PDV Group: what changed
Two fiscal 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 Group
Largest movements
- Tangible fixed assets +€12,548
up €12,548 (+107.1%), from €11,713 to €24,261
- Cash -€1,114
down €1,114 (-12.8%), from €8,688 to €7,574
mainly Investment in fixed assets (net) (-€13,050) and Net result for the year (-€1,728)
- Receivables within one year +€400
up €400 (+50.0%), from €800 to €1,200
- Other debts +€13,561
up €13,561 (+142.0%), from €9,551 to €23,112
- Profit (loss) carried forward -€1,728
down €1,728 (-24.9%), from -€6,949 to -€8,677
- Other operating charges +€1,328
up €1,328 (+233.3%), from €569 to €1,897
- Gross operating margin +€375
up €375 (+110.0%), from €341 to €716
- Depreciation +€168
up €168 (+50.2%), from €334 to €502
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 | €21,201 | €33,035 | +€11,833 | +55.8% |
| Fixed assets | 21/28 | €11,713 | €24,261 | +€12,548 | +107.1% |
| Tangible fixed assets | 22/27 | €11,713 | €24,261 | +€12,548 | +107.1% |
| Land and buildings | 22 | €11,713 | €24,261 | +€12,548 | +107.1% |
| Current assets | 29/58 | €9,488 | €8,774 | -€714 | -7.5% |
| Amounts receivable within one year | 40/41 | €800 | €1,200 | +€400 | +50.0% |
| Trade receivables | 40 | €800 | €1,200 | +€400 | +50.0% |
| Cash at bank and in hand | 54/58 | €8,688 | €7,574 | -€1,114 | -12.8% |
| Total equity and liabilities | 10/49 | €21,201 | €33,035 | +€11,833 | +55.8% |
| Equity | 10/15 | €11,651 | €9,923 | -€1,728 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,949 | -€8,677 | -€1,728 | -24.9% |
| Amounts payable | 17/49 | €9,551 | €23,112 | +€13,561 | +142.0% |
| Amounts payable within one year | 42/48 | €9,551 | €23,112 | +€13,561 | +142.0% |
| Other amounts payable | 47/48 | €9,551 | €23,112 | +€13,561 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €502 | +€168 | +50.2% |
| Other operating charges | 640/8 | €569 | €1,897 | +€1,328 | +233.3% |
| Gross operating margin | 9900 | €341 | €716 | +€375 | +110.0% |
| Operating profit (loss) | 9901 | -€562 | -€1,683 | -€1,121 | -199.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€607 | -€1,728 | -€1,121 | -184.5% |
| Profit (loss) for the period | 9904 | -€607 | -€1,728 | -€1,121 | -184.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€607 | -€1,728 | -€1,121 | -184.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.