PIDEECO: 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.
PIDEECO
Largest movements
- Tangible fixed assets -€135,675
down €135,675 (-6.6%), from €2.0m to €1.9m
of which Furniture and vehicles: -€80,145
- Receivables within one year +€77,700
up €77,700 (+56.9%), from €136,648 to €214,348
of which Trade receivables: +€75,145
- Cash -€58,261
down €58,261 (-15.8%), from €368,084 to €309,823
mainly Contributions, distributions and other (-€359,384) and Debts after one year (-€109,264)
- Reserves -€359,384
down €359,384 (-52.0%), from €690,693 to €331,309
- Other debts +€285,388
up €285,388 (+55.8%), from €511,067 to €796,455
- Debts after one year -€109,264
down €109,264 (-9.9%), from €1.1m to €998,966
- Tax, wage and social debts +€31,388
up €31,388 (+19.4%), from €162,103 to €193,491
of which Remuneration and social security: +€18,365
- Trade debts +€27,783
up €27,783 (+26.8%), from €103,492 to €131,275
- Staff costs -€93,933
down €93,933 (-11.3%), from €827,792 to €733,859
- Gross operating margin -€47,688
down €47,688 (-4.8%), from €986,198 to €938,510
- Depreciation +€18,397
up €18,397 (+13.4%), from €137,278 to €155,675
- Financial charges -€12,236
down €12,236 (-20.4%), from €59,945 to €47,709
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 | €2,659,516 | €2,524,610 | -€134,906 | -5.1% |
| Fixed assets | 21/28 | €2,148,130 | €1,992,455 | -€155,675 | -7.2% |
| Intangible fixed assets | 21 | €99,344 | €79,344 | -€20,000 | -20.1% |
| Tangible fixed assets | 22/27 | €2,048,786 | €1,913,111 | -€135,675 | -6.6% |
| Land and buildings | 22 | €1,788,068 | €1,732,538 | -€55,530 | -3.1% |
| Furniture and vehicles | 24 | €260,718 | €180,573 | -€80,145 | -30.7% |
| Current assets | 29/58 | €511,386 | €532,155 | +€20,769 | +4.1% |
| Amounts receivable within one year | 40/41 | €136,648 | €214,348 | +€77,700 | +56.9% |
| Trade receivables | 40 | €88,985 | €164,130 | +€75,145 | +84.4% |
| Other amounts receivable | 41 | €47,664 | €50,219 | +€2,555 | +5.4% |
| Current investments | 50/53 | €5,358 | €7,983 | +€2,625 | +49.0% |
| Cash at bank and in hand | 54/58 | €368,084 | €309,823 | -€58,261 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,295 | €0 | -€1,295 | -100% |
| Total equity and liabilities | 10/49 | €2,659,516 | €2,524,610 | -€134,906 | -5.1% |
| Equity | 10/15 | €654,073 | €286,181 | -€367,893 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €690,693 | €331,309 | -€359,384 | -52.0% |
| Distributable reserves | 133 | €690,693 | €331,309 | -€359,384 | -52.0% |
| Profit (loss) carried forward | 14 | -€55,219 | -€63,729 | -€8,509 | -15.4% |
| Amounts payable | 17/49 | €2,005,443 | €2,238,429 | +€232,986 | +11.6% |
| Amounts payable after more than one year | 17 | €1,108,230 | €998,966 | -€109,264 | -9.9% |
| Financial debts | 170/4 | €1,108,230 | €998,966 | -€109,264 | -9.9% |
| Amounts payable within one year | 42/48 | €897,213 | €1,239,463 | +€342,250 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €111,271 | €109,264 | -€2,007 | -1.8% |
| Financial debts | 43 | €9,281 | €8,979 | -€302 | -3.3% |
| Credit institutions | 430/8 | - | €8,979 | +€8,979 | |
| Other loans | 439 | €9,281 | - | -€9,281 | |
| Trade debts | 44 | €103,492 | €131,275 | +€27,783 | +26.8% |
| Suppliers | 440/4 | €103,492 | €131,275 | +€27,783 | +26.8% |
| Taxes, remuneration and social security | 45 | €162,103 | €193,491 | +€31,388 | +19.4% |
| Taxes | 450/3 | €69,954 | €82,977 | +€13,023 | +18.6% |
| Remuneration and social security | 454/9 | €92,149 | €110,514 | +€18,365 | +19.9% |
| Other amounts payable | 47/48 | €511,067 | €796,455 | +€285,388 | +55.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €827,792 | €733,859 | -€93,933 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,278 | €155,675 | +€18,397 | +13.4% |
| Other operating charges | 640/8 | €17,162 | €10,032 | -€7,131 | -41.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €986,198 | €938,510 | -€47,688 | -4.8% |
| Operating profit (loss) | 9901 | €3,965 | €38,944 | +€34,978 | +882% |
| Financial income | 75/76B | €4,263 | €4,038 | -€225 | -5.3% |
| Recurring financial income | 75 | €4,263 | €4,038 | -€225 | -5.3% |
| Financial charges | 65/66B | €59,945 | €47,709 | -€12,236 | -20.4% |
| Recurring financial charges | 65 | €59,945 | €47,709 | -€12,236 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,716 | -€4,727 | +€46,989 | +90.9% |
| Income taxes | 67/77 | €3,503 | €3,782 | +€279 | +8.0% |
| Profit (loss) for the period | 9904 | -€55,219 | -€8,509 | +€46,710 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,219 | -€8,509 | +€46,710 | +84.6% |
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 27 October 2026 via checked.be.