PPMM: 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.
PPMM
Largest movements
- Tangible fixed assets -€17,812
down €17,812 (-2.2%), from €796,133 to €778,321
of which Land and buildings: -€17,732
- Profit (loss) carried forward -€8,915
down €8,915, from €0 to -€8,915
- Depreciation +€22,721
up €22,721 (+123.9%), from €18,342 to €41,064
- Gross operating margin +€5,269
up €5,269 (+16.3%), from €32,298 to €37,567
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 | €855,020 | €840,230 | -€14,791 | -1.7% |
| Fixed assets | 21/28 | €796,133 | €778,321 | -€17,812 | -2.2% |
| Tangible fixed assets | 22/27 | €796,133 | €778,321 | -€17,812 | -2.2% |
| Land and buildings | 22 | €795,824 | €778,091 | -€17,732 | -2.2% |
| Plant, machinery and equipment | 23 | €310 | €230 | -€80 | -25.8% |
| Current assets | 29/58 | €58,887 | €61,908 | +€3,021 | +5.1% |
| Cash at bank and in hand | 54/58 | €57,922 | €60,897 | +€2,975 | +5.1% |
| Deferred charges and accrued income | 490/1 | €965 | €1,011 | +€46 | +4.8% |
| Total equity and liabilities | 10/49 | €855,020 | €840,230 | -€14,791 | -1.7% |
| Equity | 10/15 | €835,064 | €826,149 | -€8,915 | -1.1% |
| Contributions | 10/11 | €831,250 | €831,250 | = | 0.0% |
| Reserves | 13 | €3,814 | €3,814 | = | 0.0% |
| Distributable reserves | 133 | €3,814 | €3,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€8,915 | -€8,915 | |
| Amounts payable | 17/49 | €19,956 | €14,080 | -€5,876 | -29.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,956 | €14,080 | -€5,876 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €6,886 | €0 | -€6,886 | -100.0% |
| Trade debts | 44 | €0 | €1,010 | +€1,010 | |
| Suppliers | 440/4 | €0 | €1,010 | +€1,010 | |
| Other amounts payable | 47/48 | €13,070 | €13,070 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,342 | €41,064 | +€22,721 | +123.9% |
| Other operating charges | 640/8 | €5,148 | €5,310 | +€163 | +3.2% |
| Gross operating margin | 9900 | €32,298 | €37,567 | +€5,269 | +16.3% |
| Operating profit (loss) | 9901 | €8,807 | -€8,807 | -€17,615 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €402 | €108 | -€294 | -73.2% |
| Recurring financial charges | 65 | €402 | €108 | -€294 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €8,406 | -€8,915 | -€17,321 | |
| Profit (loss) for the period | 9904 | €8,406 | -€8,915 | -€17,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,406 | -€8,915 | -€17,321 |
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.