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
- Receivables within one year +€67,303
up €67,303 (+1119.9%), from €6,010 to €73,313
of which Trade receivables: +€67,253
- Tangible fixed assets -€9,379
down €9,379 (-27.0%), from €34,765 to €25,386
- Cash +€9,165
up €9,165 (+19.0%), from €48,168 to €57,333
mainly Other debts (+€33,685) and Net result for the year (+€30,856)
- Other debts +€33,685
up €33,685 (+385.5%), from €8,739 to €42,424
- Reserves +€30,856
up €30,856 (+15.4%), from €200,332 to €231,188
- Debts after one year -€9,943
down €9,943 (-4.1%), from €239,972 to €230,029
- Gross operating margin +€30,697
up €30,697 (+96.6%), from €31,784 to €62,481
- Taxes +€9,841
up €9,841 (+149.0%), from €6,604 to €16,445
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 | €485,237 | €547,146 | +€61,909 | +12.8% |
| Fixed assets | 21/28 | €393,552 | €384,172 | -€9,379 | -2.4% |
| Tangible fixed assets | 22/27 | €34,765 | €25,386 | -€9,379 | -27.0% |
| Furniture and vehicles | 24 | €34,765 | €25,386 | -€9,379 | -27.0% |
| Financial fixed assets | 28 | €358,787 | €358,787 | = | 0.0% |
| Current assets | 29/58 | €91,685 | €162,973 | +€71,288 | +77.8% |
| Amounts receivable within one year | 40/41 | €6,010 | €73,313 | +€67,303 | +1119.9% |
| Trade receivables | 40 | €5,114 | €72,367 | +€67,253 | +1315.1% |
| Other amounts receivable | 41 | €896 | €946 | +€50 | +5.6% |
| Cash at bank and in hand | 54/58 | €48,168 | €57,333 | +€9,165 | +19.0% |
| Deferred charges and accrued income | 490/1 | €37,508 | €32,327 | -€5,181 | -13.8% |
| Total equity and liabilities | 10/49 | €485,237 | €547,146 | +€61,909 | +12.8% |
| Equity | 10/15 | €212,732 | €243,588 | +€30,856 | +14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €200,332 | €231,188 | +€30,856 | +15.4% |
| Distributable reserves | 133 | €200,332 | €231,188 | +€30,856 | +15.4% |
| Amounts payable | 17/49 | €272,506 | €303,558 | +€31,053 | +11.4% |
| Amounts payable after more than one year | 17 | €239,972 | €230,029 | -€9,943 | -4.1% |
| Financial debts | 170/4 | €239,972 | €230,029 | -€9,943 | -4.1% |
| Amounts payable within one year | 42/48 | €25,094 | €63,920 | +€38,826 | +154.7% |
| Current portion of amounts payable after more than one year | 42 | €9,512 | €9,943 | +€431 | +4.5% |
| Trade debts | 44 | €586 | €2,543 | +€1,957 | +333.9% |
| Suppliers | 440/4 | €586 | €2,543 | +€1,957 | +333.9% |
| Taxes, remuneration and social security | 45 | €6,257 | €9,010 | +€2,753 | +44.0% |
| Taxes | 450/3 | €6,257 | €9,010 | +€2,753 | +44.0% |
| Other amounts payable | 47/48 | €8,739 | €42,424 | +€33,685 | +385.5% |
| Accrued charges and deferred income | 492/3 | €7,439 | €9,609 | +€2,170 | +29.2% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,381 | €9,379 | -€2 | 0.0% |
| Other operating charges | 640/8 | €1,484 | €1,079 | -€405 | -27.3% |
| Gross operating margin | 9900 | €31,784 | €62,481 | +€30,697 | +96.6% |
| Operating profit (loss) | 9901 | €20,919 | €52,023 | +€31,104 | +148.7% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €4,993 | €4,722 | -€272 | -5.4% |
| Recurring financial charges | 65 | €4,993 | €4,722 | -€272 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €15,933 | €47,301 | +€31,367 | +196.9% |
| Income taxes | 67/77 | €6,604 | €16,445 | +€9,841 | +149.0% |
| Profit (loss) for the period | 9904 | €9,329 | €30,856 | +€21,527 | +230.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,329 | €30,856 | +€21,527 | +230.7% |
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 8 October 2026 via checked.be.