PBP INTERNATIONAL: 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.
What changed
PBP INTERNATIONAL
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.2m+€580,602
Equity
€74.1m
2024 · €72.9m+€1.2m
Cash
€653,585
2024 · €1.1m-€485,255
Balance sheet total
€77.5m
2024 · €75.6m+€1.9m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+45.2%), from €3.0m to €4.4m
of which Trade receivables: +€1.8m
- Current investments +€1.0m
up €1.0m (+1.9%), from €52.7m to €53.7m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+2.3%), from €51.3m to €52.4m
Income statement
- Financial income +€941,377
up €941,377 (+62.5%), from €1.5m to €2.4m
of which Financial income: +€1.0m
- Taxes +€325,925
new in 2025: €325,925
- Services and other goods +€47,902
up €47,902 (+22.1%), from €216,579 to €264,481
- Financial charges -€23,464
down €23,464 (-28.4%), from €82,700 to €59,236
- Other operating income -€12,011
down €12,011 (-99.8%), from €12,034 to €23
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.
Result 2024
€1.2m
Other operating income
-€12,011
Services and other goods
-€47,902
Other operating charges
+€1,599
Financial income
+€941,377
Financial charges
+€23,464
Taxes
-€325,925
Result 2025
€1.8m
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€1.0m
Financing
-€607,233
Cash 2024
€1.1m
From operations (derived)
+€1.1m
Net result for the year
+€1.8m
Receivables within one year
-€1.4m
Trade debts
+€474,953
Tax, wage and social debts
+€319,287
Other debts
-€103,749
Investment (derived)
-€1.0m
Current investments
-€1.0m
Financing
-€607,233
Contributions, distributions and other
-€607,233
Cash 2025
€653,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,632,255 | €77,520,007 | +€1.9m | +2.5% |
| Fixed assets | 21/28 | €18,791,942 | €18,791,942 | = | 0.0% |
| Financial fixed assets | 28 | €18,791,942 | €18,791,942 | = | 0.0% |
| Affiliated companies | 280/1 | €18,666,542 | €18,666,542 | = | 0.0% |
| Participating interests | 280 | €18,666,542 | €18,666,542 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €125,400 | €125,400 | = | 0.0% |
| Participating interests | 282 | €125,400 | €125,400 | = | 0.0% |
| Current assets | 29/58 | €56,840,313 | €58,728,065 | +€1.9m | +3.3% |
| Amounts receivable within one year | 40/41 | €3,009,258 | €4,369,650 | +€1.4m | +45.2% |
| Trade receivables | 40 | €108,286 | €1,860,198 | +€1.8m | +1,618% |
| Other amounts receivable | 41 | €2,900,972 | €2,509,452 | -€391,520 | -13.5% |
| Current investments | 50/53 | €52,692,215 | €53,704,830 | +€1.0m | +1.9% |
| Other investments | 51/53 | €52,692,215 | €53,704,830 | +€1.0m | +1.9% |
| Cash at bank and in hand | 54/58 | €1,138,840 | €653,585 | -€485,255 | -42.6% |
| Total equity and liabilities | 10/49 | €75,632,255 | €77,520,007 | +€1.9m | +2.5% |
| Equity | 10/15 | €72,901,571 | €74,098,833 | +€1.2m | +1.6% |
| Contributions | 10/11 | €20,008,640 | €20,008,640 | = | 0.0% |
| Reserves | 13 | €1,641,170 | €1,641,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,641,170 | €1,641,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,641,170 | €1,641,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,251,761 | €52,449,023 | +€1.2m | +2.3% |
| Amounts payable | 17/49 | €2,730,684 | €3,421,174 | +€690,490 | +25.3% |
| Amounts payable within one year | 42/48 | €2,730,684 | €3,421,174 | +€690,490 | +25.3% |
| Trade debts | 44 | €30,377 | €505,331 | +€474,953 | +1,564% |
| Suppliers | 440/4 | €30,377 | €505,331 | +€474,953 | +1,564% |
| Taxes, remuneration and social security | 45 | €35,340 | €354,626 | +€319,287 | +903% |
| Taxes | 450/3 | €35,340 | €354,626 | +€319,287 | +903% |
| Other amounts payable | 47/48 | €2,664,967 | €2,561,217 | -€103,749 | -3.9% |
| Operating income | 70/76A | €48,034 | €36,023 | -€12,011 | -25.0% |
| Turnover | 70 | €36,000 | €36,000 | = | 0.0% |
| Other operating income | 74 | €12,034 | €23 | -€12,011 | -99.8% |
| Operating charges | 60/66A | €246,883 | €293,186 | +€46,303 | +18.8% |
| Services and other goods | 61 | €216,579 | €264,481 | +€47,902 | +22.1% |
| Other operating charges | 640/8 | €30,304 | €28,705 | -€1,599 | -5.3% |
| Operating profit (loss) | 9901 | -€198,849 | -€257,162 | -€58,314 | -29.3% |
| Financial income | 75/76B | €1,505,441 | €2,446,819 | +€941,377 | +62.5% |
| Recurring financial income | 75 | €1,411,441 | €2,446,819 | +€1.0m | +73.4% |
| Income from financial fixed assets | 750 | €517,930 | €505,960 | -€11,970 | -2.3% |
| Income from current assets | 751 | €893,511 | €1,940,859 | +€1.0m | +117% |
| Non-recurring financial income | 76B | €94,000 | - | -€94,000 | |
| Financial charges | 65/66B | €82,700 | €59,236 | -€23,464 | -28.4% |
| Recurring financial charges | 65 | €82,700 | €59,236 | -€23,464 | -28.4% |
| Debt charges | 650 | €57,640 | €56,372 | -€1,268 | -2.2% |
| Other financial charges | 652/9 | €25,060 | €2,865 | -€22,196 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €1,223,893 | €2,130,420 | +€906,527 | +74.1% |
| Income taxes | 67/77 | - | €325,925 | +€325,925 | |
| Taxes | 670/3 | - | €325,925 | +€325,925 | |
| Profit (loss) for the period | 9904 | €1,223,893 | €1,804,495 | +€580,602 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,223,893 | €1,804,495 | +€580,602 | +47.4% |
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 24 October 2026 via checked.be.