PDV-Deuren: 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-Deuren
Largest movements
- Current investments +€160,150
up €160,150 (+42.1%), from €380,345 to €540,495
- Tangible fixed assets -€125,843
down €125,843 (-12.8%), from €982,490 to €856,647
- Receivables within one year +€115,905
up €115,905 (+159%), from €72,887 to €188,792
of which Trade receivables: +€121,400
- Cash -€86,648
down €86,648 (-35.3%), from €245,674 to €159,026
mainly Current investments (-€160,150) and Receivables within one year (-€115,905)
- Reserves +€171,755
up €171,755 (+16.6%), from €1.0m to €1.2m
- Debts after one year -€82,607
down €82,607 (-12.7%), from €649,365 to €566,758
- Gross operating margin -€54,025
down €54,025 (-12.4%), from €434,231 to €380,206
- Financial income +€21,485
up €21,485 (+157%), from €13,705 to €35,190
- Taxes -€12,376
down €12,376 (-20.6%), from €60,168 to €47,792
- Staff costs +€8,061
up €8,061 (+28.3%), from €28,456 to €36,517
- Depreciation +€6,169
up €6,169 (+5.0%), from €122,560 to €128,729
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 | €1,906,238 | €1,975,661 | +€69,423 | +3.6% |
| Fixed assets | 21/28 | €982,490 | €856,647 | -€125,843 | -12.8% |
| Tangible fixed assets | 22/27 | €982,490 | €856,647 | -€125,843 | -12.8% |
| Land and buildings | 22 | €552,725 | €515,066 | -€37,658 | -6.8% |
| Plant, machinery and equipment | 23 | €220,510 | €177,686 | -€42,824 | -19.4% |
| Furniture and vehicles | 24 | €50,419 | €36,287 | -€14,132 | -28.0% |
| Leasing and similar rights | 25 | €158,837 | €127,607 | -€31,230 | -19.7% |
| Current assets | 29/58 | €923,747 | €1,119,014 | +€195,267 | +21.1% |
| Stocks and contracts in progress | 3 | €224,794 | €230,653 | +€5,859 | +2.6% |
| Stocks | 30/36 | €224,794 | €230,653 | +€5,859 | +2.6% |
| Amounts receivable within one year | 40/41 | €72,887 | €188,792 | +€115,905 | +159% |
| Trade receivables | 40 | €42,434 | €163,834 | +€121,400 | +286% |
| Other amounts receivable | 41 | €30,454 | €24,958 | -€5,495 | -18.0% |
| Current investments | 50/53 | €380,345 | €540,495 | +€160,150 | +42.1% |
| Cash at bank and in hand | 54/58 | €245,674 | €159,026 | -€86,648 | -35.3% |
| Deferred charges and accrued income | 490/1 | €46 | €47 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €1,906,238 | €1,975,661 | +€69,423 | +3.6% |
| Equity | 10/15 | €1,050,814 | €1,222,569 | +€171,755 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,032,214 | €1,203,969 | +€171,755 | +16.6% |
| Distributable reserves | 133 | €1,032,214 | €1,203,969 | +€171,755 | +16.6% |
| Amounts payable | 17/49 | €855,423 | €753,092 | -€102,331 | -12.0% |
| Amounts payable after more than one year | 17 | €649,365 | €566,758 | -€82,607 | -12.7% |
| Financial debts | 170/4 | €649,365 | €566,758 | -€82,607 | -12.7% |
| Amounts payable within one year | 42/48 | €198,047 | €181,931 | -€16,116 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €88,079 | €82,607 | -€5,472 | -6.2% |
| Trade debts | 44 | €26,085 | €7,972 | -€18,114 | -69.4% |
| Suppliers | 440/4 | €26,085 | €7,972 | -€18,114 | -69.4% |
| Taxes, remuneration and social security | 45 | €24,750 | €26,476 | +€1,726 | +7.0% |
| Taxes | 450/3 | €17,327 | €17,413 | +€86 | +0.5% |
| Remuneration and social security | 454/9 | €7,423 | €9,062 | +€1,640 | +22.1% |
| Other amounts payable | 47/48 | €59,134 | €64,877 | +€5,743 | +9.7% |
| Accrued charges and deferred income | 492/3 | €8,010 | €4,402 | -€3,608 | -45.0% |
| Remuneration, social security and pensions | 62 | €28,456 | €36,517 | +€8,061 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,560 | €128,729 | +€6,169 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,811 | +€1,811 | |
| Other operating charges | 640/8 | €5,493 | €5,666 | +€173 | +3.2% |
| Gross operating margin | 9900 | €434,231 | €380,206 | -€54,025 | -12.4% |
| Operating profit (loss) | 9901 | €277,722 | €207,483 | -€70,239 | -25.3% |
| Financial income | 75/76B | €13,705 | €35,190 | +€21,485 | +157% |
| Recurring financial income | 75 | €13,705 | €35,190 | +€21,485 | +157% |
| Financial charges | 65/66B | €26,083 | €23,126 | -€2,957 | -11.3% |
| Recurring financial charges | 65 | €26,083 | €23,126 | -€2,957 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €265,344 | €219,547 | -€45,797 | -17.3% |
| Income taxes | 67/77 | €60,168 | €47,792 | -€12,376 | -20.6% |
| Profit (loss) for the period | 9904 | €205,176 | €171,755 | -€33,421 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €205,176 | €171,755 | -€33,421 | -16.3% |
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.