PTM - CONSULT: 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.
PTM - CONSULT
Largest movements
- Current investments +€94,000
up €94,000 (+2.5%), from €3.7m to €3.8m
- Cash +€89,452
up €89,452 (+48.8%), from €183,486 to €272,938
mainly Net result for the year (+€260,289) and Other debts (+€111,693)
- Receivables within one year -€71,648
down €71,648 (-6.3%), from €1.1m to €1.1m
of which Other amounts receivable: -€70,196
- Profit (loss) carried forward +€150,289
up €150,289, from -€142,579 to €7,710
- Reserves -€140,000
down €140,000 (-2.3%), from €6.0m to €5.9m
of which Distributable reserves: -€140,000
- Other debts +€111,693
up €111,693 (+119.9%), from €93,167 to €204,860
- Financial income +€195,418
up €195,418 (+104.5%), from €187,007 to €382,425
- Depreciation -€37,074
down €37,074 (-43.0%), from €86,259 to €49,185
- Taxes +€34,747
up €34,747 (+562.2%), from €6,181 to €40,928
- Gross operating margin +€26,760
up €26,760, from -€13,842 to €12,917
- Financial charges +€17,248
up €17,248 (+78.7%), from €21,904 to €39,152
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 | €6,639,579 | €6,773,169 | +€133,590 | +2.0% |
| Fixed assets | 21/28 | €1,070,016 | €1,092,634 | +€22,617 | +2.1% |
| Tangible fixed assets | 22/27 | €1,051,174 | €1,073,792 | +€22,617 | +2.2% |
| Land and buildings | 22 | €1,050,540 | €1,005,410 | -€45,130 | -4.3% |
| Plant, machinery and equipment | 23 | - | €3,304 | +€3,304 | |
| Furniture and vehicles | 24 | €635 | €65,078 | +€64,443 | +10154.6% |
| Financial fixed assets | 28 | €18,842 | €18,842 | = | 0.0% |
| Current assets | 29/58 | €5,569,562 | €5,680,535 | +€110,973 | +2.0% |
| Amounts receivable after more than one year | 29 | €499,913 | €499,913 | = | 0.0% |
| Trade receivables | 290 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €274,913 | €274,913 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,142,339 | €1,070,691 | -€71,648 | -6.3% |
| Trade receivables | 40 | €60,277 | €58,825 | -€1,452 | -2.4% |
| Other amounts receivable | 41 | €1,082,063 | €1,011,867 | -€70,196 | -6.5% |
| Current investments | 50/53 | €3,728,369 | €3,822,369 | +€94,000 | +2.5% |
| Cash at bank and in hand | 54/58 | €183,486 | €272,938 | +€89,452 | +48.8% |
| Deferred charges and accrued income | 490/1 | €15,456 | €14,624 | -€831 | -5.4% |
| Total equity and liabilities | 10/49 | €6,639,579 | €6,773,169 | +€133,590 | +2.0% |
| Equity | 10/15 | €6,038,949 | €6,049,238 | +€10,289 | +0.2% |
| Contributions | 10/11 | €141,299 | €141,299 | = | 0.0% |
| Capital | 10 | €141,299 | €141,299 | = | 0.0% |
| Issued capital | 100 | €141,299 | €141,299 | = | 0.0% |
| Reserves | 13 | €6,040,229 | €5,900,229 | -€140,000 | -2.3% |
| Non-distributable reserves | 130/1 | €36,563 | €36,563 | = | 0.0% |
| Legal reserve | 130 | €36,563 | €36,563 | = | 0.0% |
| Distributable reserves | 133 | €6,003,666 | €5,863,666 | -€140,000 | -2.3% |
| Profit (loss) carried forward | 14 | -€142,579 | €7,710 | +€150,289 | |
| Amounts payable | 17/49 | €600,630 | €723,931 | +€123,301 | +20.5% |
| Amounts payable within one year | 42/48 | €597,921 | €721,222 | +€123,301 | +20.6% |
| Financial debts | 43 | €500,084 | €500,671 | +€587 | +0.1% |
| Credit institutions | 430/8 | €500,084 | €500,671 | +€587 | +0.1% |
| Trade debts | 44 | €2,040 | €1,904 | -€137 | -6.7% |
| Suppliers | 440/4 | €2,040 | €1,904 | -€137 | -6.7% |
| Taxes, remuneration and social security | 45 | €2,630 | €13,787 | +€11,158 | +424.3% |
| Taxes | 450/3 | €2,630 | €13,787 | +€11,158 | +424.3% |
| Other amounts payable | 47/48 | €93,167 | €204,860 | +€111,693 | +119.9% |
| Accrued charges and deferred income | 492/3 | €2,708 | €2,708 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,259 | €49,185 | -€37,074 | -43.0% |
| Other operating charges | 640/8 | €6,590 | €5,788 | -€803 | -12.2% |
| Gross operating margin | 9900 | -€13,842 | €12,917 | +€26,760 | |
| Operating profit (loss) | 9901 | -€106,692 | -€42,056 | +€64,636 | +60.6% |
| Financial income | 75/76B | €187,007 | €382,425 | +€195,418 | +104.5% |
| Recurring financial income | 75 | €187,007 | €382,425 | +€195,418 | +104.5% |
| Financial charges | 65/66B | €21,904 | €39,152 | +€17,248 | +78.7% |
| Recurring financial charges | 65 | €21,904 | €39,152 | +€17,248 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €58,411 | €301,217 | +€242,806 | +415.7% |
| Income taxes | 67/77 | €6,181 | €40,928 | +€34,747 | +562.2% |
| Profit (loss) for the period | 9904 | €52,231 | €260,289 | +€208,059 | +398.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,231 | €260,289 | +€208,059 | +398.3% |
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 10 October 2026 via checked.be.