P & M CONSTRUCT: 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 & M CONSTRUCT
Largest movements
- Tangible fixed assets +€38,026
up €38,026 (+13.9%), from €274,428 to €312,454
of which Leasing and similar rights: +€63,268
- Receivables within one year -€10,317
down €10,317 (-74.8%), from €13,792 to €3,475
of which Trade receivables: -€9,031
- Cash +€6,319
up €6,319 (+275%), from €2,295 to €8,614
mainly Depreciation (+€44,840) and Net result for the year (+€35,092)
- Other debts -€27,500
down €27,500 (-89.6%), from €30,684 to €3,184
- Profit (loss) carried forward +€23,249
up €23,249, from -€23,249 to €0
- Debts after one year +€22,944
up €22,944 (+14.6%), from €157,133 to €180,077
- Short-term financial debts -€18,781
down €18,781 (-100%), from €18,781 to €0
- Tax, wage and social debts +€15,014
up €15,014 (+297%), from €5,060 to €20,075
of which Taxes: +€13,927
- Gross operating margin +€51,034
up €51,034 (+82.8%), from €61,643 to €112,677
- Other operating charges +€11,349
up €11,349 (+488%), from €2,325 to €13,674
- Taxes +€9,411
up €9,411, from €0 to €9,411
- Depreciation +€5,796
up €5,796 (+14.8%), from €39,044 to €44,840
- Financial charges +€1,350
up €1,350 (+16.2%), from €8,326 to €9,676
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 | €303,772 | €336,790 | +€33,018 | +10.9% |
| Fixed assets | 21/28 | €274,509 | €312,454 | +€37,945 | +13.8% |
| Tangible fixed assets | 22/27 | €274,428 | €312,454 | +€38,026 | +13.9% |
| Land and buildings | 22 | €192,312 | €181,529 | -€10,783 | -5.6% |
| Plant, machinery and equipment | 23 | €11,938 | €14,294 | +€2,356 | +19.7% |
| Furniture and vehicles | 24 | €63,552 | €46,737 | -€16,815 | -26.5% |
| Leasing and similar rights | 25 | €6,626 | €69,894 | +€63,268 | +955% |
| Financial fixed assets | 28 | €81 | €0 | -€81 | -100% |
| Current assets | 29/58 | €29,263 | €24,336 | -€4,927 | -16.8% |
| Stocks and contracts in progress | 3 | €9,157 | €9,387 | +€231 | +2.5% |
| Stocks | 30/36 | €9,157 | €9,387 | +€231 | +2.5% |
| Amounts receivable within one year | 40/41 | €13,792 | €3,475 | -€10,317 | -74.8% |
| Trade receivables | 40 | €9,031 | €0 | -€9,031 | -100% |
| Other amounts receivable | 41 | €4,761 | €3,475 | -€1,286 | -27.0% |
| Cash at bank and in hand | 54/58 | €2,295 | €8,614 | +€6,319 | +275% |
| Deferred charges and accrued income | 490/1 | €4,019 | €2,859 | -€1,160 | -28.9% |
| Total equity and liabilities | 10/49 | €303,772 | €336,790 | +€33,018 | +10.9% |
| Equity | 10/15 | €38,864 | €73,956 | +€35,092 | +90.3% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €44,914 | €56,756 | +€11,842 | +26.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,197 | €8,197 | = | 0.0% |
| Distributable reserves | 133 | €34,857 | €46,699 | +€11,842 | +34.0% |
| Profit (loss) carried forward | 14 | -€23,249 | €0 | +€23,249 | |
| Amounts payable | 17/49 | €264,908 | €262,834 | -€2,074 | -0.8% |
| Amounts payable after more than one year | 17 | €157,133 | €180,077 | +€22,944 | +14.6% |
| Financial debts | 170/4 | €157,133 | €180,077 | +€22,944 | +14.6% |
| Amounts payable within one year | 42/48 | €107,505 | €82,471 | -€25,034 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €30,565 | €39,337 | +€8,772 | +28.7% |
| Financial debts | 43 | €18,781 | €0 | -€18,781 | -100% |
| Credit institutions | 430/8 | €18,781 | €0 | -€18,781 | -100% |
| Trade debts | 44 | €22,415 | €19,875 | -€2,540 | -11.3% |
| Suppliers | 440/4 | €22,415 | €19,875 | -€2,540 | -11.3% |
| Taxes, remuneration and social security | 45 | €5,060 | €20,075 | +€15,014 | +297% |
| Taxes | 450/3 | €1,936 | €15,863 | +€13,927 | +720% |
| Remuneration and social security | 454/9 | €3,125 | €4,212 | +€1,087 | +34.8% |
| Other amounts payable | 47/48 | €30,684 | €3,184 | -€27,500 | -89.6% |
| Accrued charges and deferred income | 492/3 | €270 | €287 | +€17 | +6.2% |
| Non-recurring operating income | 76A | €15,000 | €15,641 | +€641 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,044 | €44,840 | +€5,796 | +14.8% |
| Other operating charges | 640/8 | €2,325 | €13,674 | +€11,349 | +488% |
| Gross operating margin | 9900 | €61,643 | €112,677 | +€51,034 | +82.8% |
| Operating profit (loss) | 9901 | €20,274 | €54,163 | +€33,889 | +167% |
| Financial income | 75/76B | €0 | €16 | +€15 | +3,679% |
| Recurring financial income | 75 | €0 | €16 | +€15 | +3,679% |
| Financial charges | 65/66B | €8,326 | €9,676 | +€1,350 | +16.2% |
| Recurring financial charges | 65 | €8,326 | €9,676 | +€1,350 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €11,948 | €44,502 | +€32,554 | +272% |
| Income taxes | 67/77 | €0 | €9,411 | +€9,411 | |
| Profit (loss) for the period | 9904 | €11,948 | €35,092 | +€23,143 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €11,948 | €35,092 | +€23,143 | +194% |
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 13 October 2026 via checked.be.