PDL: 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.
PDL
Largest movements
- Receivables within one year -€44,753
down €44,753 (-8.8%), from €507,843 to €463,090
of which Trade receivables: -€62,593
- Cash +€7,514
up €7,514 (+73.4%), from €10,244 to €17,758
mainly Receivables within one year (+€44,753) and Net result for the year (+€4,786)
- Trade debts -€37,769
down €37,769 (-6.9%), from €544,976 to €507,207
- Gross operating margin +€35,462
up €35,462, from -€34,252 to €1,210
- Depreciation -€1,843
down €1,843 (-100.0%), from €1,843 to €0
- Financial income +€1,600
up €1,600 (+26.6%), from €6,021 to €7,620
- Financial charges +€1,399
up €1,399 (+296.4%), from €472 to €1,870
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 | €626,605 | €592,560 | -€34,045 | -5.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €626,605 | €592,560 | -€34,045 | -5.4% |
| Amounts receivable after more than one year | 29 | €98,074 | €101,057 | +€2,983 | +3.0% |
| Other amounts receivable | 291 | €98,074 | €101,057 | +€2,983 | +3.0% |
| Amounts receivable within one year | 40/41 | €507,843 | €463,090 | -€44,753 | -8.8% |
| Trade receivables | 40 | €437,862 | €375,270 | -€62,593 | -14.3% |
| Other amounts receivable | 41 | €69,980 | €87,820 | +€17,840 | +25.5% |
| Cash at bank and in hand | 54/58 | €10,244 | €17,758 | +€7,514 | +73.4% |
| Deferred charges and accrued income | 490/1 | €10,444 | €10,655 | +€210 | +2.0% |
| Total equity and liabilities | 10/49 | €626,605 | €592,560 | -€34,045 | -5.4% |
| Equity | 10/15 | €64,563 | €69,348 | +€4,786 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,363 | €63,148 | +€4,786 | +8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €58,363 | €63,148 | +€4,786 | +8.2% |
| Amounts payable | 17/49 | €562,042 | €523,211 | -€38,831 | -6.9% |
| Amounts payable within one year | 42/48 | €561,667 | €522,961 | -€38,706 | -6.9% |
| Financial debts | 43 | €1,605 | €4,115 | +€2,510 | +156.4% |
| Credit institutions | 430/8 | €1,605 | €4,115 | +€2,510 | +156.4% |
| Trade debts | 44 | €544,976 | €507,207 | -€37,769 | -6.9% |
| Suppliers | 440/4 | €544,976 | €507,207 | -€37,769 | -6.9% |
| Taxes, remuneration and social security | 45 | €15,086 | €11,639 | -€3,447 | -22.9% |
| Taxes | 450/3 | €4,211 | €4,764 | +€553 | +13.1% |
| Remuneration and social security | 454/9 | €10,875 | €6,875 | -€4,000 | -36.8% |
| Accrued charges and deferred income | 492/3 | €375 | €250 | -€125 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €0 | -€1,843 | -100.0% |
| Other operating charges | 640/8 | €2,008 | €1,897 | -€112 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€34,252 | €1,210 | +€35,462 | |
| Operating profit (loss) | 9901 | -€38,104 | -€687 | +€37,417 | +98.2% |
| Financial income | 75/76B | €6,021 | €7,620 | +€1,600 | +26.6% |
| Recurring financial income | 75 | €6,021 | €7,620 | +€1,600 | +26.6% |
| Financial charges | 65/66B | €472 | €1,870 | +€1,399 | +296.4% |
| Recurring financial charges | 65 | €472 | €1,870 | +€1,399 | +296.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,555 | €5,063 | +€37,618 | |
| Income taxes | 67/77 | €272 | €277 | +€5 | +1.8% |
| Profit (loss) for the period | 9904 | -€32,827 | €4,786 | +€37,613 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,827 | €4,786 | +€37,613 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.