PMBE: 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.
PMBE
Largest movements
- Tangible fixed assets -€24,441
down €24,441 (-47.0%), from €51,993 to €27,552
of which Plant, machinery and equipment: -€15,740
- Formation expenses -€8,038
down €8,038 (-20.1%), from €40,016 to €31,978
- Cash -€6,217
down €6,217 (-82.8%), from €7,511 to €1,293
mainly Debts after one year (-€31,867) and Trade debts (-€11,211)
- Receivables within one year -€5,941
down €5,941 (-92.1%), from €6,450 to €509
of which Trade receivables: -€4,415
- Stocks and contracts -€5,230
no longer reported in 2024 (was €5,230)
- Debts after one year -€31,867
down €31,867 (-52.6%), from €60,639 to €28,772
- Trade debts -€11,211
down €11,211 (-74.7%), from €14,999 to €3,789
- Tax, wage and social debts -€4,098
down €4,098 (-96.7%), from €4,237 to €140
- Profit (loss) carried forward -€2,680
down €2,680 (-33.4%), from €8,031 to €5,351
- Gross operating margin +€8,989
up €8,989 (+87.7%), from €10,252 to €19,241
- Depreciation +€1,519
up €1,519 (+9.2%), from €16,548 to €18,066
- Financial charges -€703
down €703 (-20.7%), from €3,391 to €2,688
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,153 | €63,439 | -€49,714 | -43.9% |
| Formation expenses | 20 | €40,016 | €31,978 | -€8,038 | -20.1% |
| Fixed assets | 21/28 | €51,993 | €27,552 | -€24,441 | -47.0% |
| Tangible fixed assets | 22/27 | €51,993 | €27,552 | -€24,441 | -47.0% |
| Plant, machinery and equipment | 23 | €20,639 | €4,899 | -€15,740 | -76.3% |
| Furniture and vehicles | 24 | €31,354 | €22,653 | -€8,701 | -27.7% |
| Current assets | 29/58 | €21,145 | €3,909 | -€17,236 | -81.5% |
| Stocks and contracts in progress | 3 | €5,230 | - | -€5,230 | |
| Stocks | 30/36 | €5,230 | - | -€5,230 | |
| Amounts receivable within one year | 40/41 | €6,450 | €509 | -€5,941 | -92.1% |
| Trade receivables | 40 | €4,415 | - | -€4,415 | |
| Other amounts receivable | 41 | €2,036 | €509 | -€1,526 | -75.0% |
| Cash at bank and in hand | 54/58 | €7,511 | €1,293 | -€6,217 | -82.8% |
| Deferred charges and accrued income | 490/1 | €1,954 | €2,106 | +€153 | +7.8% |
| Total equity and liabilities | 10/49 | €113,153 | €63,439 | -€49,714 | -43.9% |
| Equity | 10/15 | €26,631 | €23,951 | -€2,680 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,031 | €5,351 | -€2,680 | -33.4% |
| Amounts payable | 17/49 | €86,522 | €39,488 | -€47,034 | -54.4% |
| Amounts payable after more than one year | 17 | €60,639 | €28,772 | -€31,867 | -52.6% |
| Financial debts | 170/4 | €60,639 | €28,772 | -€31,867 | -52.6% |
| Amounts payable within one year | 42/48 | €25,821 | €10,716 | -€15,105 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €6,584 | €6,788 | +€204 | +3.1% |
| Trade debts | 44 | €14,999 | €3,789 | -€11,211 | -74.7% |
| Suppliers | 440/4 | €14,999 | €3,789 | -€11,211 | -74.7% |
| Taxes, remuneration and social security | 45 | €4,237 | €140 | -€4,098 | -96.7% |
| Taxes | 450/3 | €4,237 | €140 | -€4,098 | -96.7% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Non-recurring operating income | 76A | - | €18,570 | +€18,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,548 | €18,066 | +€1,519 | +9.2% |
| Other operating charges | 640/8 | €1,056 | €1,027 | -€28 | -2.7% |
| Gross operating margin | 9900 | €10,252 | €19,241 | +€8,989 | +87.7% |
| Operating profit (loss) | 9901 | -€7,352 | €147 | +€7,499 | |
| Financial charges | 65/66B | €3,391 | €2,688 | -€703 | -20.7% |
| Recurring financial charges | 65 | €3,391 | €2,688 | -€703 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,743 | -€2,541 | +€8,202 | +76.4% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€10,875 | -€2,680 | +€8,194 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,875 | -€2,680 | +€8,194 | +75.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.