PDC CONCEPT: 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 CONCEPT
Largest movements
- Financial fixed assets +€512,000
new in 2025: €512,000
- Receivables within one year -€132,161
down €132,161 (-74.4%), from €177,543 to €45,382
of which Trade receivables: -€81,792
- Tangible fixed assets -€22,318
down €22,318 (-3.2%), from €703,822 to €681,504
of which Land and buildings: -€15,242
- Debts after one year +€338,283
up €338,283 (+57.2%), from €591,853 to €930,136
- Profit (loss) carried forward -€60,752
new in 2025: -€60,752
- Other debts +€55,358
up €55,358 (+37.6%), from €147,204 to €202,562
- Current portion of long-term debt +€27,947
up €27,947 (+72.1%), from €38,770 to €66,717
- Reserves -€13,228
down €13,228 (-12.1%), from €108,950 to €95,722
- Gross operating margin -€53,123
down €53,123 (-80.2%), from €66,215 to €13,092
- Financial charges +€18,879
up €18,879 (+72.4%), from €26,072 to €44,951
- Taxes -€4,784
down €4,784 (-93.0%), from €5,143 to €359
- Other operating charges +€2,137
up €2,137 (+74.5%), from €2,867 to €5,004
- Financial income -€1,954
down €1,954 (-88.4%), from €2,211 to €257
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 | €897,613 | €1,257,270 | +€359,657 | +40.1% |
| Formation expenses | 20 | €1,469 | €0 | -€1,469 | -100.0% |
| Fixed assets | 21/28 | €703,822 | €1,193,504 | +€489,682 | +69.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €703,822 | €681,504 | -€22,318 | -3.2% |
| Land and buildings | 22 | €680,267 | €665,025 | -€15,242 | -2.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €23,554 | €16,480 | -€7,074 | -30.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €512,000 | +€512,000 | |
| Current assets | 29/58 | €192,323 | €63,765 | -€128,558 | -66.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €177,543 | €45,382 | -€132,161 | -74.4% |
| Trade receivables | 40 | €127,167 | €45,375 | -€81,792 | -64.3% |
| Other amounts receivable | 41 | €50,376 | €7 | -€50,369 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,794 | €18,383 | +€5,589 | +43.7% |
| Deferred charges and accrued income | 490/1 | €1,985 | €0 | -€1,985 | -100.0% |
| Total equity and liabilities | 10/49 | €897,613 | €1,257,270 | +€359,657 | +40.1% |
| Equity | 10/15 | €113,177 | €39,198 | -€73,979 | -65.4% |
| Contributions | 10/11 | €4,228 | €4,228 | -€0 | 0.0% |
| Reserves | 13 | €108,950 | €95,722 | -€13,228 | -12.1% |
| Distributable reserves | 133 | €108,950 | €95,722 | -€13,228 | -12.1% |
| Profit (loss) carried forward | 14 | - | -€60,752 | -€60,752 | |
| Amounts payable | 17/49 | €784,436 | €1,218,072 | +€433,636 | +55.3% |
| Amounts payable after more than one year | 17 | €591,853 | €930,136 | +€338,283 | +57.2% |
| Financial debts | 170/4 | €591,853 | €930,136 | +€338,283 | +57.2% |
| Amounts payable within one year | 42/48 | €192,583 | €287,936 | +€95,353 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €38,770 | €66,717 | +€27,947 | +72.1% |
| Financial debts | 43 | €701 | €1,265 | +€564 | +80.5% |
| Credit institutions | 430/8 | €701 | €1,265 | +€564 | +80.5% |
| Trade debts | 44 | €2,856 | €9,684 | +€6,828 | +239.1% |
| Suppliers | 440/4 | €2,856 | €9,684 | +€6,828 | +239.1% |
| Taxes, remuneration and social security | 45 | €3,052 | €7,707 | +€4,655 | +152.5% |
| Taxes | 450/3 | €3,052 | €7,707 | +€4,655 | +152.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €147,204 | €202,562 | +€55,358 | +37.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,525 | €23,787 | -€738 | -3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,867 | €5,004 | +€2,137 | +74.5% |
| Gross operating margin | 9900 | €66,215 | €13,092 | -€53,123 | -80.2% |
| Operating profit (loss) | 9901 | €38,824 | -€15,699 | -€54,523 | |
| Financial income | 75/76B | €2,211 | €257 | -€1,954 | -88.4% |
| Recurring financial income | 75 | €2,211 | €257 | -€1,954 | -88.4% |
| Financial charges | 65/66B | €26,072 | €44,951 | +€18,879 | +72.4% |
| Recurring financial charges | 65 | €26,072 | €44,951 | +€18,879 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €14,963 | -€60,393 | -€75,356 | |
| Income taxes | 67/77 | €5,143 | €359 | -€4,784 | -93.0% |
| Profit (loss) for the period | 9904 | €9,819 | -€60,752 | -€70,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,819 | -€60,752 | -€70,571 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.