P&M TRANS: 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 TRANS
Largest movements
- Receivables within one year +€316,926
up €316,926 (+94.9%), from €333,872 to €650,798
of which Trade receivables: +€327,201
- Cash +€168,356
up €168,356 (+2,173%), from €7,747 to €176,103
mainly Net result for the year (+€291,836) and Tax, wage and social debts (+€102,000)
- Reserves +€288,036
up €288,036 (+112%), from €256,934 to €544,970
of which Distributable reserves: +€288,036
- Tax, wage and social debts +€102,000
up €102,000 (+446%), from €22,885 to €124,886
- Trade debts +€59,898
up €59,898 (+42.6%), from €140,624 to €200,522
- Current portion of long-term debt +€14,918
up €14,918 (+51.5%), from €28,966 to €43,884
- Debts after one year +€13,116
up €13,116 (+13.9%), from €94,342 to €107,458
- Gross operating margin +€400,241
up €400,241 (+317%), from €126,247 to €526,488
- Taxes +€119,497
up €119,497 (+689%), from €17,331 to €136,828
- Staff costs -€23,615
down €23,615 (-100%), from €23,615 to €0
- Financial income -€19,310
down €19,310 (-90.5%), from €21,336 to €2,026
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 | €581,469 | €1,068,340 | +€486,871 | +83.7% |
| Fixed assets | 21/28 | €238,128 | €239,320 | +€1,192 | +0.5% |
| Tangible fixed assets | 22/27 | €238,128 | €239,320 | +€1,192 | +0.5% |
| Plant, machinery and equipment | 23 | €1,601 | €1,091 | -€510 | -31.8% |
| Furniture and vehicles | 24 | €134,996 | €126,388 | -€8,608 | -6.4% |
| Other tangible fixed assets | 26 | €101,530 | €111,841 | +€10,310 | +10.2% |
| Current assets | 29/58 | €343,341 | €829,020 | +€485,678 | +141% |
| Amounts receivable within one year | 40/41 | €333,872 | €650,798 | +€316,926 | +94.9% |
| Trade receivables | 40 | €255,251 | €582,451 | +€327,201 | +128% |
| Other amounts receivable | 41 | €78,622 | €68,347 | -€10,275 | -13.1% |
| Cash at bank and in hand | 54/58 | €7,747 | €176,103 | +€168,356 | +2,173% |
| Deferred charges and accrued income | 490/1 | €1,722 | €2,119 | +€396 | +23.0% |
| Total equity and liabilities | 10/49 | €581,469 | €1,068,340 | +€486,871 | +83.7% |
| Equity | 10/15 | €275,534 | €563,570 | +€288,036 | +105% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,934 | €544,970 | +€288,036 | +112% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €255,074 | €543,110 | +€288,036 | +113% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €305,935 | €504,770 | +€198,835 | +65.0% |
| Amounts payable after more than one year | 17 | €94,342 | €107,458 | +€13,116 | +13.9% |
| Financial debts | 170/4 | €94,342 | €107,458 | +€13,116 | +13.9% |
| Amounts payable within one year | 42/48 | €198,843 | €385,630 | +€186,786 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | €28,966 | €43,884 | +€14,918 | +51.5% |
| Financial debts | 43 | €5,069 | €10,137 | +€5,068 | +100.0% |
| Credit institutions | 430/8 | €5,069 | €10,137 | +€5,068 | +100.0% |
| Trade debts | 44 | €140,624 | €200,522 | +€59,898 | +42.6% |
| Suppliers | 440/4 | €140,624 | €200,522 | +€59,898 | +42.6% |
| Taxes, remuneration and social security | 45 | €22,885 | €124,886 | +€102,000 | +446% |
| Taxes | 450/3 | €22,885 | €124,886 | +€102,000 | +446% |
| Other amounts payable | 47/48 | €1,300 | €6,202 | +€4,902 | +377% |
| Accrued charges and deferred income | 492/3 | €12,750 | €11,682 | -€1,068 | -8.4% |
| Remuneration, social security and pensions | 62 | €23,615 | €0 | -€23,615 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,863 | €42,388 | +€526 | +1.3% |
| Other operating charges | 640/8 | €7,513 | €11,938 | +€4,425 | +58.9% |
| Non-recurring operating charges | 66A | - | €30,517 | +€30,517 | |
| Gross operating margin | 9900 | €126,247 | €526,488 | +€400,241 | +317% |
| Operating profit (loss) | 9901 | €53,256 | €441,644 | +€388,389 | +729% |
| Financial income | 75/76B | €21,336 | €2,026 | -€19,310 | -90.5% |
| Recurring financial income | 75 | €21,336 | €2,026 | -€19,310 | -90.5% |
| Financial charges | 65/66B | €13,761 | €15,006 | +€1,245 | +9.0% |
| Recurring financial charges | 65 | €13,761 | €15,006 | +€1,245 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €60,830 | €428,664 | +€367,834 | +605% |
| Income taxes | 67/77 | €17,331 | €136,828 | +€119,497 | +689% |
| Profit (loss) for the period | 9904 | €43,499 | €291,836 | +€248,337 | +571% |
| Profit (loss) for the period to be appropriated | 9905 | €43,499 | €291,836 | +€248,337 | +571% |
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 30 October 2026 via checked.be.