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 +€44,759
up €44,759 (+1560.3%), from €2,869 to €47,628
- Receivables within one year +€4,355
up €4,355 (+31.0%), from €14,070 to €18,425
of which Other amounts receivable: +€4,521
- Cash +€4,094
up €4,094 (+148.5%), from €2,757 to €6,851
mainly Debts after one year (+€22,691) and Current portion of long-term debt (+€17,805)
- Debts after one year +€22,691
new in 2025: €22,691
- Current portion of long-term debt +€17,805
up €17,805 (+593.5%), from €3,000 to €20,805
- Reserves +€10,200
up €10,200 (+81.4%), from €12,527 to €22,727
- Profit (loss) carried forward +€1,271
no longer reported in 2025 (was -€1,271)
- Tax, wage and social debts +€1,020
up €1,020 (+232.4%), from €439 to €1,459
- Gross operating margin +€18,145
up €18,145 (+404.5%), from €4,486 to €22,630
- Taxes +€4,462
new in 2025: €4,462
- Financial charges +€892
up €892 (+511.8%), from €174 to €1,066
- Depreciation -€456
down €456 (-7.2%), from €6,304 to €5,848
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 | €19,695 | €72,903 | +€53,208 | +270.2% |
| Fixed assets | 21/28 | €2,869 | €47,628 | +€44,759 | +1560.3% |
| Tangible fixed assets | 22/27 | €2,869 | €47,628 | +€44,759 | +1560.3% |
| Furniture and vehicles | 24 | €2,869 | €47,628 | +€44,759 | +1560.3% |
| Current assets | 29/58 | €16,826 | €25,275 | +€8,449 | +50.2% |
| Amounts receivable within one year | 40/41 | €14,070 | €18,425 | +€4,355 | +31.0% |
| Trade receivables | 40 | €1,487 | €1,321 | -€166 | -11.1% |
| Other amounts receivable | 41 | €12,583 | €17,103 | +€4,521 | +35.9% |
| Cash at bank and in hand | 54/58 | €2,757 | €6,851 | +€4,094 | +148.5% |
| Total equity and liabilities | 10/49 | €19,695 | €72,903 | +€53,208 | +270.2% |
| Equity | 10/15 | €16,256 | €27,727 | +€11,471 | +70.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,527 | €22,727 | +€10,200 | +81.4% |
| Distributable reserves | 133 | €12,527 | €22,727 | +€10,200 | +81.4% |
| Profit (loss) carried forward | 14 | -€1,271 | - | +€1,271 | |
| Amounts payable | 17/49 | €3,439 | €45,176 | +€41,737 | +1213.7% |
| Amounts payable after more than one year | 17 | - | €22,691 | +€22,691 | |
| Financial debts | 170/4 | - | €22,691 | +€22,691 | |
| Amounts payable within one year | 42/48 | €3,439 | €22,382 | +€18,943 | +550.8% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €20,805 | +€17,805 | +593.5% |
| Trade debts | 44 | - | €118 | +€118 | |
| Suppliers | 440/4 | - | €118 | +€118 | |
| Taxes, remuneration and social security | 45 | €439 | €1,459 | +€1,020 | +232.4% |
| Taxes | 450/3 | €439 | €1,459 | +€1,020 | +232.4% |
| Accrued charges and deferred income | 492/3 | - | €104 | +€104 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,304 | €5,848 | -€456 | -7.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,486 | €22,630 | +€18,145 | +404.5% |
| Operating profit (loss) | 9901 | -€2,206 | €16,382 | +€18,588 | |
| Financial income | 75/76B | €479 | €617 | +€138 | +28.7% |
| Recurring financial income | 75 | €479 | €617 | +€138 | +28.7% |
| Financial charges | 65/66B | €174 | €1,066 | +€892 | +511.8% |
| Recurring financial charges | 65 | €174 | €1,066 | +€892 | +511.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,901 | €15,933 | +€17,834 | |
| Income taxes | 67/77 | - | €4,462 | +€4,462 | |
| Profit (loss) for the period | 9904 | -€1,901 | €11,471 | +€13,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,901 | €11,471 | +€13,372 |
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 11 October 2026 via checked.be.