P&M ESTATE: what changed
What changed
P&M ESTATE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€47,429
2024 · €61,952-€14,523
Equity
€190,338
2024 · €142,909+€47,429
Cash
€21,201
2024 · €10,770+€10,431
Balance sheet total
€969,499
2024 · €970,665-€1,166
Largest movements
Assets
- Tangible fixed assets -€13,226
down €13,226 (-1.5%), from €897,525 to €884,298
- Cash +€10,431
up €10,431 (+96.8%), from €10,770 to €21,201
mainly Net result for the year (+€47,429) and Depreciation (+€29,800)
Equity and liabilities
- Debts after one year -€60,817
down €60,817 (-8.7%), from €699,177 to €638,360
- Reserves +€25,338
new in 2025: €25,338
- Profit (loss) carried forward +€22,091
up €22,091, from -€22,091 to €0
- Trade debts +€12,030
up €12,030 (+510%), from €2,359 to €14,389
Income statement
- Gross operating margin -€8,346
down €8,346 (-6.3%), from €132,020 to €123,673
- Taxes +€6,542
new in 2025: €6,542
- Financial charges -€2,667
down €2,667 (-7.8%), from €34,048 to €31,382
- Other operating charges +€1,370
up €1,370 (+19.2%), from €7,151 to €8,520
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
€61,952
Gross operating margin
-€8,346
Depreciation
-€931
Other operating charges
-€1,370
Financial charges
+€2,667
Taxes
-€6,542
Result 2025
€47,429
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
+€87,002
Investment
-€16,574
Financing
-€59,998
Cash 2024
€10,770
From operations (derived)
+€87,002
Net result for the year
+€47,429
Depreciation
+€29,800
Receivables within one year
+€2,385
Deferred charges and accrued income
-€4,015
Trade debts
+€12,030
Tax, wage and social debts
-€2,657
Other debts
+€2,999
Accrued charges and deferred income
-€969
Investment (derived)
-€16,574
Investment in fixed assets (net)
-€16,574
Financing
-€59,998
Debts after one year
-€60,817
Current portion of long-term debt
+€819
Cash 2025
€21,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €970,665 | €969,499 | -€1,166 | -0.1% |
| Fixed assets | 21/28 | €897,525 | €884,298 | -€13,226 | -1.5% |
| Tangible fixed assets | 22/27 | €897,525 | €884,298 | -€13,226 | -1.5% |
| Land and buildings | 22 | €897,525 | €884,298 | -€13,226 | -1.5% |
| Current assets | 29/58 | €73,140 | €85,200 | +€12,061 | +16.5% |
| Amounts receivable within one year | 40/41 | €48,400 | €46,015 | -€2,385 | -4.9% |
| Trade receivables | 40 | €48,400 | €40,057 | -€8,343 | -17.2% |
| Other amounts receivable | 41 | - | €5,958 | +€5,958 | |
| Cash at bank and in hand | 54/58 | €10,770 | €21,201 | +€10,431 | +96.8% |
| Deferred charges and accrued income | 490/1 | €13,970 | €17,984 | +€4,015 | +28.7% |
| Total equity and liabilities | 10/49 | €970,665 | €969,499 | -€1,166 | -0.1% |
| Equity | 10/15 | €142,909 | €190,338 | +€47,429 | +33.2% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | - | €25,338 | +€25,338 | |
| Distributable reserves | 133 | - | €25,338 | +€25,338 | |
| Profit (loss) carried forward | 14 | -€22,091 | €0 | +€22,091 | |
| Amounts payable | 17/49 | €827,755 | €779,160 | -€48,595 | -5.9% |
| Amounts payable after more than one year | 17 | €699,177 | €638,360 | -€60,817 | -8.7% |
| Financial debts | 170/4 | €699,177 | €638,360 | -€60,817 | -8.7% |
| Amounts payable within one year | 42/48 | €122,754 | €135,945 | +€13,191 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €42,998 | €43,817 | +€819 | +1.9% |
| Trade debts | 44 | €2,359 | €14,389 | +€12,030 | +510% |
| Suppliers | 440/4 | €2,359 | €14,389 | +€12,030 | +510% |
| Taxes, remuneration and social security | 45 | €6,101 | €3,443 | -€2,657 | -43.6% |
| Taxes | 450/3 | €6,101 | €3,443 | -€2,657 | -43.6% |
| Other amounts payable | 47/48 | €71,296 | €74,295 | +€2,999 | +4.2% |
| Accrued charges and deferred income | 492/3 | €5,824 | €4,855 | -€969 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,869 | €29,800 | +€931 | +3.2% |
| Other operating charges | 640/8 | €7,151 | €8,520 | +€1,370 | +19.2% |
| Gross operating margin | 9900 | €132,020 | €123,673 | -€8,346 | -6.3% |
| Operating profit (loss) | 9901 | €96,000 | €85,353 | -€10,647 | -11.1% |
| Financial charges | 65/66B | €34,048 | €31,382 | -€2,667 | -7.8% |
| Recurring financial charges | 65 | €34,048 | €31,382 | -€2,667 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €61,952 | €53,971 | -€7,981 | -12.9% |
| Income taxes | 67/77 | - | €6,542 | +€6,542 | |
| Profit (loss) for the period | 9904 | €61,952 | €47,429 | -€14,523 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,952 | €47,429 | -€14,523 | -23.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.