LES PLUMES: 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.
LES PLUMES
Largest movements
- Deferred charges and accrued income +€39,503
new in 2025: €39,503
- Receivables within one year -€32,308
down €32,308 (-33.3%), from €97,112 to €64,805
of which Trade receivables: -€36,393
- Cash -€28,965
down €28,965 (-42.6%), from €67,976 to €39,010
mainly Deferred charges and accrued income (-€39,503) and Other debts (-€18,549)
- Stocks and contracts +€3,250
up €3,250 (+40.3%), from €8,063 to €11,313
- Other debts -€18,549
down €18,549 (-48.8%), from €37,993 to €19,444
- Tax, wage and social debts -€13,447
down €13,447 (-60.0%), from €22,410 to €8,963
of which Taxes: -€14,999
- Accrued charges and deferred income +€12,117
up €12,117 (+11.5%), from €105,800 to €117,917
- Profit (loss) carried forward +€8,446
up €8,446 (+10.5%), from -€80,514 to -€72,069
- Debts after one year -€3,841
down €3,841 (-47.7%), from €8,045 to €4,204
- Gross operating margin +€51,062
up €51,062 (+165%), from €30,991 to €82,053
- Staff costs +€8,579
up €8,579 (+15.0%), from €57,284 to €65,863
- Write-downs +€3,471
up €3,471, from €0 to €3,471
- Financial charges +€1,863
up €1,863 (+355%), from €524 to €2,387
- Depreciation +€895
up €895 (+102%), from €879 to €1,774
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 | €177,008 | €160,414 | -€16,594 | -9.4% |
| Fixed assets | 21/28 | €3,856 | €5,782 | +€1,926 | +49.9% |
| Intangible fixed assets | 21 | - | €1,087 | +€1,087 | |
| Tangible fixed assets | 22/27 | €3,856 | €4,695 | +€839 | +21.8% |
| Furniture and vehicles | 24 | €3,856 | €4,695 | +€839 | +21.8% |
| Current assets | 29/58 | €173,151 | €154,631 | -€18,520 | -10.7% |
| Stocks and contracts in progress | 3 | €8,063 | €11,313 | +€3,250 | +40.3% |
| Stocks | 30/36 | €8,063 | €11,313 | +€3,250 | +40.3% |
| Amounts receivable within one year | 40/41 | €97,112 | €64,805 | -€32,308 | -33.3% |
| Trade receivables | 40 | €60,006 | €23,613 | -€36,393 | -60.6% |
| Other amounts receivable | 41 | €37,106 | €41,191 | +€4,085 | +11.0% |
| Cash at bank and in hand | 54/58 | €67,976 | €39,010 | -€28,965 | -42.6% |
| Deferred charges and accrued income | 490/1 | - | €39,503 | +€39,503 | |
| Total equity and liabilities | 10/49 | €177,008 | €160,414 | -€16,594 | -9.4% |
| Equity | 10/15 | -€67,596 | -€59,150 | +€8,446 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,719 | €6,719 | = | 0.0% |
| Distributable reserves | 133 | €6,719 | €6,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,514 | -€72,069 | +€8,446 | +10.5% |
| Amounts payable | 17/49 | €244,603 | €219,564 | -€25,040 | -10.2% |
| Amounts payable after more than one year | 17 | €8,045 | €4,204 | -€3,841 | -47.7% |
| Financial debts | 170/4 | €8,045 | €4,204 | -€3,841 | -47.7% |
| Amounts payable within one year | 42/48 | €130,759 | €97,443 | -€33,316 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €3,816 | €3,824 | +€8 | +0.2% |
| Financial debts | 43 | €819 | €2,449 | +€1,630 | +199% |
| Credit institutions | 430/8 | €819 | €2,449 | +€1,630 | +199% |
| Trade debts | 44 | €65,721 | €62,763 | -€2,958 | -4.5% |
| Suppliers | 440/4 | €65,721 | €62,763 | -€2,958 | -4.5% |
| Taxes, remuneration and social security | 45 | €22,410 | €8,963 | -€13,447 | -60.0% |
| Taxes | 450/3 | €15,033 | €34 | -€14,999 | -99.8% |
| Remuneration and social security | 454/9 | €7,377 | €8,930 | +€1,553 | +21.0% |
| Other amounts payable | 47/48 | €37,993 | €19,444 | -€18,549 | -48.8% |
| Accrued charges and deferred income | 492/3 | €105,800 | €117,917 | +€12,117 | +11.5% |
| Remuneration, social security and pensions | 62 | €57,284 | €65,863 | +€8,579 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €1,774 | +€895 | +102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,471 | +€3,471 | |
| Other operating charges | 640/8 | €655 | €595 | -€61 | -9.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,991 | €82,053 | +€51,062 | +165% |
| Operating profit (loss) | 9901 | -€27,828 | €10,350 | +€38,178 | |
| Financial income | 75/76B | €67 | €483 | +€416 | +617% |
| Recurring financial income | 75 | €67 | €483 | +€416 | +617% |
| Financial charges | 65/66B | €524 | €2,387 | +€1,863 | +355% |
| Recurring financial charges | 65 | €524 | €2,387 | +€1,863 | +355% |
| Profit (loss) for the period before taxes | 9903 | -€28,285 | €8,446 | +€36,730 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,285 | €8,446 | +€36,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,285 | €8,446 | +€36,730 |
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 28 October 2026 via checked.be.