PME Management: 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 Management
Largest movements
- Receivables within one year -€72,151
down €72,151 (-70.5%), from €102,284 to €30,133
of which Trade receivables: -€55,344
- Cash +€70,064
up €70,064 (+258%), from €27,145 to €97,210
mainly Other debts (+€108,495) and Net result for the year (+€76,817)
- Tangible fixed assets +€22,283
up €22,283 (+25.1%), from €88,789 to €111,072
of which Land and buildings: +€42,524
- Other debts +€108,495
up €108,495 (+527%), from €20,600 to €129,095
- Profit (loss) carried forward -€73,183
down €73,183 (-67.8%), from €107,902 to €34,719
- Tax, wage and social debts -€20,608
down €20,608 (-58.3%), from €35,349 to €14,740
- Trade debts +€15,154
up €15,154 (+209%), from €7,260 to €22,414
- Debts after one year -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Gross operating margin +€17,128
up €17,128 (+15.1%), from €113,630 to €130,758
- Depreciation +€11,959
up €11,959 (+111%), from €10,757 to €22,717
- Other operating charges -€4,051
down €4,051 (-36.3%), from €11,148 to €7,097
- Taxes +€2,122
up €2,122 (+10.8%), from €19,673 to €21,794
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 | €221,111 | €240,969 | +€19,858 | +9.0% |
| Fixed assets | 21/28 | €88,894 | €111,177 | +€22,283 | +25.1% |
| Tangible fixed assets | 22/27 | €88,789 | €111,072 | +€22,283 | +25.1% |
| Land and buildings | 22 | - | €42,524 | +€42,524 | |
| Furniture and vehicles | 24 | €88,789 | €68,548 | -€20,241 | -22.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €132,217 | €129,792 | -€2,426 | -1.8% |
| Amounts receivable within one year | 40/41 | €102,284 | €30,133 | -€72,151 | -70.5% |
| Trade receivables | 40 | €85,150 | €29,806 | -€55,344 | -65.0% |
| Other amounts receivable | 41 | €17,134 | €327 | -€16,807 | -98.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,145 | €97,210 | +€70,064 | +258% |
| Deferred charges and accrued income | 490/1 | €2,788 | €2,449 | -€339 | -12.2% |
| Total equity and liabilities | 10/49 | €221,111 | €240,969 | +€19,858 | +9.0% |
| Equity | 10/15 | €112,902 | €39,719 | -€73,183 | -64.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,902 | €34,719 | -€73,183 | -67.8% |
| Amounts payable | 17/49 | €108,209 | €201,250 | +€93,041 | +86.0% |
| Amounts payable after more than one year | 17 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Financial debts | 170/4 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Amounts payable within one year | 42/48 | €73,209 | €176,250 | +€103,041 | +141% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €7,260 | €22,414 | +€15,154 | +209% |
| Suppliers | 440/4 | €7,260 | €22,414 | +€15,154 | +209% |
| Taxes, remuneration and social security | 45 | €35,349 | €14,740 | -€20,608 | -58.3% |
| Taxes | 450/3 | €35,349 | €14,740 | -€20,608 | -58.3% |
| Other amounts payable | 47/48 | €20,600 | €129,095 | +€108,495 | +527% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,757 | €22,717 | +€11,959 | +111% |
| Other operating charges | 640/8 | €11,148 | €7,097 | -€4,051 | -36.3% |
| Gross operating margin | 9900 | €113,630 | €130,758 | +€17,128 | +15.1% |
| Operating profit (loss) | 9901 | €91,725 | €100,945 | +€9,220 | +10.1% |
| Financial income | 75/76B | €971 | €7 | -€964 | -99.3% |
| Recurring financial income | 75 | €971 | €7 | -€964 | -99.3% |
| Financial charges | 65/66B | €1,544 | €2,340 | +€796 | +51.5% |
| Recurring financial charges | 65 | €1,544 | €2,340 | +€796 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €91,151 | €98,612 | +€7,460 | +8.2% |
| Income taxes | 67/77 | €19,673 | €21,794 | +€2,122 | +10.8% |
| Profit (loss) for the period | 9904 | €71,478 | €76,817 | +€5,339 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,478 | €76,817 | +€5,339 | +7.5% |
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 21 October 2026 via checked.be.