PDR Construct: 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.
PDR Construct
Largest movements
- Tangible fixed assets +€27,206
up €27,206 (+73.1%), from €37,240 to €64,447
of which Furniture and vehicles: +€27,588
- Receivables within one year -€18,256
down €18,256 (-90.6%), from €20,140 to €1,884
of which Trade receivables: -€15,050
- Cash +€8,109
up €8,109 (+155.6%), from €5,212 to €13,321
mainly Receivables within one year (+€18,256) and Depreciation (+€14,644)
- Deferred charges and accrued income +€1,486
up €1,486 (+30.1%), from €4,946 to €6,433
- Debts after one year +€10,466
up €10,466 (+37.1%), from €28,200 to €38,666
- Current portion of long-term debt +€5,367
up €5,367 (+68.2%), from €7,870 to €13,236
- Reserves +€4,450
up €4,450 (+32.5%), from €13,700 to €18,150
- Trade debts -€2,350
down €2,350 (-51.2%), from €4,592 to €2,243
- Gross operating margin -€8,059
down €8,059 (-23.1%), from €34,891 to €26,832
- Depreciation +€3,203
up €3,203 (+28.0%), from €11,441 to €14,644
- Taxes -€2,618
down €2,618 (-50.3%), from €5,202 to €2,584
- Financial charges +€1,446
up €1,446 (+163.2%), from €886 to €2,332
- Other operating charges -€613
down €613 (-35.2%), from €1,741 to €1,127
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 | €67,539 | €86,085 | +€18,546 | +27.5% |
| Fixed assets | 21/28 | €37,240 | €64,447 | +€27,206 | +73.1% |
| Tangible fixed assets | 22/27 | €37,240 | €64,447 | +€27,206 | +73.1% |
| Plant, machinery and equipment | 23 | €2,160 | €1,778 | -€382 | -17.7% |
| Furniture and vehicles | 24 | €35,080 | €62,668 | +€27,588 | +78.6% |
| Current assets | 29/58 | €30,299 | €21,638 | -€8,661 | -28.6% |
| Amounts receivable within one year | 40/41 | €20,140 | €1,884 | -€18,256 | -90.6% |
| Trade receivables | 40 | €15,050 | - | -€15,050 | |
| Other amounts receivable | 41 | €5,090 | €1,884 | -€3,206 | -63.0% |
| Cash at bank and in hand | 54/58 | €5,212 | €13,321 | +€8,109 | +155.6% |
| Deferred charges and accrued income | 490/1 | €4,946 | €6,433 | +€1,486 | +30.1% |
| Total equity and liabilities | 10/49 | €67,539 | €86,085 | +€18,546 | +27.5% |
| Equity | 10/15 | €18,041 | €22,520 | +€4,479 | +24.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €13,700 | €18,150 | +€4,450 | +32.5% |
| Distributable reserves | 133 | €13,700 | €18,150 | +€4,450 | +32.5% |
| Profit (loss) carried forward | 14 | €341 | €370 | +€29 | +8.6% |
| Amounts payable | 17/49 | €49,498 | €63,565 | +€14,066 | +28.4% |
| Amounts payable after more than one year | 17 | €28,200 | €38,666 | +€10,466 | +37.1% |
| Financial debts | 170/4 | €28,200 | €38,666 | +€10,466 | +37.1% |
| Amounts payable within one year | 42/48 | €21,298 | €24,899 | +€3,600 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €7,870 | €13,236 | +€5,367 | +68.2% |
| Trade debts | 44 | €4,592 | €2,243 | -€2,350 | -51.2% |
| Suppliers | 440/4 | €4,592 | €2,243 | -€2,350 | -51.2% |
| Taxes, remuneration and social security | 45 | €7,170 | €7,754 | +€584 | +8.1% |
| Taxes | 450/3 | €5,170 | €7,754 | +€2,584 | +50.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,441 | €14,644 | +€3,203 | +28.0% |
| Other operating charges | 640/8 | €1,741 | €1,127 | -€613 | -35.2% |
| Gross operating margin | 9900 | €34,891 | €26,832 | -€8,059 | -23.1% |
| Operating profit (loss) | 9901 | €21,709 | €11,060 | -€10,649 | -49.1% |
| Financial income | 75/76B | €86 | €0 | -€86 | -99.7% |
| Recurring financial income | 75 | €86 | €0 | -€86 | -99.7% |
| Financial charges | 65/66B | €886 | €2,332 | +€1,446 | +163.2% |
| Recurring financial charges | 65 | €886 | €2,332 | +€1,446 | +163.2% |
| Profit (loss) for the period before taxes | 9903 | €20,909 | €8,729 | -€12,180 | -58.3% |
| Income taxes | 67/77 | €5,202 | €2,584 | -€2,618 | -50.3% |
| Profit (loss) for the period | 9904 | €15,707 | €6,145 | -€9,561 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,707 | €6,145 | -€9,561 | -60.9% |
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 11 October 2026 via checked.be.