PM EXECUTIVE SOLUTIONS: 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 EXECUTIVE SOLUTIONS
Largest movements
- Current investments +€126,000
up €126,000 (+20.8%), from €606,000 to €732,000
- Cash -€34,048
down €34,048 (-15.3%), from €221,963 to €187,916
mainly Current investments (-€126,000) and Tax, wage and social debts (-€47,779)
- Tangible fixed assets -€30,457
down €30,457 (-5.7%), from €538,735 to €508,279
of which Furniture and vehicles: -€16,748
- Receivables within one year -€28,827
down €28,827 (-32.1%), from €89,708 to €60,882
of which Trade receivables: -€35,886
- Reserves +€117,709
up €117,709 (+8.7%), from €1.3m to €1.5m
- Tax, wage and social debts -€47,779
down €47,779 (-93.4%), from €51,156 to €3,378
- Trade debts -€37,130
down €37,130 (-94.9%), from €39,113 to €1,983
- Gross operating margin -€107,167
down €107,167 (-34.0%), from €314,765 to €207,598
- Taxes -€30,151
down €30,151 (-35.0%), from €86,089 to €55,937
- Financial income -€5,812
down €5,812 (-79.7%), from €7,295 to €1,483
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 | €1,464,102 | €1,496,901 | +€32,800 | +2.2% |
| Fixed assets | 21/28 | €538,735 | €508,279 | -€30,457 | -5.7% |
| Tangible fixed assets | 22/27 | €538,735 | €508,279 | -€30,457 | -5.7% |
| Land and buildings | 22 | €477,490 | €463,781 | -€13,709 | -2.9% |
| Furniture and vehicles | 24 | €61,246 | €44,498 | -€16,748 | -27.3% |
| Current assets | 29/58 | €925,366 | €988,622 | +€63,256 | +6.8% |
| Stocks and contracts in progress | 3 | €5,731 | €5,731 | = | 0.0% |
| Stocks | 30/36 | €5,731 | €5,731 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,708 | €60,882 | -€28,827 | -32.1% |
| Trade receivables | 40 | €86,387 | €50,501 | -€35,886 | -41.5% |
| Other amounts receivable | 41 | €3,321 | €10,380 | +€7,059 | +213% |
| Current investments | 50/53 | €606,000 | €732,000 | +€126,000 | +20.8% |
| Cash at bank and in hand | 54/58 | €221,963 | €187,916 | -€34,048 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,964 | €2,094 | +€130 | +6.6% |
| Total equity and liabilities | 10/49 | €1,464,102 | €1,496,901 | +€32,800 | +2.2% |
| Equity | 10/15 | €1,372,079 | €1,489,788 | +€117,709 | +8.6% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €1,349,579 | €1,467,288 | +€117,709 | +8.7% |
| Distributable reserves | 133 | €1,349,579 | €1,467,288 | +€117,709 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,022 | €7,113 | -€84,909 | -92.3% |
| Amounts payable within one year | 42/48 | €92,022 | €7,113 | -€84,909 | -92.3% |
| Trade debts | 44 | €39,113 | €1,983 | -€37,130 | -94.9% |
| Suppliers | 440/4 | €39,113 | €1,983 | -€37,130 | -94.9% |
| Taxes, remuneration and social security | 45 | €51,156 | €3,378 | -€47,779 | -93.4% |
| Taxes | 450/3 | €51,156 | €3,378 | -€47,779 | -93.4% |
| Other amounts payable | 47/48 | €1,753 | €1,753 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,336 | €32,803 | +€467 | +1.4% |
| Other operating charges | 640/8 | €2,269 | €2,485 | +€216 | +9.5% |
| Non-recurring operating charges | 66A | €3,207 | €0 | -€3,207 | -100% |
| Gross operating margin | 9900 | €314,765 | €207,598 | -€107,167 | -34.0% |
| Operating profit (loss) | 9901 | €276,953 | €172,310 | -€104,643 | -37.8% |
| Financial income | 75/76B | €7,295 | €1,483 | -€5,812 | -79.7% |
| Recurring financial income | 75 | €7,295 | €1,483 | -€5,812 | -79.7% |
| Financial charges | 65/66B | €1,160 | €147 | -€1,013 | -87.4% |
| Recurring financial charges | 65 | €1,160 | €147 | -€1,013 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €283,088 | €173,646 | -€109,442 | -38.7% |
| Income taxes | 67/77 | €86,089 | €55,937 | -€30,151 | -35.0% |
| Profit (loss) for the period | 9904 | €196,999 | €117,709 | -€79,291 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €196,999 | €117,709 | -€79,291 | -40.2% |
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 29 October 2026 via checked.be.