PMLA Management: 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.
PMLA Management
Largest movements
- Tangible fixed assets +€108,042
up €108,042 (+40.3%), from €268,209 to €376,252
of which Assets under construction and advance payments: +€110,368
- Cash -€74,326
down €74,326 (-53.2%), from €139,678 to €65,352
mainly Investment in fixed assets (net) (-€110,368) and Contributions, distributions and other (-€17,500)
- Reserves +€55,500
up €55,500 (+14.7%), from €378,000 to €433,500
- Profit (loss) carried forward -€17,412
down €17,412 (-25.6%), from €67,982 to €50,570
- Debts after one year -€7,101
down €7,101 (-100.0%), from €7,101 to €0
- Other debts +€5,880
up €5,880 (+23.9%), from €24,553 to €30,433
- Financial income -€157,200
down €157,200 (-100.0%), from €157,200 to €0
- Taxes -€9,022
down €9,022 (-30.1%), from €29,926 to €20,904
- Write-downs +€6,000
up €6,000, from -€6,000 to €0
- Other operating charges -€5,986
down €5,986 (-90.8%), from €6,595 to €610
- Gross operating margin +€3,278
up €3,278 (+4.1%), from €79,492 to €82,770
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 | €500,353 | €534,102 | +€33,749 | +6.7% |
| Fixed assets | 21/28 | €329,051 | €437,094 | +€108,042 | +32.8% |
| Tangible fixed assets | 22/27 | €268,209 | €376,252 | +€108,042 | +40.3% |
| Land and buildings | 22 | €121,500 | €121,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,125 | €8,799 | -€2,326 | -20.9% |
| Assets under construction and advance payments | 27 | €135,584 | €245,953 | +€110,368 | +81.4% |
| Financial fixed assets | 28 | €60,842 | €60,842 | = | 0.0% |
| Current assets | 29/58 | €171,302 | €97,008 | -€74,294 | -43.4% |
| Amounts receivable within one year | 40/41 | €29,717 | €30,038 | +€321 | +1.1% |
| Trade receivables | 40 | €18,467 | €18,392 | -€75 | -0.4% |
| Other amounts receivable | 41 | €11,250 | €11,646 | +€396 | +3.5% |
| Cash at bank and in hand | 54/58 | €139,678 | €65,352 | -€74,326 | -53.2% |
| Deferred charges and accrued income | 490/1 | €1,908 | €1,619 | -€289 | -15.1% |
| Total equity and liabilities | 10/49 | €500,353 | €534,102 | +€33,749 | +6.7% |
| Equity | 10/15 | €448,482 | €486,570 | +€38,088 | +8.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €378,000 | €433,500 | +€55,500 | +14.7% |
| Distributable reserves | 133 | €378,000 | €433,500 | +€55,500 | +14.7% |
| Profit (loss) carried forward | 14 | €67,982 | €50,570 | -€17,412 | -25.6% |
| Amounts payable | 17/49 | €51,872 | €47,532 | -€4,340 | -8.4% |
| Amounts payable after more than one year | 17 | €7,101 | €0 | -€7,101 | -100.0% |
| Financial debts | 170/4 | €7,101 | €0 | -€7,101 | -100.0% |
| Amounts payable within one year | 42/48 | €44,270 | €47,032 | +€2,762 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €10,393 | €7,101 | -€3,292 | -31.7% |
| Trade debts | 44 | €1,767 | €1,552 | -€215 | -12.2% |
| Suppliers | 440/4 | €1,767 | €1,552 | -€215 | -12.2% |
| Taxes, remuneration and social security | 45 | €7,558 | €7,946 | +€388 | +5.1% |
| Taxes | 450/3 | €7,558 | €7,946 | +€388 | +5.1% |
| Other amounts payable | 47/48 | €24,553 | €30,433 | +€5,880 | +23.9% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €2,326 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,000 | €0 | +€6,000 | |
| Other operating charges | 640/8 | €6,595 | €610 | -€5,986 | -90.8% |
| Gross operating margin | 9900 | €79,492 | €82,770 | +€3,278 | +4.1% |
| Operating profit (loss) | 9901 | €76,571 | €79,835 | +€3,264 | +4.3% |
| Financial income | 75/76B | €157,200 | €0 | -€157,200 | -100.0% |
| Recurring financial income | 75 | €157,200 | €0 | -€157,200 | -100.0% |
| Financial charges | 65/66B | €3,324 | €3,342 | +€18 | +0.5% |
| Recurring financial charges | 65 | €3,324 | €3,342 | +€18 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €230,447 | €76,493 | -€153,954 | -66.8% |
| Income taxes | 67/77 | €29,926 | €20,904 | -€9,022 | -30.1% |
| Profit (loss) for the period | 9904 | €200,521 | €55,588 | -€144,933 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €200,521 | €55,588 | -€144,933 | -72.3% |
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 5 October 2026 via checked.be.