Firma de Ploeg: 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.
Firma de Ploeg
Largest movements
- Tangible fixed assets -€104,143
down €104,143 (-9.8%), from €1.1m to €962,955
of which Plant, machinery and equipment: -€84,691
- Cash -€51,558
down €51,558 (-42.3%), from €121,918 to €70,360
mainly Debts after one year (-€204,907) and Investment in fixed assets (net) (-€128,251)
- Stocks and contracts +€24,704
up €24,704 (+6.0%), from €409,498 to €434,203
- Debts after one year -€204,907
down €204,907 (-31.1%), from €659,314 to €454,407
- Reserves +€38,102
up €38,102 (+25.8%), from €147,840 to €185,942
of which Distributable reserves: +€38,102
- Other debts +€31,923
up €31,923 (+11.7%), from €272,495 to €304,418
- Current portion of long-term debt -€23,983
down €23,983 (-7.3%), from €328,915 to €304,932
- Tax, wage and social debts +€17,157
up €17,157 (+85.8%), from €20,003 to €37,160
of which Taxes: +€15,729
- Gross operating margin +€102,261
up €102,261 (+32.6%), from €314,051 to €416,312
- Depreciation -€29,678
down €29,678 (-11.3%), from €262,071 to €232,394
- Staff costs +€15,580
up €15,580 (+16.6%), from €94,034 to €109,613
- Financial income -€5,537
down €5,537 (-42.6%), from €12,994 to €7,457
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 | €1,694,578 | €1,571,292 | -€123,285 | -7.3% |
| Fixed assets | 21/28 | €1,067,115 | €962,973 | -€104,143 | -9.8% |
| Tangible fixed assets | 22/27 | €1,067,098 | €962,955 | -€104,143 | -9.8% |
| Land and buildings | 22 | €548,854 | €570,428 | +€21,573 | +3.9% |
| Plant, machinery and equipment | 23 | €393,282 | €308,591 | -€84,691 | -21.5% |
| Furniture and vehicles | 24 | €5,102 | €1,746 | -€3,356 | -65.8% |
| Leasing and similar rights | 25 | €119,860 | €82,191 | -€37,668 | -31.4% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €627,462 | €608,320 | -€19,143 | -3.1% |
| Stocks and contracts in progress | 3 | €409,498 | €434,203 | +€24,704 | +6.0% |
| Stocks | 30/36 | €409,498 | €434,203 | +€24,704 | +6.0% |
| Amounts receivable within one year | 40/41 | €81,382 | €91,979 | +€10,597 | +13.0% |
| Trade receivables | 40 | €72,508 | €65,790 | -€6,717 | -9.3% |
| Other amounts receivable | 41 | €8,874 | €26,189 | +€17,314 | +195% |
| Cash at bank and in hand | 54/58 | €121,918 | €70,360 | -€51,558 | -42.3% |
| Deferred charges and accrued income | 490/1 | €14,664 | €11,778 | -€2,886 | -19.7% |
| Total equity and liabilities | 10/49 | €1,694,578 | €1,571,292 | -€123,285 | -7.3% |
| Equity | 10/15 | €294,647 | €346,685 | +€52,039 | +17.7% |
| Contributions | 10/11 | €125,500 | €125,500 | = | 0.0% |
| Reserves | 13 | €147,840 | €185,942 | +€38,102 | +25.8% |
| Tax-exempt reserves | 132 | €38,935 | €38,935 | = | 0.0% |
| Distributable reserves | 133 | €108,904 | €147,007 | +€38,102 | +35.0% |
| Investment grants | 15 | €21,307 | €35,243 | +€13,936 | +65.4% |
| Provisions and deferred taxes | 16 | €1,632 | €2,615 | +€983 | +60.2% |
| Deferred taxes | 168 | €1,632 | €2,615 | +€983 | +60.2% |
| Amounts payable | 17/49 | €1,398,299 | €1,221,992 | -€176,307 | -12.6% |
| Amounts payable after more than one year | 17 | €659,314 | €454,407 | -€204,907 | -31.1% |
| Financial debts | 170/4 | €659,314 | €454,407 | -€204,907 | -31.1% |
| Amounts payable within one year | 42/48 | €701,789 | €739,103 | +€37,314 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €328,915 | €304,932 | -€23,983 | -7.3% |
| Trade debts | 44 | €80,376 | €92,592 | +€12,215 | +15.2% |
| Suppliers | 440/4 | €80,376 | €92,592 | +€12,215 | +15.2% |
| Taxes, remuneration and social security | 45 | €20,003 | €37,160 | +€17,157 | +85.8% |
| Taxes | 450/3 | €3,103 | €18,831 | +€15,729 | +507% |
| Remuneration and social security | 454/9 | €16,900 | €18,329 | +€1,429 | +8.5% |
| Other amounts payable | 47/48 | €272,495 | €304,418 | +€31,923 | +11.7% |
| Accrued charges and deferred income | 492/3 | €37,196 | €28,483 | -€8,714 | -23.4% |
| Non-recurring operating income | 76A | €4,095 | €35,103 | +€31,008 | +757% |
| Remuneration, social security and pensions | 62 | €94,034 | €109,613 | +€15,580 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,071 | €232,394 | -€29,678 | -11.3% |
| Other operating charges | 640/8 | €7,134 | €8,863 | +€1,729 | +24.2% |
| Gross operating margin | 9900 | €314,051 | €416,312 | +€102,261 | +32.6% |
| Operating profit (loss) | 9901 | -€49,188 | €65,442 | +€114,630 | |
| Financial income | 75/76B | €12,994 | €7,457 | -€5,537 | -42.6% |
| Recurring financial income | 75 | €12,994 | €7,457 | -€5,537 | -42.6% |
| Financial charges | 65/66B | €34,968 | €34,619 | -€350 | -1.0% |
| Recurring financial charges | 65 | €34,968 | €34,619 | -€350 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,162 | €38,281 | +€109,443 | |
| Income taxes | 67/77 | €796 | €505 | -€291 | -36.5% |
| Profit (loss) for the period | 9904 | -€71,958 | €37,776 | +€109,734 | |
| Transfer from tax-exempt reserves | 789 | €604 | €327 | -€277 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,355 | €38,102 | +€109,457 |
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 29 October 2026 via checked.be.