PLAN M: 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 M
Largest movements
- Tangible fixed assets -€17,782
down €17,782 (-58.4%), from €30,455 to €12,673
of which Furniture and vehicles: -€11,167
- Cash +€10,369
up €10,369 (+159.4%), from €6,503 to €16,872
mainly Depreciation (+€18,938) and Net result for the year (+€7,585)
- Receivables within one year -€4,852
down €4,852 (-41.1%), from €11,803 to €6,952
of which Other amounts receivable: -€11,352
- Reserves -€18,713
down €18,713 (-55.2%), from €33,900 to €15,188
- Trade debts +€3,349
up €3,349 (+198.7%), from €1,686 to €5,034
- Other debts +€3,081
new in 2025: €3,081
- Tax, wage and social debts +€489
up €489 (+7.0%), from €6,976 to €7,465
- Gross operating margin +€14,586
up €14,586 (+82.0%), from €17,790 to €32,375
- Depreciation +€10,449
up €10,449 (+123.1%), from €8,489 to €18,938
- Taxes +€2,757
up €2,757 (+329.6%), from €837 to €3,593
- Other operating charges +€710
up €710 (+51.8%), from €1,372 to €2,082
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 | €48,762 | €36,967 | -€11,795 | -24.2% |
| Fixed assets | 21/28 | €30,455 | €12,673 | -€17,782 | -58.4% |
| Tangible fixed assets | 22/27 | €30,455 | €12,673 | -€17,782 | -58.4% |
| Plant, machinery and equipment | 23 | €892 | €198 | -€694 | -77.8% |
| Furniture and vehicles | 24 | €13,961 | €2,794 | -€11,167 | -80.0% |
| Other tangible fixed assets | 26 | €15,602 | €9,681 | -€5,921 | -37.9% |
| Current assets | 29/58 | €18,307 | €24,294 | +€5,987 | +32.7% |
| Amounts receivable within one year | 40/41 | €11,803 | €6,952 | -€4,852 | -41.1% |
| Trade receivables | 40 | €76 | €6,576 | +€6,501 | +8595.2% |
| Other amounts receivable | 41 | €11,728 | €376 | -€11,352 | -96.8% |
| Cash at bank and in hand | 54/58 | €6,503 | €16,872 | +€10,369 | +159.4% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €48,762 | €36,967 | -€11,795 | -24.2% |
| Equity | 10/15 | €40,100 | €21,388 | -€18,713 | -46.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,900 | €15,188 | -€18,713 | -55.2% |
| Distributable reserves | 133 | €33,900 | €15,188 | -€18,713 | -55.2% |
| Amounts payable | 17/49 | €8,661 | €15,579 | +€6,918 | +79.9% |
| Amounts payable within one year | 42/48 | €8,661 | €15,579 | +€6,918 | +79.9% |
| Trade debts | 44 | €1,686 | €5,034 | +€3,349 | +198.7% |
| Suppliers | 440/4 | €1,686 | €5,034 | +€3,349 | +198.7% |
| Taxes, remuneration and social security | 45 | €6,976 | €7,465 | +€489 | +7.0% |
| Taxes | 450/3 | €6,976 | €7,465 | +€489 | +7.0% |
| Other amounts payable | 47/48 | - | €3,081 | +€3,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,489 | €18,938 | +€10,449 | +123.1% |
| Other operating charges | 640/8 | €1,372 | €2,082 | +€710 | +51.8% |
| Gross operating margin | 9900 | €17,790 | €32,375 | +€14,586 | +82.0% |
| Operating profit (loss) | 9901 | €7,929 | €11,355 | +€3,426 | +43.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €441 | €176 | -€265 | -60.0% |
| Recurring financial charges | 65 | €441 | €176 | -€265 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €7,491 | €11,179 | +€3,688 | +49.2% |
| Income taxes | 67/77 | €837 | €3,593 | +€2,757 | +329.6% |
| Profit (loss) for the period | 9904 | €6,655 | €7,585 | +€931 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,655 | €7,585 | +€931 | +14.0% |
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 12 October 2026 via checked.be.