ED. PLESSERS: 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.
ED. PLESSERS
Largest movements
- Tangible fixed assets -€180,433
down €180,433 (-14.5%), from €1.2m to €1.1m
of which Leasing and similar rights: -€240,521
- Cash -€33,311
down €33,311 (-97.2%), from €34,269 to €958
mainly Debts after one year (-€159,343) and Current portion of long-term debt (-€73,096)
- Debts after one year -€159,343
down €159,343 (-19.4%), from €822,692 to €663,349
- Current portion of long-term debt -€73,096
down €73,096 (-31.4%), from €232,439 to €159,343
- Other debts -€39,661
down €39,661 (-54.0%), from €73,472 to €33,810
- Reserves +€38,987
up €38,987 (+11.3%), from €343,513 to €382,500
of which Distributable reserves: +€38,987
- Short-term financial debts +€30,569
up €30,569, from €0 to €30,569
- Depreciation +€119,418
up €119,418 (+92.2%), from €129,460 to €248,878
- Staff costs +€14,968
up €14,968 (+4.0%), from €374,658 to €389,625
- Gross operating margin +€13,104
up €13,104 (+1.8%), from €739,853 to €752,957
- Taxes +€10,877
up €10,877 (+165%), from €6,575 to €17,451
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 | €1,610,160 | €1,407,589 | -€202,571 | -12.6% |
| Fixed assets | 21/28 | €1,247,418 | €1,066,985 | -€180,433 | -14.5% |
| Tangible fixed assets | 22/27 | €1,245,453 | €1,065,020 | -€180,433 | -14.5% |
| Land and buildings | 22 | €14,320 | €11,320 | -€3,000 | -21.0% |
| Plant, machinery and equipment | 23 | €21,963 | €14,439 | -€7,524 | -34.3% |
| Furniture and vehicles | 24 | €44,614 | €115,226 | +€70,611 | +158% |
| Leasing and similar rights | 25 | €1,164,556 | €924,036 | -€240,521 | -20.7% |
| Financial fixed assets | 28 | €1,965 | €1,965 | = | 0.0% |
| Current assets | 29/58 | €362,742 | €340,604 | -€22,138 | -6.1% |
| Amounts receivable within one year | 40/41 | €314,349 | €327,911 | +€13,561 | +4.3% |
| Trade receivables | 40 | €274,889 | €288,881 | +€13,992 | +5.1% |
| Other amounts receivable | 41 | €39,460 | €39,029 | -€431 | -1.1% |
| Cash at bank and in hand | 54/58 | €34,269 | €958 | -€33,311 | -97.2% |
| Deferred charges and accrued income | 490/1 | €14,124 | €11,735 | -€2,388 | -16.9% |
| Total equity and liabilities | 10/49 | €1,610,160 | €1,407,589 | -€202,571 | -12.6% |
| Equity | 10/15 | €366,298 | €405,285 | +€38,987 | +10.6% |
| Contributions | 10/11 | €22,785 | €22,785 | = | 0.0% |
| Reserves | 13 | €343,513 | €382,500 | +€38,987 | +11.3% |
| Tax-exempt reserves | 132 | €30,588 | €30,588 | = | 0.0% |
| Distributable reserves | 133 | €312,925 | €351,912 | +€38,987 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,243,862 | €1,002,304 | -€241,557 | -19.4% |
| Amounts payable after more than one year | 17 | €822,692 | €663,349 | -€159,343 | -19.4% |
| Financial debts | 170/4 | €822,692 | €663,349 | -€159,343 | -19.4% |
| Amounts payable within one year | 42/48 | €421,140 | €338,956 | -€82,185 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €232,439 | €159,343 | -€73,096 | -31.4% |
| Financial debts | 43 | €0 | €30,569 | +€30,569 | |
| Credit institutions | 430/8 | €0 | €30,569 | +€30,569 | |
| Trade debts | 44 | €87,375 | €89,852 | +€2,477 | +2.8% |
| Suppliers | 440/4 | €87,375 | €89,852 | +€2,477 | +2.8% |
| Taxes, remuneration and social security | 45 | €27,854 | €25,381 | -€2,473 | -8.9% |
| Taxes | 450/3 | €7,264 | €1,787 | -€5,477 | -75.4% |
| Remuneration and social security | 454/9 | €20,590 | €23,594 | +€3,004 | +14.6% |
| Other amounts payable | 47/48 | €73,472 | €33,810 | -€39,661 | -54.0% |
| Accrued charges and deferred income | 492/3 | €29 | €0 | -€29 | -100% |
| Non-recurring operating income | 76A | €374,138 | €1,615 | -€372,522 | -99.6% |
| Remuneration, social security and pensions | 62 | €374,658 | €389,625 | +€14,968 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,460 | €248,878 | +€119,418 | +92.2% |
| Other operating charges | 640/8 | €21,040 | €21,475 | +€436 | +2.1% |
| Non-recurring operating charges | 66A | €32,975 | €0 | -€32,975 | -100% |
| Gross operating margin | 9900 | €739,853 | €752,957 | +€13,104 | +1.8% |
| Operating profit (loss) | 9901 | €181,721 | €92,978 | -€88,743 | -48.8% |
| Financial income | 75/76B | €18 | €952 | +€935 | +5,212% |
| Recurring financial income | 75 | €18 | €952 | +€935 | +5,212% |
| Financial charges | 65/66B | €35,857 | €37,492 | +€1,635 | +4.6% |
| Recurring financial charges | 65 | €35,857 | €37,492 | +€1,635 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €145,882 | €56,438 | -€89,444 | -61.3% |
| Income taxes | 67/77 | €6,575 | €17,451 | +€10,877 | +165% |
| Profit (loss) for the period | 9904 | €139,307 | €38,987 | -€100,320 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,307 | €38,987 | -€100,320 | -72.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.