PDH: 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.
PDH
Largest movements
- Tangible fixed assets -€31,742
down €31,742 (-12.6%), from €252,547 to €220,805
of which Leasing and similar rights: -€20,497
- Cash +€8,838
up €8,838 (+81.0%), from €10,910 to €19,748
mainly Depreciation (+€37,612) and Receivables within one year (+€3,369)
- Receivables within one year -€3,369
down €3,369 (-26.5%), from €12,698 to €9,329
of which Other amounts receivable: -€2,572
- Debts after one year -€25,271
down €25,271 (-13.4%), from €188,338 to €163,067
- Gross operating margin +€6,851
up €6,851 (+17.8%), from €38,392 to €45,243
- Taxes +€1,281
up €1,281 (+138.0%), from €928 to €2,210
- Depreciation +€600
up €600 (+1.6%), from €37,012 to €37,612
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 | €276,331 | €249,881 | -€26,450 | -9.6% |
| Fixed assets | 21/28 | €252,547 | €220,805 | -€31,742 | -12.6% |
| Tangible fixed assets | 22/27 | €252,547 | €220,805 | -€31,742 | -12.6% |
| Plant, machinery and equipment | 23 | €9,089 | €7,782 | -€1,306 | -14.4% |
| Furniture and vehicles | 24 | €29,349 | €20,285 | -€9,064 | -30.9% |
| Leasing and similar rights | 25 | €189,596 | €169,099 | -€20,497 | -10.8% |
| Other tangible fixed assets | 26 | €24,513 | €23,638 | -€875 | -3.6% |
| Current assets | 29/58 | €23,785 | €29,077 | +€5,292 | +22.3% |
| Amounts receivable within one year | 40/41 | €12,698 | €9,329 | -€3,369 | -26.5% |
| Trade receivables | 40 | €9,987 | €9,189 | -€798 | -8.0% |
| Other amounts receivable | 41 | €2,712 | €140 | -€2,572 | -94.8% |
| Cash at bank and in hand | 54/58 | €10,910 | €19,748 | +€8,838 | +81.0% |
| Deferred charges and accrued income | 490/1 | €176 | - | -€176 | |
| Total equity and liabilities | 10/49 | €276,331 | €249,881 | -€26,450 | -9.6% |
| Equity | 10/15 | €37,695 | €36,989 | -€706 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,095 | €18,389 | -€706 | -3.7% |
| Distributable reserves | 133 | €19,095 | €18,389 | -€706 | -3.7% |
| Amounts payable | 17/49 | €238,636 | €212,893 | -€25,744 | -10.8% |
| Amounts payable after more than one year | 17 | €188,338 | €163,067 | -€25,271 | -13.4% |
| Financial debts | 170/4 | €188,338 | €163,067 | -€25,271 | -13.4% |
| Amounts payable within one year | 42/48 | €50,298 | €49,826 | -€472 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €24,668 | €25,271 | +€603 | +2.4% |
| Trade debts | 44 | €1,672 | €1,006 | -€666 | -39.8% |
| Suppliers | 440/4 | €1,672 | €1,006 | -€666 | -39.8% |
| Taxes, remuneration and social security | 45 | €2,404 | €2,180 | -€224 | -9.3% |
| Taxes | 450/3 | €2,404 | €2,180 | -€224 | -9.3% |
| Other amounts payable | 47/48 | €21,554 | €21,368 | -€185 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,012 | €37,612 | +€600 | +1.6% |
| Other operating charges | 640/8 | €852 | €545 | -€307 | -36.0% |
| Gross operating margin | 9900 | €38,392 | €45,243 | +€6,851 | +17.8% |
| Operating profit (loss) | 9901 | €528 | €7,086 | +€6,558 | +1242.0% |
| Financial income | 75/76B | €2 | €1 | -€1 | -46.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -46.7% |
| Financial charges | 65/66B | €5,888 | €5,584 | -€304 | -5.2% |
| Recurring financial charges | 65 | €5,888 | €5,584 | -€304 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,358 | €1,503 | +€6,861 | |
| Income taxes | 67/77 | €928 | €2,210 | +€1,281 | +138.0% |
| Profit (loss) for the period | 9904 | -€6,286 | -€706 | +€5,580 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,286 | -€706 | +€5,580 | +88.8% |
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 9 October 2026 via checked.be.