PMV CONCEPT: 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.
PMV CONCEPT
Largest movements
- Receivables within one year +€7,206
up €7,206 (+82.6%), from €8,726 to €15,932
of which Trade receivables: +€6,080
- Cash -€1,952
down €1,952 (-62.0%), from €3,147 to €1,195
mainly Accrued charges and deferred income (-€11,344) and Other debts (-€9,159)
- Stocks and contracts +€600
up €600 (+30.3%), from €1,979 to €2,579
- Tax, wage and social debts +€16,092
up €16,092 (+584.1%), from €2,755 to €18,847
of which Remuneration and social security: +€15,750
- Accrued charges and deferred income -€11,344
no longer reported in 2025 (was €11,344)
- Other debts -€9,159
down €9,159 (-41.7%), from €21,979 to €12,820
- Trade debts +€6,013
up €6,013 (+117.8%), from €5,104 to €11,117
- Profit (loss) carried forward +€4,092
up €4,092 (+2.7%), from -€149,229 to -€145,137
- Financial charges -€5,877
down €5,877 (-93.8%), from €6,268 to €391
- Gross operating margin +€5,526
up €5,526 (+285.1%), from €1,938 to €7,464
- Depreciation +€285
up €285 (+31.8%), from €895 to €1,180
- Taxes +€175
new in 2025: €175
- Other operating charges +€113
up €113 (+7.4%), from €1,526 to €1,639
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 | €15,774 | €21,630 | +€5,856 | +37.1% |
| Fixed assets | 21/28 | €1,836 | €1,656 | -€180 | -9.8% |
| Tangible fixed assets | 22/27 | €1,604 | €1,424 | -€180 | -11.2% |
| Plant, machinery and equipment | 23 | €1,604 | €924 | -€680 | -42.4% |
| Furniture and vehicles | 24 | - | €500 | +€500 | |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €13,938 | €19,974 | +€6,036 | +43.3% |
| Stocks and contracts in progress | 3 | €1,979 | €2,579 | +€600 | +30.3% |
| Stocks | 30/36 | €1,979 | €2,579 | +€600 | +30.3% |
| Amounts receivable within one year | 40/41 | €8,726 | €15,932 | +€7,206 | +82.6% |
| Trade receivables | 40 | €8,696 | €14,776 | +€6,080 | +69.9% |
| Other amounts receivable | 41 | €30 | €1,156 | +€1,126 | +3753.3% |
| Cash at bank and in hand | 54/58 | €3,147 | €1,195 | -€1,952 | -62.0% |
| Deferred charges and accrued income | 490/1 | €86 | €268 | +€182 | +211.6% |
| Total equity and liabilities | 10/49 | €15,774 | €21,630 | +€5,856 | +37.1% |
| Equity | 10/15 | -€124,908 | -€120,816 | +€4,092 | +3.3% |
| Contributions | 10/11 | €23,210 | €23,210 | = | 0.0% |
| Reserves | 13 | €1,111 | €1,111 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,111 | €1,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,229 | -€145,137 | +€4,092 | +2.7% |
| Amounts payable | 17/49 | €140,682 | €142,446 | +€1,764 | +1.3% |
| Amounts payable after more than one year | 17 | €99,500 | €99,500 | = | 0.0% |
| Financial debts | 170/4 | €99,500 | €99,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,838 | €42,946 | +€13,108 | +43.9% |
| Trade debts | 44 | €5,104 | €11,117 | +€6,013 | +117.8% |
| Suppliers | 440/4 | €5,104 | €11,117 | +€6,013 | +117.8% |
| Advances received on contracts in progress | 46 | - | €162 | +€162 | |
| Taxes, remuneration and social security | 45 | €2,755 | €18,847 | +€16,092 | +584.1% |
| Taxes | 450/3 | €2,755 | €3,097 | +€342 | +12.4% |
| Remuneration and social security | 454/9 | - | €15,750 | +€15,750 | |
| Other amounts payable | 47/48 | €21,979 | €12,820 | -€9,159 | -41.7% |
| Accrued charges and deferred income | 492/3 | €11,344 | - | -€11,344 | |
| Non-recurring operating income | 76A | - | €11,343 | +€11,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €1,180 | +€285 | +31.8% |
| Other operating charges | 640/8 | €1,526 | €1,639 | +€113 | +7.4% |
| Gross operating margin | 9900 | €1,938 | €7,464 | +€5,526 | +285.1% |
| Operating profit (loss) | 9901 | -€483 | €4,645 | +€5,128 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €6,268 | €391 | -€5,877 | -93.8% |
| Recurring financial charges | 65 | €6,268 | €391 | -€5,877 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,751 | €4,267 | +€11,018 | |
| Income taxes | 67/77 | - | €175 | +€175 | |
| Profit (loss) for the period | 9904 | -€6,751 | €4,092 | +€10,843 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,751 | €4,092 | +€10,843 |
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 7 October 2026 via checked.be.