PMHS: 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.
PMHS
Largest movements
- Receivables within one year +€8,669
up €8,669 (+3325.5%), from €261 to €8,930
of which Trade receivables: +€8,576
- Tangible fixed assets -€7,453
down €7,453 (-47.2%), from €15,799 to €8,345
of which Furniture and vehicles: -€3,904
- Other debts +€2,494
up €2,494 (+23.3%), from €10,720 to €13,214
- Tax, wage and social debts -€931
down €931 (-95.5%), from €974 to €44
- Trade debts -€312
down €312 (-26.4%), from €1,179 to €868
- Gross operating margin -€4,364
down €4,364 (-38.1%), from €11,449 to €7,085
- Other operating charges -€1,080
down €1,080 (-72.5%), from €1,489 to €409
- Taxes -€931
down €931 (-95.5%), from €974 to €44
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 | €23,902 | €25,270 | +€1,368 | +5.7% |
| Fixed assets | 21/28 | €15,799 | €8,345 | -€7,453 | -47.2% |
| Tangible fixed assets | 22/27 | €15,799 | €8,345 | -€7,453 | -47.2% |
| Plant, machinery and equipment | 23 | €8,289 | €4,739 | -€3,549 | -42.8% |
| Furniture and vehicles | 24 | €7,510 | €3,606 | -€3,904 | -52.0% |
| Current assets | 29/58 | €8,104 | €16,925 | +€8,821 | +108.9% |
| Amounts receivable within one year | 40/41 | €261 | €8,930 | +€8,669 | +3325.5% |
| Trade receivables | 40 | - | €8,576 | +€8,576 | |
| Other amounts receivable | 41 | €261 | €353 | +€93 | +35.5% |
| Cash at bank and in hand | 54/58 | €6,996 | €7,178 | +€183 | +2.6% |
| Deferred charges and accrued income | 490/1 | €848 | €817 | -€31 | -3.6% |
| Total equity and liabilities | 10/49 | €23,902 | €25,270 | +€1,368 | +5.7% |
| Equity | 10/15 | €11,029 | €11,145 | +€116 | +1.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €5,029 | €5,145 | +€116 | +2.3% |
| Distributable reserves | 133 | €5,029 | €5,145 | +€116 | +2.3% |
| Amounts payable | 17/49 | €12,874 | €14,125 | +€1,251 | +9.7% |
| Amounts payable within one year | 42/48 | €12,874 | €14,125 | +€1,251 | +9.7% |
| Trade debts | 44 | €1,179 | €868 | -€312 | -26.4% |
| Suppliers | 440/4 | €1,179 | €868 | -€312 | -26.4% |
| Taxes, remuneration and social security | 45 | €974 | €44 | -€931 | -95.5% |
| Taxes | 450/3 | €974 | €44 | -€931 | -95.5% |
| Other amounts payable | 47/48 | €10,720 | €13,214 | +€2,494 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,016 | €6,121 | +€105 | +1.7% |
| Other operating charges | 640/8 | €1,489 | €409 | -€1,080 | -72.5% |
| Gross operating margin | 9900 | €11,449 | €7,085 | -€4,364 | -38.1% |
| Operating profit (loss) | 9901 | €3,943 | €555 | -€3,388 | -85.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €397 | €396 | -€1 | -0.3% |
| Recurring financial charges | 65 | €397 | €396 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €3,546 | €160 | -€3,386 | -95.5% |
| Income taxes | 67/77 | €974 | €44 | -€931 | -95.5% |
| Profit (loss) for the period | 9904 | €2,572 | €116 | -€2,456 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,572 | €116 | -€2,456 | -95.5% |
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 30 September 2026 via checked.be.