PIBELCO: 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.
PIBELCO
Largest movements
- Tangible fixed assets -€4,109
down €4,109 (-4.1%), from €99,965 to €95,856
of which Furniture and vehicles: -€14,964
- Profit (loss) carried forward -€3,572
down €3,572 (-7.1%), from -€50,522 to -€54,095
- Other debts -€2,374
down €2,374 (-6.5%), from €36,385 to €34,011
- Trade debts +€2,162
up €2,162 (+1,761%), from €123 to €2,285
- Gross operating margin -€23,757
down €23,757 (-47.9%), from €49,642 to €25,885
- Depreciation +€1,998
up €1,998 (+8.0%), from €24,992 to €26,990
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 | €180,777 | €175,326 | -€5,451 | -3.0% |
| Fixed assets | 21/28 | €99,965 | €95,856 | -€4,109 | -4.1% |
| Tangible fixed assets | 22/27 | €99,965 | €95,856 | -€4,109 | -4.1% |
| Land and buildings | 22 | €71,370 | €84,384 | +€13,014 | +18.2% |
| Plant, machinery and equipment | 23 | €6,477 | €4,318 | -€2,159 | -33.3% |
| Furniture and vehicles | 24 | €22,118 | €7,154 | -€14,964 | -67.7% |
| Current assets | 29/58 | €80,812 | €79,470 | -€1,342 | -1.7% |
| Amounts receivable within one year | 40/41 | €4,840 | €3,358 | -€1,482 | -30.6% |
| Trade receivables | 40 | €4,840 | €1,815 | -€3,025 | -62.5% |
| Other amounts receivable | 41 | - | €1,543 | +€1,543 | |
| Cash at bank and in hand | 54/58 | €75,972 | €76,112 | +€140 | +0.2% |
| Total equity and liabilities | 10/49 | €180,777 | €175,326 | -€5,451 | -3.0% |
| Equity | 10/15 | €140,925 | €137,353 | -€3,572 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,847 | €172,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,252 | €3,252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,252 | €3,252 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €150,846 | €150,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,522 | -€54,095 | -€3,572 | -7.1% |
| Amounts payable | 17/49 | €39,852 | €37,974 | -€1,879 | -4.7% |
| Amounts payable within one year | 42/48 | €39,852 | €37,974 | -€1,879 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €1,276 | - | -€1,276 | |
| Trade debts | 44 | €123 | €2,285 | +€2,162 | +1,761% |
| Suppliers | 440/4 | €123 | €2,285 | +€2,162 | +1,761% |
| Taxes, remuneration and social security | 45 | €2,069 | €1,678 | -€391 | -18.9% |
| Taxes | 450/3 | €2,069 | €1,678 | -€391 | -18.9% |
| Other amounts payable | 47/48 | €36,385 | €34,011 | -€2,374 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,992 | €26,990 | +€1,998 | +8.0% |
| Other operating charges | 640/8 | €1,529 | €1,593 | +€64 | +4.2% |
| Gross operating margin | 9900 | €49,642 | €25,885 | -€23,757 | -47.9% |
| Operating profit (loss) | 9901 | €23,121 | -€2,697 | -€25,818 | |
| Financial income | 75/76B | €7 | €1 | -€6 | -91.1% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -91.1% |
| Financial charges | 65/66B | €98 | €53 | -€45 | -45.9% |
| Recurring financial charges | 65 | €98 | €53 | -€45 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €23,030 | -€2,750 | -€25,779 | |
| Income taxes | 67/77 | €857 | €823 | -€35 | -4.0% |
| Profit (loss) for the period | 9904 | €22,172 | -€3,572 | -€25,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,172 | -€3,572 | -€25,745 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.