PB-IT: 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-IT
Largest movements
- Tangible fixed assets -€192,612
down €192,612 (-99.0%), from €194,627 to €2,015
of which Land and buildings: -€176,290
- Cash +€63,698
up €63,698 (+365.2%), from €17,444 to €81,141
mainly Investment in fixed assets (net) (+€191,855) and Deferred charges and accrued income (+€26,049)
- Deferred charges and accrued income -€26,049
down €26,049 (-80.8%), from €32,253 to €6,204
- Receivables within one year +€21,477
up €21,477 (+52.9%), from €40,632 to €62,110
of which Other amounts receivable: +€34,043
- Debts after one year -€108,129
down €108,129 (-100.0%), from €108,129 to €0
- Current portion of long-term debt -€22,794
down €22,794 (-100.0%), from €22,794 to €0
- Tax, wage and social debts -€10,278
down €10,278 (-49.3%), from €20,850 to €10,572
- Reserves +€4,079
up €4,079 (+10.9%), from €37,333 to €41,412
of which Distributable reserves: +€4,079
- Trade debts +€3,663
up €3,663 (+144.6%), from €2,534 to €6,197
- Depreciation -€13,070
down €13,070 (-94.5%), from €13,827 to €757
- Gross operating margin -€11,496
down €11,496 (-24.4%), from €47,033 to €35,538
- Taxes -€8,845
down €8,845 (-94.1%), from €9,398 to €553
- Other operating charges -€919
down €919 (-33.9%), from €2,715 to €1,796
- Financial charges +€502
up €502 (+9.5%), from €5,285 to €5,787
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 | €284,957 | €151,470 | -€133,486 | -46.8% |
| Fixed assets | 21/28 | €194,627 | €2,015 | -€192,612 | -99.0% |
| Tangible fixed assets | 22/27 | €194,627 | €2,015 | -€192,612 | -99.0% |
| Land and buildings | 22 | €176,290 | €0 | -€176,290 | -100.0% |
| Plant, machinery and equipment | 23 | €836 | €0 | -€836 | -100.0% |
| Furniture and vehicles | 24 | €1,741 | €2,015 | +€274 | +15.7% |
| Other tangible fixed assets | 26 | €15,760 | €0 | -€15,760 | -100.0% |
| Current assets | 29/58 | €90,329 | €149,455 | +€59,126 | +65.5% |
| Amounts receivable within one year | 40/41 | €40,632 | €62,110 | +€21,477 | +52.9% |
| Trade receivables | 40 | €20,310 | €7,745 | -€12,566 | -61.9% |
| Other amounts receivable | 41 | €20,322 | €54,365 | +€34,043 | +167.5% |
| Cash at bank and in hand | 54/58 | €17,444 | €81,141 | +€63,698 | +365.2% |
| Deferred charges and accrued income | 490/1 | €32,253 | €6,204 | -€26,049 | -80.8% |
| Total equity and liabilities | 10/49 | €284,957 | €151,470 | -€133,486 | -46.8% |
| Equity | 10/15 | €130,602 | €134,681 | +€4,079 | +3.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €37,333 | €41,412 | +€4,079 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,091 | €6,091 | = | 0.0% |
| Distributable reserves | 133 | €29,382 | €33,461 | +€4,079 | +13.9% |
| Profit (loss) carried forward | 14 | €87,063 | €87,063 | = | 0.0% |
| Amounts payable | 17/49 | €154,355 | €16,790 | -€137,565 | -89.1% |
| Amounts payable after more than one year | 17 | €108,129 | €0 | -€108,129 | -100.0% |
| Financial debts | 170/4 | €108,129 | €0 | -€108,129 | -100.0% |
| Amounts payable within one year | 42/48 | €46,226 | €16,790 | -€29,437 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €22,794 | €0 | -€22,794 | -100.0% |
| Financial debts | 43 | €48 | €21 | -€27 | -56.5% |
| Credit institutions | 430/8 | €48 | €21 | -€27 | -56.5% |
| Trade debts | 44 | €2,534 | €6,197 | +€3,663 | +144.6% |
| Suppliers | 440/4 | €2,534 | €6,197 | +€3,663 | +144.6% |
| Taxes, remuneration and social security | 45 | €20,850 | €10,572 | -€10,278 | -49.3% |
| Taxes | 450/3 | €20,850 | €10,572 | -€10,278 | -49.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,827 | €757 | -€13,070 | -94.5% |
| Other operating charges | 640/8 | €2,715 | €1,796 | -€919 | -33.9% |
| Non-recurring operating charges | 66A | - | €22,886 | +€22,886 | |
| Gross operating margin | 9900 | €47,033 | €35,538 | -€11,496 | -24.4% |
| Operating profit (loss) | 9901 | €30,491 | €10,099 | -€20,392 | -66.9% |
| Financial income | 75/76B | €30 | €320 | +€290 | +959.6% |
| Recurring financial income | 75 | €30 | €320 | +€290 | +959.6% |
| Financial charges | 65/66B | €5,285 | €5,787 | +€502 | +9.5% |
| Recurring financial charges | 65 | €5,285 | €5,787 | +€502 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €25,236 | €4,632 | -€20,605 | -81.6% |
| Income taxes | 67/77 | €9,398 | €553 | -€8,845 | -94.1% |
| Profit (loss) for the period | 9904 | €15,838 | €4,079 | -€11,759 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,838 | €4,079 | -€11,759 | -74.2% |
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.