P.L.M. CONSULT: 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.
P.L.M. CONSULT
Largest movements
- Financial fixed assets -€640,133
down €640,133 (-59.5%), from €1.1m to €435,177
- Current investments +€576,814
new in 2026: €576,814
- Cash +€260,288
up €260,288 (+4,491%), from €5,795 to €266,083
mainly Investment in fixed assets (net) (+€619,569) and Provisions (+€244,046)
- Receivables within one year +€20,341
up €20,341 (+737%), from €2,759 to €23,100
of which Trade receivables: +€16,479
- Reserves +€732,138
up €732,138 (+109%), from €673,414 to €1.4m
of which Tax-exempt reserves: +€732,138
- Profit (loss) carried forward -€585,967
down €585,967, from €185,484 to -€400,483
- Provisions +€244,046
new in 2026: €244,046
- Other debts -€159,128
down €159,128 (-88.6%), from €179,547 to €20,419
- Short-term financial debts +€73,873
up €73,873 (+2,182%), from €3,385 to €77,258
- Gross operating margin +€870,134
up €870,134 (+1,398%), from €62,249 to €932,383
- Financial charges +€608,692
up €608,692 (+3,613%), from €16,846 to €625,538
of which Non-recurring financial charges: +€590,790
- Financial income +€95,957
up €95,957 (+479,786,350%), from €0 to €95,957
- Depreciation -€13,302
down €13,302 (-55.5%), from €23,968 to €10,666
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,244,516 | €1,462,731 | +€218,215 | +17.5% |
| Fixed assets | 21/28 | €1,219,048 | €588,813 | -€630,235 | -51.7% |
| Tangible fixed assets | 22/27 | €143,738 | €153,636 | +€9,898 | +6.9% |
| Land and buildings | 22 | €122,847 | €141,766 | +€18,920 | +15.4% |
| Plant, machinery and equipment | 23 | €2,623 | €1,617 | -€1,006 | -38.3% |
| Furniture and vehicles | 24 | €9,168 | €6,853 | -€2,316 | -25.3% |
| Other tangible fixed assets | 26 | €9,100 | €3,400 | -€5,700 | -62.6% |
| Financial fixed assets | 28 | €1,075,310 | €435,177 | -€640,133 | -59.5% |
| Current assets | 29/58 | €25,468 | €873,918 | +€848,450 | +3,331% |
| Amounts receivable within one year | 40/41 | €2,759 | €23,100 | +€20,341 | +737% |
| Trade receivables | 40 | €11 | €16,490 | +€16,479 | +145,061% |
| Other amounts receivable | 41 | €2,748 | €6,610 | +€3,862 | +141% |
| Current investments | 50/53 | - | €576,814 | +€576,814 | |
| Cash at bank and in hand | 54/58 | €5,795 | €266,083 | +€260,288 | +4,491% |
| Deferred charges and accrued income | 490/1 | €16,914 | €7,921 | -€8,992 | -53.2% |
| Total equity and liabilities | 10/49 | €1,244,516 | €1,462,731 | +€218,215 | +17.5% |
| Equity | 10/15 | €872,574 | €1,018,745 | +€146,171 | +16.8% |
| Contributions | 10/11 | €13,676 | €13,676 | = | 0.0% |
| Reserves | 13 | €673,414 | €1,405,552 | +€732,138 | +109% |
| Tax-exempt reserves | 132 | - | €732,138 | +€732,138 | |
| Distributable reserves | 133 | €673,414 | €673,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,484 | -€400,483 | -€585,967 | |
| Provisions and deferred taxes | 16 | - | €244,046 | +€244,046 | |
| Deferred taxes | 168 | - | €244,046 | +€244,046 | |
| Amounts payable | 17/49 | €371,942 | €199,940 | -€172,003 | -46.2% |
| Amounts payable after more than one year | 17 | €110,428 | €49,184 | -€61,245 | -55.5% |
| Financial debts | 170/4 | €110,428 | €49,184 | -€61,245 | -55.5% |
| Amounts payable within one year | 42/48 | €261,514 | €150,260 | -€111,254 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €39,352 | €37,152 | -€2,200 | -5.6% |
| Financial debts | 43 | €3,385 | €77,258 | +€73,873 | +2,182% |
| Credit institutions | 430/8 | €3,385 | €77,258 | +€73,873 | +2,182% |
| Trade debts | 44 | €28,419 | €7,816 | -€20,603 | -72.5% |
| Suppliers | 440/4 | €28,419 | €7,816 | -€20,603 | -72.5% |
| Taxes, remuneration and social security | 45 | €10,811 | €7,615 | -€3,196 | -29.6% |
| Taxes | 450/3 | €6,811 | €6,115 | -€696 | -10.2% |
| Remuneration and social security | 454/9 | €4,000 | €1,500 | -€2,500 | -62.5% |
| Other amounts payable | 47/48 | €179,547 | €20,419 | -€159,128 | -88.6% |
| Accrued charges and deferred income | 492/3 | €0 | €496 | +€496 | |
| Non-recurring operating income | 76A | - | €976,185 | +€976,185 | |
| Remuneration, social security and pensions | 62 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,968 | €10,666 | -€13,302 | -55.5% |
| Other operating charges | 640/8 | €1,614 | €1,667 | +€53 | +3.3% |
| Gross operating margin | 9900 | €62,249 | €932,383 | +€870,134 | +1,398% |
| Operating profit (loss) | 9901 | €36,667 | €920,041 | +€883,374 | +2,409% |
| Financial income | 75/76B | €0 | €95,957 | +€95,957 | +479,786,350% |
| Recurring financial income | 75 | €0 | €95,957 | +€95,957 | +479,786,350% |
| Financial charges | 65/66B | €16,846 | €625,538 | +€608,692 | +3,613% |
| Recurring financial charges | 65 | €16,846 | €34,748 | +€17,902 | +106% |
| Non-recurring financial charges | 66B | - | €590,790 | +€590,790 | |
| Profit (loss) for the period before taxes | 9903 | €19,821 | €390,460 | +€370,639 | +1,870% |
| Transfer to deferred taxes | 680 | - | €244,046 | +€244,046 | |
| Income taxes | 67/77 | €7,252 | €242 | -€7,010 | -96.7% |
| Profit (loss) for the period | 9904 | €12,568 | €146,171 | +€133,603 | +1,063% |
| Transfer to tax-exempt reserves | 689 | - | €732,138 | +€732,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,568 | -€585,967 | -€598,535 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.