PBFI: 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.
PBFI
Largest movements
- Cash -€79,054
down €79,054 (-87.9%), from €89,965 to €10,910
mainly Contributions, distributions and other (-€120,333) and Other debts (-€83,122)
- Receivables within one year +€2,128
up €2,128 (+7.3%), from €29,066 to €31,194
of which Trade receivables: +€1,652
- Other debts -€83,122
down €83,122 (-80.3%), from €103,455 to €20,333
- Tax, wage and social debts +€5,776
up €5,776 (+39.1%), from €14,778 to €20,554
of which Taxes: +€5,776
- Gross operating margin +€21,793
up €21,793 (+15.9%), from €136,973 to €158,766
- Taxes +€5,490
up €5,490 (+18.5%), from €29,665 to €35,155
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 | €141,153 | €63,378 | -€77,775 | -55.1% |
| Fixed assets | 21/28 | €22,123 | €21,273 | -€849 | -3.8% |
| Tangible fixed assets | 22/27 | €22,123 | €21,273 | -€849 | -3.8% |
| Land and buildings | 22 | €21,076 | €20,964 | -€112 | -0.5% |
| Furniture and vehicles | 24 | €1,047 | €309 | -€737 | -70.4% |
| Current assets | 29/58 | €119,030 | €42,104 | -€76,926 | -64.6% |
| Amounts receivable within one year | 40/41 | €29,066 | €31,194 | +€2,128 | +7.3% |
| Trade receivables | 40 | €24,968 | €26,620 | +€1,652 | +6.6% |
| Other amounts receivable | 41 | €4,098 | €4,574 | +€476 | +11.6% |
| Cash at bank and in hand | 54/58 | €89,965 | €10,910 | -€79,054 | -87.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €141,153 | €63,378 | -€77,775 | -55.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,693 | €42,918 | -€77,775 | -64.4% |
| Amounts payable within one year | 42/48 | €120,693 | €42,918 | -€77,775 | -64.4% |
| Trade debts | 44 | €2,459 | €2,031 | -€429 | -17.4% |
| Suppliers | 440/4 | €2,459 | €2,031 | -€429 | -17.4% |
| Taxes, remuneration and social security | 45 | €14,778 | €20,554 | +€5,776 | +39.1% |
| Taxes | 450/3 | €12,461 | €18,237 | +€5,776 | +46.3% |
| Remuneration and social security | 454/9 | €2,317 | €2,317 | = | 0.0% |
| Other amounts payable | 47/48 | €103,455 | €20,333 | -€83,122 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €2,477 | -€269 | -9.8% |
| Other operating charges | 640/8 | €351 | €313 | -€38 | -10.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €136,973 | €158,766 | +€21,793 | +15.9% |
| Operating profit (loss) | 9901 | €133,875 | €155,975 | +€22,100 | +16.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €755 | €487 | -€268 | -35.5% |
| Recurring financial charges | 65 | €755 | €487 | -€268 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €133,120 | €155,488 | +€22,368 | +16.8% |
| Income taxes | 67/77 | €29,665 | €35,155 | +€5,490 | +18.5% |
| Profit (loss) for the period | 9904 | €103,455 | €120,333 | +€16,878 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,455 | €120,333 | +€16,878 | +16.3% |
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.