PMS Project Management & Services: 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.
PMS Project Management & Services
Largest movements
- Cash +€17,031
up €17,031 (+32.3%), from €52,749 to €69,780
mainly Net result for the year (+€63,484) and Other debts (+€16,900)
- Tangible fixed assets -€16,884
down €16,884 (-3.2%), from €533,873 to €516,989
of which Land and buildings: -€12,265
- Debts after one year -€37,298
down €37,298 (-31.0%), from €120,200 to €82,902
- Reserves +€36,484
up €36,484 (+12.0%), from €303,392 to €339,876
of which Distributable reserves: +€36,484
- Other debts +€16,900
up €16,900 (+76.8%), from €22,000 to €38,900
- Gross operating margin +€36,927
up €36,927 (+48.9%), from €75,512 to €112,438
- Taxes +€7,653
up €7,653 (+39.6%), from €19,342 to €26,995
- Other operating charges +€1,144
up €1,144 (+45.0%), from €2,544 to €3,688
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.
Derived cash bridge
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 | €627,466 | €633,534 | +€6,068 | +1.0% |
| Fixed assets | 21/28 | €535,030 | €518,145 | -€16,884 | -3.2% |
| Tangible fixed assets | 22/27 | €533,873 | €516,989 | -€16,884 | -3.2% |
| Land and buildings | 22 | €527,466 | €515,201 | -€12,265 | -2.3% |
| Furniture and vehicles | 24 | €6,407 | €1,788 | -€4,620 | -72.1% |
| Financial fixed assets | 28 | €1,156 | €1,156 | = | 0.0% |
| Current assets | 29/58 | €92,436 | €115,389 | +€22,952 | +24.8% |
| Amounts receivable within one year | 40/41 | €39,534 | €42,663 | +€3,128 | +7.9% |
| Trade receivables | 40 | €15,694 | €15,648 | -€46 | -0.3% |
| Other amounts receivable | 41 | €23,840 | €27,014 | +€3,174 | +13.3% |
| Cash at bank and in hand | 54/58 | €52,749 | €69,780 | +€17,031 | +32.3% |
| Deferred charges and accrued income | 490/1 | €153 | €2,946 | +€2,793 | +1,826% |
| Total equity and liabilities | 10/49 | €627,466 | €633,534 | +€6,068 | +1.0% |
| Equity | 10/15 | €383,152 | €419,636 | +€36,484 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €303,392 | €339,876 | +€36,484 | +12.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €301,532 | €338,016 | +€36,484 | +12.1% |
| Profit (loss) carried forward | 14 | €61,160 | €61,160 | = | 0.0% |
| Amounts payable | 17/49 | €244,314 | €213,898 | -€30,416 | -12.4% |
| Amounts payable after more than one year | 17 | €120,200 | €82,902 | -€37,298 | -31.0% |
| Financial debts | 170/4 | €120,200 | €82,902 | -€37,298 | -31.0% |
| Amounts payable within one year | 42/48 | €124,114 | €130,996 | +€6,882 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €36,702 | €37,298 | +€596 | +1.6% |
| Trade debts | 44 | €43,254 | €38,961 | -€4,293 | -9.9% |
| Suppliers | 440/4 | €43,254 | €38,961 | -€4,293 | -9.9% |
| Taxes, remuneration and social security | 45 | €22,158 | €15,837 | -€6,321 | -28.5% |
| Taxes | 450/3 | €22,158 | €15,837 | -€6,321 | -28.5% |
| Other amounts payable | 47/48 | €22,000 | €38,900 | +€16,900 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,377 | €16,884 | -€492 | -2.8% |
| Other operating charges | 640/8 | €2,544 | €3,688 | +€1,144 | +45.0% |
| Gross operating margin | 9900 | €75,512 | €112,438 | +€36,927 | +48.9% |
| Operating profit (loss) | 9901 | €55,592 | €91,866 | +€36,274 | +65.3% |
| Financial income | 75/76B | €1,627 | €1,380 | -€247 | -15.2% |
| Recurring financial income | 75 | €1,627 | €1,380 | -€247 | -15.2% |
| Financial charges | 65/66B | €3,584 | €2,767 | -€817 | -22.8% |
| Recurring financial charges | 65 | €3,584 | €2,767 | -€817 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €53,635 | €90,479 | +€36,844 | +68.7% |
| Income taxes | 67/77 | €19,342 | €26,995 | +€7,653 | +39.6% |
| Profit (loss) for the period | 9904 | €34,293 | €63,484 | +€29,191 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,293 | €63,484 | +€29,191 | +85.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.