PMCI: 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.
PMCI
Largest movements
- Tangible fixed assets -€77,751
down €77,751 (-7.1%), from €1.1m to €1.0m
of which Land and buildings: -€41,707
- Receivables after one year +€31,500
new in 2025: €31,500
- Receivables within one year -€20,659
down €20,659 (-35.0%), from €59,106 to €38,447
of which Other amounts receivable: -€11,831
- Cash +€15,886
up €15,886 (+20.4%), from €77,750 to €93,636
mainly Net result for the year (+€144,432) and Depreciation (+€77,751)
- Reserves +€117,355
up €117,355 (+13.9%), from €841,674 to €959,030
of which Distributable reserves: +€117,355
- Debts after one year -€97,319
down €97,319 (-69.1%), from €140,929 to €43,610
- Tax, wage and social debts -€47,859
down €47,859 (-89.0%), from €53,780 to €5,921
of which Taxes: -€47,659
- Other debts -€33,217
down €33,217 (-95.7%), from €34,706 to €1,489
- Taxes -€32,649
down €32,649 (-48.3%), from €67,651 to €35,003
- Gross operating margin -€22,430
down €22,430 (-7.8%), from €286,328 to €263,898
- Depreciation +€12,549
up €12,549 (+19.2%), from €65,202 to €77,751
- Financial income +€6,374
up €6,374 (+1416528.9%), from €0 to €6,375
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 | €1,234,404 | €1,181,540 | -€52,865 | -4.3% |
| Fixed assets | 21/28 | €1,092,872 | €1,015,121 | -€77,751 | -7.1% |
| Tangible fixed assets | 22/27 | €1,092,872 | €1,015,121 | -€77,751 | -7.1% |
| Land and buildings | 22 | €937,457 | €895,750 | -€41,707 | -4.4% |
| Plant, machinery and equipment | 23 | €27,709 | €19,804 | -€7,904 | -28.5% |
| Furniture and vehicles | 24 | €127,707 | €99,567 | -€28,140 | -22.0% |
| Current assets | 29/58 | €141,532 | €166,419 | +€24,887 | +17.6% |
| Amounts receivable after more than one year | 29 | - | €31,500 | +€31,500 | |
| Other amounts receivable | 291 | - | €31,500 | +€31,500 | |
| Amounts receivable within one year | 40/41 | €59,106 | €38,447 | -€20,659 | -35.0% |
| Trade receivables | 40 | €27,265 | €18,437 | -€8,828 | -32.4% |
| Other amounts receivable | 41 | €31,841 | €20,010 | -€11,831 | -37.2% |
| Cash at bank and in hand | 54/58 | €77,750 | €93,636 | +€15,886 | +20.4% |
| Deferred charges and accrued income | 490/1 | €4,676 | €2,836 | -€1,841 | -39.4% |
| Total equity and liabilities | 10/49 | €1,234,404 | €1,181,540 | -€52,865 | -4.3% |
| Equity | 10/15 | €866,674 | €984,030 | +€117,355 | +13.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €841,674 | €959,030 | +€117,355 | +13.9% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €156,932 | €156,932 | = | 0.0% |
| Distributable reserves | 133 | €681,742 | €799,097 | +€117,355 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €39,233 | €39,233 | = | 0.0% |
| Deferred taxes | 168 | €39,233 | €39,233 | = | 0.0% |
| Amounts payable | 17/49 | €328,497 | €158,277 | -€170,220 | -51.8% |
| Amounts payable after more than one year | 17 | €140,929 | €43,610 | -€97,319 | -69.1% |
| Financial debts | 170/4 | €140,929 | €43,610 | -€97,319 | -69.1% |
| Amounts payable within one year | 42/48 | €187,568 | €114,616 | -€72,952 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €92,150 | €97,319 | +€5,168 | +5.6% |
| Trade debts | 44 | €6,932 | €9,887 | +€2,956 | +42.6% |
| Suppliers | 440/4 | €6,932 | €9,887 | +€2,956 | +42.6% |
| Taxes, remuneration and social security | 45 | €53,780 | €5,921 | -€47,859 | -89.0% |
| Taxes | 450/3 | €51,580 | €3,921 | -€47,659 | -92.4% |
| Remuneration and social security | 454/9 | €2,200 | €2,000 | -€200 | -9.1% |
| Other amounts payable | 47/48 | €34,706 | €1,489 | -€33,217 | -95.7% |
| Accrued charges and deferred income | 492/3 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,202 | €77,751 | +€12,549 | +19.2% |
| Other operating charges | 640/8 | €10,545 | €10,625 | +€80 | +0.8% |
| Gross operating margin | 9900 | €286,328 | €263,898 | -€22,430 | -7.8% |
| Operating profit (loss) | 9901 | €210,581 | €175,521 | -€35,060 | -16.6% |
| Financial income | 75/76B | €0 | €6,375 | +€6,374 | +1416528.9% |
| Recurring financial income | 75 | €0 | €6,375 | +€6,374 | +1416528.9% |
| Financial charges | 65/66B | €3,359 | €2,461 | -€897 | -26.7% |
| Recurring financial charges | 65 | €3,359 | €2,461 | -€897 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €207,223 | €179,435 | -€27,788 | -13.4% |
| Income taxes | 67/77 | €67,651 | €35,003 | -€32,649 | -48.3% |
| Profit (loss) for the period | 9904 | €139,571 | €144,432 | +€4,861 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €139,571 | €144,432 | +€4,861 | +3.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.