P.M.C.: what changed
Two fiscal 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.M.C.
Largest movements
- Cash -€225,222
down €225,222 (-79.6%), from €282,963 to €57,741
mainly Net result for the year (-€226,266) and Trade debts (-€9,007)
- Profit (loss) carried forward -€226,266
down €226,266 (-438.3%), from -€51,626 to -€277,893
- Other debts +€12,913
up €12,913 (+32.9%), from €39,192 to €52,105
- Trade debts -€9,007
down €9,007 (-98.9%), from €9,111 to €105
- Gross operating margin -€3,248
down €3,248 (-154.4%), from -€2,103 to -€5,350
- Other operating charges -€759
down €759 (-46.7%), from €1,624 to €865
- Financial income -€112
no longer reported in 2025 (was €112)
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 | €286,388 | €63,941 | -€222,447 | -77.7% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €286,338 | €63,892 | -€222,447 | -77.7% |
| Amounts receivable within one year | 40/41 | €1,843 | €4,232 | +€2,388 | +129.6% |
| Trade receivables | 40 | €1,843 | €2,956 | +€1,112 | +60.3% |
| Other amounts receivable | 41 | - | €1,276 | +€1,276 | |
| Cash at bank and in hand | 54/58 | €282,963 | €57,741 | -€225,222 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,531 | €1,918 | +€387 | +25.3% |
| Total equity and liabilities | 10/49 | €286,388 | €63,941 | -€222,447 | -77.7% |
| Equity | 10/15 | €237,998 | €11,732 | -€226,266 | -95.1% |
| Contributions | 10/11 | €117,459 | €117,459 | = | 0.0% |
| Reserves | 13 | €172,165 | €172,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,911 | €11,911 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,911 | €11,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,360 | €119,360 | = | 0.0% |
| Distributable reserves | 133 | €40,894 | €40,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,626 | -€277,893 | -€226,266 | -438.3% |
| Amounts payable | 17/49 | €48,390 | €52,209 | +€3,820 | +7.9% |
| Amounts payable within one year | 42/48 | €48,390 | €52,209 | +€3,820 | +7.9% |
| Trade debts | 44 | €9,111 | €105 | -€9,007 | -98.9% |
| Suppliers | 440/4 | €9,111 | €105 | -€9,007 | -98.9% |
| Taxes, remuneration and social security | 45 | €86 | - | -€86 | |
| Taxes | 450/3 | €86 | - | -€86 | |
| Other amounts payable | 47/48 | €39,192 | €52,105 | +€12,913 | +32.9% |
| Other operating charges | 640/8 | €1,624 | €865 | -€759 | -46.7% |
| Non-recurring operating charges | 66A | - | €220,000 | +€220,000 | |
| Gross operating margin | 9900 | -€2,103 | -€5,350 | -€3,248 | -154.4% |
| Operating profit (loss) | 9901 | -€3,727 | -€226,215 | -€222,488 | -5969.5% |
| Financial income | 75/76B | €112 | - | -€112 | |
| Recurring financial income | 75 | €112 | - | -€112 | |
| Financial charges | 65/66B | €48 | €51 | +€3 | +5.7% |
| Recurring financial charges | 65 | €48 | €51 | +€3 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,663 | -€226,266 | -€222,603 | -6076.8% |
| Profit (loss) for the period | 9904 | -€3,663 | -€226,266 | -€222,603 | -6076.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,663 | -€226,266 | -€222,603 | -6076.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.