PBA: 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.
PBA
Largest movements
- Cash -€17,354
down €17,354 (-14.2%), from €121,884 to €104,530
mainly Contributions, distributions and other (-€50,000) and Other debts (-€32,687)
- Current investments +€2,613
new in 2025: €2,613
- Receivables within one year +€2,382
up €2,382 (+14.9%), from €16,003 to €18,385
- Deferred charges and accrued income -€1,423
down €1,423 (-66.2%), from €2,151 to €728
- Other debts -€32,687
down €32,687 (-25.6%), from €127,665 to €94,978
- Reserves +€8,758
new in 2025: €8,758
- Tax, wage and social debts +€8,383
up €8,383 (+66.8%), from €12,548 to €20,931
of which Taxes: +€8,383
- Gross operating margin +€4,325
up €4,325 (+5.9%), from €73,316 to €77,641
- Taxes +€823
up €823 (+5.0%), from €16,317 to €17,140
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.
Derived cash bridge
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 | €141,549 | €127,263 | -€14,286 | -10.1% |
| Fixed assets | 21/28 | €1,511 | €1,007 | -€504 | -33.3% |
| Tangible fixed assets | 22/27 | €1,511 | €1,007 | -€504 | -33.3% |
| Furniture and vehicles | 24 | €1,511 | €1,007 | -€504 | -33.3% |
| Current assets | 29/58 | €140,038 | €126,256 | -€13,783 | -9.8% |
| Amounts receivable within one year | 40/41 | €16,003 | €18,385 | +€2,382 | +14.9% |
| Trade receivables | 40 | €16,003 | €18,385 | +€2,382 | +14.9% |
| Current investments | 50/53 | - | €2,613 | +€2,613 | |
| Cash at bank and in hand | 54/58 | €121,884 | €104,530 | -€17,354 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,151 | €728 | -€1,423 | -66.2% |
| Total equity and liabilities | 10/49 | €141,549 | €127,263 | -€14,286 | -10.1% |
| Equity | 10/15 | - | €8,758 | +€8,758 | |
| Reserves | 13 | - | €8,758 | +€8,758 | |
| Distributable reserves | 133 | - | €8,758 | +€8,758 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,549 | €118,505 | -€23,044 | -16.3% |
| Amounts payable within one year | 42/48 | €141,398 | €118,386 | -€23,012 | -16.3% |
| Trade debts | 44 | €1,184 | €2,476 | +€1,292 | +109% |
| Suppliers | 440/4 | €1,184 | €2,476 | +€1,292 | +109% |
| Taxes, remuneration and social security | 45 | €12,548 | €20,931 | +€8,383 | +66.8% |
| Taxes | 450/3 | €10,298 | €18,681 | +€8,383 | +81.4% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €127,665 | €94,978 | -€32,687 | -25.6% |
| Accrued charges and deferred income | 492/3 | €151 | €119 | -€32 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €504 | = | 0.0% |
| Other operating charges | 640/8 | €1,382 | €1,585 | +€203 | +14.7% |
| Gross operating margin | 9900 | €73,316 | €77,641 | +€4,325 | +5.9% |
| Operating profit (loss) | 9901 | €71,431 | €75,553 | +€4,122 | +5.8% |
| Financial income | 75/76B | €0 | €611 | +€611 | +6,112,400% |
| Recurring financial income | 75 | €0 | €611 | +€611 | +6,112,400% |
| Financial charges | 65/66B | €197 | €266 | +€68 | +34.7% |
| Recurring financial charges | 65 | €197 | €266 | +€68 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €71,233 | €75,898 | +€4,665 | +6.5% |
| Income taxes | 67/77 | €16,317 | €17,140 | +€823 | +5.0% |
| Profit (loss) for the period | 9904 | €54,916 | €58,758 | +€3,842 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,916 | €58,758 | +€3,842 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.