PM HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€16,591
up €16,591 (+189.5%), from €8,757 to €25,348
of which Trade receivables: +€18,150
- Accrued charges and deferred income +€90,103
up €90,103 (+56704.2%), from €159 to €90,262
- Debts after one year -€61,860
down €61,860 (-19.2%), from €321,899 to €260,039
- Reserves -€10,220
down €10,220 (-5.0%), from €202,433 to €192,213
- Trade debts +€10,184
up €10,184, from €0 to €10,184
- Tax, wage and social debts -€7,616
down €7,616 (-27.1%), from €28,130 to €20,514
of which Taxes: -€7,616
- Gross operating margin -€75,827
down €75,827 (-75.9%), from €99,960 to €24,133
- Taxes -€15,251
down €15,251 (-78.1%), from €19,534 to €4,284
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.
Cash bridge derived
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 | €635,781 | €657,072 | +€21,292 | +3.3% |
| Fixed assets | 21/28 | €616,000 | €616,000 | = | 0.0% |
| Financial fixed assets | 28 | €616,000 | €616,000 | = | 0.0% |
| Current assets | 29/58 | €19,781 | €41,072 | +€21,292 | +107.6% |
| Amounts receivable within one year | 40/41 | €8,757 | €25,348 | +€16,591 | +189.5% |
| Trade receivables | 40 | €0 | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €8,757 | €7,198 | -€1,559 | -17.8% |
| Cash at bank and in hand | 54/58 | €11,024 | €15,724 | +€4,700 | +42.6% |
| Total equity and liabilities | 10/49 | €635,781 | €657,072 | +€21,292 | +3.3% |
| Equity | 10/15 | €212,433 | €202,213 | -€10,220 | -4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €202,433 | €192,213 | -€10,220 | -5.0% |
| Distributable reserves | 133 | €202,433 | €192,213 | -€10,220 | -5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €423,348 | €454,860 | +€31,512 | +7.4% |
| Amounts payable after more than one year | 17 | €321,899 | €260,039 | -€61,860 | -19.2% |
| Financial debts | 170/4 | €321,899 | €260,039 | -€61,860 | -19.2% |
| Amounts payable within one year | 42/48 | €101,290 | €104,558 | +€3,269 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €61,159 | €61,860 | +€701 | +1.1% |
| Trade debts | 44 | €0 | €10,184 | +€10,184 | |
| Suppliers | 440/4 | €0 | €10,184 | +€10,184 | |
| Taxes, remuneration and social security | 45 | €28,130 | €20,514 | -€7,616 | -27.1% |
| Taxes | 450/3 | €28,130 | €20,514 | -€7,616 | -27.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €159 | €90,262 | +€90,103 | +56704.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €99,960 | €24,133 | -€75,827 | -75.9% |
| Operating profit (loss) | 9901 | €99,454 | €23,613 | -€75,841 | -76.3% |
| Financial income | 75/76B | €57 | €716 | +€660 | +1164.8% |
| Recurring financial income | 75 | €57 | €716 | +€660 | +1164.8% |
| Financial charges | 65/66B | €4,949 | €4,266 | -€683 | -13.8% |
| Recurring financial charges | 65 | €4,949 | €4,266 | -€683 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €94,562 | €20,063 | -€74,498 | -78.8% |
| Income taxes | 67/77 | €19,534 | €4,284 | -€15,251 | -78.1% |
| Profit (loss) for the period | 9904 | €75,027 | €15,780 | -€59,248 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,027 | €15,780 | -€59,248 | -79.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.