De Plassen: 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.
De Plassen
Largest movements
- Tangible fixed assets +€26.1m
up €26.1m (+1352.9%), from €1.9m to €28.0m
of which Assets under construction and advance payments: +€15.6m
- Current investments -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Receivables within one year -€795,524
down €795,524 (-80.7%), from €985,194 to €189,670
of which Trade receivables: -€958,963
- Debts after one year +€25.7m
new in 2025: €25.7m
- Trade debts +€2.4m
up €2.4m (+14482.7%), from €16,863 to €2.5m
- Current portion of long-term debt -€2.3m
down €2.3m (-57.3%), from €4.0m to €1.7m
- Profit (loss) carried forward -€1.7m
down €1.7m, from €128,209 to -€1.6m
- Gross operating margin -€778,042
down €778,042, from €407,695 to -€370,347
- Depreciation +€241,724
up €241,724 (+816.5%), from €29,607 to €271,331
- Financial charges +€150,481
up €150,481 (+183.8%), from €81,875 to €232,356
- Taxes -€30,408
down €30,408 (-98.3%), from €30,937 to €528
- Financial income -€14,703
down €14,703 (-49.5%), from €29,688 to €14,985
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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,688,905 | €28,877,933 | +€24.2m | +515.9% |
| Fixed assets | 21/28 | €1,928,370 | €28,019,829 | +€26.1m | +1353.0% |
| Tangible fixed assets | 22/27 | €1,928,370 | €28,017,964 | +€26.1m | +1352.9% |
| Land and buildings | 22 | €1,784,142 | €5,597,268 | +€3.8m | +213.7% |
| Plant, machinery and equipment | 23 | €121,378 | €6,742,142 | +€6.6m | +5454.7% |
| Furniture and vehicles | 24 | €22,851 | €93,408 | +€70,557 | +308.8% |
| Assets under construction and advance payments | 27 | - | €15,585,146 | +€15.6m | |
| Financial fixed assets | 28 | - | €1,865 | +€1,865 | |
| Current assets | 29/58 | €2,760,535 | €858,104 | -€1.9m | -68.9% |
| Amounts receivable after more than one year | 29 | - | €17,291 | +€17,291 | |
| Other amounts receivable | 291 | - | €17,291 | +€17,291 | |
| Amounts receivable within one year | 40/41 | €985,194 | €189,670 | -€795,524 | -80.7% |
| Trade receivables | 40 | €958,963 | €0 | -€958,963 | -100.0% |
| Other amounts receivable | 41 | €26,231 | €189,670 | +€163,439 | +623.1% |
| Current investments | 50/53 | €1,300,000 | €0 | -€1.3m | -100.0% |
| Cash at bank and in hand | 54/58 | €472,863 | €651,142 | +€178,279 | +37.7% |
| Deferred charges and accrued income | 490/1 | €2,478 | €0 | -€2,478 | -100.0% |
| Total equity and liabilities | 10/49 | €4,688,905 | €28,877,933 | +€24.2m | +515.9% |
| Equity | 10/15 | €532,520 | -€1,174,361 | -€1.7m | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | - | -€100,000 | |
| Other | 1109/19 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €304,311 | €304,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €294,311 | €294,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,209 | -€1,578,672 | -€1.7m | |
| Amounts payable | 17/49 | €4,156,385 | €30,052,293 | +€25.9m | +623.0% |
| Amounts payable after more than one year | 17 | - | €25,746,429 | +€25.7m | |
| Financial debts | 170/4 | - | €25,746,429 | +€25.7m | |
| Amounts payable within one year | 42/48 | €4,073,745 | €4,196,902 | +€123,157 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €4,020,000 | €1,716,481 | -€2.3m | -57.3% |
| Trade debts | 44 | €16,863 | €2,459,050 | +€2.4m | +14482.7% |
| Suppliers | 440/4 | €16,863 | €2,459,050 | +€2.4m | +14482.7% |
| Taxes, remuneration and social security | 45 | €36,883 | €21,371 | -€15,512 | -42.1% |
| Taxes | 450/3 | €11,808 | €187 | -€11,621 | -98.4% |
| Remuneration and social security | 454/9 | €25,075 | €21,184 | -€3,891 | -15.5% |
| Accrued charges and deferred income | 492/3 | €82,640 | €108,963 | +€26,323 | +31.9% |
| Remuneration, social security and pensions | 62 | €163,688 | €172,706 | +€9,018 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,607 | €271,331 | +€241,724 | +816.5% |
| Other operating charges | 640/8 | €3,068 | €4,595 | +€1,527 | +49.8% |
| Non-recurring operating charges | 66A | - | €670,002 | +€670,002 | |
| Gross operating margin | 9900 | €407,695 | -€370,347 | -€778,042 | |
| Operating profit (loss) | 9901 | €211,333 | -€1,488,981 | -€1.7m | |
| Financial income | 75/76B | €29,688 | €14,985 | -€14,703 | -49.5% |
| Recurring financial income | 75 | €29,688 | €14,985 | -€14,703 | -49.5% |
| Financial charges | 65/66B | €81,875 | €232,356 | +€150,481 | +183.8% |
| Recurring financial charges | 65 | €81,875 | €232,356 | +€150,481 | +183.8% |
| Profit (loss) for the period before taxes | 9903 | €159,146 | -€1,706,352 | -€1.9m | |
| Income taxes | 67/77 | €30,937 | €528 | -€30,408 | -98.3% |
| Profit (loss) for the period | 9904 | €128,209 | -€1,706,881 | -€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €128,209 | -€1,706,881 | -€1.8m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.