planC: 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.
planC
Largest movements
- Tangible fixed assets -€444,504
down €444,504 (-17.2%), from €2.6m to €2.1m
of which Land and buildings: -€375,596
- Receivables within one year +€169,962
up €169,962 (+10.0%), from €1.7m to €1.9m
of which Other amounts receivable: +€145,020
- Cash +€144,665
up €144,665 (+27.8%), from €520,997 to €665,662
mainly Investment in fixed assets (net) (+€318,612) and Depreciation (+€126,351)
- Tax, wage and social debts -€113,759
down €113,759 (-59.0%), from €192,730 to €78,972
of which Taxes: -€114,724
- Gross operating margin -€278,382
down €278,382, from €223,325 to -€55,057
- Depreciation -€37,170
down €37,170 (-22.7%), from €163,521 to €126,351
- Financial charges +€22,608
up €22,608 (+115%), from €19,654 to €42,261
of which Financial charges: +€19,842
- Taxes -€21,203
down €21,203 (-97.7%), from €21,705 to €502
- Financial income +€5,623
up €5,623 (+2.7%), from €206,765 to €212,389
of which Non-recurring financial income: +€4,041
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 | €8,032,465 | €7,876,557 | -€155,908 | -1.9% |
| Fixed assets | 21/28 | €2,904,399 | €2,459,436 | -€444,963 | -15.3% |
| Tangible fixed assets | 22/27 | €2,582,511 | €2,138,007 | -€444,504 | -17.2% |
| Land and buildings | 22 | €2,447,633 | €2,072,036 | -€375,596 | -15.3% |
| Plant, machinery and equipment | 23 | €94,344 | €35,951 | -€58,394 | -61.9% |
| Furniture and vehicles | 24 | €40,534 | €30,021 | -€10,513 | -25.9% |
| Financial fixed assets | 28 | €321,888 | €321,429 | -€459 | -0.1% |
| Current assets | 29/58 | €5,128,066 | €5,417,121 | +€289,055 | +5.6% |
| Amounts receivable after more than one year | 29 | €1,426,245 | €1,445,023 | +€18,778 | +1.3% |
| Other amounts receivable | 291 | €1,426,245 | €1,445,023 | +€18,778 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,695,335 | €1,865,297 | +€169,962 | +10.0% |
| Trade receivables | 40 | €7,657 | €32,599 | +€24,942 | +326% |
| Other amounts receivable | 41 | €1,687,678 | €1,832,698 | +€145,020 | +8.6% |
| Current investments | 50/53 | €1,481,157 | €1,437,568 | -€43,589 | -2.9% |
| Cash at bank and in hand | 54/58 | €520,997 | €665,662 | +€144,665 | +27.8% |
| Deferred charges and accrued income | 490/1 | €4,332 | €3,571 | -€762 | -17.6% |
| Total equity and liabilities | 10/49 | €8,032,465 | €7,876,557 | -€155,908 | -1.9% |
| Equity | 10/15 | €7,821,769 | €7,779,118 | -€42,651 | -0.5% |
| Contributions | 10/11 | €623,600 | €623,600 | = | 0.0% |
| Reserves | 13 | €7,198,169 | €7,155,518 | -€42,651 | -0.6% |
| Distributable reserves | 133 | €7,198,169 | €7,155,518 | -€42,651 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €210,696 | €97,439 | -€113,257 | -53.8% |
| Amounts payable within one year | 42/48 | €208,696 | €97,439 | -€111,257 | -53.3% |
| Trade debts | 44 | €11,296 | €13,798 | +€2,502 | +22.1% |
| Suppliers | 440/4 | €11,296 | €13,798 | +€2,502 | +22.1% |
| Taxes, remuneration and social security | 45 | €192,730 | €78,972 | -€113,759 | -59.0% |
| Taxes | 450/3 | €188,668 | €73,944 | -€114,724 | -60.8% |
| Remuneration and social security | 454/9 | €4,062 | €5,028 | +€966 | +23.8% |
| Other amounts payable | 47/48 | €4,669 | €4,669 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Non-recurring operating income | 76A | €245,889 | €0 | -€245,889 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,521 | €126,351 | -€37,170 | -22.7% |
| Other operating charges | 640/8 | €11,434 | €11,085 | -€348 | -3.0% |
| Non-recurring operating charges | 66A | - | €19,784 | +€19,784 | |
| Gross operating margin | 9900 | €223,325 | -€55,057 | -€278,382 | |
| Operating profit (loss) | 9901 | €48,370 | -€212,277 | -€260,647 | |
| Financial income | 75/76B | €206,765 | €212,389 | +€5,623 | +2.7% |
| Recurring financial income | 75 | €206,765 | €208,348 | +€1,582 | +0.8% |
| Non-recurring financial income | 76B | - | €4,041 | +€4,041 | |
| Financial charges | 65/66B | €19,654 | €42,261 | +€22,608 | +115% |
| Recurring financial charges | 65 | €17,919 | €37,761 | +€19,842 | +111% |
| Non-recurring financial charges | 66B | €1,734 | €4,500 | +€2,766 | +159% |
| Profit (loss) for the period before taxes | 9903 | €235,482 | -€42,150 | -€277,632 | |
| Income taxes | 67/77 | €21,705 | €502 | -€21,203 | -97.7% |
| Profit (loss) for the period | 9904 | €213,777 | -€42,651 | -€256,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,777 | -€42,651 | -€256,429 |
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 19 October 2026 via checked.be.