PD HOLDINGS: 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 HOLDINGS
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+566%), from €352,765 to €2.4m
of which Other amounts receivable: +€2.0m
- Financial fixed assets +€350,728
up €350,728 (+6.1%), from €5.7m to €6.1m
- Reserves +€2.0m
new in 2025: €2.0m
- Other debts +€348,761
up €348,761 (+5.8%), from €6.1m to €6.4m
- Financial income +€2.0m
up €2.0m (+3,897,016%), from €51 to €2.0m
- Gross operating margin -€7,332
down €7,332 (-428%), from -€1,712 to -€9,044
- Other operating charges -€330
down €330 (-31.2%), from €1,058 to €728
- Financial charges -€148
down €148 (-15.2%), from €972 to €824
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 | €6,106,324 | €8,444,379 | +€2.3m | +38.3% |
| Fixed assets | 21/28 | €5,735,008 | €6,085,736 | +€350,728 | +6.1% |
| Financial fixed assets | 28 | €5,735,008 | €6,085,736 | +€350,728 | +6.1% |
| Current assets | 29/58 | €371,315 | €2,358,643 | +€2.0m | +535% |
| Amounts receivable within one year | 40/41 | €352,765 | €2,350,604 | +€2.0m | +566% |
| Trade receivables | 40 | €352,765 | €350,604 | -€2,161 | -0.6% |
| Other amounts receivable | 41 | - | €2,000,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €18,550 | €8,039 | -€10,511 | -56.7% |
| Total equity and liabilities | 10/49 | €6,106,324 | €8,444,379 | +€2.3m | +38.3% |
| Equity | 10/15 | €49,872 | €2,039,277 | +€2.0m | +3,989% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €1,979,277 | +€2.0m | |
| Distributable reserves | 133 | - | €1,979,277 | +€2.0m | |
| Profit (loss) carried forward | 14 | -€10,128 | - | +€10,128 | |
| Amounts payable | 17/49 | €6,056,451 | €6,405,102 | +€348,651 | +5.8% |
| Amounts payable within one year | 42/48 | €6,056,451 | €6,405,102 | +€348,651 | +5.8% |
| Trade debts | 44 | €490 | €379 | -€110 | -22.6% |
| Suppliers | 440/4 | €490 | €379 | -€110 | -22.6% |
| Other amounts payable | 47/48 | €6,055,962 | €6,404,723 | +€348,761 | +5.8% |
| Other operating charges | 640/8 | €1,058 | €728 | -€330 | -31.2% |
| Gross operating margin | 9900 | -€1,712 | -€9,044 | -€7,332 | -428% |
| Operating profit (loss) | 9901 | -€2,770 | -€9,771 | -€7,002 | -253% |
| Financial income | 75/76B | €51 | €2,000,000 | +€2.0m | +3,897,016% |
| Recurring financial income | 75 | €51 | €2,000,000 | +€2.0m | +3,897,016% |
| Financial charges | 65/66B | €972 | €824 | -€148 | -15.2% |
| Recurring financial charges | 65 | €972 | €824 | -€148 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,691 | €1,989,405 | +€2.0m | |
| Profit (loss) for the period | 9904 | -€3,691 | €1,989,405 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,691 | €1,989,405 | +€2.0m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.