PLAFO PINTO: 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.
PLAFO PINTO
Largest movements
- Tangible fixed assets +€324,015
up €324,015 (+1,102%), from €29,412 to €353,427
of which Land and buildings: +€338,518
- Cash -€94,494
down €94,494 (-49.9%), from €189,375 to €94,880
mainly Investment in fixed assets (net) (-€346,844) and Net result for the year (-€101,690)
- Debts after one year +€296,663
up €296,663 (+4,381%), from €6,772 to €303,435
- Reserves -€102,000
down €102,000 (-23.2%), from €438,860 to €336,860
of which Distributable reserves: -€100,140
- Short-term financial debts +€58,829
up €58,829 (+573%), from €10,259 to €69,088
- Tax, wage and social debts -€19,423
down €19,423 (-20.7%), from €93,886 to €74,462
of which Taxes: -€19,762
- Gross operating margin -€305,013
down €305,013, from €269,987 to -€35,026
- Taxes -€57,299
down €57,299 (-98.7%), from €58,027 to €728
- Financial charges +€4,769
up €4,769 (+108%), from €4,409 to €9,178
- Staff costs +€3,417
up €3,417 (+13.1%), from €26,179 to €29,595
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 | €695,081 | €925,794 | +€230,713 | +33.2% |
| Fixed assets | 21/28 | €32,022 | €355,917 | +€323,895 | +1,011% |
| Tangible fixed assets | 22/27 | €29,412 | €353,427 | +€324,015 | +1,102% |
| Land and buildings | 22 | - | €338,518 | +€338,518 | |
| Plant, machinery and equipment | 23 | €5,103 | €2,187 | -€2,917 | -57.2% |
| Furniture and vehicles | 24 | €1,822 | €7,724 | +€5,902 | +324% |
| Leasing and similar rights | 25 | €22,486 | €4,997 | -€17,489 | -77.8% |
| Financial fixed assets | 28 | €2,610 | €2,490 | -€120 | -4.6% |
| Current assets | 29/58 | €663,059 | €569,877 | -€93,182 | -14.1% |
| Amounts receivable within one year | 40/41 | €471,561 | €472,843 | +€1,282 | +0.3% |
| Trade receivables | 40 | €443,352 | €417,516 | -€25,836 | -5.8% |
| Other amounts receivable | 41 | €28,209 | €55,326 | +€27,118 | +96.1% |
| Cash at bank and in hand | 54/58 | €189,375 | €94,880 | -€94,494 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,124 | €2,154 | +€31 | +1.4% |
| Total equity and liabilities | 10/49 | €695,081 | €925,794 | +€230,713 | +33.2% |
| Equity | 10/15 | €452,593 | €350,902 | -€101,690 | -22.5% |
| Contributions | 10/11 | €13,550 | €13,550 | = | 0.0% |
| Reserves | 13 | €438,860 | €336,860 | -€102,000 | -23.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €437,000 | €336,860 | -€100,140 | -22.9% |
| Profit (loss) carried forward | 14 | €183 | €492 | +€310 | +170% |
| Amounts payable | 17/49 | €242,488 | €574,892 | +€332,404 | +137% |
| Amounts payable after more than one year | 17 | €6,772 | €303,435 | +€296,663 | +4,381% |
| Financial debts | 170/4 | €6,772 | €303,435 | +€296,663 | +4,381% |
| Amounts payable within one year | 42/48 | €234,428 | €271,457 | +€37,028 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €25,854 | €17,738 | -€8,116 | -31.4% |
| Financial debts | 43 | €10,259 | €69,088 | +€58,829 | +573% |
| Credit institutions | 430/8 | €10,259 | €69,088 | +€58,829 | +573% |
| Trade debts | 44 | €104,430 | €108,643 | +€4,213 | +4.0% |
| Suppliers | 440/4 | €104,430 | €108,643 | +€4,213 | +4.0% |
| Taxes, remuneration and social security | 45 | €93,886 | €74,462 | -€19,423 | -20.7% |
| Taxes | 450/3 | €62,788 | €43,026 | -€19,762 | -31.5% |
| Remuneration and social security | 454/9 | €31,098 | €31,437 | +€339 | +1.1% |
| Other amounts payable | 47/48 | - | €1,525 | +€1,525 | |
| Accrued charges and deferred income | 492/3 | €1,288 | - | -€1,288 | |
| Non-recurring operating income | 76A | - | €22,436 | +€22,436 | |
| Remuneration, social security and pensions | 62 | €26,179 | €29,595 | +€3,417 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,724 | €22,949 | +€1,225 | +5.6% |
| Other operating charges | 640/8 | €3,604 | €5,193 | +€1,589 | +44.1% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €269,987 | -€35,026 | -€305,013 | |
| Operating profit (loss) | 9901 | €218,480 | -€93,263 | -€311,743 | |
| Financial income | 75/76B | €25 | €1,479 | +€1,454 | +5,808% |
| Recurring financial income | 75 | €25 | €1,479 | +€1,454 | +5,808% |
| Financial charges | 65/66B | €4,409 | €9,178 | +€4,769 | +108% |
| Recurring financial charges | 65 | €4,409 | €9,178 | +€4,769 | +108% |
| Profit (loss) for the period before taxes | 9903 | €214,096 | -€100,962 | -€315,058 | |
| Income taxes | 67/77 | €58,027 | €728 | -€57,299 | -98.7% |
| Profit (loss) for the period | 9904 | €156,069 | -€101,690 | -€257,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,069 | -€101,690 | -€257,760 |
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 29 October 2026 via checked.be.