PDR: 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.
PDR
Largest movements
- Tangible fixed assets -€12,687
down €12,687 (-32.5%), from €39,086 to €26,400
of which Furniture and vehicles: -€12,091
- Cash +€2,327
up €2,327 (+1.8%), from €126,637 to €128,964
mainly Net result for the year (+€13,715) and Depreciation (+€12,687)
- Other debts -€17,326
down €17,326 (-89.6%), from €19,334 to €2,008
- Reserves +€13,715
up €13,715 (+14.3%), from €96,031 to €109,746
of which Distributable reserves: +€13,715
- Trade debts -€8,516
down €8,516 (-86.2%), from €9,878 to €1,362
- Tax, wage and social debts -€5,483
down €5,483 (-62.7%), from €8,739 to €3,256
of which Taxes: -€3,403
- Debts after one year +€3,863
up €3,863 (+6.0%), from €64,716 to €68,579
of which Other amounts payable: +€18,945
- Gross operating margin +€2,418
up €2,418 (+6.4%), from €37,839 to €40,257
- Taxes +€842
up €842 (+15.1%), from €5,562 to €6,404
- Write-downs +€481
up €481 (+91.9%), from €523 to €1,003
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 | €216,145 | €203,033 | -€13,112 | -6.1% |
| Fixed assets | 21/28 | €39,086 | €26,400 | -€12,687 | -32.5% |
| Tangible fixed assets | 22/27 | €39,086 | €26,400 | -€12,687 | -32.5% |
| Furniture and vehicles | 24 | €36,107 | €24,016 | -€12,091 | -33.5% |
| Other tangible fixed assets | 26 | €2,979 | €2,383 | -€596 | -20.0% |
| Current assets | 29/58 | €177,059 | €176,633 | -€426 | -0.2% |
| Stocks and contracts in progress | 3 | €13,686 | €12,379 | -€1,308 | -9.6% |
| Stocks | 30/36 | €13,686 | €12,379 | -€1,308 | -9.6% |
| Amounts receivable within one year | 40/41 | €35,793 | €34,367 | -€1,426 | -4.0% |
| Trade receivables | 40 | €35,793 | €33,982 | -€1,811 | -5.1% |
| Other amounts receivable | 41 | €0 | €384 | +€384 | |
| Cash at bank and in hand | 54/58 | €126,637 | €128,964 | +€2,327 | +1.8% |
| Deferred charges and accrued income | 490/1 | €942 | €924 | -€19 | -2.0% |
| Total equity and liabilities | 10/49 | €216,145 | €203,033 | -€13,112 | -6.1% |
| Equity | 10/15 | €99,031 | €112,746 | +€13,715 | +13.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,031 | €109,746 | +€13,715 | +14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €681 | €681 | = | 0.0% |
| Distributable reserves | 133 | €95,350 | €109,065 | +€13,715 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,114 | €90,287 | -€26,827 | -22.9% |
| Amounts payable after more than one year | 17 | €64,716 | €68,579 | +€3,863 | +6.0% |
| Financial debts | 170/4 | €34,869 | €19,788 | -€15,082 | -43.3% |
| Other amounts payable | 178/9 | €29,846 | €48,791 | +€18,945 | +63.5% |
| Amounts payable within one year | 42/48 | €52,398 | €21,707 | -€30,691 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €14,447 | €15,082 | +€635 | +4.4% |
| Trade debts | 44 | €9,878 | €1,362 | -€8,516 | -86.2% |
| Suppliers | 440/4 | €9,878 | €1,362 | -€8,516 | -86.2% |
| Taxes, remuneration and social security | 45 | €8,739 | €3,256 | -€5,483 | -62.7% |
| Taxes | 450/3 | €6,659 | €3,256 | -€3,403 | -51.1% |
| Remuneration and social security | 454/9 | €2,080 | €0 | -€2,080 | -100.0% |
| Other amounts payable | 47/48 | €19,334 | €2,008 | -€17,326 | -89.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,687 | €12,687 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €523 | €1,003 | +€481 | +91.9% |
| Other operating charges | 640/8 | €1,084 | €1,128 | +€43 | +4.0% |
| Gross operating margin | 9900 | €37,839 | €40,257 | +€2,418 | +6.4% |
| Operating profit (loss) | 9901 | €23,545 | €25,439 | +€1,894 | +8.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,588 | €5,320 | -€268 | -4.8% |
| Recurring financial charges | 65 | €5,588 | €5,320 | -€268 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €17,957 | €20,119 | +€2,162 | +12.0% |
| Income taxes | 67/77 | €5,562 | €6,404 | +€842 | +15.1% |
| Profit (loss) for the period | 9904 | €12,394 | €13,715 | +€1,321 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,394 | €13,715 | +€1,321 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.