P.B. CASUAL: 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.
P.B. CASUAL
Largest movements
- Tangible fixed assets +€2.1m
up €2.1m (+77.7%), from €2.7m to €4.7m
of which Land and buildings: +€3.6m
- Receivables within one year -€233,792
down €233,792 (-46.6%), from €501,667 to €267,875
of which Trade receivables: -€273,923
- Stocks and contracts +€67,013
up €67,013 (+158%), from €42,327 to €109,339
- Debts after one year +€1.7m
up €1.7m (+107%), from €1.6m to €3.2m
of which Financial debts: +€1.5m
- Other debts +€295,338
up €295,338 (+78.7%), from €375,285 to €670,623
- Trade debts -€219,001
down €219,001 (-28.9%), from €757,051 to €538,049
- Reserves +€124,073
up €124,073 (+32.9%), from €377,113 to €501,186
- Gross operating margin +€137,832
up €137,832 (+53.5%), from €257,682 to €395,514
- Other operating charges +€94,574
up €94,574 (+601%), from €15,738 to €110,312
- Financial charges +€57,468
up €57,468 (+263%), from €21,845 to €79,313
- Depreciation +€34,450
up €34,450 (+98.5%), from €34,988 to €69,438
- Taxes +€5,234
up €5,234 (+73.0%), from €7,174 to €12,407
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 | €3,236,729 | €5,151,643 | +€1.9m | +59.2% |
| Fixed assets | 21/28 | €2,669,809 | €4,744,107 | +€2.1m | +77.7% |
| Tangible fixed assets | 22/27 | €2,669,809 | €4,744,107 | +€2.1m | +77.7% |
| Land and buildings | 22 | €1,184,575 | €4,742,922 | +€3.6m | +300% |
| Plant, machinery and equipment | 23 | - | €1,184 | +€1,184 | |
| Assets under construction and advance payments | 27 | €1,485,234 | €0 | -€1.5m | -100% |
| Current assets | 29/58 | €566,920 | €407,536 | -€159,383 | -28.1% |
| Stocks and contracts in progress | 3 | €42,327 | €109,339 | +€67,013 | +158% |
| Stocks | 30/36 | €42,327 | €109,339 | +€67,013 | +158% |
| Amounts receivable within one year | 40/41 | €501,667 | €267,875 | -€233,792 | -46.6% |
| Trade receivables | 40 | €490,145 | €216,222 | -€273,923 | -55.9% |
| Other amounts receivable | 41 | €11,522 | €51,654 | +€40,131 | +348% |
| Cash at bank and in hand | 54/58 | €15,324 | €26,871 | +€11,547 | +75.4% |
| Deferred charges and accrued income | 490/1 | €7,602 | €3,451 | -€4,151 | -54.6% |
| Total equity and liabilities | 10/49 | €3,236,729 | €5,151,643 | +€1.9m | +59.2% |
| Equity | 10/15 | €395,713 | €519,786 | +€124,073 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,113 | €501,186 | +€124,073 | +32.9% |
| Distributable reserves | 133 | €377,113 | €501,186 | +€124,073 | +32.9% |
| Amounts payable | 17/49 | €2,841,016 | €4,631,857 | +€1.8m | +63.0% |
| Amounts payable after more than one year | 17 | €1,566,100 | €3,239,453 | +€1.7m | +107% |
| Financial debts | 170/4 | €1,566,100 | €3,085,453 | +€1.5m | +97.0% |
| Other amounts payable | 178/9 | - | €154,000 | +€154,000 | |
| Amounts payable within one year | 42/48 | €1,261,628 | €1,374,145 | +€112,517 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €129,292 | €165,472 | +€36,180 | +28.0% |
| Trade debts | 44 | €757,051 | €538,049 | -€219,001 | -28.9% |
| Suppliers | 440/4 | €757,051 | €538,049 | -€219,001 | -28.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €375,285 | €670,623 | +€295,338 | +78.7% |
| Accrued charges and deferred income | 492/3 | €13,288 | €18,259 | +€4,971 | +37.4% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,988 | €69,438 | +€34,450 | +98.5% |
| Other operating charges | 640/8 | €15,738 | €110,312 | +€94,574 | +601% |
| Non-recurring operating charges | 66A | €106,200 | €0 | -€106,200 | -100% |
| Gross operating margin | 9900 | €257,682 | €395,514 | +€137,832 | +53.5% |
| Operating profit (loss) | 9901 | €100,756 | €215,763 | +€115,007 | +114% |
| Financial income | 75/76B | €1 | €31 | +€30 | +2,068% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +2,068% |
| Financial charges | 65/66B | €21,845 | €79,313 | +€57,468 | +263% |
| Recurring financial charges | 65 | €21,845 | €79,313 | +€57,468 | +263% |
| Profit (loss) for the period before taxes | 9903 | €78,912 | €136,481 | +€57,568 | +73.0% |
| Income taxes | 67/77 | €7,174 | €12,407 | +€5,234 | +73.0% |
| Profit (loss) for the period | 9904 | €71,738 | €124,073 | +€52,335 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,738 | €124,073 | +€52,335 | +73.0% |
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 29 October 2026 via checked.be.