PEDICO: 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
PEDICO
NACE 47.721, Retail sale of footwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€95,734
2024 · -€162,175+€66,441
Equity
€2.0m
2024 · €2.1m-€95,734
Cash
€251,482
2024 · €352,161-€100,679
Balance sheet total
€4.6m
2024 · €5.1m-€499,709
Largest movements
Assets
- Stocks and contracts -€206,214
down €206,214 (-13.6%), from €1.5m to €1.3m
- Tangible fixed assets -€199,097
down €199,097 (-6.2%), from €3.2m to €3.0m
of which Land and buildings: -€188,346
- Cash -€100,679
down €100,679 (-28.6%), from €352,161 to €251,482
mainly Debts after one year (-€324,989) and Net result for the year (-€95,734)
Equity and liabilities
- Debts after one year -€324,989
down €324,989 (-18.6%), from €1.7m to €1.4m
- Profit (loss) carried forward -€95,734
down €95,734 (-14.7%), from €651,213 to €555,479
- Short-term financial debts -€85,000
down €85,000 (-20.5%), from €415,000 to €330,000
Income statement
- Gross operating margin +€68,933
up €68,933 (+7.5%), from €916,958 to €985,891
- Financial income -€10,276
down €10,276 (-9.6%), from €106,984 to €96,708
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
-€162,175
Gross operating margin
+€68,933
Staff costs
-€5,752
Depreciation
+€7,438
Other operating charges
-€352
Financial income
-€10,276
Financial charges
+€6,515
Taxes
-€66
Result 2025
-€95,734
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
+€313,180
Investment
-€3,870
Financing
-€409,989
Cash 2024
€352,161
From operations (derived)
+€313,180
Net result for the year
-€95,734
Depreciation
+€202,967
Stocks and contracts
+€206,214
Receivables within one year
-€5,504
Deferred charges and accrued income
-€777
Trade debts
+€24,664
Tax, wage and social debts
-€21,184
Other debts
+€1,379
Accrued charges and deferred income
+€1,156
Investment (derived)
-€3,870
Investment in fixed assets (net)
-€3,870
Financing
-€409,989
Debts after one year
-€324,989
Short-term financial debts
-€85,000
Cash 2025
€251,482
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,078,843 | €4,579,134 | -€499,709 | -9.8% |
| Fixed assets | 21/28 | €3,209,879 | €3,010,782 | -€199,097 | -6.2% |
| Tangible fixed assets | 22/27 | €3,209,171 | €3,010,074 | -€199,097 | -6.2% |
| Land and buildings | 22 | €3,169,966 | €2,981,621 | -€188,346 | -5.9% |
| Plant, machinery and equipment | 23 | €39,205 | €28,454 | -€10,751 | -27.4% |
| Financial fixed assets | 28 | €708 | €708 | = | 0.0% |
| Current assets | 29/58 | €1,868,964 | €1,568,352 | -€300,612 | -16.1% |
| Stocks and contracts in progress | 3 | €1,512,508 | €1,306,294 | -€206,214 | -13.6% |
| Stocks | 30/36 | €1,512,508 | €1,306,294 | -€206,214 | -13.6% |
| Amounts receivable within one year | 40/41 | €2,201 | €7,705 | +€5,504 | +250% |
| Trade receivables | 40 | €2,201 | €7,705 | +€5,504 | +250% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €352,161 | €251,482 | -€100,679 | -28.6% |
| Deferred charges and accrued income | 490/1 | €2,095 | €2,871 | +€777 | +37.1% |
| Total equity and liabilities | 10/49 | €5,078,843 | €4,579,134 | -€499,709 | -9.8% |
| Equity | 10/15 | €2,086,939 | €1,991,204 | -€95,734 | -4.6% |
| Contributions | 10/11 | €515,920 | €515,920 | = | 0.0% |
| Capital | 10 | €515,920 | €515,920 | = | 0.0% |
| Issued capital | 100 | €515,920 | €515,920 | = | 0.0% |
| Reserves | 13 | €919,805 | €919,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,592 | €51,592 | = | 0.0% |
| Legal reserve | 130 | €51,592 | €51,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,006 | €10,006 | = | 0.0% |
| Distributable reserves | 133 | €858,207 | €858,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €651,213 | €555,479 | -€95,734 | -14.7% |
| Amounts payable | 17/49 | €2,991,904 | €2,587,930 | -€403,975 | -13.5% |
| Amounts payable after more than one year | 17 | €1,747,336 | €1,422,347 | -€324,989 | -18.6% |
| Financial debts | 170/4 | €1,747,336 | €1,422,347 | -€324,989 | -18.6% |
| Amounts payable within one year | 42/48 | €1,244,568 | €1,164,427 | -€80,141 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €249,989 | €249,989 | = | 0.0% |
| Financial debts | 43 | €415,000 | €330,000 | -€85,000 | -20.5% |
| Credit institutions | 430/8 | €415,000 | €330,000 | -€85,000 | -20.5% |
| Trade debts | 44 | €202,087 | €226,750 | +€24,664 | +12.2% |
| Suppliers | 440/4 | €202,087 | €226,750 | +€24,664 | +12.2% |
| Taxes, remuneration and social security | 45 | €217,700 | €196,516 | -€21,184 | -9.7% |
| Taxes | 450/3 | €127,730 | €102,383 | -€25,347 | -19.8% |
| Remuneration and social security | 454/9 | €89,970 | €94,132 | +€4,162 | +4.6% |
| Other amounts payable | 47/48 | €159,792 | €161,172 | +€1,379 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €1,156 | +€1,156 | |
| Remuneration, social security and pensions | 62 | €895,889 | €901,640 | +€5,752 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,405 | €202,967 | -€7,438 | -3.5% |
| Other operating charges | 640/8 | €21,621 | €21,974 | +€352 | +1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €916,958 | €985,891 | +€68,933 | +7.5% |
| Operating profit (loss) | 9901 | -€210,957 | -€140,689 | +€70,268 | +33.3% |
| Financial income | 75/76B | €106,984 | €96,708 | -€10,276 | -9.6% |
| Recurring financial income | 75 | €106,984 | €96,708 | -€10,276 | -9.6% |
| Financial charges | 65/66B | €56,889 | €50,374 | -€6,515 | -11.5% |
| Recurring financial charges | 65 | €56,889 | €50,374 | -€6,515 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€160,862 | -€94,355 | +€66,507 | +41.3% |
| Income taxes | 67/77 | €1,313 | €1,379 | +€66 | +5.0% |
| Profit (loss) for the period | 9904 | -€162,175 | -€95,734 | +€66,441 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,175 | -€95,734 | +€66,441 | +41.0% |
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 15 October 2026 via checked.be.