PL POWER +: 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.
PL POWER +
Largest movements
- Intangible fixed assets -€70,771
down €70,771 (-11.1%), from €636,994 to €566,223
- Tangible fixed assets -€41,043
down €41,043 (-6.6%), from €621,229 to €580,187
of which Land and buildings: -€35,636
- Receivables within one year -€18,032
down €18,032 (-86.7%), from €20,800 to €2,768
of which Trade receivables: -€15,716
- Profit (loss) carried forward -€102,273
down €102,273 (-980%), from -€10,439 to -€112,712
- Trade debts -€17,189
down €17,189 (-76.1%), from €22,581 to €5,393
- Gross operating margin +€1,782
up €1,782 (+80.9%), from -€2,203 to -€421
- Taxes +€620
up €620 (+566%), from €110 to €730
- Financial income -€309
down €309 (-74.9%), from €412 to €103
- Financial charges -€194
down €194 (-22.8%), from €849 to €655
- Depreciation +€172
up €172 (+0.2%), from €112,510 to €112,682
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 | €1,300,192 | €1,161,187 | -€139,005 | -10.7% |
| Fixed assets | 21/28 | €1,258,224 | €1,146,410 | -€111,814 | -8.9% |
| Intangible fixed assets | 21 | €636,994 | €566,223 | -€70,771 | -11.1% |
| Tangible fixed assets | 22/27 | €621,229 | €580,187 | -€41,043 | -6.6% |
| Land and buildings | 22 | €604,383 | €568,747 | -€35,636 | -5.9% |
| Plant, machinery and equipment | 23 | €7,465 | €5,261 | -€2,204 | -29.5% |
| Furniture and vehicles | 24 | €9,381 | €6,178 | -€3,203 | -34.1% |
| Current assets | 29/58 | €41,969 | €14,778 | -€27,191 | -64.8% |
| Amounts receivable within one year | 40/41 | €20,800 | €2,768 | -€18,032 | -86.7% |
| Trade receivables | 40 | €18,484 | €2,768 | -€15,716 | -85.0% |
| Other amounts receivable | 41 | €2,316 | - | -€2,316 | |
| Cash at bank and in hand | 54/58 | €17,194 | €6,875 | -€10,319 | -60.0% |
| Deferred charges and accrued income | 490/1 | €3,975 | €5,134 | +€1,160 | +29.2% |
| Total equity and liabilities | 10/49 | €1,300,192 | €1,161,187 | -€139,005 | -10.7% |
| Equity | 10/15 | €982,764 | €868,300 | -€114,464 | -11.6% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €474,603 | €462,413 | -€12,190 | -2.6% |
| Tax-exempt reserves | 132 | €266,505 | €254,315 | -€12,190 | -4.6% |
| Distributable reserves | 133 | €208,097 | €208,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,439 | -€112,712 | -€102,273 | -980% |
| Provisions and deferred taxes | 16 | €137,229 | €130,952 | -€6,277 | -4.6% |
| Deferred taxes | 168 | €137,229 | €130,952 | -€6,277 | -4.6% |
| Amounts payable | 17/49 | €180,199 | €161,935 | -€18,264 | -10.1% |
| Amounts payable after more than one year | 17 | €114,467 | €125,037 | +€10,570 | +9.2% |
| Financial debts | 170/4 | €114,467 | €125,037 | +€10,570 | +9.2% |
| Amounts payable within one year | 42/48 | €24,869 | €7,781 | -€17,088 | -68.7% |
| Trade debts | 44 | €22,581 | €5,393 | -€17,189 | -76.1% |
| Suppliers | 440/4 | €22,581 | €5,393 | -€17,189 | -76.1% |
| Taxes, remuneration and social security | 45 | - | €700 | +€700 | |
| Taxes | 450/3 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €2,288 | €1,688 | -€600 | -26.2% |
| Accrued charges and deferred income | 492/3 | €40,863 | €29,117 | -€11,746 | -28.7% |
| Non-recurring operating income | 76A | €195 | - | -€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,510 | €112,682 | +€172 | +0.2% |
| Other operating charges | 640/8 | €6,120 | €6,237 | +€117 | +1.9% |
| Non-recurring operating charges | 66A | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€2,203 | -€421 | +€1,782 | +80.9% |
| Operating profit (loss) | 9901 | -€120,833 | -€119,459 | +€1,374 | +1.1% |
| Financial income | 75/76B | €412 | €103 | -€309 | -74.9% |
| Recurring financial income | 75 | €412 | €103 | -€309 | -74.9% |
| Financial charges | 65/66B | €849 | €655 | -€194 | -22.8% |
| Recurring financial charges | 65 | €849 | €655 | -€194 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€121,269 | -€120,011 | +€1,258 | +1.0% |
| Transfer from deferred taxes | 780 | €6,277 | €6,277 | = | 0.0% |
| Income taxes | 67/77 | €110 | €730 | +€620 | +566% |
| Profit (loss) for the period | 9904 | -€115,101 | -€114,464 | +€638 | +0.6% |
| Transfer from tax-exempt reserves | 789 | €12,190 | €12,190 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,911 | -€102,273 | +€638 | +0.6% |
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.