PDR INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€27,402
down €27,402 (-3.5%), from €779,548 to €752,146
- Receivables within one year +€26,135
up €26,135 (+29.5%), from €88,474 to €114,609
of which Trade receivables: +€20,885
- Debts after one year -€52,500
down €52,500 (-17.6%), from €298,125 to €245,625
- Reserves +€47,100
up €47,100 (+18.2%), from €258,650 to €305,750
- Tax, wage and social debts +€12,387
up €12,387 (+79.8%), from €15,522 to €27,909
- Gross operating margin +€22,274
up €22,274 (+24.3%), from €91,560 to €113,833
- Taxes +€10,052
up €10,052 (+71.2%), from €14,125 to €24,177
- Other operating charges -€5,796
down €5,796 (-48.3%), from €11,994 to €6,197
- Financial charges -€1,388
down €1,388 (-13.5%), from €10,316 to €8,928
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 | €871,534 | €878,973 | +€7,438 | +0.9% |
| Fixed assets | 21/28 | €779,548 | €752,146 | -€27,402 | -3.5% |
| Tangible fixed assets | 22/27 | €779,548 | €752,146 | -€27,402 | -3.5% |
| Land and buildings | 22 | €779,548 | €752,146 | -€27,402 | -3.5% |
| Current assets | 29/58 | €91,987 | €126,827 | +€34,840 | +37.9% |
| Amounts receivable within one year | 40/41 | €88,474 | €114,609 | +€26,135 | +29.5% |
| Trade receivables | 40 | €75,566 | €96,450 | +€20,885 | +27.6% |
| Other amounts receivable | 41 | €12,908 | €18,158 | +€5,250 | +40.7% |
| Cash at bank and in hand | 54/58 | €3,513 | €12,218 | +€8,705 | +248% |
| Total equity and liabilities | 10/49 | €871,534 | €878,973 | +€7,438 | +0.9% |
| Equity | 10/15 | €504,767 | €551,896 | +€47,129 | +9.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €258,650 | €305,750 | +€47,100 | +18.2% |
| Distributable reserves | 133 | €258,650 | €305,750 | +€47,100 | +18.2% |
| Profit (loss) carried forward | 14 | €171,117 | €171,146 | +€29 | 0.0% |
| Amounts payable | 17/49 | €366,767 | €327,077 | -€39,691 | -10.8% |
| Amounts payable after more than one year | 17 | €298,125 | €245,625 | -€52,500 | -17.6% |
| Financial debts | 170/4 | €298,125 | €245,625 | -€52,500 | -17.6% |
| Amounts payable within one year | 42/48 | €68,642 | €81,452 | +€12,809 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €52,500 | €52,500 | = | 0.0% |
| Trade debts | 44 | - | €423 | +€423 | |
| Suppliers | 440/4 | - | €423 | +€423 | |
| Taxes, remuneration and social security | 45 | €15,522 | €27,909 | +€12,387 | +79.8% |
| Taxes | 450/3 | €15,522 | €27,909 | +€12,387 | +79.8% |
| Other amounts payable | 47/48 | €620 | €620 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,402 | €27,402 | = | 0.0% |
| Other operating charges | 640/8 | €11,994 | €6,197 | -€5,796 | -48.3% |
| Gross operating margin | 9900 | €91,560 | €113,833 | +€22,274 | +24.3% |
| Operating profit (loss) | 9901 | €52,164 | €80,234 | +€28,070 | +53.8% |
| Financial income | 75/76B | €629 | - | -€629 | |
| Recurring financial income | 75 | €629 | - | -€629 | |
| Financial charges | 65/66B | €10,316 | €8,928 | -€1,388 | -13.5% |
| Recurring financial charges | 65 | €10,316 | €8,928 | -€1,388 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €42,478 | €71,306 | +€28,829 | +67.9% |
| Income taxes | 67/77 | €14,125 | €24,177 | +€10,052 | +71.2% |
| Profit (loss) for the period | 9904 | €28,353 | €47,129 | +€18,776 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,353 | €47,129 | +€18,776 | +66.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.