PM CONCEPT: what changed
What changed
PM CONCEPT
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€7,442
2024 · €489+€6,953
Equity
€152,888
2024 · €145,447+€7,442
Cash
€10,872
2024 · €24,140-€13,268
Balance sheet total
€772,307
2024 · €836,960-€64,653
Largest movements
Assets
- Tangible fixed assets -€53,418
down €53,418 (-6.6%), from €804,892 to €751,474
- Cash -€13,268
down €13,268 (-55.0%), from €24,140 to €10,872
mainly Debts after one year (-€75,221) and Provisions (-€5,268)
Equity and liabilities
- Debts after one year -€75,221
down €75,221 (-13.8%), from €546,964 to €471,743
of which Financial debts: -€69,221
- Tax, wage and social debts +€9,032
up €9,032 (+273%), from €3,303 to €12,335
Income statement
- Gross operating margin +€11,661
up €11,661 (+14.2%), from €82,132 to €93,793
- Taxes +€10,798
up €10,798 (+693%), from €1,558 to €12,356
- Financial charges -€6,490
down €6,490 (-33.7%), from €19,234 to €12,744
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€489
Gross operating margin
+€11,661
Other operating charges
-€399
Financial income
-€1
Financial charges
+€6,490
Taxes
-€10,798
Result 2025
€7,442
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,263
Investment
€0
Financing
-€73,531
Cash 2024
€24,140
From operations (derived)
+€60,263
Net result for the year
+€7,442
Depreciation
+€53,418
Receivables within one year
-€3,045
Deferred charges and accrued income
+€1,012
Provisions
-€5,268
Trade debts
-€50
Tax, wage and social debts
+€9,032
Accrued charges and deferred income
-€2,278
Financing
-€73,531
Debts after one year
-€75,221
Current portion of long-term debt
+€1,690
Cash 2025
€10,872
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €836,960 | €772,307 | -€64,653 | -7.7% |
| Fixed assets | 21/28 | €806,392 | €752,974 | -€53,418 | -6.6% |
| Tangible fixed assets | 22/27 | €804,892 | €751,474 | -€53,418 | -6.6% |
| Land and buildings | 22 | €804,892 | €751,474 | -€53,418 | -6.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €30,568 | €19,333 | -€11,235 | -36.8% |
| Amounts receivable within one year | 40/41 | €4,215 | €7,260 | +€3,045 | +72.2% |
| Trade receivables | 40 | €3,630 | €7,260 | +€3,630 | +100% |
| Other amounts receivable | 41 | €585 | - | -€585 | |
| Cash at bank and in hand | 54/58 | €24,140 | €10,872 | -€13,268 | -55.0% |
| Deferred charges and accrued income | 490/1 | €2,213 | €1,200 | -€1,012 | -45.8% |
| Total equity and liabilities | 10/49 | €836,960 | €772,307 | -€64,653 | -7.7% |
| Equity | 10/15 | €145,447 | €152,888 | +€7,442 | +5.1% |
| Contributions | 10/11 | €56,285 | €56,285 | = | 0.0% |
| Reserves | 13 | €166,580 | €173,771 | +€7,191 | +4.3% |
| Tax-exempt reserves | 132 | €126,580 | €108,771 | -€17,809 | -14.1% |
| Distributable reserves | 133 | €40,000 | €65,000 | +€25,000 | +62.5% |
| Profit (loss) carried forward | 14 | -€77,417 | -€77,167 | +€250 | +0.3% |
| Provisions and deferred taxes | 16 | €68,650 | €63,383 | -€5,268 | -7.7% |
| Deferred taxes | 168 | €68,650 | €63,383 | -€5,268 | -7.7% |
| Amounts payable | 17/49 | €622,863 | €556,036 | -€66,827 | -10.7% |
| Amounts payable after more than one year | 17 | €546,964 | €471,743 | -€75,221 | -13.8% |
| Financial debts | 170/4 | €474,664 | €405,443 | -€69,221 | -14.6% |
| Other amounts payable | 178/9 | €72,300 | €66,300 | -€6,000 | -8.3% |
| Amounts payable within one year | 42/48 | €73,108 | €83,780 | +€10,671 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €69,755 | €71,445 | +€1,690 | +2.4% |
| Trade debts | 44 | €50 | - | -€50 | |
| Suppliers | 440/4 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €3,303 | €12,335 | +€9,032 | +273% |
| Taxes | 450/3 | €3,303 | €12,335 | +€9,032 | +273% |
| Accrued charges and deferred income | 492/3 | €2,790 | €513 | -€2,278 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,418 | €53,418 | = | 0.0% |
| Other operating charges | 640/8 | €12,701 | €13,100 | +€399 | +3.1% |
| Gross operating margin | 9900 | €82,132 | €93,793 | +€11,661 | +14.2% |
| Operating profit (loss) | 9901 | €16,012 | €27,274 | +€11,262 | +70.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €19,234 | €12,744 | -€6,490 | -33.7% |
| Recurring financial charges | 65 | €19,234 | €12,744 | -€6,490 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,221 | €14,530 | +€17,751 | |
| Transfer from deferred taxes | 780 | €5,268 | €5,268 | = | 0.0% |
| Income taxes | 67/77 | €1,558 | €12,356 | +€10,798 | +693% |
| Profit (loss) for the period | 9904 | €489 | €7,442 | +€6,953 | +1,423% |
| Transfer from tax-exempt reserves | 789 | €17,809 | €17,809 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,297 | €25,250 | +€6,953 | +38.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.