PLANTYN: 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.
What changed
PLANTYN
NACE 18.120, Other printing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9.5m
2024 · €8.9m+€649,289
Equity
€12.8m
2024 · €13.1m-€289,356
Cash
€18.9m
2024 · €28.4m-€9.5m
Balance sheet total
€42.8m
2024 · €52.0m-€9.1m
Largest movements
Assets
- Cash -€9.5m
down €9.5m (-33.5%), from €28.4m to €18.9m
mainly Debts after one year (-€11.0m) and Contributions, distributions and other (-€9.8m)
- Stocks and contracts +€1.7m
up €1.7m (+52.8%), from €3.2m to €4.9m
- Receivables within one year -€1.5m
down €1.5m (-31.9%), from €4.9m to €3.3m
of which Other amounts receivable: -€1.8m
- Intangible fixed assets +€849,447
up €849,447 (+6.6%), from €12.8m to €13.7m
Equity and liabilities
- Debts after one year -€11.0m
no longer reported in 2025 (was €11.0m)
- Other debts +€3.6m
up €3.6m (+56.6%), from €6.4m to €10.0m
- Tax, wage and social debts -€3.3m
down €3.3m (-35.8%), from €9.2m to €5.9m
of which Taxes: -€3.2m
- Trade debts +€1.8m
up €1.8m (+51.2%), from €3.6m to €5.4m
Income statement
- Financial income -€1.5m
down €1.5m (-74.7%), from €2.1m to €522,817
- Turnover +€713,100
up €713,100 (+1.2%), from €60.2m to €60.9m
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.
Result 2024
€8.9m
Turnover
+€713,100
Other operating income
+€355,716
Goods and materials
+€152,308
Services and other goods
-€349,326
Staff costs
+€394,436
Depreciation
-€373,125
Write-downs
+€554,541
Other operating charges
-€40,255
Other operating items
+€28,354
Financial income
-€1.5m
Financial charges
+€306,969
Taxes
+€446,167
Result 2025
€9.5m
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.
From operations
+€16.4m
Investment
-€5.2m
Financing
-€20.8m
Cash 2024
€28.4m
From operations (derived)
+€16.4m
Net result for the year
+€9.5m
Depreciation
+€4.8m
Stocks and contracts
-€1.7m
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€151,108
Trade debts
+€1.8m
Tax, wage and social debts
-€3.3m
Advances received
+€476,486
Other debts
+€3.6m
Accrued charges and deferred income
-€508,840
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Financing
-€20.8m
Debts after one year
-€11.0m
Contributions, distributions and other
-€9.8m
Cash 2025
€18.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,962,173 | €42,813,618 | -€9.1m | -17.6% |
| Fixed assets | 21/28 | €14,428,004 | €14,842,459 | +€414,454 | +2.9% |
| Intangible fixed assets | 21 | €12,804,647 | €13,654,094 | +€849,447 | +6.6% |
| Tangible fixed assets | 22/27 | €1,623,357 | €1,188,365 | -€434,992 | -26.8% |
| Land and buildings | 22 | €573,307 | €484,105 | -€89,202 | -15.6% |
| Plant, machinery and equipment | 23 | €77,535 | €77,542 | +€7 | 0.0% |
| Furniture and vehicles | 24 | €239,777 | €223,722 | -€16,055 | -6.7% |
| Assets under construction and advance payments | 27 | €732,738 | €402,996 | -€329,742 | -45.0% |
| Current assets | 29/58 | €37,534,169 | €27,971,160 | -€9.6m | -25.5% |
| Stocks and contracts in progress | 3 | €3,174,057 | €4,850,690 | +€1.7m | +52.8% |
| Stocks | 30/36 | €3,174,057 | €4,850,690 | +€1.7m | +52.8% |
| Finished goods | 33 | €3,174,057 | €4,850,690 | +€1.7m | +52.8% |
| Amounts receivable within one year | 40/41 | €4,853,275 | €3,307,274 | -€1.5m | -31.9% |
| Trade receivables | 40 | €2,365,289 | €2,572,117 | +€206,828 | +8.7% |
| Other amounts receivable | 41 | €2,487,986 | €735,157 | -€1.8m | -70.5% |
| Current investments | 50/53 | €225,561 | €225,561 | = | 0.0% |
| Other investments | 51/53 | €225,561 | €225,561 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,444,442 | €18,901,909 | -€9.5m | -33.5% |
| Deferred charges and accrued income | 490/1 | €836,834 | €685,726 | -€151,108 | -18.1% |
| Total equity and liabilities | 10/49 | €51,962,173 | €42,813,618 | -€9.1m | -17.6% |
| Equity | 10/15 | €13,133,442 | €12,844,086 | -€289,356 | -2.2% |
| Contributions | 10/11 | €298,905 | €298,905 | = | 0.0% |
| Capital | 10 | €298,905 | €298,905 | = | 0.0% |
| Issued capital | 100 | €298,905 | €298,905 | = | 0.0% |
| Reserves | 13 | €251,554 | €251,554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,890 | €29,890 | = | 0.0% |
| Legal reserve | 130 | €29,890 | €29,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,043 | €54,043 | = | 0.0% |
| Distributable reserves | 133 | €167,620 | €167,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,582,983 | €12,293,627 | -€289,356 | -2.3% |
| Amounts payable | 17/49 | €38,828,731 | €29,969,533 | -€8.9m | -22.8% |
| Amounts payable after more than one year | 17 | €11,000,000 | - | -€11.0m | |
| Financial debts | 170/4 | €11,000,000 | - | -€11.0m | |
| Other loans | 174 | €11,000,000 | - | -€11.0m | |
| Amounts payable within one year | 42/48 | €24,045,029 | €26,694,671 | +€2.6m | +11.0% |
| Trade debts | 44 | €3,597,977 | €5,439,288 | +€1.8m | +51.2% |
| Suppliers | 440/4 | €3,597,977 | €5,439,288 | +€1.8m | +51.2% |
| Advances received on contracts in progress | 46 | €4,872,558 | €5,349,044 | +€476,486 | +9.8% |
| Taxes, remuneration and social security | 45 | €9,188,847 | €5,903,362 | -€3.3m | -35.8% |
| Taxes | 450/3 | €5,968,814 | €2,727,042 | -€3.2m | -54.3% |
| Remuneration and social security | 454/9 | €3,220,033 | €3,176,320 | -€43,713 | -1.4% |
| Other amounts payable | 47/48 | €6,385,647 | €10,002,977 | +€3.6m | +56.6% |
| Accrued charges and deferred income | 492/3 | €3,783,702 | €3,274,862 | -€508,840 | -13.4% |
| Operating income | 70/76A | €64,615,985 | €65,713,154 | +€1.1m | +1.7% |
| Turnover | 70 | €60,210,757 | €60,923,856 | +€713,100 | +1.2% |
| Own construction capitalised | 72 | €768,075 | €796,429 | +€28,354 | +3.7% |
| Other operating income | 74 | €3,637,153 | €3,992,869 | +€355,716 | +9.8% |
| Operating charges | 60/66A | €53,459,303 | €53,120,725 | -€338,578 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €7,299,981 | €7,147,674 | -€152,308 | -2.1% |
| Purchases | 600/8 | €7,514,636 | €8,342,301 | +€827,664 | +11.0% |
| Change in stocks: decrease (increase) | 609 | -€214,655 | -€1,194,627 | -€979,972 | -456.5% |
| Services and other goods | 61 | €24,921,470 | €25,270,797 | +€349,326 | +1.4% |
| Remuneration, social security and pensions | 62 | €16,631,031 | €16,236,595 | -€394,436 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,387,859 | €4,760,984 | +€373,125 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,413 | -€518,128 | -€554,541 | |
| Other operating charges | 640/8 | €182,548 | €222,803 | +€40,255 | +22.1% |
| Operating profit (loss) | 9901 | €11,156,682 | €12,592,429 | +€1.4m | +12.9% |
| Financial income | 75/76B | €2,062,412 | €522,817 | -€1.5m | -74.7% |
| Recurring financial income | 75 | €2,062,412 | €522,817 | -€1.5m | -74.7% |
| Income from financial fixed assets | 750 | €911,521 | - | -€911,521 | |
| Income from current assets | 751 | €1,106,425 | €522,014 | -€584,411 | -52.8% |
| Other financial income | 752/9 | €44,466 | €803 | -€43,663 | -98.2% |
| Financial charges | 65/66B | €792,014 | €485,045 | -€306,969 | -38.8% |
| Recurring financial charges | 65 | €792,014 | €485,045 | -€306,969 | -38.8% |
| Debt charges | 650 | €751,549 | €454,950 | -€296,599 | -39.5% |
| Other financial charges | 652/9 | €40,465 | €30,095 | -€10,370 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €12,427,080 | €12,630,202 | +€203,122 | +1.6% |
| Income taxes | 67/77 | €3,556,369 | €3,110,202 | -€446,167 | -12.5% |
| Taxes | 670/3 | €3,556,369 | €3,110,202 | -€446,167 | -12.5% |
| Profit (loss) for the period | 9904 | €8,870,711 | €9,519,999 | +€649,289 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,870,711 | €9,519,999 | +€649,289 | +7.3% |
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 12 October 2026 via checked.be.