Precision Dynamics Europe: 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.
What changed
Precision Dynamics Europe
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2024 compared with 2022not consecutivefiled annual accounts (NBB)
Net result for the year
-€8,794
2022 · -€1,404-€7,390
Equity
-€1.5m
2022 · -€1.3m-€225,149
Cash
€30,550
2022 · €232,498-€201,948
Balance sheet total
€3.9m
2022 · €7.1m-€3.2m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-54.6%), from €2.8m to €1.3m
of which Trade receivables: -€1.6m
- Stocks and contracts -€1.5m
down €1.5m (-38.5%), from €3.8m to €2.3m
- Cash -€201,948
down €201,948 (-86.9%), from €232,498 to €30,550
Equity and liabilities
- Other debts -€2.4m
down €2.4m (-38.2%), from €6.2m to €3.8m
- Trade debts -€460,507
down €460,507 (-30.5%), from €1.5m to €1.0m
- Profit (loss) carried forward -€225,149
down €225,149 (-16.7%), from -€1.3m to -€1.6m
- Tax, wage and social debts -€121,635
down €121,635 (-22.2%), from €548,286 to €426,651
of which Remuneration and social security: -€127,856
Income statement
- Turnover +€1.1m
up €1.1m (+10.6%), from €10.3m to €11.4m
- Goods and materials +€717,011
up €717,011 (+10.1%), from €7.1m to €7.8m
of which Change in stocks: decrease (increase): +€2.9m
- Services and other goods -€301,640
down €301,640 (-10.3%), from €2.9m to €2.6m
- Write-downs +€268,515
up €268,515 (+83.2%), from -€322,922 to -€54,407
- Other operating income -€197,262
down €197,262 (-9.6%), from €2.1m to €1.9m
From the 2022 result to the 2024 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.
Result 2022
-€1,404
Turnover
+€1.1m
Other operating income
-€197,262
Goods and materials
-€717,011
Services and other goods
+€301,640
Staff costs
-€87,839
Depreciation
+€12,765
Write-downs
-€268,515
Provisions
-€85,295
Other operating charges
+€4,944
Other operating items
-€104,832
Financial income
-€89,776
Financial charges
+€133,889
Taxes
+€3,218
Result 2024
-€8,794
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,076,343 | €3,875,044 | -€3.2m | -45.2% |
| Fixed assets | 21/28 | €248,575 | €193,426 | -€55,149 | -22.2% |
| Tangible fixed assets | 22/27 | €248,575 | €193,426 | -€55,149 | -22.2% |
| Plant, machinery and equipment | 23 | €207,237 | €181,048 | -€26,189 | -12.6% |
| Furniture and vehicles | 24 | €19,946 | - | -€19,946 | |
| Other tangible fixed assets | 26 | €21,392 | €12,379 | -€9,013 | -42.1% |
| Current assets | 29/58 | €6,827,768 | €3,681,618 | -€3.1m | -46.1% |
| Stocks and contracts in progress | 3 | €3,785,864 | €2,330,123 | -€1.5m | -38.5% |
| Stocks | 30/36 | €3,785,864 | €2,330,123 | -€1.5m | -38.5% |
| Goods purchased for resale | 34 | €3,785,864 | €2,330,123 | -€1.5m | -38.5% |
| Amounts receivable within one year | 40/41 | €2,787,667 | €1,264,990 | -€1.5m | -54.6% |
| Trade receivables | 40 | €2,779,338 | €1,214,682 | -€1.6m | -56.3% |
| Other amounts receivable | 41 | €8,329 | €50,309 | +€41,980 | +504% |
| Cash at bank and in hand | 54/58 | €232,498 | €30,550 | -€201,948 | -86.9% |
| Deferred charges and accrued income | 490/1 | €21,739 | €55,954 | +€34,215 | +157% |
| Total equity and liabilities | 10/49 | €7,076,343 | €3,875,044 | -€3.2m | -45.2% |
| Equity | 10/15 | -€1,312,519 | -€1,537,668 | -€225,149 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,860 | €18,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€1,349,979 | -€1,575,128 | -€225,149 | -16.7% |
| Provisions and deferred taxes | 16 | €153,891 | €127,775 | -€26,116 | -17.0% |
| Provisions for liabilities and charges | 160/5 | €153,891 | €127,775 | -€26,116 | -17.0% |
| Other liabilities and charges | 164/5 | €153,891 | €127,775 | -€26,116 | -17.0% |
| Amounts payable | 17/49 | €8,234,971 | €5,284,937 | -€3.0m | -35.8% |
| Amounts payable within one year | 42/48 | €8,218,161 | €5,281,008 | -€2.9m | -35.7% |
| Trade debts | 44 | €1,508,476 | €1,047,969 | -€460,507 | -30.5% |
| Suppliers | 440/4 | €1,508,476 | €1,047,969 | -€460,507 | -30.5% |
| Taxes, remuneration and social security | 45 | €548,286 | €426,651 | -€121,635 | -22.2% |
| Taxes | 450/3 | €3,743 | €9,965 | +€6,222 | +166% |
| Remuneration and social security | 454/9 | €544,543 | €416,687 | -€127,856 | -23.5% |
| Other amounts payable | 47/48 | €6,161,399 | €3,806,388 | -€2.4m | -38.2% |
| Accrued charges and deferred income | 492/3 | €16,810 | €3,929 | -€12,881 | -76.6% |
| Operating income | 70/76A | €12,345,999 | €13,235,421 | +€889,422 | +7.2% |
| Turnover | 70 | €10,290,546 | €11,377,230 | +€1.1m | +10.6% |
| Other operating income | 74 | €2,055,453 | €1,858,191 | -€197,262 | -9.6% |
| Operating charges | 60/66A | €12,149,726 | €13,093,869 | +€944,143 | +7.8% |
| Goods for resale, raw materials and consumables | 60 | €7,075,191 | €7,792,202 | +€717,011 | +10.1% |
| Purchases | 600/8 | €9,026,553 | €6,801,026 | -€2.2m | -24.7% |
| Change in stocks: decrease (increase) | 609 | -€1,951,362 | €991,176 | +€2.9m | |
| Services and other goods | 61 | €2,915,781 | €2,614,141 | -€301,640 | -10.3% |
| Remuneration, social security and pensions | 62 | €2,586,376 | €2,674,215 | +€87,839 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,435 | €39,670 | -€12,765 | -24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€322,922 | -€54,407 | +€268,515 | +83.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€163,071 | -€77,776 | +€85,295 | +52.3% |
| Other operating charges | 640/8 | €5,936 | €992 | -€4,944 | -83.3% |
| Non-recurring operating charges | 66A | - | €104,832 | +€104,832 | |
| Operating profit (loss) | 9901 | €196,273 | €141,552 | -€54,721 | -27.9% |
| Financial income | 75/76B | €93,145 | €3,369 | -€89,776 | -96.4% |
| Recurring financial income | 75 | €93,145 | €3,369 | -€89,776 | -96.4% |
| Other financial income | 752/9 | €93,145 | €3,369 | -€89,776 | -96.4% |
| Financial charges | 65/66B | €282,613 | €148,724 | -€133,889 | -47.4% |
| Recurring financial charges | 65 | €282,613 | €148,724 | -€133,889 | -47.4% |
| Debt charges | 650 | - | €85,332 | +€85,332 | |
| Other financial charges | 652/9 | €282,613 | €63,392 | -€219,221 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €6,805 | -€3,803 | -€10,608 | |
| Income taxes | 67/77 | €8,209 | €4,991 | -€3,218 | -39.2% |
| Taxes | 670/3 | €8,209 | €4,991 | -€3,218 | -39.2% |
| Profit (loss) for the period | 9904 | -€1,404 | -€8,794 | -€7,390 | -526% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,404 | -€8,794 | -€7,390 | -526% |
Source: filed annual accounts (NBB), financial years ended 31 July 2022 and 31 July 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.