PPM PROACTIEF PROJECTMANAGEMENT: 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 PROACTIEF PROJECTMANAGEMENT
Largest movements
- Cash +€34,004
up €34,004 (+43.8%), from €77,620 to €111,623
mainly Net result for the year (+€33,788) and Receivables after one year (+€30,000)
- Receivables after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets -€18,414
down €18,414 (-16.9%), from €109,100 to €90,686
of which Furniture and vehicles: -€16,076
- Receivables within one year -€9,009
down €9,009 (-38.4%), from €23,438 to €14,428
of which Trade receivables: -€9,009
- Tax, wage and social debts -€27,715
down €27,715 (-78.9%), from €35,131 to €7,415
- Other debts +€8,666
up €8,666 (+54.9%), from €15,777 to €24,443
- Reserves -€7,135
down €7,135 (-1.5%), from €489,707 to €482,572
of which Distributable reserves: -€7,135
- Gross operating margin -€50,787
down €50,787 (-42.4%), from €119,835 to €69,048
- Taxes -€17,904
down €17,904 (-49.3%), from €36,337 to €18,433
- Financial income -€6,932
down €6,932 (-68.4%), from €10,131 to €3,199
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 | €586,092 | €562,673 | -€23,419 | -4.0% |
| Fixed assets | 21/28 | €109,100 | €90,686 | -€18,414 | -16.9% |
| Tangible fixed assets | 22/27 | €109,100 | €90,686 | -€18,414 | -16.9% |
| Plant, machinery and equipment | 23 | €8,216 | €7,267 | -€949 | -11.6% |
| Furniture and vehicles | 24 | €57,532 | €41,455 | -€16,076 | -27.9% |
| Other tangible fixed assets | 26 | €43,352 | €41,964 | -€1,388 | -3.2% |
| Current assets | 29/58 | €476,992 | €471,987 | -€5,006 | -1.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100% |
| Amounts receivable within one year | 40/41 | €23,438 | €14,428 | -€9,009 | -38.4% |
| Trade receivables | 40 | €23,438 | €14,428 | -€9,009 | -38.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €345,470 | €345,470 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,620 | €111,623 | +€34,004 | +43.8% |
| Deferred charges and accrued income | 490/1 | €465 | €465 | = | 0.0% |
| Total equity and liabilities | 10/49 | €586,092 | €562,673 | -€23,419 | -4.0% |
| Equity | 10/15 | €533,058 | €525,923 | -€7,135 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €489,707 | €482,572 | -€7,135 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €71,074 | €71,074 | = | 0.0% |
| Distributable reserves | 133 | €418,633 | €411,498 | -€7,135 | -1.7% |
| Profit (loss) carried forward | 14 | €24,759 | €24,759 | = | 0.0% |
| Amounts payable | 17/49 | €53,034 | €36,750 | -€16,284 | -30.7% |
| Amounts payable within one year | 42/48 | €53,034 | €35,698 | -€17,336 | -32.7% |
| Financial debts | 43 | €502 | €2,249 | +€1,747 | +348% |
| Credit institutions | 430/8 | €502 | €2,249 | +€1,747 | +348% |
| Trade debts | 44 | €1,625 | €1,592 | -€33 | -2.0% |
| Suppliers | 440/4 | €1,625 | €1,592 | -€33 | -2.0% |
| Taxes, remuneration and social security | 45 | €35,131 | €7,415 | -€27,715 | -78.9% |
| Taxes | 450/3 | €35,131 | €7,415 | -€27,715 | -78.9% |
| Other amounts payable | 47/48 | €15,777 | €24,443 | +€8,666 | +54.9% |
| Accrued charges and deferred income | 492/3 | - | €1,051 | +€1,051 | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,437 | €18,414 | +€977 | +5.6% |
| Other operating charges | 640/8 | €589 | €544 | -€45 | -7.7% |
| Gross operating margin | 9900 | €119,835 | €69,048 | -€50,787 | -42.4% |
| Operating profit (loss) | 9901 | €101,809 | €50,091 | -€51,719 | -50.8% |
| Financial income | 75/76B | €10,131 | €3,199 | -€6,932 | -68.4% |
| Recurring financial income | 75 | €10,131 | €3,199 | -€6,932 | -68.4% |
| Financial charges | 65/66B | €1,834 | €1,069 | -€765 | -41.7% |
| Recurring financial charges | 65 | €1,834 | €1,069 | -€765 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €110,106 | €52,221 | -€57,885 | -52.6% |
| Income taxes | 67/77 | €36,337 | €18,433 | -€17,904 | -49.3% |
| Profit (loss) for the period | 9904 | €73,769 | €33,788 | -€39,981 | -54.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €73,769 | €33,788 | -€39,981 | -54.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.