PWDM: 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.
PWDM
Largest movements
- Cash +€52,124
up €52,124 (+120.8%), from €43,148 to €95,271
mainly Net result for the year (+€90,518) and Other debts (+€33,675)
- Receivables within one year -€4,188
down €4,188 (-14.1%), from €29,664 to €25,476
of which Other amounts receivable: -€9,210
- Deferred charges and accrued income +€3,735
up €3,735 (+35.5%), from €10,535 to €14,271
- Other debts +€33,675
up €33,675 (+56.1%), from €60,000 to €93,675
- Trade debts +€11,421
up €11,421 (+411.1%), from €2,778 to €14,199
- Tax, wage and social debts +€4,121
up €4,121 (+49.5%), from €8,329 to €12,451
- Reserves +€2,518
up €2,518 (+25.8%), from €9,764 to €12,282
- Gross operating margin +€32,081
up €32,081 (+33.7%), from €95,150 to €127,231
- Taxes +€8,473
up €8,473 (+32.9%), from €25,751 to €34,224
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 | €84,871 | €136,607 | +€51,736 | +61.0% |
| Fixed assets | 21/28 | €1,524 | €1,590 | +€65 | +4.3% |
| Tangible fixed assets | 22/27 | €1,524 | €1,590 | +€65 | +4.3% |
| Furniture and vehicles | 24 | €1,524 | €1,590 | +€65 | +4.3% |
| Current assets | 29/58 | €83,347 | €135,017 | +€51,671 | +62.0% |
| Amounts receivable within one year | 40/41 | €29,664 | €25,476 | -€4,188 | -14.1% |
| Trade receivables | 40 | €19,179 | €24,200 | +€5,022 | +26.2% |
| Other amounts receivable | 41 | €10,485 | €1,276 | -€9,210 | -87.8% |
| Cash at bank and in hand | 54/58 | €43,148 | €95,271 | +€52,124 | +120.8% |
| Deferred charges and accrued income | 490/1 | €10,535 | €14,271 | +€3,735 | +35.5% |
| Total equity and liabilities | 10/49 | €84,871 | €136,607 | +€51,736 | +61.0% |
| Equity | 10/15 | €13,764 | €16,282 | +€2,518 | +18.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €9,764 | €12,282 | +€2,518 | +25.8% |
| Distributable reserves | 133 | €9,764 | €12,282 | +€2,518 | +25.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,107 | €120,325 | +€49,218 | +69.2% |
| Amounts payable within one year | 42/48 | €71,107 | €120,325 | +€49,218 | +69.2% |
| Trade debts | 44 | €2,778 | €14,199 | +€11,421 | +411.1% |
| Suppliers | 440/4 | €2,778 | €14,199 | +€11,421 | +411.1% |
| Taxes, remuneration and social security | 45 | €8,329 | €12,451 | +€4,121 | +49.5% |
| Taxes | 450/3 | €8,329 | €12,451 | +€4,121 | +49.5% |
| Other amounts payable | 47/48 | €60,000 | €93,675 | +€33,675 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €930 | +€200 | +27.4% |
| Other operating charges | 640/8 | €1,389 | €1,340 | -€50 | -3.6% |
| Gross operating margin | 9900 | €95,150 | €127,231 | +€32,081 | +33.7% |
| Operating profit (loss) | 9901 | €93,031 | €124,962 | +€31,931 | +34.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €300 | €219 | -€81 | -27.0% |
| Recurring financial charges | 65 | €300 | €219 | -€81 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €92,731 | €124,743 | +€32,012 | +34.5% |
| Income taxes | 67/77 | €25,751 | €34,224 | +€8,473 | +32.9% |
| Profit (loss) for the period | 9904 | €66,979 | €90,518 | +€23,539 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,979 | €90,518 | +€23,539 | +35.1% |
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 12 October 2026 via checked.be.