PB Advisory Services: 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.
PB Advisory Services
Largest movements
- Receivables after one year -€20,048
down €20,048 (-37.7%), from €53,209 to €33,160
- Tangible fixed assets -€8,247
down €8,247 (-61.2%), from €13,474 to €5,227
of which Furniture and vehicles: -€8,047
- Receivables within one year -€5,491
down €5,491 (-8.4%), from €65,677 to €60,186
of which Trade receivables: -€4,574
- Cash +€4,673
up €4,673 (+17.5%), from €26,776 to €31,449
mainly Net result for the year (+€95,579) and Receivables after one year (+€20,048)
- Deferred charges and accrued income +€3,326
up €3,326 (+38.9%), from €8,540 to €11,866
- Tax, wage and social debts -€14,129
down €14,129 (-30.4%), from €46,477 to €32,347
- Short-term financial debts -€8,452
down €8,452 (-100.0%), from €8,452 to €0
- Reserves -€4,421
down €4,421 (-44.7%), from €9,899 to €5,478
- Depreciation -€12,208
down €12,208 (-87.6%), from €13,939 to €1,731
- Gross operating margin -€5,121
down €5,121 (-3.8%), from €133,607 to €128,486
- Taxes -€1,497
down €1,497 (-4.6%), from €32,468 to €30,971
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 | €168,521 | €142,388 | -€26,132 | -15.5% |
| Fixed assets | 21/28 | €14,319 | €5,727 | -€8,592 | -60.0% |
| Tangible fixed assets | 22/27 | €13,474 | €5,227 | -€8,247 | -61.2% |
| Plant, machinery and equipment | 23 | €810 | €610 | -€200 | -24.7% |
| Furniture and vehicles | 24 | €12,664 | €4,617 | -€8,047 | -63.5% |
| Financial fixed assets | 28 | €845 | €500 | -€345 | -40.8% |
| Current assets | 29/58 | €154,201 | €136,661 | -€17,540 | -11.4% |
| Amounts receivable after more than one year | 29 | €53,209 | €33,160 | -€20,048 | -37.7% |
| Other amounts receivable | 291 | €53,209 | €33,160 | -€20,048 | -37.7% |
| Amounts receivable within one year | 40/41 | €65,677 | €60,186 | -€5,491 | -8.4% |
| Trade receivables | 40 | €64,126 | €59,552 | -€4,574 | -7.1% |
| Other amounts receivable | 41 | €1,551 | €635 | -€917 | -59.1% |
| Cash at bank and in hand | 54/58 | €26,776 | €31,449 | +€4,673 | +17.5% |
| Deferred charges and accrued income | 490/1 | €8,540 | €11,866 | +€3,326 | +38.9% |
| Total equity and liabilities | 10/49 | €168,521 | €142,388 | -€26,132 | -15.5% |
| Equity | 10/15 | €9,999 | €5,578 | -€4,421 | -44.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,899 | €5,478 | -€4,421 | -44.7% |
| Distributable reserves | 133 | €9,899 | €5,478 | -€4,421 | -44.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,521 | €136,810 | -€21,711 | -13.7% |
| Amounts payable within one year | 42/48 | €158,521 | €136,410 | -€22,111 | -13.9% |
| Financial debts | 43 | €8,452 | €0 | -€8,452 | -100.0% |
| Credit institutions | 430/8 | €8,452 | €0 | -€8,452 | -100.0% |
| Trade debts | 44 | €3,593 | €4,063 | +€470 | +13.1% |
| Suppliers | 440/4 | €3,593 | €4,063 | +€470 | +13.1% |
| Taxes, remuneration and social security | 45 | €46,477 | €32,347 | -€14,129 | -30.4% |
| Taxes | 450/3 | €46,477 | €32,347 | -€14,129 | -30.4% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €11,423 | +€11,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,939 | €1,731 | -€12,208 | -87.6% |
| Other operating charges | 640/8 | €505 | €646 | +€141 | +27.9% |
| Gross operating margin | 9900 | €133,607 | €128,486 | -€5,121 | -3.8% |
| Operating profit (loss) | 9901 | €119,162 | €126,108 | +€6,946 | +5.8% |
| Financial income | 75/76B | €1,349 | €998 | -€351 | -26.0% |
| Recurring financial income | 75 | €1,349 | €998 | -€351 | -26.0% |
| Financial charges | 65/66B | €658 | €556 | -€102 | -15.5% |
| Recurring financial charges | 65 | €658 | €556 | -€102 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €119,854 | €126,550 | +€6,696 | +5.6% |
| Income taxes | 67/77 | €32,468 | €30,971 | -€1,497 | -4.6% |
| Profit (loss) for the period | 9904 | €87,386 | €95,579 | +€8,194 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,386 | €95,579 | +€8,194 | +9.4% |
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 5 October 2026 via checked.be.