PDM Consulting: 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 Consulting
Largest movements
- Receivables within one year +€77,368
up €77,368 (+447.4%), from €17,294 to €94,661
of which Trade receivables: +€63,059
- Cash -€71,629
down €71,629 (-25.2%), from €284,073 to €212,444
mainly Investment in fixed assets (net) (-€78,474) and Receivables within one year (-€77,368)
- Current investments +€52,500
new in 2025: €52,500
- Tangible fixed assets +€41,138
up €41,138 (+41.6%), from €98,807 to €139,946
of which Furniture and vehicles: +€25,995
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€98,132
up €98,132 (+42.1%), from €233,000 to €331,132
- Trade debts -€12,557
down €12,557 (-73.6%), from €17,051 to €4,494
- Debts after one year +€12,424
up €12,424 (+20.7%), from €60,127 to €72,551
- Current portion of long-term debt +€11,561
up €11,561 (+76.8%), from €15,051 to €26,612
- Gross operating margin +€40,277
up €40,277 (+30.7%), from €131,287 to €171,564
- Depreciation +€17,392
up €17,392 (+174.9%), from €9,943 to €27,335
- Taxes +€7,743
up €7,743 (+21.7%), from €35,665 to €43,408
- Financial charges +€2,049
up €2,049 (+128.6%), from €1,593 to €3,643
- Financial income +€1,871
up €1,871 (+300.1%), from €623 to €2,494
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 | €400,174 | €509,551 | +€109,377 | +27.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €98,807 | €149,946 | +€51,138 | +51.8% |
| Tangible fixed assets | 22/27 | €98,807 | €139,946 | +€41,138 | +41.6% |
| Plant, machinery and equipment | 23 | €1,018 | €502 | -€516 | -50.7% |
| Furniture and vehicles | 24 | €83,446 | €109,441 | +€25,995 | +31.2% |
| Other tangible fixed assets | 26 | €14,344 | €30,003 | +€15,659 | +109.2% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €301,366 | €359,605 | +€58,239 | +19.3% |
| Amounts receivable within one year | 40/41 | €17,294 | €94,661 | +€77,368 | +447.4% |
| Trade receivables | 40 | - | €63,059 | +€63,059 | |
| Other amounts receivable | 41 | €17,294 | €31,602 | +€14,309 | +82.7% |
| Current investments | 50/53 | - | €52,500 | +€52,500 | |
| Cash at bank and in hand | 54/58 | €284,073 | €212,444 | -€71,629 | -25.2% |
| Total equity and liabilities | 10/49 | €400,174 | €509,551 | +€109,377 | +27.3% |
| Equity | 10/15 | €238,000 | €336,132 | +€98,132 | +41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €233,000 | €331,132 | +€98,132 | +42.1% |
| Distributable reserves | 133 | €233,000 | €331,132 | +€98,132 | +42.1% |
| Amounts payable | 17/49 | €162,174 | €173,419 | +€11,245 | +6.9% |
| Amounts payable after more than one year | 17 | €60,127 | €72,551 | +€12,424 | +20.7% |
| Financial debts | 170/4 | €60,127 | €72,551 | +€12,424 | +20.7% |
| Amounts payable within one year | 42/48 | €102,047 | €100,868 | -€1,179 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €15,051 | €26,612 | +€11,561 | +76.8% |
| Trade debts | 44 | €17,051 | €4,494 | -€12,557 | -73.6% |
| Suppliers | 440/4 | €17,051 | €4,494 | -€12,557 | -73.6% |
| Taxes, remuneration and social security | 45 | €69,945 | €68,310 | -€1,635 | -2.3% |
| Taxes | 450/3 | €69,945 | €68,310 | -€1,635 | -2.3% |
| Other amounts payable | 47/48 | €0 | €1,452 | +€1,452 | |
| Non-recurring operating income | 76A | €2,859 | - | -€2,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,943 | €27,335 | +€17,392 | +174.9% |
| Other operating charges | 640/8 | €1,060 | €1,540 | +€480 | +45.3% |
| Non-recurring operating charges | 66A | €2,025 | - | -€2,025 | |
| Gross operating margin | 9900 | €131,287 | €171,564 | +€40,277 | +30.7% |
| Operating profit (loss) | 9901 | €118,260 | €142,689 | +€24,430 | +20.7% |
| Financial income | 75/76B | €623 | €2,494 | +€1,871 | +300.1% |
| Recurring financial income | 75 | €623 | €2,494 | +€1,871 | +300.1% |
| Financial charges | 65/66B | €1,593 | €3,643 | +€2,049 | +128.6% |
| Recurring financial charges | 65 | €1,593 | €3,643 | +€2,049 | +128.6% |
| Profit (loss) for the period before taxes | 9903 | €117,290 | €141,540 | +€24,251 | +20.7% |
| Income taxes | 67/77 | €35,665 | €43,408 | +€7,743 | +21.7% |
| Profit (loss) for the period | 9904 | €81,624 | €98,132 | +€16,508 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,624 | €98,132 | +€16,508 | +20.2% |
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 10 October 2026 via checked.be.