P.D.S.: 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.S.
NACE 47.279, Other retail sale of food
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€371,334
2024 · -€434,366+€805,700
Equity
€6.1m
2024 · €5.8m+€371,334
Cash
€261,792
2024 · €132,692+€129,100
Balance sheet total
€16.4m
2024 · €16.4m-€10,398
Largest movements
Assets
- Tangible fixed assets -€1.3m
down €1.3m (-23.4%), from €5.5m to €4.2m
of which Land and buildings: -€1.0m
- Current investments +€900,000
up €900,000 (+12180.3%), from €7,389 to €907,389
- Receivables within one year +€258,547
up €258,547 (+23.8%), from €1.1m to €1.3m
of which Trade receivables: +€235,951
Equity and liabilities
- Accrued charges and deferred income -€1.4m
down €1.4m (-96.0%), from €1.5m to €60,053
- Debts after one year +€1.2m
up €1.2m (+36.6%), from €3.3m to €4.5m
- Profit (loss) carried forward +€352,767
up €352,767, from -€132,950 to €219,817
Income statement
- Gross operating margin +€819,895
up €819,895 (+213.2%), from €384,636 to €1.2m
- Write-downs +€46,995
up €46,995, from -€16,745 to €30,250
- Depreciation -€44,632
down €44,632 (-8.9%), from €503,522 to €458,890
- Financial income -€18,674
down €18,674 (-43.8%), from €42,650 to €23,975
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
-€434,366
Gross operating margin
+€819,895
Depreciation
+€44,632
Write-downs
-€46,995
Other operating charges
-€1,234
Financial income
-€18,674
Financial charges
+€8,160
Taxes
-€84
Result 2025
€371,334
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.
From operations
-€1.0m
Investment
-€70,532
Financing
+€1.2m
Cash 2024
€132,692
From operations (derived)
-€1.0m
Net result for the year
+€371,334
Depreciation
+€458,890
Receivables within one year
-€258,547
Deferred charges and accrued income
+€9,688
Trade debts
-€72,498
Tax, wage and social debts
+€10,062
Other debts
-€117,663
Accrued charges and deferred income
-€1.4m
Investment (derived)
-€70,532
Investment in fixed assets (net)
+€829,468
Current investments
-€900,000
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
+€2,839
Cash 2025
€261,792
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,379,128 | €16,368,729 | -€10,398 | -0.1% |
| Fixed assets | 21/28 | €15,126,636 | €13,838,278 | -€1.3m | -8.5% |
| Tangible fixed assets | 22/27 | €5,514,938 | €4,226,581 | -€1.3m | -23.4% |
| Land and buildings | 22 | €4,884,286 | €3,881,950 | -€1.0m | -20.5% |
| Plant, machinery and equipment | 23 | €499,311 | €256,083 | -€243,228 | -48.7% |
| Furniture and vehicles | 24 | €127,767 | €86,761 | -€41,006 | -32.1% |
| Leasing and similar rights | 25 | €3,575 | €1,788 | -€1,787 | -50.0% |
| Financial fixed assets | 28 | €9,611,698 | €9,611,698 | = | 0.0% |
| Current assets | 29/58 | €1,252,492 | €2,530,451 | +€1.3m | +102.0% |
| Amounts receivable within one year | 40/41 | €1,085,550 | €1,344,097 | +€258,547 | +23.8% |
| Trade receivables | 40 | €216,719 | €452,669 | +€235,951 | +108.9% |
| Other amounts receivable | 41 | €868,831 | €891,427 | +€22,596 | +2.6% |
| Current investments | 50/53 | €7,389 | €907,389 | +€900,000 | +12180.3% |
| Cash at bank and in hand | 54/58 | €132,692 | €261,792 | +€129,100 | +97.3% |
| Deferred charges and accrued income | 490/1 | €26,862 | €17,174 | -€9,688 | -36.1% |
| Total equity and liabilities | 10/49 | €16,379,128 | €16,368,729 | -€10,398 | -0.1% |
| Equity | 10/15 | €5,772,836 | €6,144,170 | +€371,334 | +6.4% |
| Contributions | 10/11 | €5,635,486 | €5,635,486 | = | 0.0% |
| Capital | 10 | €5,635,486 | €5,635,486 | = | 0.0% |
| Issued capital | 100 | €5,635,486 | €5,635,486 | = | 0.0% |
| Reserves | 13 | €270,300 | €288,866 | +€18,567 | +6.9% |
| Non-distributable reserves | 130/1 | €150,272 | €168,839 | +€18,567 | +12.4% |
| Legal reserve | 130 | €150,272 | €168,839 | +€18,567 | +12.4% |
| Distributable reserves | 133 | €120,028 | €120,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,950 | €219,817 | +€352,767 | |
| Amounts payable | 17/49 | €10,606,292 | €10,224,560 | -€381,732 | -3.6% |
| Amounts payable after more than one year | 17 | €3,326,772 | €4,545,527 | +€1.2m | +36.6% |
| Financial debts | 170/4 | €3,326,772 | €4,545,527 | +€1.2m | +36.6% |
| Amounts payable within one year | 42/48 | €5,796,239 | €5,618,979 | -€177,259 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €97,560 | €100,400 | +€2,839 | +2.9% |
| Trade debts | 44 | €80,041 | €7,543 | -€72,498 | -90.6% |
| Suppliers | 440/4 | €80,041 | €7,543 | -€72,498 | -90.6% |
| Taxes, remuneration and social security | 45 | €18,872 | €28,934 | +€10,062 | +53.3% |
| Taxes | 450/3 | €18,872 | €28,934 | +€10,062 | +53.3% |
| Other amounts payable | 47/48 | €5,599,765 | €5,482,102 | -€117,663 | -2.1% |
| Accrued charges and deferred income | 492/3 | €1,483,281 | €60,053 | -€1.4m | -96.0% |
| Non-recurring operating income | 76A | - | €769,879 | +€769,879 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,522 | €458,890 | -€44,632 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,745 | €30,250 | +€46,995 | |
| Other operating charges | 640/8 | €36,905 | €38,139 | +€1,234 | +3.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €384,636 | €1,204,532 | +€819,895 | +213.2% |
| Operating profit (loss) | 9901 | -€139,045 | €677,253 | +€816,298 | |
| Financial income | 75/76B | €42,650 | €23,975 | -€18,674 | -43.8% |
| Recurring financial income | 75 | €42,650 | €23,975 | -€18,674 | -43.8% |
| Financial charges | 65/66B | €336,994 | €328,834 | -€8,160 | -2.4% |
| Recurring financial charges | 65 | €336,994 | €328,834 | -€8,160 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€433,390 | €372,394 | +€805,784 | |
| Income taxes | 67/77 | €976 | €1,061 | +€84 | +8.6% |
| Profit (loss) for the period | 9904 | -€434,366 | €371,334 | +€805,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€434,366 | €371,334 | +€805,700 |
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 12 October 2026 via checked.be.