PMKG: 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.
PMKG
Largest movements
- Tangible fixed assets +€275,464
up €275,464 (+419.7%), from €65,628 to €341,092
of which Land and buildings: +€283,485
- Financial fixed assets -€98,200
down €98,200 (-97.0%), from €101,200 to €3,000
- Stocks and contracts -€58,225
down €58,225 (-45.5%), from €127,941 to €69,716
- Receivables within one year -€57,243
down €57,243 (-25.2%), from €227,531 to €170,288
of which Trade receivables: -€36,247
- Cash -€16,420
down €16,420 (-57.3%), from €28,667 to €12,247
mainly Investment in fixed assets (net) (-€190,935) and Net result for the year (-€60,759)
- Debts after one year +€179,089
up €179,089 (+304.6%), from €58,790 to €237,879
- Profit (loss) carried forward -€60,759
down €60,759 (-24.4%), from €249,270 to €188,511
- Other debts -€56,520
down €56,520 (-97.4%), from €58,000 to €1,480
- Tax, wage and social debts -€30,578
down €30,578 (-100.0%), from €30,590 to €12
of which Taxes: -€24,512
- Trade debts +€10,359
new in 2025: €10,359
- Gross operating margin -€120,185
down €120,185, from €79,836 to -€40,349
- Taxes -€21,444
down €21,444 (-99.6%), from €21,541 to €96
- Staff costs +€12,082
up €12,082 (+126.3%), from €9,567 to €21,649
- Depreciation +€6,631
up €6,631 (+94.2%), from €7,040 to €13,671
- Financial income +€1,925
up €1,925 (+6.5%), from €29,846 to €31,771
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 | €550,966 | €598,603 | +€47,637 | +8.6% |
| Fixed assets | 21/28 | €166,828 | €344,092 | +€177,264 | +106.3% |
| Tangible fixed assets | 22/27 | €65,628 | €341,092 | +€275,464 | +419.7% |
| Land and buildings | 22 | - | €283,485 | +€283,485 | |
| Furniture and vehicles | 24 | €63,495 | €56,017 | -€7,478 | -11.8% |
| Other tangible fixed assets | 26 | €2,133 | €1,590 | -€543 | -25.5% |
| Financial fixed assets | 28 | €101,200 | €3,000 | -€98,200 | -97.0% |
| Current assets | 29/58 | €384,139 | €254,511 | -€129,627 | -33.7% |
| Stocks and contracts in progress | 3 | €127,941 | €69,716 | -€58,225 | -45.5% |
| Stocks | 30/36 | €127,941 | €69,716 | -€58,225 | -45.5% |
| Amounts receivable within one year | 40/41 | €227,531 | €170,288 | -€57,243 | -25.2% |
| Trade receivables | 40 | €51,232 | €14,985 | -€36,247 | -70.8% |
| Other amounts receivable | 41 | €176,298 | €155,303 | -€20,996 | -11.9% |
| Cash at bank and in hand | 54/58 | €28,667 | €12,247 | -€16,420 | -57.3% |
| Deferred charges and accrued income | 490/1 | - | €2,260 | +€2,260 | |
| Total equity and liabilities | 10/49 | €550,966 | €598,603 | +€47,637 | +8.6% |
| Equity | 10/15 | €299,598 | €238,840 | -€60,759 | -20.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €36,068 | €36,068 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,068 | €6,068 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,270 | €188,511 | -€60,759 | -24.4% |
| Amounts payable | 17/49 | €251,368 | €359,763 | +€108,395 | +43.1% |
| Amounts payable after more than one year | 17 | €58,790 | €237,879 | +€179,089 | +304.6% |
| Financial debts | 170/4 | €58,790 | €237,879 | +€179,089 | +304.6% |
| Amounts payable within one year | 42/48 | €192,578 | €121,884 | -€70,693 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €3,988 | €11,534 | +€7,545 | +189.2% |
| Financial debts | 43 | €100,000 | €98,500 | -€1,500 | -1.5% |
| Credit institutions | 430/8 | €100,000 | €98,500 | -€1,500 | -1.5% |
| Trade debts | 44 | - | €10,359 | +€10,359 | |
| Suppliers | 440/4 | - | €10,359 | +€10,359 | |
| Taxes, remuneration and social security | 45 | €30,590 | €12 | -€30,578 | -100.0% |
| Taxes | 450/3 | €24,512 | - | -€24,512 | |
| Remuneration and social security | 454/9 | €6,078 | €12 | -€6,066 | -99.8% |
| Other amounts payable | 47/48 | €58,000 | €1,480 | -€56,520 | -97.4% |
| Non-recurring operating income | 76A | €5,335 | - | -€5,335 | |
| Remuneration, social security and pensions | 62 | €9,567 | €21,649 | +€12,082 | +126.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,040 | €13,671 | +€6,631 | +94.2% |
| Other operating charges | 640/8 | €607 | €1,950 | +€1,343 | +221.5% |
| Gross operating margin | 9900 | €79,836 | -€40,349 | -€120,185 | |
| Operating profit (loss) | 9901 | €62,623 | -€77,619 | -€140,242 | |
| Financial income | 75/76B | €29,846 | €31,771 | +€1,925 | +6.5% |
| Recurring financial income | 75 | €29,846 | €31,771 | +€1,925 | +6.5% |
| Financial charges | 65/66B | €14,095 | €14,814 | +€719 | +5.1% |
| Recurring financial charges | 65 | €14,095 | €14,814 | +€719 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €78,373 | -€60,663 | -€139,036 | |
| Income taxes | 67/77 | €21,541 | €96 | -€21,444 | -99.6% |
| Profit (loss) for the period | 9904 | €56,833 | -€60,759 | -€117,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,833 | -€60,759 | -€117,592 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.