PMBM: 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.
What changed
PMBM
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€26,923
2024 · €656,147-€683,070
Equity
€2.0m
2024 · €2.0m-€26,923
Cash
€49,821
2024 · €30,106+€19,715
Balance sheet total
€8.8m
2024 · €9.1m-€309,767
Largest movements
Assets
- Tangible fixed assets -€319,086
down €319,086 (-3.5%), from €9.0m to €8.7m
of which Land and buildings: -€330,290
Equity and liabilities
- Debts after one year -€253,846
down €253,846 (-15.9%), from €1.6m to €1.3m
Income statement
- Gross operating margin -€905,581
down €905,581 (-53.5%), from €1.7m to €786,954
- Depreciation +€56,808
up €56,808 (+10.2%), from €554,253 to €611,061
- Financial charges -€56,786
down €56,786 (-57.6%), from €98,604 to €41,818
- Other operating charges -€45,170
down €45,170 (-33.2%), from €136,044 to €90,875
- Financial income -€31,082
down €31,082 (-90.5%), from €34,349 to €3,267
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.
Result 2024
€656,147
Gross operating margin
-€905,581
Staff costs
-€8,215
Depreciation
-€56,808
Other operating charges
+€45,170
Financial income
-€31,082
Financial charges
+€56,786
Taxes
-€16
Deferred taxes and other
+€216,677
Result 2025
-€26,923
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€609,286
Investment
-€290,725
Financing
-€298,846
Cash 2024
€30,106
From operations (derived)
+€609,286
Net result for the year
-€26,923
Depreciation
+€611,061
Receivables within one year
+€4,785
Deferred charges and accrued income
+€4,360
Provisions
-€12,025
Trade debts
+€21,231
Tax, wage and social debts
-€35,437
Other debts
+€42,860
Accrued charges and deferred income
-€627
Investment (derived)
-€290,725
Investment in fixed assets (net)
-€290,725
Financing
-€298,846
Debts after one year
-€253,846
Short-term financial debts
-€45,000
Cash 2025
€49,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,128,323 | €8,818,556 | -€309,767 | -3.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,047,051 | €8,726,715 | -€320,336 | -3.5% |
| Tangible fixed assets | 22/27 | €9,019,501 | €8,700,415 | -€319,086 | -3.5% |
| Land and buildings | 22 | €9,002,499 | €8,672,209 | -€330,290 | -3.7% |
| Furniture and vehicles | 24 | €17,002 | €28,206 | +€11,204 | +65.9% |
| Financial fixed assets | 28 | €27,550 | €26,300 | -€1,250 | -4.5% |
| Current assets | 29/58 | €81,272 | €91,841 | +€10,569 | +13.0% |
| Amounts receivable within one year | 40/41 | €41,254 | €36,468 | -€4,785 | -11.6% |
| Trade receivables | 40 | €23,132 | €33,047 | +€9,915 | +42.9% |
| Other amounts receivable | 41 | €18,122 | €3,421 | -€14,700 | -81.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €30,106 | €49,821 | +€19,715 | +65.5% |
| Deferred charges and accrued income | 490/1 | €9,912 | €5,552 | -€4,360 | -44.0% |
| Total equity and liabilities | 10/49 | €9,128,323 | €8,818,556 | -€309,767 | -3.4% |
| Equity | 10/15 | €1,998,271 | €1,971,348 | -€26,923 | -1.3% |
| Contributions | 10/11 | €994,114 | €994,114 | = | 0.0% |
| Reserves | 13 | €651,068 | €614,994 | -€36,074 | -5.5% |
| Tax-exempt reserves | 132 | €613,956 | €577,882 | -€36,074 | -5.9% |
| Distributable reserves | 133 | €37,111 | €37,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €353,090 | €362,240 | +€9,151 | +2.6% |
| Provisions and deferred taxes | 16 | €204,652 | €192,627 | -€12,025 | -5.9% |
| Deferred taxes | 168 | €204,652 | €192,627 | -€12,025 | -5.9% |
| Amounts payable | 17/49 | €6,925,400 | €6,654,581 | -€270,819 | -3.9% |
| Amounts payable after more than one year | 17 | €1,594,871 | €1,341,025 | -€253,846 | -15.9% |
| Financial debts | 170/4 | €1,594,871 | €1,341,025 | -€253,846 | -15.9% |
| Amounts payable within one year | 42/48 | €5,329,902 | €5,313,556 | -€16,346 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €253,846 | €253,846 | = | 0.0% |
| Financial debts | 43 | €600,000 | €555,000 | -€45,000 | -7.5% |
| Credit institutions | 430/8 | €600,000 | €555,000 | -€45,000 | -7.5% |
| Trade debts | 44 | €51,839 | €73,070 | +€21,231 | +41.0% |
| Suppliers | 440/4 | €51,839 | €73,070 | +€21,231 | +41.0% |
| Taxes, remuneration and social security | 45 | €70,292 | €34,855 | -€35,437 | -50.4% |
| Taxes | 450/3 | €56,520 | €20,229 | -€36,291 | -64.2% |
| Remuneration and social security | 454/9 | €13,772 | €14,626 | +€854 | +6.2% |
| Other amounts payable | 47/48 | €4,353,925 | €4,396,785 | +€42,860 | +1.0% |
| Accrued charges and deferred income | 492/3 | €627 | €0 | -€627 | -100% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €957,928 | - | -€957,928 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €76,972 | €85,187 | +€8,215 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554,253 | €611,061 | +€56,808 | +10.2% |
| Other operating charges | 640/8 | €136,044 | €90,875 | -€45,170 | -33.2% |
| Gross operating margin | 9900 | €1,692,535 | €786,954 | -€905,581 | -53.5% |
| Operating profit (loss) | 9901 | €925,265 | -€169 | -€925,434 | |
| Financial income | 75/76B | €34,349 | €3,267 | -€31,082 | -90.5% |
| Recurring financial income | 75 | €34,349 | €3,267 | -€31,082 | -90.5% |
| Financial charges | 65/66B | €98,604 | €41,818 | -€56,786 | -57.6% |
| Recurring financial charges | 65 | €98,604 | €41,818 | -€56,786 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €861,011 | -€38,719 | -€899,730 | |
| Transfer from deferred taxes | 780 | €8,172 | €12,025 | +€3,852 | +47.1% |
| Transfer to deferred taxes | 680 | €212,825 | - | -€212,825 | |
| Income taxes | 67/77 | €212 | €228 | +€16 | +7.6% |
| Profit (loss) for the period | 9904 | €656,147 | -€26,923 | -€683,070 | |
| Transfer from tax-exempt reserves | 789 | €24,517 | €36,074 | +€11,556 | +47.1% |
| Transfer to tax-exempt reserves | 689 | €638,474 | - | -€638,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,190 | €9,151 | -€33,040 | -78.3% |
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 15 October 2026 via checked.be.