PIDE: 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.
PIDE
Largest movements
- Tangible fixed assets +€309,574
up €309,574, from €0 to €309,574
- Cash -€126,589
down €126,589 (-86.7%), from €145,938 to €19,349
mainly Investment in fixed assets (net) (-€356,075) and Net result for the year (-€35,627)
- Current investments -€49,152
down €49,152 (-32.8%), from €150,000 to €100,848
- Deferred charges and accrued income +€7,028
up €7,028 (+341.7%), from €2,057 to €9,085
- Debts after one year +€168,500
new in 2025: €168,500
- Profit (loss) carried forward -€35,217
down €35,217, from €0 to -€35,217
- Trade debts +€6,923
up €6,923 (+4279.5%), from €162 to €7,085
- Current portion of long-term debt +€6,500
new in 2025: €6,500
- Gross operating margin -€340,488
down €340,488, from €338,256 to -€2,232
- Depreciation +€46,501
new in 2025: €46,501
- Financial income +€9,315
up €9,315 (+186.8%), from €4,988 to €14,302
of which Financial income: +€9,315
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 | €450,250 | €596,447 | +€146,197 | +32.5% |
| Fixed assets | 21/28 | €0 | €309,574 | +€309,574 | |
| Tangible fixed assets | 22/27 | €0 | €309,574 | +€309,574 | |
| Land and buildings | 22 | €0 | €309,574 | +€309,574 | |
| Current assets | 29/58 | €450,250 | €286,872 | -€163,377 | -36.3% |
| Amounts receivable within one year | 40/41 | €152,255 | €157,590 | +€5,335 | +3.5% |
| Trade receivables | 40 | €0 | €3,841 | +€3,841 | |
| Other amounts receivable | 41 | €152,255 | €153,749 | +€1,494 | +1.0% |
| Current investments | 50/53 | €150,000 | €100,848 | -€49,152 | -32.8% |
| Cash at bank and in hand | 54/58 | €145,938 | €19,349 | -€126,589 | -86.7% |
| Deferred charges and accrued income | 490/1 | €2,057 | €9,085 | +€7,028 | +341.7% |
| Total equity and liabilities | 10/49 | €450,250 | €596,447 | +€146,197 | +32.5% |
| Equity | 10/15 | €364,953 | €329,325 | -€35,627 | -9.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €303,453 | €303,042 | -€410 | -0.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €255,214 | €254,916 | -€298 | -0.1% |
| Distributable reserves | 133 | €42,088 | €41,976 | -€113 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | -€35,217 | -€35,217 | |
| Provisions and deferred taxes | 16 | €85,071 | €84,972 | -€99 | -0.1% |
| Deferred taxes | 168 | €85,071 | €84,972 | -€99 | -0.1% |
| Amounts payable | 17/49 | €226 | €182,149 | +€181,923 | +80646.9% |
| Amounts payable after more than one year | 17 | - | €168,500 | +€168,500 | |
| Financial debts | 170/4 | - | €168,500 | +€168,500 | |
| Amounts payable within one year | 42/48 | €162 | €13,585 | +€13,424 | +8297.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,500 | +€6,500 | |
| Trade debts | 44 | €162 | €7,085 | +€6,923 | +4279.5% |
| Suppliers | 440/4 | €162 | €7,085 | +€6,923 | +4279.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €64 | €64 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €46,501 | +€46,501 | |
| Other operating charges | 640/8 | €1,808 | €387 | -€1,421 | -78.6% |
| Gross operating margin | 9900 | €338,256 | -€2,232 | -€340,488 | |
| Operating profit (loss) | 9901 | €336,448 | -€49,120 | -€385,568 | |
| Financial income | 75/76B | €4,988 | €14,302 | +€9,315 | +186.8% |
| Recurring financial income | 75 | €4,988 | €14,302 | +€9,315 | +186.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €354 | €909 | +€555 | +156.7% |
| Recurring financial charges | 65 | €354 | €909 | +€555 | +156.7% |
| Profit (loss) for the period before taxes | 9903 | €341,082 | -€35,726 | -€376,808 | |
| Transfer from deferred taxes | 780 | - | €99 | +€99 | |
| Transfer to deferred taxes | 680 | €85,071 | €0 | -€85,071 | -100.0% |
| Income taxes | 67/77 | €253 | €0 | -€253 | -100.0% |
| Profit (loss) for the period | 9904 | €255,757 | -€35,627 | -€291,384 | |
| Transfer from tax-exempt reserves | 789 | - | €298 | +€298 | |
| Transfer to tax-exempt reserves | 689 | €255,214 | €0 | -€255,214 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €543 | -€35,329 | -€35,872 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.