PLACORA: 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.
PLACORA
Largest movements
- Tangible fixed assets +€50,244
up €50,244 (+105.5%), from €47,642 to €97,886
of which Leasing and similar rights: +€49,833
- Cash -€16,894
down €16,894 (-49.8%), from €33,919 to €17,025
mainly Investment in fixed assets (net) (-€73,283) and Receivables within one year (-€9,983)
- Receivables within one year +€9,983
up €9,983 (+17.9%), from €55,863 to €65,846
- Stocks and contracts +€6,716
up €6,716 (+10.7%), from €62,625 to €69,341
- Debts after one year +€19,791
up €19,791 (+8.7%), from €227,030 to €246,821
of which Financial debts: +€48,424
- Current portion of long-term debt +€15,191
up €15,191 (+109.0%), from €13,938 to €29,129
- Trade debts +€13,270
up €13,270 (+55.1%), from €24,063 to €37,333
- Profit (loss) carried forward +€3,561
up €3,561 (+1.9%), from -€185,660 to -€182,099
- Gross operating margin +€9,790
up €9,790 (+39.0%), from €25,129 to €34,919
- Depreciation +€4,095
up €4,095 (+23.7%), from €17,316 to €21,411
- Other operating charges +€1,208
up €1,208 (+62.3%), from €1,939 to €3,147
- Financial income -€818
down €818 (-91.9%), from €890 to €72
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 | €203,852 | €255,528 | +€51,676 | +25.3% |
| Fixed assets | 21/28 | €49,936 | €101,808 | +€51,872 | +103.9% |
| Intangible fixed assets | 21 | €397 | €284 | -€113 | -28.4% |
| Tangible fixed assets | 22/27 | €47,642 | €97,886 | +€50,244 | +105.5% |
| Land and buildings | 22 | €4,805 | €2,255 | -€2,550 | -53.1% |
| Plant, machinery and equipment | 23 | €1,210 | €5,554 | +€4,344 | +359.2% |
| Furniture and vehicles | 24 | €3,576 | €2,193 | -€1,383 | -38.7% |
| Leasing and similar rights | 25 | €38,051 | €87,884 | +€49,833 | +131.0% |
| Financial fixed assets | 28 | €1,898 | €3,638 | +€1,740 | +91.6% |
| Current assets | 29/58 | €153,915 | €153,720 | -€195 | -0.1% |
| Stocks and contracts in progress | 3 | €62,625 | €69,341 | +€6,716 | +10.7% |
| Stocks | 30/36 | €62,625 | €69,341 | +€6,716 | +10.7% |
| Amounts receivable within one year | 40/41 | €55,863 | €65,846 | +€9,983 | +17.9% |
| Trade receivables | 40 | €55,863 | €65,846 | +€9,983 | +17.9% |
| Cash at bank and in hand | 54/58 | €33,919 | €17,025 | -€16,894 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,508 | €1,508 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €203,852 | €255,528 | +€51,676 | +25.3% |
| Equity | 10/15 | -€111,354 | -€107,793 | +€3,561 | +3.2% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €5,706 | €5,706 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €5,706 | €5,706 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€185,660 | -€182,099 | +€3,561 | +1.9% |
| Amounts payable | 17/49 | €315,206 | €363,321 | +€48,115 | +15.3% |
| Amounts payable after more than one year | 17 | €227,030 | €246,821 | +€19,791 | +8.7% |
| Financial debts | 170/4 | €23,227 | €71,651 | +€48,424 | +208.5% |
| Other amounts payable | 178/9 | €203,804 | €175,170 | -€28,634 | -14.0% |
| Amounts payable within one year | 42/48 | €87,960 | €116,285 | +€28,325 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €13,938 | €29,129 | +€15,191 | +109.0% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €24,063 | €37,333 | +€13,270 | +55.1% |
| Suppliers | 440/4 | €24,063 | €37,333 | +€13,270 | +55.1% |
| Taxes, remuneration and social security | 45 | €9,959 | €9,823 | -€136 | -1.4% |
| Taxes | 450/3 | €7,744 | €7,608 | -€136 | -1.8% |
| Remuneration and social security | 454/9 | €2,215 | €2,215 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €215 | €215 | = | 0.0% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,316 | €21,411 | +€4,095 | +23.7% |
| Other operating charges | 640/8 | €1,939 | €3,147 | +€1,208 | +62.3% |
| Gross operating margin | 9900 | €25,129 | €34,919 | +€9,790 | +39.0% |
| Operating profit (loss) | 9901 | €5,874 | €10,361 | +€4,487 | +76.4% |
| Financial income | 75/76B | €890 | €72 | -€818 | -91.9% |
| Recurring financial income | 75 | €890 | €72 | -€818 | -91.9% |
| Financial charges | 65/66B | €6,905 | €6,646 | -€259 | -3.7% |
| Recurring financial charges | 65 | €6,905 | €6,646 | -€259 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€140 | €3,787 | +€3,927 | |
| Income taxes | 67/77 | €60 | €226 | +€166 | +275.8% |
| Profit (loss) for the period | 9904 | -€200 | €3,561 | +€3,761 | |
| Profit (loss) for the period to be appropriated | 9905 | -€200 | €3,561 | +€3,761 |
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 28 September 2026 via checked.be.