PB GROUP: 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 GROUP
Largest movements
- Receivables within one year +€226,013
up €226,013 (+160.9%), from €140,478 to €366,491
of which Trade receivables: +€162,046
- Tangible fixed assets -€9,013
down €9,013 (-34.6%), from €26,084 to €17,071
of which Furniture and vehicles: -€8,690
- Trade debts +€101,455
up €101,455 (+108.6%), from €93,408 to €194,863
- Other debts +€71,330
new in 2024: €71,330
- Short-term financial debts +€37,990
up €37,990 (+1115.4%), from €3,406 to €41,396
- Profit (loss) carried forward +€21,961
up €21,961 (+71.0%), from €30,922 to €52,883
- Tax, wage and social debts -€8,226
down €8,226 (-47.6%), from €17,281 to €9,055
- Gross operating margin +€35,890
up €35,890 (+108.0%), from €33,232 to €69,121
- Financial charges +€16,033
up €16,033 (+993.2%), from €1,614 to €17,647
- Taxes +€6,612
up €6,612 (+80.6%), from €8,203 to €14,815
- Financial income +€3,018
new in 2024: €3,018
- Other operating charges +€1,353
up €1,353 (+19.6%), from €6,916 to €8,270
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,612 | €389,987 | +€220,375 | +129.9% |
| Fixed assets | 21/28 | €29,134 | €23,121 | -€6,013 | -20.6% |
| Tangible fixed assets | 22/27 | €26,084 | €17,071 | -€9,013 | -34.6% |
| Plant, machinery and equipment | 23 | €323 | - | -€323 | |
| Furniture and vehicles | 24 | €25,761 | €17,071 | -€8,690 | -33.7% |
| Financial fixed assets | 28 | €3,050 | €6,050 | +€3,000 | +98.4% |
| Current assets | 29/58 | €140,478 | €366,866 | +€226,388 | +161.2% |
| Amounts receivable within one year | 40/41 | €140,478 | €366,491 | +€226,013 | +160.9% |
| Trade receivables | 40 | €107,631 | €269,677 | +€162,046 | +150.6% |
| Other amounts receivable | 41 | €32,847 | €96,814 | +€63,967 | +194.7% |
| Cash at bank and in hand | 54/58 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €169,612 | €389,987 | +€220,375 | +129.9% |
| Equity | 10/15 | €51,382 | €73,343 | +€21,961 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €30,922 | €52,883 | +€21,961 | +71.0% |
| Amounts payable | 17/49 | €118,230 | €316,644 | +€198,414 | +167.8% |
| Amounts payable within one year | 42/48 | €118,230 | €316,644 | +€198,414 | +167.8% |
| Financial debts | 43 | €3,406 | €41,396 | +€37,990 | +1115.4% |
| Credit institutions | 430/8 | €3,406 | €41,396 | +€37,990 | +1115.4% |
| Trade debts | 44 | €93,408 | €194,863 | +€101,455 | +108.6% |
| Suppliers | 440/4 | €93,408 | €194,863 | +€101,455 | +108.6% |
| Advances received on contracts in progress | 46 | €4,134 | - | -€4,134 | |
| Taxes, remuneration and social security | 45 | €17,281 | €9,055 | -€8,226 | -47.6% |
| Taxes | 450/3 | €17,281 | €9,055 | -€8,226 | -47.6% |
| Other amounts payable | 47/48 | - | €71,330 | +€71,330 | |
| Non-recurring operating income | 76A | - | €479 | +€479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,157 | €9,446 | -€711 | -7.0% |
| Other operating charges | 640/8 | €6,916 | €8,270 | +€1,353 | +19.6% |
| Gross operating margin | 9900 | €33,232 | €69,121 | +€35,890 | +108.0% |
| Operating profit (loss) | 9901 | €16,159 | €51,406 | +€35,247 | +218.1% |
| Financial income | 75/76B | - | €3,018 | +€3,018 | |
| Recurring financial income | 75 | - | €3,018 | +€3,018 | |
| Financial charges | 65/66B | €1,614 | €17,647 | +€16,033 | +993.2% |
| Recurring financial charges | 65 | €1,614 | €17,647 | +€16,033 | +993.2% |
| Profit (loss) for the period before taxes | 9903 | €14,544 | €36,776 | +€22,232 | +152.9% |
| Income taxes | 67/77 | €8,203 | €14,815 | +€6,612 | +80.6% |
| Profit (loss) for the period | 9904 | €6,342 | €21,961 | +€15,619 | +246.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,342 | €21,961 | +€15,619 | +246.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.