Pescado: what changed
What changed
Pescado
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€130,016
2024 · €138,017-€8,001
Equity
€835,969
2024 · €750,952+€85,016
Cash
€97,018
2024 · €110,923-€13,905
Balance sheet total
€1.4m
2024 · €1.4m-€19,621
Largest movements
Assets
- Cash -€13,905
down €13,905 (-12.5%), from €110,923 to €97,018
mainly Debts after one year (-€101,362) and Contributions, distributions and other (-€45,000)
Equity and liabilities
- Debts after one year -€101,362
down €101,362 (-22.1%), from €457,999 to €356,637
of which Other amounts payable: -€92,612
- Reserves +€85,016
up €85,016 (+11.7%), from €725,552 to €810,569
of which Distributable reserves: +€85,016
Income statement
- Gross operating margin -€19,041
down €19,041 (-8.2%), from €231,277 to €212,236
- Financial charges -€6,166
down €6,166 (-23.4%), from €26,357 to €20,192
- Taxes -€2,707
down €2,707 (-5.3%), from €50,688 to €47,981
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€138,017
Gross operating margin
-€19,041
Depreciation
+€1,334
Other operating charges
+€833
Financial income
-€0
Financial charges
+€6,166
Taxes
+€2,707
Result 2025
€130,016
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,523
Investment
€0
Financing
-€146,428
Cash 2024
€110,923
From operations (derived)
+€132,523
Net result for the year
+€130,016
Depreciation
+€10,050
Receivables within one year
-€3,485
Deferred charges and accrued income
-€849
Trade debts
+€1,464
Tax, wage and social debts
-€2,357
Accrued charges and deferred income
-€2,317
Financing
-€146,428
Debts after one year
-€101,362
Short-term financial debts
-€66
Contributions, distributions and other
-€45,000
Cash 2025
€97,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,374,175 | €1,354,554 | -€19,621 | -1.4% |
| Fixed assets | 21/28 | €1,198,149 | €1,188,099 | -€10,050 | -0.8% |
| Tangible fixed assets | 22/27 | €111,989 | €101,939 | -€10,050 | -9.0% |
| Land and buildings | 22 | €101,656 | €97,003 | -€4,653 | -4.6% |
| Plant, machinery and equipment | 23 | €2,164 | €0 | -€2,164 | -100% |
| Furniture and vehicles | 24 | €8,169 | €4,936 | -€3,233 | -39.6% |
| Financial fixed assets | 28 | €1,086,160 | €1,086,160 | = | 0.0% |
| Current assets | 29/58 | €176,026 | €166,455 | -€9,571 | -5.4% |
| Amounts receivable within one year | 40/41 | €64,469 | €67,954 | +€3,485 | +5.4% |
| Trade receivables | 40 | €64,469 | €67,954 | +€3,485 | +5.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €110,923 | €97,018 | -€13,905 | -12.5% |
| Deferred charges and accrued income | 490/1 | €635 | €1,484 | +€849 | +134% |
| Total equity and liabilities | 10/49 | €1,374,175 | €1,354,554 | -€19,621 | -1.4% |
| Equity | 10/15 | €750,952 | €835,969 | +€85,016 | +11.3% |
| Contributions | 10/11 | €25,400 | €25,400 | = | 0.0% |
| Reserves | 13 | €725,552 | €810,569 | +€85,016 | +11.7% |
| Non-distributable reserves | 130/1 | €2,540 | €2,540 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,540 | €2,540 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,200 | €5,200 | = | 0.0% |
| Distributable reserves | 133 | €717,812 | €802,829 | +€85,016 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €623,223 | €518,586 | -€104,637 | -16.8% |
| Amounts payable after more than one year | 17 | €457,999 | €356,637 | -€101,362 | -22.1% |
| Financial debts | 170/4 | €26,249 | €17,499 | -€8,750 | -33.3% |
| Other amounts payable | 178/9 | €431,750 | €339,138 | -€92,612 | -21.5% |
| Amounts payable within one year | 42/48 | €145,452 | €144,494 | -€958 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €8,750 | = | 0.0% |
| Financial debts | 43 | €13,523 | €13,457 | -€66 | -0.5% |
| Credit institutions | 430/8 | €13,523 | €13,457 | -€66 | -0.5% |
| Trade debts | 44 | €3,014 | €4,478 | +€1,464 | +48.6% |
| Suppliers | 440/4 | €3,014 | €4,478 | +€1,464 | +48.6% |
| Taxes, remuneration and social security | 45 | €27,554 | €25,197 | -€2,357 | -8.6% |
| Taxes | 450/3 | €27,554 | €25,197 | -€2,357 | -8.6% |
| Other amounts payable | 47/48 | €92,612 | €92,612 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,771 | €17,454 | -€2,317 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,385 | €10,050 | -€1,334 | -11.7% |
| Other operating charges | 640/8 | €4,831 | €3,998 | -€833 | -17.2% |
| Gross operating margin | 9900 | €231,277 | €212,236 | -€19,041 | -8.2% |
| Operating profit (loss) | 9901 | €215,061 | €198,188 | -€16,873 | -7.8% |
| Financial income | 75/76B | €2 | €2 | -€0 | -16.0% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -16.0% |
| Financial charges | 65/66B | €26,357 | €20,192 | -€6,166 | -23.4% |
| Recurring financial charges | 65 | €26,357 | €20,192 | -€6,166 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €188,705 | €177,998 | -€10,708 | -5.7% |
| Income taxes | 67/77 | €50,688 | €47,981 | -€2,707 | -5.3% |
| Profit (loss) for the period | 9904 | €138,017 | €130,016 | -€8,001 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €138,017 | €130,016 | -€8,001 | -5.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.