PDC Invest: what changed
PDC Invest
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€42,669
down €42,669 (-37.8%), from €112,998 to €70,329
mainly Current investments (-€75,000) and Other debts (-€15,996)
- Receivables within one year +€14,246
up €14,246 (+100%), from €14,211 to €28,458
- Tangible fixed assets +€2,712
up €2,712 (+10.4%), from €25,992 to €28,704
of which Other tangible fixed assets: +€3,002
- Reserves +€53,214
up €53,214 (+55.0%), from €96,760 to €149,974
- Other debts -€15,996
down €15,996 (-66.9%), from €23,894 to €7,898
- Trade debts +€9,415
up €9,415 (+485%), from €1,940 to €11,354
- Tax, wage and social debts +€5,335
up €5,335 (+23.3%), from €22,860 to €28,195
- Accrued charges and deferred income -€2,974
down €2,974 (-90.7%), from €3,281 to €306
- Gross operating margin +€5,104
up €5,104 (+7.7%), from €66,022 to €71,126
- Financial income -€1,901
down €1,901 (-93.3%), from €2,037 to €136
- Financial charges -€1,734
down €1,734 (-69.1%), from €2,509 to €775
- Other operating charges +€1,249
up €1,249 (+102%), from €1,220 to €2,469
- Taxes +€978
up €978 (+7.3%), from €13,377 to €14,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,735 | €202,729 | +€48,994 | +31.9% |
| Fixed assets | 21/28 | €25,992 | €28,704 | +€2,712 | +10.4% |
| Tangible fixed assets | 22/27 | €25,992 | €28,704 | +€2,712 | +10.4% |
| Furniture and vehicles | 24 | €609 | €319 | -€290 | -47.6% |
| Other tangible fixed assets | 26 | €25,383 | €28,384 | +€3,002 | +11.8% |
| Current assets | 29/58 | €127,743 | €174,025 | +€46,282 | +36.2% |
| Amounts receivable within one year | 40/41 | €14,211 | €28,458 | +€14,246 | +100% |
| Trade receivables | 40 | €14,211 | €28,458 | +€14,246 | +100% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €112,998 | €70,329 | -€42,669 | -37.8% |
| Deferred charges and accrued income | 490/1 | €533 | €238 | -€295 | -55.3% |
| Total equity and liabilities | 10/49 | €153,735 | €202,729 | +€48,994 | +31.9% |
| Equity | 10/15 | €101,760 | €154,974 | +€53,214 | +52.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,760 | €149,974 | +€53,214 | +55.0% |
| Distributable reserves | 133 | €96,760 | €149,974 | +€53,214 | +55.0% |
| Amounts payable | 17/49 | €51,974 | €47,754 | -€4,220 | -8.1% |
| Amounts payable within one year | 42/48 | €48,694 | €47,448 | -€1,246 | -2.6% |
| Trade debts | 44 | €1,940 | €11,354 | +€9,415 | +485% |
| Suppliers | 440/4 | €1,940 | €11,354 | +€9,415 | +485% |
| Taxes, remuneration and social security | 45 | €22,860 | €28,195 | +€5,335 | +23.3% |
| Taxes | 450/3 | €22,860 | €28,195 | +€5,335 | +23.3% |
| Other amounts payable | 47/48 | €23,894 | €7,898 | -€15,996 | -66.9% |
| Accrued charges and deferred income | 492/3 | €3,281 | €306 | -€2,974 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €449 | +€124 | +38.1% |
| Other operating charges | 640/8 | €1,220 | €2,469 | +€1,249 | +102% |
| Gross operating margin | 9900 | €66,022 | €71,126 | +€5,104 | +7.7% |
| Operating profit (loss) | 9901 | €64,476 | €68,208 | +€3,732 | +5.8% |
| Financial income | 75/76B | €2,037 | €136 | -€1,901 | -93.3% |
| Recurring financial income | 75 | €2,037 | €136 | -€1,901 | -93.3% |
| Financial charges | 65/66B | €2,509 | €775 | -€1,734 | -69.1% |
| Recurring financial charges | 65 | €2,509 | €775 | -€1,734 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €64,004 | €67,569 | +€3,565 | +5.6% |
| Income taxes | 67/77 | €13,377 | €14,355 | +€978 | +7.3% |
| Profit (loss) for the period | 9904 | €50,627 | €53,214 | +€2,587 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,627 | €53,214 | +€2,587 | +5.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.