P.L.K.: 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.K.
Largest movements
- Tangible fixed assets +€204,071
up €204,071 (+8.9%), from €2.3m to €2.5m
of which Land and buildings: +€200,782
- Other debts +€400,636
up €400,636 (+48.5%), from €826,854 to €1.2m
- Profit (loss) carried forward -€104,913
down €104,913 (-54.6%), from -€192,018 to -€296,931
- Debts after one year -€92,547
down €92,547 (-7.6%), from €1.2m to €1.1m
- Depreciation +€21,539
up €21,539 (+20.0%), from €107,766 to €129,304
- Financial charges +€7,239
up €7,239 (+12.3%), from €59,023 to €66,262
- Financial income -€7,054
down €7,054 (-69.3%), from €10,180 to €3,126
- Gross operating margin -€1,558
down €1,558 (-1.6%), from €99,397 to €97,839
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 | €2,304,808 | €2,521,077 | +€216,270 | +9.4% |
| Fixed assets | 21/28 | €2,290,382 | €2,494,453 | +€204,071 | +8.9% |
| Tangible fixed assets | 22/27 | €2,290,382 | €2,494,453 | +€204,071 | +8.9% |
| Land and buildings | 22 | €2,289,074 | €2,489,856 | +€200,782 | +8.8% |
| Plant, machinery and equipment | 23 | €1,308 | €4,597 | +€3,289 | +251% |
| Current assets | 29/58 | €14,426 | €26,624 | +€12,199 | +84.6% |
| Amounts receivable within one year | 40/41 | €10,165 | €19,061 | +€8,896 | +87.5% |
| Trade receivables | 40 | €0 | €2,783 | +€2,783 | |
| Other amounts receivable | 41 | €10,165 | €16,278 | +€6,113 | +60.1% |
| Cash at bank and in hand | 54/58 | €4,260 | €7,563 | +€3,303 | +77.5% |
| Total equity and liabilities | 10/49 | €2,304,808 | €2,521,077 | +€216,270 | +9.4% |
| Equity | 10/15 | -€177,258 | -€282,171 | -€104,913 | -59.2% |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€192,018 | -€296,931 | -€104,913 | -54.6% |
| Amounts payable | 17/49 | €2,482,065 | €2,803,248 | +€321,183 | +12.9% |
| Amounts payable after more than one year | 17 | €1,223,102 | €1,130,555 | -€92,547 | -7.6% |
| Financial debts | 170/4 | €1,223,102 | €1,130,555 | -€92,547 | -7.6% |
| Amounts payable within one year | 42/48 | €1,258,963 | €1,670,923 | +€411,960 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €90,779 | €96,262 | +€5,483 | +6.0% |
| Financial debts | 43 | €330,000 | €330,000 | = | 0.0% |
| Credit institutions | 430/8 | €330,000 | €330,000 | = | 0.0% |
| Trade debts | 44 | €11,330 | €10,502 | -€828 | -7.3% |
| Suppliers | 440/4 | €11,330 | €10,502 | -€828 | -7.3% |
| Taxes, remuneration and social security | 45 | €0 | €6,669 | +€6,669 | |
| Taxes | 450/3 | €0 | €6,669 | +€6,669 | |
| Other amounts payable | 47/48 | €826,854 | €1,227,489 | +€400,636 | +48.5% |
| Accrued charges and deferred income | 492/3 | €0 | €1,770 | +€1,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,766 | €129,304 | +€21,539 | +20.0% |
| Other operating charges | 640/8 | €10,224 | €10,311 | +€86 | +0.8% |
| Gross operating margin | 9900 | €99,397 | €97,839 | -€1,558 | -1.6% |
| Operating profit (loss) | 9901 | -€18,593 | -€41,776 | -€23,183 | -125% |
| Financial income | 75/76B | €10,180 | €3,126 | -€7,054 | -69.3% |
| Recurring financial income | 75 | €10,180 | €3,126 | -€7,054 | -69.3% |
| Financial charges | 65/66B | €59,023 | €66,262 | +€7,239 | +12.3% |
| Recurring financial charges | 65 | €59,023 | €66,262 | +€7,239 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€67,437 | -€104,913 | -€37,477 | -55.6% |
| Profit (loss) for the period | 9904 | -€67,437 | -€104,913 | -€37,477 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,437 | -€104,913 | -€37,477 | -55.6% |
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 31 October 2026 via checked.be.