PBR solutions: what changed
Two fiscal 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.
PBR solutions
Largest movements
- Cash +€416,877
up €416,877 (+70.5%), from €590,911 to €1.0m
mainly Net result for the year (+€275,070) and Receivables within one year (+€172,437)
- Receivables within one year -€172,437
down €172,437 (-86.5%), from €199,275 to €26,838
- Tangible fixed assets -€26,316
down €26,316 (-17.2%), from €153,182 to €126,866
of which Furniture and vehicles: -€14,962
- Financial fixed assets +€25,000
up €25,000 (+41.7%), from €60,000 to €85,000
- Reserves +€181,458
up €181,458 (+19.9%), from €910,972 to €1.1m
of which Distributable reserves: +€181,458
- Other debts +€41,542
new in 2025: €41,542
- Tax, wage and social debts +€19,625
up €19,625 (+54.7%), from €35,868 to €55,493
- Turnover +€184,304
up €184,304 (+48.9%), from €376,515 to €560,819
- Gross operating margin +€160,439
up €160,439 (+62.8%), from €255,368 to €415,807
- Taxes +€53,732
up €53,732 (+77.7%), from €69,124 to €122,856
- Purchases and services +€24,491
up €24,491 (+17.1%), from €143,414 to €167,904
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 | €1,003,442 | €1,246,552 | +€243,110 | +24.2% |
| Fixed assets | 21/28 | €213,182 | €211,866 | -€1,316 | -0.6% |
| Tangible fixed assets | 22/27 | €153,182 | €126,866 | -€26,316 | -17.2% |
| Land and buildings | 22 | €119,857 | €108,502 | -€11,354 | -9.5% |
| Furniture and vehicles | 24 | €33,325 | €18,364 | -€14,962 | -44.9% |
| Financial fixed assets | 28 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Current assets | 29/58 | €790,260 | €1,034,686 | +€244,426 | +30.9% |
| Amounts receivable within one year | 40/41 | €199,275 | €26,838 | -€172,437 | -86.5% |
| Other amounts receivable | 41 | €199,275 | €26,838 | -€172,437 | -86.5% |
| Cash at bank and in hand | 54/58 | €590,911 | €1,007,788 | +€416,877 | +70.5% |
| Deferred charges and accrued income | 490/1 | €74 | €61 | -€14 | -18.4% |
| Total equity and liabilities | 10/49 | €1,003,442 | €1,246,552 | +€243,110 | +24.2% |
| Equity | 10/15 | €967,523 | €1,148,981 | +€181,458 | +18.8% |
| Contributions | 10/11 | €56,551 | €56,551 | = | 0.0% |
| Reserves | 13 | €910,972 | €1,092,430 | +€181,458 | +19.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €908,972 | €1,090,430 | +€181,458 | +20.0% |
| Amounts payable | 17/49 | €35,919 | €97,571 | +€61,652 | +171.6% |
| Amounts payable within one year | 42/48 | €35,919 | €97,571 | +€61,652 | +171.6% |
| Trade debts | 44 | €51 | €536 | +€484 | +944.2% |
| Suppliers | 440/4 | €51 | €536 | +€484 | +944.2% |
| Taxes, remuneration and social security | 45 | €35,868 | €55,493 | +€19,625 | +54.7% |
| Taxes | 450/3 | €35,868 | €55,493 | +€19,625 | +54.7% |
| Other amounts payable | 47/48 | - | €41,542 | +€41,542 | |
| Turnover | 70 | €376,515 | €560,819 | +€184,304 | +48.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,414 | €167,904 | +€24,491 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,316 | €26,316 | = | 0.0% |
| Other operating charges | 640/8 | €5,744 | €3,345 | -€2,399 | -41.8% |
| Non-recurring operating charges | 66A | €729 | - | -€729 | |
| Gross operating margin | 9900 | €255,368 | €415,807 | +€160,439 | +62.8% |
| Operating profit (loss) | 9901 | €222,579 | €386,146 | +€163,567 | +73.5% |
| Financial income | 75/76B | €6,791 | €11,935 | +€5,144 | +75.7% |
| Recurring financial income | 75 | €6,791 | €11,935 | +€5,144 | +75.7% |
| Financial charges | 65/66B | €162 | €155 | -€7 | -4.2% |
| Recurring financial charges | 65 | €162 | €155 | -€7 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €229,208 | €397,926 | +€168,718 | +73.6% |
| Income taxes | 67/77 | €69,124 | €122,856 | +€53,732 | +77.7% |
| Profit (loss) for the period | 9904 | €160,084 | €275,070 | +€114,986 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €160,084 | €275,070 | +€114,986 | +71.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.