PLASSCHAERT: 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.
PLASSCHAERT
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+61.4%), from €2.0m to €3.3m
of which Land and buildings: +€1.3m
- Cash -€275,321
down €275,321 (-98.2%), from €280,278 to €4,957
mainly Investment in fixed assets (net) (-€1.4m) and Receivables within one year (-€245,465)
- Receivables within one year +€245,465
up €245,465 (+27.2%), from €903,236 to €1.1m
of which Other amounts receivable: +€162,668
- Debts after one year +€1.2m
up €1.2m (+81.9%), from €1.5m to €2.8m
- Trade debts -€169,972
down €169,972 (-64.4%), from €263,742 to €93,770
- Current portion of long-term debt +€132,840
up €132,840 (+335.0%), from €39,652 to €172,492
- Depreciation +€108,722
up €108,722 (+150.3%), from €72,331 to €181,053
- Gross operating margin +€64,622
up €64,622 (+30.2%), from €213,997 to €278,620
- Provisions +€55,000
up €55,000, from -€55,000 to €0
- Taxes -€28,974
down €28,974 (-72.8%), from €39,808 to €10,834
- Financial charges +€18,545
up €18,545 (+400.4%), from €4,631 to €23,176
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 | €3,226,878 | €4,454,554 | +€1.2m | +38.0% |
| Fixed assets | 21/28 | €2,043,364 | €3,298,141 | +€1.3m | +61.4% |
| Tangible fixed assets | 22/27 | €2,043,364 | €3,298,141 | +€1.3m | +61.4% |
| Land and buildings | 22 | €2,033,850 | €3,290,623 | +€1.3m | +61.8% |
| Plant, machinery and equipment | 23 | €9,514 | €7,518 | -€1,996 | -21.0% |
| Current assets | 29/58 | €1,183,514 | €1,156,413 | -€27,101 | -2.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €903,236 | €1,148,701 | +€245,465 | +27.2% |
| Trade receivables | 40 | - | €82,796 | +€82,796 | |
| Other amounts receivable | 41 | €903,236 | €1,065,904 | +€162,668 | +18.0% |
| Cash at bank and in hand | 54/58 | €280,278 | €4,957 | -€275,321 | -98.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,755 | +€2,755 | |
| Total equity and liabilities | 10/49 | €3,226,878 | €4,454,554 | +€1.2m | +38.0% |
| Equity | 10/15 | €1,395,373 | €1,425,545 | +€30,172 | +2.2% |
| Contributions | 10/11 | €822,279 | €822,279 | = | 0.0% |
| Capital | 10 | €822,279 | €822,279 | = | 0.0% |
| Issued capital | 100 | €822,279 | €822,279 | = | 0.0% |
| Reserves | 13 | €573,095 | €603,266 | +€30,172 | +5.3% |
| Non-distributable reserves | 130/1 | €82,228 | €82,228 | = | 0.0% |
| Legal reserve | 130 | €82,228 | €82,228 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €472,117 | €502,288 | +€30,172 | +6.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,831,504 | €3,029,009 | +€1.2m | +65.4% |
| Amounts payable after more than one year | 17 | €1,518,302 | €2,761,282 | +€1.2m | +81.9% |
| Financial debts | 170/4 | €1,518,302 | €2,761,282 | +€1.2m | +81.9% |
| Amounts payable within one year | 42/48 | €313,202 | €267,727 | -€45,475 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €39,652 | €172,492 | +€132,840 | +335.0% |
| Trade debts | 44 | €263,742 | €93,770 | -€169,972 | -64.4% |
| Suppliers | 440/4 | €263,742 | €93,770 | -€169,972 | -64.4% |
| Taxes, remuneration and social security | 45 | €9,808 | €1,466 | -€8,342 | -85.1% |
| Taxes | 450/3 | €9,808 | €1,466 | -€8,342 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,331 | €181,053 | +€108,722 | +150.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€55,000 | €0 | +€55,000 | |
| Other operating charges | 640/8 | €32,873 | €34,037 | +€1,164 | +3.5% |
| Gross operating margin | 9900 | €213,997 | €278,620 | +€64,622 | +30.2% |
| Operating profit (loss) | 9901 | €163,793 | €63,530 | -€100,264 | -61.2% |
| Financial income | 75/76B | €71 | €652 | +€581 | +821.1% |
| Recurring financial income | 75 | €71 | €652 | +€581 | +821.1% |
| Financial charges | 65/66B | €4,631 | €23,176 | +€18,545 | +400.4% |
| Recurring financial charges | 65 | €4,631 | €23,176 | +€18,545 | +400.4% |
| Profit (loss) for the period before taxes | 9903 | €159,233 | €41,006 | -€118,227 | -74.2% |
| Income taxes | 67/77 | €39,808 | €10,834 | -€28,974 | -72.8% |
| Profit (loss) for the period | 9904 | €119,425 | €30,172 | -€89,253 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,425 | €30,172 | -€89,253 | -74.7% |
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 1 October 2026 via checked.be.