PEDINEW: 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.
PEDINEW
Largest movements
- Receivables within one year -€10,313
down €10,313 (-11.8%), from €87,363 to €77,050
of which Trade receivables: -€6,213
- Tangible fixed assets -€9,924
down €9,924 (-23.1%), from €42,998 to €33,074
of which Furniture and vehicles: -€6,001
- Cash -€5,837
down €5,837 (-9.9%), from €59,010 to €53,173
mainly Contributions, distributions and other (-€49,787) and Debts after one year (-€9,984)
- Deferred charges and accrued income +€5,480
up €5,480 (+1946.5%), from €282 to €5,761
- Reserves -€49,787
down €49,787 (-41.5%), from €119,842 to €70,055
of which Non-distributable reserves: -€49,787
- Other debts +€48,928
up €48,928 (+5695.9%), from €859 to €49,787
- Debts after one year -€9,984
down €9,984 (-47.4%), from €21,080 to €11,096
- Tax, wage and social debts -€9,609
down €9,609 (-77.7%), from €12,359 to €2,750
- Financial charges +€33,809
up €33,809 (+1847.2%), from €1,830 to €35,639
- Gross operating margin +€24,196
up €24,196 (+78.8%), from €30,692 to €54,888
- Taxes -€1,896
down €1,896 (-47.7%), from €3,975 to €2,079
- Depreciation -€1,881
down €1,881 (-10.4%), from €18,132 to €16,252
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 | €189,903 | €170,108 | -€19,794 | -10.4% |
| Fixed assets | 21/28 | €43,248 | €34,124 | -€9,124 | -21.1% |
| Tangible fixed assets | 22/27 | €42,998 | €33,074 | -€9,924 | -23.1% |
| Land and buildings | 22 | €645 | - | -€645 | |
| Plant, machinery and equipment | 23 | €8,694 | €4,327 | -€4,367 | -50.2% |
| Furniture and vehicles | 24 | €33,659 | €27,659 | -€6,001 | -17.8% |
| Other tangible fixed assets | 26 | - | €1,089 | +€1,089 | |
| Financial fixed assets | 28 | €250 | €1,050 | +€800 | +320.0% |
| Current assets | 29/58 | €146,654 | €135,984 | -€10,670 | -7.3% |
| Amounts receivable within one year | 40/41 | €87,363 | €77,050 | -€10,313 | -11.8% |
| Trade receivables | 40 | €6,213 | - | -€6,213 | |
| Other amounts receivable | 41 | €81,150 | €77,050 | -€4,100 | -5.1% |
| Cash at bank and in hand | 54/58 | €59,010 | €53,173 | -€5,837 | -9.9% |
| Deferred charges and accrued income | 490/1 | €282 | €5,761 | +€5,480 | +1946.5% |
| Total equity and liabilities | 10/49 | €189,903 | €170,108 | -€19,794 | -10.4% |
| Equity | 10/15 | €139,969 | €90,664 | -€49,305 | -35.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,842 | €70,055 | -€49,787 | -41.5% |
| Non-distributable reserves | 130/1 | €117,982 | €68,195 | -€49,787 | -42.2% |
| Reserves not available under the articles | 1311 | €117,982 | €68,195 | -€49,787 | -42.2% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,727 | €8,209 | +€482 | +6.2% |
| Amounts payable | 17/49 | €49,934 | €79,445 | +€29,511 | +59.1% |
| Amounts payable after more than one year | 17 | €21,080 | €11,096 | -€9,984 | -47.4% |
| Financial debts | 170/4 | €21,080 | €11,096 | -€9,984 | -47.4% |
| Amounts payable within one year | 42/48 | €28,854 | €68,348 | +€39,494 | +136.9% |
| Current portion of amounts payable after more than one year | 42 | €12,209 | €12,451 | +€243 | +2.0% |
| Trade debts | 44 | €3,427 | €3,360 | -€67 | -2.0% |
| Suppliers | 440/4 | €3,427 | €3,360 | -€67 | -2.0% |
| Taxes, remuneration and social security | 45 | €12,359 | €2,750 | -€9,609 | -77.7% |
| Taxes | 450/3 | €12,359 | €2,750 | -€9,609 | -77.7% |
| Other amounts payable | 47/48 | €859 | €49,787 | +€48,928 | +5695.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,132 | €16,252 | -€1,881 | -10.4% |
| Other operating charges | 640/8 | €883 | €1,137 | +€255 | +28.8% |
| Gross operating margin | 9900 | €30,692 | €54,888 | +€24,196 | +78.8% |
| Operating profit (loss) | 9901 | €11,677 | €37,499 | +€25,822 | +221.1% |
| Financial income | 75/76B | €468 | €701 | +€233 | +49.9% |
| Recurring financial income | 75 | €468 | €701 | +€233 | +49.9% |
| Financial charges | 65/66B | €1,830 | €35,639 | +€33,809 | +1847.2% |
| Recurring financial charges | 65 | €1,830 | €35,639 | +€33,809 | +1847.2% |
| Profit (loss) for the period before taxes | 9903 | €10,314 | €2,561 | -€7,753 | -75.2% |
| Income taxes | 67/77 | €3,975 | €2,079 | -€1,896 | -47.7% |
| Profit (loss) for the period | 9904 | €6,339 | €482 | -€5,857 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,339 | €482 | -€5,857 | -92.4% |
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 8 October 2026 via checked.be.