PG DIAM: 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.
PG DIAM
Largest movements
- Stocks and contracts -€378,540
down €378,540 (-17.8%), from €2.1m to €1.7m
- Receivables within one year -€203,336
down €203,336 (-74.6%), from €272,673 to €69,338
of which Trade receivables: -€200,722
- Profit (loss) carried forward -€223,952
new in 2025: -€223,952
- Trade debts -€159,183
down €159,183 (-37.2%), from €428,469 to €269,287
- Current portion of long-term debt -€114,879
down €114,879 (-97.8%), from €117,432 to €2,553
- Other debts -€99,236
down €99,236 (-12.3%), from €807,816 to €708,579
- Gross operating margin +€336,907
up €336,907 (+62.2%), from -€541,331 to -€204,424
- Financial charges +€5,681
up €5,681 (+59.8%), from €9,497 to €15,178
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 | €2,435,157 | €1,840,279 | -€594,879 | -24.4% |
| Fixed assets | 21/28 | €3,079 | €3,507 | +€428 | +13.9% |
| Tangible fixed assets | 22/27 | €1,179 | €1,607 | +€428 | +36.3% |
| Plant, machinery and equipment | 23 | €244 | €1,135 | +€890 | +364% |
| Furniture and vehicles | 24 | €935 | €473 | -€462 | -49.5% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €2,432,078 | €1,836,771 | -€595,306 | -24.5% |
| Stocks and contracts in progress | 3 | €2,123,342 | €1,744,803 | -€378,540 | -17.8% |
| Stocks | 30/36 | €2,123,342 | €1,744,803 | -€378,540 | -17.8% |
| Amounts receivable within one year | 40/41 | €272,673 | €69,338 | -€203,336 | -74.6% |
| Trade receivables | 40 | €266,742 | €66,019 | -€200,722 | -75.2% |
| Other amounts receivable | 41 | €5,932 | €3,318 | -€2,613 | -44.1% |
| Cash at bank and in hand | 54/58 | €35,826 | €20,702 | -€15,124 | -42.2% |
| Deferred charges and accrued income | 490/1 | €236 | €1,929 | +€1,693 | +717% |
| Total equity and liabilities | 10/49 | €2,435,157 | €1,840,279 | -€594,879 | -24.4% |
| Equity | 10/15 | €1,080,734 | €856,782 | -€223,952 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,062,134 | €1,062,134 | = | 0.0% |
| Distributable reserves | 133 | €1,062,134 | €1,062,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€223,952 | -€223,952 | |
| Amounts payable | 17/49 | €1,354,423 | €983,497 | -€370,927 | -27.4% |
| Amounts payable within one year | 42/48 | €1,354,423 | €983,497 | -€370,927 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €117,432 | €2,553 | -€114,879 | -97.8% |
| Trade debts | 44 | €428,469 | €269,287 | -€159,183 | -37.2% |
| Suppliers | 440/4 | €428,469 | €269,287 | -€159,183 | -37.2% |
| Taxes, remuneration and social security | 45 | €707 | €3,077 | +€2,371 | +335% |
| Taxes | 450/3 | €707 | €3,077 | +€2,371 | +335% |
| Other amounts payable | 47/48 | €807,816 | €708,579 | -€99,236 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,081 | €877 | -€1,203 | -57.8% |
| Other operating charges | 640/8 | €1,393 | €1,306 | -€87 | -6.2% |
| Gross operating margin | 9900 | -€541,331 | -€204,424 | +€336,907 | +62.2% |
| Operating profit (loss) | 9901 | -€544,805 | -€206,608 | +€338,197 | +62.1% |
| Financial income | 75/76B | €8 | €173 | +€166 | +2,111% |
| Recurring financial income | 75 | €8 | €173 | +€166 | +2,111% |
| Financial charges | 65/66B | €9,497 | €15,178 | +€5,681 | +59.8% |
| Recurring financial charges | 65 | €9,497 | €15,178 | +€5,681 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | -€554,294 | -€221,612 | +€332,682 | +60.0% |
| Income taxes | 67/77 | €3,936 | €2,340 | -€1,596 | -40.5% |
| Profit (loss) for the period | 9904 | -€558,230 | -€223,952 | +€334,278 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€558,230 | -€223,952 | +€334,278 | +59.9% |
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 26 October 2026 via checked.be.