PGMCM: what changed
Two fiscal 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.
PGMCM
Largest movements
- Receivables within one year +€120,149
up €120,149 (+2589.0%), from €4,641 to €124,789
of which Other amounts receivable: +€120,801
- Cash -€72,135
down €72,135 (-91.5%), from €78,875 to €6,740
mainly Receivables within one year (-€120,149) and Other debts (-€67,241)
- Profit (loss) carried forward +€86,834
up €86,834, from -€84,926 to €1,908
- Other debts -€67,241
down €67,241 (-45.4%), from €147,946 to €80,705
- Tax, wage and social debts +€29,391
new in 2025: €29,391
- Staff costs -€68,738
no longer reported in 2025 (was €68,738)
- Gross operating margin -€45,933
down €45,933 (-32.4%), from €141,633 to €95,699
- Taxes +€8,610
new in 2025: €8,610
- Financial charges -€4,457
down €4,457 (-94.6%), from €4,712 to €255
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.
Cash bridge derived
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 | €83,592 | €132,539 | +€48,947 | +58.6% |
| Current assets | 29/58 | €83,592 | €132,539 | +€48,947 | +58.6% |
| Amounts receivable within one year | 40/41 | €4,641 | €124,789 | +€120,149 | +2589.0% |
| Trade receivables | 40 | €3,662 | €3,010 | -€652 | -17.8% |
| Other amounts receivable | 41 | €979 | €121,780 | +€120,801 | +12344.3% |
| Cash at bank and in hand | 54/58 | €78,875 | €6,740 | -€72,135 | -91.5% |
| Deferred charges and accrued income | 490/1 | €76 | €1,009 | +€933 | +1220.0% |
| Total equity and liabilities | 10/49 | €83,592 | €132,539 | +€48,947 | +58.6% |
| Equity | 10/15 | -€66,326 | €20,508 | +€86,834 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,926 | €1,908 | +€86,834 | |
| Amounts payable | 17/49 | €149,919 | €112,031 | -€37,887 | -25.3% |
| Amounts payable within one year | 42/48 | €149,600 | €112,031 | -€37,569 | -25.1% |
| Trade debts | 44 | €1,654 | €1,936 | +€281 | +17.0% |
| Suppliers | 440/4 | €1,654 | €1,936 | +€281 | +17.0% |
| Taxes, remuneration and social security | 45 | - | €29,391 | +€29,391 | |
| Taxes | 450/3 | - | €29,391 | +€29,391 | |
| Other amounts payable | 47/48 | €147,946 | €80,705 | -€67,241 | -45.4% |
| Accrued charges and deferred income | 492/3 | €319 | - | -€319 | |
| Remuneration, social security and pensions | 62 | €68,738 | - | -€68,738 | |
| Other operating charges | 640/8 | €388 | - | -€388 | |
| Gross operating margin | 9900 | €141,633 | €95,699 | -€45,933 | -32.4% |
| Operating profit (loss) | 9901 | €72,507 | €95,699 | +€23,192 | +32.0% |
| Financial charges | 65/66B | €4,712 | €255 | -€4,457 | -94.6% |
| Recurring financial charges | 65 | €4,712 | €255 | -€4,457 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €67,795 | €95,444 | +€27,649 | +40.8% |
| Income taxes | 67/77 | - | €8,610 | +€8,610 | |
| Profit (loss) for the period | 9904 | €67,795 | €86,834 | +€19,039 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,795 | €86,834 | +€19,039 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.