PDS TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€14,907
down €14,907 (-78.6%), from €18,975 to €4,068
of which Furniture and vehicles: -€12,885
- Deferred charges and accrued income +€4,317
up €4,317 (+194.6%), from €2,218 to €6,535
- Receivables within one year +€3,991
up €3,991 (+44.8%), from €8,904 to €12,894
of which Trade receivables: +€6,706
- Cash -€542
down €542 (-5.6%), from €9,761 to €9,218
mainly Current portion of long-term debt (-€6,352) and Debts after one year (-€5,907)
- Current portion of long-term debt -€6,352
no longer reported in 2025 (was €6,352)
- Debts after one year -€5,907
no longer reported in 2025 (was €5,907)
- Profit (loss) carried forward +€5,003
up €5,003 (+21.5%), from -€23,318 to -€18,316
- Tax, wage and social debts +€2,352
up €2,352 (+125.6%), from €1,873 to €4,225
- Trade debts -€2,238
down €2,238 (-89.4%), from €2,504 to €267
- Gross operating margin +€11,631
up €11,631 (+1307.0%), from €890 to €12,521
- Depreciation -€6,085
down €6,085 (-71.7%), from €8,492 to €2,407
- Financial charges -€1,347
down €1,347 (-52.6%), from €2,558 to €1,212
- Other operating charges +€363
up €363 (+10.2%), from €3,563 to €3,926
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 | €39,858 | €32,716 | -€7,142 | -17.9% |
| Fixed assets | 21/28 | €18,975 | €4,068 | -€14,907 | -78.6% |
| Tangible fixed assets | 22/27 | €18,975 | €4,068 | -€14,907 | -78.6% |
| Plant, machinery and equipment | 23 | €2,954 | €2,208 | -€746 | -25.3% |
| Furniture and vehicles | 24 | €12,885 | €0 | -€12,885 | -100.0% |
| Other tangible fixed assets | 26 | €3,136 | €1,860 | -€1,276 | -40.7% |
| Current assets | 29/58 | €20,883 | €28,648 | +€7,765 | +37.2% |
| Amounts receivable within one year | 40/41 | €8,904 | €12,894 | +€3,991 | +44.8% |
| Trade receivables | 40 | €1,913 | €8,619 | +€6,706 | +350.6% |
| Other amounts receivable | 41 | €6,991 | €4,275 | -€2,716 | -38.8% |
| Cash at bank and in hand | 54/58 | €9,761 | €9,218 | -€542 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,218 | €6,535 | +€4,317 | +194.6% |
| Total equity and liabilities | 10/49 | €39,858 | €32,716 | -€7,142 | -17.9% |
| Equity | 10/15 | €23,221 | €28,224 | +€5,003 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,939 | €27,939 | = | 0.0% |
| Distributable reserves | 133 | €27,939 | €27,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,318 | -€18,316 | +€5,003 | +21.5% |
| Amounts payable | 17/49 | €16,636 | €4,492 | -€12,145 | -73.0% |
| Amounts payable after more than one year | 17 | €5,907 | - | -€5,907 | |
| Financial debts | 170/4 | €5,907 | - | -€5,907 | |
| Amounts payable within one year | 42/48 | €10,729 | €4,492 | -€6,237 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €6,352 | - | -€6,352 | |
| Trade debts | 44 | €2,504 | €267 | -€2,238 | -89.4% |
| Suppliers | 440/4 | €2,504 | €267 | -€2,238 | -89.4% |
| Taxes, remuneration and social security | 45 | €1,873 | €4,225 | +€2,352 | +125.6% |
| Taxes | 450/3 | €1,873 | €4,225 | +€2,352 | +125.6% |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,492 | €2,407 | -€6,085 | -71.7% |
| Other operating charges | 640/8 | €3,563 | €3,926 | +€363 | +10.2% |
| Non-recurring operating charges | 66A | €9,677 | - | -€9,677 | |
| Gross operating margin | 9900 | €890 | €12,521 | +€11,631 | +1307.0% |
| Operating profit (loss) | 9901 | -€20,842 | €6,188 | +€27,030 | |
| Financial income | 75/76B | €82 | €26 | -€56 | -68.3% |
| Recurring financial income | 75 | €82 | €26 | -€56 | -68.3% |
| Financial charges | 65/66B | €2,558 | €1,212 | -€1,347 | -52.6% |
| Recurring financial charges | 65 | €2,558 | €1,212 | -€1,347 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,318 | €5,003 | +€28,321 | |
| Profit (loss) for the period | 9904 | -€23,318 | €5,003 | +€28,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,318 | €5,003 | +€28,321 |
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 10 October 2026 via checked.be.