PABI: what changed
Two fiscal 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.
PABI
Largest movements
- Receivables within one year +€8,783
up €8,783 (+70.3%), from €12,487 to €21,270
of which Other amounts receivable: +€8,658
- Cash +€1,404
up €1,404 (+3.8%), from €36,717 to €38,121
mainly Net result for the year (+€7,585) and Other debts (+€2,559)
- Deferred charges and accrued income +€1,131
new in 2025: €1,131
- Intangible fixed assets -€1,000
down €1,000 (-51.1%), from €1,958 to €958
- Reserves +€7,585
up €7,585 (+29.9%), from €25,375 to €32,960
- Other debts +€2,559
up €2,559 (+14.3%), from €17,902 to €20,461
- Gross operating margin -€8,957
down €8,957 (-36.8%), from €24,362 to €15,405
- Taxes -€2,810
down €2,810 (-43.5%), from €6,462 to €3,652
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,174 | €61,480 | +€10,306 | +20.1% |
| Fixed assets | 21/28 | €1,970 | €958 | -€1,012 | -51.4% |
| Intangible fixed assets | 21 | €1,958 | €958 | -€1,000 | -51.1% |
| Tangible fixed assets | 22/27 | €12 | - | -€12 | |
| Furniture and vehicles | 24 | €12 | - | -€12 | |
| Current assets | 29/58 | €49,204 | €60,522 | +€11,318 | +23.0% |
| Amounts receivable within one year | 40/41 | €12,487 | €21,270 | +€8,783 | +70.3% |
| Trade receivables | 40 | €9,640 | €9,765 | +€125 | +1.3% |
| Other amounts receivable | 41 | €2,847 | €11,505 | +€8,658 | +304.1% |
| Cash at bank and in hand | 54/58 | €36,717 | €38,121 | +€1,404 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €1,131 | +€1,131 | |
| Total equity and liabilities | 10/49 | €51,174 | €61,480 | +€10,306 | +20.1% |
| Equity | 10/15 | €30,375 | €37,960 | +€7,585 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,375 | €32,960 | +€7,585 | +29.9% |
| Distributable reserves | 133 | €25,375 | €32,960 | +€7,585 | +29.9% |
| Amounts payable | 17/49 | €20,799 | €23,520 | +€2,721 | +13.1% |
| Amounts payable within one year | 42/48 | €20,799 | €23,520 | +€2,721 | +13.1% |
| Trade debts | 44 | €713 | €857 | +€144 | +20.2% |
| Suppliers | 440/4 | €713 | €857 | +€144 | +20.2% |
| Taxes, remuneration and social security | 45 | €2,184 | €2,202 | +€18 | +0.8% |
| Remuneration and social security | 454/9 | €2,184 | €2,202 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €17,902 | €20,461 | +€2,559 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €1,012 | -€137 | -11.9% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €24,362 | €15,405 | -€8,957 | -36.8% |
| Operating profit (loss) | 9901 | €22,826 | €13,993 | -€8,833 | -38.7% |
| Financial charges | 65/66B | €2,739 | €2,756 | +€17 | +0.6% |
| Recurring financial charges | 65 | €2,739 | €2,756 | +€17 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €20,087 | €11,237 | -€8,850 | -44.1% |
| Income taxes | 67/77 | €6,462 | €3,652 | -€2,810 | -43.5% |
| Profit (loss) for the period | 9904 | €13,625 | €7,585 | -€6,040 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,625 | €7,585 | -€6,040 | -44.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.