P.M. BEHEER: 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
P.M. BEHEER
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€51,941
2024 · -€81,244+€29,303
Equity
€348,139
2024 · €400,079-€51,941
Cash
€20,087
2024 · €32,903-€12,815
Balance sheet total
€5.5m
2024 · €5.6m-€142,988
Largest movements
Assets
- Tangible fixed assets -€147,714
down €147,714 (-2.7%), from €5.5m to €5.4m
of which Land and buildings: -€147,512
Equity and liabilities
- Debts after one year -€95,124
down €95,124 (-2.0%), from €4.8m to €4.7m
Income statement
- Financial charges -€18,756
down €18,756 (-16.5%), from €113,770 to €95,014
- Gross operating margin +€11,925
up €11,925 (+4.3%), from €275,590 to €287,515
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.
Result 2024
-€81,244
Gross operating margin
+€11,925
Depreciation
-€1,251
Other operating charges
-€541
Financial income
+€415
Financial charges
+€18,756
Result 2025
-€51,941
raises the resultlowers the result
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.
From operations
+€140,802
Investment
-€65,540
Financing
-€88,077
Cash 2024
€32,903
From operations (derived)
+€140,802
Net result for the year
-€51,941
Depreciation
+€213,254
Receivables within one year
-€18,195
Deferred charges and accrued income
+€654
Trade debts
-€3,477
Tax, wage and social debts
-€689
Accrued charges and deferred income
+€1,195
Investment (derived)
-€65,540
Investment in fixed assets (net)
-€65,540
Financing
-€88,077
Debts after one year
-€95,124
Current portion of long-term debt
+€7,046
Cash 2025
€20,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,633,965 | €5,490,977 | -€142,988 | -2.5% |
| Fixed assets | 21/28 | €5,536,543 | €5,388,829 | -€147,714 | -2.7% |
| Tangible fixed assets | 22/27 | €5,536,143 | €5,388,429 | -€147,714 | -2.7% |
| Land and buildings | 22 | €5,535,470 | €5,387,958 | -€147,512 | -2.7% |
| Plant, machinery and equipment | 23 | €673 | €472 | -€202 | -29.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €97,422 | €102,147 | +€4,725 | +4.9% |
| Amounts receivable within one year | 40/41 | €63,024 | €81,219 | +€18,195 | +28.9% |
| Trade receivables | 40 | €6,699 | €10,655 | +€3,956 | +59.1% |
| Other amounts receivable | 41 | €56,325 | €70,564 | +€14,239 | +25.3% |
| Cash at bank and in hand | 54/58 | €32,903 | €20,087 | -€12,815 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,496 | €841 | -€654 | -43.7% |
| Total equity and liabilities | 10/49 | €5,633,965 | €5,490,977 | -€142,988 | -2.5% |
| Equity | 10/15 | €400,079 | €348,139 | -€51,941 | -13.0% |
| Contributions | 10/11 | €3,064,000 | €3,064,000 | = | 0.0% |
| Capital | 10 | €3,064,000 | €3,064,000 | = | 0.0% |
| Issued capital | 100 | €3,064,000 | €3,064,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,757,650 | €2,757,650 | = | 0.0% |
| Reserves | 13 | €2,149,138 | €2,121,935 | -€27,203 | -1.3% |
| Non-distributable reserves | 130/1 | €66,400 | €66,400 | = | 0.0% |
| Legal reserve | 130 | €66,400 | €66,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €263,253 | €236,049 | -€27,203 | -10.3% |
| Distributable reserves | 133 | €1,819,485 | €1,819,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,570,708 | -€7,595,446 | -€24,737 | -0.3% |
| Amounts payable | 17/49 | €5,233,886 | €5,142,838 | -€91,048 | -1.7% |
| Amounts payable after more than one year | 17 | €4,780,196 | €4,685,072 | -€95,124 | -2.0% |
| Financial debts | 170/4 | €4,780,196 | €4,685,072 | -€95,124 | -2.0% |
| Amounts payable within one year | 42/48 | €448,637 | €451,518 | +€2,880 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €136,077 | €143,124 | +€7,046 | +5.2% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €11,790 | €8,312 | -€3,477 | -29.5% |
| Suppliers | 440/4 | €11,790 | €8,312 | -€3,477 | -29.5% |
| Taxes, remuneration and social security | 45 | €771 | €82 | -€689 | -89.4% |
| Taxes | 450/3 | €771 | €82 | -€689 | -89.4% |
| Accrued charges and deferred income | 492/3 | €5,053 | €6,248 | +€1,195 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,002 | €213,254 | +€1,251 | +0.6% |
| Other operating charges | 640/8 | €31,062 | €31,603 | +€541 | +1.7% |
| Gross operating margin | 9900 | €275,590 | €287,515 | +€11,925 | +4.3% |
| Operating profit (loss) | 9901 | €32,526 | €42,658 | +€10,132 | +31.1% |
| Financial income | 75/76B | - | €415 | +€415 | |
| Recurring financial income | 75 | - | €415 | +€415 | |
| Financial charges | 65/66B | €113,770 | €95,014 | -€18,756 | -16.5% |
| Recurring financial charges | 65 | €113,770 | €95,014 | -€18,756 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€81,244 | -€51,941 | +€29,303 | +36.1% |
| Profit (loss) for the period | 9904 | -€81,244 | -€51,941 | +€29,303 | +36.1% |
| Transfer from tax-exempt reserves | 789 | - | €27,203 | +€27,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,244 | -€24,737 | +€56,506 | +69.6% |
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.