P.L.FW: 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.
P.L.FW
Largest movements
- Tangible fixed assets +€33,238
up €33,238 (+267%), from €12,462 to €45,700
of which Other tangible fixed assets: +€37,903
- Cash -€28,668
down €28,668 (-43.5%), from €65,940 to €37,272
mainly Investment in fixed assets (net) (-€38,184) and Contributions, distributions and other (-€25,234)
- Receivables within one year +€10,880
up €10,880 (+64.2%), from €16,940 to €27,820
of which Other amounts receivable: +€5,476
- Deferred charges and accrued income +€1,550
new in 2025: €1,550
- Other debts +€21,185
up €21,185 (+3,185%), from €665 to €21,850
- Tax, wage and social debts -€4,324
down €4,324 (-22.3%), from €19,421 to €15,097
of which Remuneration and social security: -€2,800
- Debts after one year +€4,201
up €4,201, from €0 to €4,201
- Current portion of long-term debt -€3,938
down €3,938 (-85.4%), from €4,609 to €672
- Gross operating margin +€5,142
up €5,142 (+12.0%), from €42,948 to €48,090
- Depreciation +€1,754
up €1,754 (+54.9%), from €3,192 to €4,946
- Taxes -€1,131
down €1,131 (-10.6%), from €10,655 to €9,524
- Other operating charges -€905
down €905 (-16.7%), from €5,417 to €4,512
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 | €95,672 | €112,673 | +€17,001 | +17.8% |
| Fixed assets | 21/28 | €12,792 | €46,030 | +€33,238 | +260% |
| Tangible fixed assets | 22/27 | €12,462 | €45,700 | +€33,238 | +267% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €133 | €1,895 | +€1,762 | +1,325% |
| Furniture and vehicles | 24 | €6,856 | €429 | -€6,427 | -93.7% |
| Other tangible fixed assets | 26 | €5,473 | €43,376 | +€37,903 | +693% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €82,880 | €66,643 | -€16,237 | -19.6% |
| Amounts receivable within one year | 40/41 | €16,940 | €27,820 | +€10,880 | +64.2% |
| Trade receivables | 40 | €16,940 | €22,344 | +€5,404 | +31.9% |
| Other amounts receivable | 41 | €0 | €5,476 | +€5,476 | |
| Cash at bank and in hand | 54/58 | €65,940 | €37,272 | -€28,668 | -43.5% |
| Deferred charges and accrued income | 490/1 | - | €1,550 | +€1,550 | |
| Total equity and liabilities | 10/49 | €95,672 | €112,673 | +€17,001 | +17.8% |
| Equity | 10/15 | €68,523 | €68,523 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €66,023 | €66,023 | = | 0.0% |
| Distributable reserves | 133 | €66,023 | €66,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,149 | €44,150 | +€17,001 | +62.6% |
| Amounts payable after more than one year | 17 | €0 | €4,201 | +€4,201 | |
| Financial debts | 170/4 | €0 | €4,201 | +€4,201 | |
| Amounts payable within one year | 42/48 | €26,549 | €39,949 | +€13,400 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €4,609 | €672 | -€3,938 | -85.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,853 | €2,330 | +€476 | +25.7% |
| Suppliers | 440/4 | €1,853 | €2,330 | +€476 | +25.7% |
| Taxes, remuneration and social security | 45 | €19,421 | €15,097 | -€4,324 | -22.3% |
| Taxes | 450/3 | €16,621 | €15,097 | -€1,524 | -9.2% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100% |
| Other amounts payable | 47/48 | €665 | €21,850 | +€21,185 | +3,185% |
| Accrued charges and deferred income | 492/3 | €600 | €0 | -€600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,192 | €4,946 | +€1,754 | +54.9% |
| Other operating charges | 640/8 | €5,417 | €4,512 | -€905 | -16.7% |
| Non-recurring operating charges | 66A | - | €3,101 | +€3,101 | |
| Gross operating margin | 9900 | €42,948 | €48,090 | +€5,142 | +12.0% |
| Operating profit (loss) | 9901 | €34,339 | €35,531 | +€1,192 | +3.5% |
| Financial income | 75/76B | €0 | €68 | +€68 | +113,717% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +113,717% |
| Financial charges | 65/66B | €776 | €842 | +€66 | +8.5% |
| Recurring financial charges | 65 | €776 | €842 | +€66 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €33,563 | €34,758 | +€1,195 | +3.6% |
| Income taxes | 67/77 | €10,655 | €9,524 | -€1,131 | -10.6% |
| Profit (loss) for the period | 9904 | €22,908 | €25,234 | +€2,326 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,908 | €25,234 | +€2,326 | +10.2% |
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 30 October 2026 via checked.be.