Plan L: what changed
Two fiscal 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 L
Largest movements
- Cash +€39,257
up €39,257 (+98.4%), from €39,879 to €79,136
mainly Net result for the year (+€65,965) and Tax, wage and social debts (+€7,732)
- Current investments +€22,000
up €22,000 (+31.4%), from €70,000 to €92,000
- Receivables within one year +€4,185
up €4,185 (+59.9%), from €6,989 to €11,174
of which Trade receivables: +€4,185
- Reserves +€65,965
up €65,965 (+73.0%), from €90,353 to €156,318
- Other debts -€12,900
down €12,900 (-99.5%), from €12,965 to €65
- Tax, wage and social debts +€7,732
up €7,732 (+39.7%), from €19,497 to €27,229
- Trade debts +€5,806
up €5,806 (+515.4%), from €1,126 to €6,932
- Gross operating margin +€23,027
up €23,027 (+37.0%), from €62,171 to €85,197
- Taxes +€5,569
up €5,569 (+43.5%), from €12,801 to €18,370
- Depreciation +€1,429
up €1,429 (+237.8%), from €601 to €2,030
- Financial income +€1,383
up €1,383 (+445.7%), from €310 to €1,693
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.
Cash bridge derived
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 | €124,042 | €190,644 | +€66,603 | +53.7% |
| Fixed assets | 21/28 | €4,309 | €4,648 | +€339 | +7.9% |
| Tangible fixed assets | 22/27 | €3,559 | €3,898 | +€339 | +9.5% |
| Plant, machinery and equipment | 23 | €2,054 | €1,291 | -€763 | -37.1% |
| Furniture and vehicles | 24 | €1,505 | €2,607 | +€1,102 | +73.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €119,733 | €185,996 | +€66,263 | +55.3% |
| Amounts receivable within one year | 40/41 | €6,989 | €11,174 | +€4,185 | +59.9% |
| Trade receivables | 40 | €6,989 | €11,174 | +€4,185 | +59.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €70,000 | €92,000 | +€22,000 | +31.4% |
| Cash at bank and in hand | 54/58 | €39,879 | €79,136 | +€39,257 | +98.4% |
| Deferred charges and accrued income | 490/1 | €2,865 | €3,686 | +€821 | +28.6% |
| Total equity and liabilities | 10/49 | €124,042 | €190,644 | +€66,603 | +53.7% |
| Equity | 10/15 | €90,453 | €156,418 | +€65,965 | +72.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €90,353 | €156,318 | +€65,965 | +73.0% |
| Distributable reserves | 133 | €90,353 | €156,318 | +€65,965 | +73.0% |
| Amounts payable | 17/49 | €33,589 | €34,226 | +€638 | +1.9% |
| Amounts payable within one year | 42/48 | €33,589 | €34,226 | +€638 | +1.9% |
| Trade debts | 44 | €1,126 | €6,932 | +€5,806 | +515.4% |
| Suppliers | 440/4 | €1,126 | €6,932 | +€5,806 | +515.4% |
| Taxes, remuneration and social security | 45 | €19,497 | €27,229 | +€7,732 | +39.7% |
| Taxes | 450/3 | €19,497 | €27,229 | +€7,732 | +39.7% |
| Other amounts payable | 47/48 | €12,965 | €65 | -€12,900 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €2,030 | +€1,429 | +237.8% |
| Gross operating margin | 9900 | €62,171 | €85,197 | +€23,027 | +37.0% |
| Operating profit (loss) | 9901 | €61,570 | €83,167 | +€21,598 | +35.1% |
| Financial income | 75/76B | €310 | €1,693 | +€1,383 | +445.7% |
| Recurring financial income | 75 | €310 | €1,693 | +€1,383 | +445.7% |
| Financial charges | 65/66B | €551 | €525 | -€25 | -4.6% |
| Recurring financial charges | 65 | €551 | €525 | -€25 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €61,329 | €84,335 | +€23,005 | +37.5% |
| Income taxes | 67/77 | €12,801 | €18,370 | +€5,569 | +43.5% |
| Profit (loss) for the period | 9904 | €48,529 | €65,965 | +€17,436 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,529 | €65,965 | +€17,436 | +35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.