PMR NP: what changed
PMR NP
Largest movements
- Receivables within one year -€68,897
down €68,897 (-45.6%), from €151,002 to €82,106
of which Trade receivables: -€51,885
- Cash +€33,865
up €33,865 (+55.2%), from €61,404 to €95,269
mainly Net result for the year (+€200,051) and Receivables within one year (+€68,897)
- Reserves +€199,900
up €199,900 (+28.3%), from €705,948 to €905,848
of which Distributable reserves: +€199,900
- Other debts -€118,305
down €118,305 (-36.7%), from €322,122 to €203,817
- Debts after one year -€49,136
down €49,136 (-39.7%), from €123,902 to €74,767
- Tax, wage and social debts -€48,526
down €48,526 (-72.6%), from €66,842 to €18,317
- Current portion of long-term debt -€24,248
down €24,248 (-33.0%), from €73,383 to €49,136
- Gross operating margin -€68,028
down €68,028 (-18.3%), from €372,194 to €304,166
- Taxes -€21,478
down €21,478 (-19.1%), from €112,252 to €90,775
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 | €1,345,783 | €1,305,036 | -€40,747 | -3.0% |
| Fixed assets | 21/28 | €1,133,063 | €1,127,337 | -€5,726 | -0.5% |
| Tangible fixed assets | 22/27 | €6,938 | €1,212 | -€5,726 | -82.5% |
| Furniture and vehicles | 24 | €847 | €597 | -€250 | -29.5% |
| Leasing and similar rights | 25 | €6,091 | €615 | -€5,476 | -89.9% |
| Financial fixed assets | 28 | €1,126,125 | €1,126,125 | = | 0.0% |
| Current assets | 29/58 | €212,719 | €177,698 | -€35,021 | -16.5% |
| Amounts receivable within one year | 40/41 | €151,002 | €82,106 | -€68,897 | -45.6% |
| Trade receivables | 40 | €133,989 | €82,104 | -€51,885 | -38.7% |
| Other amounts receivable | 41 | €17,013 | €2 | -€17,011 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,404 | €95,269 | +€33,865 | +55.2% |
| Deferred charges and accrued income | 490/1 | €313 | €324 | +€11 | +3.6% |
| Total equity and liabilities | 10/49 | €1,345,783 | €1,305,036 | -€40,747 | -3.0% |
| Equity | 10/15 | €753,244 | €953,295 | +€200,051 | +26.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €705,948 | €905,848 | +€199,900 | +28.3% |
| Tax-exempt reserves | 132 | €2,248 | €2,248 | = | 0.0% |
| Distributable reserves | 133 | €703,700 | €903,600 | +€199,900 | +28.4% |
| Profit (loss) carried forward | 14 | €2,296 | €2,447 | +€151 | +6.6% |
| Amounts payable | 17/49 | €592,539 | €351,741 | -€240,798 | -40.6% |
| Amounts payable after more than one year | 17 | €123,902 | €74,767 | -€49,136 | -39.7% |
| Financial debts | 170/4 | €123,902 | €74,767 | -€49,136 | -39.7% |
| Amounts payable within one year | 42/48 | €462,578 | €272,382 | -€190,196 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €73,383 | €49,136 | -€24,248 | -33.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €230 | €1,112 | +€882 | +384% |
| Suppliers | 440/4 | €230 | €1,112 | +€882 | +384% |
| Taxes, remuneration and social security | 45 | €66,842 | €18,317 | -€48,526 | -72.6% |
| Taxes | 450/3 | €66,842 | €18,317 | -€48,526 | -72.6% |
| Other amounts payable | 47/48 | €322,122 | €203,817 | -€118,305 | -36.7% |
| Accrued charges and deferred income | 492/3 | €6,059 | €4,592 | -€1,467 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €5,726 | = | 0.0% |
| Other operating charges | 640/8 | €2,416 | €1,934 | -€482 | -20.0% |
| Gross operating margin | 9900 | €372,194 | €304,166 | -€68,028 | -18.3% |
| Operating profit (loss) | 9901 | €364,052 | €296,506 | -€67,546 | -18.6% |
| Financial income | 75/76B | €1,906 | €270 | -€1,636 | -85.8% |
| Recurring financial income | 75 | €1,906 | €270 | -€1,636 | -85.8% |
| Financial charges | 65/66B | €8,849 | €5,951 | -€2,898 | -32.8% |
| Recurring financial charges | 65 | €8,849 | €5,951 | -€2,898 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €357,109 | €290,826 | -€66,283 | -18.6% |
| Income taxes | 67/77 | €112,252 | €90,775 | -€21,478 | -19.1% |
| Profit (loss) for the period | 9904 | €244,856 | €200,051 | -€44,805 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €244,856 | €200,051 | -€44,805 | -18.3% |
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 3 November 2026 via checked.be.