PM VENTURES: 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 VENTURES
Largest movements
- Cash -€49,460
down €49,460 (-74.9%), from €65,997 to €16,537
mainly Contributions, distributions and other (-€185,142) and Tax, wage and social debts (-€14,821)
- Deferred charges and accrued income -€33,706
down €33,706 (-94.4%), from €35,716 to €2,010
- Tangible fixed assets -€11,977
down €11,977 (-30.4%), from €39,445 to €27,468
- Receivables within one year -€8,228
down €8,228 (-61.8%), from €13,310 to €5,082
- Reserves -€99,822
down €99,822 (-99.1%), from €100,696 to €874
- Other debts +€22,058
up €22,058 (+20987.3%), from €105 to €22,163
- Tax, wage and social debts -€14,821
down €14,821 (-65.8%), from €22,538 to €7,717
- Debts after one year -€11,312
down €11,312 (-62.9%), from €17,982 to €6,670
- Gross operating margin +€30,556
up €30,556 (+33.1%), from €92,250 to €122,806
- Taxes +€6,858
up €6,858 (+42.2%), from €16,259 to €23,117
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 | €154,619 | €51,248 | -€103,371 | -66.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €39,595 | €27,618 | -€11,977 | -30.2% |
| Tangible fixed assets | 22/27 | €39,445 | €27,468 | -€11,977 | -30.4% |
| Furniture and vehicles | 24 | €39,445 | €27,468 | -€11,977 | -30.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €115,023 | €23,630 | -€91,394 | -79.5% |
| Amounts receivable within one year | 40/41 | €13,310 | €5,082 | -€8,228 | -61.8% |
| Trade receivables | 40 | €13,310 | €5,082 | -€8,228 | -61.8% |
| Cash at bank and in hand | 54/58 | €65,997 | €16,537 | -€49,460 | -74.9% |
| Deferred charges and accrued income | 490/1 | €35,716 | €2,010 | -€33,706 | -94.4% |
| Total equity and liabilities | 10/49 | €154,619 | €51,248 | -€103,371 | -66.9% |
| Equity | 10/15 | €100,796 | €974 | -€99,822 | -99.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €100,696 | €874 | -€99,822 | -99.1% |
| Distributable reserves | 133 | €100,696 | €874 | -€99,822 | -99.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €53,823 | €50,274 | -€3,549 | -6.6% |
| Amounts payable after more than one year | 17 | €17,982 | €6,670 | -€11,312 | -62.9% |
| Financial debts | 170/4 | €17,982 | €6,670 | -€11,312 | -62.9% |
| Amounts payable within one year | 42/48 | €34,886 | €43,024 | +€8,138 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €11,161 | €11,312 | +€152 | +1.4% |
| Trade debts | 44 | €1,082 | €1,832 | +€750 | +69.3% |
| Suppliers | 440/4 | €1,082 | €1,832 | +€750 | +69.3% |
| Taxes, remuneration and social security | 45 | €22,538 | €7,717 | -€14,821 | -65.8% |
| Taxes | 450/3 | €22,538 | €7,717 | -€14,821 | -65.8% |
| Other amounts payable | 47/48 | €105 | €22,163 | +€22,058 | +20987.3% |
| Accrued charges and deferred income | 492/3 | €956 | €581 | -€375 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,821 | €13,282 | -€538 | -3.9% |
| Other operating charges | 640/8 | €655 | €919 | +€264 | +40.3% |
| Gross operating margin | 9900 | €92,250 | €122,806 | +€30,556 | +33.1% |
| Operating profit (loss) | 9901 | €77,774 | €108,605 | +€30,831 | +39.6% |
| Financial income | 75/76B | €30 | €288 | +€258 | +862.7% |
| Recurring financial income | 75 | €30 | €288 | +€258 | +862.7% |
| Financial charges | 65/66B | €671 | €456 | -€215 | -32.0% |
| Recurring financial charges | 65 | €671 | €456 | -€215 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €77,133 | €108,437 | +€31,304 | +40.6% |
| Income taxes | 67/77 | €16,259 | €23,117 | +€6,858 | +42.2% |
| Profit (loss) for the period | 9904 | €60,874 | €85,320 | +€24,446 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,874 | €85,320 | +€24,446 | +40.2% |
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.