PD Projects & Consulting: 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 Projects & Consulting
Largest movements
- Cash +€34,458
up €34,458 (+79.9%), from €43,138 to €77,596
mainly Net result for the year (+€41,929) and Receivables within one year (+€4,056)
- Tangible fixed assets +€7,235
up €7,235 (+251%), from €2,887 to €10,121
of which Furniture and vehicles: +€7,336
- Receivables within one year -€4,056
down €4,056 (-12.4%), from €32,597 to €28,540
of which Trade receivables: -€3,876
- Reserves +€35,929
up €35,929 (+60.8%), from €59,117 to €95,045
- Tax, wage and social debts -€2,798
down €2,798 (-22.6%), from €12,362 to €9,565
- Other debts +€2,306
up €2,306 (+121%), from €1,899 to €4,205
- Current portion of long-term debt +€2,029
new in 2025: €2,029
- Gross operating margin +€9,166
up €9,166 (+16.9%), from €54,279 to €63,445
- Financial charges +€5,013
up €5,013 (+9,830%), from €51 to €5,064
- Depreciation +€2,476
up €2,476 (+161%), from €1,540 to €4,017
- Taxes +€668
up €668 (+5.7%), from €11,624 to €12,293
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 | €78,948 | €117,414 | +€38,466 | +48.7% |
| Fixed assets | 21/28 | €3,052 | €10,287 | +€7,235 | +237% |
| Tangible fixed assets | 22/27 | €2,887 | €10,121 | +€7,235 | +251% |
| Plant, machinery and equipment | 23 | €493 | €392 | -€101 | -20.5% |
| Furniture and vehicles | 24 | €2,394 | €9,729 | +€7,336 | +306% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €75,896 | €107,128 | +€31,232 | +41.2% |
| Amounts receivable within one year | 40/41 | €32,597 | €28,540 | -€4,056 | -12.4% |
| Trade receivables | 40 | €32,416 | €28,540 | -€3,876 | -12.0% |
| Other amounts receivable | 41 | €181 | - | -€181 | |
| Cash at bank and in hand | 54/58 | €43,138 | €77,596 | +€34,458 | +79.9% |
| Deferred charges and accrued income | 490/1 | €161 | €992 | +€831 | +515% |
| Total equity and liabilities | 10/49 | €78,948 | €117,414 | +€38,466 | +48.7% |
| Equity | 10/15 | €64,117 | €100,045 | +€35,929 | +56.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,117 | €95,045 | +€35,929 | +60.8% |
| Distributable reserves | 133 | €59,117 | €95,045 | +€35,929 | +60.8% |
| Amounts payable | 17/49 | €14,831 | €17,369 | +€2,538 | +17.1% |
| Amounts payable within one year | 42/48 | €14,831 | €17,369 | +€2,538 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,029 | +€2,029 | |
| Financial debts | 43 | - | €497 | +€497 | |
| Credit institutions | 430/8 | - | €497 | +€497 | |
| Trade debts | 44 | €570 | €1,073 | +€503 | +88.2% |
| Suppliers | 440/4 | €570 | €1,073 | +€503 | +88.2% |
| Taxes, remuneration and social security | 45 | €12,362 | €9,565 | -€2,798 | -22.6% |
| Taxes | 450/3 | €12,362 | €9,565 | -€2,798 | -22.6% |
| Other amounts payable | 47/48 | €1,899 | €4,205 | +€2,306 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €4,017 | +€2,476 | +161% |
| Other operating charges | 640/8 | €118 | €144 | +€26 | +21.8% |
| Non-recurring operating charges | 66A | €836 | - | -€836 | |
| Gross operating margin | 9900 | €54,279 | €63,445 | +€9,166 | +16.9% |
| Operating profit (loss) | 9901 | €51,784 | €59,284 | +€7,500 | +14.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -38.9% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -38.9% |
| Financial charges | 65/66B | €51 | €5,064 | +€5,013 | +9,830% |
| Recurring financial charges | 65 | €51 | €5,064 | +€5,013 | +9,830% |
| Profit (loss) for the period before taxes | 9903 | €51,735 | €54,221 | +€2,486 | +4.8% |
| Income taxes | 67/77 | €11,624 | €12,293 | +€668 | +5.7% |
| Profit (loss) for the period | 9904 | €40,111 | €41,929 | +€1,818 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,111 | €41,929 | +€1,818 | +4.5% |
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 17 October 2026 via checked.be.