PIDGON: 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.
PIDGON
Largest movements
- Receivables within one year -€54,452
down €54,452 (-10.9%), from €501,183 to €446,731
of which Other amounts receivable: -€57,091
- Tangible fixed assets -€7,063
down €7,063 (-76.2%), from €9,271 to €2,207
of which Plant, machinery and equipment: -€6,403
- Trade debts -€27,699
down €27,699 (-84.8%), from €32,650 to €4,950
- Profit (loss) carried forward -€22,772
down €22,772 (-22.3%), from -€101,955 to -€124,727
- Tax, wage and social debts -€14,393
down €14,393 (-26.2%), from €54,958 to €40,565
of which Remuneration and social security: -€18,394
- Gross operating margin -€174,101
down €174,101 (-45.9%), from €379,440 to €205,340
- Staff costs -€93,728
down €93,728 (-28.6%), from €327,829 to €234,101
- Financial income -€5,860
down €5,860 (-36.8%), from €15,934 to €10,074
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,653 | €448,938 | -€61,714 | -12.1% |
| Fixed assets | 21/28 | €9,470 | €2,207 | -€7,263 | -76.7% |
| Intangible fixed assets | 21 | €199 | €0 | -€199 | -100.0% |
| Tangible fixed assets | 22/27 | €9,271 | €2,207 | -€7,063 | -76.2% |
| Plant, machinery and equipment | 23 | €6,403 | €0 | -€6,403 | -100.0% |
| Furniture and vehicles | 24 | €2,867 | €2,207 | -€660 | -23.0% |
| Current assets | 29/58 | €501,183 | €446,731 | -€54,452 | -10.9% |
| Amounts receivable within one year | 40/41 | €501,183 | €446,731 | -€54,452 | -10.9% |
| Trade receivables | 40 | €77,153 | €79,793 | +€2,639 | +3.4% |
| Other amounts receivable | 41 | €424,029 | €366,938 | -€57,091 | -13.5% |
| Total equity and liabilities | 10/49 | €510,653 | €448,938 | -€61,714 | -12.1% |
| Equity | 10/15 | €423,045 | €400,273 | -€22,772 | -5.4% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,955 | -€124,727 | -€22,772 | -22.3% |
| Amounts payable | 17/49 | €87,607 | €48,665 | -€38,942 | -44.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €87,607 | €45,515 | -€42,092 | -48.0% |
| Trade debts | 44 | €32,650 | €4,950 | -€27,699 | -84.8% |
| Suppliers | 440/4 | €32,650 | €4,950 | -€27,699 | -84.8% |
| Taxes, remuneration and social security | 45 | €54,958 | €40,565 | -€14,393 | -26.2% |
| Taxes | 450/3 | €11,152 | €15,153 | +€4,001 | +35.9% |
| Remuneration and social security | 454/9 | €43,806 | €25,412 | -€18,394 | -42.0% |
| Accrued charges and deferred income | 492/3 | - | €3,150 | +€3,150 | |
| Remuneration, social security and pensions | 62 | €327,829 | €234,101 | -€93,728 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,919 | €660 | -€2,259 | -77.4% |
| Other operating charges | 640/8 | €669 | €528 | -€141 | -21.1% |
| Gross operating margin | 9900 | €379,440 | €205,340 | -€174,101 | -45.9% |
| Operating profit (loss) | 9901 | €48,024 | -€29,949 | -€77,973 | |
| Financial income | 75/76B | €15,934 | €10,074 | -€5,860 | -36.8% |
| Recurring financial income | 75 | €15,934 | €10,074 | -€5,860 | -36.8% |
| Financial charges | 65/66B | €4,998 | €2,673 | -€2,325 | -46.5% |
| Recurring financial charges | 65 | €4,998 | €2,673 | -€2,325 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €58,960 | -€22,549 | -€81,508 | |
| Income taxes | 67/77 | €189 | €223 | +€34 | +17.9% |
| Profit (loss) for the period | 9904 | €58,770 | -€22,772 | -€81,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,770 | -€22,772 | -€81,542 |
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 2 October 2026 via checked.be.