PMEmax: 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.
PMEmax
Largest movements
- Cash +€36,349
up €36,349 (+36.7%), from €98,909 to €135,257
mainly Net result for the year (+€30,992) and Other debts (+€29,750)
- Tangible fixed assets -€14,629
down €14,629 (-99.5%), from €14,705 to €76
- Receivables within one year -€3,331
down €3,331 (-45.8%), from €7,281 to €3,950
of which Trade receivables: -€5,232
- Deferred charges and accrued income +€1,786
up €1,786 (+892.9%), from €200 to €1,986
- Other debts +€29,750
up €29,750 (+51.8%), from €57,436 to €87,186
- Tax, wage and social debts -€7,655
down €7,655 (-50.3%), from €15,222 to €7,567
of which Taxes: -€9,055
- Trade debts -€3,707
down €3,707 (-56.9%), from €6,515 to €2,808
- Gross operating margin +€56,602
up €56,602 (+358.5%), from €15,790 to €72,393
- Taxes +€4,801
up €4,801 (+3175.6%), from €151 to €4,952
- Financial charges +€2,044
up €2,044 (+10.8%), from €18,956 to €21,000
- Provisions +€728
up €728, from -€109 to €619
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 | €122,243 | €141,861 | +€19,617 | +16.0% |
| Fixed assets | 21/28 | €15,853 | €668 | -€15,186 | -95.8% |
| Intangible fixed assets | 21 | €1,148 | €592 | -€557 | -48.5% |
| Tangible fixed assets | 22/27 | €14,705 | €76 | -€14,629 | -99.5% |
| Furniture and vehicles | 24 | €14,705 | €76 | -€14,629 | -99.5% |
| Current assets | 29/58 | €106,390 | €141,193 | +€34,803 | +32.7% |
| Amounts receivable within one year | 40/41 | €7,281 | €3,950 | -€3,331 | -45.8% |
| Trade receivables | 40 | €5,232 | - | -€5,232 | |
| Other amounts receivable | 41 | €2,049 | €3,950 | +€1,901 | +92.7% |
| Cash at bank and in hand | 54/58 | €98,909 | €135,257 | +€36,349 | +36.7% |
| Deferred charges and accrued income | 490/1 | €200 | €1,986 | +€1,786 | +892.9% |
| Total equity and liabilities | 10/49 | €122,243 | €141,861 | +€19,617 | +16.0% |
| Equity | 10/15 | €25,074 | €26,065 | +€992 | +4.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€926 | €65 | +€992 | |
| Provisions and deferred taxes | 16 | €17,616 | €18,234 | +€619 | +3.5% |
| Provisions for liabilities and charges | 160/5 | €17,616 | €18,234 | +€619 | +3.5% |
| Other liabilities and charges | 164/5 | €17,616 | €18,234 | +€619 | +3.5% |
| Amounts payable | 17/49 | €79,554 | €97,561 | +€18,007 | +22.6% |
| Amounts payable within one year | 42/48 | €79,554 | €97,561 | +€18,007 | +22.6% |
| Financial debts | 43 | €381 | - | -€381 | |
| Credit institutions | 430/8 | €381 | - | -€381 | |
| Trade debts | 44 | €6,515 | €2,808 | -€3,707 | -56.9% |
| Suppliers | 440/4 | €6,515 | €2,808 | -€3,707 | -56.9% |
| Taxes, remuneration and social security | 45 | €15,222 | €7,567 | -€7,655 | -50.3% |
| Taxes | 450/3 | €15,222 | €6,167 | -€9,055 | -59.5% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €57,436 | €87,186 | +€29,750 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,151 | €15,186 | +€35 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€109 | €619 | +€728 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €15,790 | €72,393 | +€56,602 | +358.5% |
| Operating profit (loss) | 9901 | €362 | €56,188 | +€55,827 | +15433.7% |
| Financial income | 75/76B | €291 | €756 | +€465 | +159.6% |
| Recurring financial income | 75 | €291 | €756 | +€465 | +159.6% |
| Financial charges | 65/66B | €18,956 | €21,000 | +€2,044 | +10.8% |
| Recurring financial charges | 65 | €18,956 | €21,000 | +€2,044 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,303 | €35,944 | +€54,247 | |
| Income taxes | 67/77 | €151 | €4,952 | +€4,801 | +3175.6% |
| Profit (loss) for the period | 9904 | -€18,454 | €30,992 | +€49,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,454 | €30,992 | +€49,446 |
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 5 October 2026 via checked.be.