PMG Location: 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.
PMG Location
Largest movements
- Cash +€5,274
up €5,274 (+43.2%), from €12,209 to €17,483
mainly Depreciation (+€4,949) and Other debts (+€2,555)
- Tangible fixed assets -€4,408
down €4,408 (-53.6%), from €8,222 to €3,814
- Formation expenses -€541
down €541 (-29.8%), from €1,816 to €1,275
- Profit (loss) carried forward -€2,644
down €2,644, from €1,778 to -€866
- Other debts +€2,555
up €2,555 (+111%), from €2,299 to €4,854
- Trade debts +€800
up €800 (+854%), from €94 to €894
- Tax, wage and social debts -€527
down €527 (-34.2%), from €1,539 to €1,012
- Gross operating margin -€6,419
down €6,419 (-71.0%), from €9,043 to €2,625
- Depreciation +€723
up €723 (+17.1%), from €4,226 to €4,949
- Taxes -€445
no longer reported in 2025 (was €445)
- Other operating charges +€200
new in 2025: €200
- Financial charges -€135
down €135 (-52.7%), from €255 to €121
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 | €25,710 | €25,895 | +€185 | +0.7% |
| Formation expenses | 20 | €1,816 | €1,275 | -€541 | -29.8% |
| Fixed assets | 21/28 | €8,222 | €3,814 | -€4,408 | -53.6% |
| Tangible fixed assets | 22/27 | €8,222 | €3,814 | -€4,408 | -53.6% |
| Furniture and vehicles | 24 | €8,222 | €3,814 | -€4,408 | -53.6% |
| Current assets | 29/58 | €15,672 | €20,806 | +€5,134 | +32.8% |
| Amounts receivable within one year | 40/41 | €3,463 | €3,323 | -€141 | -4.1% |
| Trade receivables | 40 | €3,463 | €3,323 | -€141 | -4.1% |
| Cash at bank and in hand | 54/58 | €12,209 | €17,483 | +€5,274 | +43.2% |
| Total equity and liabilities | 10/49 | €25,710 | €25,895 | +€185 | +0.7% |
| Equity | 10/15 | €21,778 | €19,134 | -€2,644 | -12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,778 | -€866 | -€2,644 | |
| Amounts payable | 17/49 | €3,932 | €6,761 | +€2,829 | +71.9% |
| Amounts payable within one year | 42/48 | €3,932 | €6,761 | +€2,829 | +71.9% |
| Trade debts | 44 | €94 | €894 | +€800 | +854% |
| Suppliers | 440/4 | €94 | €894 | +€800 | +854% |
| Taxes, remuneration and social security | 45 | €1,539 | €1,012 | -€527 | -34.2% |
| Taxes | 450/3 | €1,539 | €1,012 | -€527 | -34.2% |
| Other amounts payable | 47/48 | €2,299 | €4,854 | +€2,555 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,226 | €4,949 | +€723 | +17.1% |
| Other operating charges | 640/8 | - | €200 | +€200 | |
| Gross operating margin | 9900 | €9,043 | €2,625 | -€6,419 | -71.0% |
| Operating profit (loss) | 9901 | €4,817 | -€2,524 | -€7,342 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €255 | €121 | -€135 | -52.7% |
| Recurring financial charges | 65 | €255 | €121 | -€135 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €4,564 | -€2,644 | -€7,208 | |
| Income taxes | 67/77 | €445 | - | -€445 | |
| Profit (loss) for the period | 9904 | €4,119 | -€2,644 | -€6,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,119 | -€2,644 | -€6,763 |
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 17 October 2026 via checked.be.