P.D.R. DEVELOPMENTS: 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.R. DEVELOPMENTS
Largest movements
- Receivables within one year -€12,216
down €12,216 (-36.6%), from €33,421 to €21,205
of which Trade receivables: -€10,591
- Cash -€6,648
down €6,648 (-34.8%), from €19,085 to €12,437
mainly Other debts (-€10,833) and Net result for the year (-€9,637)
- Tangible fixed assets +€2,928
up €2,928 (+32.0%), from €9,149 to €12,077
of which Furniture and vehicles: +€3,178
- Deferred charges and accrued income +€1,364
up €1,364 (+15.8%), from €8,663 to €10,027
- Other debts -€10,833
down €10,833 (-47.3%), from €22,894 to €12,060
- Profit (loss) carried forward -€9,637
down €9,637 (-23.6%), from -€40,802 to -€50,439
- Trade debts +€6,665
up €6,665 (+5289.8%), from €126 to €6,791
- Tax, wage and social debts -€766
down €766 (-42.7%), from €1,796 to €1,029
- Gross operating margin +€2,526
up €2,526 (+28.6%), from -€8,819 to -€6,293
- Depreciation -€1,517
down €1,517 (-33.6%), from €4,514 to €2,997
- Financial income -€817
down €817 (-63.3%), from €1,291 to €474
- Financial charges -€361
down €361 (-65.5%), from €552 to €191
- Other operating charges -€202
down €202 (-24.3%), from €833 to €630
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 | €70,328 | €55,756 | -€14,571 | -20.7% |
| Fixed assets | 21/28 | €9,159 | €12,087 | +€2,928 | +32.0% |
| Tangible fixed assets | 22/27 | €9,149 | €12,077 | +€2,928 | +32.0% |
| Plant, machinery and equipment | 23 | €524 | €274 | -€250 | -47.7% |
| Furniture and vehicles | 24 | €8,625 | €11,803 | +€3,178 | +36.8% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €61,169 | €43,669 | -€17,499 | -28.6% |
| Amounts receivable within one year | 40/41 | €33,421 | €21,205 | -€12,216 | -36.6% |
| Trade receivables | 40 | €25,096 | €14,505 | -€10,591 | -42.2% |
| Other amounts receivable | 41 | €8,325 | €6,700 | -€1,625 | -19.5% |
| Cash at bank and in hand | 54/58 | €19,085 | €12,437 | -€6,648 | -34.8% |
| Deferred charges and accrued income | 490/1 | €8,663 | €10,027 | +€1,364 | +15.8% |
| Total equity and liabilities | 10/49 | €70,328 | €55,756 | -€14,571 | -20.7% |
| Equity | 10/15 | €45,512 | €35,875 | -€9,637 | -21.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €67,765 | €67,765 | = | 0.0% |
| Tax-exempt reserves | 132 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €67,597 | €67,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,802 | -€50,439 | -€9,637 | -23.6% |
| Amounts payable | 17/49 | €24,815 | €19,881 | -€4,935 | -19.9% |
| Amounts payable within one year | 42/48 | €24,815 | €19,881 | -€4,935 | -19.9% |
| Trade debts | 44 | €126 | €6,791 | +€6,665 | +5289.8% |
| Suppliers | 440/4 | €126 | €6,791 | +€6,665 | +5289.8% |
| Taxes, remuneration and social security | 45 | €1,796 | €1,029 | -€766 | -42.7% |
| Taxes | 450/3 | €1,796 | €1,029 | -€766 | -42.7% |
| Other amounts payable | 47/48 | €22,894 | €12,060 | -€10,833 | -47.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,514 | €2,997 | -€1,517 | -33.6% |
| Other operating charges | 640/8 | €833 | €630 | -€202 | -24.3% |
| Gross operating margin | 9900 | -€8,819 | -€6,293 | +€2,526 | +28.6% |
| Operating profit (loss) | 9901 | -€14,166 | -€9,921 | +€4,245 | +30.0% |
| Financial income | 75/76B | €1,291 | €474 | -€817 | -63.3% |
| Recurring financial income | 75 | €1,291 | €474 | -€817 | -63.3% |
| Financial charges | 65/66B | €552 | €191 | -€361 | -65.5% |
| Recurring financial charges | 65 | €552 | €191 | -€361 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,426 | -€9,637 | +€3,789 | +28.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,426 | -€9,637 | +€3,789 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,426 | -€9,637 | +€3,789 | +28.2% |
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 30 September 2026 via checked.be.