PML INVEST: what changed
PML INVEST
Largest movements
- Tangible fixed assets +€97,294
up €97,294 (+587%), from €16,585 to €113,879
of which Leasing and similar rights: +€91,067
- Receivables within one year +€12,196
up €12,196 (+54.8%), from €22,260 to €34,456
of which Other amounts receivable: +€33,151
- Cash -€6,887
down €6,887 (-15.9%), from €43,248 to €36,361
mainly Investment in fixed assets (net) (-€116,529) and Other debts (-€25,330)
- Debts after one year +€53,513
new in 2025: €53,513
- Reserves +€51,333
up €51,333 (+129%), from €39,791 to €91,124
- Other debts -€25,330
down €25,330 (-99.7%), from €25,408 to €78
- Current portion of long-term debt +€20,961
new in 2025: €20,961
- Trade debts +€8,439
up €8,439 (+3,836%), from €220 to €8,659
- Gross operating margin +€39,056
up €39,056 (+71.2%), from €54,882 to €93,938
- Depreciation +€17,320
up €17,320 (+904%), from €1,915 to €19,235
- Taxes +€5,938
up €5,938 (+57.0%), from €10,410 to €16,347
- Financial charges +€3,391
up €3,391 (+263%), from €1,291 to €4,683
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,287 | €188,517 | +€104,230 | +124% |
| Fixed assets | 21/28 | €16,585 | €113,879 | +€97,294 | +587% |
| Tangible fixed assets | 22/27 | €16,585 | €113,879 | +€97,294 | +587% |
| Furniture and vehicles | 24 | €16,585 | €12,885 | -€3,700 | -22.3% |
| Leasing and similar rights | 25 | - | €91,067 | +€91,067 | |
| Other tangible fixed assets | 26 | - | €9,928 | +€9,928 | |
| Current assets | 29/58 | €67,702 | €74,637 | +€6,935 | +10.2% |
| Amounts receivable within one year | 40/41 | €22,260 | €34,456 | +€12,196 | +54.8% |
| Trade receivables | 40 | €21,000 | €45 | -€20,955 | -99.8% |
| Other amounts receivable | 41 | €1,260 | €34,411 | +€33,151 | +2,631% |
| Cash at bank and in hand | 54/58 | €43,248 | €36,361 | -€6,887 | -15.9% |
| Deferred charges and accrued income | 490/1 | €2,194 | €3,820 | +€1,626 | +74.1% |
| Total equity and liabilities | 10/49 | €84,287 | €188,517 | +€104,230 | +124% |
| Equity | 10/15 | €40,791 | €92,124 | +€51,333 | +126% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,791 | €91,124 | +€51,333 | +129% |
| Distributable reserves | 133 | €39,791 | €91,124 | +€51,333 | +129% |
| Amounts payable | 17/49 | €43,495 | €96,392 | +€52,897 | +122% |
| Amounts payable after more than one year | 17 | - | €53,513 | +€53,513 | |
| Financial debts | 170/4 | - | €53,513 | +€53,513 | |
| Amounts payable within one year | 42/48 | €43,222 | €40,422 | -€2,800 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €20,961 | +€20,961 | |
| Trade debts | 44 | €220 | €8,659 | +€8,439 | +3,836% |
| Suppliers | 440/4 | €220 | €8,659 | +€8,439 | +3,836% |
| Taxes, remuneration and social security | 45 | €17,594 | €10,725 | -€6,869 | -39.0% |
| Taxes | 450/3 | €17,594 | €10,725 | -€6,869 | -39.0% |
| Other amounts payable | 47/48 | €25,408 | €78 | -€25,330 | -99.7% |
| Accrued charges and deferred income | 492/3 | €274 | €2,458 | +€2,184 | +798% |
| Non-recurring operating income | 76A | €9,994 | - | -€9,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €19,235 | +€17,320 | +904% |
| Other operating charges | 640/8 | €1,475 | €2,340 | +€866 | +58.7% |
| Gross operating margin | 9900 | €54,882 | €93,938 | +€39,056 | +71.2% |
| Operating profit (loss) | 9901 | €51,493 | €72,363 | +€20,870 | +40.5% |
| Financial charges | 65/66B | €1,291 | €4,683 | +€3,391 | +263% |
| Recurring financial charges | 65 | €1,291 | €4,683 | +€3,391 | +263% |
| Profit (loss) for the period before taxes | 9903 | €50,201 | €67,680 | +€17,479 | +34.8% |
| Income taxes | 67/77 | €10,410 | €16,347 | +€5,938 | +57.0% |
| Profit (loss) for the period | 9904 | €39,791 | €51,333 | +€11,541 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,791 | €51,333 | +€11,541 | +29.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.