PEDOUX: 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.
PEDOUX
Largest movements
- Cash +€50,872
up €50,872 (+115.9%), from €43,900 to €94,772
mainly Current investments (+€50,000) and Depreciation (+€7,632)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets -€7,632
down €7,632 (-3.2%), from €242,230 to €234,598
- Reserves -€5,154
down €5,154 (-1.9%), from €275,124 to €269,970
of which Tax-exempt reserves: -€5,154
- Financial income +€2,353
up €2,353 (+924.7%), from €254 to €2,607
- Gross operating margin +€1,453
up €1,453 (+68.5%), from -€2,120 to -€667
- Depreciation +€632
up €632 (+9.0%), from €7,000 to €7,632
- Financial charges -€135
down €135 (-34.9%), from €386 to €251
- Other operating charges +€22
up €22 (+1.6%), from €1,332 to €1,354
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 | €392,998 | €386,683 | -€6,314 | -1.6% |
| Fixed assets | 21/28 | €242,230 | €234,598 | -€7,632 | -3.2% |
| Tangible fixed assets | 22/27 | €242,230 | €234,598 | -€7,632 | -3.2% |
| Land and buildings | 22 | €242,230 | €234,598 | -€7,632 | -3.2% |
| Current assets | 29/58 | €150,767 | €152,085 | +€1,318 | +0.9% |
| Amounts receivable within one year | 40/41 | €5,578 | €5,578 | = | 0.0% |
| Trade receivables | 40 | €5,320 | €5,320 | = | 0.0% |
| Other amounts receivable | 41 | €258 | €258 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €43,900 | €94,772 | +€50,872 | +115.9% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,736 | +€446 | +34.6% |
| Total equity and liabilities | 10/49 | €392,998 | €386,683 | -€6,314 | -1.6% |
| Equity | 10/15 | €226,349 | €220,739 | -€5,610 | -2.5% |
| Contributions | 10/11 | €272,000 | €272,000 | = | 0.0% |
| Outside capital | 11 | €272,000 | €272,000 | = | 0.0% |
| Other | 1109/19 | €272,000 | €272,000 | = | 0.0% |
| Reserves | 13 | €275,124 | €269,970 | -€5,154 | -1.9% |
| Tax-exempt reserves | 132 | €249,447 | €244,293 | -€5,154 | -2.1% |
| Distributable reserves | 133 | €25,677 | €25,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,775 | -€321,231 | -€456 | -0.1% |
| Provisions and deferred taxes | 16 | €83,149 | €81,431 | -€1,718 | -2.1% |
| Deferred taxes | 168 | €83,149 | €81,431 | -€1,718 | -2.1% |
| Amounts payable | 17/49 | €83,500 | €84,513 | +€1,014 | +1.2% |
| Amounts payable within one year | 42/48 | €83,500 | €84,513 | +€1,014 | +1.2% |
| Trade debts | 44 | €2,254 | €2,068 | -€186 | -8.3% |
| Suppliers | 440/4 | €2,254 | €2,068 | -€186 | -8.3% |
| Other amounts payable | 47/48 | €81,245 | €82,445 | +€1,200 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,632 | +€632 | +9.0% |
| Other operating charges | 640/8 | €1,332 | €1,354 | +€22 | +1.6% |
| Gross operating margin | 9900 | -€2,120 | -€667 | +€1,453 | +68.5% |
| Operating profit (loss) | 9901 | -€10,452 | -€9,653 | +€799 | +7.6% |
| Financial income | 75/76B | €254 | €2,607 | +€2,353 | +924.7% |
| Recurring financial income | 75 | €254 | €2,607 | +€2,353 | +924.7% |
| Financial charges | 65/66B | €386 | €251 | -€135 | -34.9% |
| Recurring financial charges | 65 | €386 | €251 | -€135 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,584 | -€7,297 | +€3,287 | +31.1% |
| Transfer from deferred taxes | 780 | €1,576 | €1,718 | +€142 | +9.0% |
| Income taxes | 67/77 | €49 | €30 | -€18 | -37.5% |
| Profit (loss) for the period | 9904 | -€9,057 | -€5,610 | +€3,447 | +38.1% |
| Transfer from tax-exempt reserves | 789 | €4,727 | €5,154 | +€427 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,331 | -€456 | +€3,874 | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.