PLAFOBELGE: what changed
What changed
PLAFOBELGE
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€8,909
2024 · €4,282+€4,627
Equity
€126,528
2024 · €117,619+€8,909
Cash
€911
2024 · €1,311-€401
Balance sheet total
€927,846
2024 · €849,688+€78,158
Largest movements
Assets
- Tangible fixed assets +€95,686
up €95,686 (+446%), from €21,459 to €117,145
of which Furniture and vehicles: +€96,686
- Stocks and contracts -€19,117
down €19,117 (-5.7%), from €333,081 to €313,964
of which Stocks: -€19,117
Equity and liabilities
- Debts after one year +€146,067
up €146,067 (+79.8%), from €183,151 to €329,219
- Current portion of long-term debt -€102,535
down €102,535 (-49.7%), from €206,300 to €103,765
- Trade debts +€24,376
up €24,376 (+34.5%), from €70,657 to €95,032
Income statement
- Financial charges -€3,933
down €3,933 (-24.2%), from €16,272 to €12,339
- Depreciation -€3,100
down €3,100 (-23.4%), from €13,249 to €10,149
- Gross operating margin -€2,196
down €2,196 (-5.9%), from €36,997 to €34,801
- Other operating charges -€1,230
down €1,230 (-37.4%), from €3,289 to €2,060
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,282
Gross operating margin
-€2,196
Depreciation
+€3,100
Other operating charges
+€1,230
Other operating items
-€1,367
Financial income
-€73
Financial charges
+€3,933
Result 2025
€8,909
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€62,923
Investment
-€105,835
Financing
+€42,512
Cash 2024
€1,311
From operations (derived)
+€62,923
Net result for the year
+€8,909
Depreciation
+€10,149
Stocks and contracts
+€19,117
Receivables within one year
-€1,989
Trade debts
+€24,376
Tax, wage and social debts
-€358
Other debts
+€2,720
Investment (derived)
-€105,835
Investment in fixed assets (net)
-€105,835
Financing
+€42,512
Debts after one year
+€146,067
Current portion of long-term debt
-€102,535
Short-term financial debts
-€1,020
Cash 2025
€911
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,688 | €927,846 | +€78,158 | +9.2% |
| Fixed assets | 21/28 | €21,459 | €117,145 | +€95,686 | +446% |
| Tangible fixed assets | 22/27 | €21,459 | €117,145 | +€95,686 | +446% |
| Plant, machinery and equipment | 23 | €2,250 | €1,249 | -€1,000 | -44.5% |
| Furniture and vehicles | 24 | €19,209 | €115,896 | +€96,686 | +503% |
| Current assets | 29/58 | €828,229 | €810,701 | -€17,528 | -2.1% |
| Stocks and contracts in progress | 3 | €333,081 | €313,964 | -€19,117 | -5.7% |
| Stocks | 30/36 | €248,081 | €228,964 | -€19,117 | -7.7% |
| Contracts in progress | 37 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €493,837 | €495,826 | +€1,989 | +0.4% |
| Trade receivables | 40 | €486,948 | €484,520 | -€2,428 | -0.5% |
| Other amounts receivable | 41 | €6,889 | €11,306 | +€4,417 | +64.1% |
| Cash at bank and in hand | 54/58 | €1,311 | €911 | -€401 | -30.5% |
| Total equity and liabilities | 10/49 | €849,688 | €927,846 | +€78,158 | +9.2% |
| Equity | 10/15 | €117,619 | €126,528 | +€8,909 | +7.6% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €116,939 | €116,939 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,857 | €18,857 | = | 0.0% |
| Distributable reserves | 133 | €98,082 | €98,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,920 | -€49,011 | +€8,909 | +15.4% |
| Provisions and deferred taxes | 16 | €1,660 | €1,660 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,660 | €1,660 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,660 | €1,660 | = | 0.0% |
| Amounts payable | 17/49 | €730,409 | €799,658 | +€69,249 | +9.5% |
| Amounts payable after more than one year | 17 | €183,151 | €329,219 | +€146,067 | +79.8% |
| Financial debts | 170/4 | €183,151 | €329,219 | +€146,067 | +79.8% |
| Amounts payable within one year | 42/48 | €547,258 | €470,440 | -€76,818 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €206,300 | €103,765 | -€102,535 | -49.7% |
| Financial debts | 43 | €104,070 | €103,050 | -€1,020 | -1.0% |
| Credit institutions | 430/8 | €104,070 | €103,050 | -€1,020 | -1.0% |
| Trade debts | 44 | €70,657 | €95,032 | +€24,376 | +34.5% |
| Suppliers | 440/4 | €70,657 | €95,032 | +€24,376 | +34.5% |
| Taxes, remuneration and social security | 45 | €358 | €0 | -€358 | -100% |
| Taxes | 450/3 | €358 | €0 | -€358 | -100% |
| Other amounts payable | 47/48 | €165,872 | €168,592 | +€2,720 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,249 | €10,149 | -€3,100 | -23.4% |
| Other operating charges | 640/8 | €3,289 | €2,060 | -€1,230 | -37.4% |
| Non-recurring operating charges | 66A | €0 | €1,367 | +€1,367 | |
| Gross operating margin | 9900 | €36,997 | €34,801 | -€2,196 | -5.9% |
| Operating profit (loss) | 9901 | €20,458 | €21,225 | +€767 | +3.7% |
| Financial income | 75/76B | €96 | €23 | -€73 | -75.7% |
| Recurring financial income | 75 | €96 | €23 | -€73 | -75.7% |
| Financial charges | 65/66B | €16,272 | €12,339 | -€3,933 | -24.2% |
| Recurring financial charges | 65 | €16,272 | €12,339 | -€3,933 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €4,282 | €8,909 | +€4,627 | +108% |
| Profit (loss) for the period | 9904 | €4,282 | €8,909 | +€4,627 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €4,282 | €8,909 | +€4,627 | +108% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.