PLAN +: 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.
PLAN +
Largest movements
- Cash -€108,253
down €108,253 (-32.1%), from €337,061 to €228,808
mainly Investment in fixed assets (net) (-€87,946) and Receivables within one year (-€56,833)
- Receivables within one year +€56,833
up €56,833 (+36.9%), from €153,931 to €210,764
of which Trade receivables: +€72,863
- Tangible fixed assets +€44,554
up €44,554 (+16.3%), from €272,779 to €317,333
of which Furniture and vehicles: +€32,053
- Deferred charges and accrued income +€23,542
up €23,542 (+162%), from €14,490 to €38,032
- Financial fixed assets +€13,280
up €13,280 (+73.8%), from €18,000 to €31,280
- Tax, wage and social debts +€15,708
up €15,708 (+14.0%), from €112,422 to €128,130
of which Remuneration and social security: +€22,325
- Reserves +€13,676
up €13,676 (+3.3%), from €412,482 to €426,158
of which Distributable reserves: +€13,676
- Current portion of long-term debt +€10,940
up €10,940 (+50.4%), from €21,694 to €32,634
- Trade debts -€10,647
down €10,647 (-24.7%), from €43,098 to €32,451
- Staff costs +€90,601
up €90,601 (+24.7%), from €366,908 to €457,509
- Gross operating margin +€33,397
up €33,397 (+6.9%), from €486,332 to €519,729
- Other operating charges -€28,341
down €28,341 (-89.1%), from €31,807 to €3,465
- Depreciation +€12,471
up €12,471 (+70.7%), from €17,642 to €30,112
- Taxes -€9,263
down €9,263 (-57.0%), from €16,264 to €7,002
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 | €821,261 | €851,217 | +€29,956 | +3.6% |
| Fixed assets | 21/28 | €290,779 | €348,613 | +€57,834 | +19.9% |
| Tangible fixed assets | 22/27 | €272,779 | €317,333 | +€44,554 | +16.3% |
| Land and buildings | 22 | €237,911 | €250,411 | +€12,501 | +5.3% |
| Furniture and vehicles | 24 | €34,869 | €66,922 | +€32,053 | +91.9% |
| Financial fixed assets | 28 | €18,000 | €31,280 | +€13,280 | +73.8% |
| Current assets | 29/58 | €530,482 | €502,604 | -€27,878 | -5.3% |
| Amounts receivable within one year | 40/41 | €153,931 | €210,764 | +€56,833 | +36.9% |
| Trade receivables | 40 | €134,179 | €207,042 | +€72,863 | +54.3% |
| Other amounts receivable | 41 | €19,752 | €3,722 | -€16,030 | -81.2% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €337,061 | €228,808 | -€108,253 | -32.1% |
| Deferred charges and accrued income | 490/1 | €14,490 | €38,032 | +€23,542 | +162% |
| Total equity and liabilities | 10/49 | €821,261 | €851,217 | +€29,956 | +3.6% |
| Equity | 10/15 | €424,882 | €438,558 | +€13,676 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €412,482 | €426,158 | +€13,676 | +3.3% |
| 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 | €410,622 | €424,298 | +€13,676 | +3.3% |
| Amounts payable | 17/49 | €396,379 | €412,659 | +€16,280 | +4.1% |
| Amounts payable after more than one year | 17 | €211,908 | €211,758 | -€151 | -0.1% |
| Financial debts | 170/4 | €211,908 | €211,758 | -€151 | -0.1% |
| Amounts payable within one year | 42/48 | €184,471 | €193,216 | +€8,745 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €21,694 | €32,634 | +€10,940 | +50.4% |
| Trade debts | 44 | €43,098 | €32,451 | -€10,647 | -24.7% |
| Suppliers | 440/4 | €43,098 | €32,451 | -€10,647 | -24.7% |
| Taxes, remuneration and social security | 45 | €112,422 | €128,130 | +€15,708 | +14.0% |
| Taxes | 450/3 | €69,167 | €62,550 | -€6,617 | -9.6% |
| Remuneration and social security | 454/9 | €43,256 | €65,581 | +€22,325 | +51.6% |
| Other amounts payable | 47/48 | €7,256 | - | -€7,256 | |
| Accrued charges and deferred income | 492/3 | - | €7,686 | +€7,686 | |
| Remuneration, social security and pensions | 62 | €366,908 | €457,509 | +€90,601 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,642 | €30,112 | +€12,471 | +70.7% |
| Other operating charges | 640/8 | €31,807 | €3,465 | -€28,341 | -89.1% |
| Gross operating margin | 9900 | €486,332 | €519,729 | +€33,397 | +6.9% |
| Operating profit (loss) | 9901 | €69,976 | €28,643 | -€41,333 | -59.1% |
| Financial income | 75/76B | €2,417 | €1,522 | -€895 | -37.0% |
| Recurring financial income | 75 | €2,417 | €1,522 | -€895 | -37.0% |
| Financial charges | 65/66B | €4,963 | €9,487 | +€4,524 | +91.1% |
| Recurring financial charges | 65 | €4,963 | €9,487 | +€4,524 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | €67,430 | €20,677 | -€46,752 | -69.3% |
| Income taxes | 67/77 | €16,264 | €7,002 | -€9,263 | -57.0% |
| Profit (loss) for the period | 9904 | €51,166 | €13,676 | -€37,490 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,166 | €13,676 | -€37,490 | -73.3% |
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 21 October 2026 via checked.be.