PDC: 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.
PDC
Largest movements
- Receivables within one year -€8,397
down €8,397 (-39.0%), from €21,523 to €13,126
of which Trade receivables: -€9,392
- Tangible fixed assets -€2,352
down €2,352 (-48.4%), from €4,856 to €2,504
- Profit (loss) carried forward -€7,129
down €7,129 (-160.9%), from -€4,431 to -€11,560
- Tax, wage and social debts -€4,259
down €4,259 (-81.8%), from €5,204 to €945
- Gross operating margin -€3,370
down €3,370, from €711 to -€2,659
- Other operating charges -€739
down €739 (-43.3%), from €1,707 to €968
- Depreciation -€188
down €188 (-7.4%), from €2,540 to €2,352
- Taxes +€129
up €129 (+69.0%), from €187 to €316
- Financial charges +€126
up €126 (+17.8%), from €708 to €834
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 | €115,650 | €105,004 | -€10,646 | -9.2% |
| Fixed assets | 21/28 | €4,856 | €2,504 | -€2,352 | -48.4% |
| Tangible fixed assets | 22/27 | €4,856 | €2,504 | -€2,352 | -48.4% |
| Furniture and vehicles | 24 | €4,856 | €2,504 | -€2,352 | -48.4% |
| Current assets | 29/58 | €110,794 | €102,500 | -€8,294 | -7.5% |
| Amounts receivable within one year | 40/41 | €21,523 | €13,126 | -€8,397 | -39.0% |
| Trade receivables | 40 | €17,702 | €8,310 | -€9,392 | -53.1% |
| Other amounts receivable | 41 | €3,821 | €4,816 | +€995 | +26.0% |
| Cash at bank and in hand | 54/58 | €89,014 | €88,886 | -€128 | -0.1% |
| Deferred charges and accrued income | 490/1 | €257 | €488 | +€231 | +89.9% |
| Total equity and liabilities | 10/49 | €115,650 | €105,004 | -€10,646 | -9.2% |
| Equity | 10/15 | €106,352 | €99,223 | -€7,129 | -6.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €109,783 | €109,783 | = | 0.0% |
| Distributable reserves | 133 | €109,783 | €109,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,431 | -€11,560 | -€7,129 | -160.9% |
| Amounts payable | 17/49 | €9,298 | €5,781 | -€3,517 | -37.8% |
| Amounts payable within one year | 42/48 | €9,298 | €5,641 | -€3,657 | -39.3% |
| Trade debts | 44 | €3,653 | €4,255 | +€602 | +16.5% |
| Suppliers | 440/4 | €3,653 | €4,255 | +€602 | +16.5% |
| Taxes, remuneration and social security | 45 | €5,204 | €945 | -€4,259 | -81.8% |
| Taxes | 450/3 | €5,204 | €945 | -€4,259 | -81.8% |
| Other amounts payable | 47/48 | €441 | €441 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €2,352 | -€188 | -7.4% |
| Other operating charges | 640/8 | €1,707 | €968 | -€739 | -43.3% |
| Gross operating margin | 9900 | €711 | -€2,659 | -€3,370 | |
| Operating profit (loss) | 9901 | -€3,536 | -€5,979 | -€2,443 | -69.1% |
| Financial charges | 65/66B | €708 | €834 | +€126 | +17.8% |
| Recurring financial charges | 65 | €708 | €834 | +€126 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,244 | -€6,813 | -€2,569 | -60.5% |
| Income taxes | 67/77 | €187 | €316 | +€129 | +69.0% |
| Profit (loss) for the period | 9904 | -€4,431 | -€7,129 | -€2,698 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,431 | -€7,129 | -€2,698 | -60.9% |
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 3 October 2026 via checked.be.