PmCo: 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.
PmCo
Largest movements
- Receivables within one year +€68,982
up €68,982 (+179.9%), from €38,352 to €107,334
of which Trade receivables: +€50,910
- Tangible fixed assets -€21,182
down €21,182 (-34.0%), from €62,306 to €41,124
of which Furniture and vehicles: -€21,264
- Cash +€18,360
up €18,360 (+12.3%), from €149,158 to €167,518
mainly Net result for the year (+€73,291) and Advances received (+€60,000)
- Advances received +€60,000
new in 2025: €60,000
- Other debts +€16,620
up €16,620 (+88.9%), from €18,694 to €35,314
- Trade debts -€8,170
down €8,170 (-30.1%), from €27,106 to €18,936
- Tax, wage and social debts -€7,316
down €7,316 (-63.8%), from €11,472 to €4,156
- Profit (loss) carried forward +€3,291
up €3,291 (+686.6%), from €479 to €3,770
- Gross operating margin +€87,440
up €87,440 (+213.3%), from €40,998 to €128,438
- Taxes +€15,757
up €15,757 (+499.9%), from €3,152 to €18,909
- Staff costs +€13,290
new in 2025: €13,290
- Other operating charges -€1,310
down €1,310 (-58.8%), from €2,226 to €916
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 | €254,211 | €318,636 | +€64,425 | +25.3% |
| Fixed assets | 21/28 | €62,306 | €41,124 | -€21,182 | -34.0% |
| Tangible fixed assets | 22/27 | €62,306 | €41,124 | -€21,182 | -34.0% |
| Plant, machinery and equipment | 23 | €1,176 | €1,257 | +€82 | +6.9% |
| Furniture and vehicles | 24 | €61,130 | €39,867 | -€21,264 | -34.8% |
| Current assets | 29/58 | €191,905 | €277,511 | +€85,607 | +44.6% |
| Amounts receivable within one year | 40/41 | €38,352 | €107,334 | +€68,982 | +179.9% |
| Trade receivables | 40 | €28,986 | €79,896 | +€50,910 | +175.6% |
| Other amounts receivable | 41 | €9,366 | €27,438 | +€18,073 | +193.0% |
| Cash at bank and in hand | 54/58 | €149,158 | €167,518 | +€18,360 | +12.3% |
| Deferred charges and accrued income | 490/1 | €4,395 | €2,659 | -€1,735 | -39.5% |
| Total equity and liabilities | 10/49 | €254,211 | €318,636 | +€64,425 | +25.3% |
| Equity | 10/15 | €196,939 | €200,230 | +€3,291 | +1.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €176,000 | €176,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,000 | €176,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €479 | €3,770 | +€3,291 | +686.6% |
| Amounts payable | 17/49 | €57,272 | €118,405 | +€61,134 | +106.7% |
| Amounts payable within one year | 42/48 | €57,272 | €118,405 | +€61,134 | +106.7% |
| Trade debts | 44 | €27,106 | €18,936 | -€8,170 | -30.1% |
| Suppliers | 440/4 | €27,106 | €18,936 | -€8,170 | -30.1% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €11,472 | €4,156 | -€7,316 | -63.8% |
| Taxes | 450/3 | €11,472 | €4,156 | -€7,316 | -63.8% |
| Other amounts payable | 47/48 | €18,694 | €35,314 | +€16,620 | +88.9% |
| Remuneration, social security and pensions | 62 | - | €13,290 | +€13,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,241 | €22,349 | -€892 | -3.8% |
| Other operating charges | 640/8 | €2,226 | €916 | -€1,310 | -58.8% |
| Gross operating margin | 9900 | €40,998 | €128,438 | +€87,440 | +213.3% |
| Operating profit (loss) | 9901 | €15,532 | €91,884 | +€76,352 | +491.6% |
| Financial income | 75/76B | - | €520 | +€520 | |
| Recurring financial income | 75 | - | €520 | +€520 | |
| Financial charges | 65/66B | €547 | €204 | -€342 | -62.6% |
| Recurring financial charges | 65 | €547 | €204 | -€342 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €14,985 | €92,199 | +€77,214 | +515.3% |
| Income taxes | 67/77 | €3,152 | €18,909 | +€15,757 | +499.9% |
| Profit (loss) for the period | 9904 | €11,833 | €73,291 | +€61,458 | +519.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,833 | €73,291 | +€61,458 | +519.4% |
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 11 October 2026 via checked.be.