PDG 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.
PDG MANAGEMENT
Largest movements
- Receivables after one year +€38,500
up €38,500 (+22.3%), from €173,000 to €211,500
- Cash +€34,677
up €34,677 (+385%), from €9,008 to €43,685
mainly Tax, wage and social debts (+€40,986) and Net result for the year (+€25,217)
- Receivables within one year +€10,213
up €10,213 (+6.9%), from €147,833 to €158,046
of which Other amounts receivable: +€18,895
- Tax, wage and social debts +€40,986
up €40,986 (+573%), from €7,149 to €48,135
- Profit (loss) carried forward +€25,217
up €25,217 (+9.6%), from €263,339 to €288,556
- Debts after one year +€14,874
up €14,874 (+341%), from €4,365 to €19,239
- Trade debts +€13,205
up €13,205 (+43.1%), from €30,630 to €43,836
- Current portion of long-term debt -€9,438
down €9,438 (-66.4%), from €14,208 to €4,770
- Gross operating margin -€21,244
down €21,244 (-29.0%), from €73,319 to €52,075
- Other operating charges +€13,958
up €13,958 (+2,372%), from €589 to €14,546
- Taxes -€4,383
down €4,383 (-31.3%), from €13,990 to €9,607
- Financial income +€1,473
new in 2025: €1,473
- Depreciation +€1,006
up €1,006 (+61.6%), from €1,633 to €2,639
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 | €340,151 | €424,995 | +€84,844 | +24.9% |
| Fixed assets | 21/28 | €7,481 | €8,275 | +€795 | +10.6% |
| Tangible fixed assets | 22/27 | €7,481 | €8,275 | +€795 | +10.6% |
| Furniture and vehicles | 24 | €7,481 | €8,275 | +€795 | +10.6% |
| Current assets | 29/58 | €332,670 | €416,720 | +€84,049 | +25.3% |
| Amounts receivable after more than one year | 29 | €173,000 | €211,500 | +€38,500 | +22.3% |
| Other amounts receivable | 291 | €173,000 | €211,500 | +€38,500 | +22.3% |
| Amounts receivable within one year | 40/41 | €147,833 | €158,046 | +€10,213 | +6.9% |
| Trade receivables | 40 | €122,778 | €114,096 | -€8,682 | -7.1% |
| Other amounts receivable | 41 | €25,055 | €43,950 | +€18,895 | +75.4% |
| Cash at bank and in hand | 54/58 | €9,008 | €43,685 | +€34,677 | +385% |
| Deferred charges and accrued income | 490/1 | €2,830 | €3,489 | +€659 | +23.3% |
| Total equity and liabilities | 10/49 | €340,151 | €424,995 | +€84,844 | +24.9% |
| Equity | 10/15 | €283,799 | €309,016 | +€25,217 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,339 | €288,556 | +€25,217 | +9.6% |
| Amounts payable | 17/49 | €56,352 | €115,979 | +€59,627 | +106% |
| Amounts payable after more than one year | 17 | €4,365 | €19,239 | +€14,874 | +341% |
| Financial debts | 170/4 | €4,365 | €19,239 | +€14,874 | +341% |
| Amounts payable within one year | 42/48 | €51,987 | €96,741 | +€44,753 | +86.1% |
| Current portion of amounts payable after more than one year | 42 | €14,208 | €4,770 | -€9,438 | -66.4% |
| Trade debts | 44 | €30,630 | €43,836 | +€13,205 | +43.1% |
| Suppliers | 440/4 | €30,630 | €43,836 | +€13,205 | +43.1% |
| Taxes, remuneration and social security | 45 | €7,149 | €48,135 | +€40,986 | +573% |
| Taxes | 450/3 | €7,149 | €48,135 | +€40,986 | +573% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €2,639 | +€1,006 | +61.6% |
| Other operating charges | 640/8 | €589 | €14,546 | +€13,958 | +2,372% |
| Gross operating margin | 9900 | €73,319 | €52,075 | -€21,244 | -29.0% |
| Operating profit (loss) | 9901 | €71,097 | €34,889 | -€36,208 | -50.9% |
| Financial income | 75/76B | - | €1,473 | +€1,473 | |
| Recurring financial income | 75 | - | €1,473 | +€1,473 | |
| Financial charges | 65/66B | €586 | €1,539 | +€953 | +163% |
| Recurring financial charges | 65 | €586 | €1,539 | +€953 | +163% |
| Profit (loss) for the period before taxes | 9903 | €70,511 | €34,824 | -€35,687 | -50.6% |
| Income taxes | 67/77 | €13,990 | €9,607 | -€4,383 | -31.3% |
| Profit (loss) for the period | 9904 | €56,521 | €25,217 | -€31,304 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,521 | €25,217 | -€31,304 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.