PCM: 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.
PCM
Largest movements
- Cash -€32,814
down €32,814 (-17.8%), from €184,804 to €151,990
mainly Contributions, distributions and other (-€71,005)
- Tangible fixed assets -€20,048
down €20,048 (-25.0%), from €80,192 to €60,144
- Reserves -€60,623
down €60,623 (-62.4%), from €97,129 to €36,506
- Tax, wage and social debts +€5,142
new in 2025: €5,142
- Financial charges -€12,396
down €12,396 (-99.7%), from €12,429 to €33
- Gross operating margin +€5,510
up €5,510 (+18.2%), from €30,217 to €35,727
- Taxes +€5,385
new in 2025: €5,385
- Financial income -€1,276
down €1,276 (-61.1%), from €2,088 to €812
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 | €265,483 | €212,543 | -€52,940 | -19.9% |
| Fixed assets | 21/28 | €80,192 | €60,144 | -€20,048 | -25.0% |
| Tangible fixed assets | 22/27 | €80,192 | €60,144 | -€20,048 | -25.0% |
| Land and buildings | 22 | €80,192 | €60,144 | -€20,048 | -25.0% |
| Current assets | 29/58 | €185,291 | €152,399 | -€32,892 | -17.8% |
| Amounts receivable within one year | 40/41 | €488 | €410 | -€78 | -16.0% |
| Other amounts receivable | 41 | €488 | €410 | -€78 | -16.0% |
| Cash at bank and in hand | 54/58 | €184,804 | €151,990 | -€32,814 | -17.8% |
| Total equity and liabilities | 10/49 | €265,483 | €212,543 | -€52,940 | -19.9% |
| Equity | 10/15 | €132,184 | €71,561 | -€60,623 | -45.9% |
| Contributions | 10/11 | €13,334 | €13,334 | = | 0.0% |
| Reserves | 13 | €97,129 | €36,506 | -€60,623 | -62.4% |
| Distributable reserves | 133 | €97,129 | €36,506 | -€60,623 | -62.4% |
| Profit (loss) carried forward | 14 | €21,721 | €21,721 | = | 0.0% |
| Amounts payable | 17/49 | €133,298 | €140,982 | +€7,683 | +5.8% |
| Amounts payable within one year | 42/48 | €133,298 | €140,982 | +€7,683 | +5.8% |
| Taxes, remuneration and social security | 45 | - | €5,142 | +€5,142 | |
| Taxes | 450/3 | - | €5,142 | +€5,142 | |
| Other amounts payable | 47/48 | €133,298 | €135,840 | +€2,542 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,048 | €20,048 | = | 0.0% |
| Other operating charges | 640/8 | €643 | €596 | -€47 | -7.3% |
| Non-recurring operating charges | 66A | - | €94 | +€94 | |
| Gross operating margin | 9900 | €30,217 | €35,727 | +€5,510 | +18.2% |
| Operating profit (loss) | 9901 | €9,527 | €14,989 | +€5,462 | +57.3% |
| Financial income | 75/76B | €2,088 | €812 | -€1,276 | -61.1% |
| Recurring financial income | 75 | €2,088 | €812 | -€1,276 | -61.1% |
| Financial charges | 65/66B | €12,429 | €33 | -€12,396 | -99.7% |
| Recurring financial charges | 65 | €12,429 | €33 | -€12,396 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€814 | €15,767 | +€16,581 | |
| Income taxes | 67/77 | - | €5,385 | +€5,385 | |
| Profit (loss) for the period | 9904 | -€814 | €10,382 | +€11,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€814 | €10,382 | +€11,196 |
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 22 October 2026 via checked.be.