H. 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.
H. PLESSERS
Largest movements
- Deferred charges and accrued income +€90,095
up €90,095 (+911%), from €9,891 to €99,985
- Cash -€72,214
down €72,214 (-24.5%), from €294,441 to €222,227
mainly Contributions, distributions and other (-€125,811) and Deferred charges and accrued income (-€90,095)
- Tangible fixed assets -€35,610
down €35,610 (-32.8%), from €108,612 to €73,002
of which Leasing and similar rights: -€17,807
- Receivables within one year -€10,001
down €10,001 (-27.2%), from €36,735 to €26,734
of which Trade receivables: -€10,083
- Current investments -€8,231
down €8,231 (-32.9%), from €25,000 to €16,769
- Reserves -€57,483
down €57,483 (-15.5%), from €371,316 to €313,832
of which Distributable reserves: -€57,483
- Tax, wage and social debts +€45,385
up €45,385 (+122%), from €37,205 to €82,590
- Current portion of long-term debt -€11,651
down €11,651 (-50.8%), from €22,944 to €11,293
- Debts after one year -€11,293
down €11,293 (-53.5%), from €21,101 to €9,808
- Gross operating margin -€41,873
down €41,873 (-21.2%), from €197,654 to €155,781
- Taxes -€16,474
down €16,474 (-35.6%), from €46,336 to €29,862
- Depreciation +€3,189
up €3,189 (+7.0%), from €45,721 to €48,910
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 | €474,879 | €438,917 | -€35,962 | -7.6% |
| Fixed assets | 21/28 | €108,812 | €73,202 | -€35,610 | -32.7% |
| Tangible fixed assets | 22/27 | €108,612 | €73,002 | -€35,610 | -32.8% |
| Land and buildings | 22 | €5,703 | €7,982 | +€2,279 | +40.0% |
| Plant, machinery and equipment | 23 | €7,540 | €3,993 | -€3,546 | -47.0% |
| Furniture and vehicles | 24 | €39,280 | €22,745 | -€16,536 | -42.1% |
| Leasing and similar rights | 25 | €56,089 | €38,282 | -€17,807 | -31.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €366,067 | €365,715 | -€352 | -0.1% |
| Amounts receivable within one year | 40/41 | €36,735 | €26,734 | -€10,001 | -27.2% |
| Trade receivables | 40 | €36,326 | €26,244 | -€10,083 | -27.8% |
| Other amounts receivable | 41 | €409 | €490 | +€81 | +19.9% |
| Current investments | 50/53 | €25,000 | €16,769 | -€8,231 | -32.9% |
| Cash at bank and in hand | 54/58 | €294,441 | €222,227 | -€72,214 | -24.5% |
| Deferred charges and accrued income | 490/1 | €9,891 | €99,985 | +€90,095 | +911% |
| Total equity and liabilities | 10/49 | €474,879 | €438,917 | -€35,962 | -7.6% |
| Equity | 10/15 | €389,916 | €332,432 | -€57,483 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,316 | €313,832 | -€57,483 | -15.5% |
| Non-distributable reserves | 130/1 | €7,300 | €7,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,300 | €7,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,867 | €165,867 | = | 0.0% |
| Distributable reserves | 133 | €198,148 | €140,665 | -€57,483 | -29.0% |
| Amounts payable | 17/49 | €84,963 | €106,485 | +€21,521 | +25.3% |
| Amounts payable after more than one year | 17 | €21,101 | €9,808 | -€11,293 | -53.5% |
| Financial debts | 170/4 | €21,101 | €9,808 | -€11,293 | -53.5% |
| Amounts payable within one year | 42/48 | €63,862 | €96,677 | +€32,814 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €22,944 | €11,293 | -€11,651 | -50.8% |
| Trade debts | 44 | €3,713 | €2,794 | -€919 | -24.8% |
| Suppliers | 440/4 | €3,713 | €2,794 | -€919 | -24.8% |
| Taxes, remuneration and social security | 45 | €37,205 | €82,590 | +€45,385 | +122% |
| Taxes | 450/3 | €37,205 | €82,590 | +€45,385 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,721 | €48,910 | +€3,189 | +7.0% |
| Other operating charges | 640/8 | €7,934 | €6,351 | -€1,583 | -19.9% |
| Gross operating margin | 9900 | €197,654 | €155,781 | -€41,873 | -21.2% |
| Operating profit (loss) | 9901 | €143,999 | €100,519 | -€43,479 | -30.2% |
| Financial income | 75/76B | €225 | €124 | -€101 | -44.7% |
| Recurring financial income | 75 | €225 | €124 | -€101 | -44.7% |
| Financial charges | 65/66B | €1,796 | €2,454 | +€658 | +36.6% |
| Recurring financial charges | 65 | €1,796 | €2,454 | +€658 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €142,428 | €98,190 | -€44,238 | -31.1% |
| Income taxes | 67/77 | €46,336 | €29,862 | -€16,474 | -35.6% |
| Profit (loss) for the period | 9904 | €96,092 | €68,328 | -€27,764 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,092 | €68,328 | -€27,764 | -28.9% |
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 21 October 2026 via checked.be.