PBFI: 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.
PBFI
Largest movements
- Current investments -€87,784
down €87,784 (-14.6%), from €600,000 to €512,216
- Receivables within one year +€58,823
up €58,823 (+177.3%), from €33,181 to €92,004
- Financial fixed assets +€56,250
up €56,250 (+7.7%), from €729,480 to €785,730
- Cash -€25,292
down €25,292 (-13.7%), from €184,332 to €159,040
mainly Other debts (-€64,000) and Receivables within one year (-€58,823)
- Other debts -€64,000
down €64,000 (-24.9%), from €256,951 to €192,951
- Reserves +€62,372
up €62,372 (+4.9%), from €1.3m to €1.3m
- Financial income -€35,400
down €35,400 (-34.4%), from €103,017 to €67,617
- Gross operating margin +€366
up €366 (+9.1%), from -€4,001 to -€3,635
- Financial charges +€269
up €269 (+78.2%), from €343 to €612
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 | €1,550,823 | €1,549,195 | -€1,628 | -0.1% |
| Fixed assets | 21/28 | €729,480 | €785,730 | +€56,250 | +7.7% |
| Financial fixed assets | 28 | €729,480 | €785,730 | +€56,250 | +7.7% |
| Current assets | 29/58 | €821,343 | €763,465 | -€57,878 | -7.0% |
| Amounts receivable within one year | 40/41 | €33,181 | €92,004 | +€58,823 | +177.3% |
| Other amounts receivable | 41 | €33,181 | €92,004 | +€58,823 | +177.3% |
| Current investments | 50/53 | €600,000 | €512,216 | -€87,784 | -14.6% |
| Cash at bank and in hand | 54/58 | €184,332 | €159,040 | -€25,292 | -13.7% |
| Deferred charges and accrued income | 490/1 | €3,830 | €205 | -€3,625 | -94.6% |
| Total equity and liabilities | 10/49 | €1,550,823 | €1,549,195 | -€1,628 | -0.1% |
| Equity | 10/15 | €1,293,873 | €1,356,244 | +€62,372 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,275,273 | €1,337,644 | +€62,372 | +4.9% |
| Distributable reserves | 133 | €1,275,273 | €1,337,644 | +€62,372 | +4.9% |
| Amounts payable | 17/49 | €256,951 | €192,951 | -€64,000 | -24.9% |
| Amounts payable within one year | 42/48 | €256,951 | €192,951 | -€64,000 | -24.9% |
| Other amounts payable | 47/48 | €256,951 | €192,951 | -€64,000 | -24.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€4,001 | -€3,635 | +€366 | +9.1% |
| Operating profit (loss) | 9901 | -€4,969 | -€4,634 | +€335 | +6.7% |
| Financial income | 75/76B | €103,017 | €67,617 | -€35,400 | -34.4% |
| Recurring financial income | 75 | €103,017 | €67,617 | -€35,400 | -34.4% |
| Financial charges | 65/66B | €343 | €612 | +€269 | +78.2% |
| Recurring financial charges | 65 | €343 | €612 | +€269 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €97,705 | €62,372 | -€35,333 | -36.2% |
| Profit (loss) for the period | 9904 | €97,705 | €62,372 | -€35,333 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,705 | €62,372 | -€35,333 | -36.2% |
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 4 October 2026 via checked.be.