PLASSCHAERT DONALD: 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.
PLASSCHAERT DONALD
Largest movements
- Current investments +€430,000
up €430,000, from €0 to €430,000
- Cash -€305,817
down €305,817 (-94.3%), from €324,359 to €18,542
mainly Current investments (-€430,000) and Contributions, distributions and other (-€16,447)
- Tangible fixed assets -€9,462
down €9,462 (-17.8%), from €53,006 to €43,545
of which Furniture and vehicles: -€6,095
- Reserves +€96,144
up €96,144 (+27.2%), from €353,870 to €450,015
of which Distributable reserves: +€96,144
- Tax, wage and social debts +€15,587
up €15,587 (+81.1%), from €19,231 to €34,817
of which Taxes: +€15,545
- Gross operating margin +€78,509
up €78,509 (+84.7%), from €92,669 to €171,178
- Taxes +€24,255
up €24,255 (+85.0%), from €28,545 to €52,800
- Financial charges -€11,772
down €11,772 (-94.9%), from €12,409 to €638
- Financial income -€9,581
down €9,581 (-62.3%), from €15,374 to €5,793
- Depreciation -€1,980
down €1,980 (-17.3%), from €11,441 to €9,462
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 | €382,132 | €496,943 | +€114,810 | +30.0% |
| Fixed assets | 21/28 | €54,342 | €44,880 | -€9,462 | -17.4% |
| Tangible fixed assets | 22/27 | €53,006 | €43,545 | -€9,462 | -17.8% |
| Plant, machinery and equipment | 23 | €6,602 | €4,434 | -€2,168 | -32.8% |
| Furniture and vehicles | 24 | €41,312 | €35,217 | -€6,095 | -14.8% |
| Other tangible fixed assets | 26 | €5,093 | €3,895 | -€1,199 | -23.5% |
| Financial fixed assets | 28 | €1,336 | €1,336 | = | 0.0% |
| Current assets | 29/58 | €327,790 | €452,062 | +€124,272 | +37.9% |
| Amounts receivable within one year | 40/41 | €109 | €0 | -€109 | -100% |
| Other amounts receivable | 41 | €109 | €0 | -€109 | -100% |
| Current investments | 50/53 | €0 | €430,000 | +€430,000 | |
| Cash at bank and in hand | 54/58 | €324,359 | €18,542 | -€305,817 | -94.3% |
| Deferred charges and accrued income | 490/1 | €3,322 | €3,520 | +€198 | +6.0% |
| Total equity and liabilities | 10/49 | €382,132 | €496,943 | +€114,810 | +30.0% |
| Equity | 10/15 | €360,070 | €456,215 | +€96,144 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €353,870 | €450,015 | +€96,144 | +27.2% |
| Tax-exempt reserves | 132 | €38,474 | €38,474 | = | 0.0% |
| Distributable reserves | 133 | €315,396 | €411,541 | +€96,144 | +30.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,062 | €40,728 | +€18,666 | +84.6% |
| Amounts payable within one year | 42/48 | €21,562 | €40,578 | +€19,016 | +88.2% |
| Trade debts | 44 | €2,331 | €2,797 | +€466 | +20.0% |
| Suppliers | 440/4 | €2,331 | €2,797 | +€466 | +20.0% |
| Taxes, remuneration and social security | 45 | €19,231 | €34,817 | +€15,587 | +81.1% |
| Taxes | 450/3 | €13,387 | €28,932 | +€15,545 | +116% |
| Remuneration and social security | 454/9 | €5,844 | €5,885 | +€42 | +0.7% |
| Other amounts payable | 47/48 | - | €2,963 | +€2,963 | |
| Accrued charges and deferred income | 492/3 | €500 | €150 | -€350 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,441 | €9,462 | -€1,980 | -17.3% |
| Other operating charges | 640/8 | €1,789 | €1,480 | -€309 | -17.3% |
| Gross operating margin | 9900 | €92,669 | €171,178 | +€78,509 | +84.7% |
| Operating profit (loss) | 9901 | €79,439 | €160,237 | +€80,798 | +102% |
| Financial income | 75/76B | €15,374 | €5,793 | -€9,581 | -62.3% |
| Recurring financial income | 75 | €15,374 | €5,793 | -€9,581 | -62.3% |
| Financial charges | 65/66B | €12,409 | €638 | -€11,772 | -94.9% |
| Recurring financial charges | 65 | €12,409 | €638 | -€11,772 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €82,403 | €165,392 | +€82,989 | +101% |
| Income taxes | 67/77 | €28,545 | €52,800 | +€24,255 | +85.0% |
| Profit (loss) for the period | 9904 | €53,858 | €112,591 | +€58,734 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €53,858 | €112,591 | +€58,734 | +109% |
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 23 October 2026 via checked.be.