PMD Services: 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 Services
Largest movements
- Current investments -€44,317
down €44,317 (-27.5%), from €161,029 to €116,713
- Receivables within one year +€22,502
up €22,502 (+491%), from €4,582 to €27,084
of which Trade receivables: +€15,216
- Tangible fixed assets -€14,616
down €14,616 (-22.7%), from €64,275 to €49,659
of which Furniture and vehicles: -€10,368
- Cash +€3,661
up €3,661 (+3.6%), from €101,071 to €104,731
mainly Current investments (+€44,317) and Depreciation (+€16,852)
- Reserves -€30,933
down €30,933 (-10.6%), from €292,865 to €261,932
of which Distributable reserves: -€29,933
- Gross operating margin -€6,077
down €6,077 (-13.9%), from €43,862 to €37,785
- Taxes -€3,328
down €3,328 (-30.2%), from €11,023 to €7,695
- Depreciation +€769
up €769 (+4.8%), from €16,083 to €16,852
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 | €332,622 | €301,155 | -€31,467 | -9.5% |
| Fixed assets | 21/28 | €65,427 | €50,812 | -€14,616 | -22.3% |
| Tangible fixed assets | 22/27 | €64,275 | €49,659 | -€14,616 | -22.7% |
| Plant, machinery and equipment | 23 | €18,735 | €15,889 | -€2,846 | -15.2% |
| Furniture and vehicles | 24 | €40,755 | €30,387 | -€10,368 | -25.4% |
| Other tangible fixed assets | 26 | €4,784 | €3,383 | -€1,402 | -29.3% |
| Financial fixed assets | 28 | €1,153 | €1,153 | = | 0.0% |
| Current assets | 29/58 | €267,195 | €250,343 | -€16,852 | -6.3% |
| Amounts receivable within one year | 40/41 | €4,582 | €27,084 | +€22,502 | +491% |
| Trade receivables | 40 | - | €15,216 | +€15,216 | |
| Other amounts receivable | 41 | €4,582 | €11,869 | +€7,286 | +159% |
| Current investments | 50/53 | €161,029 | €116,713 | -€44,317 | -27.5% |
| Cash at bank and in hand | 54/58 | €101,071 | €104,731 | +€3,661 | +3.6% |
| Deferred charges and accrued income | 490/1 | €512 | €1,814 | +€1,302 | +254% |
| Total equity and liabilities | 10/49 | €332,622 | €301,155 | -€31,467 | -9.5% |
| Equity | 10/15 | €330,065 | €299,132 | -€30,933 | -9.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €292,865 | €261,932 | -€30,933 | -10.6% |
| Non-distributable reserves | 130/1 | €7,794 | €6,794 | -€1,000 | -12.8% |
| Other | 1319 | €7,794 | €6,794 | -€1,000 | -12.8% |
| Tax-exempt reserves | 132 | €26,712 | €26,712 | = | 0.0% |
| Distributable reserves | 133 | €258,359 | €228,426 | -€29,933 | -11.6% |
| Amounts payable | 17/49 | €2,557 | €2,023 | -€534 | -20.9% |
| Amounts payable within one year | 42/48 | €2,557 | €2,023 | -€534 | -20.9% |
| Trade debts | 44 | €220 | €1,490 | +€1,270 | +577% |
| Suppliers | 440/4 | €220 | €1,490 | +€1,270 | +577% |
| Taxes, remuneration and social security | 45 | €2,002 | €533 | -€1,469 | -73.4% |
| Taxes | 450/3 | €2,002 | €533 | -€1,469 | -73.4% |
| Other amounts payable | 47/48 | €335 | - | -€335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,083 | €16,852 | +€769 | +4.8% |
| Other operating charges | 640/8 | €859 | €991 | +€132 | +15.4% |
| Gross operating margin | 9900 | €43,862 | €37,785 | -€6,077 | -13.9% |
| Operating profit (loss) | 9901 | €26,921 | €19,943 | -€6,978 | -25.9% |
| Financial income | 75/76B | €1,460 | €1,486 | +€26 | +1.8% |
| Recurring financial income | 75 | €1,460 | €1,486 | +€26 | +1.8% |
| Financial charges | 65/66B | €213 | €167 | -€46 | -21.8% |
| Recurring financial charges | 65 | €213 | €167 | -€46 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €28,168 | €21,262 | -€6,906 | -24.5% |
| Income taxes | 67/77 | €11,023 | €7,695 | -€3,328 | -30.2% |
| Profit (loss) for the period | 9904 | €17,145 | €13,567 | -€3,578 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,145 | €13,567 | -€3,578 | -20.9% |
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 28 October 2026 via checked.be.