PDCA Management: 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.
PDCA Management
Largest movements
- Cash +€52,319
up €52,319 (+93.8%), from €55,748 to €108,066
mainly Net result for the year (+€54,538) and Receivables within one year (+€9,258)
- Receivables within one year -€9,258
down €9,258 (-38.3%), from €24,200 to €14,942
of which Trade receivables: -€9,680
- Deferred charges and accrued income -€2,030
down €2,030 (-21.7%), from €9,339 to €7,310
- Profit (loss) carried forward +€54,538
up €54,538 (+83.7%), from €65,183 to €119,720
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€1,926
down €1,926 (-13.8%), from €13,990 to €12,064
- Gross operating margin -€12,362
down €12,362 (-14.9%), from €83,075 to €70,713
- Taxes -€2,608
down €2,608 (-15.8%), from €16,499 to €13,891
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 | €91,186 | €133,243 | +€42,057 | +46.1% |
| Fixed assets | 21/28 | €1,899 | €2,925 | +€1,026 | +54.0% |
| Tangible fixed assets | 22/27 | €1,899 | €2,925 | +€1,026 | +54.0% |
| Plant, machinery and equipment | 23 | €1,481 | €2,514 | +€1,034 | +69.8% |
| Furniture and vehicles | 24 | €418 | €411 | -€7 | -1.8% |
| Current assets | 29/58 | €89,287 | €130,318 | +€41,031 | +46.0% |
| Amounts receivable within one year | 40/41 | €24,200 | €14,942 | -€9,258 | -38.3% |
| Trade receivables | 40 | €24,200 | €14,520 | -€9,680 | -40.0% |
| Other amounts receivable | 41 | - | €422 | +€422 | |
| Cash at bank and in hand | 54/58 | €55,748 | €108,066 | +€52,319 | +93.8% |
| Deferred charges and accrued income | 490/1 | €9,339 | €7,310 | -€2,030 | -21.7% |
| Total equity and liabilities | 10/49 | €91,186 | €133,243 | +€42,057 | +46.1% |
| Equity | 10/15 | €66,083 | €120,620 | +€54,538 | +82.5% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,183 | €119,720 | +€54,538 | +83.7% |
| Amounts payable | 17/49 | €25,104 | €12,623 | -€12,481 | -49.7% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €14,813 | €12,556 | -€2,257 | -15.2% |
| Trade debts | 44 | €822 | €492 | -€330 | -40.2% |
| Suppliers | 440/4 | €822 | €492 | -€330 | -40.2% |
| Taxes, remuneration and social security | 45 | €13,990 | €12,064 | -€1,926 | -13.8% |
| Taxes | 450/3 | €13,990 | €12,064 | -€1,926 | -13.8% |
| Accrued charges and deferred income | 492/3 | €291 | €67 | -€224 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €801 | +€354 | +79.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €83,075 | €70,713 | -€12,362 | -14.9% |
| Operating profit (loss) | 9901 | €82,627 | €69,792 | -€12,835 | -15.5% |
| Financial charges | 65/66B | €946 | €1,363 | +€417 | +44.1% |
| Recurring financial charges | 65 | €946 | €1,363 | +€417 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €81,681 | €68,429 | -€13,253 | -16.2% |
| Income taxes | 67/77 | €16,499 | €13,891 | -€2,608 | -15.8% |
| Profit (loss) for the period | 9904 | €65,183 | €54,538 | -€10,645 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,183 | €54,538 | -€10,645 | -16.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.