Plan V: 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 V
Largest movements
- Tangible fixed assets +€5,102
up €5,102 (+199.0%), from €2,564 to €7,666
- Reserves +€7,709
up €7,709 (+2.6%), from €291,360 to €299,069
- Trade debts -€6,036
down €6,036 (-92.8%), from €6,503 to €467
- Gross operating margin +€8,901
up €8,901 (+151.2%), from €5,888 to €14,789
- Taxes +€2,344
up €2,344 (+125.0%), from €1,876 to €4,220
- Other operating charges +€798
up €798 (+89.4%), from €893 to €1,691
- Depreciation +€488
up €488 (+62.3%), from €783 to €1,272
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 | €498,263 | €500,534 | +€2,271 | +0.5% |
| Fixed assets | 21/28 | €7,524 | €12,626 | +€5,102 | +67.8% |
| Tangible fixed assets | 22/27 | €2,564 | €7,666 | +€5,102 | +199.0% |
| Plant, machinery and equipment | 23 | €2,564 | €7,666 | +€5,102 | +199.0% |
| Financial fixed assets | 28 | €4,960 | €4,960 | = | 0.0% |
| Current assets | 29/58 | €490,739 | €487,908 | -€2,831 | -0.6% |
| Stocks and contracts in progress | 3 | €385,966 | €385,966 | = | 0.0% |
| Stocks | 30/36 | €385,966 | €385,966 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,862 | €11,550 | -€2,313 | -16.7% |
| Trade receivables | 40 | €9,526 | €4,614 | -€4,912 | -51.6% |
| Other amounts receivable | 41 | €4,336 | €6,936 | +€2,600 | +60.0% |
| Current investments | 50/53 | €39,469 | €39,635 | +€166 | +0.4% |
| Cash at bank and in hand | 54/58 | €17,024 | €16,473 | -€551 | -3.2% |
| Deferred charges and accrued income | 490/1 | €34,418 | €34,285 | -€133 | -0.4% |
| Total equity and liabilities | 10/49 | €498,263 | €500,534 | +€2,271 | +0.5% |
| Equity | 10/15 | €350,440 | €358,149 | +€7,709 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,360 | €299,069 | +€7,709 | +2.6% |
| Distributable reserves | 133 | €291,360 | €299,069 | +€7,709 | +2.6% |
| Profit (loss) carried forward | 14 | €52,880 | €52,880 | = | 0.0% |
| Amounts payable | 17/49 | €147,823 | €142,385 | -€5,438 | -3.7% |
| Amounts payable within one year | 42/48 | €147,361 | €141,923 | -€5,438 | -3.7% |
| Trade debts | 44 | €6,503 | €467 | -€6,036 | -92.8% |
| Suppliers | 440/4 | €6,503 | €467 | -€6,036 | -92.8% |
| Taxes, remuneration and social security | 45 | €5,368 | €5,966 | +€598 | +11.1% |
| Taxes | 450/3 | €5,368 | €5,966 | +€598 | +11.1% |
| Other amounts payable | 47/48 | €135,490 | €135,490 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €462 | €462 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,272 | +€488 | +62.3% |
| Other operating charges | 640/8 | €893 | €1,691 | +€798 | +89.4% |
| Gross operating margin | 9900 | €5,888 | €14,789 | +€8,901 | +151.2% |
| Operating profit (loss) | 9901 | €4,212 | €11,826 | +€7,614 | +180.8% |
| Financial income | 75/76B | €263 | €237 | -€27 | -10.2% |
| Recurring financial income | 75 | €263 | €237 | -€27 | -10.2% |
| Financial charges | 65/66B | €108 | €134 | +€26 | +24.0% |
| Recurring financial charges | 65 | €108 | €134 | +€26 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €4,367 | €11,929 | +€7,562 | +173.1% |
| Income taxes | 67/77 | €1,876 | €4,220 | +€2,344 | +125.0% |
| Profit (loss) for the period | 9904 | €2,491 | €7,709 | +€5,218 | +209.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,491 | €7,709 | +€5,218 | +209.4% |
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.