P.B.K.: 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.K.
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€226,140
2024 · €5.2m-€5.0m
Equity
€106.5m
2024 · €106.3m+€226,140
Cash
€1.3m
2024 · €338,060+€944,248
Balance sheet total
€106.6m
2024 · €106.4m+€215,647
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€5.1m
down €5.1m (-93.9%), from €5.4m to €331,358
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
€5.2m
Staff costs
-€1,245
Other operating items
-€442
Financial income
-€5.1m
Financial charges
-€126
Taxes
+€75,536
Result 2025
€226,140
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
+€444,248
Investment
+€500,000
Financing
€0
Cash 2024
€338,060
From operations (derived)
+€444,248
Net result for the year
+€226,140
Receivables after one year
+€294,608
Receivables within one year
-€66,007
Tax, wage and social debts
+€2,808
Accrued charges and deferred income
-€13,301
Investment (derived)
+€500,000
Current investments
+€500,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,357,757 | €106,573,404 | +€215,647 | +0.2% |
| Fixed assets | 21/28 | €91,202,615 | €91,202,615 | = | 0.0% |
| Financial fixed assets | 28 | €91,202,615 | €91,202,615 | = | 0.0% |
| Affiliated companies | 280/1 | €91,202,615 | €91,202,615 | = | 0.0% |
| Participating interests | 280 | €91,202,615 | €91,202,615 | = | 0.0% |
| Current assets | 29/58 | €15,155,141 | €15,370,788 | +€215,647 | +1.4% |
| Amounts receivable after more than one year | 29 | €11,726,159 | €11,431,551 | -€294,608 | -2.5% |
| Other amounts receivable | 291 | €11,726,159 | €11,431,551 | -€294,608 | -2.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €90,922 | €156,929 | +€66,007 | +72.6% |
| Other amounts receivable | 41 | €90,922 | €156,929 | +€66,007 | +72.6% |
| Current investments | 50/53 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Other investments | 51/53 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €338,060 | €1,282,308 | +€944,248 | +279.3% |
| Total equity and liabilities | 10/49 | €106,357,757 | €106,573,404 | +€215,647 | +0.2% |
| Equity | 10/15 | €106,318,596 | €106,544,736 | +€226,140 | +0.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €106,257,096 | €106,483,236 | +€226,140 | +0.2% |
| Non-distributable reserves | 130/1 | €291,425 | €291,425 | = | 0.0% |
| Legal reserve | 130 | €291,425 | €291,425 | = | 0.0% |
| Distributable reserves | 133 | €105,965,670 | €106,191,811 | +€226,140 | +0.2% |
| Amounts payable | 17/49 | €39,161 | €28,668 | -€10,493 | -26.8% |
| Amounts payable within one year | 42/48 | €5,820 | €8,629 | +€2,808 | +48.2% |
| Taxes, remuneration and social security | 45 | €5,820 | €8,629 | +€2,808 | +48.2% |
| Taxes | 450/3 | €5,820 | €6,032 | +€212 | +3.6% |
| Remuneration and social security | 454/9 | - | €2,597 | +€2,597 | |
| Accrued charges and deferred income | 492/3 | €33,340 | €20,039 | -€13,301 | -39.9% |
| Operating income | 70/76A | €123,000 | €126,690 | +€3,690 | +3.0% |
| Other operating income | 74 | €123,000 | €126,690 | +€3,690 | +3.0% |
| Operating charges | 60/66A | €149,810 | €155,187 | +€5,376 | +3.6% |
| Services and other goods | 61 | €149,748 | €153,880 | +€4,132 | +2.8% |
| Remuneration, social security and pensions | 62 | - | €1,245 | +€1,245 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Operating profit (loss) | 9901 | -€26,810 | -€28,497 | -€1,686 | -6.3% |
| Financial income | 75/76B | €5,403,037 | €331,358 | -€5.1m | -93.9% |
| Recurring financial income | 75 | €5,403,037 | €331,358 | -€5.1m | -93.9% |
| Income from financial fixed assets | 750 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Income from current assets | 751 | €403,037 | €331,358 | -€71,679 | -17.8% |
| Financial charges | 65/66B | €1,215 | €1,341 | +€126 | +10.4% |
| Recurring financial charges | 65 | €1,215 | €1,341 | +€126 | +10.4% |
| Debt charges | 650 | €39 | €61 | +€22 | +54.7% |
| Other financial charges | 652/9 | €1,175 | €1,280 | +€105 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,375,012 | €301,520 | -€5.1m | -94.4% |
| Income taxes | 67/77 | €150,916 | €75,380 | -€75,536 | -50.1% |
| Taxes | 670/3 | €150,916 | €75,380 | -€75,536 | -50.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €5,224,096 | €226,140 | -€5.0m | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,224,096 | €226,140 | -€5.0m | -95.7% |
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 10 October 2026 via checked.be.