PDS BOUW: 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.
PDS BOUW
Largest movements
- Receivables within one year +€114,691
up €114,691 (+82.1%), from €139,775 to €254,466
of which Trade receivables: +€116,754
- Stocks and contracts -€30,000
no longer reported in 2025 (was €30,000)
- Cash -€19,632
down €19,632 (-35.2%), from €55,826 to €36,193
mainly Receivables within one year (-€114,691) and Investment in fixed assets (net) (-€16,124)
- Tangible fixed assets -€6,727
down €6,727 (-5.6%), from €120,041 to €113,314
of which Land and buildings: -€8,882
- Deferred charges and accrued income +€4,931
new in 2025: €4,931
- Trade debts +€71,303
up €71,303 (+331%), from €21,517 to €92,820
- Reserves +€16,236
up €16,236 (+12.7%), from €127,975 to €144,212
- Debts after one year -€15,782
down €15,782 (-20.7%), from €76,087 to €60,305
- Other debts -€6,207
down €6,207 (-66.1%), from €9,388 to €3,181
- Short-term financial debts -€5,000
down €5,000 (-7.1%), from €70,000 to €65,000
- Gross operating margin +€87,564
up €87,564 (+46.7%), from €187,311 to €274,875
- Staff costs +€73,247
up €73,247 (+53.9%), from €135,984 to €209,231
- Write-downs +€13,291
no longer reported in 2025 (was -€13,291)
- Other operating charges +€8,705
up €8,705 (+110%), from €7,905 to €16,610
- Taxes +€5,000
up €5,000, from -€4,000 to €1,000
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 | €350,049 | €413,312 | +€63,263 | +18.1% |
| Fixed assets | 21/28 | €124,449 | €117,722 | -€6,727 | -5.4% |
| Tangible fixed assets | 22/27 | €120,041 | €113,314 | -€6,727 | -5.6% |
| Land and buildings | 22 | €95,772 | €86,890 | -€8,882 | -9.3% |
| Plant, machinery and equipment | 23 | €19,653 | €20,018 | +€364 | +1.9% |
| Furniture and vehicles | 24 | €4,616 | €6,407 | +€1,791 | +38.8% |
| Financial fixed assets | 28 | €4,408 | €4,408 | = | 0.0% |
| Current assets | 29/58 | €225,601 | €295,590 | +€69,990 | +31.0% |
| Stocks and contracts in progress | 3 | €30,000 | - | -€30,000 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €139,775 | €254,466 | +€114,691 | +82.1% |
| Trade receivables | 40 | €133,106 | €249,860 | +€116,754 | +87.7% |
| Other amounts receivable | 41 | €6,669 | €4,606 | -€2,063 | -30.9% |
| Cash at bank and in hand | 54/58 | €55,826 | €36,193 | -€19,632 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €4,931 | +€4,931 | |
| Total equity and liabilities | 10/49 | €350,049 | €413,312 | +€63,263 | +18.1% |
| Equity | 10/15 | €148,435 | €164,672 | +€16,236 | +10.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €127,975 | €144,212 | +€16,236 | +12.7% |
| Distributable reserves | 133 | €127,975 | €144,212 | +€16,236 | +12.7% |
| Amounts payable | 17/49 | €201,614 | €248,641 | +€47,027 | +23.3% |
| Amounts payable after more than one year | 17 | €76,087 | €60,305 | -€15,782 | -20.7% |
| Financial debts | 170/4 | €76,087 | €60,305 | -€15,782 | -20.7% |
| Amounts payable within one year | 42/48 | €125,527 | €188,336 | +€62,808 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €18,757 | €16,664 | -€2,093 | -11.2% |
| Financial debts | 43 | €70,000 | €65,000 | -€5,000 | -7.1% |
| Credit institutions | 430/8 | €70,000 | €65,000 | -€5,000 | -7.1% |
| Trade debts | 44 | €21,517 | €92,820 | +€71,303 | +331% |
| Suppliers | 440/4 | €21,517 | €92,820 | +€71,303 | +331% |
| Taxes, remuneration and social security | 45 | €5,865 | €10,671 | +€4,805 | +81.9% |
| Taxes | 450/3 | €2,737 | €10,161 | +€7,424 | +271% |
| Remuneration and social security | 454/9 | €3,129 | €509 | -€2,619 | -83.7% |
| Other amounts payable | 47/48 | €9,388 | €3,181 | -€6,207 | -66.1% |
| Remuneration, social security and pensions | 62 | €135,984 | €209,231 | +€73,247 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,327 | €22,851 | -€2,476 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,291 | - | +€13,291 | |
| Other operating charges | 640/8 | €7,905 | €16,610 | +€8,705 | +110% |
| Gross operating margin | 9900 | €187,311 | €274,875 | +€87,564 | +46.7% |
| Operating profit (loss) | 9901 | €31,387 | €26,183 | -€5,204 | -16.6% |
| Financial income | 75/76B | €382 | €62 | -€320 | -83.7% |
| Recurring financial income | 75 | €382 | €62 | -€320 | -83.7% |
| Financial charges | 65/66B | €8,857 | €9,009 | +€151 | +1.7% |
| Recurring financial charges | 65 | €8,857 | €9,009 | +€151 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €22,911 | €17,236 | -€5,675 | -24.8% |
| Income taxes | 67/77 | -€4,000 | €1,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | €26,911 | €16,236 | -€10,675 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,911 | €16,236 | -€10,675 | -39.7% |
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 27 October 2026 via checked.be.