PEEDES: 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.
PEEDES
Largest movements
- Cash -€78,761
down €78,761 (-8.2%), from €957,247 to €878,486
mainly Other debts (-€429,747) and Trade debts (-€65,406)
- Tangible fixed assets -€56,392
down €56,392 (-5.1%), from €1.1m to €1.1m
- Financial fixed assets +€30,154
up €30,154 (+6.0%), from €503,658 to €533,812
- Other debts -€429,747
down €429,747 (-83.1%), from €516,979 to €87,233
- Reserves +€399,140
up €399,140 (+21.3%), from €1.9m to €2.3m
of which Distributable reserves: +€399,140
- Trade debts -€65,406
down €65,406 (-95.9%), from €68,209 to €2,803
- Financial income +€248,100
up €248,100 (+23667.1%), from €1,048 to €249,148
- Gross operating margin +€75,995
up €75,995 (+28.2%), from €269,909 to €345,903
- Taxes +€43,804
up €43,804 (+67.6%), from €64,766 to €108,570
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 | €2,601,015 | €2,494,438 | -€106,577 | -4.1% |
| Fixed assets | 21/28 | €1,614,466 | €1,588,228 | -€26,238 | -1.6% |
| Tangible fixed assets | 22/27 | €1,110,809 | €1,054,416 | -€56,392 | -5.1% |
| Land and buildings | 22 | €1,110,809 | €1,054,416 | -€56,392 | -5.1% |
| Financial fixed assets | 28 | €503,658 | €533,812 | +€30,154 | +6.0% |
| Current assets | 29/58 | €986,549 | €906,209 | -€80,339 | -8.1% |
| Amounts receivable within one year | 40/41 | €27,655 | €22,746 | -€4,908 | -17.7% |
| Trade receivables | 40 | €27,655 | €22,746 | -€4,908 | -17.7% |
| Cash at bank and in hand | 54/58 | €957,247 | €878,486 | -€78,761 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,647 | €4,977 | +€3,330 | +202.2% |
| Total equity and liabilities | 10/49 | €2,601,015 | €2,494,438 | -€106,577 | -4.1% |
| Equity | 10/15 | €1,933,908 | €2,333,047 | +€399,140 | +20.6% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €1,871,885 | €2,271,024 | +€399,140 | +21.3% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Distributable reserves | 133 | €1,865,682 | €2,264,822 | +€399,140 | +21.4% |
| Amounts payable | 17/49 | €667,107 | €161,390 | -€505,717 | -75.8% |
| Amounts payable within one year | 42/48 | €662,613 | €152,978 | -€509,635 | -76.9% |
| Trade debts | 44 | €68,209 | €2,803 | -€65,406 | -95.9% |
| Suppliers | 440/4 | €68,209 | €2,803 | -€65,406 | -95.9% |
| Taxes, remuneration and social security | 45 | €77,425 | €62,943 | -€14,483 | -18.7% |
| Taxes | 450/3 | €77,425 | €62,943 | -€14,483 | -18.7% |
| Other amounts payable | 47/48 | €516,979 | €87,233 | -€429,747 | -83.1% |
| Accrued charges and deferred income | 492/3 | €4,494 | €8,412 | +€3,918 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,349 | €56,392 | -€957 | -1.7% |
| Other operating charges | 640/8 | €24,027 | €21,594 | -€2,433 | -10.1% |
| Gross operating margin | 9900 | €269,909 | €345,903 | +€75,995 | +28.2% |
| Operating profit (loss) | 9901 | €188,532 | €267,917 | +€79,385 | +42.1% |
| Financial income | 75/76B | €1,048 | €249,148 | +€248,100 | +23667.1% |
| Recurring financial income | 75 | €1,048 | €249,148 | +€248,100 | +23667.1% |
| Financial charges | 65/66B | €736 | €1,194 | +€458 | +62.3% |
| Recurring financial charges | 65 | €736 | €1,194 | +€458 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €188,844 | €515,871 | +€327,027 | +173.2% |
| Income taxes | 67/77 | €64,766 | €108,570 | +€43,804 | +67.6% |
| Profit (loss) for the period | 9904 | €124,078 | €407,301 | +€283,223 | +228.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,078 | €407,301 | +€283,223 | +228.3% |
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 3 October 2026 via checked.be.