PPM Invest: what changed
Two financial 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.
PPM Invest
Largest movements
- Receivables within one year +€75,437
up €75,437 (+18.0%), from €419,379 to €494,816
of which Other amounts receivable: +€70,937
- Trade debts +€113,659
up €113,659 (+1,357%), from €8,373 to €122,032
- Advances received -€107,513
no longer reported in 2025 (was €107,513)
- Profit (loss) carried forward +€37,303
up €37,303 (+74.1%), from €50,373 to €87,676
- Other debts +€22,578
up €22,578 (+22.0%), from €102,746 to €125,324
- Tax, wage and social debts +€9,414
up €9,414 (+8.5%), from €110,423 to €119,837
- Gross operating margin +€35,546
up €35,546 (+34.2%), from €103,908 to €139,453
- Other operating charges +€21,820
up €21,820 (+9,244%), from €236 to €22,056
- Write-downs -€9,336
new in 2025: -€9,336
- Taxes +€8,722
up €8,722 (+36.3%), from €24,031 to €32,752
- Financial charges +€5,620
up €5,620 (+337%), from €1,666 to €7,286
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.
Derived cash bridge
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 | €435,629 | €511,069 | +€75,440 | +17.3% |
| Fixed assets | 21/28 | €16,235 | €16,235 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,050 | €16,050 | = | 0.0% |
| Furniture and vehicles | 24 | €16,050 | €16,050 | = | 0.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €419,394 | €494,834 | +€75,440 | +18.0% |
| Amounts receivable within one year | 40/41 | €419,379 | €494,816 | +€75,437 | +18.0% |
| Trade receivables | 40 | €88,854 | €93,354 | +€4,500 | +5.1% |
| Other amounts receivable | 41 | €330,525 | €401,462 | +€70,937 | +21.5% |
| Cash at bank and in hand | 54/58 | €15 | €18 | +€3 | +18.2% |
| Total equity and liabilities | 10/49 | €435,629 | €511,069 | +€75,440 | +17.3% |
| Equity | 10/15 | €56,573 | €93,876 | +€37,303 | +65.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,373 | €87,676 | +€37,303 | +74.1% |
| Amounts payable | 17/49 | €379,056 | €417,193 | +€38,137 | +10.1% |
| Amounts payable within one year | 42/48 | €379,056 | €417,193 | +€38,137 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,373 | €122,032 | +€113,659 | +1,357% |
| Suppliers | 440/4 | €8,373 | €122,032 | +€113,659 | +1,357% |
| Advances received on contracts in progress | 46 | €107,513 | - | -€107,513 | |
| Taxes, remuneration and social security | 45 | €110,423 | €119,837 | +€9,414 | +8.5% |
| Taxes | 450/3 | €110,423 | €119,837 | +€9,414 | +8.5% |
| Other amounts payable | 47/48 | €102,746 | €125,324 | +€22,578 | +22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,336 | -€9,336 | |
| Other operating charges | 640/8 | €236 | €22,056 | +€21,820 | +9,244% |
| Gross operating margin | 9900 | €103,908 | €139,453 | +€35,546 | +34.2% |
| Operating profit (loss) | 9901 | €103,672 | €126,734 | +€23,062 | +22.2% |
| Financial income | 75/76B | €7,776 | €10,607 | +€2,831 | +36.4% |
| Recurring financial income | 75 | €7,776 | €10,607 | +€2,831 | +36.4% |
| Financial charges | 65/66B | €1,666 | €7,286 | +€5,620 | +337% |
| Recurring financial charges | 65 | €1,666 | €7,286 | +€5,620 | +337% |
| Profit (loss) for the period before taxes | 9903 | €109,782 | €130,055 | +€20,273 | +18.5% |
| Income taxes | 67/77 | €24,031 | €32,752 | +€8,722 | +36.3% |
| Profit (loss) for the period | 9904 | €85,752 | €97,303 | +€11,551 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,752 | €97,303 | +€11,551 | +13.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.