The PM Experience: 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.
The PM Experience
Largest movements
- Receivables within one year +€12,243
up €12,243 (+239%), from €5,113 to €17,356
- Deferred charges and accrued income +€7,537
new in 2025: €7,537
- Cash +€4,537
up €4,537 (+23.9%), from €18,985 to €23,522
mainly Net result for the year (+€18,798) and Tax, wage and social debts (+€8,413)
- Tangible fixed assets +€3,228
new in 2025: €3,228
- Profit (loss) carried forward +€18,798
up €18,798 (+91.2%), from €20,618 to €39,416
- Tax, wage and social debts +€8,413
up €8,413 (+340%), from €2,477 to €10,889
- Gross operating margin -€2,367
down €2,367 (-8.1%), from €29,116 to €26,750
- Taxes -€397
down €397 (-5.6%), from €7,090 to €6,693
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 | €24,418 | €51,643 | +€27,225 | +111% |
| Formation expenses | 20 | €320 | - | -€320 | |
| Fixed assets | 21/28 | - | €3,228 | +€3,228 | |
| Tangible fixed assets | 22/27 | - | €3,228 | +€3,228 | |
| Furniture and vehicles | 24 | - | €3,228 | +€3,228 | |
| Current assets | 29/58 | €24,097 | €48,414 | +€24,317 | +101% |
| Amounts receivable within one year | 40/41 | €5,113 | €17,356 | +€12,243 | +239% |
| Trade receivables | 40 | €5,113 | €17,356 | +€12,243 | +239% |
| Cash at bank and in hand | 54/58 | €18,985 | €23,522 | +€4,537 | +23.9% |
| Deferred charges and accrued income | 490/1 | - | €7,537 | +€7,537 | |
| Total equity and liabilities | 10/49 | €24,418 | €51,643 | +€27,225 | +111% |
| Equity | 10/15 | €21,618 | €40,416 | +€18,798 | +87.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,618 | €39,416 | +€18,798 | +91.2% |
| Amounts payable | 17/49 | €2,800 | €11,226 | +€8,427 | +301% |
| Amounts payable within one year | 42/48 | €2,800 | €11,226 | +€8,427 | +301% |
| Trade debts | 44 | €8 | €82 | +€74 | +887% |
| Suppliers | 440/4 | €8 | €82 | +€74 | +887% |
| Taxes, remuneration and social security | 45 | €2,477 | €10,889 | +€8,413 | +340% |
| Taxes | 450/3 | €2,477 | €10,889 | +€8,413 | +340% |
| Other amounts payable | 47/48 | €315 | €255 | -€60 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696 | €725 | +€29 | +4.2% |
| Other operating charges | 640/8 | €712 | €507 | -€205 | -28.8% |
| Gross operating margin | 9900 | €29,116 | €26,750 | -€2,367 | -8.1% |
| Operating profit (loss) | 9901 | €27,708 | €25,518 | -€2,190 | -7.9% |
| Financial charges | 65/66B | - | €26 | +€26 | |
| Recurring financial charges | 65 | - | €26 | +€26 | |
| Profit (loss) for the period before taxes | 9903 | €27,708 | €25,492 | -€2,216 | -8.0% |
| Income taxes | 67/77 | €7,090 | €6,693 | -€397 | -5.6% |
| Profit (loss) for the period | 9904 | €20,618 | €18,798 | -€1,819 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,618 | €18,798 | -€1,819 | -8.8% |
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 14 October 2026 via checked.be.