PDV Construct: 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.
PDV Construct
Largest movements
- Tangible fixed assets +€65,735
up €65,735 (+8204.9%), from €801 to €66,536
of which Leasing and similar rights: +€62,271
- Receivables within one year +€4,525
up €4,525 (+240.5%), from €1,881 to €6,406
of which Trade receivables: +€3,542
- Cash +€1,355
up €1,355 (+14.4%), from €9,403 to €10,758
mainly Debts after one year (+€43,012) and Current portion of long-term debt (+€11,398)
- Deferred charges and accrued income +€1,037
new in 2025: €1,037
- Debts after one year +€43,012
new in 2025: €43,012
- Current portion of long-term debt +€11,398
new in 2025: €11,398
- Reserves +€8,858
new in 2025: €8,858
- Other debts +€6,088
up €6,088 (+329.6%), from €1,847 to €7,935
- Tax, wage and social debts +€3,612
up €3,612 (+471.0%), from €767 to €4,379
- Gross operating margin +€20,050
up €20,050 (+587.2%), from €3,415 to €23,464
- Depreciation +€8,406
up €8,406 (+33853.5%), from €25 to €8,431
- Taxes +€2,704
up €2,704 (+352.6%), from €767 to €3,471
- Financial charges +€1,283
up €1,283 (+2473.0%), from €52 to €1,335
- Other operating charges +€988
up €988 (+255.1%), from €387 to €1,376
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 | €12,085 | €84,737 | +€72,652 | +601.2% |
| Fixed assets | 21/28 | €801 | €66,536 | +€65,735 | +8204.9% |
| Tangible fixed assets | 22/27 | €801 | €66,536 | +€65,735 | +8204.9% |
| Furniture and vehicles | 24 | €801 | €4,265 | +€3,464 | +432.4% |
| Leasing and similar rights | 25 | - | €62,271 | +€62,271 | |
| Current assets | 29/58 | €11,284 | €18,201 | +€6,917 | +61.3% |
| Amounts receivable within one year | 40/41 | €1,881 | €6,406 | +€4,525 | +240.5% |
| Trade receivables | 40 | €250 | €3,792 | +€3,542 | +1416.9% |
| Other amounts receivable | 41 | €1,631 | €2,614 | +€982 | +60.2% |
| Cash at bank and in hand | 54/58 | €9,403 | €10,758 | +€1,355 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €1,037 | +€1,037 | |
| Total equity and liabilities | 10/49 | €12,085 | €84,737 | +€72,652 | +601.2% |
| Equity | 10/15 | €5,209 | €14,066 | +€8,858 | +170.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €8,858 | +€8,858 | |
| Distributable reserves | 133 | - | €8,858 | +€8,858 | |
| Profit (loss) carried forward | 14 | €2,209 | €2,209 | = | 0.0% |
| Amounts payable | 17/49 | €6,876 | €70,670 | +€63,794 | +927.8% |
| Amounts payable after more than one year | 17 | - | €43,012 | +€43,012 | |
| Financial debts | 170/4 | - | €43,012 | +€43,012 | |
| Amounts payable within one year | 42/48 | €6,876 | €27,099 | +€20,223 | +294.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,398 | +€11,398 | |
| Trade debts | 44 | €4,262 | €3,387 | -€875 | -20.5% |
| Suppliers | 440/4 | €4,262 | €3,387 | -€875 | -20.5% |
| Taxes, remuneration and social security | 45 | €767 | €4,379 | +€3,612 | +471.0% |
| Taxes | 450/3 | €767 | €4,379 | +€3,612 | +471.0% |
| Other amounts payable | 47/48 | €1,847 | €7,935 | +€6,088 | +329.6% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | €8,431 | +€8,406 | +33853.5% |
| Other operating charges | 640/8 | €387 | €1,376 | +€988 | +255.1% |
| Gross operating margin | 9900 | €3,415 | €23,464 | +€20,050 | +587.2% |
| Operating profit (loss) | 9901 | €3,002 | €13,658 | +€10,655 | +354.9% |
| Financial income | 75/76B | €25 | €6 | -€19 | -75.2% |
| Recurring financial income | 75 | €25 | €6 | -€19 | -75.2% |
| Financial charges | 65/66B | €52 | €1,335 | +€1,283 | +2473.0% |
| Recurring financial charges | 65 | €52 | €1,335 | +€1,283 | +2473.0% |
| Profit (loss) for the period before taxes | 9903 | €2,976 | €12,329 | +€9,353 | +314.3% |
| Income taxes | 67/77 | €767 | €3,471 | +€2,704 | +352.6% |
| Profit (loss) for the period | 9904 | €2,209 | €8,858 | +€6,649 | +301.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,209 | €8,858 | +€6,649 | +301.0% |
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.