PIDAX: what changed
PIDAX
Largest movements
- Cash +€116,633
up €116,633 (+276%), from €42,276 to €158,909
mainly Net result for the year (+€59,831) and Tax, wage and social debts (+€19,315)
- Receivables within one year -€10,392
down €10,392 (-29.1%), from €35,709 to €25,317
of which Trade receivables: -€5,926
- Tangible fixed assets -€6,020
down €6,020 (-43.5%), from €13,842 to €7,823
- Profit (loss) carried forward +€59,831
up €59,831 (+89.6%), from €66,803 to €126,634
- Tax, wage and social debts +€19,315
up €19,315 (+82.2%), from €23,496 to €42,811
of which Taxes: +€20,393
- Trade debts +€18,584
up €18,584 (+755%), from €2,462 to €21,047
- Other debts +€2,674
new in 2025: €2,674
- Gross operating margin -€10,536
down €10,536 (-11.6%), from €91,054 to €80,518
- Financial income +€2,603
up €2,603 (+26,030,500%), from €0 to €2,603
- Taxes -€1,295
down €1,295 (-7.1%), from €18,170 to €16,875
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 | €95,762 | €196,166 | +€100,404 | +105% |
| Fixed assets | 21/28 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Tangible fixed assets | 22/27 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Furniture and vehicles | 24 | €13,842 | €7,823 | -€6,020 | -43.5% |
| Current assets | 29/58 | €81,919 | €188,343 | +€106,424 | +130% |
| Amounts receivable within one year | 40/41 | €35,709 | €25,317 | -€10,392 | -29.1% |
| Trade receivables | 40 | €31,243 | €25,317 | -€5,926 | -19.0% |
| Other amounts receivable | 41 | €4,466 | €0 | -€4,466 | -100% |
| Cash at bank and in hand | 54/58 | €42,276 | €158,909 | +€116,633 | +276% |
| Deferred charges and accrued income | 490/1 | €3,934 | €4,117 | +€183 | +4.6% |
| Total equity and liabilities | 10/49 | €95,762 | €196,166 | +€100,404 | +105% |
| Equity | 10/15 | €69,803 | €129,634 | +€59,831 | +85.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,803 | €126,634 | +€59,831 | +89.6% |
| Amounts payable | 17/49 | €25,958 | €66,532 | +€40,573 | +156% |
| Amounts payable within one year | 42/48 | €25,958 | €66,532 | +€40,573 | +156% |
| Trade debts | 44 | €2,462 | €21,047 | +€18,584 | +755% |
| Suppliers | 440/4 | €2,462 | €21,047 | +€18,584 | +755% |
| Taxes, remuneration and social security | 45 | €23,496 | €42,811 | +€19,315 | +82.2% |
| Taxes | 450/3 | €22,011 | €42,404 | +€20,393 | +92.6% |
| Remuneration and social security | 454/9 | €1,485 | €406 | -€1,078 | -72.6% |
| Other amounts payable | 47/48 | - | €2,674 | +€2,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €6,020 | +€637 | +11.8% |
| Other operating charges | 640/8 | €612 | €352 | -€261 | -42.6% |
| Gross operating margin | 9900 | €91,054 | €80,518 | -€10,536 | -11.6% |
| Operating profit (loss) | 9901 | €85,060 | €74,147 | -€10,912 | -12.8% |
| Financial income | 75/76B | €0 | €2,603 | +€2,603 | +26,030,500% |
| Recurring financial income | 75 | €0 | €2,603 | +€2,603 | +26,030,500% |
| Financial charges | 65/66B | €86 | €44 | -€42 | -48.7% |
| Recurring financial charges | 65 | €86 | €44 | -€42 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €84,974 | €76,706 | -€8,267 | -9.7% |
| Income taxes | 67/77 | €18,170 | €16,875 | -€1,295 | -7.1% |
| Profit (loss) for the period | 9904 | €66,803 | €59,831 | -€6,973 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,803 | €59,831 | -€6,973 | -10.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.