PM ELEC: what changed
Two fiscal 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 ELEC
Largest movements
- Cash -€18,642
down €18,642 (-53.0%), from €35,206 to €16,564
mainly Trade debts (-€23,622) and Receivables within one year (-€14,548)
- Receivables within one year +€14,548
up €14,548 (+24.8%), from €58,706 to €73,254
of which Other amounts receivable: +€25,327
- Tangible fixed assets -€1,474
down €1,474 (-79.8%), from €1,848 to €374
of which Plant, machinery and equipment: -€1,157
- Financial fixed assets +€1,250
up €1,250 (+56.6%), from €2,207 to €3,457
- Trade debts -€23,622
down €23,622 (-89.7%), from €26,324 to €2,702
of which Bills of exchange payable: -€22,000
- Profit (loss) carried forward +€19,992
up €19,992 (+29.3%), from €68,196 to €88,188
- Gross operating margin +€19,664
up €19,664 (+12.4%), from €158,696 to €178,360
- Taxes +€12,983
new in 2024: €12,983
- Staff costs +€10,469
up €10,469 (+8.0%), from €130,961 to €141,429
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,967 | €93,648 | -€4,318 | -4.4% |
| Fixed assets | 21/28 | €4,055 | €3,831 | -€224 | -5.5% |
| Tangible fixed assets | 22/27 | €1,848 | €374 | -€1,474 | -79.8% |
| Plant, machinery and equipment | 23 | €1,531 | €374 | -€1,157 | -75.6% |
| Furniture and vehicles | 24 | €317 | €0 | -€317 | -100.0% |
| Financial fixed assets | 28 | €2,207 | €3,457 | +€1,250 | +56.6% |
| Current assets | 29/58 | €93,912 | €89,818 | -€4,094 | -4.4% |
| Amounts receivable within one year | 40/41 | €58,706 | €73,254 | +€14,548 | +24.8% |
| Trade receivables | 40 | €22,005 | €11,226 | -€10,779 | -49.0% |
| Other amounts receivable | 41 | €36,701 | €62,028 | +€25,327 | +69.0% |
| Cash at bank and in hand | 54/58 | €35,206 | €16,564 | -€18,642 | -53.0% |
| Total equity and liabilities | 10/49 | €97,967 | €93,648 | -€4,318 | -4.4% |
| Equity | 10/15 | €68,696 | €88,688 | +€19,992 | +29.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,196 | €88,188 | +€19,992 | +29.3% |
| Amounts payable | 17/49 | €29,270 | €4,960 | -€24,310 | -83.1% |
| Amounts payable within one year | 42/48 | €29,270 | €4,960 | -€24,310 | -83.1% |
| Trade debts | 44 | €26,324 | €2,702 | -€23,622 | -89.7% |
| Suppliers | 440/4 | €4,324 | €2,702 | -€1,622 | -37.5% |
| Bills of exchange payable | 441 | €22,000 | €0 | -€22,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,946 | €2,258 | -€688 | -23.4% |
| Taxes | 450/3 | €736 | €558 | -€178 | -24.2% |
| Remuneration and social security | 454/9 | €2,210 | €1,700 | -€510 | -23.1% |
| Remuneration, social security and pensions | 62 | €130,961 | €141,429 | +€10,469 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,474 | €1,474 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,822 | €2,047 | +€226 | +12.4% |
| Gross operating margin | 9900 | €158,696 | €178,360 | +€19,664 | +12.4% |
| Operating profit (loss) | 9901 | €24,440 | €33,409 | +€8,969 | +36.7% |
| Financial charges | 65/66B | €469 | €434 | -€35 | -7.5% |
| Recurring financial charges | 65 | €469 | €433 | -€36 | -7.7% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €23,970 | €32,975 | +€9,004 | +37.6% |
| Income taxes | 67/77 | - | €12,983 | +€12,983 | |
| Profit (loss) for the period | 9904 | €23,970 | €19,992 | -€3,979 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,970 | €19,992 | -€3,979 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.