PBLogistics: 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.
PBLogistics
Largest movements
- Receivables within one year -€31,173
down €31,173 (-79.8%), from €39,040 to €7,867
of which Trade receivables: -€30,673
- Cash +€18,366
up €18,366 (+1,143%), from €1,607 to €19,973
mainly Receivables within one year (+€31,173) and Net result for the year (+€12,611)
- Tangible fixed assets +€4,397
up €4,397, from €0 to €4,397
- Trade debts -€22,957
down €22,957 (-95.5%), from €24,039 to €1,082
- Profit (loss) carried forward +€12,599
up €12,599 (+414%), from €3,041 to €15,641
- Other debts +€5,374
new in 2026: €5,374
- Tax, wage and social debts -€3,427
down €3,427 (-29.6%), from €11,567 to €8,140
- Other operating charges -€2,716
down €2,716 (-95.7%), from €2,837 to €121
- Depreciation +€933
new in 2026: €933
- Gross operating margin -€622
down €622 (-3.3%), from €19,005 to €18,383
- Taxes -€418
down €418 (-8.3%), from €5,055 to €4,637
- Financial charges -€215
down €215 (-72.9%), from €295 to €80
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,647 | €32,237 | -€8,410 | -20.7% |
| Fixed assets | 21/28 | - | €4,397 | +€4,397 | |
| Tangible fixed assets | 22/27 | €0 | €4,397 | +€4,397 | |
| Furniture and vehicles | 24 | - | €4,397 | +€4,397 | |
| Current assets | 29/58 | €40,647 | €27,840 | -€12,807 | -31.5% |
| Amounts receivable within one year | 40/41 | €39,040 | €7,867 | -€31,173 | -79.8% |
| Trade receivables | 40 | €38,540 | €7,867 | -€30,673 | -79.6% |
| Other amounts receivable | 41 | €499 | - | -€499 | |
| Cash at bank and in hand | 54/58 | €1,607 | €19,973 | +€18,366 | +1,143% |
| Total equity and liabilities | 10/49 | €40,647 | €32,237 | -€8,410 | -20.7% |
| Equity | 10/15 | €5,041 | €17,641 | +€12,599 | +250% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | - | €2,000 | +€2,000 | |
| Issued capital | 100 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €3,041 | €15,641 | +€12,599 | +414% |
| Amounts payable | 17/49 | €35,605 | €14,596 | -€21,009 | -59.0% |
| Amounts payable within one year | 42/48 | €35,605 | €14,596 | -€21,009 | -59.0% |
| Trade debts | 44 | €24,039 | €1,082 | -€22,957 | -95.5% |
| Suppliers | 440/4 | €24,039 | €1,082 | -€22,957 | -95.5% |
| Taxes, remuneration and social security | 45 | €11,567 | €8,140 | -€3,427 | -29.6% |
| Taxes | 450/3 | €11,567 | €8,140 | -€3,427 | -29.6% |
| Other amounts payable | 47/48 | - | €5,374 | +€5,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €933 | +€933 | |
| Other operating charges | 640/8 | €2,837 | €121 | -€2,716 | -95.7% |
| Non-recurring operating charges | 66A | €4,333 | - | -€4,333 | |
| Gross operating margin | 9900 | €19,005 | €18,383 | -€622 | -3.3% |
| Operating profit (loss) | 9901 | €11,834 | €17,328 | +€5,494 | +46.4% |
| Financial charges | 65/66B | €295 | €80 | -€215 | -72.9% |
| Recurring financial charges | 65 | €295 | €80 | -€215 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €11,539 | €17,248 | +€5,709 | +49.5% |
| Income taxes | 67/77 | €5,055 | €4,637 | -€418 | -8.3% |
| Profit (loss) for the period | 9904 | €6,484 | €12,611 | +€6,127 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,484 | €12,611 | +€6,127 | +94.5% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.