PBIT: 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.
PBIT
Largest movements
- Cash -€48,756
down €48,756 (-47.4%), from €102,871 to €54,115
mainly Other debts (-€45,293) and Net result for the year (-€5,824)
- Receivables within one year -€1,381
down €1,381 (-20.9%), from €6,622 to €5,240
of which Other amounts receivable: -€2,584
- Tangible fixed assets -€1,366
down €1,366 (-21.8%), from €6,255 to €4,888
of which Plant, machinery and equipment: -€1,055
- Other debts -€45,293
down €45,293 (-66.1%), from €68,546 to €23,253
- Profit (loss) carried forward -€5,824
down €5,824 (-41.1%), from -€14,173 to -€19,997
- Gross operating margin -€960
down €960 (-32.4%), from -€2,960 to -€3,920
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 | €115,747 | €64,243 | -€51,504 | -44.5% |
| Fixed assets | 21/28 | €6,255 | €4,888 | -€1,366 | -21.8% |
| Tangible fixed assets | 22/27 | €6,255 | €4,888 | -€1,366 | -21.8% |
| Land and buildings | 22 | €2,011 | €1,700 | -€311 | -15.5% |
| Plant, machinery and equipment | 23 | €4,243 | €3,188 | -€1,055 | -24.9% |
| Current assets | 29/58 | €109,493 | €59,355 | -€50,138 | -45.8% |
| Amounts receivable within one year | 40/41 | €6,622 | €5,240 | -€1,381 | -20.9% |
| Trade receivables | 40 | €443 | €1,646 | +€1,203 | +272% |
| Other amounts receivable | 41 | €6,179 | €3,595 | -€2,584 | -41.8% |
| Cash at bank and in hand | 54/58 | €102,871 | €54,115 | -€48,756 | -47.4% |
| Total equity and liabilities | 10/49 | €115,747 | €64,243 | -€51,504 | -44.5% |
| Equity | 10/15 | €46,814 | €40,990 | -€5,824 | -12.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,988 | €59,988 | = | 0.0% |
| Distributable reserves | 133 | €59,988 | €59,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,173 | -€19,997 | -€5,824 | -41.1% |
| Amounts payable | 17/49 | €68,933 | €23,253 | -€45,680 | -66.3% |
| Amounts payable within one year | 42/48 | €68,933 | €23,253 | -€45,680 | -66.3% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €68,546 | €23,253 | -€45,293 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,343 | €1,366 | +€23 | +1.7% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€2,960 | -€3,920 | -€960 | -32.4% |
| Operating profit (loss) | 9901 | -€4,754 | -€5,752 | -€997 | -21.0% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,822 | -€5,824 | -€1,002 | -20.8% |
| Profit (loss) for the period | 9904 | -€4,822 | -€5,824 | -€1,002 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,822 | -€5,824 | -€1,002 | -20.8% |
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 17 October 2026 via checked.be.