PD & 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.
PD & C
Largest movements
- Cash +€20,211
up €20,211 (+49.7%), from €40,656 to €60,867
mainly Receivables within one year (+€15,980) and Net result for the year (+€11,668)
- Receivables within one year -€15,980
down €15,980 (-32.0%), from €49,863 to €33,883
of which Other amounts receivable: -€13,825
- Tangible fixed assets -€2,520
down €2,520 (-32.1%), from €7,840 to €5,320
- Reserves -€9,855
down €9,855 (-6.9%), from €143,674 to €133,818
of which Distributable reserves: -€9,855
- Tax, wage and social debts +€8,479
up €8,479, from €0 to €8,479
- Other debts +€3,087
up €3,087 (+48.4%), from €6,373 to €9,460
- Gross operating margin +€21,778
up €21,778 (+530%), from €4,108 to €25,886
- Taxes +€5,512
up €5,512 (+1,292%), from €427 to €5,939
- Financial charges +€301
up €301 (+6.4%), from €4,700 to €5,001
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 | €170,572 | €172,291 | +€1,719 | +1.0% |
| Fixed assets | 21/28 | €7,840 | €5,320 | -€2,520 | -32.1% |
| Tangible fixed assets | 22/27 | €7,840 | €5,320 | -€2,520 | -32.1% |
| Land and buildings | 22 | €7,840 | €5,320 | -€2,520 | -32.1% |
| Current assets | 29/58 | €162,732 | €166,971 | +€4,239 | +2.6% |
| Amounts receivable within one year | 40/41 | €49,863 | €33,883 | -€15,980 | -32.0% |
| Trade receivables | 40 | €29,465 | €27,310 | -€2,156 | -7.3% |
| Other amounts receivable | 41 | €20,398 | €6,573 | -€13,825 | -67.8% |
| Current investments | 50/53 | €70,822 | €70,822 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,656 | €60,867 | +€20,211 | +49.7% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,399 | +€8 | +0.6% |
| Total equity and liabilities | 10/49 | €170,572 | €172,291 | +€1,719 | +1.0% |
| Equity | 10/15 | €162,274 | €152,418 | -€9,855 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,674 | €133,818 | -€9,855 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €141,814 | €131,958 | -€9,855 | -6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,298 | €19,872 | +€11,574 | +139% |
| Amounts payable within one year | 42/48 | €8,298 | €19,872 | +€11,574 | +139% |
| Trade debts | 44 | €1,926 | €1,933 | +€7 | +0.4% |
| Suppliers | 440/4 | €1,926 | €1,933 | +€7 | +0.4% |
| Taxes, remuneration and social security | 45 | €0 | €8,479 | +€8,479 | |
| Taxes | 450/3 | €0 | €8,479 | +€8,479 | |
| Other amounts payable | 47/48 | €6,373 | €9,460 | +€3,087 | +48.4% |
| Non-recurring operating income | 76A | €6,122 | €0 | -€6,122 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,520 | €2,520 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €759 | +€196 | +34.8% |
| Gross operating margin | 9900 | €4,108 | €25,886 | +€21,778 | +530% |
| Operating profit (loss) | 9901 | €1,025 | €22,607 | +€21,582 | +2,105% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,700 | €5,001 | +€301 | +6.4% |
| Recurring financial charges | 65 | €4,700 | €5,001 | +€301 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,675 | €17,607 | +€21,281 | |
| Income taxes | 67/77 | €427 | €5,939 | +€5,512 | +1,292% |
| Profit (loss) for the period | 9904 | -€4,101 | €11,668 | +€15,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,101 | €11,668 | +€15,769 |
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 14 October 2026 via checked.be.