POBRA: 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.
POBRA
Largest movements
- Receivables within one year +€56,962
up €56,962 (+38.1%), from €149,403 to €206,365
of which Trade receivables: +€51,584
- Cash +€43,418
up €43,418 (+80.8%), from €53,707 to €97,126
mainly Trade debts (+€112,783) and Depreciation (+€58,693)
- Tangible fixed assets +€32,729
up €32,729 (+9.7%), from €337,094 to €369,823
of which Land and buildings: +€23,614
- Trade debts +€112,783
up €112,783 (+227.3%), from €49,615 to €162,399
- Profit (loss) carried forward +€40,078
up €40,078 (+78.8%), from -€50,869 to -€10,792
- Debts after one year -€23,991
down €23,991 (-8.9%), from €270,437 to €246,446
- Advances received +€10,892
up €10,892 (+9.4%), from €115,981 to €126,873
- Staff costs +€65,301
up €65,301 (+10.3%), from €635,261 to €700,562
- Gross operating margin +€65,257
up €65,257 (+8.3%), from €786,430 to €851,686
- Other operating charges -€16,913
down €16,913 (-64.1%), from €26,400 to €9,487
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,770 | €902,868 | +€139,097 | +18.2% |
| Fixed assets | 21/28 | €339,780 | €372,509 | +€32,729 | +9.6% |
| Tangible fixed assets | 22/27 | €337,094 | €369,823 | +€32,729 | +9.7% |
| Land and buildings | 22 | €261,938 | €285,552 | +€23,614 | +9.0% |
| Plant, machinery and equipment | 23 | €7,848 | €10,684 | +€2,836 | +36.1% |
| Furniture and vehicles | 24 | €67,308 | €73,587 | +€6,279 | +9.3% |
| Financial fixed assets | 28 | €2,686 | €2,686 | = | 0.0% |
| Current assets | 29/58 | €423,991 | €530,359 | +€106,368 | +25.1% |
| Stocks and contracts in progress | 3 | €220,880 | €226,868 | +€5,988 | +2.7% |
| Stocks | 30/36 | €220,880 | €226,868 | +€5,988 | +2.7% |
| Amounts receivable within one year | 40/41 | €149,403 | €206,365 | +€56,962 | +38.1% |
| Trade receivables | 40 | €136,616 | €188,200 | +€51,584 | +37.8% |
| Other amounts receivable | 41 | €12,787 | €18,165 | +€5,378 | +42.1% |
| Cash at bank and in hand | 54/58 | €53,707 | €97,126 | +€43,418 | +80.8% |
| Total equity and liabilities | 10/49 | €763,770 | €902,868 | +€139,097 | +18.2% |
| Equity | 10/15 | €37,862 | €75,377 | +€37,515 | +99.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,869 | -€10,792 | +€40,078 | +78.8% |
| Investment grants | 15 | €20,531 | €17,968 | -€2,563 | -12.5% |
| Amounts payable | 17/49 | €725,909 | €827,491 | +€101,583 | +14.0% |
| Amounts payable after more than one year | 17 | €270,437 | €246,446 | -€23,991 | -8.9% |
| Financial debts | 170/4 | €270,437 | €246,446 | -€23,991 | -8.9% |
| Amounts payable within one year | 42/48 | €453,768 | €578,292 | +€124,525 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €40,197 | €41,069 | +€872 | +2.2% |
| Financial debts | 43 | €175,000 | €170,000 | -€5,000 | -2.9% |
| Credit institutions | 430/8 | €175,000 | €170,000 | -€5,000 | -2.9% |
| Trade debts | 44 | €49,615 | €162,399 | +€112,783 | +227.3% |
| Suppliers | 440/4 | €49,615 | €162,399 | +€112,783 | +227.3% |
| Advances received on contracts in progress | 46 | €115,981 | €126,873 | +€10,892 | +9.4% |
| Taxes, remuneration and social security | 45 | €71,897 | €72,011 | +€115 | +0.2% |
| Taxes | 450/3 | €17,193 | €5,587 | -€11,606 | -67.5% |
| Remuneration and social security | 454/9 | €54,703 | €66,424 | +€11,721 | +21.4% |
| Other amounts payable | 47/48 | €1,078 | €5,940 | +€4,862 | +451.3% |
| Accrued charges and deferred income | 492/3 | €1,704 | €2,753 | +€1,049 | +61.5% |
| Remuneration, social security and pensions | 62 | €635,261 | €700,562 | +€65,301 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,334 | €58,693 | +€6,359 | +12.2% |
| Other operating charges | 640/8 | €26,400 | €9,487 | -€16,913 | -64.1% |
| Gross operating margin | 9900 | €786,430 | €851,686 | +€65,257 | +8.3% |
| Operating profit (loss) | 9901 | €72,435 | €82,944 | +€10,509 | +14.5% |
| Financial income | 75/76B | €10,703 | €7,138 | -€3,564 | -33.3% |
| Recurring financial income | 75 | €10,703 | €7,138 | -€3,564 | -33.3% |
| Financial charges | 65/66B | €23,660 | €30,830 | +€7,169 | +30.3% |
| Recurring financial charges | 65 | €23,660 | €30,830 | +€7,169 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €59,477 | €59,253 | -€225 | -0.4% |
| Income taxes | 67/77 | €17,122 | €19,175 | +€2,053 | +12.0% |
| Profit (loss) for the period | 9904 | €42,355 | €40,078 | -€2,277 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,355 | €40,078 | -€2,277 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.