P &M Logistics: 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 Logistics
Largest movements
- Cash +€321,430
up €321,430 (+190%), from €169,340 to €490,769
mainly Receivables within one year (+€255,763) and Other debts (+€130,620)
- Receivables within one year -€255,763
down €255,763 (-64.7%), from €395,392 to €139,629
of which Other amounts receivable: -€223,604
- Stocks and contracts -€87,406
down €87,406 (-5.2%), from €1.7m to €1.6m
- Other debts +€130,620
up €130,620 (+5.6%), from €2.3m to €2.5m
- Trade debts -€99,937
down €99,937 (-98.0%), from €101,989 to €2,053
- Profit (loss) carried forward -€82,153
down €82,153, from €66,776 to -€15,377
- Write-downs +€185,000
new in 2024: €185,000
- Gross operating margin +€116,187
up €116,187 (+97.3%), from €119,416 to €235,603
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,596,240 | €5,568,600 | -€27,639 | -0.5% |
| Fixed assets | 21/28 | €3,350,324 | €3,344,424 | -€5,900 | -0.2% |
| Intangible fixed assets | 21 | €1,767 | €867 | -€900 | -50.9% |
| Tangible fixed assets | 22/27 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Furniture and vehicles | 24 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Financial fixed assets | 28 | €3,333,557 | €3,333,557 | = | 0.0% |
| Current assets | 29/58 | €2,245,916 | €2,224,176 | -€21,739 | -1.0% |
| Stocks and contracts in progress | 3 | €1,681,184 | €1,593,778 | -€87,406 | -5.2% |
| Stocks | 30/36 | €1,681,184 | €1,593,778 | -€87,406 | -5.2% |
| Amounts receivable within one year | 40/41 | €395,392 | €139,629 | -€255,763 | -64.7% |
| Trade receivables | 40 | €146,231 | €114,072 | -€32,159 | -22.0% |
| Other amounts receivable | 41 | €249,161 | €25,557 | -€223,604 | -89.7% |
| Cash at bank and in hand | 54/58 | €169,340 | €490,769 | +€321,430 | +190% |
| Total equity and liabilities | 10/49 | €5,596,240 | €5,568,600 | -€27,639 | -0.5% |
| Equity | 10/15 | €117,326 | €35,173 | -€82,153 | -70.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,776 | -€15,377 | -€82,153 | |
| Amounts payable | 17/49 | €5,478,914 | €5,533,428 | +€54,514 | +1.0% |
| Amounts payable after more than one year | 17 | €3,026,162 | €3,026,162 | = | 0.0% |
| Financial debts | 170/4 | €3,026,162 | €3,026,162 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,449,752 | €2,504,266 | +€54,514 | +2.2% |
| Trade debts | 44 | €101,989 | €2,053 | -€99,937 | -98.0% |
| Suppliers | 440/4 | €101,989 | €2,053 | -€99,937 | -98.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,059 | €25,889 | +€23,830 | +1,157% |
| Taxes | 450/3 | €0 | €23,830 | +€23,830 | |
| Remuneration and social security | 454/9 | €2,059 | €2,059 | = | 0.0% |
| Other amounts payable | 47/48 | €2,345,704 | €2,476,324 | +€130,620 | +5.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,900 | €5,900 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €185,000 | +€185,000 | |
| Other operating charges | 640/8 | €1,171 | €382 | -€789 | -67.4% |
| Gross operating margin | 9900 | €119,416 | €235,603 | +€116,187 | +97.3% |
| Operating profit (loss) | 9901 | €112,345 | €44,321 | -€68,023 | -60.5% |
| Financial income | 75/76B | €97 | €286 | +€190 | +196% |
| Recurring financial income | 75 | €97 | €286 | +€190 | +196% |
| Financial charges | 65/66B | €125,530 | €126,761 | +€1,231 | +1.0% |
| Recurring financial charges | 65 | €125,530 | €126,761 | +€1,231 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,088 | -€82,153 | -€69,065 | -528% |
| Profit (loss) for the period | 9904 | -€13,088 | -€82,153 | -€69,065 | -528% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,088 | -€82,153 | -€69,065 | -528% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.