PLANETE PRIX: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Cash -€15,025
down €15,025 (-45.6%), from €32,933 to €17,908
- Tangible fixed assets +€8,722
up €8,722 (+37.9%), from €23,041 to €31,763
of which Furniture and vehicles: +€11,298
- Stocks and contracts +€2,142
up €2,142 (+3.4%), from €63,756 to €65,898
- Receivables within one year -€1,461
down €1,461 (-69.9%), from €2,089 to €628
of which Trade receivables: -€1,404
- Trade debts -€13,578
down €13,578 (-43.1%), from €31,505 to €17,927
- Debts after one year +€8,147
new in 2025: €8,147
- Current portion of long-term debt +€2,244
new in 2025: €2,244
- Financial income +€10,804
up €10,804 (+30,869%), from €35 to €10,839
of which Non-recurring financial income: +€10,543
- Depreciation +€2,891
up €2,891 (+109%), from €2,651 to €5,542
- Financial charges +€1,676
up €1,676 (+65.5%), from €2,557 to €4,233
- Gross operating margin -€1,435
down €1,435 (-35.5%), from €4,041 to €2,606
- Taxes +€1,137
up €1,137 (+227%), from €501 to €1,638
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,723 | €117,687 | -€5,036 | -4.1% |
| Fixed assets | 21/28 | €23,041 | €31,763 | +€8,722 | +37.9% |
| Tangible fixed assets | 22/27 | €23,041 | €31,763 | +€8,722 | +37.9% |
| Plant, machinery and equipment | 23 | €448 | €345 | -€103 | -23.0% |
| Furniture and vehicles | 24 | €2,264 | €13,562 | +€11,298 | +499% |
| Other tangible fixed assets | 26 | €20,329 | €17,856 | -€2,473 | -12.2% |
| Current assets | 29/58 | €99,682 | €85,924 | -€13,758 | -13.8% |
| Stocks and contracts in progress | 3 | €63,756 | €65,898 | +€2,142 | +3.4% |
| Stocks | 30/36 | €63,756 | €65,898 | +€2,142 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,089 | €628 | -€1,461 | -69.9% |
| Trade receivables | 40 | €2,032 | €628 | -€1,404 | -69.1% |
| Other amounts receivable | 41 | €57 | - | -€57 | |
| Cash at bank and in hand | 54/58 | €32,933 | €17,908 | -€15,025 | -45.6% |
| Deferred charges and accrued income | 490/1 | €904 | €1,490 | +€586 | +64.8% |
| Total equity and liabilities | 10/49 | €122,723 | €117,687 | -€5,036 | -4.1% |
| Equity | 10/15 | €37,654 | €37,654 | = | 0.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,346 | -€2,346 | = | 0.0% |
| Amounts payable | 17/49 | €85,069 | €80,033 | -€5,036 | -5.9% |
| Amounts payable after more than one year | 17 | - | €8,147 | +€8,147 | |
| Financial debts | 170/4 | - | €8,147 | +€8,147 | |
| Amounts payable within one year | 42/48 | €85,060 | €71,880 | -€13,180 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,244 | +€2,244 | |
| Trade debts | 44 | €31,505 | €17,927 | -€13,578 | -43.1% |
| Suppliers | 440/4 | €31,505 | €17,927 | -€13,578 | -43.1% |
| Taxes, remuneration and social security | 45 | €14,579 | €13,437 | -€1,142 | -7.8% |
| Taxes | 450/3 | €13,579 | €13,124 | -€455 | -3.4% |
| Remuneration and social security | 454/9 | €1,000 | €313 | -€687 | -68.7% |
| Other amounts payable | 47/48 | €38,976 | €38,272 | -€704 | -1.8% |
| Accrued charges and deferred income | 492/3 | €9 | €6 | -€3 | -33.3% |
| Remuneration, social security and pensions | 62 | - | €1,131 | +€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,651 | €5,542 | +€2,891 | +109% |
| Other operating charges | 640/8 | €713 | €244 | -€469 | -65.8% |
| Non-recurring operating charges | 66A | - | €657 | +€657 | |
| Gross operating margin | 9900 | €4,041 | €2,606 | -€1,435 | -35.5% |
| Operating profit (loss) | 9901 | €677 | -€4,968 | -€5,645 | |
| Financial income | 75/76B | €35 | €10,839 | +€10,804 | +30,869% |
| Recurring financial income | 75 | €35 | €296 | +€261 | +746% |
| Non-recurring financial income | 76B | - | €10,543 | +€10,543 | |
| Financial charges | 65/66B | €2,557 | €4,233 | +€1,676 | +65.5% |
| Recurring financial charges | 65 | €2,557 | €4,233 | +€1,676 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,845 | €1,638 | +€3,483 | |
| Income taxes | 67/77 | €501 | €1,638 | +€1,137 | +227% |
| Profit (loss) for the period | 9904 | -€2,346 | - | +€2,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,346 | - | +€2,346 |
Value
latest balance sheet 31-12-2025 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €37,654 · adjusted equity only
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- €37,654
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- €37,654
Capitalised earnings
- 2025
- -
- excluding non-recurring income and charges
- -
- 2024
- -€2,346
- Average result, excluding non-recurring income and charges
- -€2,346
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- not meaningful, as the average result is zero or negative
Your EBITDA multiple
- EBITDA 2025
- €574
- Net financial debt
- -€7,517
- Your multiple
- -
- Value with your multiple
- -
Net financial debt is the sum of financial debts after one year, the part due within the year and short-term financial debts, less cash and current investments.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 8 November 2026 via checked.be.