P&M Consulting: what changed
P&M Consulting
Largest movements
- Tangible fixed assets +€115,946
up €115,946 (+275%), from €42,203 to €158,148
of which Furniture and vehicles: +€113,866
- Cash +€111,474
up €111,474 (+6,220%), from €1,792 to €113,266
mainly Net result for the year (+€83,746) and Debts after one year (+€78,191)
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Deferred charges and accrued income +€34,098
up €34,098 (+6,409%), from €532 to €34,630
- Receivables within one year -€31,373
down €31,373 (-58.1%), from €53,976 to €22,603
- Reserves +€83,746
up €83,746 (+80.7%), from €103,722 to €187,469
- Debts after one year +€78,191
new in 2025: €78,191
- Current portion of long-term debt +€18,747
new in 2025: €18,747
- Trade debts -€11,359
down €11,359 (-46.4%), from €24,505 to €13,147
- Tax, wage and social debts +€5,313
up €5,313 (+34.1%), from €15,574 to €20,887
- Gross operating margin +€54,622
up €54,622 (+61.8%), from €88,365 to €142,987
- Taxes +€18,615
up €18,615 (+92.5%), from €20,120 to €38,735
- Depreciation +€10,580
up €10,580 (+119%), from €8,913 to €19,493
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,503 | €328,647 | +€170,143 | +107% |
| Fixed assets | 21/28 | €42,203 | €158,148 | +€115,946 | +275% |
| Tangible fixed assets | 22/27 | €42,203 | €158,148 | +€115,946 | +275% |
| Plant, machinery and equipment | 23 | €7,246 | €9,327 | +€2,080 | +28.7% |
| Furniture and vehicles | 24 | €34,956 | €148,822 | +€113,866 | +326% |
| Current assets | 29/58 | €116,301 | €170,498 | +€54,198 | +46.6% |
| Amounts receivable within one year | 40/41 | €53,976 | €22,603 | -€31,373 | -58.1% |
| Trade receivables | 40 | €53,976 | €22,603 | -€31,373 | -58.1% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,792 | €113,266 | +€111,474 | +6,220% |
| Deferred charges and accrued income | 490/1 | €532 | €34,630 | +€34,098 | +6,409% |
| Total equity and liabilities | 10/49 | €158,503 | €328,647 | +€170,143 | +107% |
| Equity | 10/15 | €113,722 | €197,469 | +€83,746 | +73.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,722 | €187,469 | +€83,746 | +80.7% |
| Distributable reserves | 133 | €103,722 | €187,469 | +€83,746 | +80.7% |
| Amounts payable | 17/49 | €44,781 | €131,178 | +€86,397 | +193% |
| Amounts payable after more than one year | 17 | - | €78,191 | +€78,191 | |
| Financial debts | 170/4 | - | €78,191 | +€78,191 | |
| Amounts payable within one year | 42/48 | €44,781 | €52,987 | +€8,206 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | - | €18,747 | +€18,747 | |
| Trade debts | 44 | €24,505 | €13,147 | -€11,359 | -46.4% |
| Suppliers | 440/4 | €24,505 | €13,147 | -€11,359 | -46.4% |
| Taxes, remuneration and social security | 45 | €15,574 | €20,887 | +€5,313 | +34.1% |
| Taxes | 450/3 | €15,574 | €20,887 | +€5,313 | +34.1% |
| Other amounts payable | 47/48 | €4,701 | €206 | -€4,495 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,913 | €19,493 | +€10,580 | +119% |
| Other operating charges | 640/8 | €699 | €677 | -€22 | -3.1% |
| Gross operating margin | 9900 | €88,365 | €142,987 | +€54,622 | +61.8% |
| Operating profit (loss) | 9901 | €78,753 | €122,816 | +€44,063 | +56.0% |
| Financial income | 75/76B | €747 | €525 | -€222 | -29.7% |
| Recurring financial income | 75 | €747 | €525 | -€222 | -29.7% |
| Financial charges | 65/66B | €117 | €861 | +€743 | +635% |
| Recurring financial charges | 65 | €117 | €861 | +€743 | +635% |
| Profit (loss) for the period before taxes | 9903 | €79,383 | €122,481 | +€43,098 | +54.3% |
| Income taxes | 67/77 | €20,120 | €38,735 | +€18,615 | +92.5% |
| Profit (loss) for the period | 9904 | €59,264 | €83,746 | +€24,483 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,264 | €83,746 | +€24,483 | +41.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.