P & M Grondwerken: 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 Grondwerken
Largest movements
- Cash +€23,601
up €23,601 (+19.6%), from €120,542 to €144,143
mainly Net result for the year (+€23,222) and Receivables within one year (+€5,131)
- Current investments +€12,559
up €12,559 (+14.2%), from €88,665 to €101,224
- Receivables within one year -€5,131
down €5,131 (-11.0%), from €46,782 to €41,652
of which Trade receivables: -€6,830
- Reserves +€23,222
up €23,222 (+15.4%), from €150,886 to €174,108
of which Distributable reserves: +€23,222
- Gross operating margin +€8,473
up €8,473 (+23.2%), from €36,443 to €44,915
- Write-downs -€8,215
down €8,215 (-62.1%), from €13,232 to €5,017
- Taxes +€4,418
up €4,418 (+63.2%), from €6,993 to €11,411
- Financial income -€1,560
down €1,560 (-65.9%), from €2,368 to €808
- Depreciation -€741
down €741 (-23.1%), from €3,206 to €2,465
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 | €263,258 | €290,296 | +€27,038 | +10.3% |
| Fixed assets | 21/28 | €4,091 | €1,626 | -€2,465 | -60.2% |
| Tangible fixed assets | 22/27 | €3,956 | €1,491 | -€2,465 | -62.3% |
| Plant, machinery and equipment | 23 | €966 | €584 | -€382 | -39.6% |
| Furniture and vehicles | 24 | €1,902 | - | -€1,902 | |
| Other tangible fixed assets | 26 | €1,088 | €907 | -€181 | -16.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €259,167 | €288,670 | +€29,503 | +11.4% |
| Amounts receivable within one year | 40/41 | €46,782 | €41,652 | -€5,131 | -11.0% |
| Trade receivables | 40 | €41,374 | €34,544 | -€6,830 | -16.5% |
| Other amounts receivable | 41 | €5,408 | €7,108 | +€1,700 | +31.4% |
| Current investments | 50/53 | €88,665 | €101,224 | +€12,559 | +14.2% |
| Cash at bank and in hand | 54/58 | €120,542 | €144,143 | +€23,601 | +19.6% |
| Deferred charges and accrued income | 490/1 | €3,178 | €1,652 | -€1,526 | -48.0% |
| Total equity and liabilities | 10/49 | €263,258 | €290,296 | +€27,038 | +10.3% |
| Equity | 10/15 | €250,043 | €273,265 | +€23,222 | +9.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €150,886 | €174,108 | +€23,222 | +15.4% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €140,970 | €164,192 | +€23,222 | +16.5% |
| Amounts payable | 17/49 | €13,215 | €17,031 | +€3,816 | +28.9% |
| Amounts payable within one year | 42/48 | €13,215 | €17,031 | +€3,816 | +28.9% |
| Trade debts | 44 | €13,141 | €15,669 | +€2,528 | +19.2% |
| Suppliers | 440/4 | €13,141 | €15,669 | +€2,528 | +19.2% |
| Taxes, remuneration and social security | 45 | - | €1,337 | +€1,337 | |
| Taxes | 450/3 | - | €1,337 | +€1,337 | |
| Other amounts payable | 47/48 | €74 | €26 | -€48 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,206 | €2,465 | -€741 | -23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,232 | €5,017 | -€8,215 | -62.1% |
| Other operating charges | 640/8 | €2,034 | €2,529 | +€496 | +24.4% |
| Gross operating margin | 9900 | €36,443 | €44,915 | +€8,473 | +23.2% |
| Operating profit (loss) | 9901 | €17,971 | €34,904 | +€16,933 | +94.2% |
| Financial income | 75/76B | €2,368 | €808 | -€1,560 | -65.9% |
| Recurring financial income | 75 | €2,368 | €808 | -€1,560 | -65.9% |
| Financial charges | 65/66B | €593 | €1,079 | +€486 | +82.0% |
| Recurring financial charges | 65 | €593 | €1,079 | +€486 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €19,747 | €34,633 | +€14,886 | +75.4% |
| Income taxes | 67/77 | €6,993 | €11,411 | +€4,418 | +63.2% |
| Profit (loss) for the period | 9904 | €12,754 | €23,222 | +€10,468 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €23,222 | +€10,468 | +82.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.