Pedro: 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.
Pedro
Largest movements
- Tangible fixed assets -€49,124
down €49,124 (-6.3%), from €783,950 to €734,826
of which Furniture and vehicles: -€27,788
- Cash +€17,587
up €17,587 (+108%), from €16,215 to €33,802
mainly Depreciation (+€55,950) and Net result for the year (+€42,061)
- Receivables within one year +€13,338
up €13,338 (+7,069%), from €189 to €13,527
of which Trade receivables: +€13,310
- Debts after one year -€69,815
down €69,815 (-31.3%), from €222,906 to €153,091
of which Financial debts: -€69,815
- Reserves +€41,261
up €41,261 (+16.9%), from €244,343 to €285,604
- Depreciation +€21,913
up €21,913 (+64.4%), from €34,038 to €55,950
- Taxes -€6,882
down €6,882 (-29.3%), from €23,497 to €16,615
- Gross operating margin -€1,820
down €1,820 (-1.3%), from €142,700 to €140,879
- Financial charges +€1,627
up €1,627 (+7.2%), from €22,479 to €24,106
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,589 | €785,156 | -€18,433 | -2.3% |
| Fixed assets | 21/28 | €783,979 | €734,855 | -€49,124 | -6.3% |
| Tangible fixed assets | 22/27 | €783,950 | €734,826 | -€49,124 | -6.3% |
| Land and buildings | 22 | €652,759 | €625,195 | -€27,564 | -4.2% |
| Plant, machinery and equipment | 23 | - | €6,228 | +€6,228 | |
| Furniture and vehicles | 24 | €131,191 | €103,403 | -€27,788 | -21.2% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €19,610 | €50,301 | +€30,691 | +157% |
| Amounts receivable within one year | 40/41 | €189 | €13,527 | +€13,338 | +7,069% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €189 | €217 | +€28 | +15.1% |
| Cash at bank and in hand | 54/58 | €16,215 | €33,802 | +€17,587 | +108% |
| Deferred charges and accrued income | 490/1 | €3,206 | €2,972 | -€234 | -7.3% |
| Total equity and liabilities | 10/49 | €803,589 | €785,156 | -€18,433 | -2.3% |
| Equity | 10/15 | €264,343 | €305,604 | +€41,261 | +15.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €244,343 | €285,604 | +€41,261 | +16.9% |
| Distributable reserves | 133 | €244,343 | €285,604 | +€41,261 | +16.9% |
| Amounts payable | 17/49 | €539,246 | €479,552 | -€59,694 | -11.1% |
| Amounts payable after more than one year | 17 | €222,906 | €153,091 | -€69,815 | -31.3% |
| Financial debts | 170/4 | €217,906 | €148,091 | -€69,815 | -32.0% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €313,122 | €323,241 | +€10,119 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €67,765 | €69,815 | +€2,049 | +3.0% |
| Trade debts | 44 | €6,120 | €4,588 | -€1,532 | -25.0% |
| Suppliers | 440/4 | €6,120 | €4,588 | -€1,532 | -25.0% |
| Taxes, remuneration and social security | 45 | €19,996 | €27,193 | +€7,197 | +36.0% |
| Taxes | 450/3 | €17,225 | €24,724 | +€7,499 | +43.5% |
| Remuneration and social security | 454/9 | €2,771 | €2,469 | -€302 | -10.9% |
| Other amounts payable | 47/48 | €219,241 | €221,645 | +€2,404 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,219 | €3,220 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,038 | €55,950 | +€21,913 | +64.4% |
| Other operating charges | 640/8 | €2,082 | €2,147 | +€65 | +3.1% |
| Gross operating margin | 9900 | €142,700 | €140,879 | -€1,820 | -1.3% |
| Operating profit (loss) | 9901 | €106,580 | €82,782 | -€23,798 | -22.3% |
| Financial income | 75/76B | €1 | €1 | -€0 | -33.3% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -33.3% |
| Financial charges | 65/66B | €22,479 | €24,106 | +€1,627 | +7.2% |
| Recurring financial charges | 65 | €22,479 | €24,106 | +€1,627 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €84,102 | €58,676 | -€25,425 | -30.2% |
| Income taxes | 67/77 | €23,497 | €16,615 | -€6,882 | -29.3% |
| Profit (loss) for the period | 9904 | €60,605 | €42,061 | -€18,544 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,605 | €42,061 | -€18,544 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.