +535.7% |
| Cash at bank and in hand | 54/58 | €46,842 | €33,572 | -€13,270 | -28.3% |
| Deferred charges and accrued income | 490/1 | €3,325 | €3,071 | -€254 | -7.6% |
| Total equity and liabilities | 10/49 | €493,848 | €475,414 | -€18,434 | -3.7% |
| Equity | 10/15 | €101,810 | €124,065 | +€22,255 | +21.9% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €69,000 | +€23,000 | +50.0% |
| Distributable reserves | 133 | €46,000 | €69,000 | +€23,000 | +50.0% |
| Profit (loss) carried forward | 14 | €810 | €65 | -€745 | -91.9% |
| Amounts payable | 17/49 | €392,038 | €351,349 | -€40,690 | -10.4% |
| Amounts payable after more than one year | 17 | €343,576 | €303,287 | -€40,288 | -11.7% |
| Financial debts | 170/4 | €343,576 | €303,287 | -€40,288 | -11.7% |
| Amounts payable within one year | 42/48 | €46,114 | €44,739 | -€1,375 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €40,147 | €40,288 | +€141 | +0.4% |
| Trade debts | 44 | €5,475 | €3,678 | -€1,797 | -32.8% |
| Suppliers | 440/4 | €5,475 | €3,678 | -€1,797 | -32.8% |
| Taxes, remuneration and social security | 45 | €0 | €128 | +€128 | |
| Taxes | 450/3 | €0 | €128 | +€128 | |
| Other amounts payable | 47/48 | €491 | €643 | +€152 | +30.9% |
| Accrued charges and deferred income | 492/3 | €2,349 | €3,323 | +€974 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,267 | €29,786 | -€6,481 | -17.9% |
| Other operating charges | 640/8 | €3,080 | €2,881 | -€198 | -6.4% |
| Gross operating margin | 9900 | €55,640 | €65,063 | +€9,423 | +16.9% |
| Operating profit (loss) | 9901 | €16,293 | €32,396 | +€16,103 | +98.8% |
| Financial income | 75/76B | - | €446 | +€446 | |
| Recurring financial income | 75 | - | €446 | +€446 | |
| Financial charges | 65/66B | €3,868 | €3,458 | -€410 | -10.6% |
| Recurring financial charges | 65 | €3,868 | €3,458 | -€410 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €12,425 | €29,384 | +€16,959 | +136.5% |
| Income taxes | 67/77 | €3,426 | €7,128 | +€3,702 | +108.0% |
| Profit (loss) for the period | 9904 | €8,998 | €22,255 | +€13,257 | +147.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,998 | €22,255 | +€13,257 | +147.3% |
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 3 October 2026 via checked.be.