PBT Consult: 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.
PBT Consult
Largest movements
- Receivables within one year -€18,184
down €18,184 (-55.9%), from €32,500 to €14,317
of which Trade receivables: -€16,809
- Tangible fixed assets +€7,893
up €7,893 (+18.1%), from €43,667 to €51,560
of which Furniture and vehicles: +€6,715
- Cash +€5,780
up €5,780 (+11.7%), from €49,358 to €55,138
mainly Net result for the year (+€31,108) and Receivables within one year (+€18,184)
- Reserves +€29,000
up €29,000 (+87.9%), from €33,000 to €62,000
- Profit (loss) carried forward -€21,422
down €21,422 (-98.5%), from €21,741 to €319
- Advances received -€15,355
no longer reported in 2025 (was €15,355)
- Tax, wage and social debts +€4,995
up €4,995 (+38.7%), from €12,920 to €17,915
of which Taxes: +€4,995
- Trade debts -€4,324
down €4,324 (-40.3%), from €10,722 to €6,397
- Other operating charges -€32,368
down €32,368 (-95.3%), from €33,950 to €1,582
- Gross operating margin -€26,482
down €26,482 (-30.2%), from €87,604 to €61,122
- Depreciation +€7,696
up €7,696 (+136.8%), from €5,624 to €13,320
- Taxes +€1,744
up €1,744 (+13.5%), from €12,950 to €14,693
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 | €127,217 | €122,100 | -€5,116 | -4.0% |
| Fixed assets | 21/28 | €43,667 | €51,560 | +€7,893 | +18.1% |
| Tangible fixed assets | 22/27 | €43,667 | €51,560 | +€7,893 | +18.1% |
| Plant, machinery and equipment | 23 | €402 | €2,586 | +€2,185 | +543.9% |
| Furniture and vehicles | 24 | €36,897 | €43,612 | +€6,715 | +18.2% |
| Other tangible fixed assets | 26 | €6,369 | €5,363 | -€1,006 | -15.8% |
| Current assets | 29/58 | €83,549 | €70,540 | -€13,009 | -15.6% |
| Amounts receivable within one year | 40/41 | €32,500 | €14,317 | -€18,184 | -55.9% |
| Trade receivables | 40 | €30,450 | €13,641 | -€16,809 | -55.2% |
| Other amounts receivable | 41 | €2,050 | €676 | -€1,374 | -67.0% |
| Cash at bank and in hand | 54/58 | €49,358 | €55,138 | +€5,780 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,085 | -€606 | -35.8% |
| Total equity and liabilities | 10/49 | €127,217 | €122,100 | -€5,116 | -4.0% |
| Equity | 10/15 | €59,741 | €67,319 | +€7,578 | +12.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €62,000 | +€29,000 | +87.9% |
| Distributable reserves | 133 | €33,000 | €62,000 | +€29,000 | +87.9% |
| Profit (loss) carried forward | 14 | €21,741 | €319 | -€21,422 | -98.5% |
| Amounts payable | 17/49 | €67,476 | €54,781 | -€12,694 | -18.8% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,476 | €48,738 | -€12,738 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €1,694 | - | -€1,694 | |
| Trade debts | 44 | €10,722 | €6,397 | -€4,324 | -40.3% |
| Suppliers | 440/4 | €10,722 | €6,397 | -€4,324 | -40.3% |
| Advances received on contracts in progress | 46 | €15,355 | - | -€15,355 | |
| Taxes, remuneration and social security | 45 | €12,920 | €17,915 | +€4,995 | +38.7% |
| Taxes | 450/3 | €10,420 | €15,415 | +€4,995 | +47.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €20,785 | €24,425 | +€3,640 | +17.5% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €13,320 | +€7,696 | +136.8% |
| Other operating charges | 640/8 | €33,950 | €1,582 | -€32,368 | -95.3% |
| Gross operating margin | 9900 | €87,604 | €61,122 | -€26,482 | -30.2% |
| Operating profit (loss) | 9901 | €48,031 | €46,221 | -€1,809 | -3.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,295 | €420 | -€874 | -67.5% |
| Recurring financial charges | 65 | €1,295 | €420 | -€874 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €46,736 | €45,801 | -€935 | -2.0% |
| Income taxes | 67/77 | €12,950 | €14,693 | +€1,744 | +13.5% |
| Profit (loss) for the period | 9904 | €33,786 | €31,108 | -€2,679 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,786 | €31,108 | -€2,679 | -7.9% |
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 12 October 2026 via checked.be.