TRANSPARANT INCREASING OBJECTIVES PEDRO: 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.
TRANSPARANT INCREASING OBJECTIVES PEDRO
Largest movements
- Financial fixed assets +€831,000
new in 2025: €831,000
- Cash -€174,924
down €174,924 (-81.4%), from €214,972 to €40,048
mainly Investment in fixed assets (net) (-€831,000) and Contributions, distributions and other (-€100,000)
- Debts after one year +€373,382
new in 2025: €373,382
- Other debts +€112,062
up €112,062 (+1,775%), from €6,314 to €118,377
- Current portion of long-term debt +€72,462
new in 2025: €72,462
- Reserves +€62,366
up €62,366 (+26.6%), from €234,421 to €296,788
- Tax, wage and social debts +€40,572
up €40,572 (+361%), from €11,248 to €51,820
- Financial income +€90,207
up €90,207 (+38,613%), from €234 to €90,440
- Gross operating margin +€46,189
up €46,189 (+53.6%), from €86,244 to €132,433
- Taxes +€23,429
up €23,429 (+129%), from €18,176 to €41,605
- Financial charges +€12,731
up €12,731 (+864%), from €1,473 to €14,204
- Depreciation +€1,741
up €1,741 (+94.1%), from €1,850 to €3,591
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 | €264,216 | €917,203 | +€652,987 | +247% |
| Fixed assets | 21/28 | €10,002 | €837,411 | +€827,409 | +8,273% |
| Tangible fixed assets | 22/27 | €10,002 | €6,411 | -€3,591 | -35.9% |
| Furniture and vehicles | 24 | €9,380 | €6,411 | -€2,969 | -31.7% |
| Other tangible fixed assets | 26 | €622 | €0 | -€622 | -100% |
| Financial fixed assets | 28 | - | €831,000 | +€831,000 | |
| Current assets | 29/58 | €254,214 | €79,792 | -€174,423 | -68.6% |
| Amounts receivable after more than one year | 29 | €8,044 | €0 | -€8,044 | -100% |
| Other amounts receivable | 291 | €8,044 | €0 | -€8,044 | -100% |
| Amounts receivable within one year | 40/41 | €29,404 | €35,291 | +€5,887 | +20.0% |
| Trade receivables | 40 | €20,818 | €35,291 | +€14,473 | +69.5% |
| Other amounts receivable | 41 | €8,586 | €0 | -€8,586 | -100% |
| Cash at bank and in hand | 54/58 | €214,972 | €40,048 | -€174,924 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,795 | €4,453 | +€2,658 | +148% |
| Total equity and liabilities | 10/49 | €264,216 | €917,203 | +€652,987 | +247% |
| Equity | 10/15 | €237,421 | €299,788 | +€62,366 | +26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €234,421 | €296,788 | +€62,366 | +26.6% |
| Distributable reserves | 133 | €234,421 | €296,788 | +€62,366 | +26.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,795 | €617,415 | +€590,620 | +2,204% |
| Amounts payable after more than one year | 17 | - | €373,382 | +€373,382 | |
| Financial debts | 170/4 | - | €373,382 | +€373,382 | |
| Amounts payable within one year | 42/48 | €26,353 | €243,196 | +€216,842 | +823% |
| Current portion of amounts payable after more than one year | 42 | - | €72,462 | +€72,462 | |
| Trade debts | 44 | €8,791 | €537 | -€8,254 | -93.9% |
| Suppliers | 440/4 | €8,791 | €537 | -€8,254 | -93.9% |
| Taxes, remuneration and social security | 45 | €11,248 | €51,820 | +€40,572 | +361% |
| Taxes | 450/3 | €11,248 | €51,820 | +€40,572 | +361% |
| Other amounts payable | 47/48 | €6,314 | €118,377 | +€112,062 | +1,775% |
| Accrued charges and deferred income | 492/3 | €442 | €837 | +€395 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,850 | €3,591 | +€1,741 | +94.1% |
| Other operating charges | 640/8 | €1,062 | €1,107 | +€45 | +4.2% |
| Gross operating margin | 9900 | €86,244 | €132,433 | +€46,189 | +53.6% |
| Operating profit (loss) | 9901 | €83,331 | €127,735 | +€44,404 | +53.3% |
| Financial income | 75/76B | €234 | €90,440 | +€90,207 | +38,613% |
| Recurring financial income | 75 | €234 | €90,440 | +€90,207 | +38,613% |
| Financial charges | 65/66B | €1,473 | €14,204 | +€12,731 | +864% |
| Recurring financial charges | 65 | €1,473 | €14,204 | +€12,731 | +864% |
| Profit (loss) for the period before taxes | 9903 | €82,092 | €203,972 | +€121,880 | +148% |
| Income taxes | 67/77 | €18,176 | €41,605 | +€23,429 | +129% |
| Profit (loss) for the period | 9904 | €63,915 | €162,366 | +€98,451 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €63,915 | €162,366 | +€98,451 | +154% |
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.