PME Cert: what changed
Two fiscal 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 Cert
Largest movements
- Cash +€119,393
up €119,393 (+241.9%), from €49,347 to €168,740
mainly Current investments (+€93,068) and Trade debts (+€81,488)
- Current investments -€93,068
down €93,068 (-86.6%), from €107,488 to €14,420
- Receivables within one year +€49,918
up €49,918 (+33.2%), from €150,183 to €200,101
of which Trade receivables: +€43,202
- Trade debts +€81,488
up €81,488 (+39.1%), from €208,271 to €289,759
- Other debts -€23,642
no longer reported in 2025 (was €23,642)
- Profit (loss) carried forward +€21,633
up €21,633 (+1168.3%), from €1,852 to €23,484
- Write-downs -€11,165
no longer reported in 2025 (was €11,165)
- Gross operating margin +€9,274
up €9,274 (+34.2%), from €27,099 to €36,373
- Taxes +€4,653
up €4,653 (+58.2%), from €8,000 to €12,653
- Other operating charges -€3,775
down €3,775 (-82.2%), from €4,590 to €815
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 | €309,127 | €386,113 | +€76,986 | +24.9% |
| Fixed assets | 21/28 | €1,000 | €1,737 | +€737 | +73.7% |
| Tangible fixed assets | 22/27 | - | €737 | +€737 | |
| Furniture and vehicles | 24 | - | €737 | +€737 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €308,127 | €384,376 | +€76,249 | +24.7% |
| Amounts receivable within one year | 40/41 | €150,183 | €200,101 | +€49,918 | +33.2% |
| Trade receivables | 40 | €138,350 | €181,552 | +€43,202 | +31.2% |
| Other amounts receivable | 41 | €11,833 | €18,549 | +€6,716 | +56.8% |
| Current investments | 50/53 | €107,488 | €14,420 | -€93,068 | -86.6% |
| Cash at bank and in hand | 54/58 | €49,347 | €168,740 | +€119,393 | +241.9% |
| Deferred charges and accrued income | 490/1 | €1,109 | €1,115 | +€6 | +0.6% |
| Total equity and liabilities | 10/49 | €309,127 | €386,113 | +€76,986 | +24.9% |
| Equity | 10/15 | €70,052 | €91,684 | +€21,633 | +30.9% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,852 | €23,484 | +€21,633 | +1168.3% |
| Amounts payable | 17/49 | €239,076 | €294,429 | +€55,353 | +23.2% |
| Amounts payable within one year | 42/48 | €239,076 | €294,429 | +€55,353 | +23.2% |
| Financial debts | 43 | €2,439 | €75 | -€2,364 | -96.9% |
| Credit institutions | 430/8 | €2,439 | €75 | -€2,364 | -96.9% |
| Trade debts | 44 | €208,271 | €289,759 | +€81,488 | +39.1% |
| Suppliers | 440/4 | €208,271 | €289,759 | +€81,488 | +39.1% |
| Taxes, remuneration and social security | 45 | €4,723 | €4,594 | -€129 | -2.7% |
| Taxes | 450/3 | €4,723 | €4,594 | -€129 | -2.7% |
| Other amounts payable | 47/48 | €23,642 | - | -€23,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €202 | +€202 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,165 | - | -€11,165 | |
| Other operating charges | 640/8 | €4,590 | €815 | -€3,775 | -82.2% |
| Gross operating margin | 9900 | €27,099 | €36,373 | +€9,274 | +34.2% |
| Operating profit (loss) | 9901 | €11,344 | €35,356 | +€24,012 | +211.7% |
| Financial income | 75/76B | €107 | €215 | +€108 | +101.0% |
| Recurring financial income | 75 | €107 | €215 | +€108 | +101.0% |
| Financial charges | 65/66B | €1,614 | €1,286 | -€328 | -20.3% |
| Recurring financial charges | 65 | €1,614 | €1,286 | -€328 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €9,837 | €34,286 | +€24,448 | +248.5% |
| Income taxes | 67/77 | €8,000 | €12,653 | +€4,653 | +58.2% |
| Profit (loss) for the period | 9904 | €1,838 | €21,633 | +€19,795 | +1077.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,838 | €21,633 | +€19,795 | +1077.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.