PMD: 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.
PMD
Largest movements
- Cash -€64,536
down €64,536 (-96.3%), from €67,030 to €2,494
mainly Net result for the year (-€60,220) and Tax, wage and social debts (-€9,450)
- Receivables within one year -€5,665
down €5,665 (-5.5%), from €103,542 to €97,877
of which Other amounts receivable: -€3,593
- Profit (loss) carried forward -€60,220
down €60,220 (-41.0%), from €146,974 to €86,753
- Tax, wage and social debts -€9,450
down €9,450 (-94.8%), from €9,970 to €521
of which Taxes: -€4,755
- Trade debts -€2,614
down €2,614 (-90.3%), from €2,895 to €281
- Gross operating margin -€132,494
down €132,494, from €89,953 to -€42,541
- Taxes -€18,500
down €18,500 (-98.1%), from €18,853 to €353
- Financial income -€8,524
down €8,524 (-58.7%), from €14,521 to €5,997
of which Non-recurring financial income: -€9,300
- Staff costs -€5,041
down €5,041 (-22.2%), from €22,664 to €17,623
- Financial charges -€4,267
down €4,267 (-75.8%), from €5,633 to €1,366
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,045 | €157,161 | -€71,884 | -31.4% |
| Fixed assets | 21/28 | €12,653 | €10,841 | -€1,812 | -14.3% |
| Tangible fixed assets | 22/27 | €12,603 | €10,791 | -€1,812 | -14.4% |
| Land and buildings | 22 | €11,122 | €9,555 | -€1,567 | -14.1% |
| Furniture and vehicles | 24 | - | €656 | +€656 | |
| Other tangible fixed assets | 26 | €1,480 | €580 | -€901 | -60.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €216,392 | €146,320 | -€70,072 | -32.4% |
| Amounts receivable within one year | 40/41 | €103,542 | €97,877 | -€5,665 | -5.5% |
| Trade receivables | 40 | €4,719 | €2,647 | -€2,072 | -43.9% |
| Other amounts receivable | 41 | €98,823 | €95,230 | -€3,593 | -3.6% |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,030 | €2,494 | -€64,536 | -96.3% |
| Deferred charges and accrued income | 490/1 | €821 | €949 | +€129 | +15.7% |
| Total equity and liabilities | 10/49 | €229,045 | €157,161 | -€71,884 | -31.4% |
| Equity | 10/15 | €216,180 | €155,959 | -€60,220 | -27.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €61,146 | €61,146 | = | 0.0% |
| Distributable reserves | 133 | €61,146 | €61,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,974 | €86,753 | -€60,220 | -41.0% |
| Amounts payable | 17/49 | €12,865 | €1,201 | -€11,664 | -90.7% |
| Amounts payable within one year | 42/48 | €12,865 | €802 | -€12,063 | -93.8% |
| Trade debts | 44 | €2,895 | €281 | -€2,614 | -90.3% |
| Suppliers | 440/4 | €2,895 | €281 | -€2,614 | -90.3% |
| Taxes, remuneration and social security | 45 | €9,970 | €521 | -€9,450 | -94.8% |
| Taxes | 450/3 | €5,108 | €353 | -€4,755 | -93.1% |
| Remuneration and social security | 454/9 | €4,863 | €168 | -€4,695 | -96.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €40,000 | - | -€40,000 | |
| Remuneration, social security and pensions | 62 | €22,664 | €17,623 | -€5,041 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,215 | €2,616 | -€3,599 | -57.9% |
| Other operating charges | 640/8 | €2,364 | €1,719 | -€645 | -27.3% |
| Gross operating margin | 9900 | €89,953 | -€42,541 | -€132,494 | |
| Operating profit (loss) | 9901 | €58,710 | -€64,499 | -€123,209 | |
| Financial income | 75/76B | €14,521 | €5,997 | -€8,524 | -58.7% |
| Recurring financial income | 75 | €5,221 | €5,997 | +€776 | +14.9% |
| Non-recurring financial income | 76B | €9,300 | - | -€9,300 | |
| Financial charges | 65/66B | €5,633 | €1,366 | -€4,267 | -75.8% |
| Recurring financial charges | 65 | €5,633 | €1,366 | -€4,267 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €67,599 | -€59,868 | -€127,467 | |
| Income taxes | 67/77 | €18,853 | €353 | -€18,500 | -98.1% |
| Profit (loss) for the period | 9904 | €48,746 | -€60,220 | -€108,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,746 | -€60,220 | -€108,967 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.