PNMS: what changed
PNMS
Largest movements
- Cash +€10,146
up €10,146 (+142%), from €7,162 to €17,307
mainly Net result for the year (+€6,341) and Receivables within one year (+€3,751)
- Receivables within one year -€3,751
down €3,751 (-67.9%), from €5,522 to €1,771
of which Trade receivables: -€3,211
- Stocks and contracts +€750
new in 2025: €750
- Tangible fixed assets -€344
down €344 (-51.3%), from €671 to €327
- Profit (loss) carried forward +€6,341
up €6,341, from -€2,087 to €4,254
- Trade debts +€495
up €495 (+7.0%), from €7,064 to €7,559
- Gross operating margin +€8,519
up €8,519 (+460%), from €1,852 to €10,371
- Financial charges +€3,188
up €3,188 (+2,645%), from €121 to €3,308
- Financial income -€221
down €221 (-95.8%), from €231 to €10
of which Non-recurring financial income: -€230
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 | €13,355 | €20,191 | +€6,836 | +51.2% |
| Fixed assets | 21/28 | €671 | €327 | -€344 | -51.3% |
| Tangible fixed assets | 22/27 | €671 | €327 | -€344 | -51.3% |
| Furniture and vehicles | 24 | €671 | €327 | -€344 | -51.3% |
| Current assets | 29/58 | €12,684 | €19,864 | +€7,180 | +56.6% |
| Stocks and contracts in progress | 3 | - | €750 | +€750 | |
| Stocks | 30/36 | - | €750 | +€750 | |
| Amounts receivable within one year | 40/41 | €5,522 | €1,771 | -€3,751 | -67.9% |
| Trade receivables | 40 | €3,211 | - | -€3,211 | |
| Other amounts receivable | 41 | €2,311 | €1,771 | -€540 | -23.4% |
| Cash at bank and in hand | 54/58 | €7,162 | €17,307 | +€10,146 | +142% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €13,355 | €20,191 | +€6,836 | +51.2% |
| Equity | 10/15 | €4,113 | €10,454 | +€6,341 | +154% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,087 | €4,254 | +€6,341 | |
| Amounts payable | 17/49 | €9,242 | €9,737 | +€495 | +5.4% |
| Amounts payable within one year | 42/48 | €9,242 | €9,737 | +€495 | +5.4% |
| Trade debts | 44 | €7,064 | €7,559 | +€495 | +7.0% |
| Suppliers | 440/4 | €7,064 | €7,559 | +€495 | +7.0% |
| Other amounts payable | 47/48 | €2,178 | €2,178 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €344 | -€100 | -22.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.9% |
| Gross operating margin | 9900 | €1,852 | €10,371 | +€8,519 | +460% |
| Operating profit (loss) | 9901 | €1,024 | €9,639 | +€8,616 | +842% |
| Financial income | 75/76B | €231 | €10 | -€221 | -95.8% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +870% |
| Non-recurring financial income | 76B | €230 | - | -€230 | |
| Financial charges | 65/66B | €121 | €3,308 | +€3,188 | +2,645% |
| Recurring financial charges | 65 | €121 | €3,308 | +€3,188 | +2,645% |
| Profit (loss) for the period before taxes | 9903 | €1,134 | €6,341 | +€5,206 | +459% |
| Profit (loss) for the period | 9904 | €1,134 | €6,341 | +€5,206 | +459% |
| Profit (loss) for the period to be appropriated | 9905 | €1,134 | €6,341 | +€5,206 | +459% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.