PJM MOTORS: 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.
PJM MOTORS
Largest movements
- Receivables within one year +€40,163
up €40,163 (+241%), from €16,665 to €56,828
of which Trade receivables: +€37,950
- Tangible fixed assets -€18,781
down €18,781 (-62.0%), from €30,295 to €11,513
of which Leasing and similar rights: -€12,971
- Cash +€18,116
new in 2025: €18,116
mainly Short-term financial debts (+€34,156) and Investment in fixed assets (net) (+€13,321)
- Stocks and contracts -€6,350
down €6,350 (-28.9%), from €21,950 to €15,600
- Deferred charges and accrued income +€4,963
new in 2025: €4,963
- Short-term financial debts +€34,156
up €34,156 (+580%), from €5,893 to €40,049
- Current portion of long-term debt -€13,780
down €13,780 (-100%), from €13,780 to €0
- Reserves +€12,117
up €12,117 (+43.9%), from €27,620 to €39,737
- Other debts +€9,107
up €9,107 (+86.2%), from €10,568 to €19,675
- Debts after one year -€7,090
down €7,090 (-100%), from €7,090 to €0
- Gross operating margin +€16,704
up €16,704 (+178%), from €9,408 to €26,111
- Depreciation -€5,336
down €5,336 (-47.9%), from €11,146 to €5,811
- Taxes +€1,252
up €1,252 (+1,224%), from €102 to €1,354
- Financial charges -€1,158
down €1,158 (-23.1%), from €5,021 to €3,863
- Other operating charges +€651
up €651 (+28.1%), from €2,316 to €2,967
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 | €69,260 | €107,020 | +€37,760 | +54.5% |
| Fixed assets | 21/28 | €30,645 | €11,513 | -€19,131 | -62.4% |
| Tangible fixed assets | 22/27 | €30,295 | €11,513 | -€18,781 | -62.0% |
| Land and buildings | 22 | €1,580 | €1,332 | -€248 | -15.7% |
| Plant, machinery and equipment | 23 | €431 | €182 | -€249 | -57.8% |
| Furniture and vehicles | 24 | €15,314 | €10,000 | -€5,314 | -34.7% |
| Leasing and similar rights | 25 | €12,971 | €0 | -€12,971 | -100% |
| Financial fixed assets | 28 | €350 | €0 | -€350 | -100% |
| Current assets | 29/58 | €38,615 | €95,507 | +€56,891 | +147% |
| Stocks and contracts in progress | 3 | €21,950 | €15,600 | -€6,350 | -28.9% |
| Stocks | 30/36 | €21,950 | €15,600 | -€6,350 | -28.9% |
| Amounts receivable within one year | 40/41 | €16,665 | €56,828 | +€40,163 | +241% |
| Trade receivables | 40 | €15,307 | €53,257 | +€37,950 | +248% |
| Other amounts receivable | 41 | €1,358 | €3,571 | +€2,213 | +163% |
| Cash at bank and in hand | 54/58 | - | €18,116 | +€18,116 | |
| Deferred charges and accrued income | 490/1 | - | €4,963 | +€4,963 | |
| Total equity and liabilities | 10/49 | €69,260 | €107,020 | +€37,760 | +54.5% |
| Equity | 10/15 | €30,620 | €42,737 | +€12,117 | +39.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,620 | €39,737 | +€12,117 | +43.9% |
| Distributable reserves | 133 | €27,620 | €39,737 | +€12,117 | +43.9% |
| Amounts payable | 17/49 | €38,639 | €64,283 | +€25,644 | +66.4% |
| Amounts payable after more than one year | 17 | €7,090 | €0 | -€7,090 | -100% |
| Financial debts | 170/4 | €7,090 | €0 | -€7,090 | -100% |
| Amounts payable within one year | 42/48 | €31,550 | €64,283 | +€32,734 | +104% |
| Current portion of amounts payable after more than one year | 42 | €13,780 | €0 | -€13,780 | -100% |
| Financial debts | 43 | €5,893 | €40,049 | +€34,156 | +580% |
| Credit institutions | 430/8 | €5,893 | €40,049 | +€34,156 | +580% |
| Trade debts | 44 | €1,206 | €2,708 | +€1,502 | +125% |
| Suppliers | 440/4 | €1,206 | €2,708 | +€1,502 | +125% |
| Taxes, remuneration and social security | 45 | €102 | €1,852 | +€1,749 | +1,710% |
| Taxes | 450/3 | €102 | €1,852 | +€1,749 | +1,710% |
| Other amounts payable | 47/48 | €10,568 | €19,675 | +€9,107 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,146 | €5,811 | -€5,336 | -47.9% |
| Other operating charges | 640/8 | €2,316 | €2,967 | +€651 | +28.1% |
| Gross operating margin | 9900 | €9,408 | €26,111 | +€16,704 | +178% |
| Operating profit (loss) | 9901 | -€4,055 | €17,334 | +€21,389 | |
| Financial charges | 65/66B | €5,021 | €3,863 | -€1,158 | -23.1% |
| Recurring financial charges | 65 | €5,021 | €3,863 | -€1,158 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,076 | €13,471 | +€22,547 | |
| Income taxes | 67/77 | €102 | €1,354 | +€1,252 | +1,224% |
| Profit (loss) for the period | 9904 | -€9,178 | €12,117 | +€21,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,178 | €12,117 | +€21,295 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.