PM CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Tangible fixed assets -€24,975
down €24,975 (-22.0%), from €113,723 to €88,748
of which Furniture and vehicles: -€25,379
- Stocks and contracts +€8,800
up €8,800 (+48.6%), from €18,099 to €26,899
of which Stocks: +€5,850
- Cash -€5,084
down €5,084 (-55.8%), from €9,117 to €4,033
mainly Debts after one year (-€26,100) and Other debts (-€9,281)
- Deferred charges and accrued income +€4,191
up €4,191 (+523%), from €801 to €4,991
- Receivables within one year +€1,909
up €1,909 (+12.1%), from €15,831 to €17,740
of which Other amounts receivable: +€6,956
- Debts after one year -€26,100
down €26,100 (-31.1%), from €83,856 to €57,756
- Current portion of long-term debt +€11,028
up €11,028 (+73.2%), from €15,072 to €26,100
- Other debts -€9,281
down €9,281 (-79.1%), from €11,727 to €2,446
- Trade debts +€6,429
up €6,429 (+74.8%), from €8,599 to €15,027
- Advances received +€4,289
up €4,289 (+52.5%), from €8,165 to €12,455
- Gross operating margin +€9,701
up €9,701 (+25.5%), from €37,994 to €47,695
- Staff costs +€8,887
up €8,887 (+232%), from €3,829 to €12,716
- Depreciation +€6,779
up €6,779 (+25.5%), from €26,562 to €33,341
- Other operating charges -€2,065
down €2,065 (-56.7%), from €3,640 to €1,575
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 | €160,776 | €144,616 | -€16,160 | -10.1% |
| Fixed assets | 21/28 | €116,928 | €90,953 | -€25,975 | -22.2% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €113,723 | €88,748 | -€24,975 | -22.0% |
| Plant, machinery and equipment | 23 | €14,028 | €14,432 | +€404 | +2.9% |
| Furniture and vehicles | 24 | €99,694 | €74,316 | -€25,379 | -25.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €43,849 | €53,664 | +€9,815 | +22.4% |
| Stocks and contracts in progress | 3 | €18,099 | €26,899 | +€8,800 | +48.6% |
| Stocks | 30/36 | €15,788 | €21,639 | +€5,850 | +37.1% |
| Contracts in progress | 37 | €2,311 | €5,261 | +€2,950 | +128% |
| Amounts receivable within one year | 40/41 | €15,831 | €17,740 | +€1,909 | +12.1% |
| Trade receivables | 40 | €5,279 | €232 | -€5,047 | -95.6% |
| Other amounts receivable | 41 | €10,553 | €17,508 | +€6,956 | +65.9% |
| Cash at bank and in hand | 54/58 | €9,117 | €4,033 | -€5,084 | -55.8% |
| Deferred charges and accrued income | 490/1 | €801 | €4,991 | +€4,191 | +523% |
| Total equity and liabilities | 10/49 | €160,776 | €144,616 | -€16,160 | -10.1% |
| Equity | 10/15 | €32,642 | €28,834 | -€3,808 | -11.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,642 | €20,834 | -€3,808 | -15.5% |
| Amounts payable | 17/49 | €128,134 | €115,782 | -€12,352 | -9.6% |
| Amounts payable after more than one year | 17 | €83,856 | €57,756 | -€26,100 | -31.1% |
| Financial debts | 170/4 | €83,856 | €57,756 | -€26,100 | -31.1% |
| Amounts payable within one year | 42/48 | €43,808 | €58,026 | +€14,218 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €15,072 | €26,100 | +€11,028 | +73.2% |
| Trade debts | 44 | €8,599 | €15,027 | +€6,429 | +74.8% |
| Suppliers | 440/4 | €8,599 | €15,027 | +€6,429 | +74.8% |
| Advances received on contracts in progress | 46 | €8,165 | €12,455 | +€4,289 | +52.5% |
| Taxes, remuneration and social security | 45 | €245 | €1,998 | +€1,753 | +716% |
| Taxes | 450/3 | €245 | €497 | +€253 | +103% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €11,727 | €2,446 | -€9,281 | -79.1% |
| Accrued charges and deferred income | 492/3 | €470 | - | -€470 | |
| Remuneration, social security and pensions | 62 | €3,829 | €12,716 | +€8,887 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,562 | €33,341 | +€6,779 | +25.5% |
| Other operating charges | 640/8 | €3,640 | €1,575 | -€2,065 | -56.7% |
| Gross operating margin | 9900 | €37,994 | €47,695 | +€9,701 | +25.5% |
| Operating profit (loss) | 9901 | €3,963 | €62 | -€3,901 | -98.4% |
| Financial income | 75/76B | €437 | €557 | +€120 | +27.4% |
| Recurring financial income | 75 | €437 | €557 | +€120 | +27.4% |
| Financial charges | 65/66B | €3,719 | €3,924 | +€205 | +5.5% |
| Recurring financial charges | 65 | €3,719 | €3,924 | +€205 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €681 | -€3,305 | -€3,987 | |
| Income taxes | 67/77 | €603 | €503 | -€100 | -16.6% |
| Profit (loss) for the period | 9904 | €79 | -€3,808 | -€3,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €79 | -€3,808 | -€3,887 |
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 27 October 2026 via checked.be.