PL Projects: 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 Projects
Largest movements
- Current investments +€15,063
new in 2025: €15,063
- Cash -€6,893
down €6,893 (-25.8%), from €26,732 to €19,839
mainly Contributions, distributions and other (-€32,000) and Current investments (-€15,063)
- Receivables within one year +€4,019
up €4,019 (+36.7%), from €10,952 to €14,971
of which Trade receivables: +€4,635
- Other debts +€16,628
new in 2025: €16,628
- Tax, wage and social debts -€2,223
down €2,223 (-20.4%), from €10,925 to €8,702
of which Remuneration and social security: -€1,338
- Reserves -€1,637
down €1,637 (-5.1%), from €32,000 to €30,363
- Profit (loss) carried forward -€806
down €806 (-100.0%), from €806 to €0
- Gross operating margin +€16,371
up €16,371 (+62.6%), from €26,142 to €42,514
- Taxes +€3,832
up €3,832 (+86.6%), from €4,425 to €8,257
- Depreciation -€3,674
down €3,674 (-52.4%), from €7,010 to €3,336
- Other operating charges -€908
down €908 (-47.4%), from €1,917 to €1,008
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 | €45,681 | €57,825 | +€12,144 | +26.6% |
| Fixed assets | 21/28 | €6,440 | €6,134 | -€306 | -4.8% |
| Tangible fixed assets | 22/27 | €6,400 | €6,094 | -€306 | -4.8% |
| Plant, machinery and equipment | 23 | €390 | €240 | -€150 | -38.5% |
| Furniture and vehicles | 24 | €5,820 | €5,737 | -€84 | -1.4% |
| Other tangible fixed assets | 26 | €190 | €117 | -€73 | -38.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €39,241 | €51,691 | +€12,450 | +31.7% |
| Amounts receivable within one year | 40/41 | €10,952 | €14,971 | +€4,019 | +36.7% |
| Trade receivables | 40 | €10,333 | €14,968 | +€4,635 | +44.9% |
| Other amounts receivable | 41 | €619 | €3 | -€616 | -99.5% |
| Current investments | 50/53 | - | €15,063 | +€15,063 | |
| Cash at bank and in hand | 54/58 | €26,732 | €19,839 | -€6,893 | -25.8% |
| Deferred charges and accrued income | 490/1 | €1,557 | €1,818 | +€262 | +16.8% |
| Total equity and liabilities | 10/49 | €45,681 | €57,825 | +€12,144 | +26.6% |
| Equity | 10/15 | €33,806 | €31,363 | -€2,443 | -7.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €30,363 | -€1,637 | -5.1% |
| Distributable reserves | 133 | €32,000 | €30,363 | -€1,637 | -5.1% |
| Profit (loss) carried forward | 14 | €806 | €0 | -€806 | -100.0% |
| Amounts payable | 17/49 | €11,875 | €26,461 | +€14,586 | +122.8% |
| Amounts payable within one year | 42/48 | €11,875 | €26,461 | +€14,586 | +122.8% |
| Trade debts | 44 | €950 | €1,132 | +€182 | +19.1% |
| Suppliers | 440/4 | €950 | €1,132 | +€182 | +19.1% |
| Taxes, remuneration and social security | 45 | €10,925 | €8,702 | -€2,223 | -20.4% |
| Taxes | 450/3 | €7,287 | €6,402 | -€886 | -12.2% |
| Remuneration and social security | 454/9 | €3,638 | €2,300 | -€1,338 | -36.8% |
| Other amounts payable | 47/48 | - | €16,628 | +€16,628 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,010 | €3,336 | -€3,674 | -52.4% |
| Other operating charges | 640/8 | €1,917 | €1,008 | -€908 | -47.4% |
| Gross operating margin | 9900 | €26,142 | €42,514 | +€16,371 | +62.6% |
| Operating profit (loss) | 9901 | €17,215 | €38,169 | +€20,954 | +121.7% |
| Financial income | 75/76B | €0 | €64 | +€64 | +318200.0% |
| Recurring financial income | 75 | €0 | €64 | +€64 | +318200.0% |
| Financial charges | 65/66B | €178 | €419 | +€241 | +136.0% |
| Recurring financial charges | 65 | €178 | €419 | +€241 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | €17,038 | €37,814 | +€20,776 | +121.9% |
| Income taxes | 67/77 | €4,425 | €8,257 | +€3,832 | +86.6% |
| Profit (loss) for the period | 9904 | €12,613 | €29,557 | +€16,944 | +134.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,613 | €29,557 | +€16,944 | +134.3% |
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.