P-LEX: what changed
Two fiscal 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-LEX
Largest movements
- Cash +€67,750
up €67,750 (+56.5%), from €119,841 to €187,591
mainly Net result for the year (+€182,667) and Receivables within one year (+€60,000)
- Receivables within one year -€60,000
down €60,000 (-22.5%), from €266,462 to €206,462
- Deferred charges and accrued income +€58,989
up €58,989 (+90.6%), from €65,089 to €124,078
- Current investments +€20,000
up €20,000 (+26.7%), from €75,000 to €95,000
- Tangible fixed assets -€15,398
down €15,398 (-23.0%), from €66,815 to €51,418
of which Furniture and vehicles: -€13,975
- Reserves +€123,268
up €123,268 (+26.0%), from €474,458 to €597,727
- Other debts -€34,833
down €34,833 (-48.0%), from €72,509 to €37,676
- Tax, wage and social debts -€15,628
down €15,628 (-41.4%), from €37,776 to €22,148
of which Taxes: -€15,628
- Gross operating margin +€6,509
up €6,509 (+2.7%), from €245,112 to €251,620
- Financial charges -€5,569
down €5,569 (-99.9%), from €5,577 to €8
- Financial income +€3,839
up €3,839 (+38390100.0%), from €0 to €3,839
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.
Cash bridge derived
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 | €593,207 | €664,549 | +€71,341 | +12.0% |
| Fixed assets | 21/28 | €66,815 | €51,418 | -€15,398 | -23.0% |
| Tangible fixed assets | 22/27 | €66,815 | €51,418 | -€15,398 | -23.0% |
| Plant, machinery and equipment | 23 | €1,741 | €1,242 | -€499 | -28.7% |
| Furniture and vehicles | 24 | €58,166 | €44,191 | -€13,975 | -24.0% |
| Other tangible fixed assets | 26 | €6,909 | €5,985 | -€924 | -13.4% |
| Current assets | 29/58 | €526,392 | €613,131 | +€86,739 | +16.5% |
| Amounts receivable within one year | 40/41 | €266,462 | €206,462 | -€60,000 | -22.5% |
| Other amounts receivable | 41 | €266,462 | €206,462 | -€60,000 | -22.5% |
| Current investments | 50/53 | €75,000 | €95,000 | +€20,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €119,841 | €187,591 | +€67,750 | +56.5% |
| Deferred charges and accrued income | 490/1 | €65,089 | €124,078 | +€58,989 | +90.6% |
| Total equity and liabilities | 10/49 | €593,207 | €664,549 | +€71,341 | +12.0% |
| Equity | 10/15 | €479,458 | €602,727 | +€123,268 | +25.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €474,458 | €597,727 | +€123,268 | +26.0% |
| Distributable reserves | 133 | €474,458 | €597,727 | +€123,268 | +26.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €113,749 | €61,822 | -€51,927 | -45.7% |
| Amounts payable within one year | 42/48 | €111,119 | €61,212 | -€49,907 | -44.9% |
| Trade debts | 44 | €834 | €1,388 | +€554 | +66.4% |
| Suppliers | 440/4 | €834 | €1,388 | +€554 | +66.4% |
| Taxes, remuneration and social security | 45 | €37,776 | €22,148 | -€15,628 | -41.4% |
| Taxes | 450/3 | €37,776 | €22,148 | -€15,628 | -41.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €72,509 | €37,676 | -€34,833 | -48.0% |
| Accrued charges and deferred income | 492/3 | €2,630 | €610 | -€2,020 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,138 | €16,997 | -€141 | -0.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €245,112 | €251,620 | +€6,509 | +2.7% |
| Operating profit (loss) | 9901 | €227,468 | €234,104 | +€6,636 | +2.9% |
| Financial income | 75/76B | €0 | €3,839 | +€3,839 | +38390100.0% |
| Recurring financial income | 75 | €0 | €3,839 | +€3,839 | +38390100.0% |
| Financial charges | 65/66B | €5,577 | €8 | -€5,569 | -99.9% |
| Recurring financial charges | 65 | €5,577 | €8 | -€5,569 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €221,891 | €237,935 | +€16,044 | +7.2% |
| Income taxes | 67/77 | €52,897 | €55,268 | +€2,372 | +4.5% |
| Profit (loss) for the period | 9904 | €168,994 | €182,667 | +€13,672 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,994 | €182,667 | +€13,672 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.