PL²I MANAGEMENT: 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.
PL²I MANAGEMENT
Largest movements
- Receivables within one year +€240,082
up €240,082 (+964%), from €24,909 to €264,991
of which Other amounts receivable: +€240,082
- Cash -€145,918
down €145,918 (-56.1%), from €260,225 to €114,307
mainly Receivables within one year (-€240,082) and Current investments (-€35,425)
- Current investments +€35,425
up €35,425 (+57.3%), from €61,808 to €97,233
- Tangible fixed assets -€13,000
down €13,000 (-24.8%), from €52,497 to €39,497
- Profit (loss) carried forward +€128,963
up €128,963 (+48.8%), from €264,152 to €393,115
- Other debts -€8,964
no longer reported in 2025 (was €8,964)
- Debts after one year -€7,147
down €7,147 (-21.9%), from €32,623 to €25,476
- Taxes +€7,919
up €7,919 (+24.9%), from €31,802 to €39,721
- Gross operating margin +€5,394
up €5,394 (+3.0%), from €178,357 to €183,751
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 | €400,961 | €517,581 | +€116,620 | +29.1% |
| Fixed assets | 21/28 | €52,497 | €39,497 | -€13,000 | -24.8% |
| Tangible fixed assets | 22/27 | €52,497 | €39,497 | -€13,000 | -24.8% |
| Furniture and vehicles | 24 | €52,497 | €39,497 | -€13,000 | -24.8% |
| Current assets | 29/58 | €348,464 | €478,084 | +€129,620 | +37.2% |
| Amounts receivable within one year | 40/41 | €24,909 | €264,991 | +€240,082 | +964% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €709 | €240,791 | +€240,082 | +33,862% |
| Current investments | 50/53 | €61,808 | €97,233 | +€35,425 | +57.3% |
| Cash at bank and in hand | 54/58 | €260,225 | €114,307 | -€145,918 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,522 | €1,553 | +€31 | +2.0% |
| Total equity and liabilities | 10/49 | €400,961 | €517,581 | +€116,620 | +29.1% |
| Equity | 10/15 | €269,152 | €398,115 | +€128,963 | +47.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,152 | €393,115 | +€128,963 | +48.8% |
| Amounts payable | 17/49 | €131,809 | €119,466 | -€12,343 | -9.4% |
| Amounts payable after more than one year | 17 | €32,623 | €25,476 | -€7,147 | -21.9% |
| Financial debts | 170/4 | €32,623 | €25,476 | -€7,147 | -21.9% |
| Amounts payable within one year | 42/48 | €98,679 | €93,483 | -€5,196 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €6,899 | €7,147 | +€248 | +3.6% |
| Trade debts | 44 | €1,238 | €3,750 | +€2,512 | +203% |
| Suppliers | 440/4 | €1,238 | €3,750 | +€2,512 | +203% |
| Taxes, remuneration and social security | 45 | €81,578 | €82,586 | +€1,008 | +1.2% |
| Taxes | 450/3 | €81,578 | €82,586 | +€1,008 | +1.2% |
| Other amounts payable | 47/48 | €8,964 | - | -€8,964 | |
| Accrued charges and deferred income | 492/3 | €507 | €507 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,503 | €13,000 | +€497 | +4.0% |
| Other operating charges | 640/8 | €676 | €842 | +€166 | +24.6% |
| Gross operating margin | 9900 | €178,357 | €183,751 | +€5,394 | +3.0% |
| Operating profit (loss) | 9901 | €165,178 | €169,909 | +€4,731 | +2.9% |
| Financial income | 75/76B | €2,364 | €2,523 | +€159 | +6.7% |
| Recurring financial income | 75 | €2,364 | €2,523 | +€159 | +6.7% |
| Financial charges | 65/66B | €4,883 | €3,748 | -€1,135 | -23.2% |
| Recurring financial charges | 65 | €4,883 | €3,748 | -€1,135 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €162,659 | €168,684 | +€6,025 | +3.7% |
| Income taxes | 67/77 | €31,802 | €39,721 | +€7,919 | +24.9% |
| Profit (loss) for the period | 9904 | €130,857 | €128,963 | -€1,894 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €130,857 | €128,963 | -€1,894 | -1.4% |
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 14 October 2026 via checked.be.