LE PLAT PAYS: what changed
LE PLAT PAYS
Largest movements
- Tangible fixed assets +€285,175
up €285,175 (+531%), from €53,682 to €338,857
of which Land and buildings: +€286,975
- Cash -€208,556
down €208,556 (-65.6%), from €317,793 to €109,237
mainly Investment in fixed assets (net) (-€298,268) and Receivables within one year (-€56,583)
- Receivables within one year +€56,583
up €56,583 (+162%), from €35,023 to €91,606
of which Other amounts receivable: +€53,634
- Reserves +€110,313
up €110,313 (+34.2%), from €322,269 to €432,582
of which Distributable reserves: +€110,313
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Other debts +€5,418
up €5,418 (+8.2%), from €65,729 to €71,147
- Gross operating margin +€38,742
up €38,742 (+28.6%), from €135,617 to €174,359
- Taxes +€12,715
up €12,715 (+39.3%), from €32,347 to €45,062
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 | €411,082 | €539,898 | +€128,816 | +31.3% |
| Fixed assets | 21/28 | €53,919 | €338,857 | +€284,938 | +528% |
| Tangible fixed assets | 22/27 | €53,682 | €338,857 | +€285,175 | +531% |
| Land and buildings | 22 | €5,000 | €291,975 | +€286,975 | +5,740% |
| Plant, machinery and equipment | 23 | €43,889 | €46,518 | +€2,629 | +6.0% |
| Furniture and vehicles | 24 | €4,793 | €364 | -€4,429 | -92.4% |
| Financial fixed assets | 28 | €237 | - | -€237 | |
| Current assets | 29/58 | €357,163 | €201,041 | -€156,123 | -43.7% |
| Stocks and contracts in progress | 3 | €4,348 | €198 | -€4,150 | -95.4% |
| Stocks | 30/36 | €4,348 | €198 | -€4,150 | -95.4% |
| Amounts receivable within one year | 40/41 | €35,023 | €91,606 | +€56,583 | +162% |
| Trade receivables | 40 | €27,465 | €30,415 | +€2,949 | +10.7% |
| Other amounts receivable | 41 | €7,557 | €61,191 | +€53,634 | +710% |
| Cash at bank and in hand | 54/58 | €317,793 | €109,237 | -€208,556 | -65.6% |
| Total equity and liabilities | 10/49 | €411,082 | €539,898 | +€128,816 | +31.3% |
| Equity | 10/15 | €328,469 | €451,182 | +€122,713 | +37.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €322,269 | €432,582 | +€110,313 | +34.2% |
| Tax-exempt reserves | 132 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €322,221 | €432,534 | +€110,313 | +34.2% |
| Amounts payable | 17/49 | €82,613 | €88,716 | +€6,103 | +7.4% |
| Amounts payable within one year | 42/48 | €82,613 | €88,716 | +€6,103 | +7.4% |
| Trade debts | 44 | €6,027 | €1,916 | -€4,111 | -68.2% |
| Suppliers | 440/4 | €6,027 | €1,916 | -€4,111 | -68.2% |
| Taxes, remuneration and social security | 45 | €10,857 | €15,652 | +€4,796 | +44.2% |
| Taxes | 450/3 | €10,857 | €15,652 | +€4,796 | +44.2% |
| Other amounts payable | 47/48 | €65,729 | €71,147 | +€5,418 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,814 | €13,330 | -€484 | -3.5% |
| Other operating charges | 640/8 | €1,387 | €1,208 | -€179 | -12.9% |
| Gross operating margin | 9900 | €135,617 | €174,359 | +€38,742 | +28.6% |
| Operating profit (loss) | 9901 | €120,416 | €159,821 | +€39,405 | +32.7% |
| Financial income | 75/76B | - | €282 | +€282 | |
| Recurring financial income | 75 | - | €282 | +€282 | |
| Financial charges | 65/66B | €5,572 | €4,729 | -€843 | -15.1% |
| Recurring financial charges | 65 | €5,572 | €4,729 | -€843 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €114,844 | €155,375 | +€40,531 | +35.3% |
| Income taxes | 67/77 | €32,347 | €45,062 | +€12,715 | +39.3% |
| Profit (loss) for the period | 9904 | €82,498 | €110,313 | +€27,815 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,498 | €110,313 | +€27,815 | +33.7% |
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 1 November 2026 via checked.be.