P.M.O.: 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.
What changed
P.M.O.
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,841
2024 · €1,413+€427
Equity
€247,603
2024 · €230,923+€16,680
Cash
€821,399
2024 · €1.2m-€386,873
Balance sheet total
€7.7m
2024 · €6.3m+€1.4m
Largest movements
Assets
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year +€906,699
up €906,699 (+20.4%), from €4.4m to €5.3m
of which Trade receivables: +€906,673
- Cash -€386,873
down €386,873 (-32.0%), from €1.2m to €821,399
mainly Current investments (-€1.0m) and Receivables within one year (-€906,699)
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+21.1%), from €5.6m to €6.7m
- Tax, wage and social debts +€150,728
up €150,728 (+67.0%), from €225,126 to €375,854
of which Taxes: +€147,306
- Accrued charges and deferred income +€88,750
up €88,750 (+38.5%), from €230,250 to €319,000
Income statement
- Goods and materials +€5.6m
up €5.6m (+11.8%), from €47.3m to €52.9m
of which Purchases: +€5.6m
- Turnover +€5.5m
up €5.5m (+11.5%), from €47.7m to €53.2m
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.
Result 2024
€1,413
Turnover
+€5.5m
Other operating income
+€102,954
Goods and materials
-€5.6m
Services and other goods
-€8,413
Staff costs
-€31,547
Depreciation
-€1,826
Write-downs
+€4,436
Other operating charges
+€8,160
Financial income
+€114,904
Financial charges
-€110,738
Taxes
-€1,612
Result 2025
€1,841
raises the resultlowers the result
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.
From operations
+€612,656
Investment
-€1.0m
Financing
+€470
Cash 2024
€1.2m
From operations (derived)
+€612,656
Net result for the year
+€1,841
Depreciation
+€72,628
Stocks and contracts
-€5,656
Receivables within one year
-€906,699
Deferred charges and accrued income
+€35,305
Trade debts
+€1.2m
Tax, wage and social debts
+€150,728
Accrued charges and deferred income
+€88,750
Investment (derived)
-€1.0m
Current investments
-€1.0m
Financing
+€470
Debts after one year
-€14,774
Current portion of long-term debt
+€405
Contributions, distributions and other
+€14,840
Cash 2025
€821,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,292,797 | €7,710,345 | +€1.4m | +22.5% |
| Fixed assets | 21/28 | €585,455 | €512,826 | -€72,628 | -12.4% |
| Intangible fixed assets | 21 | €390 | €0 | -€390 | -100% |
| Tangible fixed assets | 22/27 | €565,179 | €492,941 | -€72,238 | -12.8% |
| Land and buildings | 22 | €414,393 | €381,397 | -€32,997 | -8.0% |
| Plant, machinery and equipment | 23 | €32,819 | €27,476 | -€5,343 | -16.3% |
| Furniture and vehicles | 24 | €117,967 | €84,069 | -€33,899 | -28.7% |
| Financial fixed assets | 28 | €19,885 | €19,885 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,885 | €19,885 | = | 0.0% |
| Shares | 284 | €19,836 | €19,836 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,707,342 | €7,197,519 | +€1.5m | +26.1% |
| Stocks and contracts in progress | 3 | €12,346 | €18,001 | +€5,656 | +45.8% |
| Stocks | 30/36 | €12,346 | €18,001 | +€5,656 | +45.8% |
| Goods purchased for resale | 34 | €12,346 | €18,001 | +€5,656 | +45.8% |
| Amounts receivable within one year | 40/41 | €4,433,940 | €5,340,639 | +€906,699 | +20.4% |
| Trade receivables | 40 | €4,433,940 | €5,340,613 | +€906,673 | +20.4% |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Other investments | 51/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,208,273 | €821,399 | -€386,873 | -32.0% |
| Deferred charges and accrued income | 490/1 | €52,784 | €17,479 | -€35,305 | -66.9% |
| Total equity and liabilities | 10/49 | €6,292,797 | €7,710,345 | +€1.4m | +22.5% |
| Equity | 10/15 | €230,923 | €247,603 | +€16,680 | +7.2% |
| Contributions | 10/11 | €148,736 | €163,610 | +€14,874 | +10.0% |
| Reserves | 13 | €12,174 | €12,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €2,259 | €2,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,613 | €71,453 | +€1,841 | +2.6% |
| Investment grants | 15 | €400 | €366 | -€34 | -8.5% |
| Amounts payable | 17/49 | €6,061,874 | €7,462,742 | +€1.4m | +23.1% |
| Amounts payable after more than one year | 17 | €32,678 | €17,903 | -€14,774 | -45.2% |
| Financial debts | 170/4 | €32,678 | €17,903 | -€14,774 | -45.2% |
| Credit institutions | 173 | €32,678 | €17,903 | -€14,774 | -45.2% |
| Amounts payable within one year | 42/48 | €5,798,947 | €7,125,839 | +€1.3m | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €14,369 | €14,774 | +€405 | +2.8% |
| Trade debts | 44 | €5,559,451 | €6,735,210 | +€1.2m | +21.1% |
| Suppliers | 440/4 | €5,559,451 | €6,735,210 | +€1.2m | +21.1% |
| Taxes, remuneration and social security | 45 | €225,126 | €375,854 | +€150,728 | +67.0% |
| Taxes | 450/3 | €131,796 | €279,102 | +€147,306 | +112% |
| Remuneration and social security | 454/9 | €93,330 | €96,753 | +€3,422 | +3.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €230,250 | €319,000 | +€88,750 | +38.5% |
| Operating income | 70/76A | €48,297,739 | €53,903,683 | +€5.6m | +11.6% |
| Turnover | 70 | €47,707,200 | €53,210,189 | +€5.5m | +11.5% |
| Other operating income | 74 | €590,539 | €693,494 | +€102,954 | +17.4% |
| Operating charges | 60/66A | €48,280,351 | €53,888,421 | +€5.6m | +11.6% |
| Goods for resale, raw materials and consumables | 60 | €47,337,344 | €52,916,225 | +€5.6m | +11.8% |
| Purchases | 600/8 | €47,336,929 | €52,921,881 | +€5.6m | +11.8% |
| Change in stocks: decrease (increase) | 609 | €416 | -€5,656 | -€6,072 | |
| Services and other goods | 61 | €186,532 | €194,945 | +€8,413 | +4.5% |
| Remuneration, social security and pensions | 62 | €657,064 | €688,611 | +€31,547 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,802 | €72,628 | +€1,826 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,436 | €0 | -€4,436 | -100% |
| Other operating charges | 640/8 | €24,172 | €16,012 | -€8,160 | -33.8% |
| Operating profit (loss) | 9901 | €17,388 | €15,261 | -€2,127 | -12.2% |
| Financial income | 75/76B | €905,449 | €1,020,353 | +€114,904 | +12.7% |
| Recurring financial income | 75 | €905,449 | €1,020,353 | +€114,904 | +12.7% |
| Income from current assets | 751 | - | €3,233 | +€3,233 | |
| Other financial income | 752/9 | €905,449 | €1,017,120 | +€111,671 | +12.3% |
| Financial charges | 65/66B | €909,462 | €1,020,200 | +€110,738 | +12.2% |
| Recurring financial charges | 65 | €909,462 | €1,020,200 | +€110,738 | +12.2% |
| Debt charges | 650 | €1,858 | €2,439 | +€582 | +31.3% |
| Other financial charges | 652/9 | €907,604 | €1,017,761 | +€110,157 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €13,375 | €15,414 | +€2,039 | +15.2% |
| Income taxes | 67/77 | €11,962 | €13,574 | +€1,612 | +13.5% |
| Taxes | 670/3 | €11,962 | €13,574 | +€1,612 | +13.5% |
| Profit (loss) for the period | 9904 | €1,413 | €1,841 | +€427 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,413 | €1,841 | +€427 | +30.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.