PL Products: 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 Products
Largest movements
- Cash -€8,585
down €8,585 (-52.8%), from €16,262 to €7,677
mainly Other debts (-€17,266) and Receivables within one year (-€3,470)
- Receivables within one year +€3,470
up €3,470 (+253.0%), from €1,371 to €4,842
of which Other amounts receivable: +€2,515
- Deferred charges and accrued income -€2,500
no longer reported in 2025 (was €2,500)
- Tangible fixed assets +€2,498
up €2,498 (+55.5%), from €4,501 to €7,000
of which Land and buildings: +€2,697
- Other debts -€17,266
down €17,266 (-98.9%), from €17,454 to €188
- Profit (loss) carried forward +€11,468
up €11,468 (+30.8%), from -€37,231 to -€25,763
- Trade debts +€1,795
up €1,795 (+74.8%), from €2,402 to €4,197
- Accrued charges and deferred income -€1,000
no longer reported in 2025 (was €1,000)
- Gross operating margin +€8,721
up €8,721 (+160.3%), from €5,442 to €14,163
- Other operating charges +€1,102
up €1,102 (+238.4%), from €462 to €1,564
- Financial charges +€362
up €362 (+309.0%), from €117 to €479
- Depreciation +€359
up €359 (+122.8%), from €293 to €652
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 | €24,634 | €19,629 | -€5,006 | -20.3% |
| Fixed assets | 21/28 | €4,501 | €7,110 | +€2,609 | +58.0% |
| Tangible fixed assets | 22/27 | €4,501 | €7,000 | +€2,498 | +55.5% |
| Land and buildings | 22 | €3,576 | €6,273 | +€2,697 | +75.4% |
| Furniture and vehicles | 24 | €925 | €726 | -€199 | -21.5% |
| Financial fixed assets | 28 | - | €111 | +€111 | |
| Current assets | 29/58 | €20,133 | €12,519 | -€7,614 | -37.8% |
| Amounts receivable within one year | 40/41 | €1,371 | €4,842 | +€3,470 | +253.0% |
| Trade receivables | 40 | €1,368 | €2,323 | +€955 | +69.8% |
| Other amounts receivable | 41 | €3 | €2,519 | +€2,515 | +73116.0% |
| Cash at bank and in hand | 54/58 | €16,262 | €7,677 | -€8,585 | -52.8% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €24,634 | €19,629 | -€5,006 | -20.3% |
| Equity | 10/15 | €2,769 | €14,237 | +€11,468 | +414.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,231 | -€25,763 | +€11,468 | +30.8% |
| Amounts payable | 17/49 | €21,865 | €5,392 | -€16,473 | -75.3% |
| Amounts payable within one year | 42/48 | €20,865 | €5,392 | -€15,473 | -74.2% |
| Trade debts | 44 | €2,402 | €4,197 | +€1,795 | +74.8% |
| Suppliers | 440/4 | €2,402 | €4,197 | +€1,795 | +74.8% |
| Advances received on contracts in progress | 46 | €850 | €850 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €160 | €157 | -€2 | -1.5% |
| Taxes | 450/3 | €160 | €157 | -€2 | -1.5% |
| Other amounts payable | 47/48 | €17,454 | €188 | -€17,266 | -98.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €652 | +€359 | +122.8% |
| Other operating charges | 640/8 | €462 | €1,564 | +€1,102 | +238.4% |
| Gross operating margin | 9900 | €5,442 | €14,163 | +€8,721 | +160.3% |
| Operating profit (loss) | 9901 | €4,687 | €11,946 | +€7,260 | +154.9% |
| Financial income | 75/76B | €85 | €0 | -€85 | -99.9% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -99.9% |
| Financial charges | 65/66B | €117 | €479 | +€362 | +309.0% |
| Recurring financial charges | 65 | €117 | €479 | +€362 | +309.0% |
| Profit (loss) for the period before taxes | 9903 | €4,655 | €11,468 | +€6,813 | +146.4% |
| Profit (loss) for the period | 9904 | €4,655 | €11,468 | +€6,813 | +146.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,655 | €11,468 | +€6,813 | +146.4% |
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 12 October 2026 via checked.be.