PIMM Engineering: 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.
PIMM Engineering
Largest movements
- Receivables within one year +€311,877
up €311,877 (+127%), from €245,362 to €557,239
of which Trade receivables: +€299,475
- Tangible fixed assets -€53,397
down €53,397 (-6.1%), from €873,378 to €819,981
of which Land and buildings: -€43,232
- Stocks and contracts -€20,732
down €20,732 (-5.4%), from €383,426 to €362,694
- Debts after one year -€324,475
down €324,475 (-54.5%), from €594,897 to €270,422
- Current portion of long-term debt +€282,674
up €282,674 (+365%), from €77,395 to €360,069
- Trade debts +€150,901
up €150,901 (+42.8%), from €352,653 to €503,554
- Tax, wage and social debts +€96,350
up €96,350 (+57.4%), from €167,717 to €264,067
of which Remuneration and social security: +€111,310
- Other debts +€85,427
up €85,427 (+36.9%), from €231,587 to €317,014
- Gross operating margin +€343,953
up €343,953 (+55.8%), from €616,231 to €960,184
- Staff costs +€77,379
up €77,379 (+9.9%), from €781,830 to €859,209
- Financial charges +€24,997
up €24,997 (+60.6%), from €41,280 to €66,277
of which Financial charges: +€25,097
- Other operating charges -€11,351
down €11,351 (-44.1%), from €25,729 to €14,378
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 | €1,597,075 | €1,831,323 | +€234,248 | +14.7% |
| Fixed assets | 21/28 | €911,161 | €844,451 | -€66,710 | -7.3% |
| Intangible fixed assets | 21 | €37,436 | €24,122 | -€13,313 | -35.6% |
| Tangible fixed assets | 22/27 | €873,378 | €819,981 | -€53,397 | -6.1% |
| Land and buildings | 22 | €792,657 | €749,425 | -€43,232 | -5.5% |
| Plant, machinery and equipment | 23 | €54,589 | €54,468 | -€121 | -0.2% |
| Furniture and vehicles | 24 | €26,132 | €16,087 | -€10,045 | -38.4% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €685,914 | €986,873 | +€300,958 | +43.9% |
| Stocks and contracts in progress | 3 | €383,426 | €362,694 | -€20,732 | -5.4% |
| Stocks | 30/36 | €383,426 | €362,694 | -€20,732 | -5.4% |
| Amounts receivable within one year | 40/41 | €245,362 | €557,239 | +€311,877 | +127% |
| Trade receivables | 40 | €229,230 | €528,705 | +€299,475 | +131% |
| Other amounts receivable | 41 | €16,132 | €28,533 | +€12,401 | +76.9% |
| Cash at bank and in hand | 54/58 | €9,316 | €5,449 | -€3,867 | -41.5% |
| Deferred charges and accrued income | 490/1 | €47,811 | €61,491 | +€13,680 | +28.6% |
| Total equity and liabilities | 10/49 | €1,597,075 | €1,831,323 | +€234,248 | +14.7% |
| Equity | 10/15 | €2,826 | -€68,380 | -€71,207 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €128,598 | €128,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €125,598 | €125,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,772 | -€226,978 | -€71,207 | -45.7% |
| Amounts payable | 17/49 | €1,594,249 | €1,899,704 | +€305,455 | +19.2% |
| Amounts payable after more than one year | 17 | €594,897 | €270,422 | -€324,475 | -54.5% |
| Financial debts | 170/4 | €594,897 | €270,422 | -€324,475 | -54.5% |
| Amounts payable within one year | 42/48 | €999,352 | €1,629,282 | +€629,930 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €77,395 | €360,069 | +€282,674 | +365% |
| Financial debts | 43 | €170,000 | €184,578 | +€14,578 | +8.6% |
| Credit institutions | 430/8 | €170,000 | €165,826 | -€4,174 | -2.5% |
| Other loans | 439 | - | €18,752 | +€18,752 | |
| Trade debts | 44 | €352,653 | €503,554 | +€150,901 | +42.8% |
| Suppliers | 440/4 | €352,653 | €503,554 | +€150,901 | +42.8% |
| Taxes, remuneration and social security | 45 | €167,717 | €264,067 | +€96,350 | +57.4% |
| Taxes | 450/3 | €61,973 | €47,013 | -€14,960 | -24.1% |
| Remuneration and social security | 454/9 | €105,745 | €217,055 | +€111,310 | +105% |
| Other amounts payable | 47/48 | €231,587 | €317,014 | +€85,427 | +36.9% |
| Remuneration, social security and pensions | 62 | €781,830 | €859,209 | +€77,379 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,714 | €89,900 | +€6,186 | +7.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €350 | +€350 | |
| Other operating charges | 640/8 | €25,729 | €14,378 | -€11,351 | -44.1% |
| Non-recurring operating charges | 66A | €532 | - | -€532 | |
| Gross operating margin | 9900 | €616,231 | €960,184 | +€343,953 | +55.8% |
| Operating profit (loss) | 9901 | -€275,573 | -€3,652 | +€271,921 | +98.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -93.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -93.7% |
| Financial charges | 65/66B | €41,280 | €66,277 | +€24,997 | +60.6% |
| Recurring financial charges | 65 | €41,180 | €66,277 | +€25,097 | +60.9% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | -€316,851 | -€69,929 | +€246,922 | +77.9% |
| Income taxes | 67/77 | -€206 | €1,278 | +€1,484 | |
| Profit (loss) for the period | 9904 | -€316,644 | -€71,207 | +€245,438 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,644 | -€71,207 | +€245,438 | +77.5% |
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 13 October 2026 via checked.be.