PBL CONSULT: 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.
PBL CONSULT
Largest movements
- Cash +€7,433
up €7,433 (+1084.9%), from €685 to €8,118
mainly Depreciation (+€6,455) and Current investments (+€2,356)
- Tangible fixed assets -€6,455
down €6,455 (-20.3%), from €31,800 to €25,345
of which Land and buildings: -€6,122
- Current investments -€2,356
down €2,356 (-7.2%), from €32,849 to €30,493
- Profit (loss) carried forward -€2,313
down €2,313 (-15.2%), from -€15,174 to -€17,487
- Financial income -€55,873
down €55,873 (-95.5%), from €58,507 to €2,634
- Gross operating margin +€7,882
up €7,882, from -€4,738 to €3,144
- Financial charges -€380
down €380 (-54.1%), from €702 to €322
- Depreciation -€75
down €75 (-1.1%), from €6,530 to €6,455
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 | €66,042 | €64,144 | -€1,898 | -2.9% |
| Fixed assets | 21/28 | €31,800 | €25,345 | -€6,455 | -20.3% |
| Tangible fixed assets | 22/27 | €31,800 | €25,345 | -€6,455 | -20.3% |
| Land and buildings | 22 | €31,467 | €25,345 | -€6,122 | -19.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €333 | €0 | -€333 | -100.0% |
| Current assets | 29/58 | €34,242 | €38,799 | +€4,557 | +13.3% |
| Amounts receivable within one year | 40/41 | €578 | €58 | -€520 | -90.0% |
| Other amounts receivable | 41 | €578 | €58 | -€520 | -90.0% |
| Current investments | 50/53 | €32,849 | €30,493 | -€2,356 | -7.2% |
| Cash at bank and in hand | 54/58 | €685 | €8,118 | +€7,433 | +1084.9% |
| Deferred charges and accrued income | 490/1 | €130 | €131 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €66,042 | €64,144 | -€1,898 | -2.9% |
| Equity | 10/15 | €55,264 | €52,951 | -€2,313 | -4.2% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €57,838 | €57,838 | = | 0.0% |
| Distributable reserves | 133 | €57,838 | €57,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,174 | -€17,487 | -€2,313 | -15.2% |
| Amounts payable | 17/49 | €10,777 | €11,193 | +€415 | +3.9% |
| Amounts payable within one year | 42/48 | €10,777 | €11,193 | +€415 | +3.9% |
| Other amounts payable | 47/48 | €10,777 | €11,193 | +€415 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,530 | €6,455 | -€75 | -1.1% |
| Other operating charges | 640/8 | €1,278 | €1,314 | +€36 | +2.8% |
| Gross operating margin | 9900 | -€4,738 | €3,144 | +€7,882 | |
| Operating profit (loss) | 9901 | -€12,546 | -€4,625 | +€7,921 | +63.1% |
| Financial income | 75/76B | €58,507 | €2,634 | -€55,873 | -95.5% |
| Recurring financial income | 75 | €58,507 | €2,634 | -€55,873 | -95.5% |
| Financial charges | 65/66B | €702 | €322 | -€380 | -54.1% |
| Recurring financial charges | 65 | €702 | €322 | -€380 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €45,259 | -€2,313 | -€47,573 | |
| Profit (loss) for the period | 9904 | €45,259 | -€2,313 | -€47,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,259 | -€2,313 | -€47,573 |
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 9 October 2026 via checked.be.