PBLM: 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.
PBLM
Largest movements
- Tangible fixed assets -€15,840
down €15,840 (-38.6%), from €41,010 to €25,170
- Receivables within one year +€14,520
up €14,520 (+200.0%), from €7,260 to €21,780
- Cash +€6,542
up €6,542 (+14.1%), from €46,515 to €53,057
mainly Depreciation (+€15,840) and Net result for the year (+€11,187)
- Debts after one year -€12,000
down €12,000 (-38.7%), from €31,000 to €19,000
- Reserves +€11,000
up €11,000 (+27.5%), from €40,000 to €51,000
of which Distributable reserves: +€11,000
- Other debts +€5,689
up €5,689 (+35.6%), from €15,973 to €21,662
- Trade debts +€1,871
up €1,871 (+542.2%), from €345 to €2,216
- Gross operating margin -€6,534
down €6,534 (-15.1%), from €43,193 to €36,660
- Taxes -€1,077
down €1,077 (-12.9%), from €8,364 to €7,287
- Depreciation -€1,007
down €1,007 (-6.0%), from €16,847 to €15,840
- Financial charges -€473
down €473 (-20.9%), from €2,259 to €1,786
of which Financial charges: -€473
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 | €150,295 | €156,654 | +€6,358 | +4.2% |
| Fixed assets | 21/28 | €96,285 | €80,445 | -€15,840 | -16.5% |
| Tangible fixed assets | 22/27 | €41,010 | €25,170 | -€15,840 | -38.6% |
| Furniture and vehicles | 24 | €41,010 | €25,170 | -€15,840 | -38.6% |
| Financial fixed assets | 28 | €55,275 | €55,275 | = | 0.0% |
| Current assets | 29/58 | €54,010 | €76,208 | +€22,198 | +41.1% |
| Amounts receivable within one year | 40/41 | €7,260 | €21,780 | +€14,520 | +200.0% |
| Trade receivables | 40 | €7,260 | €21,780 | +€14,520 | +200.0% |
| Cash at bank and in hand | 54/58 | €46,515 | €53,057 | +€6,542 | +14.1% |
| Deferred charges and accrued income | 490/1 | €235 | €1,371 | +€1,136 | +483.0% |
| Total equity and liabilities | 10/49 | €150,295 | €156,654 | +€6,358 | +4.2% |
| Equity | 10/15 | €65,600 | €76,788 | +€11,187 | +17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €51,000 | +€11,000 | +27.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €49,000 | +€11,000 | +28.9% |
| Profit (loss) carried forward | 14 | €5,600 | €5,788 | +€187 | +3.3% |
| Amounts payable | 17/49 | €84,695 | €79,866 | -€4,829 | -5.7% |
| Amounts payable after more than one year | 17 | €31,000 | €19,000 | -€12,000 | -38.7% |
| Financial debts | 170/4 | €31,000 | €19,000 | -€12,000 | -38.7% |
| Amounts payable within one year | 42/48 | €53,695 | €60,866 | +€7,171 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €345 | €2,216 | +€1,871 | +542.2% |
| Suppliers | 440/4 | €345 | €2,216 | +€1,871 | +542.2% |
| Taxes, remuneration and social security | 45 | €25,377 | €24,988 | -€389 | -1.5% |
| Taxes | 450/3 | €16,425 | €18,988 | +€2,563 | +15.6% |
| Remuneration and social security | 454/9 | €8,952 | €6,000 | -€2,952 | -33.0% |
| Other amounts payable | 47/48 | €15,973 | €21,662 | +€5,689 | +35.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,847 | €15,840 | -€1,007 | -6.0% |
| Other operating charges | 640/8 | €695 | €560 | -€136 | -19.5% |
| Gross operating margin | 9900 | €43,193 | €36,660 | -€6,534 | -15.1% |
| Operating profit (loss) | 9901 | €25,651 | €20,260 | -€5,391 | -21.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €2,259 | €1,786 | -€473 | -20.9% |
| Recurring financial charges | 65 | €2,259 | €1,786 | -€473 | -20.9% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €23,392 | €18,474 | -€4,918 | -21.0% |
| Income taxes | 67/77 | €8,364 | €7,287 | -€1,077 | -12.9% |
| Profit (loss) for the period | 9904 | €15,029 | €11,187 | -€3,841 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,029 | €11,187 | -€3,841 | -25.6% |
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 1 October 2026 via checked.be.