P.D.C.: what changed
Two fiscal 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.
P.D.C.
Largest movements
- Tangible fixed assets -€4,019
down €4,019 (-6.1%), from €66,042 to €62,023
of which Land and buildings: -€7,621
- Cash +€899
up €899 (+2114.2%), from €43 to €941
mainly Depreciation (+€6,020) and Net result for the year (+€2,837)
- Stocks and contracts -€861
down €861 (-12.3%), from €6,982 to €6,121
- Short-term financial debts -€4,877
down €4,877 (-100.0%), from €4,877 to €0
- Profit (loss) carried forward +€2,837
up €2,837 (+15.0%), from -€18,905 to -€16,069
- Other debts -€1,248
down €1,248 (-2.0%), from €63,766 to €62,518
- Trade debts -€961
down €961 (-49.4%), from €1,946 to €985
- Depreciation -€3,281
down €3,281 (-35.3%), from €9,302 to €6,020
- Financial charges -€2,714
down €2,714 (-80.9%), from €3,353 to €639
- Other operating charges -€1,271
down €1,271 (-50.6%), from €2,512 to €1,240
- Gross operating margin -€1,204
down €1,204 (-10.1%), from €11,941 to €10,737
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 | €73,383 | €69,267 | -€4,117 | -5.6% |
| Fixed assets | 21/28 | €66,042 | €62,023 | -€4,019 | -6.1% |
| Tangible fixed assets | 22/27 | €66,042 | €62,023 | -€4,019 | -6.1% |
| Land and buildings | 22 | €60,637 | €53,016 | -€7,621 | -12.6% |
| Plant, machinery and equipment | 23 | €964 | €851 | -€113 | -11.8% |
| Furniture and vehicles | 24 | €2,132 | €6,681 | +€4,549 | +213.3% |
| Other tangible fixed assets | 26 | €2,308 | €1,475 | -€833 | -36.1% |
| Current assets | 29/58 | €7,341 | €7,244 | -€98 | -1.3% |
| Stocks and contracts in progress | 3 | €6,982 | €6,121 | -€861 | -12.3% |
| Stocks | 30/36 | €6,982 | €6,121 | -€861 | -12.3% |
| Cash at bank and in hand | 54/58 | €43 | €941 | +€899 | +2114.2% |
| Deferred charges and accrued income | 490/1 | €317 | €182 | -€135 | -42.6% |
| Total equity and liabilities | 10/49 | €73,383 | €69,267 | -€4,117 | -5.6% |
| Equity | 10/15 | -€305 | €2,531 | +€2,837 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€18,905 | -€16,069 | +€2,837 | +15.0% |
| Amounts payable | 17/49 | €73,689 | €66,735 | -€6,953 | -9.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,689 | €66,735 | -€6,953 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,877 | €0 | -€4,877 | -100.0% |
| Credit institutions | 430/8 | €4,877 | €0 | -€4,877 | -100.0% |
| Trade debts | 44 | €1,946 | €985 | -€961 | -49.4% |
| Suppliers | 440/4 | €1,946 | €985 | -€961 | -49.4% |
| Taxes, remuneration and social security | 45 | €3,100 | €3,233 | +€133 | +4.3% |
| Taxes | 450/3 | €3,100 | €3,233 | +€133 | +4.3% |
| Other amounts payable | 47/48 | €63,766 | €62,518 | -€1,248 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,302 | €6,020 | -€3,281 | -35.3% |
| Other operating charges | 640/8 | €2,512 | €1,240 | -€1,271 | -50.6% |
| Gross operating margin | 9900 | €11,941 | €10,737 | -€1,204 | -10.1% |
| Operating profit (loss) | 9901 | €127 | €3,476 | +€3,349 | +2629.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,353 | €639 | -€2,714 | -80.9% |
| Recurring financial charges | 65 | €3,353 | €639 | -€2,714 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,226 | €2,837 | +€6,063 | |
| Profit (loss) for the period | 9904 | -€3,226 | €2,837 | +€6,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,226 | €2,837 | +€6,063 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.