P.D.C.: what changed
P.D.C.
Largest movements
- Receivables within one year +€30,562
up €30,562 (+288%), from €10,616 to €41,178
of which Other amounts receivable: +€29,794
- Stocks and contracts -€7,024
down €7,024 (-14.3%), from €49,172 to €42,148
- Cash -€3,757
down €3,757 (-93.5%), from €4,020 to €263
mainly Receivables within one year (-€30,562) and Investment in fixed assets (net) (-€5,285)
- Tangible fixed assets -€3,178
down €3,178 (-11.3%), from €28,226 to €25,048
of which Furniture and vehicles: -€5,237
- Other debts +€14,020
up €14,020 (+39.6%), from €35,417 to €49,437
- Profit (loss) carried forward +€6,871
up €6,871 (+44.6%), from -€15,423 to -€8,552
- Trade debts -€2,695
down €2,695 (-67.3%), from €4,003 to €1,308
- Tax, wage and social debts -€2,599
down €2,599 (-60.8%), from €4,276 to €1,678
of which Remuneration and social security: -€1,507
- Gross operating margin -€7,260
down €7,260 (-29.5%), from €24,571 to €17,311
- Other operating charges +€777
up €777 (+120%), from €646 to €1,423
- Depreciation +€620
up €620 (+7.9%), from €7,843 to €8,463
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 | €94,586 | €110,183 | +€15,598 | +16.5% |
| Fixed assets | 21/28 | €29,773 | €26,595 | -€3,178 | -10.7% |
| Tangible fixed assets | 22/27 | €28,226 | €25,048 | -€3,178 | -11.3% |
| Plant, machinery and equipment | 23 | €1,224 | €3,283 | +€2,059 | +168% |
| Furniture and vehicles | 24 | €27,002 | €21,765 | -€5,237 | -19.4% |
| Financial fixed assets | 28 | €1,546 | €1,546 | = | 0.0% |
| Current assets | 29/58 | €64,813 | €83,589 | +€18,776 | +29.0% |
| Stocks and contracts in progress | 3 | €49,172 | €42,148 | -€7,024 | -14.3% |
| Stocks | 30/36 | €49,172 | €42,148 | -€7,024 | -14.3% |
| Amounts receivable within one year | 40/41 | €10,616 | €41,178 | +€30,562 | +288% |
| Trade receivables | 40 | €8,701 | €9,469 | +€768 | +8.8% |
| Other amounts receivable | 41 | €1,915 | €31,709 | +€29,794 | +1,556% |
| Cash at bank and in hand | 54/58 | €4,020 | €263 | -€3,757 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,005 | - | -€1,005 | |
| Total equity and liabilities | 10/49 | €94,586 | €110,183 | +€15,598 | +16.5% |
| Equity | 10/15 | €50,890 | €57,761 | +€6,871 | +13.5% |
| Reserves | 13 | €66,312 | €66,312 | = | 0.0% |
| Distributable reserves | 133 | €66,312 | €66,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,423 | -€8,552 | +€6,871 | +44.6% |
| Amounts payable | 17/49 | €43,696 | €52,423 | +€8,727 | +20.0% |
| Amounts payable within one year | 42/48 | €43,696 | €52,423 | +€8,727 | +20.0% |
| Trade debts | 44 | €4,003 | €1,308 | -€2,695 | -67.3% |
| Suppliers | 440/4 | €4,003 | €1,308 | -€2,695 | -67.3% |
| Taxes, remuneration and social security | 45 | €4,276 | €1,678 | -€2,599 | -60.8% |
| Taxes | 450/3 | €2,770 | €1,678 | -€1,092 | -39.4% |
| Remuneration and social security | 454/9 | €1,507 | - | -€1,507 | |
| Other amounts payable | 47/48 | €35,417 | €49,437 | +€14,020 | +39.6% |
| Non-recurring operating income | 76A | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €8,463 | +€620 | +7.9% |
| Other operating charges | 640/8 | €646 | €1,423 | +€777 | +120% |
| Gross operating margin | 9900 | €24,571 | €17,311 | -€7,260 | -29.5% |
| Operating profit (loss) | 9901 | €16,082 | €7,425 | -€8,657 | -53.8% |
| Financial income | 75/76B | €2 | €75 | +€74 | +4,659% |
| Recurring financial income | 75 | €2 | €75 | +€74 | +4,659% |
| Financial charges | 65/66B | €336 | €204 | -€132 | -39.4% |
| Recurring financial charges | 65 | €336 | €204 | -€132 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €15,747 | €7,296 | -€8,451 | -53.7% |
| Income taxes | 67/77 | €186 | €425 | +€239 | +129% |
| Profit (loss) for the period | 9904 | €15,561 | €6,871 | -€8,690 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,561 | €6,871 | -€8,690 | -55.8% |
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 5 November 2026 via checked.be.