PM-BOUW: 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-BOUW
Largest movements
- Cash +€49,398
up €49,398 (+182.6%), from €27,057 to €76,456
mainly Net result for the year (+€76,529) and Tax, wage and social debts (+€24,947)
- Receivables within one year +€27,197
up €27,197 (+101.2%), from €26,862 to €54,059
- Tangible fixed assets -€7,586
down €7,586 (-15.5%), from €49,035 to €41,450
of which Furniture and vehicles: -€10,257
- Reserves +€76,529
up €76,529 (+272.6%), from €28,072 to €104,600
- Tax, wage and social debts +€24,947
up €24,947 (+175.2%), from €14,238 to €39,185
- Other debts -€17,528
down €17,528 (-98.8%), from €17,747 to €218
- Debts after one year -€15,684
down €15,684 (-59.1%), from €26,520 to €10,836
- Gross operating margin +€79,553
up €79,553 (+197.3%), from €40,331 to €119,884
- Taxes +€22,994
up €22,994 (+308.8%), from €7,447 to €30,441
- Depreciation +€7,684
up €7,684 (+217.5%), from €3,533 to €11,216
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 | €102,955 | €171,964 | +€69,010 | +67.0% |
| Fixed assets | 21/28 | €49,035 | €41,450 | -€7,586 | -15.5% |
| Tangible fixed assets | 22/27 | €49,035 | €41,450 | -€7,586 | -15.5% |
| Plant, machinery and equipment | 23 | €1,206 | €1,659 | +€452 | +37.5% |
| Furniture and vehicles | 24 | €47,829 | €37,572 | -€10,257 | -21.4% |
| Other tangible fixed assets | 26 | - | €2,219 | +€2,219 | |
| Current assets | 29/58 | €53,919 | €130,515 | +€76,595 | +142.1% |
| Amounts receivable within one year | 40/41 | €26,862 | €54,059 | +€27,197 | +101.2% |
| Trade receivables | 40 | €26,862 | €54,059 | +€27,197 | +101.2% |
| Cash at bank and in hand | 54/58 | €27,057 | €76,456 | +€49,398 | +182.6% |
| Total equity and liabilities | 10/49 | €102,955 | €171,964 | +€69,010 | +67.0% |
| Equity | 10/15 | €29,072 | €105,600 | +€76,529 | +263.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,072 | €104,600 | +€76,529 | +272.6% |
| Distributable reserves | 133 | €28,072 | €104,600 | +€76,529 | +272.6% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €73,883 | €66,364 | -€7,519 | -10.2% |
| Amounts payable after more than one year | 17 | €26,520 | €10,836 | -€15,684 | -59.1% |
| Financial debts | 170/4 | €26,520 | €10,836 | -€15,684 | -59.1% |
| Amounts payable within one year | 42/48 | €47,363 | €55,528 | +€8,165 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €15,025 | €15,684 | +€659 | +4.4% |
| Trade debts | 44 | €352 | €440 | +€88 | +24.8% |
| Suppliers | 440/4 | €352 | €440 | +€88 | +24.8% |
| Taxes, remuneration and social security | 45 | €14,238 | €39,185 | +€24,947 | +175.2% |
| Taxes | 450/3 | €14,238 | €39,185 | +€24,947 | +175.2% |
| Other amounts payable | 47/48 | €17,747 | €218 | -€17,528 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,533 | €11,216 | +€7,684 | +217.5% |
| Other operating charges | 640/8 | €444 | €66 | -€378 | -85.2% |
| Gross operating margin | 9900 | €40,331 | €119,884 | +€79,553 | +197.3% |
| Operating profit (loss) | 9901 | €36,354 | €108,602 | +€72,247 | +198.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €836 | €1,632 | +€797 | +95.3% |
| Recurring financial charges | 65 | €836 | €1,632 | +€797 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €35,519 | €106,969 | +€71,451 | +201.2% |
| Income taxes | 67/77 | €7,447 | €30,441 | +€22,994 | +308.8% |
| Profit (loss) for the period | 9904 | €28,072 | €76,529 | +€48,457 | +172.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,072 | €76,529 | +€48,457 | +172.6% |
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 12 October 2026 via checked.be.