PBG & A Solutions: 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.
PBG & A Solutions
Largest movements
- Receivables within one year +€13,619
up €13,619 (+37.6%), from €36,188 to €49,807
of which Other amounts receivable: +€19,625
- Cash -€2,754
down €2,754 (-100.0%), from €2,755 to €1
mainly Receivables within one year (-€13,619) and Contributions, distributions and other (-€8,000)
- Reserves +€9,627
up €9,627 (+39.8%), from €24,183 to €33,810
- Advances received -€2,263
down €2,263 (-100%), from €2,263 to €0
- Contributions +€2,000
new in 2025: €2,000
- Tax, wage and social debts +€1,328
up €1,328 (+8.2%), from €16,231 to €17,559
- Gross operating margin -€23,128
down €23,128 (-48.9%), from €47,254 to €24,126
- Taxes -€4,652
down €4,652 (-50.1%), from €9,277 to €4,625
- Financial income +€1,227
up €1,227 (+139%), from €882 to €2,109
- Other operating charges -€564
down €564 (-72.9%), from €774 to €210
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 | €42,676 | €53,369 | +€10,693 | +25.1% |
| Fixed assets | 21/28 | €3,734 | €3,562 | -€172 | -4.6% |
| Tangible fixed assets | 22/27 | €3,734 | €3,562 | -€172 | -4.6% |
| Plant, machinery and equipment | 23 | €1,974 | €1,410 | -€564 | -28.6% |
| Furniture and vehicles | 24 | €1,760 | €2,152 | +€392 | +22.3% |
| Current assets | 29/58 | €38,943 | €49,808 | +€10,865 | +27.9% |
| Amounts receivable within one year | 40/41 | €36,188 | €49,807 | +€13,619 | +37.6% |
| Trade receivables | 40 | €7,076 | €1,071 | -€6,005 | -84.9% |
| Other amounts receivable | 41 | €29,112 | €48,736 | +€19,625 | +67.4% |
| Cash at bank and in hand | 54/58 | €2,755 | €1 | -€2,754 | -100.0% |
| Total equity and liabilities | 10/49 | €42,676 | €53,369 | +€10,693 | +25.1% |
| Equity | 10/15 | €24,183 | €35,810 | +€11,627 | +48.1% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €24,183 | €33,810 | +€9,627 | +39.8% |
| Distributable reserves | 133 | €24,183 | €33,810 | +€9,627 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,493 | €17,559 | -€934 | -5.1% |
| Amounts payable within one year | 42/48 | €18,493 | €17,559 | -€934 | -5.1% |
| Advances received on contracts in progress | 46 | €2,263 | €0 | -€2,263 | -100% |
| Taxes, remuneration and social security | 45 | €16,231 | €17,559 | +€1,328 | +8.2% |
| Taxes | 450/3 | €16,231 | €17,559 | +€1,328 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,721 | €1,727 | +€5 | +0.3% |
| Other operating charges | 640/8 | €774 | €210 | -€564 | -72.9% |
| Gross operating margin | 9900 | €47,254 | €24,126 | -€23,128 | -48.9% |
| Operating profit (loss) | 9901 | €44,758 | €22,189 | -€22,569 | -50.4% |
| Financial income | 75/76B | €882 | €2,109 | +€1,227 | +139% |
| Recurring financial income | 75 | €882 | €2,109 | +€1,227 | +139% |
| Financial charges | 65/66B | €180 | €46 | -€134 | -74.3% |
| Recurring financial charges | 65 | €180 | €46 | -€134 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €45,460 | €24,252 | -€21,208 | -46.7% |
| Income taxes | 67/77 | €9,277 | €4,625 | -€4,652 | -50.1% |
| Profit (loss) for the period | 9904 | €36,183 | €19,627 | -€16,556 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,183 | €19,627 | -€16,556 | -45.8% |
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.