PDB Management: what changed
Two fiscal 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.
PDB Management
Largest movements
- Cash +€110,933
up €110,933 (+449.0%), from €24,705 to €135,638
mainly Net result for the year (+€77,499) and Tax, wage and social debts (+€22,376)
- Receivables within one year -€13,420
down €13,420 (-37.7%), from €35,630 to €22,210
of which Trade receivables: -€35,630
- Profit (loss) carried forward +€77,499
up €77,499 (+172.2%), from €44,995 to €122,494
- Tax, wage and social debts +€22,376
up €22,376 (+138.4%), from €16,166 to €38,542
- Gross operating margin +€45,303
up €45,303 (+77.5%), from €58,490 to €103,793
- Taxes +€11,959
up €11,959 (+99.4%), from €12,027 to €23,987
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,237 | €161,536 | +€99,299 | +159.6% |
| Fixed assets | 21/28 | €947 | €1,546 | +€599 | +63.2% |
| Tangible fixed assets | 22/27 | €947 | €1,546 | +€599 | +63.2% |
| Plant, machinery and equipment | 23 | €947 | €1,546 | +€599 | +63.2% |
| Current assets | 29/58 | €61,290 | €159,989 | +€98,700 | +161.0% |
| Amounts receivable within one year | 40/41 | €35,630 | €22,210 | -€13,420 | -37.7% |
| Trade receivables | 40 | €35,630 | - | -€35,630 | |
| Other amounts receivable | 41 | - | €22,210 | +€22,210 | |
| Cash at bank and in hand | 54/58 | €24,705 | €135,638 | +€110,933 | +449.0% |
| Deferred charges and accrued income | 490/1 | €955 | €2,142 | +€1,187 | +124.3% |
| Total equity and liabilities | 10/49 | €62,237 | €161,536 | +€99,299 | +159.6% |
| Equity | 10/15 | €44,996 | €122,495 | +€77,499 | +172.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,995 | €122,494 | +€77,499 | +172.2% |
| Amounts payable | 17/49 | €17,240 | €39,040 | +€21,800 | +126.4% |
| Amounts payable within one year | 42/48 | €17,240 | €39,040 | +€21,800 | +126.4% |
| Trade debts | 44 | €897 | €499 | -€398 | -44.4% |
| Suppliers | 440/4 | €897 | €499 | -€398 | -44.4% |
| Taxes, remuneration and social security | 45 | €16,166 | €38,542 | +€22,376 | +138.4% |
| Taxes | 450/3 | €16,166 | €38,542 | +€22,376 | +138.4% |
| Other amounts payable | 47/48 | €178 | - | -€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €818 | +€690 | +538.6% |
| Other operating charges | 640/8 | €63 | €172 | +€109 | +172.3% |
| Gross operating margin | 9900 | €58,490 | €103,793 | +€45,303 | +77.5% |
| Operating profit (loss) | 9901 | €58,299 | €102,803 | +€44,504 | +76.3% |
| Financial income | 75/76B | - | €607 | +€607 | |
| Recurring financial income | 75 | - | €607 | +€607 | |
| Financial charges | 65/66B | €1,276 | €1,925 | +€648 | +50.8% |
| Recurring financial charges | 65 | €1,276 | €1,925 | +€648 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €57,023 | €101,485 | +€44,463 | +78.0% |
| Income taxes | 67/77 | €12,027 | €23,987 | +€11,959 | +99.4% |
| Profit (loss) for the period | 9904 | €44,995 | €77,499 | +€32,503 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,995 | €77,499 | +€32,503 | +72.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.