PBA CONSTRUCT: 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.
PBA CONSTRUCT
Largest movements
- Receivables within one year -€18,805
down €18,805 (-12.5%), from €150,749 to €131,944
of which Trade receivables: -€16,555
- Cash +€2,210
up €2,210 (+4.7%), from €47,161 to €49,372
mainly Receivables within one year (+€18,805) and Depreciation (+€2,099)
- Tangible fixed assets -€2,099
down €2,099 (-71.3%), from €2,945 to €847
of which Furniture and vehicles: -€2,012
- Reserves -€10,000
down €10,000 (-6.0%), from €165,860 to €155,860
of which Distributable reserves: -€10,000
- Trade debts -€6,409
down €6,409 (-34.1%), from €18,815 to €12,406
- Other debts -€3,400
down €3,400 (-42.2%), from €8,058 to €4,658
- Tax, wage and social debts -€2,954
no longer reported in 2025 (was €2,954)
- Gross operating margin +€10,068
up €10,068 (+62.4%), from -€16,134 to -€6,066
- Depreciation -€1,559
down €1,559 (-42.6%), from €3,658 to €2,099
- Financial charges -€789
down €789 (-93.5%), from €843 to €55
- Other operating charges -€536
no longer reported in 2025 (was €536)
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 | €203,144 | €182,162 | -€20,982 | -10.3% |
| Fixed assets | 21/28 | €4,845 | €847 | -€3,999 | -82.5% |
| Tangible fixed assets | 22/27 | €2,945 | €847 | -€2,099 | -71.3% |
| Plant, machinery and equipment | 23 | €87 | - | -€87 | |
| Furniture and vehicles | 24 | €2,859 | €847 | -€2,012 | -70.4% |
| Financial fixed assets | 28 | €1,900 | - | -€1,900 | |
| Current assets | 29/58 | €198,299 | €181,316 | -€16,983 | -8.6% |
| Stocks and contracts in progress | 3 | €389 | - | -€389 | |
| Stocks | 30/36 | €389 | - | -€389 | |
| Amounts receivable within one year | 40/41 | €150,749 | €131,944 | -€18,805 | -12.5% |
| Trade receivables | 40 | €33,197 | €16,642 | -€16,555 | -49.9% |
| Other amounts receivable | 41 | €117,551 | €115,302 | -€2,250 | -1.9% |
| Cash at bank and in hand | 54/58 | €47,161 | €49,372 | +€2,210 | +4.7% |
| Total equity and liabilities | 10/49 | €203,144 | €182,162 | -€20,982 | -10.3% |
| Equity | 10/15 | €173,317 | €165,098 | -€8,219 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,860 | €155,860 | -€10,000 | -6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,000 | €154,000 | -€10,000 | -6.1% |
| Profit (loss) carried forward | 14 | €1,257 | €3,038 | +€1,781 | +141.6% |
| Amounts payable | 17/49 | €29,827 | €17,064 | -€12,763 | -42.8% |
| Amounts payable within one year | 42/48 | €29,827 | €17,064 | -€12,763 | -42.8% |
| Trade debts | 44 | €18,815 | €12,406 | -€6,409 | -34.1% |
| Suppliers | 440/4 | €18,815 | €12,406 | -€6,409 | -34.1% |
| Taxes, remuneration and social security | 45 | €2,954 | - | -€2,954 | |
| Remuneration and social security | 454/9 | €2,954 | - | -€2,954 | |
| Other amounts payable | 47/48 | €8,058 | €4,658 | -€3,400 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,658 | €2,099 | -€1,559 | -42.6% |
| Other operating charges | 640/8 | €536 | - | -€536 | |
| Gross operating margin | 9900 | -€16,134 | -€6,066 | +€10,068 | +62.4% |
| Operating profit (loss) | 9901 | -€20,328 | -€8,165 | +€12,163 | +59.8% |
| Financial charges | 65/66B | €843 | €55 | -€789 | -93.5% |
| Recurring financial charges | 65 | €843 | €55 | -€789 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,171 | -€8,219 | +€12,952 | +61.2% |
| Profit (loss) for the period | 9904 | -€21,171 | -€8,219 | +€12,952 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,171 | -€8,219 | +€12,952 | +61.2% |
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 1 October 2026 via checked.be.