PIDEL: 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.
PIDEL
Largest movements
- Cash -€21,885
down €21,885 (-46.1%), from €47,436 to €25,551
mainly Net result for the year (-€21,759) and Debts after one year (-€8,480)
- Tangible fixed assets -€12,136
down €12,136 (-15.4%), from €78,607 to €66,471
- Receivables within one year +€3,456
up €3,456 (+4.1%), from €85,077 to €88,533
- Profit (loss) carried forward -€21,759
down €21,759 (-28.0%), from -€77,727 to -€99,486
- Debts after one year -€8,480
down €8,480 (-30.8%), from €27,559 to €19,080
- Gross operating margin -€4,777
down €4,777 (-838.1%), from -€570 to -€5,346
- Financial charges -€509
down €509 (-19.1%), from €2,673 to €2,164
- Other operating charges +€466
up €466 (+24.9%), from €1,870 to €2,336
- Depreciation -€256
down €256 (-2.1%), from €12,392 to €12,136
- Financial income -€89
down €89 (-28.4%), from €313 to €225
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 | €264,922 | €232,812 | -€32,110 | -12.1% |
| Fixed assets | 21/28 | €78,607 | €66,471 | -€12,136 | -15.4% |
| Tangible fixed assets | 22/27 | €78,607 | €66,471 | -€12,136 | -15.4% |
| Land and buildings | 22 | €78,607 | €66,471 | -€12,136 | -15.4% |
| Current assets | 29/58 | €186,315 | €166,342 | -€19,973 | -10.7% |
| Amounts receivable within one year | 40/41 | €85,077 | €88,533 | +€3,456 | +4.1% |
| Other amounts receivable | 41 | €85,077 | €88,533 | +€3,456 | +4.1% |
| Current investments | 50/53 | €48,653 | €48,836 | +€182 | +0.4% |
| Cash at bank and in hand | 54/58 | €47,436 | €25,551 | -€21,885 | -46.1% |
| Deferred charges and accrued income | 490/1 | €5,149 | €3,423 | -€1,726 | -33.5% |
| Total equity and liabilities | 10/49 | €264,922 | €232,812 | -€32,110 | -12.1% |
| Equity | 10/15 | €225,987 | €204,229 | -€21,759 | -9.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €238,741 | €238,741 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,727 | -€99,486 | -€21,759 | -28.0% |
| Amounts payable | 17/49 | €38,935 | €28,584 | -€10,351 | -26.6% |
| Amounts payable after more than one year | 17 | €27,559 | €19,080 | -€8,480 | -30.8% |
| Financial debts | 170/4 | €27,559 | €19,080 | -€8,480 | -30.8% |
| Amounts payable within one year | 42/48 | €11,255 | €9,504 | -€1,751 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €8,480 | €8,480 | = | 0.0% |
| Trade debts | 44 | €2,775 | €1,024 | -€1,751 | -63.1% |
| Suppliers | 440/4 | €2,775 | €1,024 | -€1,751 | -63.1% |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,392 | €12,136 | -€256 | -2.1% |
| Other operating charges | 640/8 | €1,870 | €2,336 | +€466 | +24.9% |
| Gross operating margin | 9900 | -€570 | -€5,346 | -€4,777 | -838.1% |
| Operating profit (loss) | 9901 | -€14,833 | -€19,819 | -€4,987 | -33.6% |
| Financial income | 75/76B | €313 | €225 | -€89 | -28.4% |
| Recurring financial income | 75 | €313 | €225 | -€89 | -28.4% |
| Financial charges | 65/66B | €2,673 | €2,164 | -€509 | -19.1% |
| Recurring financial charges | 65 | €2,673 | €2,164 | -€509 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,192 | -€21,759 | -€4,566 | -26.6% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€17,192 | -€21,759 | -€4,566 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,192 | -€21,759 | -€4,566 | -26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.