PB Facility: 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.
PB Facility
Largest movements
- Receivables within one year +€43,484
up €43,484 (+31.8%), from €136,816 to €180,300
of which Trade receivables: +€43,484
- Cash +€24,175
up €24,175 (+236.3%), from €10,230 to €34,406
mainly Net result for the year (+€72,179) and Depreciation (+€30,997)
- Profit (loss) carried forward +€72,179
up €72,179 (+101.0%), from €71,477 to €143,656
- Trade debts -€39,199
down €39,199 (-53.9%), from €72,759 to €33,560
- Tax, wage and social debts +€21,662
up €21,662 (+156.9%), from €13,809 to €35,471
- Current portion of long-term debt +€6,757
up €6,757 (+27.0%), from €24,990 to €31,747
- Gross operating margin +€94,901
up €94,901 (+221.9%), from €42,764 to €137,664
- Taxes +€17,650
up €17,650 (+730.6%), from €2,416 to €20,066
- Other operating charges +€6,600
up €6,600 (+639.0%), from €1,033 to €7,633
- Depreciation +€5,378
up €5,378 (+21.0%), from €25,619 to €30,997
- Financial charges +€3,710
up €3,710 (+115.9%), from €3,201 to €6,910
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 | €332,278 | €394,633 | +€62,355 | +18.8% |
| Fixed assets | 21/28 | €170,284 | €168,792 | -€1,491 | -0.9% |
| Tangible fixed assets | 22/27 | €164,409 | €162,917 | -€1,491 | -0.9% |
| Plant, machinery and equipment | 23 | €12,084 | €13,640 | +€1,556 | +12.9% |
| Furniture and vehicles | 24 | €121,843 | €126,116 | +€4,273 | +3.5% |
| Leasing and similar rights | 25 | €30,482 | €23,161 | -€7,320 | -24.0% |
| Financial fixed assets | 28 | €5,875 | €5,875 | = | 0.0% |
| Current assets | 29/58 | €161,994 | €225,841 | +€63,846 | +39.4% |
| Stocks and contracts in progress | 3 | €12,486 | €9,152 | -€3,333 | -26.7% |
| Stocks | 30/36 | €12,486 | €9,152 | -€3,333 | -26.7% |
| Amounts receivable within one year | 40/41 | €136,816 | €180,300 | +€43,484 | +31.8% |
| Trade receivables | 40 | €125,424 | €168,908 | +€43,484 | +34.7% |
| Other amounts receivable | 41 | €11,392 | €11,392 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,230 | €34,406 | +€24,175 | +236.3% |
| Deferred charges and accrued income | 490/1 | €2,462 | €1,982 | -€480 | -19.5% |
| Total equity and liabilities | 10/49 | €332,278 | €394,633 | +€62,355 | +18.8% |
| Equity | 10/15 | €101,477 | €173,656 | +€72,179 | +71.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,477 | €143,656 | +€72,179 | +101.0% |
| Amounts payable | 17/49 | €230,802 | €220,977 | -€9,825 | -4.3% |
| Amounts payable after more than one year | 17 | €64,157 | €66,999 | +€2,842 | +4.4% |
| Financial debts | 170/4 | €64,157 | €66,999 | +€2,842 | +4.4% |
| Amounts payable within one year | 42/48 | €166,645 | €153,978 | -€12,667 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €24,990 | €31,747 | +€6,757 | +27.0% |
| Trade debts | 44 | €72,759 | €33,560 | -€39,199 | -53.9% |
| Suppliers | 440/4 | €72,759 | €33,560 | -€39,199 | -53.9% |
| Taxes, remuneration and social security | 45 | €13,809 | €35,471 | +€21,662 | +156.9% |
| Taxes | 450/3 | €13,809 | €35,471 | +€21,662 | +156.9% |
| Other amounts payable | 47/48 | €55,087 | €53,200 | -€1,887 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,619 | €30,997 | +€5,378 | +21.0% |
| Other operating charges | 640/8 | €1,033 | €7,633 | +€6,600 | +639.0% |
| Non-recurring operating charges | 66A | €4,740 | - | -€4,740 | |
| Gross operating margin | 9900 | €42,764 | €137,664 | +€94,901 | +221.9% |
| Operating profit (loss) | 9901 | €11,371 | €99,035 | +€87,663 | +770.9% |
| Financial income | 75/76B | €712 | €121 | -€591 | -83.0% |
| Recurring financial income | 75 | €712 | €121 | -€591 | -83.0% |
| Financial charges | 65/66B | €3,201 | €6,910 | +€3,710 | +115.9% |
| Recurring financial charges | 65 | €3,201 | €6,910 | +€3,710 | +115.9% |
| Profit (loss) for the period before taxes | 9903 | €8,883 | €92,246 | +€83,363 | +938.5% |
| Income taxes | 67/77 | €2,416 | €20,066 | +€17,650 | +730.6% |
| Profit (loss) for the period | 9904 | €6,467 | €72,179 | +€65,713 | +1016.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,467 | €72,179 | +€65,713 | +1016.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.