(PM)2 Consult: 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.
(PM)2 Consult
Largest movements
- Cash +€26,355
up €26,355 (+84.4%), from €31,233 to €57,589
mainly Net result for the year (+€37,830) and Tax, wage and social debts (+€4,475)
- Receivables within one year +€5,812
up €5,812 (+25.4%), from €22,916 to €28,729
of which Trade receivables: +€10,164
- Reserves +€37,830
up €37,830 (+126%), from €30,090 to €67,920
- Other debts -€13,944
down €13,944 (-64.0%), from €21,776 to €7,832
- Tax, wage and social debts +€4,475
new in 2025: €4,475
- Short-term financial debts +€4,317
new in 2025: €4,317
- Gross operating margin -€10,734
down €10,734 (-15.5%), from €69,316 to €58,582
- Taxes -€1,626
down €1,626 (-9.4%), from €17,277 to €15,650
- Financial charges +€1,197
up €1,197 (+123%), from €970 to €2,167
- Depreciation +€1,085
up €1,085 (+70.9%), from €1,530 to €2,615
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 | €65,661 | €98,253 | +€32,593 | +49.6% |
| Fixed assets | 21/28 | €11,511 | €11,936 | +€425 | +3.7% |
| Tangible fixed assets | 22/27 | €11,511 | €11,936 | +€425 | +3.7% |
| Plant, machinery and equipment | 23 | €6,537 | €8,020 | +€1,483 | +22.7% |
| Furniture and vehicles | 24 | €4,974 | €3,916 | -€1,058 | -21.3% |
| Current assets | 29/58 | €54,149 | €86,317 | +€32,168 | +59.4% |
| Amounts receivable within one year | 40/41 | €22,916 | €28,729 | +€5,812 | +25.4% |
| Trade receivables | 40 | €16,940 | €27,104 | +€10,164 | +60.0% |
| Other amounts receivable | 41 | €5,976 | €1,625 | -€4,352 | -72.8% |
| Cash at bank and in hand | 54/58 | €31,233 | €57,589 | +€26,355 | +84.4% |
| Total equity and liabilities | 10/49 | €65,661 | €98,253 | +€32,593 | +49.6% |
| Equity | 10/15 | €43,090 | €80,920 | +€37,830 | +87.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €30,090 | €67,920 | +€37,830 | +126% |
| Distributable reserves | 133 | €30,090 | €67,920 | +€37,830 | +126% |
| Amounts payable | 17/49 | €22,570 | €17,333 | -€5,237 | -23.2% |
| Amounts payable within one year | 42/48 | €22,570 | €17,333 | -€5,237 | -23.2% |
| Financial debts | 43 | - | €4,317 | +€4,317 | |
| Credit institutions | 430/8 | - | €4,317 | +€4,317 | |
| Trade debts | 44 | €794 | €709 | -€85 | -10.7% |
| Suppliers | 440/4 | €794 | €709 | -€85 | -10.7% |
| Taxes, remuneration and social security | 45 | - | €4,475 | +€4,475 | |
| Taxes | 450/3 | - | €4,475 | +€4,475 | |
| Other amounts payable | 47/48 | €21,776 | €7,832 | -€13,944 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €2,615 | +€1,085 | +70.9% |
| Other operating charges | 640/8 | €114 | €465 | +€352 | +309% |
| Gross operating margin | 9900 | €69,316 | €58,582 | -€10,734 | -15.5% |
| Operating profit (loss) | 9901 | €67,672 | €55,502 | -€12,170 | -18.0% |
| Financial income | 75/76B | €41 | €146 | +€105 | +253% |
| Recurring financial income | 75 | €41 | €146 | +€105 | +253% |
| Financial charges | 65/66B | €970 | €2,167 | +€1,197 | +123% |
| Recurring financial charges | 65 | €970 | €2,167 | +€1,197 | +123% |
| Profit (loss) for the period before taxes | 9903 | €66,743 | €53,481 | -€13,263 | -19.9% |
| Income taxes | 67/77 | €17,277 | €15,650 | -€1,626 | -9.4% |
| Profit (loss) for the period | 9904 | €49,466 | €37,830 | -€11,636 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,466 | €37,830 | -€11,636 | -23.5% |
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 20 October 2026 via checked.be.