P&B Group: 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.
What changed
P&B Group
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€597,347
2024 · €451,532+€145,815
Equity
€4.3m
2024 · €3.7m+€597,347
Cash
€966,640
2024 · €195,105+€771,535
Balance sheet total
€20.3m
2024 · €16.2m+€4.1m
Largest movements
Assets
- Receivables within one year +€2.3m
up €2.3m (+17.6%), from €13.0m to €15.2m
of which Trade receivables: +€1.3m
- Cash +€771,535
up €771,535 (+395%), from €195,105 to €966,640
mainly Trade debts (+€2.6m) and Short-term financial debts (+€1.6m)
- Stocks and contracts +€729,877
up €729,877 (+29.9%), from €2.4m to €3.2m
- Tangible fixed assets +€253,379
up €253,379 (+46.2%), from €547,946 to €801,325
of which Plant, machinery and equipment: +€329,457
Equity and liabilities
- Trade debts +€2.6m
up €2.6m (+50.9%), from €5.1m to €7.7m
- Short-term financial debts +€1.6m
up €1.6m (+62.1%), from €2.7m to €4.3m
- Accrued charges and deferred income -€600,221
down €600,221 (-70.7%), from €848,765 to €248,543
- Profit (loss) carried forward +€597,347
up €597,347 (+38.3%), from €1.6m to €2.2m
- Tax, wage and social debts +€221,059
up €221,059 (+46.2%), from €478,021 to €699,080
of which Remuneration and social security: +€113,781
Income statement
- Turnover -€4.4m
down €4.4m (-15.9%), from €27.4m to €23.1m
- Goods and materials -€3.8m
down €3.8m (-20.0%), from €19.0m to €15.2m
of which Purchases: -€2.5m
- Services and other goods -€883,555
down €883,555 (-11.5%), from €7.7m to €6.8m
- Staff costs +€544,301
up €544,301 (+19.9%), from €2.7m to €3.3m
- Write-downs -€321,844
down €321,844, from €9,473 to -€312,371
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
€451,532
Turnover
-€4.4m
Other operating income
-€10,967
Goods and materials
+€3.8m
Services and other goods
+€883,555
Staff costs
-€544,301
Depreciation
-€37,961
Write-downs
+€321,844
Provisions
+€30,688
Other operating charges
-€12,040
Other operating items
-€35,659
Financial income
+€74,067
Financial charges
+€47,713
Taxes
-€5,882
Result 2025
€597,347
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€393,049
Investment
-€412,136
Financing
+€1.6m
Cash 2024
€195,105
From operations (derived)
-€393,049
Net result for the year
+€597,347
Depreciation
+€158,756
Stocks and contracts
-€729,877
Receivables within one year
-€2.3m
Deferred charges and accrued income
-€90,771
Provisions
-€41,000
Trade debts
+€2.6m
Tax, wage and social debts
+€221,059
Other debts
-€218,375
Accrued charges and deferred income
-€600,221
Investment (derived)
-€412,136
Investment in fixed assets (net)
-€412,136
Financing
+€1.6m
Debts after one year
-€72,169
Current portion of long-term debt
+€916
Short-term financial debts
+€1.6m
Cash 2025
€966,640
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,159,784 | €20,284,909 | +€4.1m | +25.5% |
| Fixed assets | 21/28 | €550,022 | €803,401 | +€253,379 | +46.1% |
| Tangible fixed assets | 22/27 | €547,946 | €801,325 | +€253,379 | +46.2% |
| Plant, machinery and equipment | 23 | €155,177 | €484,634 | +€329,457 | +212% |
| Furniture and vehicles | 24 | €45,113 | €29,868 | -€15,244 | -33.8% |
| Other tangible fixed assets | 26 | €347,656 | €286,822 | -€60,834 | -17.5% |
| Financial fixed assets | 28 | €2,076 | €2,076 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,076 | €2,076 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,076 | €2,076 | = | 0.0% |
| Current assets | 29/58 | €15,609,762 | €19,481,508 | +€3.9m | +24.8% |
| Stocks and contracts in progress | 3 | €2,440,248 | €3,170,125 | +€729,877 | +29.9% |
| Stocks | 30/36 | €2,440,248 | €3,170,125 | +€729,877 | +29.9% |
| Work in progress | 32 | €46,884 | €60,740 | +€13,857 | +29.6% |
| Goods purchased for resale | 34 | €2,393,364 | €3,109,385 | +€716,020 | +29.9% |
| Amounts receivable within one year | 40/41 | €12,957,036 | €15,236,600 | +€2.3m | +17.6% |
| Trade receivables | 40 | €9,056,470 | €10,358,588 | +€1.3m | +14.4% |
| Other amounts receivable | 41 | €3,900,567 | €4,878,012 | +€977,445 | +25.1% |
| Cash at bank and in hand | 54/58 | €195,105 | €966,640 | +€771,535 | +395% |
| Deferred charges and accrued income | 490/1 | €17,373 | €108,143 | +€90,771 | +522% |
| Total equity and liabilities | 10/49 | €16,159,784 | €20,284,909 | +€4.1m | +25.5% |
| Equity | 10/15 | €3,680,923 | €4,278,269 | +€597,347 | +16.2% |
| Contributions | 10/11 | €62,501 | €62,501 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,001 | €1,001 | = | 0.0% |
| Share premium | 1100/10 | €1,001 | €1,001 | = | 0.0% |
| Reserves | 13 | €2,059,110 | €2,059,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €581,290 | €581,290 | = | 0.0% |
| Distributable reserves | 133 | €1,471,670 | €1,471,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,559,311 | €2,156,658 | +€597,347 | +38.3% |
| Provisions and deferred taxes | 16 | €94,073 | €53,073 | -€41,000 | -43.6% |
| Provisions for liabilities and charges | 160/5 | €94,073 | €53,073 | -€41,000 | -43.6% |
| Other liabilities and charges | 164/5 | €94,073 | €53,073 | -€41,000 | -43.6% |
| Amounts payable | 17/49 | €12,384,789 | €15,953,567 | +€3.6m | +28.8% |
| Amounts payable after more than one year | 17 | €231,733 | €159,564 | -€72,169 | -31.1% |
| Financial debts | 170/4 | €231,733 | €159,564 | -€72,169 | -31.1% |
| Credit institutions | 173 | €231,733 | €159,564 | -€72,169 | -31.1% |
| Amounts payable within one year | 42/48 | €11,304,291 | €15,545,460 | +€4.2m | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €71,253 | €72,169 | +€916 | +1.3% |
| Financial debts | 43 | €2,655,685 | €4,303,658 | +€1.6m | +62.1% |
| Credit institutions | 430/8 | €2,655,685 | €4,303,658 | +€1.6m | +62.1% |
| Trade debts | 44 | €5,091,630 | €7,681,227 | +€2.6m | +50.9% |
| Suppliers | 440/4 | €5,091,630 | €7,681,227 | +€2.6m | +50.9% |
| Taxes, remuneration and social security | 45 | €478,021 | €699,080 | +€221,059 | +46.2% |
| Taxes | 450/3 | €122,800 | €230,078 | +€107,278 | +87.4% |
| Remuneration and social security | 454/9 | €355,221 | €469,001 | +€113,781 | +32.0% |
| Other amounts payable | 47/48 | €3,007,701 | €2,789,326 | -€218,375 | -7.3% |
| Accrued charges and deferred income | 492/3 | €848,765 | €248,543 | -€600,221 | -70.7% |
| Operating income | 70/76A | €30,315,682 | €25,917,573 | -€4.4m | -14.5% |
| Turnover | 70 | €27,417,605 | €23,066,122 | -€4.4m | -15.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €35,659 | - | -€35,659 | |
| Other operating income | 74 | €2,862,419 | €2,851,451 | -€10,967 | -0.4% |
| Operating charges | 60/66A | €29,687,533 | €25,259,507 | -€4.4m | -14.9% |
| Goods for resale, raw materials and consumables | 60 | €18,964,020 | €15,177,779 | -€3.8m | -20.0% |
| Purchases | 600/8 | €18,221,546 | €15,720,324 | -€2.5m | -13.7% |
| Change in stocks: decrease (increase) | 609 | €742,474 | -€542,545 | -€1.3m | |
| Services and other goods | 61 | €7,695,349 | €6,811,794 | -€883,555 | -11.5% |
| Remuneration, social security and pensions | 62 | €2,734,663 | €3,278,965 | +€544,301 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,796 | €158,756 | +€37,961 | +31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,473 | -€312,371 | -€321,844 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €41,000 | €10,312 | -€30,688 | -74.8% |
| Other operating charges | 640/8 | €122,233 | €134,272 | +€12,040 | +9.8% |
| Operating profit (loss) | 9901 | €628,149 | €658,066 | +€29,917 | +4.8% |
| Financial income | 75/76B | €164,432 | €238,499 | +€74,067 | +45.0% |
| Recurring financial income | 75 | €163,927 | €235,465 | +€71,539 | +43.6% |
| Income from current assets | 751 | €137,182 | €158,769 | +€21,587 | +15.7% |
| Other financial income | 752/9 | €26,745 | €76,696 | +€49,952 | +187% |
| Non-recurring financial income | 76B | €505 | €3,034 | +€2,529 | +501% |
| Financial charges | 65/66B | €310,689 | €262,975 | -€47,713 | -15.4% |
| Recurring financial charges | 65 | €310,689 | €262,975 | -€47,713 | -15.4% |
| Debt charges | 650 | €108,574 | €90,224 | -€18,350 | -16.9% |
| Other financial charges | 652/9 | €202,115 | €172,751 | -€29,363 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €481,893 | €633,590 | +€151,697 | +31.5% |
| Income taxes | 67/77 | €30,361 | €36,243 | +€5,882 | +19.4% |
| Taxes | 670/3 | €59,481 | €56,678 | -€2,802 | -4.7% |
| Tax adjustments and reversals of tax provisions | 77 | €29,120 | €20,435 | -€8,685 | -29.8% |
| Profit (loss) for the period | 9904 | €451,532 | €597,347 | +€145,815 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €451,532 | €597,347 | +€145,815 | +32.3% |
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 15 October 2026 via checked.be.