PNM Creative Projects: what changed
PNM Creative Projects
Largest movements
- Cash +€17,047
up €17,047 (+13.8%), from €123,574 to €140,621
mainly Other debts (+€30,350) and Net result for the year (+€17,421)
- Receivables within one year -€13,057
down €13,057 (-52.7%), from €24,791 to €11,735
of which Trade receivables: -€12,671
- Tangible fixed assets +€8,950
up €8,950 (+91.4%), from €9,789 to €18,739
of which Furniture and vehicles: +€6,696
- Stocks and contracts +€6,928
up €6,928 (+294%), from €2,355 to €9,283
- Other debts +€30,350
up €30,350, from €0 to €30,350
- Reserves -€14,844
down €14,844 (-7.0%), from €212,130 to €197,286
- Tax, wage and social debts +€3,921
up €3,921 (+38.0%), from €10,323 to €14,244
of which Remuneration and social security: +€3,607
- Trade debts +€2,897
up €2,897 (+62.3%), from €4,652 to €7,550
- Profit (loss) carried forward -€2,821
down €2,821 (-100%), from €2,821 to €0
- Gross operating margin -€24,098
down €24,098 (-42.2%), from €57,094 to €32,997
- Taxes -€3,837
down €3,837 (-29.6%), from €12,954 to €9,117
- Depreciation +€857
up €857 (+22.1%), from €3,872 to €4,729
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 | €234,926 | €254,430 | +€19,503 | +8.3% |
| Fixed assets | 21/28 | €9,789 | €18,739 | +€8,950 | +91.4% |
| Tangible fixed assets | 22/27 | €9,789 | €18,739 | +€8,950 | +91.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €4,898 | €7,153 | +€2,255 | +46.0% |
| Furniture and vehicles | 24 | €4,890 | €11,586 | +€6,696 | +137% |
| Current assets | 29/58 | €225,138 | €235,691 | +€10,553 | +4.7% |
| Stocks and contracts in progress | 3 | €2,355 | €9,283 | +€6,928 | +294% |
| Stocks | 30/36 | €2,355 | €9,283 | +€6,928 | +294% |
| Amounts receivable within one year | 40/41 | €24,791 | €11,735 | -€13,057 | -52.7% |
| Trade receivables | 40 | €22,235 | €9,564 | -€12,671 | -57.0% |
| Other amounts receivable | 41 | €2,556 | €2,171 | -€385 | -15.1% |
| Current investments | 50/53 | €73,447 | €73,447 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,574 | €140,621 | +€17,047 | +13.8% |
| Deferred charges and accrued income | 490/1 | €971 | €606 | -€365 | -37.6% |
| Total equity and liabilities | 10/49 | €234,926 | €254,430 | +€19,503 | +8.3% |
| Equity | 10/15 | €219,951 | €202,286 | -€17,665 | -8.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €212,130 | €197,286 | -€14,844 | -7.0% |
| Distributable reserves | 133 | €212,130 | €197,286 | -€14,844 | -7.0% |
| Profit (loss) carried forward | 14 | €2,821 | €0 | -€2,821 | -100% |
| Amounts payable | 17/49 | €14,976 | €52,144 | +€37,168 | +248% |
| Amounts payable within one year | 42/48 | €14,976 | €52,144 | +€37,168 | +248% |
| Trade debts | 44 | €4,652 | €7,550 | +€2,897 | +62.3% |
| Suppliers | 440/4 | €4,652 | €7,550 | +€2,897 | +62.3% |
| Taxes, remuneration and social security | 45 | €10,323 | €14,244 | +€3,921 | +38.0% |
| Taxes | 450/3 | €10,323 | €10,637 | +€314 | +3.0% |
| Remuneration and social security | 454/9 | €0 | €3,607 | +€3,607 | |
| Other amounts payable | 47/48 | €0 | €30,350 | +€30,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,872 | €4,729 | +€857 | +22.1% |
| Other operating charges | 640/8 | €2,332 | €2,168 | -€165 | -7.1% |
| Gross operating margin | 9900 | €57,094 | €32,997 | -€24,098 | -42.2% |
| Operating profit (loss) | 9901 | €50,890 | €26,100 | -€24,790 | -48.7% |
| Financial income | 75/76B | €2,202 | €1,969 | -€233 | -10.6% |
| Recurring financial income | 75 | €2,202 | €1,969 | -€233 | -10.6% |
| Financial charges | 65/66B | €2,023 | €1,531 | -€492 | -24.3% |
| Recurring financial charges | 65 | €2,023 | €1,531 | -€492 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €51,069 | €26,537 | -€24,531 | -48.0% |
| Income taxes | 67/77 | €12,954 | €9,117 | -€3,837 | -29.6% |
| Profit (loss) for the period | 9904 | €38,115 | €17,421 | -€20,694 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,115 | €17,421 | -€20,694 | -54.3% |
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 2 November 2026 via checked.be.