PFIB: 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.
PFIB
Largest movements
- Cash +€162,631
up €162,631 (+60.2%), from €270,187 to €432,818
mainly Trade debts (+€248,957) and Debts after one year (+€33,162)
- Receivables within one year +€88,596
up €88,596 (+9.8%), from €902,946 to €991,543
of which Trade receivables: +€160,918
- Stocks and contracts +€33,040
up €33,040 (+135.5%), from €24,392 to €57,432
- Tangible fixed assets +€30,450
up €30,450 (+34.4%), from €88,450 to €118,900
of which Furniture and vehicles: +€26,860
- Trade debts +€248,957
up €248,957 (+82.8%), from €300,716 to €549,673
- Debts after one year +€33,162
up €33,162 (+27.7%), from €119,688 to €152,850
of which Advances received on contracts in progress: +€19,045
- Profit (loss) carried forward +€17,073
up €17,073 (+6.5%), from €263,139 to €280,213
- Gross operating margin +€84,727
up €84,727 (+31.7%), from €267,305 to €352,032
- Taxes -€25,000
down €25,000, from €0 to -€25,000
- Staff costs +€14,046
up €14,046 (+4.6%), from €307,071 to €321,117
- Depreciation +€4,689
up €4,689 (+20.0%), from €23,464 to €28,153
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 | €1,291,554 | €1,606,673 | +€315,120 | +24.4% |
| Fixed assets | 21/28 | €88,450 | €118,900 | +€30,450 | +34.4% |
| Tangible fixed assets | 22/27 | €88,450 | €118,900 | +€30,450 | +34.4% |
| Land and buildings | 22 | €25,356 | €24,954 | -€402 | -1.6% |
| Plant, machinery and equipment | 23 | €12,839 | €17,163 | +€4,324 | +33.7% |
| Furniture and vehicles | 24 | €47,923 | €74,783 | +€26,860 | +56.0% |
| Other tangible fixed assets | 26 | €2,331 | €2,000 | -€331 | -14.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €1,203,104 | €1,487,773 | +€284,669 | +23.7% |
| Stocks and contracts in progress | 3 | €24,392 | €57,432 | +€33,040 | +135.5% |
| Stocks | 30/36 | €24,392 | €57,432 | +€33,040 | +135.5% |
| Amounts receivable within one year | 40/41 | €902,946 | €991,543 | +€88,596 | +9.8% |
| Trade receivables | 40 | €609,130 | €770,048 | +€160,918 | +26.4% |
| Other amounts receivable | 41 | €293,816 | €221,495 | -€72,322 | -24.6% |
| Cash at bank and in hand | 54/58 | €270,187 | €432,818 | +€162,631 | +60.2% |
| Deferred charges and accrued income | 490/1 | €5,578 | €5,980 | +€402 | +7.2% |
| Total equity and liabilities | 10/49 | €1,291,554 | €1,606,673 | +€315,120 | +24.4% |
| Equity | 10/15 | €789,949 | €807,023 | +€17,073 | +2.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €518,750 | €518,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,139 | €280,213 | +€17,073 | +6.5% |
| Amounts payable | 17/49 | €501,604 | €799,651 | +€298,047 | +59.4% |
| Amounts payable after more than one year | 17 | €119,688 | €152,850 | +€33,162 | +27.7% |
| Financial debts | 170/4 | €21,157 | €35,274 | +€14,117 | +66.7% |
| Advances received on contracts in progress | 176 | €98,531 | €117,577 | +€19,045 | +19.3% |
| Amounts payable within one year | 42/48 | €381,721 | €645,481 | +€263,760 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €16,321 | €20,148 | +€3,827 | +23.4% |
| Trade debts | 44 | €300,716 | €549,673 | +€248,957 | +82.8% |
| Suppliers | 440/4 | €300,716 | €549,673 | +€248,957 | +82.8% |
| Taxes, remuneration and social security | 45 | €36,243 | €48,947 | +€12,703 | +35.1% |
| Taxes | 450/3 | €5,298 | €279 | -€5,019 | -94.7% |
| Remuneration and social security | 454/9 | €30,946 | €48,668 | +€17,723 | +57.3% |
| Other amounts payable | 47/48 | €28,441 | €26,713 | -€1,727 | -6.1% |
| Accrued charges and deferred income | 492/3 | €195 | €1,319 | +€1,124 | +576.6% |
| Remuneration, social security and pensions | 62 | €307,071 | €321,117 | +€14,046 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,464 | €28,153 | +€4,689 | +20.0% |
| Other operating charges | 640/8 | €5,914 | €7,328 | +€1,414 | +23.9% |
| Gross operating margin | 9900 | €267,305 | €352,032 | +€84,727 | +31.7% |
| Operating profit (loss) | 9901 | -€69,144 | -€4,566 | +€64,578 | +93.4% |
| Financial income | 75/76B | €202 | €679 | +€477 | +236.8% |
| Recurring financial income | 75 | €202 | €679 | +€477 | +236.8% |
| Financial charges | 65/66B | €3,890 | €4,040 | +€150 | +3.9% |
| Recurring financial charges | 65 | €3,890 | €4,040 | +€150 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,832 | -€7,927 | +€64,905 | +89.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €0 | -€25,000 | -€25,000 | |
| Profit (loss) for the period | 9904 | -€72,832 | €17,073 | +€89,905 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,832 | €17,073 | +€89,905 |
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 9 October 2026 via checked.be.