PB53: 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.
PB53
Largest movements
- Tangible fixed assets -€69,345
down €69,345 (-2.5%), from €2.8m to €2.7m
of which Land and buildings: -€59,359
- Debts after one year -€86,080
down €86,080 (-4.5%), from €1.9m to €1.8m
- Financial charges -€32,702
down €32,702 (-31.8%), from €102,811 to €70,109
- Gross operating margin +€5,422
up €5,422 (+3.2%), from €168,062 to €173,484
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 | €2,805,969 | €2,746,563 | -€59,406 | -2.1% |
| Fixed assets | 21/28 | €2,775,359 | €2,706,014 | -€69,345 | -2.5% |
| Tangible fixed assets | 22/27 | €2,775,359 | €2,706,014 | -€69,345 | -2.5% |
| Land and buildings | 22 | €2,595,466 | €2,536,107 | -€59,359 | -2.3% |
| Other tangible fixed assets | 26 | €179,893 | €169,907 | -€9,986 | -5.6% |
| Current assets | 29/58 | €30,611 | €40,549 | +€9,939 | +32.5% |
| Cash at bank and in hand | 54/58 | €30,611 | €40,549 | +€9,939 | +32.5% |
| Total equity and liabilities | 10/49 | €2,805,969 | €2,746,563 | -€59,406 | -2.1% |
| Equity | 10/15 | €778,293 | €801,156 | +€22,863 | +2.9% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,707 | -€98,844 | +€22,863 | +18.8% |
| Amounts payable | 17/49 | €2,027,676 | €1,945,407 | -€82,269 | -4.1% |
| Amounts payable after more than one year | 17 | €1,916,438 | €1,830,358 | -€86,080 | -4.5% |
| Financial debts | 170/4 | €1,916,438 | €1,830,358 | -€86,080 | -4.5% |
| Amounts payable within one year | 42/48 | €83,615 | €87,512 | +€3,897 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €83,107 | €86,080 | +€2,973 | +3.6% |
| Trade debts | 44 | €508 | €1,432 | +€924 | +181.8% |
| Suppliers | 440/4 | €508 | €1,432 | +€924 | +181.8% |
| Accrued charges and deferred income | 492/3 | €27,623 | €27,536 | -€86 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,345 | €69,345 | = | 0.0% |
| Other operating charges | 640/8 | €10,354 | €11,167 | +€813 | +7.9% |
| Gross operating margin | 9900 | €168,062 | €173,484 | +€5,422 | +3.2% |
| Operating profit (loss) | 9901 | €88,363 | €92,972 | +€4,608 | +5.2% |
| Financial charges | 65/66B | €102,811 | €70,109 | -€32,702 | -31.8% |
| Recurring financial charges | 65 | €102,811 | €70,109 | -€32,702 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,447 | €22,863 | +€37,310 | |
| Profit (loss) for the period | 9904 | -€14,447 | €22,863 | +€37,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,447 | €22,863 | +€37,310 |
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 7 October 2026 via checked.be.