PDM OPTICS: 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.
PDM OPTICS
Largest movements
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Cash +€77,113
up €77,113 (+2285.2%), from €3,374 to €80,488
mainly Net result for the year (+€334,848) and Current investments (+€90,000)
- Tangible fixed assets -€48,324
down €48,324 (-4.6%), from €1.1m to €1.0m
of which Land and buildings: -€28,242
- Stocks and contracts +€28,625
up €28,625 (+52.0%), from €55,088 to €83,713
- Debts after one year -€79,206
down €79,206 (-14.4%), from €549,583 to €470,377
- Short-term financial debts -€65,895
down €65,895 (-99.2%), from €66,421 to €526
of which Credit institutions: -€66,421
- Other debts +€62,500
up €62,500 (+26.3%), from €237,500 to €300,000
- Current portion of long-term debt +€54,665
up €54,665 (+70.2%), from €77,820 to €132,485
- Reserves +€34,500
up €34,500 (+21.1%), from €163,745 to €198,245
of which Distributable reserves: +€34,500
- Staff costs -€47,193
down €47,193 (-29.6%), from €159,562 to €112,369
- Depreciation +€8,518
up €8,518 (+13.5%), from €62,929 to €71,448
- Gross operating margin +€7,768
up €7,768 (+1.4%), from €569,389 to €577,156
- Taxes +€6,667
up €6,667 (+47.8%), from €13,951 to €20,618
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 | €1,431,729 | €1,392,679 | -€39,050 | -2.7% |
| Fixed assets | 21/28 | €1,053,199 | €1,004,875 | -€48,324 | -4.6% |
| Tangible fixed assets | 22/27 | €1,053,199 | €1,004,875 | -€48,324 | -4.6% |
| Land and buildings | 22 | €779,108 | €750,866 | -€28,242 | -3.6% |
| Plant, machinery and equipment | 23 | €27,519 | €20,142 | -€7,377 | -26.8% |
| Furniture and vehicles | 24 | €70,318 | €48,844 | -€21,474 | -30.5% |
| Other tangible fixed assets | 26 | €176,254 | €185,023 | +€8,769 | +5.0% |
| Current assets | 29/58 | €378,530 | €387,803 | +€9,274 | +2.4% |
| Stocks and contracts in progress | 3 | €55,088 | €83,713 | +€28,625 | +52.0% |
| Stocks | 30/36 | €55,088 | €83,713 | +€28,625 | +52.0% |
| Amounts receivable within one year | 40/41 | €216,256 | €211,116 | -€5,141 | -2.4% |
| Trade receivables | 40 | €33,986 | €197 | -€33,789 | -99.4% |
| Other amounts receivable | 41 | €182,270 | €210,919 | +€28,648 | +15.7% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,374 | €80,488 | +€77,113 | +2285.2% |
| Deferred charges and accrued income | 490/1 | €13,811 | €12,487 | -€1,324 | -9.6% |
| Total equity and liabilities | 10/49 | €1,431,729 | €1,392,679 | -€39,050 | -2.7% |
| Equity | 10/15 | €365,136 | €399,984 | +€34,848 | +9.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €163,745 | €198,245 | +€34,500 | +21.1% |
| Tax-exempt reserves | 132 | €13,179 | €13,179 | = | 0.0% |
| Distributable reserves | 133 | €150,566 | €185,066 | +€34,500 | +22.9% |
| Profit (loss) carried forward | 14 | €181,390 | €181,738 | +€348 | +0.2% |
| Amounts payable | 17/49 | €1,066,593 | €992,695 | -€73,898 | -6.9% |
| Amounts payable after more than one year | 17 | €549,583 | €470,377 | -€79,206 | -14.4% |
| Financial debts | 170/4 | €549,583 | €470,377 | -€79,206 | -14.4% |
| Amounts payable within one year | 42/48 | €481,934 | €497,917 | +€15,984 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €77,820 | €132,485 | +€54,665 | +70.2% |
| Financial debts | 43 | €66,421 | €526 | -€65,895 | -99.2% |
| Credit institutions | 430/8 | €66,421 | €0 | -€66,421 | -100.0% |
| Other loans | 439 | - | €526 | +€526 | |
| Trade debts | 44 | €57,945 | €36,324 | -€21,621 | -37.3% |
| Suppliers | 440/4 | €57,945 | €36,324 | -€21,621 | -37.3% |
| Advances received on contracts in progress | 46 | €3,307 | €0 | -€3,307 | -100.0% |
| Taxes, remuneration and social security | 45 | €38,941 | €28,583 | -€10,358 | -26.6% |
| Taxes | 450/3 | €27,752 | €24,142 | -€3,609 | -13.0% |
| Remuneration and social security | 454/9 | €11,189 | €4,440 | -€6,749 | -60.3% |
| Other amounts payable | 47/48 | €237,500 | €300,000 | +€62,500 | +26.3% |
| Accrued charges and deferred income | 492/3 | €35,077 | €24,401 | -€10,676 | -30.4% |
| Non-recurring operating income | 76A | €19,689 | €0 | -€19,689 | -100.0% |
| Remuneration, social security and pensions | 62 | €159,562 | €112,369 | -€47,193 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,929 | €71,448 | +€8,518 | +13.5% |
| Other operating charges | 640/8 | €5,982 | €7,100 | +€1,118 | +18.7% |
| Non-recurring operating charges | 66A | €17,772 | €3,576 | -€14,196 | -79.9% |
| Gross operating margin | 9900 | €569,389 | €577,156 | +€7,768 | +1.4% |
| Operating profit (loss) | 9901 | €323,143 | €382,664 | +€59,521 | +18.4% |
| Financial income | 75/76B | €5,747 | €5,109 | -€638 | -11.1% |
| Recurring financial income | 75 | €5,747 | €5,109 | -€638 | -11.1% |
| Financial charges | 65/66B | €33,698 | €32,308 | -€1,391 | -4.1% |
| Recurring financial charges | 65 | €33,698 | €32,308 | -€1,391 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €295,192 | €355,465 | +€60,274 | +20.4% |
| Income taxes | 67/77 | €13,951 | €20,618 | +€6,667 | +47.8% |
| Profit (loss) for the period | 9904 | €281,241 | €334,848 | +€53,607 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,241 | €334,848 | +€53,607 | +19.1% |
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 5 October 2026 via checked.be.