PMSolutions: 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.
PMSolutions
Largest movements
- Receivables within one year -€160,609
down €160,609 (-98.6%), from €162,814 to €2,205
of which Trade receivables: -€99,814
- Cash +€15,569
up €15,569 (+272.7%), from €5,710 to €21,279
mainly Receivables within one year (+€160,609) and Net result for the year (+€42,108)
- Stocks and contracts -€8,050
down €8,050 (-6.8%), from €118,031 to €109,981
- Tangible fixed assets -€7,819
down €7,819 (-1.9%), from €422,484 to €414,666
of which Other tangible fixed assets: -€11,111
- Profit (loss) carried forward -€81,972
down €81,972 (-43.5%), from €188,252 to €106,279
- Tax, wage and social debts -€39,277
down €39,277 (-77.7%), from €50,526 to €11,248
- Trade debts -€38,764
down €38,764 (-57.3%), from €67,601 to €28,837
- Debts after one year -€17,830
down €17,830 (-9.9%), from €180,438 to €162,608
of which Financial debts: -€17,830
- Current portion of long-term debt +€13,333
up €13,333 (+79.0%), from €16,871 to €30,204
- Gross operating margin -€226,156
down €226,156 (-70.0%), from €323,257 to €97,102
- Taxes -€17,225
down €17,225 (-56.4%), from €30,520 to €13,295
- Depreciation +€11,431
up €11,431 (+51.4%), from €22,244 to €33,675
- Financial charges -€4,085
down €4,085 (-46.3%), from €8,829 to €4,744
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 | €720,039 | €559,130 | -€160,908 | -22.3% |
| Fixed assets | 21/28 | €433,484 | €425,666 | -€7,819 | -1.8% |
| Tangible fixed assets | 22/27 | €422,484 | €414,666 | -€7,819 | -1.9% |
| Land and buildings | 22 | €347,301 | €339,328 | -€7,973 | -2.3% |
| Furniture and vehicles | 24 | €22,860 | €34,126 | +€11,265 | +49.3% |
| Other tangible fixed assets | 26 | €52,323 | €41,212 | -€11,111 | -21.2% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €286,554 | €133,464 | -€153,090 | -53.4% |
| Stocks and contracts in progress | 3 | €118,031 | €109,981 | -€8,050 | -6.8% |
| Stocks | 30/36 | €118,031 | €109,981 | -€8,050 | -6.8% |
| Amounts receivable within one year | 40/41 | €162,814 | €2,205 | -€160,609 | -98.6% |
| Trade receivables | 40 | €99,814 | - | -€99,814 | |
| Other amounts receivable | 41 | €63,000 | €2,205 | -€60,795 | -96.5% |
| Cash at bank and in hand | 54/58 | €5,710 | €21,279 | +€15,569 | +272.7% |
| Total equity and liabilities | 10/49 | €720,039 | €559,130 | -€160,908 | -22.3% |
| Equity | 10/15 | €335,531 | €247,127 | -€88,404 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,679 | €122,247 | -€6,432 | -5.0% |
| Tax-exempt reserves | 132 | €126,819 | €120,387 | -€6,432 | -5.1% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,252 | €106,279 | -€81,972 | -43.5% |
| Provisions and deferred taxes | 16 | €42,273 | €40,129 | -€2,144 | -5.1% |
| Deferred taxes | 168 | €42,273 | €40,129 | -€2,144 | -5.1% |
| Amounts payable | 17/49 | €342,235 | €271,874 | -€70,360 | -20.6% |
| Amounts payable after more than one year | 17 | €180,438 | €162,608 | -€17,830 | -9.9% |
| Financial debts | 170/4 | €178,902 | €161,072 | -€17,830 | -10.0% |
| Other amounts payable | 178/9 | €1,536 | €1,536 | = | 0.0% |
| Amounts payable within one year | 42/48 | €161,797 | €109,266 | -€52,531 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €16,871 | €30,204 | +€13,333 | +79.0% |
| Trade debts | 44 | €67,601 | €28,837 | -€38,764 | -57.3% |
| Suppliers | 440/4 | €67,601 | €28,837 | -€38,764 | -57.3% |
| Taxes, remuneration and social security | 45 | €50,526 | €11,248 | -€39,277 | -77.7% |
| Taxes | 450/3 | €50,526 | €11,248 | -€39,277 | -77.7% |
| Other amounts payable | 47/48 | €26,799 | €38,977 | +€12,178 | +45.4% |
| Non-recurring operating income | 76A | €3,477 | - | -€3,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,244 | €33,675 | +€11,431 | +51.4% |
| Other operating charges | 640/8 | €7,065 | €5,423 | -€1,642 | -23.2% |
| Gross operating margin | 9900 | €323,257 | €97,102 | -€226,156 | -70.0% |
| Operating profit (loss) | 9901 | €293,948 | €58,003 | -€235,945 | -80.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.9% |
| Financial charges | 65/66B | €8,829 | €4,744 | -€4,085 | -46.3% |
| Recurring financial charges | 65 | €8,829 | €4,744 | -€4,085 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €285,120 | €53,259 | -€231,861 | -81.3% |
| Transfer from deferred taxes | 780 | €2,144 | €2,144 | = | 0.0% |
| Transfer to deferred taxes | 680 | €44,417 | - | -€44,417 | |
| Income taxes | 67/77 | €30,520 | €13,295 | -€17,225 | -56.4% |
| Profit (loss) for the period | 9904 | €212,327 | €42,108 | -€170,219 | -80.2% |
| Transfer from tax-exempt reserves | 789 | €6,432 | €6,432 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €133,251 | - | -€133,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,508 | €48,540 | -€36,968 | -43.2% |
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 29 September 2026 via checked.be.