RAYEN PEDO PSY: 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.
RAYEN PEDO PSY
Largest movements
- Receivables after one year +€57,057
up €57,057 (+140%), from €40,779 to €97,837
- Deferred charges and accrued income +€15,514
up €15,514 (+93.6%), from €16,569 to €32,083
- Cash +€14,119
up €14,119 (+40.8%), from €34,625 to €48,743
mainly Net result for the year (+€76,375) and Provisions (+€18,589)
- Tangible fixed assets -€9,362
down €9,362 (-25.2%), from €37,204 to €27,842
- Profit (loss) carried forward +€76,375
up €76,375 (+98.0%), from €77,954 to €154,329
- Provisions +€18,589
new in 2025: €18,589
- Debts after one year -€16,101
down €16,101 (-78.2%), from €20,600 to €4,499
of which Financial debts: -€16,409
- Gross operating margin +€54,990
up €54,990 (+76.3%), from €72,089 to €127,078
- Provisions +€18,589
new in 2025: €18,589
- Taxes +€13,989
up €13,989 (+113%), from €12,334 to €26,323
- Other operating charges -€9,093
down €9,093 (-93.4%), from €9,734 to €641
- Financial income +€2,955
up €2,955 (+115%), from €2,558 to €5,513
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 | €131,223 | €208,552 | +€77,328 | +58.9% |
| Fixed assets | 21/28 | €37,204 | €27,842 | -€9,362 | -25.2% |
| Tangible fixed assets | 22/27 | €37,204 | €27,842 | -€9,362 | -25.2% |
| Furniture and vehicles | 24 | €37,204 | €27,842 | -€9,362 | -25.2% |
| Current assets | 29/58 | €94,019 | €180,709 | +€86,690 | +92.2% |
| Amounts receivable after more than one year | 29 | €40,779 | €97,837 | +€57,057 | +140% |
| Other amounts receivable | 291 | €40,779 | €97,837 | +€57,057 | +140% |
| Amounts receivable within one year | 40/41 | €2,047 | €2,047 | = | 0.0% |
| Other amounts receivable | 41 | €2,047 | €2,047 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,625 | €48,743 | +€14,119 | +40.8% |
| Deferred charges and accrued income | 490/1 | €16,569 | €32,083 | +€15,514 | +93.6% |
| Total equity and liabilities | 10/49 | €131,223 | €208,552 | +€77,328 | +58.9% |
| Equity | 10/15 | €82,954 | €159,329 | +€76,375 | +92.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,954 | €154,329 | +€76,375 | +98.0% |
| Provisions and deferred taxes | 16 | - | €18,589 | +€18,589 | |
| Provisions for liabilities and charges | 160/5 | - | €18,589 | +€18,589 | |
| Other liabilities and charges | 164/5 | - | €18,589 | +€18,589 | |
| Amounts payable | 17/49 | €48,269 | €30,634 | -€17,636 | -36.5% |
| Amounts payable after more than one year | 17 | €20,600 | €4,499 | -€16,101 | -78.2% |
| Financial debts | 170/4 | €20,600 | €4,191 | -€16,409 | -79.7% |
| Other amounts payable | 178/9 | - | €308 | +€308 | |
| Amounts payable within one year | 42/48 | €27,669 | €26,135 | -€1,535 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €15,856 | €16,409 | +€554 | +3.5% |
| Financial debts | 43 | €53 | €346 | +€293 | +549% |
| Credit institutions | 430/8 | €53 | €346 | +€293 | +549% |
| Trade debts | 44 | €2,739 | €1,056 | -€1,682 | -61.4% |
| Suppliers | 440/4 | €2,739 | €1,056 | -€1,682 | -61.4% |
| Taxes, remuneration and social security | 45 | €9,022 | €8,323 | -€698 | -7.7% |
| Taxes | 450/3 | €9,022 | €8,323 | -€698 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,692 | €9,362 | +€2,670 | +39.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €18,589 | +€18,589 | |
| Other operating charges | 640/8 | €9,734 | €641 | -€9,093 | -93.4% |
| Gross operating margin | 9900 | €72,089 | €127,078 | +€54,990 | +76.3% |
| Operating profit (loss) | 9901 | €55,662 | €98,486 | +€42,824 | +76.9% |
| Financial income | 75/76B | €2,558 | €5,513 | +€2,955 | +115% |
| Recurring financial income | 75 | €2,558 | €5,513 | +€2,955 | +115% |
| Financial charges | 65/66B | €1,360 | €1,301 | -€59 | -4.4% |
| Recurring financial charges | 65 | €1,360 | €1,301 | -€59 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €56,860 | €102,698 | +€45,838 | +80.6% |
| Income taxes | 67/77 | €12,334 | €26,323 | +€13,989 | +113% |
| Profit (loss) for the period | 9904 | €44,526 | €76,375 | +€31,848 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,526 | €76,375 | +€31,848 | +71.5% |
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 1 November 2026 via checked.be.