PJM Services: 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.
PJM Services
Largest movements
- Cash +€42,994
up €42,994 (+249.3%), from €17,245 to €60,239
mainly Net result for the year (+€73,070) and Receivables within one year (+€7,955)
- Receivables within one year -€7,955
down €7,955 (-17.5%), from €45,346 to €37,391
- Deferred charges and accrued income +€2,450
new in 2025: €2,450
- Reserves +€73,070
up €73,070, from €0 to €73,070
- Tax, wage and social debts -€37,577
down €37,577 (-67.7%), from €55,523 to €17,946
- Trade debts +€2,816
up €2,816 (+57.6%), from €4,888 to €7,704
- Other debts -€1,615
down €1,615 (-15.4%), from €10,513 to €8,898
- Gross operating margin +€3,558
up €3,558 (+3.6%), from €97,505 to €101,063
- Other operating charges -€2,075
down €2,075 (-65.3%), from €3,177 to €1,102
- Financial income -€1,937
down €1,937 (-99.9%), from €1,938 to €1
- Taxes +€1,079
up €1,079 (+5.4%), from €19,884 to €20,963
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 | €73,423 | €110,118 | +€36,695 | +50.0% |
| Fixed assets | 21/28 | €10,832 | €10,039 | -€793 | -7.3% |
| Tangible fixed assets | 22/27 | €10,832 | €10,039 | -€793 | -7.3% |
| Land and buildings | 22 | €10,832 | €6,974 | -€3,858 | -35.6% |
| Furniture and vehicles | 24 | - | €3,065 | +€3,065 | |
| Current assets | 29/58 | €62,591 | €100,079 | +€37,488 | +59.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €45,346 | €37,391 | -€7,955 | -17.5% |
| Trade receivables | 40 | €45,346 | €37,391 | -€7,955 | -17.5% |
| Cash at bank and in hand | 54/58 | €17,245 | €60,239 | +€42,994 | +249.3% |
| Deferred charges and accrued income | 490/1 | - | €2,450 | +€2,450 | |
| Total equity and liabilities | 10/49 | €73,423 | €110,118 | +€36,695 | +50.0% |
| Equity | 10/15 | €2,500 | €75,570 | +€73,070 | +2922.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | €73,070 | +€73,070 | |
| Distributable reserves | 133 | €0 | €73,070 | +€73,070 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,923 | €34,548 | -€36,375 | -51.3% |
| Amounts payable within one year | 42/48 | €70,923 | €34,548 | -€36,375 | -51.3% |
| Trade debts | 44 | €4,888 | €7,704 | +€2,816 | +57.6% |
| Suppliers | 440/4 | €4,888 | €7,704 | +€2,816 | +57.6% |
| Taxes, remuneration and social security | 45 | €55,523 | €17,946 | -€37,577 | -67.7% |
| Taxes | 450/3 | €55,523 | €17,946 | -€37,577 | -67.7% |
| Other amounts payable | 47/48 | €10,513 | €8,898 | -€1,615 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,858 | €4,678 | +€819 | +21.2% |
| Other operating charges | 640/8 | €3,177 | €1,102 | -€2,075 | -65.3% |
| Gross operating margin | 9900 | €97,505 | €101,063 | +€3,558 | +3.6% |
| Operating profit (loss) | 9901 | €90,470 | €95,283 | +€4,813 | +5.3% |
| Financial income | 75/76B | €1,938 | €1 | -€1,937 | -99.9% |
| Recurring financial income | 75 | €1,938 | €1 | -€1,937 | -99.9% |
| Financial charges | 65/66B | €1,555 | €1,251 | -€304 | -19.6% |
| Recurring financial charges | 65 | €1,555 | €1,251 | -€304 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €90,853 | €94,033 | +€3,180 | +3.5% |
| Income taxes | 67/77 | €19,884 | €20,963 | +€1,079 | +5.4% |
| Profit (loss) for the period | 9904 | €70,969 | €73,070 | +€2,101 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,969 | €73,070 | +€2,101 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.