PBCC: 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.
PBCC
Largest movements
- Receivables within one year +€31,268
up €31,268 (+8.7%), from €359,339 to €390,607
of which Other amounts receivable: +€25,829
- Deferred charges and accrued income +€30,629
up €30,629 (+588.7%), from €5,203 to €35,831
- Tangible fixed assets -€28,367
down €28,367 (-23.9%), from €118,766 to €90,399
of which Plant, machinery and equipment: -€20,714
- Cash +€17,750
up €17,750 (+36.5%), from €48,635 to €66,385
mainly Net result for the year (+€58,867) and Depreciation (+€30,157)
- Reserves +€58,867
up €58,867 (+16.0%), from €367,042 to €425,909
of which Distributable reserves: +€60,727
- Short-term financial debts +€30,025
up €30,025 (+888.0%), from €3,381 to €33,406
- Other debts -€25,720
down €25,720 (-63.6%), from €40,442 to €14,722
- Current portion of long-term debt -€15,255
down €15,255 (-71.6%), from €21,297 to €6,042
- Tax, wage and social debts +€14,129
up €14,129 (+31.0%), from €45,528 to €59,657
of which Taxes: +€10,830
- Gross operating margin +€24,200
up €24,200 (+4.9%), from €496,019 to €520,219
- Taxes +€8,408
up €8,408 (+37.1%), from €22,691 to €31,099
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 | €539,260 | €589,514 | +€50,255 | +9.3% |
| Fixed assets | 21/28 | €118,766 | €90,399 | -€28,367 | -23.9% |
| Tangible fixed assets | 22/27 | €118,766 | €90,399 | -€28,367 | -23.9% |
| Land and buildings | 22 | €36,389 | €29,962 | -€6,427 | -17.7% |
| Plant, machinery and equipment | 23 | €70,710 | €49,996 | -€20,714 | -29.3% |
| Furniture and vehicles | 24 | €11,666 | €10,440 | -€1,226 | -10.5% |
| Current assets | 29/58 | €420,494 | €499,116 | +€78,621 | +18.7% |
| Stocks and contracts in progress | 3 | €7,318 | €6,292 | -€1,026 | -14.0% |
| Stocks | 30/36 | €7,318 | €6,292 | -€1,026 | -14.0% |
| Amounts receivable within one year | 40/41 | €359,339 | €390,607 | +€31,268 | +8.7% |
| Trade receivables | 40 | €11,793 | €17,233 | +€5,439 | +46.1% |
| Other amounts receivable | 41 | €347,545 | €373,374 | +€25,829 | +7.4% |
| Cash at bank and in hand | 54/58 | €48,635 | €66,385 | +€17,750 | +36.5% |
| Deferred charges and accrued income | 490/1 | €5,203 | €35,831 | +€30,629 | +588.7% |
| Total equity and liabilities | 10/49 | €539,260 | €589,514 | +€50,255 | +9.3% |
| Equity | 10/15 | €385,642 | €438,309 | +€52,667 | +13.7% |
| Contributions | 10/11 | €18,600 | €12,400 | -€6,200 | -33.3% |
| Reserves | 13 | €367,042 | €425,909 | +€58,867 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €365,182 | €425,909 | +€60,727 | +16.6% |
| Amounts payable | 17/49 | €153,617 | €151,205 | -€2,412 | -1.6% |
| Amounts payable after more than one year | 17 | €6,042 | - | -€6,042 | |
| Financial debts | 170/4 | €6,042 | - | -€6,042 | |
| Amounts payable within one year | 42/48 | €147,434 | €147,591 | +€158 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €21,297 | €6,042 | -€15,255 | -71.6% |
| Financial debts | 43 | €3,381 | €33,406 | +€30,025 | +888.0% |
| Credit institutions | 430/8 | €3,381 | €33,406 | +€30,025 | +888.0% |
| Trade debts | 44 | €36,785 | €33,765 | -€3,021 | -8.2% |
| Suppliers | 440/4 | €36,785 | €33,765 | -€3,021 | -8.2% |
| Taxes, remuneration and social security | 45 | €45,528 | €59,657 | +€14,129 | +31.0% |
| Taxes | 450/3 | €5,652 | €16,482 | +€10,830 | +191.6% |
| Remuneration and social security | 454/9 | €39,876 | €43,175 | +€3,299 | +8.3% |
| Other amounts payable | 47/48 | €40,442 | €14,722 | -€25,720 | -63.6% |
| Accrued charges and deferred income | 492/3 | €142 | €3,614 | +€3,472 | +2441.1% |
| Remuneration, social security and pensions | 62 | €394,298 | €394,555 | +€257 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,254 | €30,157 | -€97 | -0.3% |
| Other operating charges | 640/8 | €4,568 | €4,401 | -€167 | -3.7% |
| Gross operating margin | 9900 | €496,019 | €520,219 | +€24,200 | +4.9% |
| Operating profit (loss) | 9901 | €66,899 | €91,106 | +€24,207 | +36.2% |
| Financial income | 75/76B | €163 | €1,213 | +€1,050 | +642.9% |
| Recurring financial income | 75 | €163 | €1,213 | +€1,050 | +642.9% |
| Financial charges | 65/66B | €1,704 | €2,354 | +€650 | +38.1% |
| Recurring financial charges | 65 | €1,704 | €2,354 | +€650 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €65,359 | €89,965 | +€24,607 | +37.6% |
| Income taxes | 67/77 | €22,691 | €31,099 | +€8,408 | +37.1% |
| Profit (loss) for the period | 9904 | €42,668 | €58,867 | +€16,199 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,668 | €58,867 | +€16,199 | +38.0% |
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 12 October 2026 via checked.be.