PDZ: 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.
PDZ
Largest movements
- Receivables within one year -€21,115
down €21,115 (-33.5%), from €62,987 to €41,872
- Financial fixed assets +€12,500
up €12,500 (+40.3%), from €31,000 to €43,500
- Cash -€1,435
down €1,435 (-3.4%), from €41,857 to €40,422
mainly Other debts (-€25,065) and Tax, wage and social debts (-€16,012)
- Other debts -€25,065
down €25,065 (-85.8%), from €29,205 to €4,140
- Reserves +€24,888
up €24,888 (+33.4%), from €74,477 to €99,365
- Tax, wage and social debts -€16,012
down €16,012 (-58.5%), from €27,377 to €11,365
of which Taxes: -€12,284
- Trade debts +€3,970
up €3,970 (+218%), from €1,822 to €5,791
- Accrued charges and deferred income +€1,849
up €1,849 (+49.6%), from €3,727 to €5,576
- Gross operating margin -€12,518
down €12,518 (-28.3%), from €44,239 to €31,721
- Taxes -€3,327
down €3,327 (-29.1%), from €11,432 to €8,106
- Financial income +€733
up €733 (+14.4%), from €5,100 to €5,833
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 | €138,608 | €128,237 | -€10,371 | -7.5% |
| Fixed assets | 21/28 | €33,696 | €44,811 | +€11,116 | +33.0% |
| Tangible fixed assets | 22/27 | €2,696 | €1,311 | -€1,384 | -51.4% |
| Plant, machinery and equipment | 23 | €2,696 | €1,311 | -€1,384 | -51.4% |
| Financial fixed assets | 28 | €31,000 | €43,500 | +€12,500 | +40.3% |
| Current assets | 29/58 | €104,912 | €83,426 | -€21,486 | -20.5% |
| Amounts receivable within one year | 40/41 | €62,987 | €41,872 | -€21,115 | -33.5% |
| Trade receivables | 40 | €62,987 | €41,872 | -€21,115 | -33.5% |
| Cash at bank and in hand | 54/58 | €41,857 | €40,422 | -€1,435 | -3.4% |
| Deferred charges and accrued income | 490/1 | €68 | €1,132 | +€1,064 | +1,558% |
| Total equity and liabilities | 10/49 | €138,608 | €128,237 | -€10,371 | -7.5% |
| Equity | 10/15 | €76,477 | €101,365 | +€24,888 | +32.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €74,477 | €99,365 | +€24,888 | +33.4% |
| Distributable reserves | 133 | €74,477 | €99,365 | +€24,888 | +33.4% |
| Amounts payable | 17/49 | €62,131 | €26,872 | -€35,259 | -56.7% |
| Amounts payable within one year | 42/48 | €58,404 | €21,296 | -€37,108 | -63.5% |
| Trade debts | 44 | €1,822 | €5,791 | +€3,970 | +218% |
| Suppliers | 440/4 | €1,822 | €5,791 | +€3,970 | +218% |
| Taxes, remuneration and social security | 45 | €27,377 | €11,365 | -€16,012 | -58.5% |
| Taxes | 450/3 | €18,585 | €6,301 | -€12,284 | -66.1% |
| Remuneration and social security | 454/9 | €8,792 | €5,064 | -€3,729 | -42.4% |
| Other amounts payable | 47/48 | €29,205 | €4,140 | -€25,065 | -85.8% |
| Accrued charges and deferred income | 492/3 | €3,727 | €5,576 | +€1,849 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €1,384 | -€128 | -8.5% |
| Other operating charges | 640/8 | €206 | €104 | -€101 | -49.3% |
| Gross operating margin | 9900 | €44,239 | €31,721 | -€12,518 | -28.3% |
| Operating profit (loss) | 9901 | €42,521 | €30,232 | -€12,289 | -28.9% |
| Financial income | 75/76B | €5,100 | €5,833 | +€733 | +14.4% |
| Recurring financial income | 75 | €5,100 | €5,833 | +€733 | +14.4% |
| Financial charges | 65/66B | €2,888 | €3,072 | +€184 | +6.4% |
| Recurring financial charges | 65 | €2,888 | €3,072 | +€184 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €44,733 | €32,994 | -€11,740 | -26.2% |
| Income taxes | 67/77 | €11,432 | €8,106 | -€3,327 | -29.1% |
| Profit (loss) for the period | 9904 | €33,301 | €24,888 | -€8,413 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,301 | €24,888 | -€8,413 | -25.3% |
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 27 October 2026 via checked.be.