PéVéDéM: 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.
PéVéDéM
Largest movements
- Cash +€36,220
up €36,220 (+36.0%), from €100,554 to €136,774
mainly Net result for the year (+€70,556) and Depreciation (+€8,400)
- Deferred charges and accrued income -€8,128
no longer reported in 2025 (was €8,128)
- Receivables within one year +€6,459
up €6,459 (+82.3%), from €7,848 to €14,308
- Tangible fixed assets -€6,366
down €6,366 (-3.7%), from €171,636 to €165,270
of which Land and buildings: -€7,657
- Profit (loss) carried forward +€55,556
up €55,556 (+20.6%), from €269,825 to €325,381
- Debts after one year -€45,701
down €45,701 (-22.1%), from €206,863 to €161,162
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin -€29,969
down €29,969 (-22.3%), from €134,537 to €104,568
- Taxes -€1,539
down €1,539 (-7.6%), from €20,236 to €18,697
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 | €558,666 | €586,852 | +€28,185 | +5.0% |
| Fixed assets | 21/28 | €442,136 | €435,770 | -€6,366 | -1.4% |
| Tangible fixed assets | 22/27 | €171,636 | €165,270 | -€6,366 | -3.7% |
| Land and buildings | 22 | €170,980 | €163,323 | -€7,657 | -4.5% |
| Plant, machinery and equipment | 23 | €656 | €292 | -€364 | -55.5% |
| Furniture and vehicles | 24 | - | €1,655 | +€1,655 | |
| Financial fixed assets | 28 | €270,500 | €270,500 | = | 0.0% |
| Current assets | 29/58 | €116,530 | €151,082 | +€34,551 | +29.6% |
| Amounts receivable within one year | 40/41 | €7,848 | €14,308 | +€6,459 | +82.3% |
| Other amounts receivable | 41 | €7,848 | €14,308 | +€6,459 | +82.3% |
| Cash at bank and in hand | 54/58 | €100,554 | €136,774 | +€36,220 | +36.0% |
| Deferred charges and accrued income | 490/1 | €8,128 | - | -€8,128 | |
| Total equity and liabilities | 10/49 | €558,666 | €586,852 | +€28,185 | +5.0% |
| Equity | 10/15 | €277,885 | €345,841 | +€67,956 | +24.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,825 | €325,381 | +€55,556 | +20.6% |
| Amounts payable | 17/49 | €280,782 | €241,011 | -€39,771 | -14.2% |
| Amounts payable after more than one year | 17 | €206,863 | €161,162 | -€45,701 | -22.1% |
| Financial debts | 170/4 | €206,863 | €161,162 | -€45,701 | -22.1% |
| Amounts payable within one year | 42/48 | €73,568 | €79,849 | +€6,280 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €44,549 | €45,701 | +€1,152 | +2.6% |
| Financial debts | 43 | €597 | €218 | -€379 | -63.5% |
| Credit institutions | 430/8 | €597 | €218 | -€379 | -63.5% |
| Trade debts | 44 | €807 | €6,216 | +€5,409 | +670.3% |
| Suppliers | 440/4 | €807 | €6,216 | +€5,409 | +670.3% |
| Taxes, remuneration and social security | 45 | €1,976 | - | -€1,976 | |
| Taxes | 450/3 | €1,976 | - | -€1,976 | |
| Other amounts payable | 47/48 | €25,640 | €27,714 | +€2,074 | +8.1% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,984 | €8,400 | +€416 | +5.2% |
| Other operating charges | 640/8 | €2,058 | €1,773 | -€284 | -13.8% |
| Gross operating margin | 9900 | €134,537 | €104,568 | -€29,969 | -22.3% |
| Operating profit (loss) | 9901 | €124,496 | €94,395 | -€30,101 | -24.2% |
| Financial income | 75/76B | €281 | €520 | +€239 | +84.8% |
| Recurring financial income | 75 | €281 | €520 | +€239 | +84.8% |
| Financial charges | 65/66B | €6,685 | €5,662 | -€1,024 | -15.3% |
| Recurring financial charges | 65 | €6,685 | €5,662 | -€1,024 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €118,092 | €89,253 | -€28,839 | -24.4% |
| Income taxes | 67/77 | €20,236 | €18,697 | -€1,539 | -7.6% |
| Profit (loss) for the period | 9904 | €97,856 | €70,556 | -€27,300 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,856 | €70,556 | -€27,300 | -27.9% |
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 3 October 2026 via checked.be.