PL MANAGEMENT: 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.
PL MANAGEMENT
Largest movements
- Receivables within one year +€9,351
up €9,351 (+3.1%), from €304,498 to €313,849
of which Trade receivables: +€9,000
- Cash -€6,635
down €6,635 (-92.6%), from €7,167 to €532
mainly Tax, wage and social debts (-€9,611) and Receivables within one year (-€9,351)
- Deferred charges and accrued income -€3,959
down €3,959 (-5.7%), from €70,000 to €66,041
- Tax, wage and social debts -€9,611
down €9,611 (-69.4%), from €13,851 to €4,239
- Profit (loss) carried forward +€8,412
up €8,412 (+7.9%), from €105,861 to €114,273
- Gross operating margin -€21,094
down €21,094 (-56.8%), from €37,169 to €16,076
- Taxes -€2,539
down €2,539 (-25.4%), from €10,011 to €7,473
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 | €381,765 | €380,522 | -€1,243 | -0.3% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €381,665 | €380,422 | -€1,243 | -0.3% |
| Amounts receivable within one year | 40/41 | €304,498 | €313,849 | +€9,351 | +3.1% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €304,498 | €304,849 | +€351 | +0.1% |
| Cash at bank and in hand | 54/58 | €7,167 | €532 | -€6,635 | -92.6% |
| Deferred charges and accrued income | 490/1 | €70,000 | €66,041 | -€3,959 | -5.7% |
| Total equity and liabilities | 10/49 | €381,765 | €380,522 | -€1,243 | -0.3% |
| Equity | 10/15 | €367,871 | €376,283 | +€8,412 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,610 | €249,610 | = | 0.0% |
| Distributable reserves | 133 | €249,610 | €249,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,861 | €114,273 | +€8,412 | +7.9% |
| Amounts payable | 17/49 | €13,894 | €4,239 | -€9,655 | -69.5% |
| Amounts payable within one year | 42/48 | €13,894 | €4,239 | -€9,655 | -69.5% |
| Trade debts | 44 | €43 | - | -€43 | |
| Suppliers | 440/4 | €43 | - | -€43 | |
| Taxes, remuneration and social security | 45 | €13,851 | €4,239 | -€9,611 | -69.4% |
| Taxes | 450/3 | €13,851 | €4,239 | -€9,611 | -69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | - | -€52 | |
| Other operating charges | 640/8 | €165 | €57 | -€108 | -65.4% |
| Gross operating margin | 9900 | €37,169 | €16,076 | -€21,094 | -56.8% |
| Operating profit (loss) | 9901 | €36,952 | €16,018 | -€20,934 | -56.7% |
| Financial income | 75/76B | €169 | €312 | +€143 | +84.5% |
| Recurring financial income | 75 | €169 | €312 | +€143 | +84.5% |
| Financial charges | 65/66B | €429 | €446 | +€17 | +4.1% |
| Recurring financial charges | 65 | €429 | €446 | +€17 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €36,693 | €15,884 | -€20,809 | -56.7% |
| Income taxes | 67/77 | €10,011 | €7,473 | -€2,539 | -25.4% |
| Profit (loss) for the period | 9904 | €26,682 | €8,412 | -€18,270 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,682 | €8,412 | -€18,270 | -68.5% |
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.