DR. J. PLATTEEUW: what changed
DR. J. PLATTEEUW
Largest movements
- Cash +€270,540
up €270,540 (+89.4%), from €302,507 to €573,047
mainly Net result for the year (+€103,761) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-20.8%), from €481,080 to €381,080
- Tangible fixed assets +€69,599
up €69,599 (+5.5%), from €1.3m to €1.3m
of which Land and buildings: +€73,082
- Receivables within one year -€68,332
down €68,332 (-25.9%), from €263,744 to €195,412
of which Trade receivables: -€79,415
- Reserves +€103,761
up €103,761 (+7.8%), from €1.3m to €1.4m
- Debts after one year +€65,010
up €65,010 (+26.1%), from €249,036 to €314,045
- Gross operating margin -€118,250
down €118,250 (-29.4%), from €401,831 to €283,581
- Taxes -€38,932
down €38,932 (-44.9%), from €86,771 to €47,840
- Depreciation +€27,176
up €27,176 (+43.1%), from €63,067 to €90,243
- Financial income +€9,474
up €9,474 (+106%), from €8,957 to €18,431
- Other operating charges -€7,819
down €7,819 (-37.5%), from €20,859 to €13,040
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,326,560 | €2,497,644 | +€171,084 | +7.4% |
| Fixed assets | 21/28 | €1,271,203 | €1,340,803 | +€69,599 | +5.5% |
| Tangible fixed assets | 22/27 | €1,271,203 | €1,340,803 | +€69,599 | +5.5% |
| Land and buildings | 22 | €1,261,398 | €1,334,480 | +€73,082 | +5.8% |
| Plant, machinery and equipment | 23 | €7,003 | €4,884 | -€2,119 | -30.3% |
| Furniture and vehicles | 24 | €2,803 | €1,439 | -€1,363 | -48.6% |
| Current assets | 29/58 | €1,055,357 | €1,156,841 | +€101,484 | +9.6% |
| Amounts receivable within one year | 40/41 | €263,744 | €195,412 | -€68,332 | -25.9% |
| Trade receivables | 40 | €263,744 | €184,329 | -€79,415 | -30.1% |
| Other amounts receivable | 41 | - | €11,083 | +€11,083 | |
| Current investments | 50/53 | €481,080 | €381,080 | -€100,000 | -20.8% |
| Cash at bank and in hand | 54/58 | €302,507 | €573,047 | +€270,540 | +89.4% |
| Deferred charges and accrued income | 490/1 | €8,026 | €7,302 | -€724 | -9.0% |
| Total equity and liabilities | 10/49 | €2,326,560 | €2,497,644 | +€171,084 | +7.4% |
| Equity | 10/15 | €1,351,671 | €1,455,432 | +€103,761 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,333,071 | €1,436,832 | +€103,761 | +7.8% |
| Distributable reserves | 133 | €1,333,071 | €1,436,832 | +€103,761 | +7.8% |
| Amounts payable | 17/49 | €974,889 | €1,042,212 | +€67,323 | +6.9% |
| Amounts payable after more than one year | 17 | €249,036 | €314,045 | +€65,010 | +26.1% |
| Financial debts | 170/4 | €249,036 | €314,045 | +€65,010 | +26.1% |
| Amounts payable within one year | 42/48 | €684,379 | €690,712 | +€6,332 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €77,564 | €99,268 | +€21,704 | +28.0% |
| Trade debts | 44 | €4,246 | €13,582 | +€9,336 | +220% |
| Suppliers | 440/4 | €4,246 | €13,582 | +€9,336 | +220% |
| Taxes, remuneration and social security | 45 | €20,124 | - | -€20,124 | |
| Taxes | 450/3 | €20,124 | - | -€20,124 | |
| Other amounts payable | 47/48 | €582,445 | €577,862 | -€4,584 | -0.8% |
| Accrued charges and deferred income | 492/3 | €41,474 | €37,455 | -€4,019 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,067 | €90,243 | +€27,176 | +43.1% |
| Other operating charges | 640/8 | €20,859 | €13,040 | -€7,819 | -37.5% |
| Gross operating margin | 9900 | €401,831 | €283,581 | -€118,250 | -29.4% |
| Operating profit (loss) | 9901 | €317,906 | €180,298 | -€137,607 | -43.3% |
| Financial income | 75/76B | €8,957 | €18,431 | +€9,474 | +106% |
| Recurring financial income | 75 | €8,957 | €18,431 | +€9,474 | +106% |
| Financial charges | 65/66B | €51,732 | €47,129 | -€4,603 | -8.9% |
| Recurring financial charges | 65 | €51,732 | €47,129 | -€4,603 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €275,131 | €151,600 | -€123,531 | -44.9% |
| Income taxes | 67/77 | €86,771 | €47,840 | -€38,932 | -44.9% |
| Profit (loss) for the period | 9904 | €188,360 | €103,761 | -€84,599 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,360 | €103,761 | -€84,599 | -44.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.