PDSS: 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.
PDSS
Largest movements
- Intangible fixed assets -€46,284
down €46,284 (-7.6%), from €606,996 to €560,712
- Tangible fixed assets +€24,551
up €24,551 (+68.3%), from €35,943 to €60,494
of which Furniture and vehicles: +€12,938
- Receivables within one year +€20,600
up €20,600 (+20.2%), from €101,885 to €122,485
of which Trade receivables: +€38,403
- Cash -€8,625
down €8,625 (-81.5%), from €10,578 to €1,953
mainly Debts after one year (-€52,785) and Investment in fixed assets (net) (-€35,785)
- Debts after one year -€52,785
down €52,785 (-9.8%), from €541,083 to €488,298
- Other debts +€19,953
up €19,953 (+19.3%), from €103,269 to €123,222
- Trade debts +€15,841
up €15,841 (+30.8%), from €51,452 to €67,293
- Gross operating margin +€34,299
up €34,299 (+30.7%), from €111,760 to €146,059
- Depreciation +€29,334
up €29,334 (+104.1%), from €28,183 to €57,517
- Staff costs +€9,812
up €9,812 (+16.0%), from €61,323 to €71,135
- Financial charges +€4,634
up €4,634 (+34.5%), from €13,433 to €18,067
- Other operating charges -€2,159
down €2,159 (-84.4%), from €2,557 to €398
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 | €786,740 | €780,386 | -€6,354 | -0.8% |
| Fixed assets | 21/28 | €655,989 | €634,256 | -€21,733 | -3.3% |
| Intangible fixed assets | 21 | €606,996 | €560,712 | -€46,284 | -7.6% |
| Tangible fixed assets | 22/27 | €35,943 | €60,494 | +€24,551 | +68.3% |
| Plant, machinery and equipment | 23 | €14,262 | €16,714 | +€2,452 | +17.2% |
| Furniture and vehicles | 24 | €21,681 | €34,619 | +€12,938 | +59.7% |
| Other tangible fixed assets | 26 | - | €9,160 | +€9,160 | |
| Financial fixed assets | 28 | €13,050 | €13,050 | = | 0.0% |
| Current assets | 29/58 | €130,751 | €146,129 | +€15,378 | +11.8% |
| Stocks and contracts in progress | 3 | €15,954 | €16,418 | +€464 | +2.9% |
| Stocks | 30/36 | €15,954 | €16,418 | +€464 | +2.9% |
| Amounts receivable within one year | 40/41 | €101,885 | €122,485 | +€20,600 | +20.2% |
| Trade receivables | 40 | €84,082 | €122,485 | +€38,403 | +45.7% |
| Other amounts receivable | 41 | €17,803 | - | -€17,803 | |
| Cash at bank and in hand | 54/58 | €10,578 | €1,953 | -€8,625 | -81.5% |
| Deferred charges and accrued income | 490/1 | €2,334 | €5,273 | +€2,939 | +125.9% |
| Total equity and liabilities | 10/49 | €786,740 | €780,386 | -€6,354 | -0.8% |
| Equity | 10/15 | €8,715 | €5,806 | -€2,909 | -33.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,715 | €806 | -€2,909 | -78.3% |
| Distributable reserves | 133 | €3,715 | €806 | -€2,909 | -78.3% |
| Amounts payable | 17/49 | €778,025 | €774,580 | -€3,445 | -0.4% |
| Amounts payable after more than one year | 17 | €541,083 | €488,298 | -€52,785 | -9.8% |
| Financial debts | 170/4 | €541,083 | €488,298 | -€52,785 | -9.8% |
| Amounts payable within one year | 42/48 | €236,942 | €286,282 | +€49,340 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €50,302 | €52,785 | +€2,483 | +4.9% |
| Financial debts | 43 | - | €5,059 | +€5,059 | |
| Other loans | 439 | - | €5,059 | +€5,059 | |
| Trade debts | 44 | €51,452 | €67,293 | +€15,841 | +30.8% |
| Suppliers | 440/4 | €51,452 | €67,293 | +€15,841 | +30.8% |
| Advances received on contracts in progress | 46 | - | €111 | +€111 | |
| Taxes, remuneration and social security | 45 | €31,919 | €37,812 | +€5,893 | +18.5% |
| Taxes | 450/3 | €20,972 | €29,399 | +€8,427 | +40.2% |
| Remuneration and social security | 454/9 | €10,947 | €8,413 | -€2,534 | -23.1% |
| Other amounts payable | 47/48 | €103,269 | €123,222 | +€19,953 | +19.3% |
| Non-recurring operating income | 76A | €50,382 | - | -€50,382 | |
| Remuneration, social security and pensions | 62 | €61,323 | €71,135 | +€9,812 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,183 | €57,517 | +€29,334 | +104.1% |
| Other operating charges | 640/8 | €2,557 | €398 | -€2,159 | -84.4% |
| Gross operating margin | 9900 | €111,760 | €146,059 | +€34,299 | +30.7% |
| Operating profit (loss) | 9901 | €19,697 | €17,008 | -€2,689 | -13.6% |
| Financial income | 75/76B | €616 | €1,291 | +€675 | +109.6% |
| Recurring financial income | 75 | €616 | €1,291 | +€675 | +109.6% |
| Financial charges | 65/66B | €13,433 | €18,067 | +€4,634 | +34.5% |
| Recurring financial charges | 65 | €13,433 | €18,067 | +€4,634 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €6,880 | €232 | -€6,648 | -96.6% |
| Income taxes | 67/77 | €4,147 | €3,141 | -€1,006 | -24.3% |
| Profit (loss) for the period | 9904 | €2,733 | -€2,909 | -€5,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,733 | -€2,909 | -€5,642 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.