PLANT SELECT: 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 SELECT
Largest movements
- Tangible fixed assets -€1.0m
down €1.0m (-15.3%), from €6.8m to €5.8m
of which Plant, machinery and equipment: -€546,169
- Stocks and contracts -€246,416
down €246,416 (-15.4%), from €1.6m to €1.4m
- Profit (loss) carried forward -€1.4m
down €1.4m (-84.8%), from €1.7m to €254,744
- Current portion of long-term debt -€545,217
down €545,217 (-84.3%), from €646,615 to €101,398
- Debts after one year +€472,383
up €472,383 (+10.7%), from €4.4m to €4.9m
- Short-term financial debts +€300,000
up €300,000 (+40.0%), from €750,000 to €1.1m
- Other debts -€270,000
no longer reported in 2025 (was €270,000)
- Staff costs +€991,040
up €991,040 (+67.5%), from €1.5m to €2.5m
- Depreciation +€715,513
up €715,513 (+121.3%), from €589,932 to €1.3m
- Financial charges +€136,704
up €136,704 (+109.0%), from €125,457 to €262,161
- Gross operating margin -€119,824
down €119,824 (-4.3%), from €2.8m to €2.7m
- Other operating charges +€37,508
up €37,508 (+130.8%), from €28,666 to €66,174
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,185,162 | €8,713,650 | -€1.5m | -14.4% |
| Fixed assets | 21/28 | €8,103,993 | €6,963,787 | -€1.1m | -14.1% |
| Intangible fixed assets | 21 | €1,294,214 | €1,192,681 | -€101,532 | -7.8% |
| Tangible fixed assets | 22/27 | €6,805,799 | €5,767,126 | -€1.0m | -15.3% |
| Land and buildings | 22 | €3,926,289 | €3,438,656 | -€487,633 | -12.4% |
| Plant, machinery and equipment | 23 | €2,794,411 | €2,248,242 | -€546,169 | -19.5% |
| Furniture and vehicles | 24 | €71,386 | €77,289 | +€5,903 | +8.3% |
| Leasing and similar rights | 25 | €13,714 | €2,939 | -€10,775 | -78.6% |
| Financial fixed assets | 28 | €3,980 | €3,980 | = | 0.0% |
| Current assets | 29/58 | €2,081,169 | €1,749,862 | -€331,307 | -15.9% |
| Stocks and contracts in progress | 3 | €1,598,340 | €1,351,924 | -€246,416 | -15.4% |
| Stocks | 30/36 | €1,598,340 | €1,351,924 | -€246,416 | -15.4% |
| Amounts receivable within one year | 40/41 | €428,522 | €364,339 | -€64,183 | -15.0% |
| Trade receivables | 40 | €407,971 | €163,171 | -€244,800 | -60.0% |
| Other amounts receivable | 41 | €20,551 | €201,169 | +€180,617 | +878.9% |
| Cash at bank and in hand | 54/58 | €54,307 | €33,599 | -€20,708 | -38.1% |
| Total equity and liabilities | 10/49 | €10,185,162 | €8,713,650 | -€1.5m | -14.4% |
| Equity | 10/15 | €3,664,491 | €2,242,247 | -€1.4m | -38.8% |
| Contributions | 10/11 | €306,488 | €306,488 | = | 0.0% |
| Capital | 10 | €300,600 | €300,600 | = | 0.0% |
| Issued capital | 100 | €300,600 | €300,600 | = | 0.0% |
| Outside capital | 11 | €5,888 | €5,888 | = | 0.0% |
| Share premium | 1100/10 | €5,888 | €5,888 | = | 0.0% |
| Reserves | 13 | €1,681,016 | €1,681,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,600 | €30,600 | = | 0.0% |
| Legal reserve | 130 | €30,600 | €30,600 | = | 0.0% |
| Distributable reserves | 133 | €1,650,416 | €1,650,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,676,988 | €254,744 | -€1.4m | -84.8% |
| Amounts payable | 17/49 | €6,520,671 | €6,471,402 | -€49,269 | -0.8% |
| Amounts payable after more than one year | 17 | €4,402,174 | €4,874,557 | +€472,383 | +10.7% |
| Financial debts | 170/4 | €4,402,174 | €4,874,557 | +€472,383 | +10.7% |
| Amounts payable within one year | 42/48 | €2,118,497 | €1,596,846 | -€521,652 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €646,615 | €101,398 | -€545,217 | -84.3% |
| Financial debts | 43 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Credit institutions | 430/8 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Trade debts | 44 | €248,029 | €185,460 | -€62,569 | -25.2% |
| Suppliers | 440/4 | €248,029 | €185,460 | -€62,569 | -25.2% |
| Taxes, remuneration and social security | 45 | €203,852 | €259,987 | +€56,135 | +27.5% |
| Taxes | 450/3 | €11,022 | €15,612 | +€4,590 | +41.6% |
| Remuneration and social security | 454/9 | €192,830 | €244,375 | +€51,545 | +26.7% |
| Other amounts payable | 47/48 | €270,000 | - | -€270,000 | |
| Non-recurring operating income | 76A | €12,714 | €50,118 | +€37,404 | +294.2% |
| Remuneration, social security and pensions | 62 | €1,468,471 | €2,459,511 | +€991,040 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589,932 | €1,305,445 | +€715,513 | +121.3% |
| Other operating charges | 640/8 | €28,666 | €66,174 | +€37,508 | +130.8% |
| Non-recurring operating charges | 66A | - | €11,061 | +€11,061 | |
| Gross operating margin | 9900 | €2,801,810 | €2,681,986 | -€119,824 | -4.3% |
| Operating profit (loss) | 9901 | €714,741 | -€1,160,205 | -€1.9m | |
| Financial income | 75/76B | €1,046 | €387 | -€659 | -63.0% |
| Recurring financial income | 75 | €1,046 | €387 | -€659 | -63.0% |
| Financial charges | 65/66B | €125,457 | €262,161 | +€136,704 | +109.0% |
| Recurring financial charges | 65 | €125,457 | €262,161 | +€136,704 | +109.0% |
| Profit (loss) for the period before taxes | 9903 | €590,330 | -€1,421,978 | -€2.0m | |
| Income taxes | 67/77 | €1,674 | €266 | -€1,408 | -84.1% |
| Profit (loss) for the period | 9904 | €588,656 | -€1,422,244 | -€2.0m | |
| Transfer from tax-exempt reserves | 789 | €255,469 | - | -€255,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €844,125 | -€1,422,244 | -€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 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.