PMIGEST: 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.
PMIGEST
Largest movements
- Receivables within one year +€90,431
up €90,431 (+36.2%), from €249,830 to €340,261
of which Trade receivables: +€62,565
- Cash +€35,496
up €35,496 (+224.4%), from €15,821 to €51,317
mainly Trade debts (+€75,167) and Net result for the year (+€58,878)
- Intangible fixed assets -€6,029
down €6,029 (-74.3%), from €8,114 to €2,085
- Deferred charges and accrued income -€5,122
down €5,122 (-51.3%), from €9,992 to €4,870
- Tangible fixed assets +€4,809
up €4,809 (+22.2%), from €21,647 to €26,456
of which Furniture and vehicles: +€6,795
- Trade debts +€75,167
up €75,167 (+207.1%), from €36,302 to €111,469
- Profit (loss) carried forward +€58,878
up €58,878 (+430.2%), from €13,688 to €72,566
- Other debts -€28,000
no longer reported in 2025 (was €28,000)
- Tax, wage and social debts +€17,217
up €17,217 (+32.6%), from €52,827 to €70,044
of which Taxes: +€22,024
- Staff costs -€33,009
down €33,009 (-8.8%), from €375,804 to €342,795
- Gross operating margin +€26,197
up €26,197 (+6.2%), from €419,608 to €445,805
- Taxes +€14,113
up €14,113 (+226.3%), from €6,236 to €20,349
- Other operating charges +€7,511
up €7,511 (+3755.4%), from €200 to €7,711
- Depreciation -€6,989
down €6,989 (-28.4%), from €24,632 to €17,644
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 | €318,785 | €438,370 | +€119,585 | +37.5% |
| Fixed assets | 21/28 | €43,141 | €41,921 | -€1,220 | -2.8% |
| Intangible fixed assets | 21 | €8,114 | €2,085 | -€6,029 | -74.3% |
| Tangible fixed assets | 22/27 | €21,647 | €26,456 | +€4,809 | +22.2% |
| Plant, machinery and equipment | 23 | €6,237 | €4,252 | -€1,985 | -31.8% |
| Furniture and vehicles | 24 | €15,410 | €22,205 | +€6,795 | +44.1% |
| Financial fixed assets | 28 | €13,380 | €13,380 | = | 0.0% |
| Current assets | 29/58 | €275,644 | €396,448 | +€120,805 | +43.8% |
| Amounts receivable within one year | 40/41 | €249,830 | €340,261 | +€90,431 | +36.2% |
| Trade receivables | 40 | €127,075 | €189,640 | +€62,565 | +49.2% |
| Other amounts receivable | 41 | €122,755 | €150,621 | +€27,865 | +22.7% |
| Cash at bank and in hand | 54/58 | €15,821 | €51,317 | +€35,496 | +224.4% |
| Deferred charges and accrued income | 490/1 | €9,992 | €4,870 | -€5,122 | -51.3% |
| Total equity and liabilities | 10/49 | €318,785 | €438,370 | +€119,585 | +37.5% |
| Equity | 10/15 | €121,429 | €180,307 | +€58,878 | +48.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,742 | €7,742 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,742 | - | -€7,742 | |
| Reserves not available under the articles | 1311 | €7,742 | - | -€7,742 | |
| Distributable reserves | 133 | - | €7,742 | +€7,742 | |
| Profit (loss) carried forward | 14 | €13,688 | €72,566 | +€58,878 | +430.2% |
| Amounts payable | 17/49 | €197,356 | €258,062 | +€60,706 | +30.8% |
| Amounts payable after more than one year | 17 | €1,549 | - | -€1,549 | |
| Financial debts | 170/4 | €1,549 | - | -€1,549 | |
| Amounts payable within one year | 42/48 | €195,807 | €258,062 | +€62,255 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €3,678 | €1,549 | -€2,130 | -57.9% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €36,302 | €111,469 | +€75,167 | +207.1% |
| Suppliers | 440/4 | €36,302 | €111,469 | +€75,167 | +207.1% |
| Taxes, remuneration and social security | 45 | €52,827 | €70,044 | +€17,217 | +32.6% |
| Taxes | 450/3 | €33,131 | €55,154 | +€22,024 | +66.5% |
| Remuneration and social security | 454/9 | €19,696 | €14,890 | -€4,806 | -24.4% |
| Other amounts payable | 47/48 | €28,000 | - | -€28,000 | |
| Non-recurring operating income | 76A | - | €12,500 | +€12,500 | |
| Remuneration, social security and pensions | 62 | €375,804 | €342,795 | -€33,009 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,632 | €17,644 | -€6,989 | -28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,372 | -€6,372 | |
| Other operating charges | 640/8 | €200 | €7,711 | +€7,511 | +3755.4% |
| Gross operating margin | 9900 | €419,608 | €445,805 | +€26,197 | +6.2% |
| Operating profit (loss) | 9901 | €18,972 | €84,027 | +€65,055 | +342.9% |
| Financial income | 75/76B | €1,974 | €22 | -€1,951 | -98.9% |
| Recurring financial income | 75 | €1,974 | €22 | -€1,951 | -98.9% |
| Financial charges | 65/66B | €7,123 | €4,822 | -€2,301 | -32.3% |
| Recurring financial charges | 65 | €7,123 | €4,822 | -€2,301 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €13,823 | €79,228 | +€65,404 | +473.1% |
| Income taxes | 67/77 | €6,236 | €20,349 | +€14,113 | +226.3% |
| Profit (loss) for the period | 9904 | €7,587 | €58,878 | +€51,291 | +676.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,587 | €58,878 | +€51,291 | +676.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.