PPMLS: 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.
PPMLS
Largest movements
- Cash +€80,134
up €80,134 (+76.5%), from €104,763 to €184,897
mainly Net result for the year (+€127,318) and Current investments (+€67,041)
- Current investments -€67,041
down €67,041 (-67.0%), from €100,000 to €32,958
- Receivables within one year +€6,860
up €6,860 (+25.2%), from €27,174 to €34,034
of which Trade receivables: +€6,872
- Receivables after one year -€5,000
no longer reported in 2025 (was €5,000)
- Other debts +€22,000
up €22,000 (+18.6%), from €118,000 to €140,000
- Profit (loss) carried forward -€12,682
down €12,682 (-14.1%), from €89,807 to €77,125
- Tax, wage and social debts +€7,981
up €7,981 (+33.2%), from €24,035 to €32,016
- Gross operating margin +€40,959
up €40,959 (+32.3%), from €126,651 to €167,609
- Taxes +€12,962
up €12,962 (+50.2%), from €25,803 to €38,765
- Depreciation -€12,025
down €12,025 (-94.8%), from €12,690 to €664
- Financial charges +€2,146
up €2,146 (+502.8%), from €427 to €2,573
of which Non-recurring financial charges: +€2,310
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 | €241,291 | €257,762 | +€16,471 | +6.8% |
| Fixed assets | 21/28 | €3,058 | €2,394 | -€664 | -21.7% |
| Tangible fixed assets | 22/27 | €2,558 | €1,894 | -€664 | -26.0% |
| Furniture and vehicles | 24 | €2,558 | €1,894 | -€664 | -26.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €238,233 | €255,368 | +€17,135 | +7.2% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 291 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €27,174 | €34,034 | +€6,860 | +25.2% |
| Trade receivables | 40 | €27,008 | €33,880 | +€6,872 | +25.4% |
| Other amounts receivable | 41 | €166 | €154 | -€12 | -7.4% |
| Current investments | 50/53 | €100,000 | €32,958 | -€67,041 | -67.0% |
| Cash at bank and in hand | 54/58 | €104,763 | €184,897 | +€80,134 | +76.5% |
| Deferred charges and accrued income | 490/1 | €1,296 | €3,479 | +€2,183 | +168.5% |
| Total equity and liabilities | 10/49 | €241,291 | €257,762 | +€16,471 | +6.8% |
| Equity | 10/15 | €94,807 | €82,125 | -€12,682 | -13.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,807 | €77,125 | -€12,682 | -14.1% |
| Amounts payable | 17/49 | €146,484 | €175,637 | +€29,153 | +19.9% |
| Amounts payable within one year | 42/48 | €146,484 | €175,628 | +€29,144 | +19.9% |
| Trade debts | 44 | €4,449 | €3,612 | -€837 | -18.8% |
| Suppliers | 440/4 | €4,449 | €3,612 | -€837 | -18.8% |
| Taxes, remuneration and social security | 45 | €24,035 | €32,016 | +€7,981 | +33.2% |
| Taxes | 450/3 | €24,035 | €32,016 | +€7,981 | +33.2% |
| Other amounts payable | 47/48 | €118,000 | €140,000 | +€22,000 | +18.6% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,690 | €664 | -€12,025 | -94.8% |
| Other operating charges | 640/8 | €465 | €411 | -€54 | -11.5% |
| Gross operating margin | 9900 | €126,651 | €167,609 | +€40,959 | +32.3% |
| Operating profit (loss) | 9901 | €113,496 | €166,534 | +€53,038 | +46.7% |
| Financial income | 75/76B | €1,914 | €2,122 | +€208 | +10.9% |
| Recurring financial income | 75 | €1,914 | €112 | -€1,803 | -94.2% |
| Non-recurring financial income | 76B | - | €2,011 | +€2,011 | |
| Financial charges | 65/66B | €427 | €2,573 | +€2,146 | +502.8% |
| Recurring financial charges | 65 | €427 | €263 | -€164 | -38.3% |
| Non-recurring financial charges | 66B | - | €2,310 | +€2,310 | |
| Profit (loss) for the period before taxes | 9903 | €114,983 | €166,083 | +€51,100 | +44.4% |
| Income taxes | 67/77 | €25,803 | €38,765 | +€12,962 | +50.2% |
| Profit (loss) for the period | 9904 | €89,180 | €127,318 | +€38,138 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,180 | €127,318 | +€38,138 | +42.8% |
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 28 September 2026 via checked.be.