P&B SERVICE: 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 SERVICE
Largest movements
- Receivables within one year -€226,309
down €226,309 (-63.4%), from €356,731 to €130,422
of which Trade receivables: -€219,087
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash +€43,347
up €43,347 (+63.5%), from €68,249 to €111,596
mainly Receivables within one year (+€226,309) and Depreciation (+€42,144)
- Tangible fixed assets -€42,144
down €42,144 (-15.0%), from €281,174 to €239,030
of which Land and buildings: -€23,630
- Deferred charges and accrued income +€12,507
up €12,507 (+102%), from €12,220 to €24,727
- Tax, wage and social debts +€16,467
up €16,467 (+236%), from €6,985 to €23,452
- Debts after one year -€15,304
down €15,304 (-38.7%), from €39,544 to €24,240
- Other debts -€14,007
down €14,007 (-8.8%), from €159,630 to €145,623
- Reserves +€11,156
up €11,156 (+2.1%), from €519,729 to €530,885
of which Distributable reserves: +€11,156
- Trade debts -€9,639
down €9,639 (-32.1%), from €30,001 to €20,362
- Gross operating margin -€157,590
down €157,590 (-39.9%), from €395,280 to €237,690
- Staff costs -€54,218
down €54,218 (-24.9%), from €218,117 to €163,899
- Taxes -€19,494
down €19,494 (-80.8%), from €24,128 to €4,634
- Depreciation -€15,608
down €15,608 (-27.0%), from €57,753 to €42,144
- Financial income +€9,987
up €9,987 (+77,782%), from €13 to €10,000
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 | €808,586 | €798,701 | -€9,885 | -1.2% |
| Fixed assets | 21/28 | €281,174 | €239,030 | -€42,144 | -15.0% |
| Tangible fixed assets | 22/27 | €281,174 | €239,030 | -€42,144 | -15.0% |
| Land and buildings | 22 | €182,780 | €159,150 | -€23,630 | -12.9% |
| Plant, machinery and equipment | 23 | €5,495 | €2,873 | -€2,622 | -47.7% |
| Other tangible fixed assets | 26 | €92,899 | €77,007 | -€15,892 | -17.1% |
| Current assets | 29/58 | €527,411 | €559,671 | +€32,260 | +6.1% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €90,210 | €92,925 | +€2,715 | +3.0% |
| Stocks | 30/36 | €90,210 | €92,925 | +€2,715 | +3.0% |
| Amounts receivable within one year | 40/41 | €356,731 | €130,422 | -€226,309 | -63.4% |
| Trade receivables | 40 | €341,115 | €122,027 | -€219,087 | -64.2% |
| Other amounts receivable | 41 | €15,617 | €8,395 | -€7,222 | -46.2% |
| Cash at bank and in hand | 54/58 | €68,249 | €111,596 | +€43,347 | +63.5% |
| Deferred charges and accrued income | 490/1 | €12,220 | €24,727 | +€12,507 | +102% |
| Total equity and liabilities | 10/49 | €808,586 | €798,701 | -€9,885 | -1.2% |
| Equity | 10/15 | €553,229 | €564,385 | +€11,156 | +2.0% |
| Contributions | 10/11 | €33,500 | €33,500 | = | 0.0% |
| Reserves | 13 | €519,729 | €530,885 | +€11,156 | +2.1% |
| Tax-exempt reserves | 132 | €49,323 | €49,323 | = | 0.0% |
| Distributable reserves | 133 | €470,406 | €481,562 | +€11,156 | +2.4% |
| Amounts payable | 17/49 | €255,356 | €234,316 | -€21,041 | -8.2% |
| Amounts payable after more than one year | 17 | €39,544 | €24,240 | -€15,304 | -38.7% |
| Financial debts | 170/4 | €39,544 | €24,240 | -€15,304 | -38.7% |
| Amounts payable within one year | 42/48 | €211,268 | €204,741 | -€6,527 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €14,652 | €15,304 | +€652 | +4.4% |
| Trade debts | 44 | €30,001 | €20,362 | -€9,639 | -32.1% |
| Suppliers | 440/4 | €30,001 | €20,362 | -€9,639 | -32.1% |
| Taxes, remuneration and social security | 45 | €6,985 | €23,452 | +€16,467 | +236% |
| Taxes | 450/3 | €6,985 | €23,452 | +€16,467 | +236% |
| Other amounts payable | 47/48 | €159,630 | €145,623 | -€14,007 | -8.8% |
| Accrued charges and deferred income | 492/3 | €4,544 | €5,334 | +€790 | +17.4% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €218,117 | €163,899 | -€54,218 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,753 | €42,144 | -€15,608 | -27.0% |
| Other operating charges | 640/8 | €19,834 | €15,213 | -€4,621 | -23.3% |
| Gross operating margin | 9900 | €395,280 | €237,690 | -€157,590 | -39.9% |
| Operating profit (loss) | 9901 | €99,577 | €16,434 | -€83,142 | -83.5% |
| Financial income | 75/76B | €13 | €10,000 | +€9,987 | +77,782% |
| Recurring financial income | 75 | €13 | €10,000 | +€9,987 | +77,782% |
| Financial charges | 65/66B | €9,408 | €10,644 | +€1,236 | +13.1% |
| Recurring financial charges | 65 | €9,408 | €10,644 | +€1,236 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €90,181 | €15,790 | -€74,391 | -82.5% |
| Income taxes | 67/77 | €24,128 | €4,634 | -€19,494 | -80.8% |
| Profit (loss) for the period | 9904 | €66,053 | €11,156 | -€54,897 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,053 | €11,156 | -€54,897 | -83.1% |
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.