PMV Fund Management: what changed
What changed
PMV Fund Management
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€622,719
2024 · €680,800-€58,082
Equity
€3.7m
2024 · €3.1m+€622,719
Cash
€5.2m
2024 · €4.5m+€686,357
Balance sheet total
€5.8m
2024 · €5.6m+€218,670
Largest movements
Assets
- Cash +€686,357
up €686,357 (+15.1%), from €4.5m to €5.2m
mainly Net result for the year (+€622,719) and Receivables within one year (+€529,590)
- Receivables within one year -€529,590
down €529,590 (-86.1%), from €615,158 to €85,568
of which Trade receivables: -€536,981
- Financial fixed assets +€65,031
up €65,031 (+17.7%), from €367,953 to €432,984
of which Affiliated companies: +€73,537
Equity and liabilities
- Profit (loss) carried forward +€622,719
up €622,719 (+22.4%), from €2.8m to €3.4m
- Trade debts -€394,825
down €394,825 (-19.3%), from €2.0m to €1.7m
- Tax, wage and social debts -€79,325
down €79,325 (-16.4%), from €484,260 to €404,935
of which Taxes: -€95,215
- Other debts +€71,417
new in 2025: €71,417
Income statement
- Turnover -€648,407
down €648,407 (-9.3%), from €7.0m to €6.4m
- Services and other goods -€245,289
down €245,289 (-6.4%), from €3.8m to €3.6m
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.
Result 2024
€680,800
Turnover
-€648,407
Other operating income
+€1,680
Services and other goods
+€245,289
Staff costs
-€41,281
Depreciation
+€286
Other operating charges
+€37,769
Other operating items
+€396,000
Financial income
-€64,549
Financial charges
-€568
Taxes
+€15,701
Result 2025
€622,719
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€751,388
Investment
-€65,031
Financing
€0
Cash 2024
€4.5m
From operations (derived)
+€751,388
Net result for the year
+€622,719
Depreciation
+€2,218
Receivables within one year
+€529,590
Smaller working-capital items
-€405
Trade debts
-€394,825
Tax, wage and social debts
-€79,325
Other debts
+€71,417
Investment (derived)
-€65,031
Investment in fixed assets (net)
-€65,031
Cash 2025
€5.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,592,911 | €5,811,581 | +€218,670 | +3.9% |
| Fixed assets | 21/28 | €371,133 | €433,947 | +€62,813 | +16.9% |
| Intangible fixed assets | 21 | €2,225 | €739 | -€1,486 | -66.8% |
| Tangible fixed assets | 22/27 | €955 | €223 | -€731 | -76.6% |
| Furniture and vehicles | 24 | €955 | €223 | -€731 | -76.6% |
| Financial fixed assets | 28 | €367,953 | €432,984 | +€65,031 | +17.7% |
| Affiliated companies | 280/1 | €170,149 | €243,686 | +€73,537 | +43.2% |
| Participating interests | 280 | €170,149 | €243,686 | +€73,537 | +43.2% |
| Companies linked by participating interests | 282/3 | €197,804 | €189,298 | -€8,506 | -4.3% |
| Participating interests | 282 | €68,023 | €68,023 | = | 0.0% |
| Amounts receivable | 283 | €129,782 | €121,276 | -€8,506 | -6.6% |
| Current assets | 29/58 | €5,221,778 | €5,377,634 | +€155,856 | +3.0% |
| Amounts receivable within one year | 40/41 | €615,158 | €85,568 | -€529,590 | -86.1% |
| Trade receivables | 40 | €609,789 | €72,808 | -€536,981 | -88.1% |
| Other amounts receivable | 41 | €5,370 | €12,761 | +€7,391 | +138% |
| Cash at bank and in hand | 54/58 | €4,546,154 | €5,232,511 | +€686,357 | +15.1% |
| Deferred charges and accrued income | 490/1 | €60,466 | €59,555 | -€910 | -1.5% |
| Total equity and liabilities | 10/49 | €5,592,911 | €5,811,581 | +€218,670 | +3.9% |
| Equity | 10/15 | €3,055,943 | €3,678,662 | +€622,719 | +20.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,780,943 | €3,403,662 | +€622,719 | +22.4% |
| Amounts payable | 17/49 | €2,536,968 | €2,132,919 | -€404,049 | -15.9% |
| Amounts payable within one year | 42/48 | €2,533,542 | €2,130,808 | -€402,734 | -15.9% |
| Trade debts | 44 | €2,049,282 | €1,654,456 | -€394,825 | -19.3% |
| Suppliers | 440/4 | €2,049,282 | €1,654,456 | -€394,825 | -19.3% |
| Taxes, remuneration and social security | 45 | €484,260 | €404,935 | -€79,325 | -16.4% |
| Taxes | 450/3 | €142,395 | €47,181 | -€95,215 | -66.9% |
| Remuneration and social security | 454/9 | €341,865 | €357,754 | +€15,890 | +4.6% |
| Other amounts payable | 47/48 | - | €71,417 | +€71,417 | |
| Accrued charges and deferred income | 492/3 | €3,426 | €2,110 | -€1,316 | -38.4% |
| Operating income | 70/76A | €7,001,132 | €6,354,405 | -€646,727 | -9.2% |
| Turnover | 70 | €6,999,548 | €6,351,141 | -€648,407 | -9.3% |
| Other operating income | 74 | €1,585 | €3,264 | +€1,680 | +106% |
| Operating charges | 60/66A | €6,196,435 | €5,558,373 | -€638,062 | -10.3% |
| Services and other goods | 61 | €3,835,114 | €3,589,825 | -€245,289 | -6.4% |
| Remuneration, social security and pensions | 62 | €1,788,440 | €1,829,721 | +€41,281 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,503 | €2,218 | -€286 | -11.4% |
| Other operating charges | 640/8 | €174,378 | €136,609 | -€37,769 | -21.7% |
| Non-recurring operating charges | 66A | €396,000 | - | -€396,000 | |
| Operating profit (loss) | 9901 | €804,697 | €796,032 | -€8,665 | -1.1% |
| Financial income | 75/76B | €114,883 | €50,334 | -€64,549 | -56.2% |
| Recurring financial income | 75 | €114,883 | €50,334 | -€64,549 | -56.2% |
| Income from financial fixed assets | 750 | €19,032 | €19,034 | +€2 | 0.0% |
| Income from current assets | 751 | €68,202 | €28,490 | -€39,712 | -58.2% |
| Other financial income | 752/9 | €27,649 | €2,811 | -€24,838 | -89.8% |
| Financial charges | 65/66B | €3,050 | €3,618 | +€568 | +18.6% |
| Recurring financial charges | 65 | €3,050 | €3,618 | +€568 | +18.6% |
| Other financial charges | 652/9 | €3,050 | €3,618 | +€568 | +18.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €916,531 | €842,749 | -€73,782 | -8.1% |
| Income taxes | 67/77 | €235,730 | €220,030 | -€15,701 | -6.7% |
| Taxes | 670/3 | €235,730 | €220,030 | -€15,701 | -6.7% |
| Profit (loss) for the period | 9904 | €680,800 | €622,719 | -€58,082 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €680,800 | €622,719 | -€58,082 | -8.5% |
Next steps
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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 4 November 2026 via checked.be.