PDF 2 Invest: what changed
PDF 2 Invest
Largest movements
- Cash -€340,351
down €340,351 (-91.9%), from €370,507 to €30,157
mainly Debts after one year (-€266,103) and Other debts (-€100,000)
- Receivables within one year -€93,151
down €93,151 (-73.7%), from €126,401 to €33,250
of which Other amounts receivable: -€93,151
- Financial fixed assets -€61,499
down €61,499 (-28.6%), from €215,250 to €153,751
- Deferred charges and accrued income -€14,135
down €14,135 (-91.9%), from €15,376 to €1,241
- Debts after one year -€266,103
down €266,103 (-100%), from €266,103 to €0
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Accrued charges and deferred income -€71,203
down €71,203 (-99.2%), from €71,766 to €563
- Profit (loss) carried forward -€68,518
down €68,518 (-53.9%), from -€127,019 to -€195,537
- Financial charges +€32,014
up €32,014 (+97.2%), from €32,927 to €64,941
of which Non-recurring financial charges: +€61,499
- Financial income -€8,007
down €8,007 (-72.5%), from €11,051 to €3,044
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 | €727,535 | €218,399 | -€509,135 | -70.0% |
| Fixed assets | 21/28 | €215,250 | €153,751 | -€61,499 | -28.6% |
| Financial fixed assets | 28 | €215,250 | €153,751 | -€61,499 | -28.6% |
| Affiliated companies | 280/1 | €215,250 | €153,751 | -€61,499 | -28.6% |
| Participating interests | 280 | €215,250 | €153,751 | -€61,499 | -28.6% |
| Current assets | 29/58 | €512,285 | €64,648 | -€447,636 | -87.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €126,401 | €33,250 | -€93,151 | -73.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €126,401 | €33,250 | -€93,151 | -73.7% |
| Cash at bank and in hand | 54/58 | €370,507 | €30,157 | -€340,351 | -91.9% |
| Deferred charges and accrued income | 490/1 | €15,376 | €1,241 | -€14,135 | -91.9% |
| Total equity and liabilities | 10/49 | €727,535 | €218,399 | -€509,135 | -70.0% |
| Equity | 10/15 | €279,331 | €210,814 | -€68,518 | -24.5% |
| Contributions | 10/11 | €406,000 | €406,000 | = | 0.0% |
| Capital | 10 | €406,000 | €406,000 | = | 0.0% |
| Issued capital | 100 | €406,000 | €406,000 | = | 0.0% |
| Reserves | 13 | €350 | €350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Legal reserve | 130 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,019 | -€195,537 | -€68,518 | -53.9% |
| Amounts payable | 17/49 | €448,203 | €7,585 | -€440,618 | -98.3% |
| Amounts payable after more than one year | 17 | €266,103 | €0 | -€266,103 | -100% |
| Financial debts | 170/4 | €266,103 | €0 | -€266,103 | -100% |
| Other loans | 174 | €266,103 | €0 | -€266,103 | -100% |
| Amounts payable within one year | 42/48 | €110,334 | €7,022 | -€103,312 | -93.6% |
| Trade debts | 44 | €10,334 | €7,022 | -€3,312 | -32.0% |
| Suppliers | 440/4 | €10,334 | €7,022 | -€3,312 | -32.0% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | €71,766 | €563 | -€71,203 | -99.2% |
| Operating income | 70/76A | €0 | - | = | |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €13,823 | €6,620 | -€7,203 | -52.1% |
| Services and other goods | 61 | €11,159 | €4,578 | -€6,581 | -59.0% |
| Other operating charges | 640/8 | €2,664 | €2,042 | -€622 | -23.3% |
| Operating profit (loss) | 9901 | -€13,823 | -€6,620 | +€7,203 | +52.1% |
| Financial income | 75/76B | €11,051 | €3,044 | -€8,007 | -72.5% |
| Recurring financial income | 75 | €11,051 | €3,044 | -€8,007 | -72.5% |
| Income from current assets | 751 | €11,051 | €3,044 | -€8,007 | -72.5% |
| Financial charges | 65/66B | €32,927 | €64,941 | +€32,014 | +97.2% |
| Recurring financial charges | 65 | €32,927 | €3,442 | -€29,485 | -89.5% |
| Debt charges | 650 | €32,453 | €3,318 | -€29,134 | -89.8% |
| Other financial charges | 652/9 | €475 | €124 | -€351 | -73.9% |
| Non-recurring financial charges | 66B | - | €61,499 | +€61,499 | |
| Profit (loss) for the period before taxes | 9903 | -€35,700 | -€68,518 | -€32,818 | -91.9% |
| Income taxes | 67/77 | €12 | €0 | -€12 | -100% |
| Taxes | 670/3 | €12 | €0 | -€12 | -100% |
| Profit (loss) for the period | 9904 | -€35,712 | -€68,518 | -€32,806 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,712 | -€68,518 | -€32,806 | -91.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.