PBRS: 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.
PBRS
Largest movements
- Cash +€24,048
up €24,048 (+153.4%), from €15,677 to €39,725
mainly Net result for the year (+€31,208) and Depreciation (+€12,580)
- Current investments +€6,000
up €6,000 (+52.2%), from €11,500 to €17,500
- Reserves +€30,375
up €30,375 (+45.3%), from €67,000 to €97,375
- Debts after one year -€8,294
down €8,294 (-31.9%), from €25,992 to €17,698
- Trade debts +€7,699
up €7,699 (+412.4%), from €1,867 to €9,565
- Gross operating margin -€11,006
down €11,006 (-9.9%), from €111,297 to €100,292
- Other operating charges +€5,391
new in 2025: €5,391
- Financial charges -€1,766
down €1,766 (-4.9%), from €35,718 to €33,951
- Depreciation +€1,626
up €1,626 (+14.8%), from €10,954 to €12,580
- Financial income +€1,249
up €1,249 (+12489100.0%), from €0 to €1,249
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 | €144,697 | €174,656 | +€29,959 | +20.7% |
| Fixed assets | 21/28 | €55,563 | €55,817 | +€253 | +0.5% |
| Tangible fixed assets | 22/27 | €55,563 | €55,817 | +€253 | +0.5% |
| Furniture and vehicles | 24 | €39,158 | €31,218 | -€7,940 | -20.3% |
| Other tangible fixed assets | 26 | €16,405 | €24,599 | +€8,193 | +49.9% |
| Current assets | 29/58 | €89,134 | €118,840 | +€29,706 | +33.3% |
| Amounts receivable within one year | 40/41 | €58,077 | €56,465 | -€1,612 | -2.8% |
| Trade receivables | 40 | €31,117 | €32,113 | +€997 | +3.2% |
| Other amounts receivable | 41 | €26,960 | €24,352 | -€2,609 | -9.7% |
| Current investments | 50/53 | €11,500 | €17,500 | +€6,000 | +52.2% |
| Cash at bank and in hand | 54/58 | €15,677 | €39,725 | +€24,048 | +153.4% |
| Deferred charges and accrued income | 490/1 | €3,880 | €5,149 | +€1,269 | +32.7% |
| Total equity and liabilities | 10/49 | €144,697 | €174,656 | +€29,959 | +20.7% |
| Equity | 10/15 | €74,736 | €105,111 | +€30,375 | +40.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €97,375 | +€30,375 | +45.3% |
| Distributable reserves | 133 | €67,000 | €97,375 | +€30,375 | +45.3% |
| Profit (loss) carried forward | 14 | €4,736 | €4,736 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €29,989 | €30,931 | +€942 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €29,989 | €30,931 | +€942 | +3.1% |
| Other liabilities and charges | 164/5 | €29,989 | €30,931 | +€942 | +3.1% |
| Amounts payable | 17/49 | €39,972 | €38,614 | -€1,358 | -3.4% |
| Amounts payable after more than one year | 17 | €25,992 | €17,698 | -€8,294 | -31.9% |
| Financial debts | 170/4 | €25,992 | €17,698 | -€8,294 | -31.9% |
| Amounts payable within one year | 42/48 | €13,980 | €20,916 | +€6,936 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €7,944 | €8,294 | +€350 | +4.4% |
| Trade debts | 44 | €1,867 | €9,565 | +€7,699 | +412.4% |
| Suppliers | 440/4 | €1,867 | €9,565 | +€7,699 | +412.4% |
| Taxes, remuneration and social security | 45 | €3,568 | €2,390 | -€1,177 | -33.0% |
| Taxes | 450/3 | €3,568 | €2,390 | -€1,177 | -33.0% |
| Other amounts payable | 47/48 | €601 | €666 | +€65 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,954 | €12,580 | +€1,626 | +14.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,658 | €942 | -€716 | -43.2% |
| Other operating charges | 640/8 | - | €5,391 | +€5,391 | |
| Gross operating margin | 9900 | €111,297 | €100,292 | -€11,006 | -9.9% |
| Operating profit (loss) | 9901 | €98,685 | €81,378 | -€17,307 | -17.5% |
| Financial income | 75/76B | €0 | €1,249 | +€1,249 | +12489100.0% |
| Recurring financial income | 75 | €0 | €1,249 | +€1,249 | +12489100.0% |
| Financial charges | 65/66B | €35,718 | €33,951 | -€1,766 | -4.9% |
| Recurring financial charges | 65 | €35,718 | €33,951 | -€1,766 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €62,968 | €48,676 | -€14,292 | -22.7% |
| Income taxes | 67/77 | €18,454 | €17,468 | -€986 | -5.3% |
| Profit (loss) for the period | 9904 | €44,513 | €31,208 | -€13,306 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,513 | €31,208 | -€13,306 | -29.9% |
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 8 October 2026 via checked.be.