PLAN 83: 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 83
Largest movements
- Cash -€980,298
down €980,298 (-68.6%), from €1.4m to €448,296
mainly Current investments (-€800,000) and Investment in fixed assets (net) (-€235,786)
- Current investments +€800,000
up €800,000 (+3,158%), from €25,336 to €825,336
- Receivables within one year -€205,471
down €205,471 (-60.4%), from €340,326 to €134,855
of which Other amounts receivable: -€200,471
- Tangible fixed assets +€186,444
up €186,444 (+6.0%), from €3.1m to €3.3m
of which Assets under construction and advance payments: +€234,930
- Trade debts -€79,226
down €79,226 (-97.8%), from €81,006 to €1,780
- Other debts -€61,829
down €61,829 (-3.0%), from €2.0m to €2.0m
- Gross operating margin -€1.1m
down €1.1m (-95.8%), from €1.1m to €48,786
- Taxes -€332,743
no longer reported in 2025 (was €332,743)
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 | €4,886,173 | €4,688,731 | -€197,442 | -4.0% |
| Fixed assets | 21/28 | €3,091,785 | €3,278,229 | +€186,444 | +6.0% |
| Tangible fixed assets | 22/27 | €3,091,785 | €3,278,229 | +€186,444 | +6.0% |
| Land and buildings | 22 | €2,203,725 | €2,160,149 | -€43,577 | -2.0% |
| Plant, machinery and equipment | 23 | €2,608 | €1,598 | -€1,010 | -38.7% |
| Furniture and vehicles | 24 | €2,794 | €1,896 | -€898 | -32.1% |
| Other tangible fixed assets | 26 | €48,916 | €45,914 | -€3,002 | -6.1% |
| Assets under construction and advance payments | 27 | €833,742 | €1,068,672 | +€234,930 | +28.2% |
| Current assets | 29/58 | €1,794,388 | €1,410,502 | -€383,886 | -21.4% |
| Amounts receivable within one year | 40/41 | €340,326 | €134,855 | -€205,471 | -60.4% |
| Trade receivables | 40 | €21,900 | €16,900 | -€5,000 | -22.8% |
| Other amounts receivable | 41 | €318,426 | €117,955 | -€200,471 | -63.0% |
| Current investments | 50/53 | €25,336 | €825,336 | +€800,000 | +3,158% |
| Cash at bank and in hand | 54/58 | €1,428,594 | €448,296 | -€980,298 | -68.6% |
| Deferred charges and accrued income | 490/1 | €132 | €2,015 | +€1,883 | +1,426% |
| Total equity and liabilities | 10/49 | €4,886,173 | €4,688,731 | -€197,442 | -4.0% |
| Equity | 10/15 | €2,531,895 | €2,481,304 | -€50,592 | -2.0% |
| Contributions | 10/11 | €129,000 | €129,000 | = | 0.0% |
| Capital | 10 | €129,000 | €129,000 | = | 0.0% |
| Issued capital | 100 | €129,000 | €129,000 | = | 0.0% |
| Reserves | 13 | €1,317,564 | €1,300,176 | -€17,388 | -1.3% |
| Non-distributable reserves | 130/1 | €19,900 | €19,900 | = | 0.0% |
| Legal reserve | 130 | €19,900 | €19,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €715,791 | €698,403 | -€17,388 | -2.4% |
| Distributable reserves | 133 | €581,873 | €581,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,085,331 | €1,052,128 | -€33,204 | -3.1% |
| Provisions and deferred taxes | 16 | €233,622 | €227,826 | -€5,796 | -2.5% |
| Deferred taxes | 168 | €233,622 | €227,826 | -€5,796 | -2.5% |
| Amounts payable | 17/49 | €2,120,656 | €1,979,601 | -€141,054 | -6.7% |
| Amounts payable within one year | 42/48 | €2,120,656 | €1,979,601 | -€141,054 | -6.7% |
| Trade debts | 44 | €81,006 | €1,780 | -€79,226 | -97.8% |
| Suppliers | 440/4 | €81,006 | €1,780 | -€79,226 | -97.8% |
| Other amounts payable | 47/48 | €2,039,650 | €1,977,821 | -€61,829 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,648 | €49,342 | +€1,694 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other operating charges | 640/8 | €16,196 | €15,809 | -€387 | -2.4% |
| Gross operating margin | 9900 | €1,149,547 | €48,786 | -€1.1m | -95.8% |
| Operating profit (loss) | 9901 | €1,075,703 | -€21,365 | -€1.1m | |
| Financial income | 75/76B | €3,553 | €5,020 | +€1,467 | +41.3% |
| Recurring financial income | 75 | €3,553 | €5,020 | +€1,467 | +41.3% |
| Financial charges | 65/66B | €48,526 | €40,043 | -€8,483 | -17.5% |
| Recurring financial charges | 65 | €48,526 | €40,043 | -€8,483 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €1,030,730 | -€56,388 | -€1.1m | |
| Transfer from deferred taxes | 780 | €109,200 | €5,796 | -€103,404 | -94.7% |
| Income taxes | 67/77 | €332,743 | - | -€332,743 | |
| Profit (loss) for the period | 9904 | €807,188 | -€50,592 | -€857,779 | |
| Transfer from tax-exempt reserves | 789 | €327,603 | €17,388 | -€310,215 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,134,790 | -€33,204 | -€1.2m |
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 13 October 2026 via checked.be.