PEMEDIC: 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.
PEMEDIC
Largest movements
- Receivables after one year +€521,707
new in 2025: €521,707
- Tangible fixed assets -€77,135
down €77,135 (-35.4%), from €218,053 to €140,919
of which Land and buildings: -€69,429
- Cash -€72,915
down €72,915 (-33.4%), from €218,160 to €145,244
mainly Receivables after one year (-€521,707) and Contributions, distributions and other (-€131,116)
- Reserves +€238,957
up €238,957 (+86.3%), from €276,905 to €515,862
- Other debts +€93,838
up €93,838 (+322.9%), from €29,060 to €122,899
- Debts after one year +€22,259
up €22,259 (+21.4%), from €103,981 to €126,240
- Current portion of long-term debt +€13,651
up €13,651 (+51.5%), from €26,497 to €40,148
- Gross operating margin +€562,392
up €562,392 (+448.3%), from €125,448 to €687,839
- Taxes +€149,816
up €149,816 (+792.4%), from €18,907 to €168,723
- Financial charges +€65,871
up €65,871 (+655.4%), from €10,051 to €75,922
of which Non-recurring financial charges: +€69,429
- Staff costs +€16,321
up €16,321 (+126.6%), from €12,890 to €29,211
- Depreciation +€14,530
up €14,530 (+52.6%), from €27,645 to €42,175
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 | €535,161 | €913,865 | +€378,705 | +70.8% |
| Fixed assets | 21/28 | €218,053 | €140,919 | -€77,135 | -35.4% |
| Tangible fixed assets | 22/27 | €218,053 | €140,919 | -€77,135 | -35.4% |
| Land and buildings | 22 | €69,429 | - | -€69,429 | |
| Plant, machinery and equipment | 23 | €11,204 | €6,976 | -€4,228 | -37.7% |
| Furniture and vehicles | 24 | €137,421 | €102,888 | -€34,533 | -25.1% |
| Other tangible fixed assets | 26 | - | €31,056 | +€31,056 | |
| Current assets | 29/58 | €317,107 | €772,946 | +€455,839 | +143.7% |
| Amounts receivable after more than one year | 29 | - | €521,707 | +€521,707 | |
| Other amounts receivable | 291 | - | €521,707 | +€521,707 | |
| Amounts receivable within one year | 40/41 | €7,177 | €11,277 | +€4,100 | +57.1% |
| Other amounts receivable | 41 | €7,177 | €11,277 | +€4,100 | +57.1% |
| Cash at bank and in hand | 54/58 | €218,160 | €145,244 | -€72,915 | -33.4% |
| Deferred charges and accrued income | 490/1 | €91,771 | €94,718 | +€2,948 | +3.2% |
| Total equity and liabilities | 10/49 | €535,161 | €913,865 | +€378,705 | +70.8% |
| Equity | 10/15 | €361,947 | €600,072 | +€238,125 | +65.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €276,905 | €515,862 | +€238,957 | +86.3% |
| Distributable reserves | 133 | €276,905 | €515,862 | +€238,957 | +86.3% |
| Profit (loss) carried forward | 14 | €72,642 | €71,810 | -€832 | -1.1% |
| Amounts payable | 17/49 | €173,214 | €313,793 | +€140,580 | +81.2% |
| Amounts payable after more than one year | 17 | €103,981 | €126,240 | +€22,259 | +21.4% |
| Financial debts | 170/4 | €103,981 | €126,240 | +€22,259 | +21.4% |
| Amounts payable within one year | 42/48 | €69,233 | €187,553 | +€118,321 | +170.9% |
| Current portion of amounts payable after more than one year | 42 | €26,497 | €40,148 | +€13,651 | +51.5% |
| Trade debts | 44 | €10,797 | €14,255 | +€3,458 | +32.0% |
| Suppliers | 440/4 | €10,797 | €14,255 | +€3,458 | +32.0% |
| Taxes, remuneration and social security | 45 | €2,879 | €10,251 | +€7,373 | +256.1% |
| Taxes | 450/3 | €1,706 | €8,718 | +€7,012 | +411.1% |
| Remuneration and social security | 454/9 | €1,173 | €1,533 | +€360 | +30.7% |
| Other amounts payable | 47/48 | €29,060 | €122,899 | +€93,838 | +322.9% |
| Remuneration, social security and pensions | 62 | €12,890 | €29,211 | +€16,321 | +126.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,645 | €42,175 | +€14,530 | +52.6% |
| Other operating charges | 640/8 | €7,481 | €3,653 | -€3,828 | -51.2% |
| Gross operating margin | 9900 | €125,448 | €687,839 | +€562,392 | +448.3% |
| Operating profit (loss) | 9901 | €77,431 | €612,800 | +€535,369 | +691.4% |
| Financial income | 75/76B | €37 | €1,086 | +€1,049 | +2834.8% |
| Recurring financial income | 75 | €37 | €1,086 | +€1,049 | +2834.8% |
| Financial charges | 65/66B | €10,051 | €75,922 | +€65,871 | +655.4% |
| Recurring financial charges | 65 | €10,051 | €6,493 | -€3,558 | -35.4% |
| Non-recurring financial charges | 66B | - | €69,429 | +€69,429 | |
| Profit (loss) for the period before taxes | 9903 | €67,417 | €537,964 | +€470,547 | +698.0% |
| Income taxes | 67/77 | €18,907 | €168,723 | +€149,816 | +792.4% |
| Profit (loss) for the period | 9904 | €48,510 | €369,241 | +€320,731 | +661.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,510 | €369,241 | +€320,731 | +661.2% |
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 28 September 2026 via checked.be.