PKBX Management: 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.
PKBX Management
Largest movements
- Current investments +€305,485
up €305,485 (+100%), from €305,000 to €610,485
- Receivables within one year -€222,393
down €222,393 (-78.7%), from €282,627 to €60,233
of which Other amounts receivable: -€188,430
- Cash +€165,997
up €165,997 (+123%), from €134,797 to €300,794
mainly Net result for the year (+€296,065) and Receivables within one year (+€222,393)
- Reserves +€296,065
up €296,065 (+58.3%), from €507,470 to €803,535
- Tax, wage and social debts -€47,132
down €47,132 (-22.9%), from €205,777 to €158,645
- Gross operating margin -€159,847
down €159,847 (-28.3%), from €565,154 to €405,307
- Taxes -€44,812
down €44,812 (-25.1%), from €178,284 to €133,471
- Financial income +€18,012
up €18,012 (+259%), from €6,952 to €24,964
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,582 | €974,947 | +€248,364 | +34.2% |
| Fixed assets | 21/28 | €2,153 | €1,668 | -€486 | -22.6% |
| Tangible fixed assets | 22/27 | €2,153 | €1,668 | -€486 | -22.6% |
| Plant, machinery and equipment | 23 | €2,153 | €1,668 | -€486 | -22.6% |
| Current assets | 29/58 | €724,429 | €973,279 | +€248,850 | +34.4% |
| Amounts receivable within one year | 40/41 | €282,627 | €60,233 | -€222,393 | -78.7% |
| Trade receivables | 40 | €83,989 | €50,026 | -€33,963 | -40.4% |
| Other amounts receivable | 41 | €198,637 | €10,208 | -€188,430 | -94.9% |
| Current investments | 50/53 | €305,000 | €610,485 | +€305,485 | +100% |
| Cash at bank and in hand | 54/58 | €134,797 | €300,794 | +€165,997 | +123% |
| Deferred charges and accrued income | 490/1 | €2,005 | €1,766 | -€240 | -12.0% |
| Total equity and liabilities | 10/49 | €726,582 | €974,947 | +€248,364 | +34.2% |
| Equity | 10/15 | €517,470 | €813,535 | +€296,065 | +57.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €507,470 | €803,535 | +€296,065 | +58.3% |
| Distributable reserves | 133 | €507,470 | €803,535 | +€296,065 | +58.3% |
| Amounts payable | 17/49 | €209,112 | €161,411 | -€47,701 | -22.8% |
| Amounts payable within one year | 42/48 | €209,112 | €161,411 | -€47,701 | -22.8% |
| Trade debts | 44 | €3,335 | €2,766 | -€569 | -17.1% |
| Suppliers | 440/4 | €3,335 | €2,766 | -€569 | -17.1% |
| Taxes, remuneration and social security | 45 | €205,777 | €158,645 | -€47,132 | -22.9% |
| Taxes | 450/3 | €205,777 | €158,645 | -€47,132 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €486 | +€210 | +76.3% |
| Other operating charges | 640/8 | €312 | €50 | -€262 | -84.0% |
| Gross operating margin | 9900 | €565,154 | €405,307 | -€159,847 | -28.3% |
| Operating profit (loss) | 9901 | €564,566 | €404,771 | -€159,795 | -28.3% |
| Financial income | 75/76B | €6,952 | €24,964 | +€18,012 | +259% |
| Recurring financial income | 75 | €6,952 | €24,964 | +€18,012 | +259% |
| Financial charges | 65/66B | €51 | €199 | +€148 | +292% |
| Recurring financial charges | 65 | €51 | €199 | +€148 | +292% |
| Profit (loss) for the period before taxes | 9903 | €571,467 | €429,536 | -€141,931 | -24.8% |
| Income taxes | 67/77 | €178,284 | €133,471 | -€44,812 | -25.1% |
| Profit (loss) for the period | 9904 | €393,184 | €296,065 | -€97,118 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €393,184 | €296,065 | -€97,118 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.