PM SECURITY CONSULTING: 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 SECURITY CONSULTING
Largest movements
- Cash +€22,351
up €22,351 (+36.0%), from €62,157 to €84,508
mainly Net result for the year (+€19,942) and Receivables within one year (+€5,736)
- Tangible fixed assets +€5,843
up €5,843 (+31.3%), from €18,692 to €24,535
of which Plant, machinery and equipment: +€10,472
- Receivables within one year -€5,736
down €5,736 (-22.9%), from €25,034 to €19,298
of which Trade receivables: -€6,560
- Reserves +€19,000
up €19,000 (+26.0%), from €73,000 to €92,000
- Tax, wage and social debts +€3,113
up €3,113 (+37.0%), from €8,414 to €11,527
- Accrued charges and deferred income -€1,498
down €1,498 (-100.0%), from €1,498 to €0
- Gross operating margin +€921
up €921 (+2.6%), from €35,896 to €36,817
- Depreciation +€506
up €506 (+11.4%), from €4,452 to €4,957
- Taxes -€369
down €369 (-3.2%), from €11,405 to €11,035
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 | €105,883 | €128,341 | +€22,458 | +21.2% |
| Fixed assets | 21/28 | €18,692 | €24,535 | +€5,843 | +31.3% |
| Tangible fixed assets | 22/27 | €18,692 | €24,535 | +€5,843 | +31.3% |
| Plant, machinery and equipment | 23 | - | €10,472 | +€10,472 | |
| Furniture and vehicles | 24 | €18,692 | €14,064 | -€4,629 | -24.8% |
| Current assets | 29/58 | €87,191 | €103,806 | +€16,615 | +19.1% |
| Amounts receivable within one year | 40/41 | €25,034 | €19,298 | -€5,736 | -22.9% |
| Trade receivables | 40 | €21,534 | €14,974 | -€6,560 | -30.5% |
| Other amounts receivable | 41 | €3,500 | €4,324 | +€824 | +23.5% |
| Cash at bank and in hand | 54/58 | €62,157 | €84,508 | +€22,351 | +36.0% |
| Total equity and liabilities | 10/49 | €105,883 | €128,341 | +€22,458 | +21.2% |
| Equity | 10/15 | €94,573 | €114,516 | +€19,942 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,000 | €92,000 | +€19,000 | +26.0% |
| Distributable reserves | 133 | €73,000 | €92,000 | +€19,000 | +26.0% |
| Profit (loss) carried forward | 14 | €15,373 | €16,316 | +€942 | +6.1% |
| Amounts payable | 17/49 | €11,309 | €13,825 | +€2,515 | +22.2% |
| Amounts payable within one year | 42/48 | €9,812 | €13,825 | +€4,013 | +40.9% |
| Trade debts | 44 | €1,397 | €2,298 | +€900 | +64.4% |
| Suppliers | 440/4 | €1,397 | €2,298 | +€900 | +64.4% |
| Taxes, remuneration and social security | 45 | €8,414 | €11,527 | +€3,113 | +37.0% |
| Taxes | 450/3 | €8,414 | €11,527 | +€3,113 | +37.0% |
| Accrued charges and deferred income | 492/3 | €1,498 | €0 | -€1,498 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,452 | €4,957 | +€506 | +11.4% |
| Other operating charges | 640/8 | €595 | €518 | -€76 | -12.8% |
| Non-recurring operating charges | 66A | €233 | €190 | -€43 | -18.4% |
| Gross operating margin | 9900 | €35,896 | €36,817 | +€921 | +2.6% |
| Operating profit (loss) | 9901 | €30,616 | €31,151 | +€535 | +1.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €178 | €174 | -€4 | -2.1% |
| Recurring financial charges | 65 | €178 | €174 | -€4 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €30,440 | €30,977 | +€538 | +1.8% |
| Income taxes | 67/77 | €11,405 | €11,035 | -€369 | -3.2% |
| Profit (loss) for the period | 9904 | €19,035 | €19,942 | +€907 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,035 | €19,942 | +€907 | +4.8% |
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 5 October 2026 via checked.be.