PIDAX: 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.
PIDAX
Largest movements
- Cash +€116,633
up €116,633 (+276%), from €42,276 to €158,909
mainly Net result for the year (+€59,831) and Tax, wage and social debts (+€19,315)
- Receivables within one year -€10,392
down €10,392 (-29.1%), from €35,709 to €25,317
of which Trade receivables: -€5,926
- Tangible fixed assets -€6,020
down €6,020 (-43.5%), from €13,842 to €7,823
- Profit (loss) carried forward +€59,831
up €59,831 (+89.6%), from €66,803 to €126,634
- Tax, wage and social debts +€19,315
up €19,315 (+82.2%), from €23,496 to €42,811
of which Taxes: +€20,393
- Trade debts +€18,584
up €18,584 (+755%), from €2,462 to €21,047
- Other debts +€2,674
new in 2025: €2,674
- Gross operating margin -€10,536
down €10,536 (-11.6%), from €91,054 to €80,518
- Financial income +€2,603
up €2,603 (+26,030,500%), from €0 to €2,603
- Taxes -€1,295
down €1,295 (-7.1%), from €18,170 to €16,875
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 | €95,762 | €196,166 | +€100,404 | +105% |
| Fixed assets | 21/28 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Tangible fixed assets | 22/27 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Furniture and vehicles | 24 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Current assets | 29/58 | €81,919 | €188,343 | +€106,424 | +130% |
| Amounts receivable within one year | 40/41 | €35,709 | €25,317 | -€10,392 | -29.1% |
| Trade receivables | 40 | €31,243 | €25,317 | -€5,926 | -19.0% |
| Other amounts receivable | 41 | €4,466 | €0 | -€4,466 | -100% |
| Cash at bank and in hand | 54/58 | €42,276 | €158,909 | +€116,633 | +276% |
| Deferred charges and accrued income | 490/1 | €3,934 | €4,117 | +€183 | +4.6% |
| Total equity and liabilities | 10/49 | €95,762 | €196,166 | +€100,404 | +105% |
| Equity | 10/15 | €69,803 | €129,634 | +€59,831 | +85.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,803 | €126,634 | +€59,831 | +89.6% |
| Amounts payable | 17/49 | €25,958 | €66,532 | +€40,573 | +156% |
| Amounts payable within one year | 42/48 | €25,958 | €66,532 | +€40,573 | +156% |
| Trade debts | 44 | €2,462 | €21,047 | +€18,584 | +755% |
| Suppliers | 440/4 | €2,462 | €21,047 | +€18,584 | +755% |
| Taxes, remuneration and social security | 45 | €23,496 | €42,811 | +€19,315 | +82.2% |
| Taxes | 450/3 | €22,011 | €42,404 | +€20,393 | +92.6% |
| Remuneration and social security | 454/9 | €1,485 | €406 | -€1,078 | -72.6% |
| Other amounts payable | 47/48 | - | €2,674 | +€2,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €6,020 | +€637 | +11.8% |
| Other operating charges | 640/8 | €612 | €352 | -€261 | -42.6% |
| Gross operating margin | 9900 | €91,054 | €80,518 | -€10,536 | -11.6% |
| Operating profit (loss) | 9901 | €85,060 | €74,147 | -€10,912 | -12.8% |
| Financial income | 75/76B | €0 | €2,603 | +€2,603 | +26,030,500% |
| Recurring financial income | 75 | €0 | €2,603 | +€2,603 | +26,030,500% |
| Financial charges | 65/66B | €86 | €44 | -€42 | -48.7% |
| Recurring financial charges | 65 | €86 | €44 | -€42 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €84,974 | €76,706 | -€8,267 | -9.7% |
| Income taxes | 67/77 | €18,170 | €16,875 | -€1,295 | -7.1% |
| Profit (loss) for the period | 9904 | €66,803 | €59,831 | -€6,973 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,803 | €59,831 | -€6,973 | -10.4% |
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 14 October 2026 via checked.be.