PMF CONSULT: 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.
PMF CONSULT
Largest movements
- Cash -€46,186
down €46,186 (-75.3%), from €61,305 to €15,119
mainly Debts after one year (-€44,286) and Receivables within one year (-€7,899)
- Receivables within one year +€7,899
up €7,899 (+18.7%), from €42,245 to €50,144
of which Trade receivables: +€8,400
- Debts after one year -€44,286
down €44,286 (-33.3%), from €132,857 to €88,571
- Trade debts +€8,400
up €8,400 (+1,908%), from €440 to €8,840
- Gross operating margin -€35,403
down €35,403, from €34,441 to -€962
- Taxes -€3,681
no longer reported in 2025 (was €3,681)
- Financial charges -€1,430
down €1,430 (-37.8%), from €3,782 to €2,352
- Other operating charges -€412
no longer reported in 2025 (was €412)
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 | €639,845 | €601,263 | -€38,582 | -6.0% |
| Fixed assets | 21/28 | €536,296 | €536,000 | -€296 | -0.1% |
| Tangible fixed assets | 22/27 | €296 | - | -€296 | |
| Furniture and vehicles | 24 | €296 | - | -€296 | |
| Financial fixed assets | 28 | €536,000 | €536,000 | = | 0.0% |
| Current assets | 29/58 | €103,550 | €65,263 | -€38,287 | -37.0% |
| Amounts receivable within one year | 40/41 | €42,245 | €50,144 | +€7,899 | +18.7% |
| Trade receivables | 40 | €40,000 | €48,400 | +€8,400 | +21.0% |
| Other amounts receivable | 41 | €2,245 | €1,744 | -€501 | -22.3% |
| Cash at bank and in hand | 54/58 | €61,305 | €15,119 | -€46,186 | -75.3% |
| Total equity and liabilities | 10/49 | €639,845 | €601,263 | -€38,582 | -6.0% |
| Equity | 10/15 | €56,752 | €53,143 | -€3,609 | -6.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €53,752 | €53,752 | = | 0.0% |
| Distributable reserves | 133 | €53,752 | €53,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,609 | -€3,609 | |
| Amounts payable | 17/49 | €583,093 | €548,120 | -€34,973 | -6.0% |
| Amounts payable after more than one year | 17 | €132,857 | €88,571 | -€44,286 | -33.3% |
| Financial debts | 170/4 | €132,857 | €88,571 | -€44,286 | -33.3% |
| Amounts payable within one year | 42/48 | €450,148 | €459,485 | +€9,337 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €44,286 | €44,286 | = | 0.0% |
| Trade debts | 44 | €440 | €8,840 | +€8,400 | +1,908% |
| Suppliers | 440/4 | €440 | €8,840 | +€8,400 | +1,908% |
| Taxes, remuneration and social security | 45 | €3,681 | €3,681 | = | 0.0% |
| Taxes | 450/3 | €3,681 | €3,681 | = | 0.0% |
| Other amounts payable | 47/48 | €401,741 | €402,678 | +€937 | +0.2% |
| Accrued charges and deferred income | 492/3 | €88 | €64 | -€24 | -27.4% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €296 | -€195 | -39.7% |
| Other operating charges | 640/8 | €412 | - | -€412 | |
| Gross operating margin | 9900 | €34,441 | -€962 | -€35,403 | |
| Operating profit (loss) | 9901 | €33,538 | -€1,258 | -€34,796 | |
| Financial charges | 65/66B | €3,782 | €2,352 | -€1,430 | -37.8% |
| Recurring financial charges | 65 | €3,782 | €2,352 | -€1,430 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €29,756 | -€3,609 | -€33,366 | |
| Income taxes | 67/77 | €3,681 | - | -€3,681 | |
| Profit (loss) for the period | 9904 | €26,076 | -€3,609 | -€29,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,076 | -€3,609 | -€29,685 |
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 13 October 2026 via checked.be.