PM PRODUCTION: 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 PRODUCTION
Largest movements
- Stocks and contracts +€18,598
up €18,598 (+11.5%), from €161,561 to €180,159
- Tangible fixed assets -€8,115
down €8,115 (-20.4%), from €39,736 to €31,622
of which Furniture and vehicles: -€5,769
- Cash +€7,711
up €7,711 (+36.4%), from €21,176 to €28,887
mainly Net result for the year (+€23,159) and Trade debts (+€15,620)
- Receivables within one year +€3,482
up €3,482 (+67.2%), from €5,181 to €8,664
of which Trade receivables: +€7,424
- Other debts -€24,063
down €24,063 (-32.7%), from €73,498 to €49,435
- Profit (loss) carried forward +€23,159
up €23,159 (+20.0%), from €115,693 to €138,852
- Trade debts +€15,620
up €15,620 (+203%), from €7,689 to €23,309
- Tax, wage and social debts +€12,298
up €12,298 (+146%), from €8,428 to €20,726
of which Taxes: +€6,523
- Current portion of long-term debt -€3,759
down €3,759 (-42.1%), from €8,929 to €5,170
- Staff costs +€30,764
up €30,764 (+46.0%), from €66,898 to €97,661
- Gross operating margin +€21,026
up €21,026 (+16.9%), from €124,529 to €145,555
- Purchases and services -€15,830
down €15,830 (-8.3%), from €191,452 to €175,621
- Taxes +€4,318
up €4,318 (+88.9%), from €4,859 to €9,177
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 | €230,707 | €251,009 | +€20,302 | +8.8% |
| Formation expenses | 20 | €53 | €0 | -€53 | -100% |
| Fixed assets | 21/28 | €41,737 | €31,622 | -€10,116 | -24.2% |
| Intangible fixed assets | 21 | €1,741 | €0 | -€1,741 | -100% |
| Tangible fixed assets | 22/27 | €39,736 | €31,622 | -€8,115 | -20.4% |
| Land and buildings | 22 | €4,526 | €3,650 | -€876 | -19.3% |
| Plant, machinery and equipment | 23 | €1,743 | €273 | -€1,470 | -84.3% |
| Furniture and vehicles | 24 | €33,467 | €27,698 | -€5,769 | -17.2% |
| Financial fixed assets | 28 | €260 | €0 | -€260 | -100% |
| Current assets | 29/58 | €188,917 | €219,388 | +€30,471 | +16.1% |
| Stocks and contracts in progress | 3 | €161,561 | €180,159 | +€18,598 | +11.5% |
| Stocks | 30/36 | €161,561 | €180,159 | +€18,598 | +11.5% |
| Amounts receivable within one year | 40/41 | €5,181 | €8,664 | +€3,482 | +67.2% |
| Trade receivables | 40 | €661 | €8,085 | +€7,424 | +1,123% |
| Other amounts receivable | 41 | €4,520 | €578 | -€3,942 | -87.2% |
| Cash at bank and in hand | 54/58 | €21,176 | €28,887 | +€7,711 | +36.4% |
| Deferred charges and accrued income | 490/1 | €999 | €1,679 | +€679 | +68.0% |
| Total equity and liabilities | 10/49 | €230,707 | €251,009 | +€20,302 | +8.8% |
| Equity | 10/15 | €120,693 | €143,852 | +€23,159 | +19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,693 | €138,852 | +€23,159 | +20.0% |
| Amounts payable | 17/49 | €110,014 | €107,157 | -€2,857 | -2.6% |
| Amounts payable after more than one year | 17 | €10,971 | €8,310 | -€2,661 | -24.3% |
| Financial debts | 170/4 | €10,971 | €8,310 | -€2,661 | -24.3% |
| Amounts payable within one year | 42/48 | €99,043 | €98,639 | -€404 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €8,929 | €5,170 | -€3,759 | -42.1% |
| Trade debts | 44 | €7,689 | €23,309 | +€15,620 | +203% |
| Suppliers | 440/4 | €7,689 | €23,309 | +€15,620 | +203% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100% |
| Taxes, remuneration and social security | 45 | €8,428 | €20,726 | +€12,298 | +146% |
| Taxes | 450/3 | €0 | €6,523 | +€6,523 | |
| Remuneration and social security | 454/9 | €8,428 | €14,203 | +€5,774 | +68.5% |
| Other amounts payable | 47/48 | €73,498 | €49,435 | -€24,063 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €208 | +€208 | |
| Goods, raw materials, services and sundry goods | 60/61 | €191,452 | €175,621 | -€15,830 | -8.3% |
| Remuneration, social security and pensions | 62 | €66,898 | €97,661 | +€30,764 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,315 | €11,734 | -€582 | -4.7% |
| Other operating charges | 640/8 | €475 | €1,019 | +€544 | +115% |
| Gross operating margin | 9900 | €124,529 | €145,555 | +€21,026 | +16.9% |
| Operating profit (loss) | 9901 | €44,841 | €35,141 | -€9,700 | -21.6% |
| Financial income | 75/76B | €897 | €12 | -€885 | -98.6% |
| Recurring financial income | 75 | €897 | €12 | -€885 | -98.6% |
| Financial charges | 65/66B | €3,619 | €2,818 | -€801 | -22.1% |
| Recurring financial charges | 65 | €3,619 | €2,818 | -€801 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €42,120 | €32,336 | -€9,784 | -23.2% |
| Income taxes | 67/77 | €4,859 | €9,177 | +€4,318 | +88.9% |
| Profit (loss) for the period | 9904 | €37,261 | €23,159 | -€14,102 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,261 | €23,159 | -€14,102 | -37.8% |
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 23 October 2026 via checked.be.