PTM GROUP: 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.
What changed
PTM GROUP
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€406,893
2024 · €422,629-€15,736
Equity
€11.6m
2024 · €11.2m+€406,893
Cash
€1.5m
2024 · €177,605+€1.3m
Balance sheet total
€20.7m
2024 · €22.6m-€2.0m
Largest movements
Assets
- Stocks and contracts -€7.4m
down €7.4m (-100.0%), from €7.4m to €0
of which Stocks: -€4.8m
- Tangible fixed assets +€2.8m
up €2.8m (+34.7%), from €8.0m to €10.7m
of which Other tangible fixed assets: +€1.6m
- Receivables after one year +€2.1m
up €2.1m (+386.0%), from €550,000 to €2.7m
- Cash +€1.3m
up €1.3m (+759.3%), from €177,605 to €1.5m
mainly Stocks and contracts (+€7.4m) and Debts after one year (+€1.6m)
- Current investments -€1.1m
down €1.1m (-77.5%), from €1.5m to €327,176
Equity and liabilities
- Short-term financial debts -€3.4m
down €3.4m (-100.0%), from €3.4m to €0
- Debts after one year +€1.6m
up €1.6m (+30.1%), from €5.3m to €6.9m
- Profit (loss) carried forward +€421,331
up €421,331 (+5.6%), from €7.6m to €8.0m
- Advances received -€394,369
down €394,369 (-100.0%), from €394,369 to €0
- Trade debts -€328,127
down €328,127 (-83.9%), from €390,930 to €62,803
Income statement
- Gross operating margin +€299,961
up €299,961 (+34.3%), from €875,425 to €1.2m
- Financial charges +€162,050
up €162,050 (+71.2%), from €227,744 to €389,794
- Depreciation +€122,997
up €122,997 (+29.5%), from €417,374 to €540,371
- Taxes +€30,028
up €30,028 (+36.7%), from €81,852 to €111,880
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.
Result 2024
€422,629
Gross operating margin
+€299,961
Depreciation
-€122,997
Write-downs
-€1,563
Other operating charges
+€422
Other operating items
+€3,189
Financial income
-€2,671
Financial charges
-€162,050
Taxes
-€30,028
Result 2025
€406,893
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.
From operations
+€5.2m
Investment
-€2.2m
Financing
-€1.7m
Cash 2024
€177,605
From operations (derived)
+€5.2m
Net result for the year
+€406,893
Depreciation
+€540,371
Receivables after one year
-€2.1m
Stocks and contracts
+€7.4m
Receivables within one year
-€367,562
Deferred charges and accrued income
+€44,767
Provisions
-€4,813
Trade debts
-€328,127
Tax, wage and social debts
+€58,681
Advances received
-€394,369
Other debts
-€89,875
Accrued charges and deferred income
+€37,357
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€3.3m
Current investments
+€1.1m
Financing
-€1.7m
Debts after one year
+€1.6m
Current portion of long-term debt
+€100,602
Short-term financial debts
-€3.4m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,631,477 | €20,651,372 | -€2.0m | -8.7% |
| Fixed assets | 21/28 | €12,535,400 | €15,301,724 | +€2.8m | +22.1% |
| Tangible fixed assets | 22/27 | €7,961,801 | €10,728,125 | +€2.8m | +34.7% |
| Land and buildings | 22 | €7,722,270 | €8,937,835 | +€1.2m | +15.7% |
| Furniture and vehicles | 24 | €10,647 | €8,346 | -€2,301 | -21.6% |
| Other tangible fixed assets | 26 | €228,884 | €1,781,943 | +€1.6m | +678.5% |
| Financial fixed assets | 28 | €4,573,599 | €4,573,599 | = | 0.0% |
| Current assets | 29/58 | €10,096,077 | €5,349,648 | -€4.7m | -47.0% |
| Amounts receivable after more than one year | 29 | €550,000 | €2,672,979 | +€2.1m | +386.0% |
| Other amounts receivable | 291 | €550,000 | €2,672,979 | +€2.1m | +386.0% |
| Stocks and contracts in progress | 3 | €7,412,907 | €0 | -€7.4m | -100.0% |
| Stocks | 30/36 | €4,791,945 | €0 | -€4.8m | -100.0% |
| Contracts in progress | 37 | €2,620,961 | - | -€2.6m | |
| Amounts receivable within one year | 40/41 | €338,871 | €706,433 | +€367,562 | +108.5% |
| Trade receivables | 40 | €271,717 | €594,379 | +€322,662 | +118.7% |
| Other amounts receivable | 41 | €67,154 | €112,054 | +€44,899 | +66.9% |
| Current investments | 50/53 | €1,455,114 | €327,176 | -€1.1m | -77.5% |
| Cash at bank and in hand | 54/58 | €177,605 | €1,526,247 | +€1.3m | +759.3% |
| Deferred charges and accrued income | 490/1 | €161,581 | €116,814 | -€44,767 | -27.7% |
| Total equity and liabilities | 10/49 | €22,631,477 | €20,651,372 | -€2.0m | -8.7% |
| Equity | 10/15 | €11,179,195 | €11,586,088 | +€406,893 | +3.6% |
| Contributions | 10/11 | €2,695,374 | €2,695,374 | = | 0.0% |
| Reserves | 13 | €922,285 | €907,847 | -€14,438 | -1.6% |
| Non-distributable reserves | 130/1 | €191,860 | €191,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €191,860 | €191,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,425 | €50,987 | -€14,438 | -22.1% |
| Distributable reserves | 133 | €665,000 | €665,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,561,536 | €7,982,866 | +€421,331 | +5.6% |
| Provisions and deferred taxes | 16 | €21,808 | €16,996 | -€4,813 | -22.1% |
| Deferred taxes | 168 | €21,808 | €16,996 | -€4,813 | -22.1% |
| Amounts payable | 17/49 | €11,430,473 | €9,048,289 | -€2.4m | -20.8% |
| Amounts payable after more than one year | 17 | €5,271,875 | €6,858,977 | +€1.6m | +30.1% |
| Financial debts | 170/4 | €5,271,875 | €6,858,977 | +€1.6m | +30.1% |
| Amounts payable within one year | 42/48 | €6,136,600 | €2,129,957 | -€4.0m | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €431,549 | €532,152 | +€100,602 | +23.3% |
| Financial debts | 43 | €3,353,557 | €0 | -€3.4m | -100.0% |
| Other loans | 439 | €3,353,557 | €0 | -€3.4m | -100.0% |
| Trade debts | 44 | €390,930 | €62,803 | -€328,127 | -83.9% |
| Suppliers | 440/4 | €390,930 | €62,803 | -€328,127 | -83.9% |
| Advances received on contracts in progress | 46 | €394,369 | €0 | -€394,369 | -100.0% |
| Taxes, remuneration and social security | 45 | €28,225 | €86,906 | +€58,681 | +207.9% |
| Taxes | 450/3 | €27,605 | €85,266 | +€57,661 | +208.9% |
| Remuneration and social security | 454/9 | €620 | €1,640 | +€1,020 | +164.6% |
| Other amounts payable | 47/48 | €1,537,971 | €1,448,096 | -€89,875 | -5.8% |
| Accrued charges and deferred income | 492/3 | €21,998 | €59,355 | +€37,357 | +169.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417,374 | €540,371 | +€122,997 | +29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,563 | +€1,563 | |
| Other operating charges | 640/8 | €54,780 | €54,358 | -€422 | -0.8% |
| Non-recurring operating charges | 66A | €4,303 | €1,114 | -€3,189 | -74.1% |
| Gross operating margin | 9900 | €875,425 | €1,175,386 | +€299,961 | +34.3% |
| Operating profit (loss) | 9901 | €398,969 | €577,982 | +€179,013 | +44.9% |
| Financial income | 75/76B | €328,444 | €325,774 | -€2,671 | -0.8% |
| Recurring financial income | 75 | €328,063 | €325,774 | -€2,290 | -0.7% |
| Non-recurring financial income | 76B | €381 | €0 | -€381 | -100.0% |
| Financial charges | 65/66B | €227,744 | €389,794 | +€162,050 | +71.2% |
| Recurring financial charges | 65 | €227,744 | €389,794 | +€162,050 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €499,669 | €513,961 | +€14,292 | +2.9% |
| Transfer from deferred taxes | 780 | €4,813 | €4,813 | = | 0.0% |
| Income taxes | 67/77 | €81,852 | €111,880 | +€30,028 | +36.7% |
| Profit (loss) for the period | 9904 | €422,629 | €406,893 | -€15,736 | -3.7% |
| Transfer from tax-exempt reserves | 789 | €14,438 | €14,438 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €437,067 | €421,331 | -€15,736 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.