PM MANAGEMENT & CONSULTANCY: 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 MANAGEMENT & CONSULTANCY
Largest movements
- Receivables within one year +€20,510
up €20,510 (+89.8%), from €22,850 to €43,360
of which Trade receivables: +€27,295
- Tangible fixed assets -€9,459
down €9,459 (-67.0%), from €14,117 to €4,658
- Reserves +€25,154
up €25,154 (+23.1%), from €108,937 to €134,091
- Contributions -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Tax, wage and social debts +€13,759
new in 2026: €13,759
- Current portion of long-term debt -€3,906
down €3,906 (-67.0%), from €5,828 to €1,922
- Debts after one year -€1,922
no longer reported in 2026 (was €1,922)
- Gross operating margin +€20,932
up €20,932 (+74.2%), from €28,220 to €49,152
- Taxes +€6,579
up €6,579 (+144%), from €4,553 to €11,132
- Other operating charges -€2,643
down €2,643 (-56.9%), from €4,649 to €2,005
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,201 | €173,187 | +€9,986 | +6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,117 | €4,658 | -€9,459 | -67.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,117 | €4,658 | -€9,459 | -67.0% |
| Land and buildings | 22 | €5,183 | €755 | -€4,428 | -85.4% |
| Plant, machinery and equipment | 23 | €3,856 | €2,780 | -€1,077 | -27.9% |
| Furniture and vehicles | 24 | €5,078 | €1,124 | -€3,954 | -77.9% |
| Current assets | 29/58 | €149,084 | €168,528 | +€19,444 | +13.0% |
| Amounts receivable after more than one year | 29 | €76,933 | €76,933 | = | 0.0% |
| Other amounts receivable | 291 | €76,933 | €76,933 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,850 | €43,360 | +€20,510 | +89.8% |
| Trade receivables | 40 | €11,529 | €38,824 | +€27,295 | +237% |
| Other amounts receivable | 41 | €11,322 | €4,536 | -€6,785 | -59.9% |
| Current investments | 50/53 | €40,993 | €39,743 | -€1,249 | -3.0% |
| Cash at bank and in hand | 54/58 | €4,289 | €4,473 | +€184 | +4.3% |
| Deferred charges and accrued income | 490/1 | €4,019 | €4,019 | = | 0.0% |
| Total equity and liabilities | 10/49 | €163,201 | €173,187 | +€9,986 | +6.1% |
| Equity | 10/15 | €148,937 | €154,091 | +€5,154 | +3.5% |
| Contributions | 10/11 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Reserves | 13 | €108,937 | €134,091 | +€25,154 | +23.1% |
| Distributable reserves | 133 | €108,937 | €134,091 | +€25,154 | +23.1% |
| Amounts payable | 17/49 | €14,264 | €19,096 | +€4,832 | +33.9% |
| Amounts payable after more than one year | 17 | €1,922 | - | -€1,922 | |
| Financial debts | 170/4 | €1,922 | - | -€1,922 | |
| Amounts payable within one year | 42/48 | €9,402 | €17,996 | +€8,593 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €5,828 | €1,922 | -€3,906 | -67.0% |
| Trade debts | 44 | €3,575 | €2,315 | -€1,260 | -35.2% |
| Suppliers | 440/4 | €3,575 | €2,315 | -€1,260 | -35.2% |
| Taxes, remuneration and social security | 45 | - | €13,759 | +€13,759 | |
| Taxes | 450/3 | - | €13,759 | +€13,759 | |
| Accrued charges and deferred income | 492/3 | €2,939 | €1,101 | -€1,839 | -62.6% |
| Remuneration, social security and pensions | 62 | €240 | €240 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,680 | €10,349 | -€331 | -3.1% |
| Other operating charges | 640/8 | €4,649 | €2,005 | -€2,643 | -56.9% |
| Gross operating margin | 9900 | €28,220 | €49,152 | +€20,932 | +74.2% |
| Operating profit (loss) | 9901 | €12,652 | €36,558 | +€23,906 | +189% |
| Financial income | 75/76B | €1,632 | €1,175 | -€457 | -28.0% |
| Recurring financial income | 75 | €1,632 | €1,175 | -€457 | -28.0% |
| Financial charges | 65/66B | €1,485 | €1,447 | -€38 | -2.6% |
| Recurring financial charges | 65 | €1,485 | €1,447 | -€38 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €12,798 | €36,286 | +€23,487 | +184% |
| Income taxes | 67/77 | €4,553 | €11,132 | +€6,579 | +144% |
| Profit (loss) for the period | 9904 | €8,245 | €25,154 | +€16,908 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €8,245 | €25,154 | +€16,908 | +205% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.