PMJP: 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.
PMJP
Largest movements
- Receivables within one year +€283,526
up €283,526 (+292.1%), from €97,079 to €380,605
of which Trade receivables: +€283,717
- Cash +€163,011
up €163,011 (+61.1%), from €266,946 to €429,957
mainly Debts after one year (+€242,094) and Trade debts (+€188,057)
- Debts after one year +€242,094
up €242,094 (+2011.7%), from €12,035 to €254,129
- Trade debts +€188,057
up €188,057 (+622.2%), from €30,226 to €218,283
- Profit (loss) carried forward +€17,154
up €17,154 (+5.9%), from €291,371 to €308,524
- Other operating charges -€20,038
down €20,038 (-97.1%), from €20,647 to €608
- Gross operating margin -€7,135
down €7,135 (-19.5%), from €36,665 to €29,530
- Financial charges +€4,102
up €4,102 (+275.7%), from €1,488 to €5,589
- Financial income -€3,041
down €3,041 (-95.6%), from €3,182 to €141
- Taxes +€1,379
up €1,379 (+28.1%), from €4,902 to €6,281
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 | €366,141 | €817,030 | +€450,889 | +123.1% |
| Fixed assets | 21/28 | €1,452 | €5,777 | +€4,325 | +297.8% |
| Tangible fixed assets | 22/27 | - | €4,325 | +€4,325 | |
| Furniture and vehicles | 24 | - | €4,325 | +€4,325 | |
| Financial fixed assets | 28 | €1,452 | €1,452 | = | 0.0% |
| Current assets | 29/58 | €364,689 | €811,254 | +€446,564 | +122.5% |
| Amounts receivable within one year | 40/41 | €97,079 | €380,605 | +€283,526 | +292.1% |
| Trade receivables | 40 | €96,888 | €380,605 | +€283,717 | +292.8% |
| Other amounts receivable | 41 | €191 | - | -€191 | |
| Cash at bank and in hand | 54/58 | €266,946 | €429,957 | +€163,011 | +61.1% |
| Deferred charges and accrued income | 490/1 | €665 | €692 | +€27 | +4.1% |
| Total equity and liabilities | 10/49 | €366,141 | €817,030 | +€450,889 | +123.1% |
| Equity | 10/15 | €318,871 | €336,024 | +€17,154 | +5.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,371 | €308,524 | +€17,154 | +5.9% |
| Amounts payable | 17/49 | €47,271 | €481,006 | +€433,735 | +917.6% |
| Amounts payable after more than one year | 17 | €12,035 | €254,129 | +€242,094 | +2011.7% |
| Other amounts payable | 178/9 | €12,035 | €254,129 | +€242,094 | +2011.7% |
| Amounts payable within one year | 42/48 | €35,127 | €225,032 | +€189,904 | +540.6% |
| Trade debts | 44 | €30,226 | €218,283 | +€188,057 | +622.2% |
| Suppliers | 440/4 | €30,226 | €218,283 | +€188,057 | +622.2% |
| Taxes, remuneration and social security | 45 | €4,902 | €6,749 | +€1,847 | +37.7% |
| Taxes | 450/3 | €4,902 | €6,749 | +€1,847 | +37.7% |
| Accrued charges and deferred income | 492/3 | €109 | €1,846 | +€1,737 | +1598.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39 | +€39 | |
| Other operating charges | 640/8 | €20,647 | €608 | -€20,038 | -97.1% |
| Gross operating margin | 9900 | €36,665 | €29,530 | -€7,135 | -19.5% |
| Operating profit (loss) | 9901 | €16,019 | €28,883 | +€12,864 | +80.3% |
| Financial income | 75/76B | €3,182 | €141 | -€3,041 | -95.6% |
| Recurring financial income | 75 | €3,182 | €141 | -€3,041 | -95.6% |
| Financial charges | 65/66B | €1,488 | €5,589 | +€4,102 | +275.7% |
| Recurring financial charges | 65 | €1,488 | €5,589 | +€4,102 | +275.7% |
| Profit (loss) for the period before taxes | 9903 | €17,713 | €23,434 | +€5,722 | +32.3% |
| Income taxes | 67/77 | €4,902 | €6,281 | +€1,379 | +28.1% |
| Profit (loss) for the period | 9904 | €12,811 | €17,154 | +€4,342 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,811 | €17,154 | +€4,342 | +33.9% |
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 2 October 2026 via checked.be.