PM-SERVICES: 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-SERVICES
Largest movements
- Tangible fixed assets +€65,004
up €65,004 (+1842.0%), from €3,529 to €68,533
- Cash -€23,245
down €23,245 (-80.1%), from €29,019 to €5,774
mainly Investment in fixed assets (net) (-€67,109) and Contributions, distributions and other (-€18,461)
- Receivables within one year +€4,597
up €4,597 (+120.1%), from €3,829 to €8,426
of which Other amounts receivable: +€5,521
- Deferred charges and accrued income +€1,880
new in 2025: €1,880
- Debts after one year +€44,251
new in 2025: €44,251
- Current portion of long-term debt +€13,719
new in 2025: €13,719
- Tax, wage and social debts -€7,280
down €7,280 (-72.4%), from €10,050 to €2,770
- Reserves -€6,752
no longer reported in 2025 (was €6,752)
- Other debts +€4,120
up €4,120 (+33.4%), from €12,333 to €16,453
- Gross operating margin -€3,304
down €3,304 (-12.2%), from €27,076 to €23,772
- Other operating charges +€2,206
up €2,206 (+106.6%), from €2,070 to €4,276
- Depreciation +€992
up €992 (+89.1%), from €1,113 to €2,105
- Taxes -€543
down €543 (-10.1%), from €5,362 to €4,819
- Financial charges +€321
up €321 (+59.2%), from €542 to €863
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 | €36,377 | €84,613 | +€48,236 | +132.6% |
| Fixed assets | 21/28 | €3,529 | €68,533 | +€65,004 | +1842.0% |
| Tangible fixed assets | 22/27 | €3,529 | €68,533 | +€65,004 | +1842.0% |
| Furniture and vehicles | 24 | €3,529 | €68,533 | +€65,004 | +1842.0% |
| Current assets | 29/58 | €32,848 | €16,080 | -€16,768 | -51.0% |
| Amounts receivable within one year | 40/41 | €3,829 | €8,426 | +€4,597 | +120.1% |
| Trade receivables | 40 | €3,829 | €2,905 | -€924 | -24.1% |
| Other amounts receivable | 41 | - | €5,521 | +€5,521 | |
| Cash at bank and in hand | 54/58 | €29,019 | €5,774 | -€23,245 | -80.1% |
| Deferred charges and accrued income | 490/1 | - | €1,880 | +€1,880 | |
| Total equity and liabilities | 10/49 | €36,377 | €84,613 | +€48,236 | +132.6% |
| Equity | 10/15 | €11,752 | €5,000 | -€6,752 | -57.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,752 | - | -€6,752 | |
| Distributable reserves | 133 | €6,752 | - | -€6,752 | |
| Amounts payable | 17/49 | €24,625 | €79,613 | +€54,988 | +223.3% |
| Amounts payable after more than one year | 17 | - | €44,251 | +€44,251 | |
| Trade debts | 175 | - | €44,251 | +€44,251 | |
| Amounts payable within one year | 42/48 | €24,625 | €35,362 | +€10,737 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,719 | +€13,719 | |
| Trade debts | 44 | €2,242 | €2,420 | +€178 | +7.9% |
| Suppliers | 440/4 | €2,242 | €2,420 | +€178 | +7.9% |
| Taxes, remuneration and social security | 45 | €10,050 | €2,770 | -€7,280 | -72.4% |
| Taxes | 450/3 | €10,050 | €2,770 | -€7,280 | -72.4% |
| Other amounts payable | 47/48 | €12,333 | €16,453 | +€4,120 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €2,105 | +€992 | +89.1% |
| Other operating charges | 640/8 | €2,070 | €4,276 | +€2,206 | +106.6% |
| Gross operating margin | 9900 | €27,076 | €23,772 | -€3,304 | -12.2% |
| Operating profit (loss) | 9901 | €23,893 | €17,391 | -€6,502 | -27.2% |
| Financial charges | 65/66B | €542 | €863 | +€321 | +59.2% |
| Recurring financial charges | 65 | €542 | €863 | +€321 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €23,351 | €16,528 | -€6,823 | -29.2% |
| Income taxes | 67/77 | €5,362 | €4,819 | -€543 | -10.1% |
| Profit (loss) for the period | 9904 | €17,989 | €11,709 | -€6,280 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | €11,709 | -€6,280 | -34.9% |
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 6 October 2026 via checked.be.