PBMS: 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.
PBMS
Largest movements
- Tangible fixed assets +€295,176
up €295,176 (+55332.3%), from €533 to €295,709
of which Land and buildings: +€293,699
- Receivables within one year +€276,612
up €276,612 (+195.5%), from €141,482 to €418,094
of which Trade receivables: +€244,733
- Stocks and contracts +€186,814
up €186,814 (+67.9%), from €275,101 to €461,914
- Receivables after one year +€142,000
up €142,000 (+130.3%), from €109,000 to €251,000
- Cash +€57,146
up €57,146 (+3307.0%), from €1,728 to €58,874
mainly Trade debts (+€447,940) and Net result for the year (+€227,440)
- Trade debts +€447,940
up €447,940 (+984.3%), from €45,508 to €493,448
- Advances received +€168,340
new in 2025: €168,340
- Other debts +€147,171
up €147,171 (+112.4%), from €130,909 to €278,080
- Tax, wage and social debts +€117,526
up €117,526 (+225.8%), from €52,051 to €169,577
of which Taxes: +€119,200
- Reserves +€59,000
up €59,000 (+35.1%), from €168,000 to €227,000
- Gross operating margin +€270,849
up €270,849 (+451.6%), from €59,981 to €330,829
- Taxes +€71,487
up €71,487 (+708.3%), from €10,093 to €81,580
- Depreciation +€8,809
up €8,809 (+7382.8%), from €119 to €8,928
- Financial charges +€4,201
up €4,201 (+34.1%), from €12,304 to €16,505
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 | €535,492 | €1,523,929 | +€988,436 | +184.6% |
| Fixed assets | 21/28 | €2,713 | €327,889 | +€325,176 | +11983.8% |
| Tangible fixed assets | 22/27 | €533 | €295,709 | +€295,176 | +55332.3% |
| Land and buildings | 22 | - | €293,699 | +€293,699 | |
| Plant, machinery and equipment | 23 | €533 | €2,010 | +€1,477 | +276.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,180 | €32,180 | +€30,000 | +1376.1% |
| Current assets | 29/58 | €532,779 | €1,196,039 | +€663,260 | +124.5% |
| Amounts receivable after more than one year | 29 | €109,000 | €251,000 | +€142,000 | +130.3% |
| Other amounts receivable | 291 | €109,000 | €251,000 | +€142,000 | +130.3% |
| Stocks and contracts in progress | 3 | €275,101 | €461,914 | +€186,814 | +67.9% |
| Stocks | 30/36 | €275,101 | €461,914 | +€186,814 | +67.9% |
| Amounts receivable within one year | 40/41 | €141,482 | €418,094 | +€276,612 | +195.5% |
| Trade receivables | 40 | €104,455 | €349,188 | +€244,733 | +234.3% |
| Other amounts receivable | 41 | €37,027 | €68,906 | +€31,879 | +86.1% |
| Current investments | 50/53 | - | €998 | +€998 | |
| Cash at bank and in hand | 54/58 | €1,728 | €58,874 | +€57,146 | +3307.0% |
| Deferred charges and accrued income | 490/1 | €5,468 | €5,159 | -€309 | -5.7% |
| Total equity and liabilities | 10/49 | €535,492 | €1,523,929 | +€988,436 | +184.6% |
| Equity | 10/15 | €170,535 | €229,975 | +€59,440 | +34.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €168,000 | €227,000 | +€59,000 | +35.1% |
| Distributable reserves | 133 | €168,000 | €227,000 | +€59,000 | +35.1% |
| Profit (loss) carried forward | 14 | €535 | €975 | +€440 | +82.1% |
| Amounts payable | 17/49 | €364,957 | €1,293,954 | +€928,997 | +254.5% |
| Amounts payable after more than one year | 17 | €117,426 | €164,343 | +€46,917 | +40.0% |
| Financial debts | 170/4 | €117,426 | €164,343 | +€46,917 | +40.0% |
| Amounts payable within one year | 42/48 | €246,226 | €1,126,741 | +€880,515 | +357.6% |
| Current portion of amounts payable after more than one year | 42 | €17,758 | €17,295 | -€463 | -2.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €45,508 | €493,448 | +€447,940 | +984.3% |
| Suppliers | 440/4 | €45,508 | €493,448 | +€447,940 | +984.3% |
| Advances received on contracts in progress | 46 | - | €168,340 | +€168,340 | |
| Taxes, remuneration and social security | 45 | €52,051 | €169,577 | +€117,526 | +225.8% |
| Taxes | 450/3 | €50,378 | €169,577 | +€119,200 | +236.6% |
| Remuneration and social security | 454/9 | €1,674 | €0 | -€1,674 | -100.0% |
| Other amounts payable | 47/48 | €130,909 | €278,080 | +€147,171 | +112.4% |
| Accrued charges and deferred income | 492/3 | €1,305 | €2,870 | +€1,565 | +119.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €8,928 | +€8,809 | +7382.8% |
| Other operating charges | 640/8 | €4,073 | €2,465 | -€1,608 | -39.5% |
| Non-recurring operating charges | 66A | €11,886 | €0 | -€11,886 | -100.0% |
| Gross operating margin | 9900 | €59,981 | €330,829 | +€270,849 | +451.6% |
| Operating profit (loss) | 9901 | €43,902 | €319,436 | +€275,534 | +627.6% |
| Financial income | 75/76B | €4,100 | €6,089 | +€1,989 | +48.5% |
| Recurring financial income | 75 | €4,100 | €6,089 | +€1,989 | +48.5% |
| Financial charges | 65/66B | €12,304 | €16,505 | +€4,201 | +34.1% |
| Recurring financial charges | 65 | €12,304 | €16,505 | +€4,201 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €35,698 | €309,019 | +€273,321 | +765.6% |
| Income taxes | 67/77 | €10,093 | €81,580 | +€71,487 | +708.3% |
| Profit (loss) for the period | 9904 | €25,606 | €227,440 | +€201,834 | +788.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,606 | €227,440 | +€201,834 | +788.2% |
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.