PLACIDO CONSTRUCT: 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.
PLACIDO CONSTRUCT
Largest movements
- Tangible fixed assets +€565,695
up €565,695 (+11,105%), from €5,094 to €570,789
of which Land and buildings: +€566,332
- Cash +€318,260
up €318,260 (+115%), from €276,551 to €594,810
mainly Debts after one year (+€502,058) and Net result for the year (+€308,936)
- Receivables within one year -€110,837
down €110,837 (-7.2%), from €1.5m to €1.4m
of which Trade receivables: -€189,916
- Debts after one year +€502,058
new in 2025: €502,058
- Profit (loss) carried forward +€258,936
up €258,936 (+50.3%), from €515,213 to €774,149
- Gross operating margin +€339,045
up €339,045 (+98.2%), from €345,238 to €684,282
- Staff costs +€78,009
up €78,009 (+38.3%), from €203,750 to €281,758
- Taxes +€54,179
up €54,179 (+141%), from €38,500 to €92,679
- Financial charges -€18,139
down €18,139 (-35.2%), from €51,500 to €33,361
- Financial income -€17,095
down €17,095 (-26.5%), from €64,435 to €47,341
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 | €1,842,084 | €2,611,436 | +€769,352 | +41.8% |
| Fixed assets | 21/28 | €19,494 | €589,389 | +€569,895 | +2,923% |
| Tangible fixed assets | 22/27 | €5,094 | €570,789 | +€565,695 | +11,105% |
| Land and buildings | 22 | - | €566,332 | +€566,332 | |
| Plant, machinery and equipment | 23 | €1,368 | €2,683 | +€1,316 | +96.2% |
| Furniture and vehicles | 24 | €3,726 | €1,773 | -€1,953 | -52.4% |
| Financial fixed assets | 28 | €14,400 | €18,600 | +€4,200 | +29.2% |
| Current assets | 29/58 | €1,822,589 | €2,022,047 | +€199,458 | +10.9% |
| Amounts receivable within one year | 40/41 | €1,535,340 | €1,424,503 | -€110,837 | -7.2% |
| Trade receivables | 40 | €1,446,450 | €1,256,533 | -€189,916 | -13.1% |
| Other amounts receivable | 41 | €88,890 | €167,969 | +€79,079 | +89.0% |
| Cash at bank and in hand | 54/58 | €276,551 | €594,810 | +€318,260 | +115% |
| Deferred charges and accrued income | 490/1 | €10,699 | €2,735 | -€7,965 | -74.4% |
| Total equity and liabilities | 10/49 | €1,842,084 | €2,611,436 | +€769,352 | +41.8% |
| Equity | 10/15 | €547,673 | €806,609 | +€258,936 | +47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €515,213 | €774,149 | +€258,936 | +50.3% |
| Amounts payable | 17/49 | €1,294,411 | €1,804,827 | +€510,416 | +39.4% |
| Amounts payable after more than one year | 17 | - | €502,058 | +€502,058 | |
| Financial debts | 170/4 | - | €502,058 | +€502,058 | |
| Amounts payable within one year | 42/48 | €1,294,411 | €1,302,769 | +€8,358 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | - | €23,048 | +€23,048 | |
| Financial debts | 43 | €128,332 | €125,000 | -€3,332 | -2.6% |
| Credit institutions | 430/8 | €128,332 | €125,000 | -€3,332 | -2.6% |
| Trade debts | 44 | €1,021,953 | €1,037,305 | +€15,352 | +1.5% |
| Suppliers | 440/4 | €1,016,685 | €1,032,037 | +€15,352 | +1.5% |
| Bills of exchange payable | 441 | €5,268 | €5,268 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €83,090 | €74,688 | -€8,402 | -10.1% |
| Taxes | 450/3 | €60,937 | €52,664 | -€8,273 | -13.6% |
| Remuneration and social security | 454/9 | €22,154 | €22,025 | -€129 | -0.6% |
| Other amounts payable | 47/48 | €61,036 | €42,728 | -€18,308 | -30.0% |
| Non-recurring operating income | 76A | €8,280 | €23,778 | +€15,498 | +187% |
| Remuneration, social security and pensions | 62 | €203,750 | €281,758 | +€78,009 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,720 | €7,498 | -€5,222 | -41.1% |
| Other operating charges | 640/8 | €15,528 | €3,543 | -€11,985 | -77.2% |
| Non-recurring operating charges | 66A | €3,919 | €3,847 | -€72 | -1.8% |
| Gross operating margin | 9900 | €345,238 | €684,282 | +€339,045 | +98.2% |
| Operating profit (loss) | 9901 | €109,321 | €387,636 | +€278,315 | +255% |
| Financial income | 75/76B | €64,435 | €47,341 | -€17,095 | -26.5% |
| Recurring financial income | 75 | €64,435 | €47,341 | -€17,095 | -26.5% |
| Financial charges | 65/66B | €51,500 | €33,361 | -€18,139 | -35.2% |
| Recurring financial charges | 65 | €51,500 | €33,361 | -€18,139 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €122,256 | €401,615 | +€279,359 | +229% |
| Income taxes | 67/77 | €38,500 | €92,679 | +€54,179 | +141% |
| Profit (loss) for the period | 9904 | €83,756 | €308,936 | +€225,180 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €83,756 | €308,936 | +€225,180 | +269% |
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 13 October 2026 via checked.be.