P-LAN: 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-LAN
Largest movements
- Tangible fixed assets +€116,683
up €116,683 (+644%), from €18,111 to €134,793
of which Leasing and similar rights: +€119,378
- Receivables within one year +€8,097
up €8,097 (+38.2%), from €21,174 to €29,272
of which Other amounts receivable: +€6,973
- Cash +€7,330
up €7,330 (+91.2%), from €8,040 to €15,370
mainly Debts after one year (+€83,519) and Net result for the year (+€22,684)
- Debts after one year +€83,519
new in 2025: €83,519
- Reserves +€22,684
up €22,684 (+550,588%), from €4 to €22,688
of which Distributable reserves: +€22,684
- Current portion of long-term debt +€19,658
new in 2025: €19,658
- Trade debts +€4,328
up €4,328 (+85.3%), from €5,074 to €9,401
- Tax, wage and social debts +€3,434
up €3,434 (+19.6%), from €17,532 to €20,966
of which Taxes: +€15,434
- Gross operating margin +€51,172
up €51,172 (+3,447%), from €1,485 to €52,657
- Taxes +€12,036
up €12,036 (+2,015%), from €597 to €12,633
- Depreciation +€9,727
up €9,727 (+284%), from €3,424 to €13,152
- Financial charges +€3,005
up €3,005 (+4,026%), from €75 to €3,080
- Other operating charges -€801
down €801 (-38.1%), from €2,099 to €1,298
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 | €47,325 | €180,155 | +€132,830 | +281% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €18,111 | €134,793 | +€116,683 | +644% |
| Tangible fixed assets | 22/27 | €18,111 | €134,793 | +€116,683 | +644% |
| Land and buildings | 22 | €14,525 | €13,731 | -€794 | -5.5% |
| Plant, machinery and equipment | 23 | €1,239 | €845 | -€394 | -31.8% |
| Furniture and vehicles | 24 | €2,347 | €839 | -€1,508 | -64.3% |
| Leasing and similar rights | 25 | - | €119,378 | +€119,378 | |
| Current assets | 29/58 | €29,214 | €45,361 | +€16,147 | +55.3% |
| Amounts receivable within one year | 40/41 | €21,174 | €29,272 | +€8,097 | +38.2% |
| Trade receivables | 40 | €16,448 | €17,572 | +€1,124 | +6.8% |
| Other amounts receivable | 41 | €4,727 | €11,700 | +€6,973 | +148% |
| Cash at bank and in hand | 54/58 | €8,040 | €15,370 | +€7,330 | +91.2% |
| Deferred charges and accrued income | 490/1 | - | €720 | +€720 | |
| Total equity and liabilities | 10/49 | €47,325 | €180,155 | +€132,830 | +281% |
| Equity | 10/15 | €19,264 | €41,948 | +€22,684 | +118% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4 | €22,688 | +€22,684 | +550,588% |
| Non-distributable reserves | 130/1 | €4 | €4 | = | 0.0% |
| Other | 1319 | €4 | €4 | = | 0.0% |
| Distributable reserves | 133 | - | €22,684 | +€22,684 | |
| Profit (loss) carried forward | 14 | €660 | €660 | = | 0.0% |
| Amounts payable | 17/49 | €28,061 | €138,206 | +€110,146 | +393% |
| Amounts payable after more than one year | 17 | - | €83,519 | +€83,519 | |
| Financial debts | 170/4 | - | €83,519 | +€83,519 | |
| Amounts payable within one year | 42/48 | €23,061 | €50,188 | +€27,127 | +118% |
| Current portion of amounts payable after more than one year | 42 | - | €19,658 | +€19,658 | |
| Trade debts | 44 | €5,074 | €9,401 | +€4,328 | +85.3% |
| Suppliers | 440/4 | €5,074 | €9,401 | +€4,328 | +85.3% |
| Taxes, remuneration and social security | 45 | €17,532 | €20,966 | +€3,434 | +19.6% |
| Taxes | 450/3 | €4,032 | €19,466 | +€15,434 | +383% |
| Remuneration and social security | 454/9 | €13,500 | €1,500 | -€12,000 | -88.9% |
| Other amounts payable | 47/48 | €455 | €162 | -€293 | -64.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | €4,500 | -€500 | -10.0% |
| Non-recurring operating income | 76A | - | €34,447 | +€34,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,424 | €13,152 | +€9,727 | +284% |
| Other operating charges | 640/8 | €2,099 | €1,298 | -€801 | -38.1% |
| Gross operating margin | 9900 | €1,485 | €52,657 | +€51,172 | +3,447% |
| Operating profit (loss) | 9901 | -€4,039 | €38,207 | +€42,246 | |
| Financial income | 75/76B | €0 | €190 | +€190 | +475,825% |
| Recurring financial income | 75 | €0 | €190 | +€190 | +475,825% |
| Financial charges | 65/66B | €75 | €3,080 | +€3,005 | +4,026% |
| Recurring financial charges | 65 | €75 | €3,080 | +€3,005 | +4,026% |
| Profit (loss) for the period before taxes | 9903 | -€4,113 | €35,317 | +€39,431 | |
| Income taxes | 67/77 | €597 | €12,633 | +€12,036 | +2,015% |
| Profit (loss) for the period | 9904 | -€4,711 | €22,684 | +€27,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,711 | €22,684 | +€27,395 |
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 15 October 2026 via checked.be.