PME: 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.
PME
Largest movements
- Stocks and contracts -€350,226
down €350,226 (-7.6%), from €4.6m to €4.3m
of which Contracts in progress: -€295,338
- Receivables within one year -€316,177
down €316,177 (-24.6%), from €1.3m to €968,355
of which Other amounts receivable: -€270,855
- Cash +€133,401
up €133,401 (+209%), from €63,802 to €197,203
mainly Stocks and contracts (+€350,226) and Other debts (+€338,061)
- Tangible fixed assets -€130,076
down €130,076 (-18.2%), from €713,081 to €583,005
- Advances received -€653,493
down €653,493 (-22.5%), from €2.9m to €2.3m
- Other debts +€338,061
up €338,061, from €0 to €338,061
- Debts after one year -€170,667
down €170,667 (-58.0%), from €294,417 to €123,750
- Current portion of long-term debt -€78,371
down €78,371 (-31.1%), from €252,110 to €173,739
- Trade debts -€76,899
down €76,899 (-5.8%), from €1.3m to €1.3m
- Staff costs -€333,372
down €333,372 (-22.2%), from €1.5m to €1.2m
- Gross operating margin -€311,790
down €311,790 (-16.6%), from €1.9m to €1.6m
- Taxes -€20,295
down €20,295 (-32.8%), from €61,893 to €41,599
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 | €7,258,051 | €6,573,818 | -€684,233 | -9.4% |
| Fixed assets | 21/28 | €1,255,903 | €1,078,684 | -€177,219 | -14.1% |
| Intangible fixed assets | 21 | €302,436 | €255,293 | -€47,143 | -15.6% |
| Tangible fixed assets | 22/27 | €713,081 | €583,005 | -€130,076 | -18.2% |
| Plant, machinery and equipment | 23 | €78,382 | €57,107 | -€21,275 | -27.1% |
| Furniture and vehicles | 24 | €176,641 | €116,630 | -€60,011 | -34.0% |
| Other tangible fixed assets | 26 | €458,057 | €409,268 | -€48,790 | -10.7% |
| Financial fixed assets | 28 | €240,387 | €240,387 | = | 0.0% |
| Current assets | 29/58 | €6,002,148 | €5,495,134 | -€507,014 | -8.4% |
| Stocks and contracts in progress | 3 | €4,613,744 | €4,263,519 | -€350,226 | -7.6% |
| Stocks | 30/36 | €1,664,885 | €1,609,996 | -€54,888 | -3.3% |
| Contracts in progress | 37 | €2,948,860 | €2,653,522 | -€295,338 | -10.0% |
| Amounts receivable within one year | 40/41 | €1,284,532 | €968,355 | -€316,177 | -24.6% |
| Trade receivables | 40 | €966,119 | €920,797 | -€45,322 | -4.7% |
| Other amounts receivable | 41 | €318,413 | €47,558 | -€270,855 | -85.1% |
| Cash at bank and in hand | 54/58 | €63,802 | €197,203 | +€133,401 | +209% |
| Deferred charges and accrued income | 490/1 | €40,071 | €66,058 | +€25,988 | +64.9% |
| Total equity and liabilities | 10/49 | €7,258,051 | €6,573,818 | -€684,233 | -9.4% |
| Equity | 10/15 | €1,061,207 | €1,074,562 | +€13,355 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €999,207 | €1,012,562 | +€13,355 | +1.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €993,007 | €1,006,362 | +€13,355 | +1.3% |
| Amounts payable | 17/49 | €6,196,844 | €5,499,256 | -€697,588 | -11.3% |
| Amounts payable after more than one year | 17 | €294,417 | €123,750 | -€170,667 | -58.0% |
| Financial debts | 170/4 | €294,417 | €123,750 | -€170,667 | -58.0% |
| Amounts payable within one year | 42/48 | €5,895,412 | €5,368,367 | -€527,045 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €252,110 | €173,739 | -€78,371 | -31.1% |
| Financial debts | 43 | €1,067,723 | €1,017,311 | -€50,413 | -4.7% |
| Credit institutions | 430/8 | €1,067,723 | €1,017,311 | -€50,413 | -4.7% |
| Trade debts | 44 | €1,333,288 | €1,256,389 | -€76,899 | -5.8% |
| Suppliers | 440/4 | €1,333,288 | €1,256,389 | -€76,899 | -5.8% |
| Advances received on contracts in progress | 46 | €2,906,045 | €2,252,553 | -€653,493 | -22.5% |
| Taxes, remuneration and social security | 45 | €336,245 | €330,314 | -€5,931 | -1.8% |
| Taxes | 450/3 | €168,167 | €49,826 | -€118,342 | -70.4% |
| Remuneration and social security | 454/9 | €168,078 | €280,489 | +€112,411 | +66.9% |
| Other amounts payable | 47/48 | €0 | €338,061 | +€338,061 | |
| Accrued charges and deferred income | 492/3 | €7,016 | €7,140 | +€124 | +1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,500,919 | €1,167,547 | -€333,372 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,833 | €182,466 | +€18,633 | +11.4% |
| Other operating charges | 640/8 | €37,661 | €31,533 | -€6,127 | -16.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,882,857 | €1,571,067 | -€311,790 | -16.6% |
| Operating profit (loss) | 9901 | €180,444 | €189,521 | +€9,077 | +5.0% |
| Financial income | 75/76B | €6,203 | €3,985 | -€2,218 | -35.8% |
| Recurring financial income | 75 | €6,203 | €3,985 | -€2,218 | -35.8% |
| Financial charges | 65/66B | €122,483 | €138,552 | +€16,069 | +13.1% |
| Recurring financial charges | 65 | €122,483 | €138,552 | +€16,069 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €64,164 | €54,953 | -€9,211 | -14.4% |
| Income taxes | 67/77 | €61,893 | €41,599 | -€20,295 | -32.8% |
| Profit (loss) for the period | 9904 | €2,271 | €13,355 | +€11,084 | +488% |
| Profit (loss) for the period to be appropriated | 9905 | €2,271 | €13,355 | +€11,084 | +488% |
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 14 October 2026 via checked.be.