PM Techni Therm: 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 Techni Therm
Largest movements
- Tangible fixed assets -€8,142
down €8,142 (-32.6%), from €25,010 to €16,868
- Cash -€2,908
down €2,908 (-17.6%), from €16,506 to €13,598
mainly Net result for the year (-€6,485) and Debts after one year (-€6,241)
- Receivables within one year -€1,999
down €1,999 (-18.2%), from €10,974 to €8,975
of which Trade receivables: -€1,189
- Stocks and contracts +€663
up €663 (+83.9%), from €790 to €1,453
- Profit (loss) carried forward -€6,485
down €6,485, from €3,309 to -€3,175
- Debts after one year -€6,241
down €6,241 (-44.8%), from €13,929 to €7,688
- Tax, wage and social debts +€4,266
up €4,266 (+65.2%), from €6,544 to €10,810
of which Remuneration and social security: +€4,819
- Advances received -€3,568
down €3,568 (-92.5%), from €3,855 to €287
- Trade debts -€741
down €741 (-21.1%), from €3,511 to €2,770
- Gross operating margin -€12,197
down €12,197 (-73.7%), from €16,546 to €4,349
- Taxes -€1,439
no longer reported in 2025 (was €1,439)
- Write-downs -€501
down €501 (-42.1%), from €1,189 to €688
- Financial charges -€307
down €307 (-25.0%), from €1,227 to €921
- Depreciation +€199
up €199 (+2.4%), from €8,395 to €8,594
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 | €53,356 | €40,894 | -€12,462 | -23.4% |
| Fixed assets | 21/28 | €25,010 | €16,868 | -€8,142 | -32.6% |
| Tangible fixed assets | 22/27 | €25,010 | €16,868 | -€8,142 | -32.6% |
| Furniture and vehicles | 24 | €25,010 | €16,868 | -€8,142 | -32.6% |
| Current assets | 29/58 | €28,346 | €24,026 | -€4,320 | -15.2% |
| Stocks and contracts in progress | 3 | €790 | €1,453 | +€663 | +83.9% |
| Stocks | 30/36 | €790 | €1,453 | +€663 | +83.9% |
| Amounts receivable within one year | 40/41 | €10,974 | €8,975 | -€1,999 | -18.2% |
| Trade receivables | 40 | €8,819 | €7,631 | -€1,189 | -13.5% |
| Other amounts receivable | 41 | €2,154 | €1,344 | -€810 | -37.6% |
| Cash at bank and in hand | 54/58 | €16,506 | €13,598 | -€2,908 | -17.6% |
| Deferred charges and accrued income | 490/1 | €76 | - | -€76 | |
| Total equity and liabilities | 10/49 | €53,356 | €40,894 | -€12,462 | -23.4% |
| Equity | 10/15 | €19,582 | €13,097 | -€6,485 | -33.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,273 | €13,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,273 | €13,273 | = | 0.0% |
| Other | 1319 | €13,273 | €13,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,309 | -€3,175 | -€6,485 | |
| Amounts payable | 17/49 | €33,774 | €27,797 | -€5,978 | -17.7% |
| Amounts payable after more than one year | 17 | €13,929 | €7,688 | -€6,241 | -44.8% |
| Financial debts | 170/4 | €13,929 | €7,688 | -€6,241 | -44.8% |
| Amounts payable within one year | 42/48 | €19,846 | €20,109 | +€263 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,935 | €6,241 | +€306 | +5.2% |
| Trade debts | 44 | €3,511 | €2,770 | -€741 | -21.1% |
| Suppliers | 440/4 | €3,511 | €2,770 | -€741 | -21.1% |
| Advances received on contracts in progress | 46 | €3,855 | €287 | -€3,568 | -92.5% |
| Taxes, remuneration and social security | 45 | €6,544 | €10,810 | +€4,266 | +65.2% |
| Taxes | 450/3 | €1,991 | €1,439 | -€552 | -27.7% |
| Remuneration and social security | 454/9 | €4,553 | €9,372 | +€4,819 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,395 | €8,594 | +€199 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,189 | €688 | -€501 | -42.1% |
| Other operating charges | 640/8 | €673 | €632 | -€41 | -6.1% |
| Gross operating margin | 9900 | €16,546 | €4,349 | -€12,197 | -73.7% |
| Operating profit (loss) | 9901 | €6,288 | -€5,566 | -€11,854 | |
| Financial income | 75/76B | €38 | €2 | -€36 | -95.2% |
| Recurring financial income | 75 | €38 | €2 | -€36 | -95.2% |
| Financial charges | 65/66B | €1,227 | €921 | -€307 | -25.0% |
| Recurring financial charges | 65 | €1,227 | €921 | -€307 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €5,099 | -€6,485 | -€11,583 | |
| Income taxes | 67/77 | €1,439 | - | -€1,439 | |
| Profit (loss) for the period | 9904 | €3,660 | -€6,485 | -€10,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,660 | -€6,485 | -€10,144 |
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 24 October 2026 via checked.be.