PDG Joris Huveneers: 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 Joris Huveneers
Largest movements
- Current investments +€11,633
up €11,633 (+42.6%), from €27,333 to €38,966
- Tangible fixed assets -€6,237
down €6,237 (-51.5%), from €12,102 to €5,865
of which Furniture and vehicles: -€5,714
- Cash +€3,572
up €3,572 (+12.4%), from €28,732 to €32,305
mainly Net result for the year (+€47,227) and Depreciation (+€8,279)
- Reserves +€17,815
up €17,815 (+38.8%), from €45,916 to €63,731
- Tax, wage and social debts -€5,726
down €5,726 (-95.8%), from €5,976 to €250
- Debts after one year -€4,466
down €4,466 (-100%), from €4,466 to €0
- Trade debts +€2,701
up €2,701 (+1,300%), from €208 to €2,909
- Financial income +€30,131
up €30,131 (+17,883%), from €168 to €30,299
- Gross operating margin +€1,604
up €1,604 (+4.4%), from €36,872 to €38,476
- Taxes +€798
up €798 (+6.9%), from €11,527 to €12,324
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 | €72,168 | €81,901 | +€9,733 | +13.5% |
| Fixed assets | 21/28 | €16,102 | €9,865 | -€6,237 | -38.7% |
| Tangible fixed assets | 22/27 | €12,102 | €5,865 | -€6,237 | -51.5% |
| Plant, machinery and equipment | 23 | €539 | €16 | -€523 | -97.1% |
| Furniture and vehicles | 24 | €11,563 | €5,849 | -€5,714 | -49.4% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €56,066 | €72,036 | +€15,970 | +28.5% |
| Amounts receivable within one year | 40/41 | €0 | €766 | +€766 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €766 | +€766 | |
| Current investments | 50/53 | €27,333 | €38,966 | +€11,633 | +42.6% |
| Cash at bank and in hand | 54/58 | €28,732 | €32,305 | +€3,572 | +12.4% |
| Total equity and liabilities | 10/49 | €72,168 | €81,901 | +€9,733 | +13.5% |
| Equity | 10/15 | €53,916 | €71,731 | +€17,815 | +33.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €45,916 | €63,731 | +€17,815 | +38.8% |
| Distributable reserves | 133 | €45,916 | €63,731 | +€17,815 | +38.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,252 | €10,170 | -€8,082 | -44.3% |
| Amounts payable after more than one year | 17 | €4,466 | €0 | -€4,466 | -100% |
| Financial debts | 170/4 | €4,466 | €0 | -€4,466 | -100% |
| Amounts payable within one year | 42/48 | €13,786 | €10,170 | -€3,616 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €7,596 | €6,991 | -€604 | -8.0% |
| Trade debts | 44 | €208 | €2,909 | +€2,701 | +1,300% |
| Suppliers | 440/4 | €208 | €2,909 | +€2,701 | +1,300% |
| Taxes, remuneration and social security | 45 | €5,976 | €250 | -€5,726 | -95.8% |
| Taxes | 450/3 | €5,976 | €250 | -€5,726 | -95.8% |
| Other amounts payable | 47/48 | €7 | €20 | +€13 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,093 | €8,279 | +€186 | +2.3% |
| Other operating charges | 640/8 | €668 | €591 | -€77 | -11.5% |
| Gross operating margin | 9900 | €36,872 | €38,476 | +€1,604 | +4.4% |
| Operating profit (loss) | 9901 | €28,111 | €29,606 | +€1,495 | +5.3% |
| Financial income | 75/76B | €168 | €30,299 | +€30,131 | +17,883% |
| Recurring financial income | 75 | €168 | €30,299 | +€30,131 | +17,883% |
| Financial charges | 65/66B | €280 | €354 | +€74 | +26.3% |
| Recurring financial charges | 65 | €280 | €354 | +€74 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €27,999 | €59,551 | +€31,552 | +113% |
| Income taxes | 67/77 | €11,527 | €12,324 | +€798 | +6.9% |
| Profit (loss) for the period | 9904 | €16,472 | €47,227 | +€30,755 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €16,472 | €47,227 | +€30,755 | +187% |
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 21 October 2026 via checked.be.