PLAN 21: 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 21
Largest movements
- Cash +€47,199
up €47,199 (+121%), from €39,154 to €86,353
mainly Debts after one year (+€96,061) and Other debts (+€85,408)
- Receivables within one year +€34,454
up €34,454 (+2.2%), from €1.6m to €1.6m
of which Trade receivables: +€49,197
- Tangible fixed assets -€27,670
down €27,670 (-45.4%), from €60,907 to €33,237
of which Furniture and vehicles: -€21,448
- Trade debts -€198,365
down €198,365 (-24.8%), from €801,351 to €602,987
- Debts after one year +€96,061
new in 2025: €96,061
- Other debts +€85,408
up €85,408 (+33.3%), from €256,365 to €341,774
- Profit (loss) carried forward +€45,132
up €45,132 (+12.4%), from €364,916 to €410,048
- Tax, wage and social debts +€43,428
up €43,428 (+68.5%), from €63,441 to €106,869
of which Taxes: +€37,231
- Gross operating margin -€86,925
down €86,925 (-27.5%), from €315,878 to €228,953
- Taxes -€29,356
down €29,356 (-52.8%), from €55,582 to €26,226
- Depreciation -€18,727
down €18,727 (-40.4%), from €46,350 to €27,623
- Financial charges +€10,951
up €10,951 (+69.7%), from €15,707 to €26,659
- Staff costs +€6,990
up €6,990 (+7.4%), from €94,927 to €101,918
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 | €1,665,692 | €1,718,711 | +€53,019 | +3.2% |
| Fixed assets | 21/28 | €62,677 | €35,007 | -€27,670 | -44.1% |
| Tangible fixed assets | 22/27 | €60,907 | €33,237 | -€27,670 | -45.4% |
| Land and buildings | 22 | €21,076 | €18,222 | -€2,855 | -13.5% |
| Plant, machinery and equipment | 23 | €5,174 | €1,807 | -€3,367 | -65.1% |
| Furniture and vehicles | 24 | €21,448 | - | -€21,448 | |
| Other tangible fixed assets | 26 | €13,209 | €13,209 | = | 0.0% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €1,603,015 | €1,683,704 | +€80,689 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,560,850 | €1,595,304 | +€34,454 | +2.2% |
| Trade receivables | 40 | €1,527,299 | €1,576,497 | +€49,197 | +3.2% |
| Other amounts receivable | 41 | €33,551 | €18,807 | -€14,743 | -43.9% |
| Cash at bank and in hand | 54/58 | €39,154 | €86,353 | +€47,199 | +121% |
| Deferred charges and accrued income | 490/1 | €3,012 | €2,047 | -€965 | -32.0% |
| Total equity and liabilities | 10/49 | €1,665,692 | €1,718,711 | +€53,019 | +3.2% |
| Equity | 10/15 | €376,476 | €421,608 | +€45,132 | +12.0% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €364,916 | €410,048 | +€45,132 | +12.4% |
| Amounts payable | 17/49 | €1,289,216 | €1,297,102 | +€7,886 | +0.6% |
| Amounts payable after more than one year | 17 | - | €96,061 | +€96,061 | |
| Financial debts | 170/4 | - | €96,061 | +€96,061 | |
| Amounts payable within one year | 42/48 | €1,274,216 | €1,201,041 | -€73,175 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €33,111 | €29,465 | -€3,646 | -11.0% |
| Financial debts | 43 | €119,947 | €119,947 | = | 0.0% |
| Credit institutions | 430/8 | €119,947 | €119,947 | = | 0.0% |
| Trade debts | 44 | €801,351 | €602,987 | -€198,365 | -24.8% |
| Suppliers | 440/4 | €801,351 | €602,987 | -€198,365 | -24.8% |
| Taxes, remuneration and social security | 45 | €63,441 | €106,869 | +€43,428 | +68.5% |
| Taxes | 450/3 | €43,516 | €80,747 | +€37,231 | +85.6% |
| Remuneration and social security | 454/9 | €19,925 | €26,122 | +€6,197 | +31.1% |
| Other amounts payable | 47/48 | €256,365 | €341,774 | +€85,408 | +33.3% |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €94,927 | €101,918 | +€6,990 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,350 | €27,623 | -€18,727 | -40.4% |
| Other operating charges | 640/8 | €6,164 | €1,974 | -€4,191 | -68.0% |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €315,878 | €228,953 | -€86,925 | -27.5% |
| Operating profit (loss) | 9901 | €168,436 | €97,420 | -€71,016 | -42.2% |
| Financial income | 75/76B | €1,956 | €596 | -€1,360 | -69.5% |
| Recurring financial income | 75 | €1,956 | €596 | -€1,360 | -69.5% |
| Financial charges | 65/66B | €15,707 | €26,659 | +€10,951 | +69.7% |
| Recurring financial charges | 65 | €15,707 | €26,659 | +€10,951 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €154,685 | €71,358 | -€83,328 | -53.9% |
| Income taxes | 67/77 | €55,582 | €26,226 | -€29,356 | -52.8% |
| Profit (loss) for the period | 9904 | €99,104 | €45,132 | -€53,972 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,104 | €45,132 | -€53,972 | -54.5% |
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 15 October 2026 via checked.be.