PDL CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€30,805
up €30,805 (+61.1%), from €50,394 to €81,199
of which Trade receivables: +€36,300
- Cash +€29,289
up €29,289 (+195.1%), from €15,013 to €44,302
mainly Net result for the year (+€75,028) and Other debts (+€64,446)
- Tangible fixed assets -€1,942
down €1,942 (-100.0%), from €1,942 to €0
- Other debts +€64,446
up €64,446 (+282.8%), from €22,787 to €87,233
- Profit (loss) carried forward -€30,007
no longer reported in 2025 (was €30,007)
- Tax, wage and social debts +€17,717
up €17,717 (+137.4%), from €12,890 to €30,607
- Trade debts +€5,812
up €5,812 (+585.5%), from €993 to €6,804
- Gross operating margin +€38,988
up €38,988 (+65.3%), from €59,662 to €98,650
- Taxes +€7,474
up €7,474 (+57.4%), from €13,021 to €20,495
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 | €67,676 | €125,645 | +€57,969 | +85.7% |
| Fixed assets | 21/28 | €1,942 | €0 | -€1,942 | -100.0% |
| Tangible fixed assets | 22/27 | €1,942 | €0 | -€1,942 | -100.0% |
| Furniture and vehicles | 24 | €1,942 | €0 | -€1,942 | -100.0% |
| Current assets | 29/58 | €65,734 | €125,645 | +€59,911 | +91.1% |
| Amounts receivable within one year | 40/41 | €50,394 | €81,199 | +€30,805 | +61.1% |
| Trade receivables | 40 | €36,300 | €72,600 | +€36,300 | +100.0% |
| Other amounts receivable | 41 | €14,094 | €8,599 | -€5,495 | -39.0% |
| Cash at bank and in hand | 54/58 | €15,013 | €44,302 | +€29,289 | +195.1% |
| Deferred charges and accrued income | 490/1 | €327 | €144 | -€183 | -56.0% |
| Total equity and liabilities | 10/49 | €67,676 | €125,645 | +€57,969 | +85.7% |
| Equity | 10/15 | €31,007 | €1,000 | -€30,007 | -96.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,007 | - | -€30,007 | |
| Amounts payable | 17/49 | €36,670 | €124,645 | +€87,975 | +239.9% |
| Amounts payable within one year | 42/48 | €36,670 | €124,645 | +€87,975 | +239.9% |
| Trade debts | 44 | €993 | €6,804 | +€5,812 | +585.5% |
| Suppliers | 440/4 | €993 | €6,804 | +€5,812 | +585.5% |
| Taxes, remuneration and social security | 45 | €12,890 | €30,607 | +€17,717 | +137.4% |
| Taxes | 450/3 | €12,890 | €30,607 | +€17,717 | +137.4% |
| Other amounts payable | 47/48 | €22,787 | €87,233 | +€64,446 | +282.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,528 | €1,942 | -€586 | -23.2% |
| Other operating charges | 640/8 | €511 | €928 | +€417 | +81.5% |
| Gross operating margin | 9900 | €59,662 | €98,650 | +€38,988 | +65.3% |
| Operating profit (loss) | 9901 | €56,622 | €95,780 | +€39,157 | +69.2% |
| Financial charges | 65/66B | €304 | €257 | -€47 | -15.5% |
| Recurring financial charges | 65 | €304 | €257 | -€47 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €56,319 | €95,523 | +€39,204 | +69.6% |
| Income taxes | 67/77 | €13,021 | €20,495 | +€7,474 | +57.4% |
| Profit (loss) for the period | 9904 | €43,297 | €75,028 | +€31,730 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,297 | €75,028 | +€31,730 | +73.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.