PBM Distribution Center: 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.
PBM Distribution Center
Largest movements
- Receivables within one year +€13,833
new in 2025: €13,833
of which Other amounts receivable: +€11,583
- Debts after one year +€319,775
up €319,775 (+10,659%), from €3,000 to €322,775
of which Financial debts: +€319,775
- Other debts -€280,977
down €280,977 (-85.7%), from €327,700 to €46,723
- Current portion of long-term debt +€19,249
new in 2025: €19,249
- Accrued charges and deferred income -€14,959
down €14,959 (-98.6%), from €15,168 to €209
- Profit (loss) carried forward -€10,583
down €10,583 (-5.3%), from €201,428 to €190,844
- Gross operating margin -€67,523
down €67,523 (-74.9%), from €90,165 to €22,642
- Taxes -€15,002
down €15,002, from €14,852 to -€150
- Other operating charges +€8,591
up €8,591 (+52.6%), from €16,330 to €24,921
- Financial charges -€7,486
down €7,486 (-48.0%), from €15,584 to €8,098
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 | €593,534 | €618,720 | +€25,186 | +4.2% |
| Fixed assets | 21/28 | €593,500 | €597,515 | +€4,015 | +0.7% |
| Tangible fixed assets | 22/27 | €593,500 | €597,515 | +€4,015 | +0.7% |
| Land and buildings | 22 | €593,500 | €593,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,015 | +€4,015 | |
| Current assets | 29/58 | €34 | €21,205 | +€21,171 | +61,921% |
| Amounts receivable within one year | 40/41 | - | €13,833 | +€13,833 | |
| Trade receivables | 40 | - | €2,250 | +€2,250 | |
| Other amounts receivable | 41 | - | €11,583 | +€11,583 | |
| Cash at bank and in hand | 54/58 | €34 | €4,470 | +€4,436 | +12,975% |
| Deferred charges and accrued income | 490/1 | - | €2,902 | +€2,902 | |
| Total equity and liabilities | 10/49 | €593,534 | €618,720 | +€25,186 | +4.2% |
| Equity | 10/15 | €232,528 | €221,944 | -€10,583 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,568 | €1,568 | = | 0.0% |
| Distributable reserves | 133 | €10,932 | €10,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,428 | €190,844 | -€10,583 | -5.3% |
| Amounts payable | 17/49 | €361,007 | €396,776 | +€35,769 | +9.9% |
| Amounts payable after more than one year | 17 | €3,000 | €322,775 | +€319,775 | +10,659% |
| Financial debts | 170/4 | - | €319,775 | +€319,775 | |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €342,839 | €73,792 | -€269,047 | -78.5% |
| Current portion of amounts payable after more than one year | 42 | - | €19,249 | +€19,249 | |
| Financial debts | 43 | €9,488 | - | -€9,488 | |
| Credit institutions | 430/8 | €9,488 | - | -€9,488 | |
| Trade debts | 44 | €2,299 | €4,618 | +€2,319 | +101% |
| Suppliers | 440/4 | €2,299 | €4,618 | +€2,319 | +101% |
| Taxes, remuneration and social security | 45 | €3,352 | €3,202 | -€150 | -4.5% |
| Taxes | 450/3 | €3,352 | €3,202 | -€150 | -4.5% |
| Other amounts payable | 47/48 | €327,700 | €46,723 | -€280,977 | -85.7% |
| Accrued charges and deferred income | 492/3 | €15,168 | €209 | -€14,959 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €357 | +€357 | |
| Other operating charges | 640/8 | €16,330 | €24,921 | +€8,591 | +52.6% |
| Gross operating margin | 9900 | €90,165 | €22,642 | -€67,523 | -74.9% |
| Operating profit (loss) | 9901 | €73,835 | -€2,636 | -€76,471 | |
| Financial charges | 65/66B | €15,584 | €8,098 | -€7,486 | -48.0% |
| Recurring financial charges | 65 | €15,584 | €8,098 | -€7,486 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €58,252 | -€10,733 | -€68,985 | |
| Income taxes | 67/77 | €14,852 | -€150 | -€15,002 | |
| Profit (loss) for the period | 9904 | €43,399 | -€10,583 | -€53,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,399 | -€10,583 | -€53,983 |
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 27 October 2026 via checked.be.