PLDW: 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.
PLDW
Largest movements
- Tangible fixed assets +€12,673
up €12,673 (+103.9%), from €12,198 to €24,871
of which Furniture and vehicles: +€11,280
- Cash -€9,614
down €9,614 (-4.7%), from €203,847 to €194,234
mainly Contributions, distributions and other (-€101,661) and Investment in fixed assets (net) (-€23,669)
- Receivables within one year +€6,463
up €6,463 (+22.4%), from €28,857 to €35,320
of which Trade receivables: +€6,463
- Reserves -€56,194
down €56,194 (-31.2%), from €180,151 to €123,957
- Other debts +€52,210
up €52,210 (+120.2%), from €43,434 to €95,645
- Tax, wage and social debts +€13,877
up €13,877 (+110.7%), from €12,539 to €26,416
of which Taxes: +€10,619
- Gross operating margin +€8,395
up €8,395 (+12.3%), from €68,250 to €76,645
- Depreciation +€3,017
up €3,017 (+37.8%), from €7,980 to €10,997
- Taxes +€1,541
up €1,541 (+9.5%), from €16,233 to €17,774
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 | €245,052 | €254,425 | +€9,373 | +3.8% |
| Fixed assets | 21/28 | €12,198 | €24,871 | +€12,673 | +103.9% |
| Tangible fixed assets | 22/27 | €12,198 | €24,871 | +€12,673 | +103.9% |
| Plant, machinery and equipment | 23 | €6,897 | €8,289 | +€1,393 | +20.2% |
| Furniture and vehicles | 24 | €5,302 | €16,582 | +€11,280 | +212.8% |
| Current assets | 29/58 | €232,854 | €229,554 | -€3,300 | -1.4% |
| Amounts receivable within one year | 40/41 | €28,857 | €35,320 | +€6,463 | +22.4% |
| Trade receivables | 40 | €28,857 | €35,320 | +€6,463 | +22.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €203,847 | €194,234 | -€9,614 | -4.7% |
| Deferred charges and accrued income | 490/1 | €150 | €0 | -€150 | -100.0% |
| Total equity and liabilities | 10/49 | €245,052 | €254,425 | +€9,373 | +3.8% |
| Equity | 10/15 | €186,351 | €130,157 | -€56,194 | -30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €180,151 | €123,957 | -€56,194 | -31.2% |
| Distributable reserves | 133 | €180,151 | €123,957 | -€56,194 | -31.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,702 | €124,269 | +€65,567 | +111.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,702 | €124,269 | +€65,567 | +111.7% |
| Current portion of amounts payable after more than one year | 42 | €490 | €0 | -€490 | -100.0% |
| Trade debts | 44 | €2,238 | €2,208 | -€30 | -1.4% |
| Suppliers | 440/4 | €2,238 | €2,208 | -€30 | -1.4% |
| Taxes, remuneration and social security | 45 | €12,539 | €26,416 | +€13,877 | +110.7% |
| Taxes | 450/3 | €12,539 | €23,157 | +€10,619 | +84.7% |
| Remuneration and social security | 454/9 | - | €3,258 | +€3,258 | |
| Other amounts payable | 47/48 | €43,434 | €95,645 | +€52,210 | +120.2% |
| Remuneration, social security and pensions | 62 | €593 | €711 | +€118 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,980 | €10,997 | +€3,017 | +37.8% |
| Other operating charges | 640/8 | €1,075 | €1,243 | +€168 | +15.6% |
| Gross operating margin | 9900 | €68,250 | €76,645 | +€8,395 | +12.3% |
| Operating profit (loss) | 9901 | €58,602 | €63,695 | +€5,093 | +8.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,012 | €454 | -€558 | -55.1% |
| Recurring financial charges | 65 | €1,012 | €454 | -€558 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €57,590 | €63,241 | +€5,650 | +9.8% |
| Income taxes | 67/77 | €16,233 | €17,774 | +€1,541 | +9.5% |
| Profit (loss) for the period | 9904 | €41,358 | €45,467 | +€4,110 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,358 | €45,467 | +€4,110 | +9.9% |
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.