PM INVEST: what changed
What changed
PM INVEST
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€111,436
2024 · €39,702+€71,734
Equity
€1.6m
2024 · €1.4m+€111,436
Cash
€54,054
2024 · €54,067-€13
Balance sheet total
€2.7m
2024 · €3.0m-€329,157
Largest movements
Assets
- Stocks and contracts -€387,620
down €387,620 (-36.2%), from €1.1m to €683,901
- Receivables within one year +€70,695
up €70,695 (+17.4%), from €406,542 to €477,237
of which Other amounts receivable: +€36,420
Equity and liabilities
- Short-term financial debts -€542,783
down €542,783 (-57.4%), from €945,000 to €402,217
- Trade debts +€131,653
up €131,653 (+411%), from €32,043 to €163,696
- Reserves +€111,436
up €111,436 (+7.8%), from €1.4m to €1.5m
Income statement
- Gross operating margin +€182,233
up €182,233 (+108%), from €169,354 to €351,587
- Financial charges +€84,303
up €84,303 (+119%), from €71,007 to €155,310
- Taxes +€27,577
up €27,577 (+110%), from €25,090 to €52,668
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.
Result 2024
€39,702
Gross operating margin
+€182,233
Depreciation
+€1,003
Other operating charges
+€148
Financial income
+€230
Financial charges
-€84,303
Taxes
-€27,577
Result 2025
€111,436
raises the resultlowers the result
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.
From operations
+€568,215
Investment
-€24,538
Financing
-€543,690
Cash 2024
€54,067
From operations (derived)
+€568,215
Net result for the year
+€111,436
Depreciation
+€36,358
Stocks and contracts
+€387,620
Receivables within one year
-€70,695
Deferred charges and accrued income
+€400
Trade debts
+€131,653
Tax, wage and social debts
-€16,815
Other debts
-€11,741
Investment (derived)
-€24,538
Investment in fixed assets (net)
-€24,538
Financing
-€543,690
Debts after one year
-€2,047
Current portion of long-term debt
+€1,139
Short-term financial debts
-€542,783
Cash 2025
€54,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,987,695 | €2,658,538 | -€329,157 | -11.0% |
| Fixed assets | 21/28 | €1,255,166 | €1,243,346 | -€11,820 | -0.9% |
| Tangible fixed assets | 22/27 | €807,869 | €796,049 | -€11,820 | -1.5% |
| Land and buildings | 22 | €796,856 | €766,792 | -€30,064 | -3.8% |
| Plant, machinery and equipment | 23 | €4,176 | €22,465 | +€18,289 | +438% |
| Furniture and vehicles | 24 | €6,837 | €6,792 | -€45 | -0.7% |
| Financial fixed assets | 28 | €447,297 | €447,297 | = | 0.0% |
| Current assets | 29/58 | €1,732,530 | €1,415,192 | -€317,338 | -18.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,071,520 | €683,901 | -€387,620 | -36.2% |
| Stocks | 30/36 | €1,071,520 | €683,901 | -€387,620 | -36.2% |
| Amounts receivable within one year | 40/41 | €406,542 | €477,237 | +€70,695 | +17.4% |
| Trade receivables | 40 | €390,386 | €424,661 | +€34,275 | +8.8% |
| Other amounts receivable | 41 | €16,157 | €52,576 | +€36,420 | +225% |
| Cash at bank and in hand | 54/58 | €54,067 | €54,054 | -€13 | 0.0% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €2,987,695 | €2,658,538 | -€329,157 | -11.0% |
| Equity | 10/15 | €1,444,561 | €1,555,997 | +€111,436 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,425,961 | €1,537,397 | +€111,436 | +7.8% |
| Distributable reserves | 133 | €1,425,961 | €1,537,397 | +€111,436 | +7.8% |
| Amounts payable | 17/49 | €1,543,135 | €1,102,542 | -€440,593 | -28.6% |
| Amounts payable after more than one year | 17 | €280,043 | €277,996 | -€2,047 | -0.7% |
| Financial debts | 170/4 | €280,043 | €277,996 | -€2,047 | -0.7% |
| Amounts payable within one year | 42/48 | €1,263,092 | €824,545 | -€438,547 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €36,878 | €38,017 | +€1,139 | +3.1% |
| Financial debts | 43 | €945,000 | €402,217 | -€542,783 | -57.4% |
| Credit institutions | 430/8 | €945,000 | €402,217 | -€542,783 | -57.4% |
| Trade debts | 44 | €32,043 | €163,696 | +€131,653 | +411% |
| Suppliers | 440/4 | €32,043 | €163,696 | +€131,653 | +411% |
| Taxes, remuneration and social security | 45 | €68,806 | €51,991 | -€16,815 | -24.4% |
| Taxes | 450/3 | €68,806 | €51,991 | -€16,815 | -24.4% |
| Other amounts payable | 47/48 | €180,365 | €168,624 | -€11,741 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,361 | €36,358 | -€1,003 | -2.7% |
| Other operating charges | 640/8 | €1,538 | €1,390 | -€148 | -9.6% |
| Gross operating margin | 9900 | €169,354 | €351,587 | +€182,233 | +108% |
| Operating profit (loss) | 9901 | €130,455 | €313,839 | +€183,384 | +141% |
| Financial income | 75/76B | €5,344 | €5,574 | +€230 | +4.3% |
| Recurring financial income | 75 | €5,344 | €5,574 | +€230 | +4.3% |
| Financial charges | 65/66B | €71,007 | €155,310 | +€84,303 | +119% |
| Recurring financial charges | 65 | €71,007 | €155,310 | +€84,303 | +119% |
| Profit (loss) for the period before taxes | 9903 | €64,792 | €164,104 | +€99,312 | +153% |
| Income taxes | 67/77 | €25,090 | €52,668 | +€27,577 | +110% |
| Profit (loss) for the period | 9904 | €39,702 | €111,436 | +€71,734 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €39,702 | €111,436 | +€71,734 | +181% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.