PLANT - ACTIEF: 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.
PLANT - ACTIEF
Largest movements
- Tangible fixed assets +€240,151
up €240,151 (+47.1%), from €510,020 to €750,171
of which Plant, machinery and equipment: +€328,931
- Receivables within one year +€106,590
up €106,590 (+187%), from €57,044 to €163,633
of which Trade receivables: +€116,578
- Cash -€17,473
down €17,473 (-100%), from €17,473 to €0
mainly Investment in fixed assets (net) (-€413,130) and Receivables within one year (-€106,590)
- Deferred charges and accrued income -€9,740
down €9,740 (-56.9%), from €17,104 to €7,364
- Debts after one year +€144,175
up €144,175 (+106%), from €136,077 to €280,252
- Trade debts +€111,036
up €111,036 (+762%), from €14,571 to €125,607
- Accrued charges and deferred income +€35,711
up €35,711 (+283%), from €12,641 to €48,352
- Reserves +€34,931
up €34,931 (+13.2%), from €264,454 to €299,385
of which Distributable reserves: +€39,431
- Other debts -€18,644
down €18,644 (-28.0%), from €66,490 to €47,846
- Gross operating margin +€42,437
up €42,437 (+19.2%), from €220,918 to €263,355
- Depreciation +€23,789
up €23,789 (+16.0%), from €148,241 to €172,029
- Staff costs +€9,351
up €9,351 (+38.1%), from €24,548 to €33,899
- Taxes -€5,429
down €5,429 (-45.0%), from €12,068 to €6,639
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 | €612,688 | €932,925 | +€320,237 | +52.3% |
| Fixed assets | 21/28 | €510,320 | €751,421 | +€241,101 | +47.2% |
| Tangible fixed assets | 22/27 | €510,020 | €750,171 | +€240,151 | +47.1% |
| Land and buildings | 22 | €18,000 | €18,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €209,491 | €538,421 | +€328,931 | +157% |
| Furniture and vehicles | 24 | €9,975 | €12,771 | +€2,797 | +28.0% |
| Leasing and similar rights | 25 | €272,554 | €180,978 | -€91,577 | -33.6% |
| Financial fixed assets | 28 | €300 | €1,250 | +€950 | +317% |
| Current assets | 29/58 | €102,368 | €181,505 | +€79,137 | +77.3% |
| Stocks and contracts in progress | 3 | €10,500 | €10,260 | -€240 | -2.3% |
| Contracts in progress | 37 | €10,500 | €10,260 | -€240 | -2.3% |
| Amounts receivable within one year | 40/41 | €57,044 | €163,633 | +€106,590 | +187% |
| Trade receivables | 40 | €42,113 | €158,691 | +€116,578 | +277% |
| Other amounts receivable | 41 | €14,931 | €4,942 | -€9,989 | -66.9% |
| Current investments | 50/53 | €248 | €248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,473 | €0 | -€17,473 | -100% |
| Deferred charges and accrued income | 490/1 | €17,104 | €7,364 | -€9,740 | -56.9% |
| Total equity and liabilities | 10/49 | €612,688 | €932,925 | +€320,237 | +52.3% |
| Equity | 10/15 | €272,707 | €307,638 | +€34,931 | +12.8% |
| Contributions | 10/11 | €8,253 | €8,253 | = | 0.0% |
| Reserves | 13 | €264,454 | €299,385 | +€34,931 | +13.2% |
| Tax-exempt reserves | 132 | €5,692 | €1,192 | -€4,500 | -79.1% |
| Distributable reserves | 133 | €258,763 | €298,193 | +€39,431 | +15.2% |
| Provisions and deferred taxes | 16 | €1,897 | €397 | -€1,500 | -79.1% |
| Deferred taxes | 168 | €1,897 | €397 | -€1,500 | -79.1% |
| Amounts payable | 17/49 | €338,084 | €624,891 | +€286,806 | +84.8% |
| Amounts payable after more than one year | 17 | €136,077 | €280,252 | +€144,175 | +106% |
| Financial debts | 170/4 | €136,077 | €280,252 | +€144,175 | +106% |
| Amounts payable within one year | 42/48 | €189,366 | €296,287 | +€106,920 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €93,331 | €98,026 | +€4,695 | +5.0% |
| Financial debts | 43 | €0 | €12,765 | +€12,765 | |
| Credit institutions | 430/8 | €0 | €12,765 | +€12,765 | |
| Trade debts | 44 | €14,571 | €125,607 | +€111,036 | +762% |
| Suppliers | 440/4 | €14,571 | €125,607 | +€111,036 | +762% |
| Taxes, remuneration and social security | 45 | €14,974 | €12,043 | -€2,931 | -19.6% |
| Taxes | 450/3 | €12,344 | €8,334 | -€4,011 | -32.5% |
| Remuneration and social security | 454/9 | €2,630 | €3,709 | +€1,080 | +41.1% |
| Other amounts payable | 47/48 | €66,490 | €47,846 | -€18,644 | -28.0% |
| Accrued charges and deferred income | 492/3 | €12,641 | €48,352 | +€35,711 | +283% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24,548 | €33,899 | +€9,351 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,241 | €172,029 | +€23,789 | +16.0% |
| Other operating charges | 640/8 | €2,397 | €885 | -€1,513 | -63.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €220,918 | €263,355 | +€42,437 | +19.2% |
| Operating profit (loss) | 9901 | €45,732 | €56,542 | +€10,810 | +23.6% |
| Financial income | 75/76B | €737 | €9 | -€729 | -98.8% |
| Recurring financial income | 75 | €737 | €9 | -€729 | -98.8% |
| Financial charges | 65/66B | €17,425 | €16,481 | -€944 | -5.4% |
| Recurring financial charges | 65 | €17,425 | €16,481 | -€944 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €29,044 | €40,070 | +€11,026 | +38.0% |
| Transfer from deferred taxes | 780 | €1,500 | €1,500 | = | 0.0% |
| Income taxes | 67/77 | €12,068 | €6,639 | -€5,429 | -45.0% |
| Profit (loss) for the period | 9904 | €18,476 | €34,931 | +€16,455 | +89.1% |
| Transfer from tax-exempt reserves | 789 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,976 | €39,431 | +€16,455 | +71.6% |
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 23 October 2026 via checked.be.