PIDECO: 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.
PIDECO
Largest movements
- Cash -€18,832
down €18,832 (-20.6%), from €91,333 to €72,501
mainly Contributions, distributions and other (-€79,000) and Receivables within one year (-€12,130)
- Receivables within one year +€12,130
up €12,130 (+55.6%), from €21,821 to €33,951
of which Trade receivables: +€12,014
- Tangible fixed assets -€8,993
down €8,993 (-34.7%), from €25,894 to €16,901
of which Furniture and vehicles: -€8,360
- Reserves -€63,852
down €63,852 (-95.6%), from €66,798 to €2,945
- Other debts +€63,485
up €63,485 (+209.9%), from €30,253 to €93,738
- Tax, wage and social debts -€10,717
down €10,717 (-61.2%), from €17,512 to €6,795
of which Taxes: -€10,717
- Current portion of long-term debt -€5,978
down €5,978 (-66.4%), from €9,006 to €3,027
- Accrued charges and deferred income +€5,871
new in 2025: €5,871
- Gross operating margin -€30,252
down €30,252 (-46.4%), from €65,266 to €35,014
- Taxes -€5,926
down €5,926 (-54.8%), from €10,809 to €4,883
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 | €139,966 | €124,288 | -€15,678 | -11.2% |
| Fixed assets | 21/28 | €25,894 | €16,901 | -€8,993 | -34.7% |
| Tangible fixed assets | 22/27 | €25,894 | €16,901 | -€8,993 | -34.7% |
| Furniture and vehicles | 24 | €23,551 | €15,191 | -€8,360 | -35.5% |
| Other tangible fixed assets | 26 | €2,342 | €1,710 | -€633 | -27.0% |
| Current assets | 29/58 | €114,072 | €107,388 | -€6,685 | -5.9% |
| Amounts receivable within one year | 40/41 | €21,821 | €33,951 | +€12,130 | +55.6% |
| Trade receivables | 40 | €21,821 | €33,835 | +€12,014 | +55.1% |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Cash at bank and in hand | 54/58 | €91,333 | €72,501 | -€18,832 | -20.6% |
| Deferred charges and accrued income | 490/1 | €919 | €935 | +€17 | +1.8% |
| Total equity and liabilities | 10/49 | €139,966 | €124,288 | -€15,678 | -11.2% |
| Equity | 10/15 | €71,798 | €7,945 | -€63,852 | -88.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,798 | €2,945 | -€63,852 | -95.6% |
| Distributable reserves | 133 | €66,798 | €2,945 | -€63,852 | -95.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,168 | €116,343 | +€48,175 | +70.7% |
| Amounts payable after more than one year | 17 | €3,027 | €0 | -€3,027 | -100.0% |
| Financial debts | 170/4 | €3,027 | €0 | -€3,027 | -100.0% |
| Amounts payable within one year | 42/48 | €65,141 | €110,472 | +€45,331 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €9,006 | €3,027 | -€5,978 | -66.4% |
| Trade debts | 44 | €8,371 | €6,911 | -€1,459 | -17.4% |
| Suppliers | 440/4 | €8,371 | €6,911 | -€1,459 | -17.4% |
| Taxes, remuneration and social security | 45 | €17,512 | €6,795 | -€10,717 | -61.2% |
| Taxes | 450/3 | €15,012 | €4,295 | -€10,717 | -71.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €30,253 | €93,738 | +€63,485 | +209.9% |
| Accrued charges and deferred income | 492/3 | - | €5,871 | +€5,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,187 | €10,975 | -€211 | -1.9% |
| Other operating charges | 640/8 | €581 | €1,110 | +€529 | +90.9% |
| Gross operating margin | 9900 | €65,266 | €35,014 | -€30,252 | -46.4% |
| Operating profit (loss) | 9901 | €53,498 | €22,928 | -€30,569 | -57.1% |
| Financial income | 75/76B | €484 | €6 | -€478 | -98.9% |
| Recurring financial income | 75 | €484 | €6 | -€478 | -98.9% |
| Financial charges | 65/66B | €2,442 | €2,903 | +€460 | +18.9% |
| Recurring financial charges | 65 | €2,442 | €2,903 | +€460 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €51,539 | €20,031 | -€31,508 | -61.1% |
| Income taxes | 67/77 | €10,809 | €4,883 | -€5,926 | -54.8% |
| Profit (loss) for the period | 9904 | €40,730 | €15,148 | -€25,583 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,730 | €15,148 | -€25,583 | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.