PeDiLu: 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.
PeDiLu
Largest movements
- Cash +€896,230
up €896,230 (+361.6%), from €247,860 to €1.1m
mainly Net result for the year (+€797,042) and Current investments (+€600,000)
- Current investments -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Receivables after one year +€514,932
up €514,932 (+112.0%), from €459,771 to €974,702
of which Other amounts receivable: +€974,702
- Tangible fixed assets -€36,490
down €36,490 (-5.9%), from €621,122 to €584,632
of which Land and buildings: -€20,597
- Reserves +€797,042
up €797,042 (+52.9%), from €1.5m to €2.3m
of which Distributable reserves: +€797,042
- Debts after one year -€49,500
down €49,500 (-22.6%), from €218,625 to €169,125
- Gross operating margin +€52,210
up €52,210 (+4.6%), from €1.1m to €1.2m
- Taxes +€18,101
up €18,101 (+5.1%), from €352,437 to €370,538
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 | €1,934,185 | €2,707,346 | +€773,160 | +40.0% |
| Fixed assets | 21/28 | €621,122 | €584,632 | -€36,490 | -5.9% |
| Tangible fixed assets | 22/27 | €621,122 | €584,632 | -€36,490 | -5.9% |
| Land and buildings | 22 | €580,712 | €560,115 | -€20,597 | -3.5% |
| Furniture and vehicles | 24 | €40,410 | €24,517 | -€15,893 | -39.3% |
| Current assets | 29/58 | €1,313,064 | €2,122,714 | +€809,650 | +61.7% |
| Amounts receivable after more than one year | 29 | €459,771 | €974,702 | +€514,932 | +112.0% |
| Trade receivables | 290 | €459,771 | €0 | -€459,771 | -100.0% |
| Other amounts receivable | 291 | - | €974,702 | +€974,702 | |
| Amounts receivable within one year | 40/41 | €1,054 | €20 | -€1,034 | -98.1% |
| Trade receivables | 40 | €1,054 | €0 | -€1,054 | -100.0% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €247,860 | €1,144,090 | +€896,230 | +361.6% |
| Deferred charges and accrued income | 490/1 | €4,379 | €3,901 | -€477 | -10.9% |
| Total equity and liabilities | 10/49 | €1,934,185 | €2,707,346 | +€773,160 | +40.0% |
| Equity | 10/15 | €1,524,979 | €2,322,020 | +€797,042 | +52.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,505,360 | €2,302,402 | +€797,042 | +52.9% |
| 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 | €1,503,500 | €2,300,542 | +€797,042 | +53.0% |
| Profit (loss) carried forward | 14 | €1,019 | €1,019 | = | 0.0% |
| Amounts payable | 17/49 | €409,206 | €385,325 | -€23,881 | -5.8% |
| Amounts payable after more than one year | 17 | €218,625 | €169,125 | -€49,500 | -22.6% |
| Financial debts | 170/4 | €218,625 | €169,125 | -€49,500 | -22.6% |
| Amounts payable within one year | 42/48 | €186,700 | €211,663 | +€24,963 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €49,500 | €49,500 | = | 0.0% |
| Trade debts | 44 | €1,777 | €3,469 | +€1,692 | +95.2% |
| Suppliers | 440/4 | €1,777 | €3,469 | +€1,692 | +95.2% |
| Taxes, remuneration and social security | 45 | €84,921 | €100,863 | +€15,942 | +18.8% |
| Taxes | 450/3 | €84,921 | €100,863 | +€15,942 | +18.8% |
| Other amounts payable | 47/48 | €50,502 | €57,831 | +€7,329 | +14.5% |
| Accrued charges and deferred income | 492/3 | €3,881 | €4,538 | +€656 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,754 | €36,490 | -€8,265 | -18.5% |
| Other operating charges | 640/8 | €4,641 | €4,530 | -€110 | -2.4% |
| Gross operating margin | 9900 | €1,144,708 | €1,196,917 | +€52,210 | +4.6% |
| Operating profit (loss) | 9901 | €1,095,313 | €1,155,898 | +€60,585 | +5.5% |
| Financial income | 75/76B | €16,967 | €17,578 | +€611 | +3.6% |
| Recurring financial income | 75 | €16,967 | €17,578 | +€611 | +3.6% |
| Financial charges | 65/66B | €6,825 | €5,897 | -€928 | -13.6% |
| Recurring financial charges | 65 | €6,825 | €5,897 | -€928 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €1,105,456 | €1,167,580 | +€62,124 | +5.6% |
| Income taxes | 67/77 | €352,437 | €370,538 | +€18,101 | +5.1% |
| Profit (loss) for the period | 9904 | €753,019 | €797,042 | +€44,023 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €753,019 | €797,042 | +€44,023 | +5.8% |
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 7 October 2026 via checked.be.