PFB: 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.
PFB
Largest movements
- Cash -€55,096
down €55,096 (-89.6%), from €61,522 to €6,426
mainly Net result for the year (-€38,050) and Other debts (-€18,105)
- Tangible fixed assets -€15,308
down €15,308 (-5.0%), from €307,519 to €292,212
- Profit (loss) carried forward -€38,050
down €38,050 (-23.2%), from €163,862 to €125,812
- Other debts -€18,105
no longer reported in 2025 (was €18,105)
- Debts after one year -€13,452
down €13,452 (-8.7%), from €154,747 to €141,295
- Gross operating margin -€24,194
down €24,194, from €14,225 to -€9,969
- Depreciation +€7,187
up €7,187 (+47.1%), from €15,253 to €22,439
- Financial income -€566
no longer reported in 2025 (was €566)
- Other operating charges -€358
down €358 (-19.3%), from €1,854 to €1,496
- Financial charges -€322
down €322 (-7.2%), from €4,468 to €4,146
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,041 | €299,158 | -€69,883 | -18.9% |
| Fixed assets | 21/28 | €307,519 | €292,212 | -€15,308 | -5.0% |
| Tangible fixed assets | 22/27 | €307,519 | €292,212 | -€15,308 | -5.0% |
| Land and buildings | 22 | €307,519 | €292,212 | -€15,308 | -5.0% |
| Current assets | 29/58 | €61,522 | €6,947 | -€54,575 | -88.7% |
| Amounts receivable within one year | 40/41 | €0 | €521 | +€521 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €521 | +€521 | |
| Cash at bank and in hand | 54/58 | €61,522 | €6,426 | -€55,096 | -89.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €369,041 | €299,158 | -€69,883 | -18.9% |
| Equity | 10/15 | €182,462 | €144,412 | -€38,050 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,862 | €125,812 | -€38,050 | -23.2% |
| Amounts payable | 17/49 | €186,580 | €154,747 | -€31,833 | -17.1% |
| Amounts payable after more than one year | 17 | €154,747 | €141,295 | -€13,452 | -8.7% |
| Financial debts | 170/4 | €154,747 | €141,295 | -€13,452 | -8.7% |
| Amounts payable within one year | 42/48 | €31,333 | €13,452 | -€17,881 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €13,128 | €13,452 | +€324 | +2.5% |
| Trade debts | 44 | €100 | - | -€100 | |
| Suppliers | 440/4 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,105 | - | -€18,105 | |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,253 | €22,439 | +€7,187 | +47.1% |
| Other operating charges | 640/8 | €1,854 | €1,496 | -€358 | -19.3% |
| Gross operating margin | 9900 | €14,225 | -€9,969 | -€24,194 | |
| Operating profit (loss) | 9901 | -€2,882 | -€33,904 | -€31,023 | -1,077% |
| Financial income | 75/76B | €566 | - | -€566 | |
| Recurring financial income | 75 | €566 | - | -€566 | |
| Financial charges | 65/66B | €4,468 | €4,146 | -€322 | -7.2% |
| Recurring financial charges | 65 | €4,468 | €4,146 | -€322 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,783 | -€38,050 | -€31,267 | -461% |
| Profit (loss) for the period | 9904 | -€6,783 | -€38,050 | -€31,267 | -461% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,783 | -€38,050 | -€31,267 | -461% |
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 19 October 2026 via checked.be.