PDK: what changed
Two fiscal 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.
PDK
Largest movements
- Tangible fixed assets +€367,772
up €367,772 (+40.2%), from €914,233 to €1.3m
of which Land and buildings: +€327,688
- Receivables within one year +€48,593
up €48,593 (+85.1%), from €57,103 to €105,696
of which Other amounts receivable: +€36,019
- Intangible fixed assets -€36,515
down €36,515 (-20.7%), from €176,504 to €139,990
- Cash -€28,055
down €28,055 (-83.8%), from €33,476 to €5,421
mainly Investment in fixed assets (net) (-€436,684) and Receivables within one year (-€48,593)
- Debts after one year +€233,218
up €233,218 (+25.6%), from €912,354 to €1.1m
- Current portion of long-term debt +€125,310
up €125,310 (+252.0%), from €49,720 to €175,030
- Other debts -€42,293
no longer reported in 2024 (was €42,293)
- Trade debts +€39,625
up €39,625 (+90.1%), from €43,983 to €83,608
- Gross operating margin -€99,803
down €99,803 (-37.7%), from €264,691 to €164,888
- Other operating charges -€93,538
down €93,538 (-90.3%), from €103,622 to €10,084
- Depreciation +€25,836
up €25,836 (+32.5%), from €79,591 to €105,427
- Financial charges +€16,220
up €16,220 (+81.6%), from €19,867 to €36,088
- Staff costs -€4,173
down €4,173 (-30.4%), from €13,729 to €9,555
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,803 | €1,534,212 | +€351,409 | +29.7% |
| Fixed assets | 21/28 | €1,091,837 | €1,423,095 | +€331,258 | +30.3% |
| Intangible fixed assets | 21 | €176,504 | €139,990 | -€36,515 | -20.7% |
| Tangible fixed assets | 22/27 | €914,233 | €1,282,006 | +€367,772 | +40.2% |
| Land and buildings | 22 | €853,684 | €1,181,372 | +€327,688 | +38.4% |
| Plant, machinery and equipment | 23 | €41,487 | €30,117 | -€11,370 | -27.4% |
| Furniture and vehicles | 24 | €19,062 | €70,517 | +€51,454 | +269.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €90,966 | €111,117 | +€20,151 | +22.2% |
| Amounts receivable within one year | 40/41 | €57,103 | €105,696 | +€48,593 | +85.1% |
| Trade receivables | 40 | €46,543 | €59,117 | +€12,574 | +27.0% |
| Other amounts receivable | 41 | €10,560 | €46,579 | +€36,019 | +341.1% |
| Cash at bank and in hand | 54/58 | €33,476 | €5,421 | -€28,055 | -83.8% |
| Deferred charges and accrued income | 490/1 | €387 | - | -€387 | |
| Total equity and liabilities | 10/49 | €1,182,803 | €1,534,212 | +€351,409 | +29.7% |
| Equity | 10/15 | €121,711 | €125,635 | +€3,924 | +3.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,711 | €120,635 | +€3,924 | +3.4% |
| Distributable reserves | 133 | €116,711 | €120,635 | +€3,924 | +3.4% |
| Amounts payable | 17/49 | €1,061,092 | €1,408,577 | +€347,485 | +32.7% |
| Amounts payable after more than one year | 17 | €912,354 | €1,145,572 | +€233,218 | +25.6% |
| Financial debts | 170/4 | €912,354 | €1,145,572 | +€233,218 | +25.6% |
| Amounts payable within one year | 42/48 | €148,738 | €262,081 | +€113,342 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €49,720 | €175,030 | +€125,310 | +252.0% |
| Trade debts | 44 | €43,983 | €83,608 | +€39,625 | +90.1% |
| Suppliers | 440/4 | €43,983 | €83,608 | +€39,625 | +90.1% |
| Taxes, remuneration and social security | 45 | €12,742 | €3,443 | -€9,299 | -73.0% |
| Taxes | 450/3 | €12,742 | €3,443 | -€9,299 | -73.0% |
| Other amounts payable | 47/48 | €42,293 | - | -€42,293 | |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Remuneration, social security and pensions | 62 | €13,729 | €9,555 | -€4,173 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,591 | €105,427 | +€25,836 | +32.5% |
| Other operating charges | 640/8 | €103,622 | €10,084 | -€93,538 | -90.3% |
| Non-recurring operating charges | 66A | €13,193 | - | -€13,193 | |
| Gross operating margin | 9900 | €264,691 | €164,888 | -€99,803 | -37.7% |
| Operating profit (loss) | 9901 | €54,556 | €39,822 | -€14,734 | -27.0% |
| Financial income | 75/76B | - | €3,632 | +€3,632 | |
| Recurring financial income | 75 | - | €3,632 | +€3,632 | |
| Non-recurring financial income | 76B | - | €3,632 | +€3,632 | |
| Financial charges | 65/66B | €19,867 | €36,088 | +€16,220 | +81.6% |
| Recurring financial charges | 65 | €19,867 | €36,088 | +€16,220 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €34,688 | €7,366 | -€27,322 | -78.8% |
| Income taxes | 67/77 | €6,756 | €3,443 | -€3,313 | -49.0% |
| Profit (loss) for the period | 9904 | €27,933 | €3,924 | -€24,009 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,933 | €3,924 | -€24,009 | -86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.