PM Holding: 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.
What changed
PM Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€236,819
2024 · €812,208-€575,389
Equity
€6.8m
2024 · €6.6m+€236,819
Cash
€1,968
2024 · €751+€1,217
Balance sheet total
€7.7m
2024 · €7.7m-€32,313
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€246,556
down €246,556 (-27.5%), from €897,069 to €650,514
- Profit (loss) carried forward +€236,819
up €236,819 (+13.2%), from €1.8m to €2.0m
Income statement
- Financial income -€582,395
down €582,395 (-69.3%), from €839,865 to €257,470
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.
Result 2024
€812,208
Other operating items
+€1,546
Financial income
-€582,395
Financial charges
+€5,460
Result 2025
€236,819
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€251,347
Investment
€0
Financing
-€250,130
Cash 2024
€751
From operations (derived)
+€251,347
Net result for the year
+€236,819
Receivables within one year
+€41,000
Deferred charges and accrued income
-€7,470
Trade debts
+€998
Other debts
-€20,000
Financing
-€250,130
Debts after one year
-€246,556
Current portion of long-term debt
-€3,575
Cash 2025
€1,968
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,726,809 | €7,694,497 | -€32,313 | -0.4% |
| Fixed assets | 21/28 | €7,350,058 | €7,350,058 | = | 0.0% |
| Financial fixed assets | 28 | €7,350,058 | €7,350,058 | = | 0.0% |
| Affiliated companies | 280/1 | €7,350,058 | €7,350,058 | = | 0.0% |
| Participating interests | 280 | €7,350,058 | €7,350,058 | = | 0.0% |
| Current assets | 29/58 | €376,751 | €344,438 | -€32,313 | -8.6% |
| Amounts receivable within one year | 40/41 | €376,000 | €335,000 | -€41,000 | -10.9% |
| Other amounts receivable | 41 | €376,000 | €335,000 | -€41,000 | -10.9% |
| Cash at bank and in hand | 54/58 | €751 | €1,968 | +€1,217 | +162% |
| Deferred charges and accrued income | 490/1 | - | €7,470 | +€7,470 | |
| Total equity and liabilities | 10/49 | €7,726,809 | €7,694,497 | -€32,313 | -0.4% |
| Equity | 10/15 | €6,559,610 | €6,796,429 | +€236,819 | +3.6% |
| Contributions | 10/11 | €2,600,000 | €2,600,000 | = | 0.0% |
| Capital | 10 | €2,600,000 | €2,600,000 | = | 0.0% |
| Issued capital | 100 | €2,600,000 | €2,600,000 | = | 0.0% |
| Reserves | 13 | €2,160,000 | €2,160,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €260,000 | €260,000 | = | 0.0% |
| Legal reserve | 130 | €260,000 | €260,000 | = | 0.0% |
| Distributable reserves | 133 | €1,900,000 | €1,900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,799,610 | €2,036,429 | +€236,819 | +13.2% |
| Amounts payable | 17/49 | €1,167,200 | €898,068 | -€269,132 | -23.1% |
| Amounts payable after more than one year | 17 | €897,069 | €650,514 | -€246,556 | -27.5% |
| Financial debts | 170/4 | €897,069 | €650,514 | -€246,556 | -27.5% |
| Credit institutions | 173 | €897,069 | €650,514 | -€246,556 | -27.5% |
| Amounts payable within one year | 42/48 | €270,130 | €247,554 | -€22,576 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €250,130 | €246,556 | -€3,575 | -1.4% |
| Trade debts | 44 | - | €998 | +€998 | |
| Bills of exchange payable | 441 | - | €998 | +€998 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Operating charges | 60/66A | €7,957 | €6,412 | -€1,546 | -19.4% |
| Services and other goods | 61 | €7,877 | €6,332 | -€1,546 | -19.6% |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Operating profit (loss) | 9901 | -€7,957 | -€6,412 | +€1,546 | +19.4% |
| Financial income | 75/76B | €839,865 | €257,470 | -€582,395 | -69.3% |
| Recurring financial income | 75 | €839,865 | €257,470 | -€582,395 | -69.3% |
| Income from financial fixed assets | 750 | €837,200 | €250,000 | -€587,200 | -70.1% |
| Income from current assets | 751 | €2,665 | €7,470 | +€4,805 | +180% |
| Financial charges | 65/66B | €19,700 | €14,240 | -€5,460 | -27.7% |
| Recurring financial charges | 65 | €19,700 | €14,240 | -€5,460 | -27.7% |
| Debt charges | 650 | €19,490 | €14,030 | -€5,460 | -28.0% |
| Other financial charges | 652/9 | €210 | €210 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €812,208 | €236,819 | -€575,389 | -70.8% |
| Profit (loss) for the period | 9904 | €812,208 | €236,819 | -€575,389 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €812,208 | €236,819 | -€575,389 | -70.8% |
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 24 October 2026 via checked.be.