PJB-Consulting: what changed
PJB-Consulting
Largest movements
- Cash +€83,125
up €83,125 (+155%), from €53,595 to €136,720
mainly Current investments (+€54,956) and Net result for the year (+€18,346)
- Current investments -€54,956
down €54,956 (-60.1%), from €91,392 to €36,436
- Receivables within one year -€16,820
down €16,820 (-91.1%), from €18,467 to €1,647
of which Trade receivables: -€16,776
- Tangible fixed assets +€2,425
up €2,425 (+64.8%), from €3,743 to €6,167
of which Furniture and vehicles: +€3,842
- Deferred charges and accrued income -€1,959
down €1,959 (-41.0%), from €4,774 to €2,814
- Reserves +€17,513
up €17,513 (+16.2%), from €108,058 to €125,571
- Other debts -€7,520
down €7,520 (-17.7%), from €42,383 to €34,863
- Trade debts -€3,198
down €3,198 (-49.0%), from €6,527 to €3,329
- Debts after one year +€2,201
new in 2025: €2,201
- Tax, wage and social debts +€1,915
up €1,915 (+14.4%), from €13,256 to €15,172
- Gross operating margin +€2,885
up €2,885 (+9.6%), from €30,196 to €33,081
- Taxes +€2,312
up €2,312 (+27.7%), from €8,347 to €10,659
- Financial charges +€1,401
up €1,401 (+848%), from €165 to €1,566
- Depreciation +€936
up €936 (+51.0%), from €1,833 to €2,769
- Financial income +€600
up €600 (+338%), from €178 to €778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,970 | €183,785 | +€11,815 | +6.9% |
| Fixed assets | 21/28 | €3,743 | €6,167 | +€2,425 | +64.8% |
| Tangible fixed assets | 22/27 | €3,743 | €6,167 | +€2,425 | +64.8% |
| Land and buildings | 22 | €2,138 | €1,140 | -€998 | -46.7% |
| Plant, machinery and equipment | 23 | €1,204 | €785 | -€420 | -34.9% |
| Furniture and vehicles | 24 | €401 | €4,243 | +€3,842 | +959% |
| Current assets | 29/58 | €168,228 | €177,618 | +€9,390 | +5.6% |
| Amounts receivable within one year | 40/41 | €18,467 | €1,647 | -€16,820 | -91.1% |
| Trade receivables | 40 | €17,908 | €1,132 | -€16,776 | -93.7% |
| Other amounts receivable | 41 | €558 | €515 | -€43 | -7.8% |
| Current investments | 50/53 | €91,392 | €36,436 | -€54,956 | -60.1% |
| Cash at bank and in hand | 54/58 | €53,595 | €136,720 | +€83,125 | +155% |
| Deferred charges and accrued income | 490/1 | €4,774 | €2,814 | -€1,959 | -41.0% |
| Total equity and liabilities | 10/49 | €171,970 | €183,785 | +€11,815 | +6.9% |
| Equity | 10/15 | €108,058 | €125,571 | +€17,513 | +16.2% |
| Reserves | 13 | €108,058 | €125,571 | +€17,513 | +16.2% |
| Distributable reserves | 133 | €108,058 | €125,571 | +€17,513 | +16.2% |
| Amounts payable | 17/49 | €63,912 | €58,214 | -€5,698 | -8.9% |
| Amounts payable after more than one year | 17 | - | €2,201 | +€2,201 | |
| Financial debts | 170/4 | - | €2,201 | +€2,201 | |
| Amounts payable within one year | 42/48 | €63,912 | €56,013 | -€7,899 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,809 | +€1,809 | |
| Financial debts | 43 | €1,746 | €840 | -€906 | -51.9% |
| Credit institutions | 430/8 | €1,746 | €840 | -€906 | -51.9% |
| Trade debts | 44 | €6,527 | €3,329 | -€3,198 | -49.0% |
| Suppliers | 440/4 | €6,527 | €3,329 | -€3,198 | -49.0% |
| Taxes, remuneration and social security | 45 | €13,256 | €15,172 | +€1,915 | +14.4% |
| Taxes | 450/3 | €13,256 | €15,172 | +€1,915 | +14.4% |
| Other amounts payable | 47/48 | €42,383 | €34,863 | -€7,520 | -17.7% |
| Non-recurring operating income | 76A | - | €13,332 | +€13,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €2,769 | +€936 | +51.0% |
| Other operating charges | 640/8 | €550 | €520 | -€31 | -5.6% |
| Gross operating margin | 9900 | €30,196 | €33,081 | +€2,885 | +9.6% |
| Operating profit (loss) | 9901 | €27,813 | €29,793 | +€1,980 | +7.1% |
| Financial income | 75/76B | €178 | €778 | +€600 | +338% |
| Recurring financial income | 75 | €178 | €778 | +€600 | +338% |
| Financial charges | 65/66B | €165 | €1,566 | +€1,401 | +848% |
| Recurring financial charges | 65 | €165 | €1,566 | +€1,401 | +848% |
| Profit (loss) for the period before taxes | 9903 | €27,826 | €29,005 | +€1,179 | +4.2% |
| Income taxes | 67/77 | €8,347 | €10,659 | +€2,312 | +27.7% |
| Profit (loss) for the period | 9904 | €19,479 | €18,346 | -€1,133 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,479 | €18,346 | -€1,133 | -5.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.