PB Plus: 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 Plus
Largest movements
- Intangible fixed assets -€39,014
down €39,014 (-19.3%), from €202,370 to €163,356
- Cash +€27,927
up €27,927 (+45.2%), from €61,822 to €89,750
mainly Depreciation (+€85,782) and Net result for the year (+€39,990)
- Deferred charges and accrued income -€16,970
down €16,970 (-35.9%), from €47,294 to €30,323
- Debts after one year -€58,564
down €58,564 (-27.6%), from €211,950 to €153,386
of which Financial debts: -€54,669
- Profit (loss) carried forward +€39,990
up €39,990 (+863.1%), from €4,633 to €44,624
- Tax, wage and social debts -€30,406
down €30,406 (-36.8%), from €82,662 to €52,255
of which Taxes: -€32,125
- Trade debts +€12,055
up €12,055 (+22.9%), from €52,613 to €64,668
- Short-term financial debts +€5,931
up €5,931 (+75.5%), from €7,857 to €13,788
- Gross operating margin +€94,802
up €94,802 (+21.2%), from €446,699 to €541,501
- Staff costs +€67,137
up €67,137 (+22.3%), from €301,319 to €368,456
- Taxes +€14,890
up €14,890 (+163.4%), from €9,115 to €24,006
- Depreciation -€6,861
down €6,861 (-7.4%), from €92,643 to €85,782
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 | €427,713 | €395,898 | -€31,815 | -7.4% |
| Fixed assets | 21/28 | €217,335 | €178,496 | -€38,838 | -17.9% |
| Intangible fixed assets | 21 | €202,370 | €163,356 | -€39,014 | -19.3% |
| Tangible fixed assets | 22/27 | €14,965 | €15,140 | +€176 | +1.2% |
| Plant, machinery and equipment | 23 | €1,821 | €5,674 | +€3,853 | +211.5% |
| Furniture and vehicles | 24 | €13,143 | €9,466 | -€3,677 | -28.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €210,379 | €217,402 | +€7,023 | +3.3% |
| Amounts receivable within one year | 40/41 | €101,263 | €97,329 | -€3,934 | -3.9% |
| Trade receivables | 40 | €93,102 | €91,634 | -€1,468 | -1.6% |
| Other amounts receivable | 41 | €8,161 | €5,695 | -€2,466 | -30.2% |
| Cash at bank and in hand | 54/58 | €61,822 | €89,750 | +€27,927 | +45.2% |
| Deferred charges and accrued income | 490/1 | €47,294 | €30,323 | -€16,970 | -35.9% |
| Total equity and liabilities | 10/49 | €427,713 | €395,898 | -€31,815 | -7.4% |
| Equity | 10/15 | €17,134 | €57,125 | +€39,990 | +233.4% |
| Contributions | 10/11 | €12,501 | €12,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,633 | €44,624 | +€39,990 | +863.1% |
| Amounts payable | 17/49 | €410,579 | €338,773 | -€71,806 | -17.5% |
| Amounts payable after more than one year | 17 | €211,950 | €153,386 | -€58,564 | -27.6% |
| Financial debts | 170/4 | €208,055 | €153,386 | -€54,669 | -26.3% |
| Other amounts payable | 178/9 | €3,895 | €0 | -€3,895 | -100.0% |
| Amounts payable within one year | 42/48 | €197,644 | €185,380 | -€12,264 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €54,513 | €54,669 | +€156 | +0.3% |
| Financial debts | 43 | €7,857 | €13,788 | +€5,931 | +75.5% |
| Credit institutions | 430/8 | €7,857 | €13,788 | +€5,931 | +75.5% |
| Trade debts | 44 | €52,613 | €64,668 | +€12,055 | +22.9% |
| Suppliers | 440/4 | €52,613 | €64,668 | +€12,055 | +22.9% |
| Taxes, remuneration and social security | 45 | €82,662 | €52,255 | -€30,406 | -36.8% |
| Taxes | 450/3 | €42,501 | €10,376 | -€32,125 | -75.6% |
| Remuneration and social security | 454/9 | €40,161 | €41,879 | +€1,719 | +4.3% |
| Accrued charges and deferred income | 492/3 | €985 | €7 | -€978 | -99.3% |
| Non-recurring operating income | 76A | €14,948 | €9,880 | -€5,068 | -33.9% |
| Remuneration, social security and pensions | 62 | €301,319 | €368,456 | +€67,137 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,643 | €85,782 | -€6,861 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€63 | €0 | +€63 | |
| Other operating charges | 640/8 | €6,560 | €4,798 | -€1,762 | -26.9% |
| Gross operating margin | 9900 | €446,699 | €541,501 | +€94,802 | +21.2% |
| Operating profit (loss) | 9901 | €46,240 | €82,465 | +€36,225 | +78.3% |
| Financial income | 75/76B | €240 | €264 | +€24 | +10.1% |
| Recurring financial income | 75 | €240 | €264 | +€24 | +10.1% |
| Financial charges | 65/66B | €21,318 | €18,733 | -€2,585 | -12.1% |
| Recurring financial charges | 65 | €21,318 | €18,733 | -€2,585 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €25,162 | €63,996 | +€38,834 | +154.3% |
| Income taxes | 67/77 | €9,115 | €24,006 | +€14,890 | +163.4% |
| Profit (loss) for the period | 9904 | €16,047 | €39,990 | +€23,944 | +149.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,047 | €39,990 | +€23,944 | +149.2% |
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 5 October 2026 via checked.be.