PLD INVEST: 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.
PLD INVEST
Largest movements
- Cash -€87,476
down €87,476 (-70.6%), from €123,925 to €36,449
mainly Debts after one year (-€195,000) and Deferred charges and accrued income (-€307)
- Receivables within one year -€35,888
down €35,888 (-77.8%), from €46,157 to €10,269
of which Trade receivables: -€29,698
- Debts after one year -€195,000
down €195,000 (-26.1%), from €745,983 to €550,983
- Profit (loss) carried forward +€51,291
up €51,291 (+2.8%), from -€1.8m to -€1.8m
- Tax, wage and social debts +€19,830
up €19,830 (+536%), from €3,702 to €23,531
- Gross operating margin -€20,314
down €20,314 (-22.0%), from €92,350 to €72,036
- Taxes -€3,281
down €3,281 (-14.0%), from €23,453 to €20,171
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 | €170,581 | €47,271 | -€123,309 | -72.3% |
| Fixed assets | 21/28 | €405 | €153 | -€252 | -62.2% |
| Tangible fixed assets | 22/27 | €379 | €127 | -€252 | -66.4% |
| Land and buildings | 22 | €38 | €38 | = | 0.0% |
| Plant, machinery and equipment | 23 | €341 | €89 | -€252 | -73.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €170,176 | €47,118 | -€123,058 | -72.3% |
| Amounts receivable within one year | 40/41 | €46,157 | €10,269 | -€35,888 | -77.8% |
| Trade receivables | 40 | €39,378 | €9,680 | -€29,698 | -75.4% |
| Other amounts receivable | 41 | €6,779 | €589 | -€6,191 | -91.3% |
| Cash at bank and in hand | 54/58 | €123,925 | €36,449 | -€87,476 | -70.6% |
| Deferred charges and accrued income | 490/1 | €94 | €401 | +€307 | +327% |
| Total equity and liabilities | 10/49 | €170,581 | €47,271 | -€123,309 | -72.3% |
| Equity | 10/15 | -€748,436 | -€697,144 | +€51,291 | +6.9% |
| Contributions | 10/11 | €633,000 | €633,000 | = | 0.0% |
| Capital | 10 | €633,000 | €633,000 | = | 0.0% |
| Issued capital | 100 | €633,000 | €633,000 | = | 0.0% |
| Reserves | 13 | €427,321 | €427,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,752 | €4,752 | = | 0.0% |
| Legal reserve | 130 | €4,752 | €4,752 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €403,819 | €403,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,808,756 | -€1,757,465 | +€51,291 | +2.8% |
| Provisions and deferred taxes | 16 | €109,156 | €109,156 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €109,156 | €109,156 | = | 0.0% |
| Pensions and similar obligations | 160 | €109,156 | €109,156 | = | 0.0% |
| Amounts payable | 17/49 | €809,860 | €635,259 | -€174,601 | -21.6% |
| Amounts payable after more than one year | 17 | €745,983 | €550,983 | -€195,000 | -26.1% |
| Other amounts payable | 178/9 | €745,983 | €550,983 | -€195,000 | -26.1% |
| Amounts payable within one year | 42/48 | €4,167 | €24,566 | +€20,399 | +490% |
| Trade debts | 44 | €465 | €1,034 | +€570 | +123% |
| Suppliers | 440/4 | €465 | €1,034 | +€570 | +123% |
| Taxes, remuneration and social security | 45 | €3,702 | €23,531 | +€19,830 | +536% |
| Taxes | 450/3 | €3,702 | €23,531 | +€19,830 | +536% |
| Accrued charges and deferred income | 492/3 | €59,710 | €59,710 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €252 | = | 0.0% |
| Other operating charges | 640/8 | €1,070 | €1,421 | +€352 | +32.9% |
| Gross operating margin | 9900 | €92,350 | €72,036 | -€20,314 | -22.0% |
| Operating profit (loss) | 9901 | €91,028 | €70,363 | -€20,665 | -22.7% |
| Financial income | 75/76B | €1,629 | €1,249 | -€380 | -23.3% |
| Recurring financial income | 75 | €1,629 | €1,249 | -€380 | -23.3% |
| Financial charges | 65/66B | €127 | €149 | +€22 | +17.4% |
| Recurring financial charges | 65 | €127 | €149 | +€22 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €92,530 | €71,463 | -€21,067 | -22.8% |
| Income taxes | 67/77 | €23,453 | €20,171 | -€3,281 | -14.0% |
| Profit (loss) for the period | 9904 | €69,077 | €51,291 | -€17,786 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,077 | €51,291 | -€17,786 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.