PM CONSTRUCT: what changed
PM CONSTRUCT
Largest movements
- Cash +€16,924
up €16,924 (+9.3%), from €181,631 to €198,555
mainly Net result for the year (+€19,034) and Other debts (+€7,700)
- Receivables within one year +€11,097
up €11,097 (+44.5%), from €24,954 to €36,051
of which Trade receivables: +€11,097
- Profit (loss) carried forward +€19,034
up €19,034 (+16.3%), from €116,775 to €135,809
- Other debts +€7,700
up €7,700 (+14.7%), from €52,499 to €60,199
- Trade debts +€4,885
up €4,885 (+357%), from €1,369 to €6,254
- Tax, wage and social debts -€3,932
down €3,932 (-24.9%), from €15,816 to €11,884
- Gross operating margin -€15,651
down €15,651 (-39.9%), from €39,197 to €23,547
- Taxes -€11,967
down €11,967 (-72.8%), from €16,449 to €4,482
- Depreciation -€658
down €658 (-66.3%), from €992 to €335
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,919 | €288,606 | +€27,687 | +10.6% |
| Fixed assets | 21/28 | €335 | - | -€335 | |
| Tangible fixed assets | 22/27 | €335 | €0 | -€335 | -100% |
| Furniture and vehicles | 24 | €335 | - | -€335 | |
| Current assets | 29/58 | €260,584 | €288,606 | +€28,021 | +10.8% |
| Amounts receivable within one year | 40/41 | €24,954 | €36,051 | +€11,097 | +44.5% |
| Trade receivables | 40 | €23,534 | €34,631 | +€11,097 | +47.2% |
| Other amounts receivable | 41 | €1,420 | €1,420 | = | 0.0% |
| Current investments | 50/53 | €54,000 | €54,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €181,631 | €198,555 | +€16,924 | +9.3% |
| Total equity and liabilities | 10/49 | €260,919 | €288,606 | +€27,687 | +10.6% |
| Equity | 10/15 | €191,235 | €210,269 | +€19,034 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €55,860 | €55,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,860 | €55,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,775 | €135,809 | +€19,034 | +16.3% |
| Amounts payable | 17/49 | €69,684 | €78,337 | +€8,653 | +12.4% |
| Amounts payable within one year | 42/48 | €69,684 | €78,337 | +€8,653 | +12.4% |
| Trade debts | 44 | €1,369 | €6,254 | +€4,885 | +357% |
| Suppliers | 440/4 | €1,369 | €6,254 | +€4,885 | +357% |
| Taxes, remuneration and social security | 45 | €15,816 | €11,884 | -€3,932 | -24.9% |
| Taxes | 450/3 | €15,816 | €11,884 | -€3,932 | -24.9% |
| Other amounts payable | 47/48 | €52,499 | €60,199 | +€7,700 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €992 | €335 | -€658 | -66.3% |
| Other operating charges | 640/8 | €465 | €610 | +€146 | +31.3% |
| Gross operating margin | 9900 | €39,197 | €23,547 | -€15,651 | -39.9% |
| Operating profit (loss) | 9901 | €37,740 | €22,602 | -€15,138 | -40.1% |
| Financial income | 75/76B | €1,118 | €1,484 | +€366 | +32.7% |
| Recurring financial income | 75 | €1,118 | €1,484 | +€366 | +32.7% |
| Financial charges | 65/66B | €406 | €570 | +€163 | +40.2% |
| Recurring financial charges | 65 | €406 | €570 | +€163 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €38,452 | €23,516 | -€14,936 | -38.8% |
| Income taxes | 67/77 | €16,449 | €4,482 | -€11,967 | -72.8% |
| Profit (loss) for the period | 9904 | €22,004 | €19,034 | -€2,970 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,004 | €19,034 | -€2,970 | -13.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.