G.G. PLAAT: 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.
G.G. PLAAT
Largest movements
- Cash +€192,415
up €192,415 (+46.2%), from €416,222 to €608,637
mainly Net result for the year (+€145,740) and Tax, wage and social debts (+€48,906)
- Receivables within one year +€43,887
up €43,887 (+98.2%), from €44,680 to €88,567
of which Trade receivables: +€43,887
- Tangible fixed assets -€36,892
down €36,892 (-36.1%), from €102,074 to €65,183
of which Furniture and vehicles: -€35,416
- Stocks and contracts -€11,104
down €11,104 (-20.1%), from €55,320 to €44,216
- Reserves +€145,740
up €145,740 (+24.8%), from €586,571 to €732,310
of which Distributable reserves: +€145,740
- Tax, wage and social debts +€48,906
up €48,906 (+1,406%), from €3,478 to €52,384
of which Taxes: +€51,906
- Gross operating margin +€86,285
up €86,285 (+54.2%), from €159,314 to €245,599
- Taxes +€29,998
up €29,998 (+73.0%), from €41,101 to €71,099
- Depreciation -€5,206
down €5,206 (-16.8%), from €31,062 to €25,856
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 | €621,885 | €810,334 | +€188,448 | +30.3% |
| Fixed assets | 21/28 | €102,074 | €65,183 | -€36,892 | -36.1% |
| Tangible fixed assets | 22/27 | €102,074 | €65,183 | -€36,892 | -36.1% |
| Land and buildings | 22 | - | €4,976 | +€4,976 | |
| Plant, machinery and equipment | 23 | €35,988 | €29,537 | -€6,451 | -17.9% |
| Furniture and vehicles | 24 | €66,086 | €30,670 | -€35,416 | -53.6% |
| Current assets | 29/58 | €519,811 | €745,151 | +€225,340 | +43.4% |
| Stocks and contracts in progress | 3 | €55,320 | €44,216 | -€11,104 | -20.1% |
| Stocks | 30/36 | €55,320 | €44,216 | -€11,104 | -20.1% |
| Amounts receivable within one year | 40/41 | €44,680 | €88,567 | +€43,887 | +98.2% |
| Trade receivables | 40 | €35,775 | €79,662 | +€43,887 | +123% |
| Other amounts receivable | 41 | €8,905 | €8,905 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €416,222 | €608,637 | +€192,415 | +46.2% |
| Deferred charges and accrued income | 490/1 | €3,589 | €3,731 | +€142 | +4.0% |
| Total equity and liabilities | 10/49 | €621,885 | €810,334 | +€188,448 | +30.3% |
| Equity | 10/15 | €594,571 | €740,310 | +€145,740 | +24.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €586,571 | €732,310 | +€145,740 | +24.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €584,711 | €730,450 | +€145,740 | +24.9% |
| Amounts payable | 17/49 | €27,314 | €70,023 | +€42,709 | +156% |
| Amounts payable after more than one year | 17 | €9,806 | €5,709 | -€4,097 | -41.8% |
| Financial debts | 170/4 | €9,806 | €5,709 | -€4,097 | -41.8% |
| Amounts payable within one year | 42/48 | €17,508 | €64,314 | +€46,805 | +267% |
| Current portion of amounts payable after more than one year | 42 | €3,944 | €10,097 | +€6,152 | +156% |
| Trade debts | 44 | €4,458 | €1,833 | -€2,625 | -58.9% |
| Suppliers | 440/4 | €4,458 | €1,833 | -€2,625 | -58.9% |
| Taxes, remuneration and social security | 45 | €3,478 | €52,384 | +€48,906 | +1,406% |
| Taxes | 450/3 | €478 | €52,384 | +€51,906 | +10,861% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €5,628 | - | -€5,628 | |
| Non-recurring operating income | 76A | - | €3,536 | +€3,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,062 | €25,856 | -€5,206 | -16.8% |
| Other operating charges | 640/8 | €1,807 | €2,049 | +€243 | +13.4% |
| Gross operating margin | 9900 | €159,314 | €245,599 | +€86,285 | +54.2% |
| Operating profit (loss) | 9901 | €126,446 | €217,694 | +€91,248 | +72.2% |
| Financial income | 75/76B | €112 | €65 | -€47 | -42.1% |
| Recurring financial income | 75 | €112 | €65 | -€47 | -42.1% |
| Financial charges | 65/66B | €1,348 | €920 | -€428 | -31.8% |
| Recurring financial charges | 65 | €1,348 | €920 | -€428 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €125,209 | €216,839 | +€91,629 | +73.2% |
| Income taxes | 67/77 | €41,101 | €71,099 | +€29,998 | +73.0% |
| Profit (loss) for the period | 9904 | €84,109 | €145,740 | +€61,631 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,109 | €145,740 | +€61,631 | +73.3% |
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.