PM-ADVIES: 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-ADVIES
Largest movements
- Cash -€130,300
down €130,300 (-55.5%), from €234,673 to €104,372
mainly Contributions, distributions and other (-€330,500) and Current investments (-€75,000)
- Current investments +€75,000
new in 2025: €75,000
- Receivables within one year -€23,519
down €23,519 (-36.7%), from €64,045 to €40,526
of which Trade receivables: -€38,992
- Tangible fixed assets -€16,273
down €16,273 (-27.5%), from €59,139 to €42,865
of which Furniture and vehicles: -€15,762
- Profit (loss) carried forward -€186,996
down €186,996 (-99.7%), from €187,583 to €587
- Other debts +€102,164
up €102,164 (+110%), from €92,956 to €195,120
- Tax, wage and social debts -€9,616
down €9,616 (-20.1%), from €47,801 to €38,185
- Gross operating margin -€31,462
down €31,462 (-12.9%), from €243,796 to €212,334
- Financial income -€17,417
down €17,417 (-99.9%), from €17,433 to €16
- Taxes -€10,834
down €10,834 (-18.0%), from €60,297 to €49,463
- Depreciation +€2,710
up €2,710 (+17.6%), from €15,440 to €18,150
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 | €370,273 | €274,870 | -€95,403 | -25.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €59,139 | €42,865 | -€16,273 | -27.5% |
| Tangible fixed assets | 22/27 | €59,139 | €42,865 | -€16,273 | -27.5% |
| Land and buildings | 22 | €537 | €253 | -€285 | -53.0% |
| Plant, machinery and equipment | 23 | €10,281 | €10,054 | -€227 | -2.2% |
| Furniture and vehicles | 24 | €48,320 | €32,558 | -€15,762 | -32.6% |
| Current assets | 29/58 | €311,135 | €232,005 | -€79,130 | -25.4% |
| Amounts receivable within one year | 40/41 | €64,045 | €40,526 | -€23,519 | -36.7% |
| Trade receivables | 40 | €64,045 | €25,053 | -€38,992 | -60.9% |
| Other amounts receivable | 41 | - | €15,474 | +€15,474 | |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €234,673 | €104,372 | -€130,300 | -55.5% |
| Deferred charges and accrued income | 490/1 | €12,417 | €12,106 | -€311 | -2.5% |
| Total equity and liabilities | 10/49 | €370,273 | €274,870 | -€95,403 | -25.8% |
| Equity | 10/15 | €192,583 | €5,587 | -€186,996 | -97.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,583 | €587 | -€186,996 | -99.7% |
| Amounts payable | 17/49 | €177,691 | €269,283 | +€91,593 | +51.5% |
| Amounts payable within one year | 42/48 | €177,691 | €269,283 | +€91,593 | +51.5% |
| Trade debts | 44 | €36,934 | €35,978 | -€956 | -2.6% |
| Suppliers | 440/4 | €36,934 | €35,978 | -€956 | -2.6% |
| Taxes, remuneration and social security | 45 | €47,801 | €38,185 | -€9,616 | -20.1% |
| Taxes | 450/3 | €47,801 | €38,185 | -€9,616 | -20.1% |
| Other amounts payable | 47/48 | €92,956 | €195,120 | +€102,164 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,440 | €18,150 | +€2,710 | +17.6% |
| Other operating charges | 640/8 | €1,128 | €1,153 | +€25 | +2.2% |
| Gross operating margin | 9900 | €243,796 | €212,334 | -€31,462 | -12.9% |
| Operating profit (loss) | 9901 | €227,228 | €193,031 | -€34,197 | -15.0% |
| Financial income | 75/76B | €17,433 | €16 | -€17,417 | -99.9% |
| Recurring financial income | 75 | €17,433 | €16 | -€17,417 | -99.9% |
| Financial charges | 65/66B | €181 | €80 | -€101 | -55.8% |
| Recurring financial charges | 65 | €181 | €80 | -€101 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €244,481 | €192,967 | -€51,514 | -21.1% |
| Income taxes | 67/77 | €60,297 | €49,463 | -€10,834 | -18.0% |
| Profit (loss) for the period | 9904 | €184,184 | €143,504 | -€40,679 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €184,184 | €143,504 | -€40,679 | -22.1% |
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 17 October 2026 via checked.be.