Le PDJ: 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.
Le PDJ
Largest movements
- Cash +€32,478
up €32,478 (+319.3%), from €10,172 to €42,650
mainly Net result for the year (+€31,333) and Current investments (+€30,000)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€29,641
up €29,641 (+53.2%), from €55,750 to €85,391
- Tangible fixed assets -€2,762
down €2,762 (-28.3%), from €9,773 to €7,012
of which Furniture and vehicles: -€2,102
- Reserves +€31,333
up €31,333 (+40.7%), from €77,031 to €108,364
- Gross operating margin +€4,636
up €4,636 (+10.7%), from €43,300 to €47,936
- Taxes +€1,780
up €1,780 (+17.8%), from €9,999 to €11,779
- Depreciation +€1,064
up €1,064 (+62.6%), from €1,698 to €2,762
- Other operating charges +€912
up €912 (+182.0%), from €501 to €1,413
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
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 | €106,279 | €135,886 | +€29,607 | +27.9% |
| Fixed assets | 21/28 | €9,773 | €7,012 | -€2,762 | -28.3% |
| Tangible fixed assets | 22/27 | €9,773 | €7,012 | -€2,762 | -28.3% |
| Plant, machinery and equipment | 23 | €1,313 | €653 | -€660 | -50.3% |
| Furniture and vehicles | 24 | €8,460 | €6,358 | -€2,102 | -24.8% |
| Current assets | 29/58 | €96,505 | €128,874 | +€32,369 | +33.5% |
| Amounts receivable within one year | 40/41 | €55,750 | €85,391 | +€29,641 | +53.2% |
| Other amounts receivable | 41 | €55,750 | €85,391 | +€29,641 | +53.2% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €10,172 | €42,650 | +€32,478 | +319.3% |
| Deferred charges and accrued income | 490/1 | €583 | €833 | +€250 | +42.9% |
| Total equity and liabilities | 10/49 | €106,279 | €135,886 | +€29,607 | +27.9% |
| Equity | 10/15 | €77,151 | €108,484 | +€31,333 | +40.6% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €77,031 | €108,364 | +€31,333 | +40.7% |
| Distributable reserves | 133 | €77,031 | €108,364 | +€31,333 | +40.7% |
| Amounts payable | 17/49 | €29,128 | €27,402 | -€1,726 | -5.9% |
| Amounts payable within one year | 42/48 | €29,128 | €27,402 | -€1,726 | -5.9% |
| Trade debts | 44 | €1,118 | €1,074 | -€44 | -3.9% |
| Suppliers | 440/4 | €1,118 | €1,074 | -€44 | -3.9% |
| Taxes, remuneration and social security | 45 | €27,151 | €26,328 | -€823 | -3.0% |
| Taxes | 450/3 | €27,151 | €26,328 | -€823 | -3.0% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,698 | €2,762 | +€1,064 | +62.6% |
| Other operating charges | 640/8 | €501 | €1,413 | +€912 | +182.0% |
| Gross operating margin | 9900 | €43,300 | €47,936 | +€4,636 | +10.7% |
| Operating profit (loss) | 9901 | €41,101 | €43,761 | +€2,660 | +6.5% |
| Financial income | 75/76B | €112 | €49 | -€63 | -56.3% |
| Recurring financial income | 75 | €112 | €49 | -€63 | -56.3% |
| Financial charges | 65/66B | €910 | €698 | -€212 | -23.3% |
| Recurring financial charges | 65 | €910 | €698 | -€212 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €40,303 | €43,112 | +€2,809 | +7.0% |
| Income taxes | 67/77 | €9,999 | €11,779 | +€1,780 | +17.8% |
| Profit (loss) for the period | 9904 | €30,304 | €31,333 | +€1,030 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,304 | €31,333 | +€1,030 | +3.4% |
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 12 October 2026 via checked.be.