PDPM: 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.
PDPM
Largest movements
- Receivables within one year -€4,176
down €4,176 (-93.1%), from €4,484 to €308
of which Other amounts receivable: -€2,622
- Tangible fixed assets -€3,216
down €3,216 (-40.7%), from €7,904 to €4,688
of which Furniture and vehicles: -€3,657
- Deferred charges and accrued income +€368
up €368 (+34.3%), from €1,074 to €1,442
- Profit (loss) carried forward -€9,686
down €9,686 (-129.7%), from -€7,466 to -€17,152
- Other debts +€6,002
new in 2025: €6,002
- Debts after one year -€4,298
down €4,298 (-43.4%), from €9,899 to €5,601
- Current portion of long-term debt +€2,947
new in 2025: €2,947
- Tax, wage and social debts -€1,716
down €1,716 (-58.8%), from €2,916 to €1,200
- Depreciation +€947
up €947 (+26.5%), from €3,573 to €4,520
- Gross operating margin -€714
down €714 (-22.2%), from -€3,209 to -€3,923
- Financial charges +€440
up €440 (+71.4%), from €616 to €1,056
- Financial income -€114
no longer reported in 2025 (was €114)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,482 | €7,458 | -€7,024 | -48.5% |
| Fixed assets | 21/28 | €8,924 | €5,708 | -€3,216 | -36.0% |
| Tangible fixed assets | 22/27 | €7,904 | €4,688 | -€3,216 | -40.7% |
| Plant, machinery and equipment | 23 | €1,530 | €1,971 | +€441 | +28.8% |
| Furniture and vehicles | 24 | €6,374 | €2,718 | -€3,657 | -57.4% |
| Financial fixed assets | 28 | €1,020 | €1,020 | = | 0.0% |
| Current assets | 29/58 | €5,557 | €1,750 | -€3,808 | -68.5% |
| Amounts receivable within one year | 40/41 | €4,484 | €308 | -€4,176 | -93.1% |
| Trade receivables | 40 | €1,554 | - | -€1,554 | |
| Other amounts receivable | 41 | €2,930 | €308 | -€2,622 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,074 | €1,442 | +€368 | +34.3% |
| Total equity and liabilities | 10/49 | €14,482 | €7,458 | -€7,024 | -48.5% |
| Equity | 10/15 | -€2,037 | -€11,723 | -€9,686 | -475.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €3,929 | €3,929 | = | 0.0% |
| Distributable reserves | 133 | €3,929 | €3,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,466 | -€17,152 | -€9,686 | -129.7% |
| Amounts payable | 17/49 | €16,518 | €19,181 | +€2,662 | +16.1% |
| Amounts payable after more than one year | 17 | €9,899 | €5,601 | -€4,298 | -43.4% |
| Financial debts | 170/4 | €9,899 | €5,601 | -€4,298 | -43.4% |
| Amounts payable within one year | 42/48 | €6,619 | €13,579 | +€6,960 | +105.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,947 | +€2,947 | |
| Financial debts | 43 | €3,642 | €3,414 | -€228 | -6.3% |
| Credit institutions | 430/8 | €3,642 | €3,414 | -€228 | -6.3% |
| Trade debts | 44 | €61 | €16 | -€45 | -73.3% |
| Suppliers | 440/4 | €61 | €16 | -€45 | -73.3% |
| Taxes, remuneration and social security | 45 | €2,916 | €1,200 | -€1,716 | -58.8% |
| Taxes | 450/3 | €2,916 | €1,200 | -€1,716 | -58.8% |
| Other amounts payable | 47/48 | - | €6,002 | +€6,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €4,520 | +€947 | +26.5% |
| Other operating charges | 640/8 | €183 | €187 | +€5 | +2.5% |
| Gross operating margin | 9900 | -€3,209 | -€3,923 | -€714 | -22.2% |
| Operating profit (loss) | 9901 | -€6,964 | -€8,630 | -€1,666 | -23.9% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €616 | €1,056 | +€440 | +71.4% |
| Recurring financial charges | 65 | €616 | €1,056 | +€440 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,466 | -€9,686 | -€2,220 | -29.7% |
| Profit (loss) for the period | 9904 | -€7,466 | -€9,686 | -€2,220 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,466 | -€9,686 | -€2,220 | -29.7% |
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 28 September 2026 via checked.be.