P.B. PROJECT BEHEER: 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. PROJECT BEHEER
Largest movements
- Current investments +€77,887
up €77,887 (+13.6%), from €573,869 to €651,756
- Receivables within one year -€28,139
down €28,139 (-50.8%), from €55,351 to €27,212
- Tangible fixed assets -€9,838
down €9,838 (-63.4%), from €15,513 to €5,675
of which Furniture and vehicles: -€9,266
- Reserves +€59,691
up €59,691 (+8.8%), from €674,934 to €734,625
of which Distributable reserves: +€59,691
- Gross operating margin -€43,154
down €43,154 (-28.8%), from €149,586 to €106,432
- Taxes -€16,230
down €16,230 (-31.2%), from €52,035 to €35,805
- Financial charges +€8,591
up €8,591 (+925%), from €929 to €9,519
- Depreciation +€3,807
up €3,807 (+63.1%), from €6,030 to €9,838
- Financial income +€2,545
up €2,545 (+12.8%), from €19,813 to €22,358
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.
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 | €732,231 | €782,203 | +€49,972 | +6.8% |
| Fixed assets | 21/28 | €15,513 | €5,675 | -€9,838 | -63.4% |
| Tangible fixed assets | 22/27 | €15,513 | €5,675 | -€9,838 | -63.4% |
| Plant, machinery and equipment | 23 | €1,506 | €935 | -€572 | -37.9% |
| Furniture and vehicles | 24 | €14,006 | €4,740 | -€9,266 | -66.2% |
| Current assets | 29/58 | €716,718 | €776,528 | +€59,810 | +8.3% |
| Amounts receivable within one year | 40/41 | €55,351 | €27,212 | -€28,139 | -50.8% |
| Trade receivables | 40 | €55,351 | €27,212 | -€28,139 | -50.8% |
| Current investments | 50/53 | €573,869 | €651,756 | +€77,887 | +13.6% |
| Cash at bank and in hand | 54/58 | €87,498 | €92,228 | +€4,731 | +5.4% |
| Deferred charges and accrued income | 490/1 | - | €5,332 | +€5,332 | |
| Total equity and liabilities | 10/49 | €732,231 | €782,203 | +€49,972 | +6.8% |
| Equity | 10/15 | €687,334 | €747,025 | +€59,691 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €674,934 | €734,625 | +€59,691 | +8.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €672,934 | €732,625 | +€59,691 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,897 | €35,178 | -€9,719 | -21.6% |
| Amounts payable within one year | 42/48 | €44,897 | €33,578 | -€11,319 | -25.2% |
| Trade debts | 44 | €4,072 | €1,469 | -€2,603 | -63.9% |
| Suppliers | 440/4 | €4,072 | €1,469 | -€2,603 | -63.9% |
| Taxes, remuneration and social security | 45 | €33,026 | €27,471 | -€5,555 | -16.8% |
| Taxes | 450/3 | €33,026 | €27,471 | -€5,555 | -16.8% |
| Other amounts payable | 47/48 | €7,799 | €4,638 | -€3,161 | -40.5% |
| Accrued charges and deferred income | 492/3 | - | €1,599 | +€1,599 | |
| Remuneration, social security and pensions | 62 | €988 | €1,171 | +€183 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,030 | €9,838 | +€3,807 | +63.1% |
| Other operating charges | 640/8 | €1,298 | €1,536 | +€237 | +18.3% |
| Gross operating margin | 9900 | €149,586 | €106,432 | -€43,154 | -28.8% |
| Operating profit (loss) | 9901 | €141,269 | €93,887 | -€47,381 | -33.5% |
| Financial income | 75/76B | €19,813 | €22,358 | +€2,545 | +12.8% |
| Recurring financial income | 75 | €19,813 | €22,358 | +€2,545 | +12.8% |
| Financial charges | 65/66B | €929 | €9,519 | +€8,591 | +925% |
| Recurring financial charges | 65 | €929 | €9,519 | +€8,591 | +925% |
| Profit (loss) for the period before taxes | 9903 | €160,153 | €106,726 | -€53,427 | -33.4% |
| Income taxes | 67/77 | €52,035 | €35,805 | -€16,230 | -31.2% |
| Profit (loss) for the period | 9904 | €108,118 | €70,921 | -€37,197 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,118 | €70,921 | -€37,197 | -34.4% |
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 25 October 2026 via checked.be.