P.B.M.: 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.M.
Largest movements
- Cash -€9,699
down €9,699 (-4.3%), from €227,031 to €217,332
mainly Net result for the year (-€6,009) and Accrued charges and deferred income (-€2,353)
- Profit (loss) carried forward -€6,009
down €6,009, from €0 to -€6,009
- Financial income -€10,975
down €10,975 (-85.0%), from €12,914 to €1,939
- Purchases and services -€8,600
no longer reported in 2025 (was €8,600)
- Gross operating margin +€2,538
up €2,538 (+29.5%), from -€8,600 to -€6,062
- Taxes +€745
up €745 (+372%), from €200 to €945
- Other operating charges +€283
up €283 (+53.0%), from €533 to €816
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 | €452,928 | €444,651 | -€8,277 | -1.8% |
| Current assets | 29/58 | €452,928 | €444,651 | -€8,277 | -1.8% |
| Amounts receivable within one year | 40/41 | €225,897 | €226,994 | +€1,097 | +0.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €225,897 | €226,994 | +€1,097 | +0.5% |
| Cash at bank and in hand | 54/58 | €227,031 | €217,332 | -€9,699 | -4.3% |
| Deferred charges and accrued income | 490/1 | - | €325 | +€325 | |
| Total equity and liabilities | 10/49 | €452,928 | €444,651 | -€8,277 | -1.8% |
| Equity | 10/15 | €446,641 | €440,632 | -€6,009 | -1.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €384,668 | €384,668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €378,470 | €378,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,009 | -€6,009 | |
| Amounts payable | 17/49 | €6,287 | €4,019 | -€2,267 | -36.1% |
| Amounts payable within one year | 42/48 | €200 | €286 | +€85 | +42.6% |
| Trade debts | 44 | €0 | €286 | +€286 | |
| Suppliers | 440/4 | €0 | €286 | +€286 | |
| Taxes, remuneration and social security | 45 | €200 | €0 | -€200 | -100% |
| Taxes | 450/3 | €200 | €0 | -€200 | -100% |
| Accrued charges and deferred income | 492/3 | €6,086 | €3,734 | -€2,353 | -38.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,600 | - | -€8,600 | |
| Other operating charges | 640/8 | €533 | €816 | +€283 | +53.0% |
| Gross operating margin | 9900 | -€8,600 | -€6,062 | +€2,538 | +29.5% |
| Operating profit (loss) | 9901 | -€9,133 | -€6,879 | +€2,255 | +24.7% |
| Financial income | 75/76B | €12,914 | €1,939 | -€10,975 | -85.0% |
| Recurring financial income | 75 | €12,914 | €1,939 | -€10,975 | -85.0% |
| Financial charges | 65/66B | €0 | €124 | +€124 | |
| Recurring financial charges | 65 | €0 | €124 | +€124 | |
| Profit (loss) for the period before taxes | 9903 | €3,780 | -€5,064 | -€8,845 | |
| Income taxes | 67/77 | €200 | €945 | +€745 | +372% |
| Profit (loss) for the period | 9904 | €3,580 | -€6,009 | -€9,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,580 | -€6,009 | -€9,589 |
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 14 October 2026 via checked.be.