PdG HOLDING: 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.
PdG HOLDING
Largest movements
- Cash +€65,770
up €65,770 (+70.2%), from €93,718 to €159,488
mainly Net result for the year (+€74,538) and Other debts (+€49,500)
- Receivables within one year -€6,943
down €6,943 (-75.1%), from €9,243 to €2,300
- Other debts +€49,500
up €49,500 (+55.0%), from €90,000 to €139,500
- Tax, wage and social debts +€7,665
up €7,665 (+113%), from €6,781 to €14,446
- Profit (loss) carried forward +€4,538
up €4,538 (+2.7%), from €165,557 to €170,094
- Financial income +€60,166
up €60,166 (+2,305%), from €2,610 to €62,777
- Gross operating margin -€8,789
down €8,789 (-35.8%), from €24,583 to €15,794
- Taxes -€2,835
down €2,835 (-41.8%), from €6,781 to €3,946
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 | €267,337 | €329,040 | +€61,703 | +23.1% |
| Fixed assets | 21/28 | €120,000 | €120,000 | = | 0.0% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €147,337 | €209,040 | +€61,703 | +41.9% |
| Amounts receivable after more than one year | 29 | €44,376 | €47,253 | +€2,877 | +6.5% |
| Trade receivables | 290 | €44,376 | €47,253 | +€2,877 | +6.5% |
| Amounts receivable within one year | 40/41 | €9,243 | €2,300 | -€6,943 | -75.1% |
| Trade receivables | 40 | €9,243 | €2,300 | -€6,943 | -75.1% |
| Cash at bank and in hand | 54/58 | €93,718 | €159,488 | +€65,770 | +70.2% |
| Total equity and liabilities | 10/49 | €267,337 | €329,040 | +€61,703 | +23.1% |
| Equity | 10/15 | €170,557 | €175,094 | +€4,538 | +2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,557 | €170,094 | +€4,538 | +2.7% |
| Amounts payable | 17/49 | €96,781 | €153,946 | +€57,165 | +59.1% |
| Amounts payable within one year | 42/48 | €96,781 | €153,946 | +€57,165 | +59.1% |
| Taxes, remuneration and social security | 45 | €6,781 | €14,446 | +€7,665 | +113% |
| Taxes | 450/3 | €6,781 | €14,446 | +€7,665 | +113% |
| Other amounts payable | 47/48 | €90,000 | €139,500 | +€49,500 | +55.0% |
| Gross operating margin | 9900 | €24,583 | €15,794 | -€8,789 | -35.8% |
| Operating profit (loss) | 9901 | €24,583 | €15,794 | -€8,789 | -35.8% |
| Financial income | 75/76B | €2,610 | €62,777 | +€60,166 | +2,305% |
| Recurring financial income | 75 | €2,610 | €62,777 | +€60,166 | +2,305% |
| Financial charges | 65/66B | €70 | €87 | +€17 | +24.1% |
| Recurring financial charges | 65 | €70 | €87 | +€17 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €27,124 | €78,484 | +€51,360 | +189% |
| Income taxes | 67/77 | €6,781 | €3,946 | -€2,835 | -41.8% |
| Profit (loss) for the period | 9904 | €20,343 | €74,538 | +€54,195 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €20,343 | €74,538 | +€54,195 | +266% |
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 18 October 2026 via checked.be.