PM Solutions: 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 Solutions
Largest movements
- Cash +€58,758
up €58,758 (+66.4%), from €88,498 to €147,256
mainly Net result for the year (+€171,241) and Other debts (+€40,000)
- Receivables within one year +€48,802
up €48,802 (+18.3%), from €266,472 to €315,274
of which Trade receivables: +€49,076
- Tangible fixed assets +€24,329
up €24,329 (+36.5%), from €66,597 to €90,926
of which Plant, machinery and equipment: +€39,977
- Intangible fixed assets -€8,091
down €8,091 (-94.0%), from €8,606 to €515
- Stocks and contracts +€5,869
up €5,869 (+22.7%), from €25,890 to €31,758
of which Stocks: +€4,502
- Other debts +€40,000
up €40,000 (+28.6%), from €140,000 to €180,000
- Tax, wage and social debts +€34,272
up €34,272 (+40.6%), from €84,488 to €118,760
of which Remuneration and social security: +€27,449
- Trade debts +€33,566
up €33,566 (+29.9%), from €112,111 to €145,676
- Debts after one year +€25,128
up €25,128 (+544.0%), from €4,620 to €29,747
- Profit (loss) carried forward -€8,759
down €8,759 (-49.9%), from €17,538 to €8,779
- Gross operating margin +€170,199
up €170,199 (+35.9%), from €473,539 to €643,739
- Staff costs +€120,936
up €120,936 (+51.9%), from €233,133 to €354,068
- Taxes +€15,529
up €15,529 (+28.5%), from €54,422 to €69,951
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 | €456,063 | €586,726 | +€130,662 | +28.7% |
| Fixed assets | 21/28 | €75,204 | €91,442 | +€16,238 | +21.6% |
| Intangible fixed assets | 21 | €8,606 | €515 | -€8,091 | -94.0% |
| Tangible fixed assets | 22/27 | €66,597 | €90,926 | +€24,329 | +36.5% |
| Plant, machinery and equipment | 23 | €25,312 | €65,289 | +€39,977 | +157.9% |
| Furniture and vehicles | 24 | €40,654 | €25,619 | -€15,035 | -37.0% |
| Other tangible fixed assets | 26 | €632 | €19 | -€613 | -97.1% |
| Current assets | 29/58 | €380,859 | €495,284 | +€114,425 | +30.0% |
| Stocks and contracts in progress | 3 | €25,890 | €31,758 | +€5,869 | +22.7% |
| Stocks | 30/36 | €25,494 | €29,996 | +€4,502 | +17.7% |
| Contracts in progress | 37 | €396 | €1,763 | +€1,367 | +345.1% |
| Amounts receivable within one year | 40/41 | €266,472 | €315,274 | +€48,802 | +18.3% |
| Trade receivables | 40 | €266,136 | €315,212 | +€49,076 | +18.4% |
| Other amounts receivable | 41 | €336 | €62 | -€274 | -81.4% |
| Cash at bank and in hand | 54/58 | €88,498 | €147,256 | +€58,758 | +66.4% |
| Deferred charges and accrued income | 490/1 | €0 | €996 | +€996 | |
| Total equity and liabilities | 10/49 | €456,063 | €586,726 | +€130,662 | +28.7% |
| Equity | 10/15 | €72,538 | €63,779 | -€8,759 | -12.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,538 | €8,779 | -€8,759 | -49.9% |
| Amounts payable | 17/49 | €383,525 | €522,947 | +€139,422 | +36.4% |
| Amounts payable after more than one year | 17 | €4,620 | €29,747 | +€25,128 | +544.0% |
| Financial debts | 170/4 | €4,620 | €29,747 | +€25,128 | +544.0% |
| Amounts payable within one year | 42/48 | €378,614 | €492,262 | +€113,648 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €16,652 | €18,054 | +€1,402 | +8.4% |
| Financial debts | 43 | €24,434 | €26,991 | +€2,557 | +10.5% |
| Credit institutions | 430/8 | €24,434 | €26,991 | +€2,557 | +10.5% |
| Trade debts | 44 | €112,111 | €145,676 | +€33,566 | +29.9% |
| Suppliers | 440/4 | €112,111 | €145,676 | +€33,566 | +29.9% |
| Advances received on contracts in progress | 46 | €929 | €2,780 | +€1,852 | +199.4% |
| Taxes, remuneration and social security | 45 | €84,488 | €118,760 | +€34,272 | +40.6% |
| Taxes | 450/3 | €43,412 | €50,234 | +€6,823 | +15.7% |
| Remuneration and social security | 454/9 | €41,077 | €68,526 | +€27,449 | +66.8% |
| Other amounts payable | 47/48 | €140,000 | €180,000 | +€40,000 | +28.6% |
| Accrued charges and deferred income | 492/3 | €292 | €938 | +€646 | +221.7% |
| Non-recurring operating income | 76A | - | €4,651 | +€4,651 | |
| Remuneration, social security and pensions | 62 | €233,133 | €354,068 | +€120,936 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,298 | €39,618 | +€5,320 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,057 | €0 | -€1,057 | -100.0% |
| Other operating charges | 640/8 | €2,734 | €2,798 | +€65 | +2.4% |
| Gross operating margin | 9900 | €473,539 | €643,739 | +€170,199 | +35.9% |
| Operating profit (loss) | 9901 | €202,318 | €247,254 | +€44,937 | +22.2% |
| Financial income | 75/76B | €0 | €7 | +€7 | +22800.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +22800.0% |
| Financial charges | 65/66B | €3,209 | €6,070 | +€2,862 | +89.2% |
| Recurring financial charges | 65 | €3,209 | €6,070 | +€2,862 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €199,109 | €241,191 | +€42,082 | +21.1% |
| Income taxes | 67/77 | €54,422 | €69,951 | +€15,529 | +28.5% |
| Profit (loss) for the period | 9904 | €144,687 | €171,241 | +€26,553 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,687 | €171,241 | +€26,553 | +18.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.