PBP CONSTRUCT: 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.
PBP CONSTRUCT
Largest movements
- Stocks and contracts -€174,838
no longer reported in 2025 (was €174,838)
- Cash +€98,967
up €98,967 (+37426.6%), from €264 to €99,232
mainly Stocks and contracts (+€174,838) and Tax, wage and social debts (+€44,676)
- Current portion of long-term debt -€135,000
no longer reported in 2025 (was €135,000)
- Tax, wage and social debts +€44,676
new in 2025: €44,676
- Profit (loss) carried forward +€13,739
up €13,739 (+58.9%), from -€23,344 to -€9,605
- Trade debts -€13,263
down €13,263 (-77.4%), from €17,136 to €3,873
- Other debts +€12,978
up €12,978 (+34.1%), from €38,089 to €51,067
- Gross operating margin -€97,915
down €97,915, from €73,270 to -€24,645
- Write-downs -€87,419
down €87,419, from €43,710 to -€43,710
- Financial charges -€7,267
down €7,267 (-67.1%), from €10,828 to €3,561
- Staff costs -€2,913
no longer reported in 2025 (was €2,913)
- Depreciation -€1,968
no longer reported in 2025 (was €1,968)
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 | €176,881 | €100,012 | -€76,870 | -43.5% |
| Current assets | 29/58 | €176,881 | €100,012 | -€76,870 | -43.5% |
| Stocks and contracts in progress | 3 | €174,838 | - | -€174,838 | |
| Stocks | 30/36 | €174,838 | - | -€174,838 | |
| Amounts receivable within one year | 40/41 | €1,779 | €780 | -€999 | -56.1% |
| Trade receivables | 40 | €1,779 | €780 | -€999 | -56.1% |
| Cash at bank and in hand | 54/58 | €264 | €99,232 | +€98,967 | +37426.6% |
| Total equity and liabilities | 10/49 | €176,881 | €100,012 | -€76,870 | -43.5% |
| Equity | 10/15 | -€13,344 | €395 | +€13,739 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,344 | -€9,605 | +€13,739 | +58.9% |
| Amounts payable | 17/49 | €190,225 | €99,616 | -€90,609 | -47.6% |
| Amounts payable within one year | 42/48 | €190,225 | €99,616 | -€90,609 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €135,000 | - | -€135,000 | |
| Trade debts | 44 | €17,136 | €3,873 | -€13,263 | -77.4% |
| Suppliers | 440/4 | €17,136 | €3,873 | -€13,263 | -77.4% |
| Taxes, remuneration and social security | 45 | - | €44,676 | +€44,676 | |
| Taxes | 450/3 | - | €44,676 | +€44,676 | |
| Other amounts payable | 47/48 | €38,089 | €51,067 | +€12,978 | +34.1% |
| Non-recurring operating income | 76A | €75,000 | - | -€75,000 | |
| Remuneration, social security and pensions | 62 | €2,913 | - | -€2,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,968 | - | -€1,968 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,710 | -€43,710 | -€87,419 | |
| Other operating charges | 640/8 | €1,000 | €2,233 | +€1,233 | +123.3% |
| Gross operating margin | 9900 | €73,270 | -€24,645 | -€97,915 | |
| Operating profit (loss) | 9901 | €23,680 | €16,832 | -€6,848 | -28.9% |
| Financial income | 75/76B | €1 | €468 | +€467 | +40271.6% |
| Recurring financial income | 75 | €1 | €468 | +€467 | +40271.6% |
| Financial charges | 65/66B | €10,828 | €3,561 | -€7,267 | -67.1% |
| Recurring financial charges | 65 | €10,828 | €3,561 | -€7,267 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €12,853 | €13,739 | +€886 | +6.9% |
| Profit (loss) for the period | 9904 | €12,853 | €13,739 | +€886 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,853 | €13,739 | +€886 | +6.9% |
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 10 October 2026 via checked.be.