PMS-PB: 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.
PMS-PB
Largest movements
- Cash -€26,177
down €26,177 (-36.7%), from €71,258 to €45,081
mainly Contributions, distributions and other (-€50,000) and Trade debts (-€16,177)
- Receivables within one year -€5,338
down €5,338 (-25.0%), from €21,377 to €16,039
of which Other amounts receivable: -€19,684
- Tangible fixed assets -€3,306
down €3,306 (-26.2%), from €12,617 to €9,311
of which Other tangible fixed assets: -€3,941
- Profit (loss) carried forward -€26,272
down €26,272 (-44.3%), from €59,279 to €33,007
- Trade debts -€16,177
down €16,177 (-69.8%), from €23,170 to €6,993
- Other debts +€7,325
up €7,325 (+4,187%), from €175 to €7,500
- Gross operating margin +€12,647
up €12,647 (+33.9%), from €37,276 to €49,923
- Other operating charges +€5,843
up €5,843 (+869%), from €673 to €6,516
- Taxes +€4,168
up €4,168 (+57.9%), from €7,200 to €11,368
- Financial charges +€3,093
up €3,093 (+533%), from €581 to €3,674
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 | €105,252 | €70,431 | -€34,821 | -33.1% |
| Fixed assets | 21/28 | €12,617 | €9,311 | -€3,306 | -26.2% |
| Tangible fixed assets | 22/27 | €12,617 | €9,311 | -€3,306 | -26.2% |
| Plant, machinery and equipment | 23 | €429 | €1,457 | +€1,028 | +240% |
| Furniture and vehicles | 24 | €1,023 | €630 | -€393 | -38.4% |
| Other tangible fixed assets | 26 | €11,165 | €7,224 | -€3,941 | -35.3% |
| Current assets | 29/58 | €92,635 | €61,120 | -€31,515 | -34.0% |
| Amounts receivable within one year | 40/41 | €21,377 | €16,039 | -€5,338 | -25.0% |
| Trade receivables | 40 | - | €14,346 | +€14,346 | |
| Other amounts receivable | 41 | €21,377 | €1,693 | -€19,684 | -92.1% |
| Cash at bank and in hand | 54/58 | €71,258 | €45,081 | -€26,177 | -36.7% |
| Total equity and liabilities | 10/49 | €105,252 | €70,431 | -€34,821 | -33.1% |
| Equity | 10/15 | €64,384 | €38,112 | -€26,272 | -40.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,105 | €2,105 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,105 | €2,105 | +€0 | 0.0% |
| Legal reserve | 130 | €2,105 | €2,105 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €59,279 | €33,007 | -€26,272 | -44.3% |
| Amounts payable | 17/49 | €40,869 | €32,319 | -€8,549 | -20.9% |
| Amounts payable within one year | 42/48 | €40,869 | €32,319 | -€8,549 | -20.9% |
| Trade debts | 44 | €23,170 | €6,993 | -€16,177 | -69.8% |
| Suppliers | 440/4 | €23,170 | €6,993 | -€16,177 | -69.8% |
| Taxes, remuneration and social security | 45 | €17,524 | €17,827 | +€303 | +1.7% |
| Taxes | 450/3 | €15,991 | €15,825 | -€166 | -1.0% |
| Remuneration and social security | 454/9 | €1,533 | €2,002 | +€469 | +30.6% |
| Other amounts payable | 47/48 | €175 | €7,500 | +€7,325 | +4,187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,993 | €4,637 | -€356 | -7.1% |
| Other operating charges | 640/8 | €673 | €6,516 | +€5,843 | +869% |
| Gross operating margin | 9900 | €37,276 | €49,923 | +€12,647 | +33.9% |
| Operating profit (loss) | 9901 | €31,610 | €38,770 | +€7,160 | +22.7% |
| Financial charges | 65/66B | €581 | €3,674 | +€3,093 | +533% |
| Recurring financial charges | 65 | €581 | €3,674 | +€3,093 | +533% |
| Profit (loss) for the period before taxes | 9903 | €31,030 | €35,096 | +€4,067 | +13.1% |
| Income taxes | 67/77 | €7,200 | €11,368 | +€4,168 | +57.9% |
| Profit (loss) for the period | 9904 | €23,830 | €23,728 | -€102 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,830 | €23,728 | -€102 | -0.4% |
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 19 October 2026 via checked.be.