P.M.R.: 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.R.
Largest movements
- Tangible fixed assets +€12,478
new in 2025: €12,478
- Receivables within one year +€5,385
up €5,385 (+164%), from €3,284 to €8,669
of which Trade receivables: +€8,594
- Cash -€317
down €317 (-5.8%), from €5,493 to €5,176
- Other debts +€23,044
up €23,044 (+45.6%), from €50,565 to €73,609
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Reserves +€18,592
up €18,592 (+1,000%), from €1,859 to €20,451
of which Distributable reserves: +€20,451
- Profit (loss) carried forward -€14,067
down €14,067 (-21.7%), from -€64,879 to -€78,945
- Trade debts +€8,462
up €8,462 (+1,421%), from €596 to €9,058
- Gross operating margin -€4,492
down €4,492 (-145%), from -€3,091 to -€7,583
- Depreciation +€3,430
new in 2025: €3,430
- Other operating charges +€998
up €998 (+184%), from €541 to €1,540
- Financial charges +€931
up €931 (+556%), from €168 to €1,099
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,144 | €26,709 | +€17,565 | +192% |
| Fixed assets | 21/28 | - | €12,478 | +€12,478 | |
| Tangible fixed assets | 22/27 | - | €12,478 | +€12,478 | |
| Furniture and vehicles | 24 | - | €12,478 | +€12,478 | |
| Current assets | 29/58 | €9,144 | €14,231 | +€5,086 | +55.6% |
| Amounts receivable within one year | 40/41 | €3,284 | €8,669 | +€5,385 | +164% |
| Trade receivables | 40 | €75 | €8,669 | +€8,594 | +11,528% |
| Other amounts receivable | 41 | €3,209 | - | -€3,209 | |
| Cash at bank and in hand | 54/58 | €5,493 | €5,176 | -€317 | -5.8% |
| Deferred charges and accrued income | 490/1 | €367 | €386 | +€19 | +5.2% |
| Total equity and liabilities | 10/49 | €9,144 | €26,709 | +€17,565 | +192% |
| Equity | 10/15 | -€44,428 | -€58,494 | -€14,067 | -31.7% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €20,451 | +€18,592 | +1,000% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €20,451 | +€20,451 | |
| Profit (loss) carried forward | 14 | -€64,879 | -€78,945 | -€14,067 | -21.7% |
| Amounts payable | 17/49 | €53,572 | €85,203 | +€31,631 | +59.0% |
| Amounts payable within one year | 42/48 | €53,572 | €85,203 | +€31,631 | +59.0% |
| Trade debts | 44 | €596 | €9,058 | +€8,462 | +1,421% |
| Suppliers | 440/4 | €596 | €9,058 | +€8,462 | +1,421% |
| Taxes, remuneration and social security | 45 | €2,411 | €2,536 | +€125 | +5.2% |
| Taxes | 450/3 | €2,411 | €2,536 | +€125 | +5.2% |
| Other amounts payable | 47/48 | €50,565 | €73,609 | +€23,044 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,430 | +€3,430 | |
| Other operating charges | 640/8 | €541 | €1,540 | +€998 | +184% |
| Non-recurring operating charges | 66A | €373 | €45 | -€328 | -87.9% |
| Gross operating margin | 9900 | -€3,091 | -€7,583 | -€4,492 | -145% |
| Operating profit (loss) | 9901 | -€4,006 | -€12,597 | -€8,591 | -214% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.7% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.7% |
| Financial charges | 65/66B | €168 | €1,099 | +€931 | +556% |
| Recurring financial charges | 65 | €168 | €1,099 | +€931 | +556% |
| Profit (loss) for the period before taxes | 9903 | -€4,167 | -€13,696 | -€9,530 | -229% |
| Profit (loss) for the period | 9904 | -€4,167 | -€13,696 | -€9,530 | -229% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,167 | -€13,696 | -€9,530 | -229% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.