PDM ADVICE & 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.
PDM ADVICE & MANAGEMENT
Largest movements
- Receivables within one year +€57,923
up €57,923 (+72.4%), from €79,968 to €137,891
of which Trade receivables: +€57,923
- Tangible fixed assets -€35,276
down €35,276 (-5.3%), from €664,883 to €629,607
of which Land and buildings: -€52,243
- Cash -€17,497
down €17,497 (-52.8%), from €33,169 to €15,672
mainly Receivables within one year (-€57,923) and Investment in fixed assets (net) (-€39,839)
- Debts after one year -€11,064
down €11,064 (-9.6%), from €115,745 to €104,681
- Trade debts +€10,662
up €10,662 (+119%), from €8,952 to €19,614
- Gross operating margin +€41,965
up €41,965 (+25.2%), from €166,263 to €208,227
- Staff costs +€12,410
up €12,410 (+14.0%), from €88,591 to €101,001
- Depreciation +€7,845
up €7,845 (+11.7%), from €67,270 to €75,115
- Taxes +€6,046
up €6,046 (+973%), from €622 to €6,668
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 | €887,325 | €888,563 | +€1,238 | +0.1% |
| Fixed assets | 21/28 | €685,305 | €650,029 | -€35,276 | -5.1% |
| Intangible fixed assets | 21 | €20,000 | €20,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €664,883 | €629,607 | -€35,276 | -5.3% |
| Land and buildings | 22 | €595,570 | €543,327 | -€52,243 | -8.8% |
| Plant, machinery and equipment | 23 | €27,272 | €25,140 | -€2,132 | -7.8% |
| Furniture and vehicles | 24 | €42,041 | €61,140 | +€19,098 | +45.4% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €202,020 | €238,534 | +€36,514 | +18.1% |
| Stocks and contracts in progress | 3 | €14,137 | €10,220 | -€3,917 | -27.7% |
| Stocks | 30/36 | €14,137 | €10,220 | -€3,917 | -27.7% |
| Amounts receivable within one year | 40/41 | €79,968 | €137,891 | +€57,923 | +72.4% |
| Trade receivables | 40 | €24,890 | €82,813 | +€57,923 | +233% |
| Other amounts receivable | 41 | €55,078 | €55,078 | = | 0.0% |
| Current investments | 50/53 | €74,004 | €74,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,169 | €15,672 | -€17,497 | -52.8% |
| Deferred charges and accrued income | 490/1 | €741 | €746 | +€5 | +0.7% |
| Total equity and liabilities | 10/49 | €887,325 | €888,563 | +€1,238 | +0.1% |
| Equity | 10/15 | €615,993 | €616,572 | +€579 | +0.1% |
| Contributions | 10/11 | €201,500 | €201,500 | = | 0.0% |
| Capital | 10 | €201,500 | €201,500 | = | 0.0% |
| Issued capital | 100 | €201,500 | €201,500 | = | 0.0% |
| Reserves | 13 | €212,450 | €212,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,043 | €202,622 | +€579 | +0.3% |
| Amounts payable | 17/49 | €271,333 | €271,991 | +€658 | +0.2% |
| Amounts payable after more than one year | 17 | €115,745 | €104,681 | -€11,064 | -9.6% |
| Financial debts | 170/4 | €115,745 | €104,681 | -€11,064 | -9.6% |
| Amounts payable within one year | 42/48 | €155,313 | €167,310 | +€11,997 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,934 | €11,064 | +€130 | +1.2% |
| Trade debts | 44 | €8,952 | €19,614 | +€10,662 | +119% |
| Suppliers | 440/4 | €8,952 | €19,614 | +€10,662 | +119% |
| Taxes, remuneration and social security | 45 | €17,094 | €11,898 | -€5,196 | -30.4% |
| Taxes | 450/3 | €8,917 | €3,080 | -€5,837 | -65.5% |
| Remuneration and social security | 454/9 | €8,177 | €8,818 | +€641 | +7.8% |
| Other amounts payable | 47/48 | €118,334 | €124,734 | +€6,401 | +5.4% |
| Accrued charges and deferred income | 492/3 | €274 | - | -€274 | |
| Remuneration, social security and pensions | 62 | €88,591 | €101,001 | +€12,410 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,270 | €75,115 | +€7,845 | +11.7% |
| Other operating charges | 640/8 | €14,643 | €15,002 | +€359 | +2.4% |
| Gross operating margin | 9900 | €166,263 | €208,227 | +€41,965 | +25.2% |
| Operating profit (loss) | 9901 | -€4,241 | €17,110 | +€21,351 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300% |
| Financial charges | 65/66B | €10,592 | €9,863 | -€729 | -6.9% |
| Recurring financial charges | 65 | €10,592 | €9,863 | -€729 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,833 | €7,247 | +€22,080 | |
| Income taxes | 67/77 | €622 | €6,668 | +€6,046 | +973% |
| Profit (loss) for the period | 9904 | -€15,455 | €579 | +€16,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,455 | €579 | +€16,034 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.