P en M HOUTCONSTRUCTIES: what changed
What changed
P en M HOUTCONSTRUCTIES
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€24,500
2024 · €46,500-€22,000
Equity
€420,596
2024 · €396,096+€24,500
Cash
-
not filed
Balance sheet total
€543,913
2024 · €546,809-€2,896
Largest movements
Assets
- Tangible fixed assets -€23,084
down €23,084 (-5.9%), from €389,853 to €366,769
- Receivables within one year +€10,252
up €10,252 (+48.7%), from €21,067 to €31,319
of which Trade receivables: +€9,322
- Current investments +€6,663
up €6,663 (+25.7%), from €25,877 to €32,540
Equity and liabilities
- Debts after one year -€27,106
down €27,106 (-79.2%), from €34,243 to €7,137
- Reserves +€24,500
up €24,500 (+6.5%), from €377,496 to €401,996
- Other debts +€8,479
up €8,479 (+17.5%), from €48,348 to €56,827
Income statement
- Gross operating margin -€28,586
down €28,586 (-30.7%), from €93,095 to €64,509
- Taxes -€5,743
down €5,743 (-39.5%), from €14,524 to €8,781
- Depreciation -€983
down €983 (-3.8%), from €25,935 to €24,952
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,500
Gross operating margin
-€28,586
Depreciation
+€983
Other operating charges
-€659
Financial income
-€47
Financial charges
+€566
Taxes
+€5,743
Result 2025
€24,500
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,809 | €543,913 | -€2,896 | -0.5% |
| Fixed assets | 21/28 | €389,853 | €366,769 | -€23,084 | -5.9% |
| Tangible fixed assets | 22/27 | €389,853 | €366,769 | -€23,084 | -5.9% |
| Land and buildings | 22 | €341,898 | €334,947 | -€6,951 | -2.0% |
| Plant, machinery and equipment | 23 | €27,721 | €19,280 | -€8,441 | -30.4% |
| Furniture and vehicles | 24 | €20,234 | €12,542 | -€7,692 | -38.0% |
| Current assets | 29/58 | €156,956 | €177,144 | +€20,188 | +12.9% |
| Stocks and contracts in progress | 3 | €103,573 | €105,161 | +€1,588 | +1.5% |
| Stocks | 30/36 | €103,573 | €105,161 | +€1,588 | +1.5% |
| Amounts receivable within one year | 40/41 | €21,067 | €31,319 | +€10,252 | +48.7% |
| Trade receivables | 40 | €20,285 | €29,607 | +€9,322 | +46.0% |
| Other amounts receivable | 41 | €782 | €1,712 | +€930 | +119% |
| Current investments | 50/53 | €25,877 | €32,540 | +€6,663 | +25.7% |
| Deferred charges and accrued income | 490/1 | €6,439 | €8,124 | +€1,685 | +26.2% |
| Total equity and liabilities | 10/49 | €546,809 | €543,913 | -€2,896 | -0.5% |
| Equity | 10/15 | €396,096 | €420,596 | +€24,500 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,496 | €401,996 | +€24,500 | +6.5% |
| Distributable reserves | 133 | €377,496 | €401,996 | +€24,500 | +6.5% |
| Amounts payable | 17/49 | €150,713 | €123,317 | -€27,396 | -18.2% |
| Amounts payable after more than one year | 17 | €34,243 | €7,137 | -€27,106 | -79.2% |
| Financial debts | 170/4 | €34,243 | €7,137 | -€27,106 | -79.2% |
| Amounts payable within one year | 42/48 | €116,470 | €116,180 | -€290 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €29,660 | €27,075 | -€2,585 | -8.7% |
| Trade debts | 44 | €19,136 | €16,159 | -€2,977 | -15.6% |
| Suppliers | 440/4 | €19,136 | €16,159 | -€2,977 | -15.6% |
| Taxes, remuneration and social security | 45 | €19,326 | €16,119 | -€3,207 | -16.6% |
| Taxes | 450/3 | €19,326 | €16,119 | -€3,207 | -16.6% |
| Other amounts payable | 47/48 | €48,348 | €56,827 | +€8,479 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,935 | €24,952 | -€983 | -3.8% |
| Other operating charges | 640/8 | €4,819 | €5,478 | +€659 | +13.7% |
| Gross operating margin | 9900 | €93,095 | €64,509 | -€28,586 | -30.7% |
| Operating profit (loss) | 9901 | €62,341 | €34,079 | -€28,262 | -45.3% |
| Financial income | 75/76B | €560 | €513 | -€47 | -8.4% |
| Recurring financial income | 75 | €560 | €513 | -€47 | -8.4% |
| Financial charges | 65/66B | €1,877 | €1,311 | -€566 | -30.2% |
| Recurring financial charges | 65 | €1,877 | €1,311 | -€566 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €61,024 | €33,281 | -€27,743 | -45.5% |
| Income taxes | 67/77 | €14,524 | €8,781 | -€5,743 | -39.5% |
| Profit (loss) for the period | 9904 | €46,500 | €24,500 | -€22,000 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,500 | €24,500 | -€22,000 | -47.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.