PDC home: 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.
PDC home
Largest movements
- Tangible fixed assets -€42,622
down €42,622 (-6.3%), from €677,727 to €635,105
of which Land and buildings: -€33,230
- Cash +€11,671
up €11,671 (+46.4%), from €25,137 to €36,808
mainly Net result for the year (+€49,035) and Depreciation (+€42,622)
- Other debts -€69,612
down €69,612 (-99.8%), from €69,731 to €119
- Reserves +€49,035
up €49,035 (+36.6%), from €133,855 to €182,890
of which Distributable reserves: +€53,684
- Debts after one year -€18,000
down €18,000 (-13.3%), from €135,000 to €117,000
- Tax, wage and social debts +€9,162
up €9,162 (+196%), from €4,676 to €13,838
- Gross operating margin +€13,125
up €13,125 (+10.5%), from €124,641 to €137,766
- Financial charges -€11,286
down €11,286 (-64.0%), from €17,644 to €6,358
- Taxes +€8,537
up €8,537 (+49.3%), from €17,301 to €25,838
- Depreciation +€3,960
up €3,960 (+10.2%), from €38,661 to €42,622
- Financial income -€2,835
no longer reported in 2025 (was €2,835)
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 | €702,864 | €671,914 | -€30,950 | -4.4% |
| Fixed assets | 21/28 | €677,727 | €635,105 | -€42,622 | -6.3% |
| Tangible fixed assets | 22/27 | €677,727 | €635,105 | -€42,622 | -6.3% |
| Land and buildings | 22 | €597,246 | €564,016 | -€33,230 | -5.6% |
| Plant, machinery and equipment | 23 | €80,482 | €71,090 | -€9,392 | -11.7% |
| Current assets | 29/58 | €25,137 | €36,808 | +€11,671 | +46.4% |
| Cash at bank and in hand | 54/58 | €25,137 | €36,808 | +€11,671 | +46.4% |
| Total equity and liabilities | 10/49 | €702,864 | €671,914 | -€30,950 | -4.4% |
| Equity | 10/15 | €439,759 | €488,794 | +€49,035 | +11.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €133,855 | €182,890 | +€49,035 | +36.6% |
| Tax-exempt reserves | 132 | €85,758 | €81,108 | -€4,649 | -5.4% |
| Distributable reserves | 133 | €48,098 | €101,782 | +€53,684 | +112% |
| Profit (loss) carried forward | 14 | €280,904 | €280,904 | = | 0.0% |
| Provisions and deferred taxes | 16 | €28,586 | €27,036 | -€1,550 | -5.4% |
| Deferred taxes | 168 | €28,586 | €27,036 | -€1,550 | -5.4% |
| Amounts payable | 17/49 | €234,519 | €156,084 | -€78,435 | -33.4% |
| Amounts payable after more than one year | 17 | €135,000 | €117,000 | -€18,000 | -13.3% |
| Financial debts | 170/4 | €135,000 | €117,000 | -€18,000 | -13.3% |
| Amounts payable within one year | 42/48 | €93,519 | €33,084 | -€60,435 | -64.6% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €18,000 | = | 0.0% |
| Trade debts | 44 | €1,113 | €1,126 | +€14 | +1.3% |
| Suppliers | 440/4 | €1,113 | €1,126 | +€14 | +1.3% |
| Taxes, remuneration and social security | 45 | €4,676 | €13,838 | +€9,162 | +196% |
| Taxes | 450/3 | €4,676 | €13,838 | +€9,162 | +196% |
| Other amounts payable | 47/48 | €69,731 | €119 | -€69,612 | -99.8% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,661 | €42,622 | +€3,960 | +10.2% |
| Other operating charges | 640/8 | €14,995 | €15,463 | +€468 | +3.1% |
| Gross operating margin | 9900 | €124,641 | €137,766 | +€13,125 | +10.5% |
| Operating profit (loss) | 9901 | €70,985 | €79,681 | +€8,696 | +12.3% |
| Financial income | 75/76B | €2,835 | - | -€2,835 | |
| Recurring financial income | 75 | €2,835 | - | -€2,835 | |
| Financial charges | 65/66B | €17,644 | €6,358 | -€11,286 | -64.0% |
| Recurring financial charges | 65 | €17,644 | €6,358 | -€11,286 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €56,176 | €73,323 | +€17,147 | +30.5% |
| Transfer from deferred taxes | 780 | €1,550 | €1,550 | = | 0.0% |
| Income taxes | 67/77 | €17,301 | €25,838 | +€8,537 | +49.3% |
| Profit (loss) for the period | 9904 | €40,424 | €49,035 | +€8,610 | +21.3% |
| Transfer from tax-exempt reserves | 789 | €4,649 | €4,649 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,074 | €53,684 | +€8,610 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.