PJB International: what changed
What changed
PJB International
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€52,986
2024 · €44,724+€8,262
Equity
€222,049
2024 · €169,063+€52,986
Cash
€118,078
2024 · €87,567+€30,512
Balance sheet total
€554,979
2024 · €523,228+€31,751
Largest movements
Assets
- Cash +€30,512
up €30,512 (+34.8%), from €87,567 to €118,078
mainly Net result for the year (+€52,986) and Deferred charges and accrued income (+€3,074)
Equity and liabilities
- Reserves +€52,986
up €52,986 (+35.2%), from €150,513 to €203,499
- Debts after one year -€11,680
down €11,680 (-3.6%), from €320,988 to €309,308
- Tax, wage and social debts -€11,006
down €11,006 (-67.2%), from €16,369 to €5,363
of which Taxes: -€8,720
Income statement
- Gross operating margin +€9,778
up €9,778 (+13.8%), from €70,853 to €80,631
- Taxes +€2,647
up €2,647 (+15.5%), from €17,035 to €19,682
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.
Result 2024
€44,724
Gross operating margin
+€9,778
Depreciation
+€54
Other operating charges
-€275
Financial income
+€643
Financial charges
+€709
Taxes
-€2,647
Result 2025
€52,986
raises the resultlowers the result
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.
From operations
+€48,259
Investment
-€6,299
Financing
-€11,448
Cash 2024
€87,567
From operations (derived)
+€48,259
Net result for the year
+€52,986
Depreciation
+€1,241
Receivables within one year
+€744
Deferred charges and accrued income
+€3,074
Trade debts
+€1,610
Tax, wage and social debts
-€11,006
Other debts
-€175
Accrued charges and deferred income
-€215
Investment (derived)
-€6,299
Investment in fixed assets (net)
-€6,299
Financing
-€11,448
Debts after one year
-€11,680
Current portion of long-term debt
+€231
Cash 2025
€118,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,228 | €554,979 | +€31,751 | +6.1% |
| Fixed assets | 21/28 | €409,496 | €414,554 | +€5,058 | +1.2% |
| Tangible fixed assets | 22/27 | €5,746 | €10,804 | +€5,058 | +88.0% |
| Plant, machinery and equipment | 23 | €5,101 | €5,093 | -€7 | -0.1% |
| Furniture and vehicles | 24 | €645 | €236 | -€409 | -63.4% |
| Other tangible fixed assets | 26 | - | €5,474 | +€5,474 | |
| Financial fixed assets | 28 | €403,750 | €403,750 | = | 0.0% |
| Current assets | 29/58 | €113,732 | €140,425 | +€26,693 | +23.5% |
| Amounts receivable within one year | 40/41 | €22,721 | €21,977 | -€744 | -3.3% |
| Trade receivables | 40 | €20,221 | €20,662 | +€441 | +2.2% |
| Other amounts receivable | 41 | €2,500 | €1,315 | -€1,185 | -47.4% |
| Cash at bank and in hand | 54/58 | €87,567 | €118,078 | +€30,512 | +34.8% |
| Deferred charges and accrued income | 490/1 | €3,444 | €370 | -€3,074 | -89.3% |
| Total equity and liabilities | 10/49 | €523,228 | €554,979 | +€31,751 | +6.1% |
| Equity | 10/15 | €169,063 | €222,049 | +€52,986 | +31.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €150,513 | €203,499 | +€52,986 | +35.2% |
| Distributable reserves | 133 | €150,513 | €203,499 | +€52,986 | +35.2% |
| Amounts payable | 17/49 | €354,165 | €332,929 | -€21,236 | -6.0% |
| Amounts payable after more than one year | 17 | €320,988 | €309,308 | -€11,680 | -3.6% |
| Financial debts | 170/4 | €320,988 | €309,308 | -€11,680 | -3.6% |
| Amounts payable within one year | 42/48 | €32,962 | €23,621 | -€9,341 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €11,448 | €11,680 | +€231 | +2.0% |
| Trade debts | 44 | €4,969 | €6,579 | +€1,610 | +32.4% |
| Suppliers | 440/4 | €4,969 | €6,579 | +€1,610 | +32.4% |
| Taxes, remuneration and social security | 45 | €16,369 | €5,363 | -€11,006 | -67.2% |
| Taxes | 450/3 | €14,082 | €5,363 | -€8,720 | -61.9% |
| Remuneration and social security | 454/9 | €2,287 | - | -€2,287 | |
| Other amounts payable | 47/48 | €175 | - | -€175 | |
| Accrued charges and deferred income | 492/3 | €215 | - | -€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | €1,241 | -€54 | -4.2% |
| Other operating charges | 640/8 | €306 | €580 | +€275 | +89.9% |
| Gross operating margin | 9900 | €70,853 | €80,631 | +€9,778 | +13.8% |
| Operating profit (loss) | 9901 | €69,252 | €78,810 | +€9,557 | +13.8% |
| Financial income | 75/76B | €0 | €643 | +€643 | +3,216,050% |
| Recurring financial income | 75 | €0 | €643 | +€643 | +3,216,050% |
| Financial charges | 65/66B | €7,493 | €6,784 | -€709 | -9.5% |
| Recurring financial charges | 65 | €7,493 | €6,784 | -€709 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €61,759 | €72,669 | +€10,909 | +17.7% |
| Income taxes | 67/77 | €17,035 | €19,682 | +€2,647 | +15.5% |
| Profit (loss) for the period | 9904 | €44,724 | €52,986 | +€8,262 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,724 | €52,986 | +€8,262 | +18.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.