P PLUS SO: 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 PLUS SO
Largest movements
- Financial fixed assets +€380,000
up €380,000 (+64406.8%), from €590 to €380,590
- Tangible fixed assets -€27,870
down €27,870 (-7.1%), from €391,409 to €363,539
of which Land and buildings: -€20,364
- Cash -€10,401
down €10,401 (-100.0%), from €10,405 to €4
mainly Investment in fixed assets (net) (-€380,000) and Accrued charges and deferred income (-€15,971)
- Receivables within one year +€8,266
up €8,266 (+86.4%), from €9,569 to €17,835
of which Other amounts receivable: +€6,008
- Debts after one year +€301,540
up €301,540 (+116.8%), from €258,087 to €559,626
- Current portion of long-term debt +€33,013
up €33,013 (+87.5%), from €37,715 to €70,727
- Reserves +€29,800
up €29,800 (+202.7%), from €14,700 to €44,500
- Accrued charges and deferred income -€15,971
down €15,971 (-100.0%), from €15,971 to €0
- Gross operating margin +€23,325
up €23,325 (+38.2%), from €61,009 to €84,334
- Taxes +€3,504
up €3,504 (+60.0%), from €5,839 to €9,343
- Financial charges +€2,040
up €2,040 (+16.8%), from €12,107 to €14,146
- Depreciation +€1,204
up €1,204 (+4.5%), from €26,665 to €27,870
- Other operating charges +€938
up €938 (+43.6%), from €2,149 to €3,087
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 | €421,172 | €775,100 | +€353,929 | +84.0% |
| Fixed assets | 21/28 | €391,999 | €744,129 | +€352,130 | +89.8% |
| Tangible fixed assets | 22/27 | €391,409 | €363,539 | -€27,870 | -7.1% |
| Land and buildings | 22 | €371,419 | €351,055 | -€20,364 | -5.5% |
| Furniture and vehicles | 24 | €19,989 | €12,484 | -€7,506 | -37.5% |
| Financial fixed assets | 28 | €590 | €380,590 | +€380,000 | +64406.8% |
| Current assets | 29/58 | €29,173 | €30,971 | +€1,798 | +6.2% |
| Amounts receivable within one year | 40/41 | €9,569 | €17,835 | +€8,266 | +86.4% |
| Trade receivables | 40 | €6,969 | €9,227 | +€2,257 | +32.4% |
| Other amounts receivable | 41 | €2,600 | €8,608 | +€6,008 | +231.1% |
| Cash at bank and in hand | 54/58 | €10,405 | €4 | -€10,401 | -100.0% |
| Deferred charges and accrued income | 490/1 | €9,200 | €13,133 | +€3,933 | +42.8% |
| Total equity and liabilities | 10/49 | €421,172 | €775,100 | +€353,929 | +84.0% |
| Equity | 10/15 | €84,253 | €114,142 | +€29,889 | +35.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €14,700 | €44,500 | +€29,800 | +202.7% |
| Distributable reserves | 133 | €14,700 | €44,500 | +€29,800 | +202.7% |
| Profit (loss) carried forward | 14 | €9,553 | €9,642 | +€89 | +0.9% |
| Amounts payable | 17/49 | €336,919 | €660,959 | +€324,039 | +96.2% |
| Amounts payable after more than one year | 17 | €258,087 | €559,626 | +€301,540 | +116.8% |
| Financial debts | 170/4 | €258,087 | €559,626 | +€301,540 | +116.8% |
| Amounts payable within one year | 42/48 | €62,862 | €101,332 | +€38,470 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €37,715 | €70,727 | +€33,013 | +87.5% |
| Financial debts | 43 | - | €1,169 | +€1,169 | |
| Credit institutions | 430/8 | - | €1,169 | +€1,169 | |
| Trade debts | 44 | €251 | €640 | +€389 | +155.3% |
| Suppliers | 440/4 | €251 | €640 | +€389 | +155.3% |
| Taxes, remuneration and social security | 45 | €6,400 | €9,366 | +€2,966 | +46.3% |
| Taxes | 450/3 | €3,900 | €6,866 | +€2,966 | +76.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €18,497 | €19,430 | +€934 | +5.0% |
| Accrued charges and deferred income | 492/3 | €15,971 | €0 | -€15,971 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,665 | €27,870 | +€1,204 | +4.5% |
| Other operating charges | 640/8 | €2,149 | €3,087 | +€938 | +43.6% |
| Gross operating margin | 9900 | €61,009 | €84,334 | +€23,325 | +38.2% |
| Operating profit (loss) | 9901 | €32,195 | €53,377 | +€21,182 | +65.8% |
| Financial income | 75/76B | €15 | €1 | -€14 | -92.1% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -92.1% |
| Financial charges | 65/66B | €12,107 | €14,146 | +€2,040 | +16.8% |
| Recurring financial charges | 65 | €12,107 | €14,146 | +€2,040 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €20,104 | €39,232 | +€19,129 | +95.1% |
| Income taxes | 67/77 | €5,839 | €9,343 | +€3,504 | +60.0% |
| Profit (loss) for the period | 9904 | €14,265 | €29,889 | +€15,625 | +109.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,265 | €29,889 | +€15,625 | +109.5% |
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 11 October 2026 via checked.be.