PIDESCO: 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.
PIDESCO
Largest movements
- Current investments +€82,143
up €82,143 (+46.2%), from €177,857 to €260,000
- Cash -€67,763
down €67,763 (-79.5%), from €85,287 to €17,524
mainly Current investments (-€82,143) and Other debts (-€4,125)
- Tangible fixed assets -€20,568
down €20,568 (-33.7%), from €60,998 to €40,431
of which Land and buildings: -€20,568
- Other debts -€4,125
down €4,125 (-3.1%), from €133,945 to €129,820
- Provisions +€3,000
up €3,000, from -€3,000 to €0
- Financial income +€1,064
up €1,064 (+23.3%), from €4,575 to €5,638
- Gross operating margin -€914
down €914 (-4.7%), from €19,321 to €18,407
- Depreciation -€534
down €534 (-2.5%), from €21,102 to €20,568
- Taxes -€526
down €526 (-45.5%), from €1,156 to €630
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 | €327,359 | €323,099 | -€4,260 | -1.3% |
| Fixed assets | 21/28 | €60,998 | €40,431 | -€20,568 | -33.7% |
| Tangible fixed assets | 22/27 | €60,998 | €40,431 | -€20,568 | -33.7% |
| Land and buildings | 22 | €52,998 | €32,431 | -€20,568 | -38.8% |
| Furniture and vehicles | 24 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €266,361 | €282,668 | +€16,307 | +6.1% |
| Amounts receivable within one year | 40/41 | €731 | €2,635 | +€1,903 | +260.2% |
| Trade receivables | 40 | €516 | €1,358 | +€842 | +163.3% |
| Other amounts receivable | 41 | €216 | €1,277 | +€1,061 | +491.6% |
| Current investments | 50/53 | €177,857 | €260,000 | +€82,143 | +46.2% |
| Cash at bank and in hand | 54/58 | €85,287 | €17,524 | -€67,763 | -79.5% |
| Deferred charges and accrued income | 490/1 | €2,486 | €2,509 | +€24 | +0.9% |
| Total equity and liabilities | 10/49 | €327,359 | €323,099 | -€4,260 | -1.3% |
| Equity | 10/15 | €181,141 | €182,085 | +€944 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,541 | €163,485 | +€944 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €147,681 | €148,625 | +€944 | +0.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €146,218 | €141,014 | -€5,204 | -3.6% |
| Amounts payable within one year | 42/48 | €136,186 | €130,981 | -€5,204 | -3.8% |
| Trade debts | 44 | €166 | €191 | +€25 | +15.2% |
| Suppliers | 440/4 | €166 | €191 | +€25 | +15.2% |
| Taxes, remuneration and social security | 45 | €2,075 | €971 | -€1,105 | -53.2% |
| Taxes | 450/3 | €2,075 | €971 | -€1,105 | -53.2% |
| Other amounts payable | 47/48 | €133,945 | €129,820 | -€4,125 | -3.1% |
| Accrued charges and deferred income | 492/3 | €10,033 | €10,033 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,102 | €20,568 | -€534 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,000 | €0 | +€3,000 | |
| Other operating charges | 640/8 | €1,248 | €1,206 | -€42 | -3.4% |
| Gross operating margin | 9900 | €19,321 | €18,407 | -€914 | -4.7% |
| Operating profit (loss) | 9901 | -€29 | -€3,366 | -€3,337 | -11472.5% |
| Financial income | 75/76B | €4,575 | €5,638 | +€1,064 | +23.3% |
| Recurring financial income | 75 | €4,575 | €5,638 | +€1,064 | +23.3% |
| Financial charges | 65/66B | €313 | €697 | +€384 | +122.5% |
| Recurring financial charges | 65 | €313 | €697 | +€384 | +122.5% |
| Profit (loss) for the period before taxes | 9903 | €4,232 | €1,575 | -€2,658 | -62.8% |
| Income taxes | 67/77 | €1,156 | €630 | -€526 | -45.5% |
| Profit (loss) for the period | 9904 | €3,076 | €944 | -€2,131 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,076 | €944 | -€2,131 | -69.3% |
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 4 October 2026 via checked.be.