PMC Engineering: 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.
PMC Engineering
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+103.8%), from €144,487 to €294,487
- Cash -€137,065
down €137,065 (-77.0%), from €178,001 to €40,936
mainly Investment in fixed assets (net) (-€155,114) and Short-term financial debts (-€50,000)
- Tangible fixed assets -€51,807
down €51,807 (-6.7%), from €769,962 to €718,154
of which Land and buildings: -€56,336
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Short-term financial debts -€50,000
down €50,000 (-4.9%), from €1.0m to €980,000
- Profit (loss) carried forward -€44,236
down €44,236 (-20.1%), from -€219,791 to -€264,028
- Gross operating margin -€47,339
down €47,339 (-57.0%), from €83,028 to €35,688
- Financial income -€47,222
down €47,222 (-87.9%), from €53,721 to €6,499
of which Non-recurring financial income: -€47,946
- Depreciation -€38,123
down €38,123 (-40.1%), from €95,044 to €56,922
- Taxes -€7,374
down €7,374 (-97.7%), from €7,551 to €177
- Other operating charges +€2,396
up €2,396 (+45.4%), from €5,276 to €7,672
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 | €1,233,807 | €1,143,846 | -€89,961 | -7.3% |
| Fixed assets | 21/28 | €914,449 | €1,012,642 | +€98,193 | +10.7% |
| Tangible fixed assets | 22/27 | €769,962 | €718,154 | -€51,807 | -6.7% |
| Land and buildings | 22 | €705,462 | €649,126 | -€56,336 | -8.0% |
| Furniture and vehicles | 24 | €64,500 | €69,029 | +€4,529 | +7.0% |
| Financial fixed assets | 28 | €144,487 | €294,487 | +€150,000 | +103.8% |
| Current assets | 29/58 | €319,358 | €131,204 | -€188,154 | -58.9% |
| Amounts receivable within one year | 40/41 | €75,646 | €72,835 | -€2,811 | -3.7% |
| Trade receivables | 40 | €62,213 | €72,511 | +€10,298 | +16.6% |
| Other amounts receivable | 41 | €13,433 | €323 | -€13,109 | -97.6% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €178,001 | €40,936 | -€137,065 | -77.0% |
| Deferred charges and accrued income | 490/1 | €15,712 | €17,434 | +€1,722 | +11.0% |
| Total equity and liabilities | 10/49 | €1,233,807 | €1,143,846 | -€89,961 | -7.3% |
| Equity | 10/15 | €176,209 | €131,972 | -€44,236 | -25.1% |
| Contributions | 10/11 | €396,000 | €396,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,791 | -€264,028 | -€44,236 | -20.1% |
| Amounts payable | 17/49 | €1,057,599 | €1,011,874 | -€45,725 | -4.3% |
| Amounts payable within one year | 42/48 | €1,048,999 | €997,760 | -€51,238 | -4.9% |
| Financial debts | 43 | €1,030,000 | €980,000 | -€50,000 | -4.9% |
| Other loans | 439 | €1,030,000 | €980,000 | -€50,000 | -4.9% |
| Trade debts | 44 | €15,621 | €11,608 | -€4,013 | -25.7% |
| Suppliers | 440/4 | €15,621 | €11,608 | -€4,013 | -25.7% |
| Taxes, remuneration and social security | 45 | €2,867 | €5,641 | +€2,775 | +96.8% |
| Taxes | 450/3 | €2,867 | €5,641 | +€2,775 | +96.8% |
| Other amounts payable | 47/48 | €511 | €511 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,600 | €14,114 | +€5,514 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,044 | €56,922 | -€38,123 | -40.1% |
| Other operating charges | 640/8 | €5,276 | €7,672 | +€2,396 | +45.4% |
| Non-recurring operating charges | 66A | €7,638 | - | -€7,638 | |
| Gross operating margin | 9900 | €83,028 | €35,688 | -€47,339 | -57.0% |
| Operating profit (loss) | 9901 | -€24,931 | -€28,905 | -€3,975 | -15.9% |
| Financial income | 75/76B | €53,721 | €6,499 | -€47,222 | -87.9% |
| Recurring financial income | 75 | €2,618 | €3,341 | +€724 | +27.6% |
| Non-recurring financial income | 76B | €51,103 | €3,157 | -€47,946 | -93.8% |
| Financial charges | 65/66B | €21,392 | €21,653 | +€261 | +1.2% |
| Recurring financial charges | 65 | €21,392 | €21,653 | +€261 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €7,398 | -€44,060 | -€51,458 | |
| Income taxes | 67/77 | €7,551 | €177 | -€7,374 | -97.7% |
| Profit (loss) for the period | 9904 | -€153 | -€44,236 | -€44,083 | -28782.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€153 | -€44,236 | -€44,083 | -28782.4% |
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 9 October 2026 via checked.be.