PLANT PROJECTS: 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.
PLANT PROJECTS
Largest movements
- Cash +€102,873
up €102,873 (+105.0%), from €97,982 to €200,855
mainly Other debts (+€53,280) and Net result for the year (+€50,496)
- Receivables within one year -€31,442
down €31,442 (-29.6%), from €106,170 to €74,728
of which Trade receivables: -€19,127
- Tangible fixed assets -€13,149
down €13,149 (-4.6%), from €285,402 to €272,253
of which Land and buildings: -€32,462
- Financial fixed assets +€9,360
up €9,360 (+73.1%), from €12,800 to €22,160
- Stocks and contracts +€9,288
up €9,288 (+41.1%), from €22,614 to €31,902
of which Stocks: +€7,701
- Other debts +€53,280
up €53,280 (+137.1%), from €38,863 to €92,143
- Reserves +€50,496
up €50,496 (+27.5%), from €183,887 to €234,382
- Debts after one year -€20,631
down €20,631 (-12.9%), from €160,094 to €139,463
of which Financial debts: -€19,034
- Trade debts -€7,221
down €7,221 (-8.7%), from €83,472 to €76,251
- Depreciation +€5,243
up €5,243 (+12.1%), from €43,438 to €48,681
- Financial charges +€1,773
up €1,773 (+17.4%), from €10,195 to €11,969
- Taxes -€1,361
down €1,361 (-5.7%), from €24,023 to €22,662
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 | €528,913 | €607,733 | +€78,820 | +14.9% |
| Fixed assets | 21/28 | €299,098 | €294,413 | -€4,686 | -1.6% |
| Intangible fixed assets | 21 | €897 | €0 | -€897 | -100.0% |
| Tangible fixed assets | 22/27 | €285,402 | €272,253 | -€13,149 | -4.6% |
| Land and buildings | 22 | €191,486 | €159,024 | -€32,462 | -17.0% |
| Plant, machinery and equipment | 23 | €163 | €0 | -€163 | -100.0% |
| Furniture and vehicles | 24 | €35,030 | €25,429 | -€9,600 | -27.4% |
| Other tangible fixed assets | 26 | €58,723 | €87,800 | +€29,077 | +49.5% |
| Financial fixed assets | 28 | €12,800 | €22,160 | +€9,360 | +73.1% |
| Current assets | 29/58 | €229,815 | €313,321 | +€83,506 | +36.3% |
| Stocks and contracts in progress | 3 | €22,614 | €31,902 | +€9,288 | +41.1% |
| Stocks | 30/36 | €22,614 | €30,314 | +€7,701 | +34.1% |
| Contracts in progress | 37 | €0 | €1,587 | +€1,587 | |
| Amounts receivable within one year | 40/41 | €106,170 | €74,728 | -€31,442 | -29.6% |
| Trade receivables | 40 | €70,002 | €50,875 | -€19,127 | -27.3% |
| Other amounts receivable | 41 | €36,168 | €23,853 | -€12,315 | -34.0% |
| Cash at bank and in hand | 54/58 | €97,982 | €200,855 | +€102,873 | +105.0% |
| Deferred charges and accrued income | 490/1 | €3,050 | €5,837 | +€2,787 | +91.4% |
| Total equity and liabilities | 10/49 | €528,913 | €607,733 | +€78,820 | +14.9% |
| Equity | 10/15 | €203,887 | €254,382 | +€50,496 | +24.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €183,887 | €234,382 | +€50,496 | +27.5% |
| Distributable reserves | 133 | €183,887 | €234,382 | +€50,496 | +27.5% |
| Amounts payable | 17/49 | €325,027 | €353,351 | +€28,324 | +8.7% |
| Amounts payable after more than one year | 17 | €160,094 | €139,463 | -€20,631 | -12.9% |
| Financial debts | 170/4 | €59,277 | €40,243 | -€19,034 | -32.1% |
| Other amounts payable | 178/9 | €100,817 | €99,220 | -€1,597 | -1.6% |
| Amounts payable within one year | 42/48 | €159,363 | €206,851 | +€47,488 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €28,707 | €29,034 | +€327 | +1.1% |
| Trade debts | 44 | €83,472 | €76,251 | -€7,221 | -8.7% |
| Suppliers | 440/4 | €83,472 | €76,251 | -€7,221 | -8.7% |
| Taxes, remuneration and social security | 45 | €8,321 | €9,423 | +€1,102 | +13.2% |
| Taxes | 450/3 | €8,321 | €9,423 | +€1,102 | +13.2% |
| Other amounts payable | 47/48 | €38,863 | €92,143 | +€53,280 | +137.1% |
| Accrued charges and deferred income | 492/3 | €5,570 | €7,037 | +€1,467 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,438 | €48,681 | +€5,243 | +12.1% |
| Other operating charges | 640/8 | €1,712 | €2,063 | +€351 | +20.5% |
| Gross operating margin | 9900 | €133,836 | €134,390 | +€555 | +0.4% |
| Operating profit (loss) | 9901 | €88,686 | €83,646 | -€5,040 | -5.7% |
| Financial income | 75/76B | €842 | €1,481 | +€639 | +75.9% |
| Recurring financial income | 75 | €842 | €1,481 | +€639 | +75.9% |
| Financial charges | 65/66B | €10,195 | €11,969 | +€1,773 | +17.4% |
| Recurring financial charges | 65 | €10,195 | €11,969 | +€1,773 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €79,332 | €73,158 | -€6,174 | -7.8% |
| Income taxes | 67/77 | €24,023 | €22,662 | -€1,361 | -5.7% |
| Profit (loss) for the period | 9904 | €55,309 | €50,496 | -€4,813 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,309 | €50,496 | -€4,813 | -8.7% |
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 4 October 2026 via checked.be.