P.B.MEX: 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.MEX
Largest movements
- Cash +€52,778
up €52,778 (+451%), from €11,698 to €64,476
mainly Net result for the year (+€74,147) and Receivables within one year (+€42,386)
- Receivables within one year -€42,386
down €42,386 (-55.4%), from €76,453 to €34,067
- Tangible fixed assets -€19,935
down €19,935 (-6.7%), from €298,689 to €278,754
of which Land and buildings: -€20,225
- Debts after one year -€24,328
down €24,328 (-12.2%), from €198,694 to €174,366
- Tax, wage and social debts +€12,492
up €12,492 (+23.7%), from €52,645 to €65,137
of which Taxes: +€12,492
- Other debts -€10,477
no longer reported in 2025 (was €10,477)
- Reserves +€6,991
up €6,991 (+8.8%), from €79,094 to €86,084
- Trade debts +€6,593
up €6,593 (+828%), from €797 to €7,389
- Gross operating margin +€19,755
up €19,755 (+11.7%), from €168,951 to €188,706
- Financial charges -€9,849
down €9,849 (-13.1%), from €75,269 to €65,420
- Taxes +€4,062
up €4,062 (+22.1%), from €18,415 to €22,477
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 | €387,819 | €379,472 | -€8,348 | -2.2% |
| Fixed assets | 21/28 | €298,689 | €278,754 | -€19,935 | -6.7% |
| Tangible fixed assets | 22/27 | €298,689 | €278,754 | -€19,935 | -6.7% |
| Land and buildings | 22 | €291,582 | €271,357 | -€20,225 | -6.9% |
| Plant, machinery and equipment | 23 | €529 | €339 | -€190 | -35.9% |
| Furniture and vehicles | 24 | €6,578 | €7,058 | +€480 | +7.3% |
| Current assets | 29/58 | €89,130 | €100,717 | +€11,587 | +13.0% |
| Amounts receivable within one year | 40/41 | €76,453 | €34,067 | -€42,386 | -55.4% |
| Trade receivables | 40 | €76,453 | €34,067 | -€42,386 | -55.4% |
| Cash at bank and in hand | 54/58 | €11,698 | €64,476 | +€52,778 | +451% |
| Deferred charges and accrued income | 490/1 | €980 | €2,174 | +€1,195 | +122% |
| Total equity and liabilities | 10/49 | €387,819 | €379,472 | -€8,348 | -2.2% |
| Equity | 10/15 | €101,260 | €108,251 | +€6,991 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,094 | €86,084 | +€6,991 | +8.8% |
| Distributable reserves | 133 | €79,094 | €86,084 | +€6,991 | +8.8% |
| Profit (loss) carried forward | 14 | €9,767 | €9,767 | = | 0.0% |
| Amounts payable | 17/49 | €286,559 | €271,221 | -€15,338 | -5.4% |
| Amounts payable after more than one year | 17 | €198,694 | €174,366 | -€24,328 | -12.2% |
| Financial debts | 170/4 | €198,694 | €174,366 | -€24,328 | -12.2% |
| Amounts payable within one year | 42/48 | €87,865 | €96,854 | +€8,990 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €23,946 | €24,328 | +€382 | +1.6% |
| Trade debts | 44 | €797 | €7,389 | +€6,593 | +828% |
| Suppliers | 440/4 | €797 | €7,389 | +€6,593 | +828% |
| Taxes, remuneration and social security | 45 | €52,645 | €65,137 | +€12,492 | +23.7% |
| Taxes | 450/3 | €47,645 | €60,137 | +€12,492 | +26.2% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,477 | - | -€10,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,192 | €23,968 | +€776 | +3.3% |
| Other operating charges | 640/8 | €1,846 | €2,694 | +€848 | +46.0% |
| Gross operating margin | 9900 | €168,951 | €188,706 | +€19,755 | +11.7% |
| Operating profit (loss) | 9901 | €143,913 | €162,044 | +€18,131 | +12.6% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.3% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.3% |
| Financial charges | 65/66B | €75,269 | €65,420 | -€9,849 | -13.1% |
| Recurring financial charges | 65 | €75,269 | €65,420 | -€9,849 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €68,649 | €96,624 | +€27,975 | +40.8% |
| Income taxes | 67/77 | €18,415 | €22,477 | +€4,062 | +22.1% |
| Profit (loss) for the period | 9904 | €50,234 | €74,147 | +€23,913 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,234 | €74,147 | +€23,913 | +47.6% |
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.