PMC-CONSTRUCT: 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.
PMC-CONSTRUCT
Largest movements
- Stocks and contracts +€40,522
up €40,522 (+6.8%), from €595,503 to €636,025
- Cash -€37,778
down €37,778 (-82.7%), from €45,669 to €7,891
mainly Trade debts (-€44,502) and Stocks and contracts (-€40,522)
- Receivables within one year -€17,809
down €17,809 (-9.1%), from €195,007 to €177,198
of which Trade receivables: -€18,395
- Trade debts -€44,502
down €44,502 (-63.4%), from €70,173 to €25,671
- Reserves +€36,983
up €36,983 (+8.7%), from €426,865 to €463,848
- Tax, wage and social debts -€21,226
down €21,226 (-35.5%), from €59,752 to €38,526
of which Taxes: -€11,049
- Accrued charges and deferred income +€13,527
up €13,527 (+311.1%), from €4,348 to €17,875
- Gross operating margin +€59,532
up €59,532 (+37.4%), from €158,977 to €218,508
- Financial charges +€13,688
up €13,688 (+139.8%), from €9,789 to €23,477
- Taxes +€13,405
up €13,405 (+3236.3%), from €414 to €13,819
- Financial income +€7,404
up €7,404 (+1165.4%), from €635 to €8,039
- Depreciation -€6,246
down €6,246 (-79.9%), from €7,816 to €1,571
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 | €868,866 | €850,121 | -€18,745 | -2.2% |
| Fixed assets | 21/28 | €6,450 | €5,319 | -€1,131 | -17.5% |
| Tangible fixed assets | 22/27 | €5,212 | €5,319 | +€107 | +2.0% |
| Plant, machinery and equipment | 23 | €5,212 | €3,758 | -€1,455 | -27.9% |
| Furniture and vehicles | 24 | €0 | €1,561 | +€1,561 | |
| Financial fixed assets | 28 | €1,237 | €0 | -€1,237 | -100.0% |
| Current assets | 29/58 | €862,416 | €844,802 | -€17,614 | -2.0% |
| Amounts receivable after more than one year | 29 | €16,850 | €16,850 | = | 0.0% |
| Trade receivables | 290 | €16,850 | €0 | -€16,850 | -100.0% |
| Other amounts receivable | 291 | - | €16,850 | +€16,850 | |
| Stocks and contracts in progress | 3 | €595,503 | €636,025 | +€40,522 | +6.8% |
| Stocks | 30/36 | €595,503 | €636,025 | +€40,522 | +6.8% |
| Amounts receivable within one year | 40/41 | €195,007 | €177,198 | -€17,809 | -9.1% |
| Trade receivables | 40 | €57,452 | €39,057 | -€18,395 | -32.0% |
| Other amounts receivable | 41 | €137,555 | €138,141 | +€586 | +0.4% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,669 | €7,891 | -€37,778 | -82.7% |
| Deferred charges and accrued income | 490/1 | €9,137 | €6,587 | -€2,550 | -27.9% |
| Total equity and liabilities | 10/49 | €868,866 | €850,121 | -€18,745 | -2.2% |
| Equity | 10/15 | €445,457 | €482,440 | +€36,983 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €426,865 | €463,848 | +€36,983 | +8.7% |
| Distributable reserves | 133 | €426,865 | €463,848 | +€36,983 | +8.7% |
| Amounts payable | 17/49 | €423,409 | €367,681 | -€55,728 | -13.2% |
| Amounts payable after more than one year | 17 | €115,000 | €115,000 | = | 0.0% |
| Financial debts | 170/4 | €115,000 | €115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,061 | €234,807 | -€69,254 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €1,722 | €0 | -€1,722 | -100.0% |
| Financial debts | 43 | €172,414 | €170,610 | -€1,805 | -1.0% |
| Credit institutions | 430/8 | €172,414 | €170,000 | -€2,414 | -1.4% |
| Other loans | 439 | - | €610 | +€610 | |
| Trade debts | 44 | €70,173 | €25,671 | -€44,502 | -63.4% |
| Suppliers | 440/4 | €70,173 | €25,671 | -€44,502 | -63.4% |
| Taxes, remuneration and social security | 45 | €59,752 | €38,526 | -€21,226 | -35.5% |
| Taxes | 450/3 | €36,002 | €24,953 | -€11,049 | -30.7% |
| Remuneration and social security | 454/9 | €23,750 | €13,573 | -€10,177 | -42.8% |
| Accrued charges and deferred income | 492/3 | €4,348 | €17,875 | +€13,527 | +311.1% |
| Non-recurring operating income | 76A | €624 | €0 | -€624 | -100.0% |
| Remuneration, social security and pensions | 62 | €139,647 | €144,571 | +€4,924 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,816 | €1,571 | -€6,246 | -79.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €823 | +€823 | |
| Other operating charges | 640/8 | €5,596 | €5,304 | -€291 | -5.2% |
| Gross operating margin | 9900 | €158,977 | €218,508 | +€59,532 | +37.4% |
| Operating profit (loss) | 9901 | €5,918 | €66,239 | +€60,321 | +1019.2% |
| Financial income | 75/76B | €635 | €8,039 | +€7,404 | +1165.4% |
| Recurring financial income | 75 | €635 | €8,039 | +€7,404 | +1165.4% |
| Financial charges | 65/66B | €9,789 | €23,477 | +€13,688 | +139.8% |
| Recurring financial charges | 65 | €9,789 | €23,477 | +€13,688 | +139.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,235 | €50,802 | +€54,037 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €414 | €13,819 | +€13,405 | +3236.3% |
| Profit (loss) for the period | 9904 | -€3,649 | €36,983 | +€40,632 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,649 | €36,983 | +€40,632 |
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 4 October 2026 via checked.be.