PDM hOLDING: 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 hOLDING
Largest movements
- Stocks and contracts -€322,107
down €322,107 (-77.6%), from €415,273 to €93,166
- Receivables within one year -€19,667
down €19,667 (-15.2%), from €129,556 to €109,889
of which Trade receivables: -€12,493
- Deferred charges and accrued income +€18,155
up €18,155 (+426%), from €4,258 to €22,413
- Cash -€7,859
down €7,859 (-19.9%), from €39,553 to €31,695
mainly Debts after one year (-€225,340) and Contributions, distributions and other (-€147,259)
- Debts after one year -€225,340
down €225,340 (-100%), from €225,340 to €0
- Reserves -€161,200
down €161,200 (-44.8%), from €360,004 to €198,803
of which Distributable reserves: -€161,200
- Other debts +€59,154
up €59,154 (+2,631%), from €2,248 to €61,403
- Financial charges +€21,404
up €21,404 (+1,942%), from €1,102 to €22,506
- Gross operating margin -€1,357
down €1,357 (-11.6%), from €11,684 to €10,328
- Taxes -€1,306
down €1,306 (-90.8%), from €1,438 to €132
- Depreciation -€1,134
down €1,134 (-65.5%), from €1,730 to €597
- Other operating charges -€368
down €368 (-23.2%), from €1,588 to €1,220
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 | €625,112 | €293,038 | -€332,074 | -53.1% |
| Fixed assets | 21/28 | €36,472 | €35,875 | -€597 | -1.6% |
| Tangible fixed assets | 22/27 | €36,472 | €35,875 | -€597 | -1.6% |
| Land and buildings | 22 | €35,000 | €35,000 | = | 0.0% |
| Furniture and vehicles | 24 | €1,472 | €875 | -€597 | -40.5% |
| Current assets | 29/58 | €588,641 | €257,163 | -€331,477 | -56.3% |
| Stocks and contracts in progress | 3 | €415,273 | €93,166 | -€322,107 | -77.6% |
| Stocks | 30/36 | €415,273 | €93,166 | -€322,107 | -77.6% |
| Amounts receivable within one year | 40/41 | €129,556 | €109,889 | -€19,667 | -15.2% |
| Trade receivables | 40 | €21,461 | €8,968 | -€12,493 | -58.2% |
| Other amounts receivable | 41 | €108,095 | €100,921 | -€7,174 | -6.6% |
| Cash at bank and in hand | 54/58 | €39,553 | €31,695 | -€7,859 | -19.9% |
| Deferred charges and accrued income | 490/1 | €4,258 | €22,413 | +€18,155 | +426% |
| Total equity and liabilities | 10/49 | €625,112 | €293,038 | -€332,074 | -53.1% |
| Equity | 10/15 | €372,404 | €211,203 | -€161,200 | -43.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €360,004 | €198,803 | -€161,200 | -44.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €358,144 | €196,943 | -€161,200 | -45.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €252,709 | €81,835 | -€170,874 | -67.6% |
| Amounts payable after more than one year | 17 | €225,340 | €0 | -€225,340 | -100% |
| Financial debts | 170/4 | €225,340 | €0 | -€225,340 | -100% |
| Amounts payable within one year | 42/48 | €27,369 | €81,835 | +€54,466 | +199% |
| Current portion of amounts payable after more than one year | 42 | €6,324 | €6,422 | +€98 | +1.5% |
| Financial debts | 43 | €960 | €263 | -€697 | -72.6% |
| Credit institutions | 430/8 | €960 | €263 | -€697 | -72.6% |
| Trade debts | 44 | €8,442 | €3,996 | -€4,446 | -52.7% |
| Suppliers | 440/4 | €8,442 | €3,996 | -€4,446 | -52.7% |
| Taxes, remuneration and social security | 45 | €9,395 | €9,752 | +€357 | +3.8% |
| Taxes | 450/3 | €9,395 | €9,752 | +€357 | +3.8% |
| Other amounts payable | 47/48 | €2,248 | €61,403 | +€59,154 | +2,631% |
| Non-recurring operating income | 76A | - | €11,296 | +€11,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,730 | €597 | -€1,134 | -65.5% |
| Other operating charges | 640/8 | €1,588 | €1,220 | -€368 | -23.2% |
| Gross operating margin | 9900 | €11,684 | €10,328 | -€1,357 | -11.6% |
| Operating profit (loss) | 9901 | €8,366 | €8,511 | +€145 | +1.7% |
| Financial income | 75/76B | €123 | €186 | +€64 | +51.7% |
| Recurring financial income | 75 | €123 | €186 | +€64 | +51.7% |
| Financial charges | 65/66B | €1,102 | €22,506 | +€21,404 | +1,942% |
| Recurring financial charges | 65 | €1,102 | €22,506 | +€21,404 | +1,942% |
| Profit (loss) for the period before taxes | 9903 | €7,386 | -€13,809 | -€21,195 | |
| Income taxes | 67/77 | €1,438 | €132 | -€1,306 | -90.8% |
| Profit (loss) for the period | 9904 | €5,948 | -€13,941 | -€19,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,948 | -€13,941 | -€19,889 |
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 14 October 2026 via checked.be.