PLANTIJN: 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.
PLANTIJN
Largest movements
- Tangible fixed assets +€128,890
up €128,890 (+13.1%), from €983,352 to €1.1m
of which Land and buildings: +€112,101
- Cash -€127,265
down €127,265 (-97.3%), from €130,742 to €3,477
mainly Investment in fixed assets (net) (-€206,083) and Debts after one year (-€58,859)
- Receivables within one year -€50,091
down €50,091 (-52.7%), from €94,962 to €44,871
of which Trade receivables: -€39,302
- Current investments +€32,256
up €32,256 (+74.8%), from €43,149 to €75,405
- Profit (loss) carried forward +€82,973
up €82,973 (+60.4%), from €137,433 to €220,406
- Debts after one year -€58,859
down €58,859 (-12.8%), from €458,255 to €399,396
- Other debts -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Tax, wage and social debts -€18,097
down €18,097 (-47.7%), from €37,913 to €19,816
of which Taxes: -€17,946
- Trade debts +€15,287
up €15,287 (+28.7%), from €53,325 to €68,613
- Gross operating margin -€48,980
down €48,980 (-13.4%), from €365,204 to €316,224
- Depreciation +€19,786
up €19,786 (+34.5%), from €57,406 to €77,192
- Taxes -€17,687
down €17,687 (-44.5%), from €39,721 to €22,034
- Staff costs +€5,357
up €5,357 (+5.9%), from €90,349 to €95,706
- Financial charges +€3,859
up €3,859 (+23.9%), from €16,162 to €20,021
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 | €1,252,231 | €1,238,957 | -€13,274 | -1.1% |
| Fixed assets | 21/28 | €983,352 | €1,112,242 | +€128,890 | +13.1% |
| Tangible fixed assets | 22/27 | €983,352 | €1,112,242 | +€128,890 | +13.1% |
| Land and buildings | 22 | €719,680 | €831,781 | +€112,101 | +15.6% |
| Plant, machinery and equipment | 23 | €263,672 | €280,461 | +€16,790 | +6.4% |
| Current assets | 29/58 | €268,879 | €126,714 | -€142,165 | -52.9% |
| Amounts receivable within one year | 40/41 | €94,962 | €44,871 | -€50,091 | -52.7% |
| Trade receivables | 40 | €84,173 | €44,871 | -€39,302 | -46.7% |
| Other amounts receivable | 41 | €10,789 | - | -€10,789 | |
| Current investments | 50/53 | €43,149 | €75,405 | +€32,256 | +74.8% |
| Cash at bank and in hand | 54/58 | €130,742 | €3,477 | -€127,265 | -97.3% |
| Deferred charges and accrued income | 490/1 | €26 | €2,961 | +€2,935 | +11,211% |
| Total equity and liabilities | 10/49 | €1,252,231 | €1,238,957 | -€13,274 | -1.1% |
| Equity | 10/15 | €519,065 | €581,486 | +€62,422 | +12.0% |
| Contributions | 10/11 | €225,973 | €225,973 | = | 0.0% |
| Capital | 10 | €225,973 | €225,973 | = | 0.0% |
| Issued capital | 100 | €225,973 | €225,973 | = | 0.0% |
| Reserves | 13 | €105,374 | €93,374 | -€12,000 | -11.4% |
| Non-distributable reserves | 130/1 | €30,934 | €30,934 | = | 0.0% |
| Legal reserve | 130 | €30,934 | €30,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,440 | €62,440 | -€12,000 | -16.1% |
| Profit (loss) carried forward | 14 | €137,433 | €220,406 | +€82,973 | +60.4% |
| Investment grants | 15 | €50,284 | €41,733 | -€8,551 | -17.0% |
| Provisions and deferred taxes | 16 | €24,813 | €20,813 | -€4,000 | -16.1% |
| Deferred taxes | 168 | €24,813 | €20,813 | -€4,000 | -16.1% |
| Amounts payable | 17/49 | €708,353 | €636,657 | -€71,696 | -10.1% |
| Amounts payable after more than one year | 17 | €458,255 | €399,396 | -€58,859 | -12.8% |
| Financial debts | 170/4 | €458,255 | €399,396 | -€58,859 | -12.8% |
| Amounts payable within one year | 42/48 | €250,098 | €222,288 | -€27,810 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €58,859 | €58,859 | = | 0.0% |
| Trade debts | 44 | €53,325 | €68,613 | +€15,287 | +28.7% |
| Suppliers | 440/4 | €53,325 | €68,613 | +€15,287 | +28.7% |
| Taxes, remuneration and social security | 45 | €37,913 | €19,816 | -€18,097 | -47.7% |
| Taxes | 450/3 | €27,598 | €9,651 | -€17,946 | -65.0% |
| Remuneration and social security | 454/9 | €10,316 | €10,164 | -€151 | -1.5% |
| Other amounts payable | 47/48 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €14,973 | +€14,973 | |
| Remuneration, social security and pensions | 62 | €90,349 | €95,706 | +€5,357 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,406 | €77,192 | +€19,786 | +34.5% |
| Other operating charges | 640/8 | €43,814 | €42,080 | -€1,734 | -4.0% |
| Gross operating margin | 9900 | €365,204 | €316,224 | -€48,980 | -13.4% |
| Operating profit (loss) | 9901 | €173,634 | €101,246 | -€72,388 | -41.7% |
| Financial income | 75/76B | €6,593 | €7,782 | +€1,189 | +18.0% |
| Recurring financial income | 75 | €6,593 | €7,782 | +€1,189 | +18.0% |
| Financial charges | 65/66B | €16,162 | €20,021 | +€3,859 | +23.9% |
| Recurring financial charges | 65 | €16,162 | €20,021 | +€3,859 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €164,065 | €89,007 | -€75,058 | -45.7% |
| Transfer from deferred taxes | 780 | €3,876 | €4,000 | +€124 | +3.2% |
| Income taxes | 67/77 | €39,721 | €22,034 | -€17,687 | -44.5% |
| Profit (loss) for the period | 9904 | €128,220 | €70,973 | -€57,247 | -44.6% |
| Transfer from tax-exempt reserves | 789 | €11,628 | €12,000 | +€372 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €139,848 | €82,973 | -€56,875 | -40.7% |
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 18 October 2026 via checked.be.