PIDA: 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.
PIDA
Largest movements
- Receivables within one year +€389,334
up €389,334 (+369%), from €105,622 to €494,956
of which Other amounts receivable: +€246,838
- Tangible fixed assets +€121,691
up €121,691 (+90.8%), from €134,017 to €255,708
of which Plant, machinery and equipment: +€173,766
- Profit (loss) carried forward +€1.3m
up €1.3m, from -€91,904 to €1.2m
- Other debts -€887,979
down €887,979 (-18.4%), from €4.8m to €3.9m
- Financial income +€1.3m
up €1.3m (+157,374%), from €810 to €1.3m
- Gross operating margin +€8,316
up €8,316 (+10.9%), from €76,056 to €84,372
- Depreciation +€8,210
up €8,210 (+17.0%), from €48,396 to €56,606
- Other operating charges +€2,280
up €2,280 (+179%), from €1,276 to €3,556
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 | €9,492,606 | €10,002,427 | +€509,820 | +5.4% |
| Fixed assets | 21/28 | €9,293,518 | €9,464,209 | +€170,691 | +1.8% |
| Tangible fixed assets | 22/27 | €134,017 | €255,708 | +€121,691 | +90.8% |
| Plant, machinery and equipment | 23 | €2,606 | €176,372 | +€173,766 | +6,668% |
| Furniture and vehicles | 24 | €129,286 | €77,211 | -€52,075 | -40.3% |
| Other tangible fixed assets | 26 | €2,125 | €2,125 | = | 0.0% |
| Financial fixed assets | 28 | €9,159,501 | €9,208,501 | +€49,000 | +0.5% |
| Current assets | 29/58 | €199,089 | €538,218 | +€339,129 | +170% |
| Amounts receivable within one year | 40/41 | €105,622 | €494,956 | +€389,334 | +369% |
| Trade receivables | 40 | €94,965 | €237,461 | +€142,496 | +150% |
| Other amounts receivable | 41 | €10,657 | €257,495 | +€246,838 | +2,316% |
| Current investments | 50/53 | €34,838 | €34,838 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,401 | €5,985 | -€51,417 | -89.6% |
| Deferred charges and accrued income | 490/1 | €1,228 | €2,439 | +€1,211 | +98.6% |
| Total equity and liabilities | 10/49 | €9,492,606 | €10,002,427 | +€509,820 | +5.4% |
| Equity | 10/15 | €4,643,756 | €5,942,174 | +€1.3m | +28.0% |
| Contributions | 10/11 | €4,527,400 | €4,527,400 | = | 0.0% |
| Reserves | 13 | €208,260 | €208,260 | = | 0.0% |
| Distributable reserves | 133 | €208,260 | €208,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,904 | €1,206,514 | +€1.3m | |
| Amounts payable | 17/49 | €4,848,850 | €4,060,252 | -€788,598 | -16.3% |
| Amounts payable within one year | 42/48 | €4,848,850 | €4,060,252 | -€788,598 | -16.3% |
| Trade debts | 44 | €1,586 | €89,343 | +€87,756 | +5,532% |
| Suppliers | 440/4 | €1,586 | €89,343 | +€87,756 | +5,532% |
| Taxes, remuneration and social security | 45 | €24,702 | €36,326 | +€11,625 | +47.1% |
| Taxes | 450/3 | €8,405 | €6,837 | -€1,568 | -18.7% |
| Remuneration and social security | 454/9 | €16,297 | €29,489 | +€13,193 | +81.0% |
| Other amounts payable | 47/48 | €4,822,562 | €3,934,583 | -€887,979 | -18.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,396 | €56,606 | +€8,210 | +17.0% |
| Other operating charges | 640/8 | €1,276 | €3,556 | +€2,280 | +179% |
| Gross operating margin | 9900 | €76,056 | €84,372 | +€8,316 | +10.9% |
| Operating profit (loss) | 9901 | €26,384 | €24,210 | -€2,174 | -8.2% |
| Financial income | 75/76B | €810 | €1,276,197 | +€1.3m | +157,374% |
| Recurring financial income | 75 | €810 | €1,276,197 | +€1.3m | +157,374% |
| Financial charges | 65/66B | €1,979 | €1,594 | -€385 | -19.5% |
| Recurring financial charges | 65 | €1,979 | €1,594 | -€385 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €25,215 | €1,298,813 | +€1.3m | +5,051% |
| Income taxes | 67/77 | €560 | €395 | -€165 | -29.5% |
| Profit (loss) for the period | 9904 | €24,654 | €1,298,418 | +€1.3m | +5,167% |
| Profit (loss) for the period to be appropriated | 9905 | €24,654 | €1,298,418 | +€1.3m | +5,167% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.