PPEM PROJECT MANAGEMENT: 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.
PPEM PROJECT MANAGEMENT
Largest movements
- Receivables within one year +€16,264
up €16,264 (+5.0%), from €325,275 to €341,539
- Debts after one year +€19,092
up €19,092 (+5.3%), from €358,192 to €377,283
- Profit (loss) carried forward -€6,521
down €6,521 (-8.2%), from -€79,301 to -€85,823
- Financial income +€11,588
up €11,588 (+247.9%), from €4,675 to €16,264
- Financial charges -€884
down €884 (-5.3%), from €16,729 to €15,845
of which Non-recurring financial charges: -€10,000
- Gross operating margin -€681
down €681 (-29.5%), from -€2,303 to -€2,984
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 | €377,261 | €389,979 | +€12,718 | +3.4% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €357,261 | €369,979 | +€12,718 | +3.6% |
| Stocks and contracts in progress | 3 | €31,932 | €28,384 | -€3,548 | -11.1% |
| Stocks | 30/36 | €31,932 | €28,384 | -€3,548 | -11.1% |
| Amounts receivable within one year | 40/41 | €325,275 | €341,539 | +€16,264 | +5.0% |
| Other amounts receivable | 41 | €325,275 | €341,539 | +€16,264 | +5.0% |
| Cash at bank and in hand | 54/58 | €53 | €56 | +€2 | +4.6% |
| Total equity and liabilities | 10/49 | €377,261 | €389,979 | +€12,718 | +3.4% |
| Equity | 10/15 | -€17,801 | -€24,323 | -€6,521 | -36.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,301 | -€85,823 | -€6,521 | -8.2% |
| Amounts payable | 17/49 | €395,062 | €414,301 | +€19,240 | +4.9% |
| Amounts payable after more than one year | 17 | €358,192 | €377,283 | +€19,092 | +5.3% |
| Financial debts | 170/4 | €358,192 | €377,283 | +€19,092 | +5.3% |
| Amounts payable within one year | 42/48 | €36,870 | €37,018 | +€148 | +0.4% |
| Trade debts | 44 | €1,949 | €700 | -€1,249 | -64.1% |
| Suppliers | 440/4 | €1,949 | €700 | -€1,249 | -64.1% |
| Other amounts payable | 47/48 | €34,921 | €36,318 | +€1,397 | +4.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,548 | €3,548 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | -€2,303 | -€2,984 | -€681 | -29.5% |
| Operating profit (loss) | 9901 | -€6,239 | -€6,940 | -€702 | -11.2% |
| Financial income | 75/76B | €4,675 | €16,264 | +€11,588 | +247.9% |
| Recurring financial income | 75 | €4,675 | €16,264 | +€11,588 | +247.9% |
| Financial charges | 65/66B | €16,729 | €15,845 | -€884 | -5.3% |
| Recurring financial charges | 65 | €6,729 | €15,845 | +€9,116 | +135.5% |
| Non-recurring financial charges | 66B | €10,000 | €0 | -€10,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,293 | -€6,521 | +€11,771 | +64.3% |
| Profit (loss) for the period | 9904 | -€18,293 | -€6,521 | +€11,771 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,293 | -€6,521 | +€11,771 | +64.3% |
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 8 October 2026 via checked.be.