PDSIGN: 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.
PDSIGN
Largest movements
- Cash +€49,115
up €49,115 (+363.2%), from €13,522 to €62,637
mainly Other debts (+€31,564) and Depreciation (+€24,220)
- Tangible fixed assets -€17,201
down €17,201 (-25.7%), from €66,840 to €49,640
of which Furniture and vehicles: -€11,557
- Receivables within one year -€12,692
down €12,692 (-44.4%), from €28,592 to €15,900
of which Trade receivables: -€12,170
- Other debts +€31,564
up €31,564 (+81.3%), from €38,840 to €70,405
- Profit (loss) carried forward -€21,874
no longer reported in 2025 (was €21,874)
- Reserves +€8,427
up €8,427 (+1133.4%), from €744 to €9,171
- Debts after one year -€7,166
down €7,166 (-45.4%), from €15,767 to €8,601
- Tax, wage and social debts +€6,897
up €6,897 (+187.7%), from €3,675 to €10,572
of which Taxes: +€6,714
- Gross operating margin +€21,440
up €21,440 (+71.0%), from €30,197 to €51,636
- Taxes +€6,241
up €6,241 (+309.1%), from €2,019 to €8,260
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 | €112,517 | €130,117 | +€17,601 | +15.6% |
| Fixed assets | 21/28 | €68,146 | €50,340 | -€17,806 | -26.1% |
| Intangible fixed assets | 21 | €1,305 | €700 | -€605 | -46.4% |
| Tangible fixed assets | 22/27 | €66,840 | €49,640 | -€17,201 | -25.7% |
| Plant, machinery and equipment | 23 | €30,399 | €24,755 | -€5,644 | -18.6% |
| Furniture and vehicles | 24 | €36,442 | €24,885 | -€11,557 | -31.7% |
| Current assets | 29/58 | €44,371 | €79,777 | +€35,406 | +79.8% |
| Amounts receivable within one year | 40/41 | €28,592 | €15,900 | -€12,692 | -44.4% |
| Trade receivables | 40 | €26,004 | €13,834 | -€12,170 | -46.8% |
| Other amounts receivable | 41 | €2,588 | €2,066 | -€522 | -20.2% |
| Cash at bank and in hand | 54/58 | €13,522 | €62,637 | +€49,115 | +363.2% |
| Deferred charges and accrued income | 490/1 | €2,256 | €1,240 | -€1,017 | -45.1% |
| Total equity and liabilities | 10/49 | €112,517 | €130,117 | +€17,601 | +15.6% |
| Equity | 10/15 | €41,218 | €27,771 | -€13,447 | -32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €744 | €9,171 | +€8,427 | +1133.4% |
| Distributable reserves | 133 | €744 | €9,171 | +€8,427 | +1133.4% |
| Profit (loss) carried forward | 14 | €21,874 | - | -€21,874 | |
| Amounts payable | 17/49 | €71,299 | €102,347 | +€31,047 | +43.5% |
| Amounts payable after more than one year | 17 | €15,767 | €8,601 | -€7,166 | -45.4% |
| Financial debts | 170/4 | €15,767 | €8,601 | -€7,166 | -45.4% |
| Amounts payable within one year | 42/48 | €55,532 | €93,721 | +€38,189 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €6,980 | €7,166 | +€186 | +2.7% |
| Trade debts | 44 | €6,036 | €5,579 | -€457 | -7.6% |
| Suppliers | 440/4 | €6,036 | €5,579 | -€457 | -7.6% |
| Taxes, remuneration and social security | 45 | €3,675 | €10,572 | +€6,897 | +187.7% |
| Taxes | 450/3 | €2,283 | €8,997 | +€6,714 | +294.2% |
| Remuneration and social security | 454/9 | €1,393 | €1,575 | +€183 | +13.1% |
| Other amounts payable | 47/48 | €38,840 | €70,405 | +€31,564 | +81.3% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,866 | €24,220 | +€354 | +1.5% |
| Other operating charges | 640/8 | €1,177 | €1,057 | -€120 | -10.2% |
| Gross operating margin | 9900 | €30,197 | €51,636 | +€21,440 | +71.0% |
| Operating profit (loss) | 9901 | €5,154 | €26,359 | +€21,206 | +411.5% |
| Financial charges | 65/66B | €734 | €546 | -€188 | -25.6% |
| Recurring financial charges | 65 | €734 | €546 | -€188 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €4,420 | €25,813 | +€21,394 | +484.1% |
| Income taxes | 67/77 | €2,019 | €8,260 | +€6,241 | +309.1% |
| Profit (loss) for the period | 9904 | €2,400 | €17,553 | +€15,153 | +631.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,400 | €17,553 | +€15,153 | +631.2% |
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 10 October 2026 via checked.be.