P'DRIEM: 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.
P'DRIEM
Largest movements
- Tangible fixed assets -€66,685
down €66,685 (-3.3%), from €2.0m to €2.0m
of which Land and buildings: -€65,229
- Debts after one year -€102,972
down €102,972 (-10.8%), from €953,877 to €850,906
- Profit (loss) carried forward +€63,116
up €63,116 (+11.8%), from €532,705 to €595,821
- Other debts -€42,660
down €42,660 (-8.9%), from €477,529 to €434,869
- Gross operating margin +€9,002
up €9,002 (+4.4%), from €206,920 to €215,921
- Other operating charges +€3,972
up €3,972 (+53.5%), from €7,425 to €11,398
- Financial charges -€3,268
down €3,268 (-6.3%), from €51,483 to €48,215
- Taxes +€2,533
up €2,533 (+10.6%), from €23,985 to €26,518
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,114,599 | €2,034,564 | -€80,035 | -3.8% |
| Fixed assets | 21/28 | €2,026,097 | €1,962,546 | -€63,551 | -3.1% |
| Tangible fixed assets | 22/27 | €2,021,070 | €1,954,385 | -€66,685 | -3.3% |
| Land and buildings | 22 | €2,017,413 | €1,952,184 | -€65,229 | -3.2% |
| Plant, machinery and equipment | 23 | €3,332 | €2,201 | -€1,130 | -33.9% |
| Furniture and vehicles | 24 | €326 | €0 | -€326 | -100% |
| Financial fixed assets | 28 | €5,028 | €8,161 | +€3,134 | +62.3% |
| Current assets | 29/58 | €88,502 | €72,018 | -€16,484 | -18.6% |
| Amounts receivable within one year | 40/41 | €36,371 | €35,815 | -€557 | -1.5% |
| Trade receivables | 40 | €36,359 | €35,815 | -€544 | -1.5% |
| Other amounts receivable | 41 | €13 | €0 | -€13 | -100% |
| Cash at bank and in hand | 54/58 | €48,978 | €32,883 | -€16,094 | -32.9% |
| Deferred charges and accrued income | 490/1 | €3,153 | €3,320 | +€167 | +5.3% |
| Total equity and liabilities | 10/49 | €2,114,599 | €2,034,564 | -€80,035 | -3.8% |
| Equity | 10/15 | €554,705 | €617,821 | +€63,116 | +11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,705 | €595,821 | +€63,116 | +11.8% |
| Amounts payable | 17/49 | €1,559,894 | €1,416,743 | -€143,151 | -9.2% |
| Amounts payable after more than one year | 17 | €953,877 | €850,906 | -€102,972 | -10.8% |
| Financial debts | 170/4 | €953,877 | €850,906 | -€102,972 | -10.8% |
| Amounts payable within one year | 42/48 | €606,017 | €565,838 | -€40,179 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €101,023 | €102,012 | +€989 | +1.0% |
| Trade debts | 44 | €1,431 | €1,954 | +€523 | +36.5% |
| Suppliers | 440/4 | €1,431 | €1,954 | +€523 | +36.5% |
| Taxes, remuneration and social security | 45 | €26,034 | €27,003 | +€970 | +3.7% |
| Taxes | 450/3 | €26,034 | €27,003 | +€970 | +3.7% |
| Other amounts payable | 47/48 | €477,529 | €434,869 | -€42,660 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,985 | €66,685 | -€300 | -0.4% |
| Other operating charges | 640/8 | €7,425 | €11,398 | +€3,972 | +53.5% |
| Gross operating margin | 9900 | €206,920 | €215,921 | +€9,002 | +4.4% |
| Operating profit (loss) | 9901 | €132,510 | €137,839 | +€5,329 | +4.0% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €51,483 | €48,215 | -€3,268 | -6.3% |
| Recurring financial charges | 65 | €51,483 | €48,215 | -€3,268 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €81,027 | €89,633 | +€8,607 | +10.6% |
| Income taxes | 67/77 | €23,985 | €26,518 | +€2,533 | +10.6% |
| Profit (loss) for the period | 9904 | €57,042 | €63,116 | +€6,074 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,042 | €63,116 | +€6,074 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.