PedEC: what changed
PedEC
Largest movements
- Cash +€63,465
up €63,465 (+165%), from €38,368 to €101,834
mainly Net result for the year (+€108,487) and Depreciation (+€11,797)
- Tangible fixed assets +€46,799
up €46,799 (+5,517%), from €848 to €47,647
of which Furniture and vehicles: +€44,867
- Receivables within one year -€6,195
down €6,195 (-12.1%), from €51,095 to €44,900
of which Trade receivables: -€6,475
- Reserves +€108,487
up €108,487 (+89.4%), from €121,399 to €229,886
- Tax, wage and social debts -€4,447
down €4,447 (-30.2%), from €14,727 to €10,280
- Depreciation +€11,526
up €11,526 (+4,256%), from €271 to €11,797
- Gross operating margin -€6,232
down €6,232 (-4.0%), from €156,615 to €150,383
- Taxes -€4,447
down €4,447 (-12.8%), from €34,727 to €30,280
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,312 | €244,381 | +€104,069 | +74.2% |
| Fixed assets | 21/28 | €848 | €47,647 | +€46,799 | +5,517% |
| Tangible fixed assets | 22/27 | €848 | €47,647 | +€46,799 | +5,517% |
| Plant, machinery and equipment | 23 | €848 | €2,780 | +€1,932 | +228% |
| Furniture and vehicles | 24 | - | €44,867 | +€44,867 | |
| Current assets | 29/58 | €139,463 | €196,734 | +€57,270 | +41.1% |
| Amounts receivable within one year | 40/41 | €51,095 | €44,900 | -€6,195 | -12.1% |
| Trade receivables | 40 | €51,095 | €44,620 | -€6,475 | -12.7% |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,368 | €101,834 | +€63,465 | +165% |
| Total equity and liabilities | 10/49 | €140,312 | €244,381 | +€104,069 | +74.2% |
| Equity | 10/15 | €123,899 | €232,386 | +€108,487 | +87.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €121,399 | €229,886 | +€108,487 | +89.4% |
| Distributable reserves | 133 | €121,399 | €229,886 | +€108,487 | +89.4% |
| Amounts payable | 17/49 | €16,412 | €11,994 | -€4,418 | -26.9% |
| Amounts payable within one year | 42/48 | €16,412 | €11,994 | -€4,418 | -26.9% |
| Trade debts | 44 | €1,685 | €1,714 | +€29 | +1.7% |
| Suppliers | 440/4 | €1,685 | €1,714 | +€29 | +1.7% |
| Taxes, remuneration and social security | 45 | €14,727 | €10,280 | -€4,447 | -30.2% |
| Taxes | 450/3 | €14,727 | €10,280 | -€4,447 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €11,797 | +€11,526 | +4,256% |
| Other operating charges | 640/8 | €219 | €1,254 | +€1,035 | +473% |
| Gross operating margin | 9900 | €156,615 | €150,383 | -€6,232 | -4.0% |
| Operating profit (loss) | 9901 | €156,125 | €137,332 | -€18,793 | -12.0% |
| Financial income | 75/76B | €1 | €1,551 | +€1,550 | +170,315% |
| Recurring financial income | 75 | €1 | €1,551 | +€1,550 | +170,315% |
| Financial charges | 65/66B | - | €115 | +€115 | |
| Recurring financial charges | 65 | - | €115 | +€115 | |
| Profit (loss) for the period before taxes | 9903 | €156,126 | €138,767 | -€17,359 | -11.1% |
| Income taxes | 67/77 | €34,727 | €30,280 | -€4,447 | -12.8% |
| Profit (loss) for the period | 9904 | €121,399 | €108,487 | -€12,912 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,399 | €108,487 | -€12,912 | -10.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.