PKB EXPRESS: 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.
PKB EXPRESS
Largest movements
- Cash -€20,236
down €20,236 (-42.5%), from €47,572 to €27,336
mainly Investment in fixed assets (net) (-€46,436) and Tax, wage and social debts (-€29,077)
- Receivables within one year +€10,814
up €10,814 (+36.8%), from €29,348 to €40,161
of which Trade receivables: +€8,657
- Tangible fixed assets +€5,083
up €5,083 (+6.4%), from €79,463 to €84,545
of which Land and buildings: +€29,807
- Stocks and contracts -€4,616
down €4,616 (-5.9%), from €78,197 to €73,581
- Receivables after one year +€4,194
up €4,194 (+2.6%), from €163,751 to €167,944
- Trade debts +€35,818
up €35,818 (+23.8%), from €150,278 to €186,096
- Tax, wage and social debts -€29,077
down €29,077 (-67.1%), from €43,341 to €14,264
of which Remuneration and social security: -€20,747
- Debts after one year -€18,778
down €18,778 (-26.2%), from €71,649 to €52,871
- Profit (loss) carried forward +€10,265
up €10,265 (+17.9%), from €57,209 to €67,474
- Turnover -€2.1m
no longer reported in 2025 (was €2.1m)
- Purchases and services -€1.9m
no longer reported in 2025 (was €1.9m)
- Gross operating margin +€34,474
up €34,474 (+14.1%), from €244,585 to €279,059
- Staff costs -€27,645
down €27,645 (-12.6%), from €219,837 to €192,192
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 | €404,538 | €399,178 | -€5,360 | -1.3% |
| Fixed assets | 21/28 | €79,688 | €84,770 | +€5,083 | +6.4% |
| Tangible fixed assets | 22/27 | €79,463 | €84,545 | +€5,083 | +6.4% |
| Land and buildings | 22 | - | €29,807 | +€29,807 | |
| Plant, machinery and equipment | 23 | €1,593 | €6,669 | +€5,076 | +319% |
| Furniture and vehicles | 24 | €13,722 | €7,030 | -€6,692 | -48.8% |
| Other tangible fixed assets | 26 | €64,147 | €41,039 | -€23,109 | -36.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €324,850 | €314,408 | -€10,442 | -3.2% |
| Amounts receivable after more than one year | 29 | €163,751 | €167,944 | +€4,194 | +2.6% |
| Other amounts receivable | 291 | €163,751 | €167,944 | +€4,194 | +2.6% |
| Stocks and contracts in progress | 3 | €78,197 | €73,581 | -€4,616 | -5.9% |
| Stocks | 30/36 | €78,197 | €73,581 | -€4,616 | -5.9% |
| Amounts receivable within one year | 40/41 | €29,348 | €40,161 | +€10,814 | +36.8% |
| Trade receivables | 40 | €5,775 | €14,432 | +€8,657 | +150% |
| Other amounts receivable | 41 | €23,572 | €25,729 | +€2,157 | +9.1% |
| Cash at bank and in hand | 54/58 | €47,572 | €27,336 | -€20,236 | -42.5% |
| Deferred charges and accrued income | 490/1 | €5,983 | €5,385 | -€598 | -10.0% |
| Total equity and liabilities | 10/49 | €404,538 | €399,178 | -€5,360 | -1.3% |
| Equity | 10/15 | €107,209 | €117,474 | +€10,265 | +9.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,209 | €67,474 | +€10,265 | +17.9% |
| Amounts payable | 17/49 | €297,329 | €281,704 | -€15,625 | -5.3% |
| Amounts payable after more than one year | 17 | €71,649 | €52,871 | -€18,778 | -26.2% |
| Financial debts | 170/4 | €71,649 | €52,871 | -€18,778 | -26.2% |
| Amounts payable within one year | 42/48 | €225,680 | €228,833 | +€3,153 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €28,061 | €28,473 | +€412 | +1.5% |
| Trade debts | 44 | €150,278 | €186,096 | +€35,818 | +23.8% |
| Suppliers | 440/4 | €150,278 | €186,096 | +€35,818 | +23.8% |
| Taxes, remuneration and social security | 45 | €43,341 | €14,264 | -€29,077 | -67.1% |
| Taxes | 450/3 | €8,330 | €0 | -€8,330 | -100% |
| Remuneration and social security | 454/9 | €35,011 | €14,264 | -€20,747 | -59.3% |
| Other amounts payable | 47/48 | €4,000 | €0 | -€4,000 | -100% |
| Turnover | 70 | €2,122,113 | - | -€2.1m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,886,039 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €219,837 | €192,192 | -€27,645 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,086 | €41,353 | +€1,267 | +3.2% |
| Other operating charges | 640/8 | €1,776 | €1,392 | -€384 | -21.6% |
| Non-recurring operating charges | 66A | - | €3,923 | +€3,923 | |
| Gross operating margin | 9900 | €244,585 | €279,059 | +€34,474 | +14.1% |
| Operating profit (loss) | 9901 | -€17,114 | €40,200 | +€57,314 | |
| Financial income | 75/76B | €9,880 | €7,034 | -€2,846 | -28.8% |
| Recurring financial income | 75 | €9,880 | €7,034 | -€2,846 | -28.8% |
| Financial charges | 65/66B | €11,925 | €32,741 | +€20,816 | +175% |
| Recurring financial charges | 65 | €11,925 | €32,741 | +€20,816 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€19,160 | €14,492 | +€33,652 | |
| Income taxes | 67/77 | €4,785 | €4,227 | -€558 | -11.7% |
| Profit (loss) for the period | 9904 | -€23,945 | €10,265 | +€34,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,945 | €10,265 | +€34,210 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.