P.D.G. & C°: 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.
What changed
P.D.G. & C°
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€747,706
2024 · -€1.1m+€401,604
Equity
€10.2m
2024 · €11.0m-€747,721
Cash
€327,251
2024 · €619,053-€291,802
Balance sheet total
€12.7m
2024 · €13.7m-€990,423
Largest movements
Assets
- Tangible fixed assets -€577,167
down €577,167 (-4.6%), from €12.6m to €12.1m
of which Land and buildings: -€596,090
- Cash -€291,802
down €291,802 (-47.1%), from €619,053 to €327,251
mainly Net result for the year (-€747,706) and Current portion of long-term debt (-€300,995)
- Receivables within one year -€167,914
down €167,914 (-47.9%), from €350,532 to €182,619
of which Other amounts receivable: -€153,663
Equity and liabilities
- Profit (loss) carried forward -€747,721
down €747,721 (-11.3%), from -€6.6m to -€7.4m
- Revaluation surpluses -€569,857
down €569,857 (-6.2%), from €9.2m to €8.7m
- Reserves +€569,857
up €569,857 (+9.8%), from €5.8m to €6.4m
- Current portion of long-term debt -€300,995
down €300,995 (-67.4%), from €446,724 to €145,729
Income statement
- Staff costs -€323,362
down €323,362 (-18.3%), from €1.8m to €1.4m
- Turnover +€296,922
up €296,922 (+6.9%), from €4.3m to €4.6m
- Services and other goods +€140,195
up €140,195 (+6.3%), from €2.2m to €2.4m
- Goods and materials -€70,934
down €70,934 (-17.4%), from €407,443 to €336,509
of which Purchases: -€89,987
- Financial charges +€60,726
up €60,726 (+32.4%), from €187,595 to €248,321
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.
Result 2024
-€1.1m
Turnover
+€296,922
Other operating income
-€51,225
Goods and materials
+€70,934
Services and other goods
-€140,195
Staff costs
+€323,362
Depreciation
-€14,344
Other operating charges
-€9,387
Other operating items
+€5,784
Financial income
-€19,572
Financial charges
-€60,726
Taxes
+€52
Result 2025
-€747,706
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€115,440
Investment
-€212,485
Financing
-€194,758
Cash 2024
€619,053
From operations (derived)
+€115,440
Net result for the year
-€747,706
Depreciation
+€713,646
Stocks and contracts
+€13,688
Receivables within one year
+€167,914
Deferred charges and accrued income
+€15,857
Trade debts
-€107,882
Tax, wage and social debts
-€71,011
Advances received
+€9,233
Other debts
+€115,500
Accrued charges and deferred income
+€6,201
Investment (derived)
-€212,485
Investment in fixed assets (net)
-€136,930
Current investments
-€75,554
Financing
-€194,758
Debts after one year
+€86,116
Current portion of long-term debt
-€300,995
Short-term financial debts
+€20,136
Contributions, distributions and other
-€15
Cash 2025
€327,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,700,244 | €12,709,821 | -€990,423 | -7.2% |
| Fixed assets | 21/28 | €12,649,178 | €12,072,462 | -€576,716 | -4.6% |
| Tangible fixed assets | 22/27 | €12,641,263 | €12,064,097 | -€577,167 | -4.6% |
| Land and buildings | 22 | €12,469,347 | €11,873,257 | -€596,090 | -4.8% |
| Plant, machinery and equipment | 23 | €115,665 | €161,622 | +€45,957 | +39.7% |
| Furniture and vehicles | 24 | €56,252 | €29,218 | -€27,034 | -48.1% |
| Financial fixed assets | 28 | €7,914 | €8,365 | +€451 | +5.7% |
| Other financial fixed assets | 284/8 | €7,914 | €8,365 | +€451 | +5.7% |
| Amounts receivable and cash guarantees | 285/8 | €7,914 | €8,365 | +€451 | +5.7% |
| Current assets | 29/58 | €1,051,066 | €637,359 | -€413,707 | -39.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €51,428 | €37,740 | -€13,688 | -26.6% |
| Stocks | 30/36 | €51,428 | €37,740 | -€13,688 | -26.6% |
| Goods purchased for resale | 34 | €51,428 | €37,740 | -€13,688 | -26.6% |
| Amounts receivable within one year | 40/41 | €350,532 | €182,619 | -€167,914 | -47.9% |
| Trade receivables | 40 | €191,170 | €176,919 | -€14,251 | -7.5% |
| Other amounts receivable | 41 | €159,363 | €5,700 | -€153,663 | -96.4% |
| Current investments | 50/53 | - | €75,554 | +€75,554 | |
| Other investments | 51/53 | - | €75,554 | +€75,554 | |
| Cash at bank and in hand | 54/58 | €619,053 | €327,251 | -€291,802 | -47.1% |
| Deferred charges and accrued income | 490/1 | €30,053 | €14,196 | -€15,857 | -52.8% |
| Total equity and liabilities | 10/49 | €13,700,244 | €12,709,821 | -€990,423 | -7.2% |
| Equity | 10/15 | €10,960,100 | €10,212,379 | -€747,721 | -6.8% |
| Contributions | 10/11 | €2,526,774 | €2,526,774 | = | 0.0% |
| Capital | 10 | €2,526,774 | €2,526,774 | = | 0.0% |
| Issued capital | 100 | €2,526,774 | €2,526,774 | = | 0.0% |
| Revaluation surpluses | 12 | €9,234,756 | €8,664,899 | -€569,857 | -6.2% |
| Reserves | 13 | €5,842,204 | €6,412,061 | +€569,857 | +9.8% |
| Distributable reserves | 133 | €5,842,204 | €6,412,061 | +€569,857 | +9.8% |
| Profit (loss) carried forward | 14 | -€6,643,635 | -€7,391,355 | -€747,721 | -11.3% |
| Amounts payable | 17/49 | €2,740,144 | €2,497,442 | -€242,702 | -8.9% |
| Amounts payable after more than one year | 17 | €1,268,489 | €1,354,605 | +€86,116 | +6.8% |
| Financial debts | 170/4 | €1,268,489 | €1,354,605 | +€86,116 | +6.8% |
| Credit institutions | 173 | €1,268,489 | €1,354,605 | +€86,116 | +6.8% |
| Amounts payable within one year | 42/48 | €1,469,257 | €1,134,238 | -€335,019 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €446,724 | €145,729 | -€300,995 | -67.4% |
| Financial debts | 43 | €44,907 | €65,043 | +€20,136 | +44.8% |
| Credit institutions | 430/8 | €44,907 | €65,043 | +€20,136 | +44.8% |
| Trade debts | 44 | €450,519 | €342,637 | -€107,882 | -23.9% |
| Suppliers | 440/4 | €450,519 | €342,637 | -€107,882 | -23.9% |
| Advances received on contracts in progress | 46 | €18,134 | €27,367 | +€9,233 | +50.9% |
| Taxes, remuneration and social security | 45 | €508,974 | €437,962 | -€71,011 | -14.0% |
| Taxes | 450/3 | €165,630 | €31,752 | -€133,877 | -80.8% |
| Remuneration and social security | 454/9 | €343,344 | €406,210 | +€62,866 | +18.3% |
| Other amounts payable | 47/48 | €0 | €115,500 | +€115,500 | |
| Accrued charges and deferred income | 492/3 | €2,398 | €8,599 | +€6,201 | +259% |
| Operating income | 70/76A | €4,386,685 | €4,638,405 | +€251,721 | +5.7% |
| Turnover | 70 | €4,310,205 | €4,607,127 | +€296,922 | +6.9% |
| Other operating income | 74 | €76,479 | €25,254 | -€51,225 | -67.0% |
| Non-recurring operating income | 76A | €0 | €6,024 | +€6,024 | |
| Operating charges | 60/66A | €5,368,314 | €5,138,184 | -€230,129 | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €407,443 | €336,509 | -€70,934 | -17.4% |
| Purchases | 600/8 | €412,808 | €322,821 | -€89,987 | -21.8% |
| Change in stocks: decrease (increase) | 609 | -€5,366 | €13,688 | +€19,054 | |
| Services and other goods | 61 | €2,225,766 | €2,365,961 | +€140,195 | +6.3% |
| Remuneration, social security and pensions | 62 | €1,763,110 | €1,439,748 | -€323,362 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699,302 | €713,646 | +€14,344 | +2.1% |
| Other operating charges | 640/8 | €272,656 | €282,043 | +€9,387 | +3.4% |
| Non-recurring operating charges | 66A | €37 | €277 | +€240 | +648% |
| Operating profit (loss) | 9901 | -€981,629 | -€499,779 | +€481,850 | +49.1% |
| Financial income | 75/76B | €19,967 | €395 | -€19,572 | -98.0% |
| Recurring financial income | 75 | €19,967 | €395 | -€19,572 | -98.0% |
| Income from current assets | 751 | €10,555 | €395 | -€10,160 | -96.3% |
| Other financial income | 752/9 | €9,412 | - | -€9,412 | |
| Financial charges | 65/66B | €187,595 | €248,321 | +€60,726 | +32.4% |
| Recurring financial charges | 65 | €187,595 | €248,321 | +€60,726 | +32.4% |
| Debt charges | 650 | €101,029 | €246,990 | +€145,962 | +144% |
| Other financial charges | 652/9 | €86,566 | €1,331 | -€85,235 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,149,257 | -€747,706 | +€401,551 | +34.9% |
| Income taxes | 67/77 | €52 | - | -€52 | |
| Taxes | 670/3 | €52 | - | -€52 | |
| Profit (loss) for the period | 9904 | -€1,149,310 | -€747,706 | +€401,604 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,149,310 | -€747,706 | +€401,604 | +34.9% |
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 1 November 2026 via checked.be.