Cabinet PMI Group: 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.
Cabinet PMI Group
Largest movements
- Intangible fixed assets -€46,880
down €46,880 (-30.2%), from €155,311 to €108,431
- Receivables within one year -€28,791
down €28,791 (-45.1%), from €63,896 to €35,105
of which Trade receivables: -€32,354
- Debts after one year -€83,804
down €83,804 (-21.9%), from €383,269 to €299,466
of which Financial debts: -€88,975
- Profit (loss) carried forward +€42,264
up €42,264 (+14.4%), from -€293,899 to -€251,635
- Advances received -€17,767
down €17,767 (-32.8%), from €54,118 to €36,351
- Current portion of long-term debt -€13,261
down €13,261 (-25.7%), from €51,691 to €38,430
- Other debts -€7,909
down €7,909 (-30.4%), from €26,000 to €18,091
- Gross operating margin +€48,274
up €48,274 (+48.9%), from €98,768 to €147,041
- Staff costs +€5,558
up €5,558 (+42.5%), from €13,082 to €18,640
- Other operating charges -€1,933
down €1,933 (-36.1%), from €5,348 to €3,416
- Depreciation +€1,752
up €1,752 (+2.7%), from €65,474 to €67,227
- Financial charges +€1,615
up €1,615 (+11.8%), from €13,682 to €15,297
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 | €366,857 | €285,577 | -€81,279 | -22.2% |
| Formation expenses | 20 | €6,441 | €4,294 | -€2,147 | -33.3% |
| Fixed assets | 21/28 | €293,364 | €243,887 | -€49,477 | -16.9% |
| Intangible fixed assets | 21 | €155,311 | €108,431 | -€46,880 | -30.2% |
| Tangible fixed assets | 22/27 | €135,976 | €133,380 | -€2,596 | -1.9% |
| Land and buildings | 22 | €131,544 | €121,681 | -€9,863 | -7.5% |
| Plant, machinery and equipment | 23 | - | €4,761 | +€4,761 | |
| Furniture and vehicles | 24 | €4,432 | €6,937 | +€2,505 | +56.5% |
| Financial fixed assets | 28 | €2,077 | €2,077 | = | 0.0% |
| Current assets | 29/58 | €67,052 | €37,396 | -€29,656 | -44.2% |
| Amounts receivable within one year | 40/41 | €63,896 | €35,105 | -€28,791 | -45.1% |
| Trade receivables | 40 | €63,896 | €31,542 | -€32,354 | -50.6% |
| Other amounts receivable | 41 | - | €3,563 | +€3,563 | |
| Cash at bank and in hand | 54/58 | €2 | €846 | +€844 | +45,608% |
| Deferred charges and accrued income | 490/1 | €3,154 | €1,446 | -€1,709 | -54.2% |
| Total equity and liabilities | 10/49 | €366,857 | €285,577 | -€81,279 | -22.2% |
| Equity | 10/15 | -€208,504 | -€166,240 | +€42,264 | +20.3% |
| Contributions | 10/11 | €72,395 | €72,395 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,899 | -€251,635 | +€42,264 | +14.4% |
| Amounts payable | 17/49 | €575,360 | €451,817 | -€123,543 | -21.5% |
| Amounts payable after more than one year | 17 | €383,269 | €299,466 | -€83,804 | -21.9% |
| Financial debts | 170/4 | €273,854 | €184,879 | -€88,975 | -32.5% |
| Other amounts payable | 178/9 | €109,416 | €114,587 | +€5,172 | +4.7% |
| Amounts payable within one year | 42/48 | €190,816 | €151,689 | -€39,127 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €51,691 | €38,430 | -€13,261 | -25.7% |
| Financial debts | 43 | €37,553 | €31,917 | -€5,636 | -15.0% |
| Credit institutions | 430/8 | €37,553 | €31,917 | -€5,636 | -15.0% |
| Trade debts | 44 | €14,089 | €17,951 | +€3,862 | +27.4% |
| Suppliers | 440/4 | €14,089 | €17,951 | +€3,862 | +27.4% |
| Advances received on contracts in progress | 46 | €54,118 | €36,351 | -€17,767 | -32.8% |
| Taxes, remuneration and social security | 45 | €7,365 | €8,949 | +€1,584 | +21.5% |
| Taxes | 450/3 | €2,149 | €1,568 | -€581 | -27.0% |
| Remuneration and social security | 454/9 | €5,215 | €7,380 | +€2,165 | +41.5% |
| Other amounts payable | 47/48 | €26,000 | €18,091 | -€7,909 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,275 | €663 | -€613 | -48.0% |
| Remuneration, social security and pensions | 62 | €13,082 | €18,640 | +€5,558 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,474 | €67,227 | +€1,752 | +2.7% |
| Other operating charges | 640/8 | €5,348 | €3,416 | -€1,933 | -36.1% |
| Gross operating margin | 9900 | €98,768 | €147,041 | +€48,274 | +48.9% |
| Operating profit (loss) | 9901 | €14,863 | €57,759 | +€42,896 | +289% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €13,682 | €15,297 | +€1,615 | +11.8% |
| Recurring financial charges | 65 | €13,682 | €15,297 | +€1,615 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,181 | €42,467 | +€41,285 | +3,495% |
| Income taxes | 67/77 | -€527 | €203 | +€730 | |
| Profit (loss) for the period | 9904 | €1,708 | €42,264 | +€40,555 | +2,374% |
| Profit (loss) for the period to be appropriated | 9905 | €1,708 | €42,264 | +€40,555 | +2,374% |
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 23 October 2026 via checked.be.