PM2: 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.
PM2
Largest movements
- Cash +€15,804
up €15,804 (+44.9%), from €35,228 to €51,032
mainly Net result for the year (+€23,147) and Other debts (+€14,372)
- Receivables within one year +€13,175
up €13,175 (+865.3%), from €1,523 to €14,698
of which Trade receivables: +€13,229
- Other debts +€14,372
up €14,372 (+1064.6%), from €1,350 to €15,722
- Tax, wage and social debts +€8,420
up €8,420 (+1338.4%), from €629 to €9,049
- Reserves +€6,000
up €6,000 (+37.5%), from €16,000 to €22,000
- Profit (loss) carried forward +€1,147
up €1,147, from -€1,010 to €137
- Trade debts -€960
down €960 (-77.9%), from €1,232 to €272
- Purchases and services +€115,762
up €115,762 (+1376.6%), from €8,409 to €124,171
- Gross operating margin +€32,750
up €32,750, from -€3,232 to €29,518
- Taxes +€4,829
up €4,829 (+3315.4%), from €146 to €4,975
- Financial charges +€324
up €324 (+186.2%), from €174 to €499
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 | €36,751 | €65,730 | +€28,979 | +78.9% |
| Current assets | 29/58 | €36,751 | €65,730 | +€28,979 | +78.9% |
| Amounts receivable within one year | 40/41 | €1,523 | €14,698 | +€13,175 | +865.3% |
| Trade receivables | 40 | €1,464 | €14,693 | +€13,229 | +903.6% |
| Other amounts receivable | 41 | €59 | €5 | -€54 | -91.4% |
| Cash at bank and in hand | 54/58 | €35,228 | €51,032 | +€15,804 | +44.9% |
| Total equity and liabilities | 10/49 | €36,751 | €65,730 | +€28,979 | +78.9% |
| Equity | 10/15 | €33,540 | €40,687 | +€7,147 | +21.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,000 | €22,000 | +€6,000 | +37.5% |
| Distributable reserves | 133 | €16,000 | €22,000 | +€6,000 | +37.5% |
| Profit (loss) carried forward | 14 | -€1,010 | €137 | +€1,147 | |
| Amounts payable | 17/49 | €3,211 | €25,043 | +€21,832 | +679.9% |
| Amounts payable within one year | 42/48 | €3,211 | €25,043 | +€21,832 | +679.9% |
| Trade debts | 44 | €1,232 | €272 | -€960 | -77.9% |
| Suppliers | 440/4 | €1,232 | €272 | -€960 | -77.9% |
| Taxes, remuneration and social security | 45 | €629 | €9,049 | +€8,420 | +1338.4% |
| Taxes | 450/3 | €629 | €9,049 | +€8,420 | +1338.4% |
| Other amounts payable | 47/48 | €1,350 | €15,722 | +€14,372 | +1064.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,409 | €124,171 | +€115,762 | +1376.6% |
| Other operating charges | 640/8 | €1,216 | €1,055 | -€161 | -13.2% |
| Gross operating margin | 9900 | -€3,232 | €29,518 | +€32,750 | |
| Operating profit (loss) | 9901 | -€4,448 | €28,463 | +€32,910 | |
| Financial income | 75/76B | €72 | €158 | +€85 | +118.2% |
| Recurring financial income | 75 | €72 | €158 | +€85 | +118.2% |
| Financial charges | 65/66B | €174 | €499 | +€324 | +186.2% |
| Recurring financial charges | 65 | €174 | €499 | +€324 | +186.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,550 | €28,122 | +€32,672 | |
| Income taxes | 67/77 | €146 | €4,975 | +€4,829 | +3315.4% |
| Profit (loss) for the period | 9904 | -€4,695 | €23,147 | +€27,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,695 | €23,147 | +€27,842 |
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 10 October 2026 via checked.be.