PMD INDEHERBERGE: what changed
PMD INDEHERBERGE
Largest movements
- Stocks and contracts -€35,797
no longer reported in 2025 (was €35,797)
- Cash +€11,458
up €11,458 (+174%), from €6,573 to €18,030
mainly Stocks and contracts (+€35,797) and Net result for the year (+€12,045)
- Receivables within one year -€7,694
down €7,694 (-28.1%), from €27,419 to €19,725
of which Trade receivables: -€9,421
- Tangible fixed assets -€1,615
down €1,615 (-56.9%), from €2,837 to €1,222
of which Plant, machinery and equipment: -€1,184
- Current portion of long-term debt -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Trade debts -€12,470
down €12,470 (-74.0%), from €16,859 to €4,389
- Profit (loss) carried forward +€12,045
up €12,045 (+48.4%), from -€24,881 to -€12,837
- Other debts -€8,258
down €8,258 (-98.4%), from €8,396 to €138
- Gross operating margin +€9,968
up €9,968 (+15.0%), from €66,611 to €76,578
- Financial income -€4,794
down €4,794 (-100.0%), from €4,795 to €1
- Staff costs +€4,064
up €4,064 (+7.8%), from €52,385 to €56,449
- Depreciation -€1,779
down €1,779 (-52.4%), from €3,394 to €1,615
- Other operating charges -€869
down €869 (-26.9%), from €3,228 to €2,359
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,506 | €42,956 | -€33,550 | -43.9% |
| Fixed assets | 21/28 | €6,137 | €4,522 | -€1,615 | -26.3% |
| Tangible fixed assets | 22/27 | €2,837 | €1,222 | -€1,615 | -56.9% |
| Plant, machinery and equipment | 23 | €1,504 | €320 | -€1,184 | -78.7% |
| Furniture and vehicles | 24 | €1,333 | €902 | -€431 | -32.3% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €70,370 | €38,434 | -€31,935 | -45.4% |
| Stocks and contracts in progress | 3 | €35,797 | - | -€35,797 | |
| Contracts in progress | 37 | €35,797 | - | -€35,797 | |
| Amounts receivable within one year | 40/41 | €27,419 | €19,725 | -€7,694 | -28.1% |
| Trade receivables | 40 | €25,635 | €16,214 | -€9,421 | -36.8% |
| Other amounts receivable | 41 | €1,783 | €3,511 | +€1,727 | +96.9% |
| Cash at bank and in hand | 54/58 | €6,573 | €18,030 | +€11,458 | +174% |
| Deferred charges and accrued income | 490/1 | €581 | €680 | +€99 | +17.0% |
| Total equity and liabilities | 10/49 | €76,506 | €42,956 | -€33,550 | -43.9% |
| Equity | 10/15 | €912 | €12,957 | +€12,045 | +1,320% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,594 | €19,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €17,739 | €17,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,881 | -€12,837 | +€12,045 | +48.4% |
| Amounts payable | 17/49 | €75,594 | €30,000 | -€45,594 | -60.3% |
| Amounts payable within one year | 42/48 | €75,559 | €29,983 | -€45,576 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Trade debts | 44 | €16,859 | €4,389 | -€12,470 | -74.0% |
| Suppliers | 440/4 | €16,859 | €4,389 | -€12,470 | -74.0% |
| Taxes, remuneration and social security | 45 | €304 | €456 | +€152 | +50.1% |
| Taxes | 450/3 | €304 | €456 | +€152 | +50.1% |
| Other amounts payable | 47/48 | €8,396 | €138 | -€8,258 | -98.4% |
| Accrued charges and deferred income | 492/3 | €35 | €16 | -€19 | -54.0% |
| Remuneration, social security and pensions | 62 | €52,385 | €56,449 | +€4,064 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,394 | €1,615 | -€1,779 | -52.4% |
| Other operating charges | 640/8 | €3,228 | €2,359 | -€869 | -26.9% |
| Gross operating margin | 9900 | €66,611 | €76,578 | +€9,968 | +15.0% |
| Operating profit (loss) | 9901 | €7,603 | €16,155 | +€8,552 | +112% |
| Financial income | 75/76B | €4,795 | €1 | -€4,794 | -100.0% |
| Recurring financial income | 75 | €4,795 | €1 | -€4,794 | -100.0% |
| Financial charges | 65/66B | €4,115 | €3,800 | -€315 | -7.7% |
| Recurring financial charges | 65 | €4,115 | €3,800 | -€315 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €8,283 | €12,357 | +€4,074 | +49.2% |
| Income taxes | 67/77 | €303 | €312 | +€9 | +3.1% |
| Profit (loss) for the period | 9904 | €7,980 | €12,045 | +€4,064 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,980 | €12,045 | +€4,064 | +50.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.