P&M EDUCATION: what changed
What changed
P&M EDUCATION
NACE 58.190, Other publishing activities, excluding software publishing
filed annual accounts (NBB)
Net result for the year
-€10,787
2024 · -€1,258-€9,530
Equity
€17,216
2024 · €28,003-€10,787
Cash
€10,577
2024 · €11,422-€845
Balance sheet total
€18,449
2024 · €29,579-€11,130
Largest movements
Assets
- Stocks and contracts -€10,783
down €10,783 (-70.1%), from €15,371 to €4,588
- Cash -€845
down €845 (-7.4%), from €11,422 to €10,577
mainly Net result for the year (-€10,787) and Receivables within one year (-€488)
- Receivables within one year +€488
up €488 (+46.5%), from €1,049 to €1,538
of which Trade receivables: +€572
Equity and liabilities
- Profit (loss) carried forward -€10,787
down €10,787 (-137%), from -€7,857 to -€18,644
Income statement
- Gross operating margin -€10,052
down €10,052 (-5,005%), from -€201 to -€10,253
- Depreciation -€506
no longer reported in 2025 (was €506)
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.
Result 2024
-€1,258
Gross operating margin
-€10,052
Depreciation
+€506
Other operating charges
-€12
Financial charges
+€29
Result 2025
-€10,787
raises the resultlowers the result
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.
From operations
-€845
Investment
€0
Financing
€0
Cash 2024
€11,422
From operations (derived)
-€845
Net result for the year
-€10,787
Stocks and contracts
+€10,783
Receivables within one year
-€488
Deferred charges and accrued income
-€9
Trade debts
-€258
Tax, wage and social debts
-€85
Cash 2025
€10,577
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,579 | €18,449 | -€11,130 | -37.6% |
| Fixed assets | 21/28 | €399 | €399 | = | 0.0% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €29,180 | €18,050 | -€11,130 | -38.1% |
| Stocks and contracts in progress | 3 | €15,371 | €4,588 | -€10,783 | -70.1% |
| Stocks | 30/36 | €15,371 | €4,588 | -€10,783 | -70.1% |
| Amounts receivable within one year | 40/41 | €1,049 | €1,538 | +€488 | +46.5% |
| Trade receivables | 40 | €26 | €598 | +€572 | +2,202% |
| Other amounts receivable | 41 | €1,023 | €940 | -€84 | -8.2% |
| Cash at bank and in hand | 54/58 | €11,422 | €10,577 | -€845 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,338 | €1,347 | +€9 | +0.7% |
| Total equity and liabilities | 10/49 | €29,579 | €18,449 | -€11,130 | -37.6% |
| Equity | 10/15 | €28,003 | €17,216 | -€10,787 | -38.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,600 | €11,600 | = | 0.0% |
| Reserves | 13 | €28,860 | €28,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,857 | -€18,644 | -€10,787 | -137% |
| Amounts payable | 17/49 | €1,576 | €1,233 | -€343 | -21.8% |
| Amounts payable within one year | 42/48 | €1,576 | €1,233 | -€343 | -21.8% |
| Trade debts | 44 | €695 | €437 | -€258 | -37.1% |
| Suppliers | 440/4 | €695 | €437 | -€258 | -37.1% |
| Taxes, remuneration and social security | 45 | €882 | €797 | -€85 | -9.6% |
| Remuneration and social security | 454/9 | €882 | €797 | -€85 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | - | -€506 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€201 | -€10,253 | -€10,052 | -5,005% |
| Operating profit (loss) | 9901 | -€1,094 | -€10,653 | -€9,559 | -874% |
| Financial charges | 65/66B | €164 | €134 | -€29 | -18.0% |
| Recurring financial charges | 65 | €164 | €134 | -€29 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,258 | -€10,787 | -€9,530 | -758% |
| Profit (loss) for the period | 9904 | -€1,258 | -€10,787 | -€9,530 | -758% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,258 | -€10,787 | -€9,530 | -758% |
Next steps
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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.