PMC+: 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
PMC+
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,468
2024 · €106,357-€42,889
Equity
€8.5m
2024 · €8.5m+€63,468
Cash
€713,394
2024 · €728,757-€15,363
Balance sheet total
€9.0m
2024 · €8.9m+€12,653
Largest movements
Assets
- Tangible fixed assets +€400,718
up €400,718 (+49.9%), from €803,559 to €1.2m
of which Land and buildings: +€400,557
- Current investments -€325,565
down €325,565 (-11.9%), from €2.7m to €2.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€120,918
down €120,918 (-78.2%), from €154,610 to €33,692
- Taxes -€100,033
down €100,033 (-80.5%), from €124,193 to €24,160
- Services and other goods +€16,177
up €16,177 (+8.8%), from €183,985 to €200,162
- Depreciation +€9,614
up €9,614 (+26.0%), from €36,991 to €46,605
- Turnover +€4,131
up €4,131 (+1.4%), from €300,092 to €304,223
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
€106,357
Turnover
+€4,131
Other operating income
+€2,665
Services and other goods
-€16,177
Depreciation
-€9,614
Other operating charges
-€82
Financial income
-€120,918
Financial charges
-€2,998
Taxes
+€100,033
Deferred taxes and other
+€72
Result 2025
€63,468
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
+€106,394
Investment
-€121,758
Financing
€0
Cash 2024
€728,757
From operations (derived)
+€106,394
Net result for the year
+€63,468
Depreciation
+€46,605
Receivables within one year
+€47,179
Smaller working-capital items
-€770
Trade debts
+€8,782
Tax, wage and social debts
-€12,455
Other debts
-€50,114
Accrued charges and deferred income
+€3,699
Investment (derived)
-€121,758
Investment in fixed assets (net)
-€447,323
Current investments
+€325,565
Cash 2025
€713,394
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,942,778 | €8,955,431 | +€12,653 | +0.1% |
| Fixed assets | 21/28 | €3,225,592 | €3,626,310 | +€400,718 | +12.4% |
| Tangible fixed assets | 22/27 | €803,559 | €1,204,277 | +€400,718 | +49.9% |
| Land and buildings | 22 | €802,448 | €1,203,005 | +€400,557 | +49.9% |
| Furniture and vehicles | 24 | €1,112 | €1,272 | +€161 | +14.4% |
| Financial fixed assets | 28 | €2,422,033 | €2,422,033 | = | 0.0% |
| Affiliated companies | 280/1 | €2,422,033 | €2,422,033 | = | 0.0% |
| Participating interests | 280 | €2,422,033 | €2,422,033 | = | 0.0% |
| Current assets | 29/58 | €5,717,186 | €5,329,122 | -€388,064 | -6.8% |
| Amounts receivable after more than one year | 29 | €1,800,000 | €1,800,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,800,000 | €1,800,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €452,911 | €405,733 | -€47,179 | -10.4% |
| Trade receivables | 40 | €79,977 | €27,739 | -€52,238 | -65.3% |
| Other amounts receivable | 41 | €372,934 | €377,994 | +€5,059 | +1.4% |
| Current investments | 50/53 | €2,735,497 | €2,409,932 | -€325,565 | -11.9% |
| Other investments | 51/53 | €2,735,497 | €2,409,932 | -€325,565 | -11.9% |
| Cash at bank and in hand | 54/58 | €728,757 | €713,394 | -€15,363 | -2.1% |
| Deferred charges and accrued income | 490/1 | €21 | €63 | +€42 | +206.6% |
| Total equity and liabilities | 10/49 | €8,942,778 | €8,955,431 | +€12,653 | +0.1% |
| Equity | 10/15 | €8,460,934 | €8,524,402 | +€63,468 | +0.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €8,442,384 | €8,505,852 | +€63,468 | +0.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,973 | €62,792 | -€2,181 | -3.4% |
| Distributable reserves | 133 | €8,375,556 | €8,441,205 | +€65,649 | +0.8% |
| Provisions and deferred taxes | 16 | €21,658 | €20,931 | -€727 | -3.4% |
| Deferred taxes | 168 | €21,658 | €20,931 | -€727 | -3.4% |
| Amounts payable | 17/49 | €460,187 | €410,099 | -€50,088 | -10.9% |
| Amounts payable within one year | 42/48 | €458,275 | €404,488 | -€53,787 | -11.7% |
| Trade debts | 44 | €5,601 | €14,383 | +€8,782 | +156.8% |
| Suppliers | 440/4 | €5,601 | €14,383 | +€8,782 | +156.8% |
| Taxes, remuneration and social security | 45 | €30,754 | €18,299 | -€12,455 | -40.5% |
| Taxes | 450/3 | €28,004 | €15,549 | -€12,455 | -44.5% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €421,919 | €371,806 | -€50,114 | -11.9% |
| Accrued charges and deferred income | 492/3 | €1,913 | €5,612 | +€3,699 | +193.4% |
| Operating income | 70/76A | €311,314 | €318,110 | +€6,796 | +2.2% |
| Turnover | 70 | €300,092 | €304,223 | +€4,131 | +1.4% |
| Other operating income | 74 | €11,222 | €13,887 | +€2,665 | +23.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €227,148 | €253,021 | +€25,873 | +11.4% |
| Services and other goods | 61 | €183,985 | €200,162 | +€16,177 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,991 | €46,605 | +€9,614 | +26.0% |
| Other operating charges | 640/8 | €6,172 | €6,253 | +€82 | +1.3% |
| Operating profit (loss) | 9901 | €84,166 | €65,089 | -€19,077 | -22.7% |
| Financial income | 75/76B | €154,610 | €33,692 | -€120,918 | -78.2% |
| Recurring financial income | 75 | €154,610 | €33,692 | -€120,918 | -78.2% |
| Income from current assets | 751 | €154,587 | €33,691 | -€120,896 | -78.2% |
| Other financial income | 752/9 | €23 | €1 | -€23 | -97.5% |
| Financial charges | 65/66B | €8,882 | €11,880 | +€2,998 | +33.8% |
| Recurring financial charges | 65 | €8,882 | €11,880 | +€2,998 | +33.8% |
| Debt charges | 650 | €14,991 | €11,459 | -€3,532 | -23.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€6,147 | €0 | +€6,147 | |
| Other financial charges | 652/9 | €38 | €421 | +€384 | +1023.4% |
| Profit (loss) for the period before taxes | 9903 | €229,894 | €86,901 | -€142,994 | -62.2% |
| Transfer from deferred taxes | 780 | €655 | €727 | +€72 | +11.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €124,193 | €24,160 | -€100,033 | -80.5% |
| Taxes | 670/3 | €124,193 | €24,160 | -€100,033 | -80.5% |
| Profit (loss) for the period | 9904 | €106,357 | €63,468 | -€42,889 | -40.3% |
| Transfer from tax-exempt reserves | 789 | €1,965 | €2,181 | +€216 | +11.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €108,322 | €65,649 | -€42,673 | -39.4% |
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 6 October 2026 via checked.be.