PLASVO: 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.
PLASVO
Largest movements
- Intangible fixed assets +€26,115
new in 2025: €26,115
- Tangible fixed assets -€12,395
down €12,395 (-4.8%), from €258,598 to €246,202
of which Land and buildings: -€12,395
- Stocks and contracts -€11,856
down €11,856 (-6.2%), from €190,399 to €178,543
- Receivables within one year +€6,116
up €6,116 (+34.8%), from €17,600 to €23,716
of which Other amounts receivable: +€3,388
- Debts after one year -€13,706
down €13,706 (-51.2%), from €26,752 to €13,046
- Reserves +€13,312
up €13,312 (+3.7%), from €357,985 to €371,297
- Gross operating margin +€6,709
up €6,709 (+9.8%), from €68,136 to €74,844
- Financial income +€2,251
up €2,251 (+132.7%), from €1,696 to €3,946
- Depreciation +€1,893
up €1,893 (+15.0%), from €12,587 to €14,480
- Staff costs -€1,489
down €1,489 (-12.2%), from €12,168 to €10,678
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 | €527,028 | €538,077 | +€11,049 | +2.1% |
| Fixed assets | 21/28 | €260,757 | €274,476 | +€13,720 | +5.3% |
| Intangible fixed assets | 21 | - | €26,115 | +€26,115 | |
| Tangible fixed assets | 22/27 | €258,598 | €246,202 | -€12,395 | -4.8% |
| Land and buildings | 22 | €258,598 | €246,202 | -€12,395 | -4.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €2,159 | €2,159 | = | 0.0% |
| Current assets | 29/58 | €266,271 | €263,601 | -€2,671 | -1.0% |
| Stocks and contracts in progress | 3 | €190,399 | €178,543 | -€11,856 | -6.2% |
| Stocks | 30/36 | €190,399 | €178,543 | -€11,856 | -6.2% |
| Amounts receivable within one year | 40/41 | €17,600 | €23,716 | +€6,116 | +34.8% |
| Trade receivables | 40 | €17,600 | €20,328 | +€2,728 | +15.5% |
| Other amounts receivable | 41 | - | €3,388 | +€3,388 | |
| Cash at bank and in hand | 54/58 | €48,667 | €51,346 | +€2,679 | +5.5% |
| Deferred charges and accrued income | 490/1 | €9,605 | €9,996 | +€390 | +4.1% |
| Total equity and liabilities | 10/49 | €527,028 | €538,077 | +€11,049 | +2.1% |
| Equity | 10/15 | €402,307 | €415,618 | +€13,312 | +3.3% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €357,985 | €371,297 | +€13,312 | +3.7% |
| Distributable reserves | 133 | €357,985 | €371,297 | +€13,312 | +3.7% |
| Profit (loss) carried forward | 14 | €19,522 | €19,522 | = | 0.0% |
| Amounts payable | 17/49 | €124,721 | €122,459 | -€2,263 | -1.8% |
| Amounts payable after more than one year | 17 | €26,752 | €13,046 | -€13,706 | -51.2% |
| Financial debts | 170/4 | €26,752 | €13,046 | -€13,706 | -51.2% |
| Amounts payable within one year | 42/48 | €97,880 | €109,346 | +€11,466 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €13,177 | €13,706 | +€529 | +4.0% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,124 | €12,863 | +€4,739 | +58.3% |
| Suppliers | 440/4 | €8,124 | €12,863 | +€4,739 | +58.3% |
| Taxes, remuneration and social security | 45 | €13,543 | €15,949 | +€2,406 | +17.8% |
| Taxes | 450/3 | €10,966 | €13,291 | +€2,325 | +21.2% |
| Remuneration and social security | 454/9 | €2,577 | €2,658 | +€81 | +3.1% |
| Other amounts payable | 47/48 | €13,037 | €16,829 | +€3,792 | +29.1% |
| Accrued charges and deferred income | 492/3 | €89 | €66 | -€23 | -26.3% |
| Remuneration, social security and pensions | 62 | €12,168 | €10,678 | -€1,489 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,587 | €14,480 | +€1,893 | +15.0% |
| Other operating charges | 640/8 | €3,100 | €3,118 | +€18 | +0.6% |
| Gross operating margin | 9900 | €68,136 | €74,844 | +€6,709 | +9.8% |
| Operating profit (loss) | 9901 | €40,280 | €46,567 | +€6,287 | +15.6% |
| Financial income | 75/76B | €1,696 | €3,946 | +€2,251 | +132.7% |
| Recurring financial income | 75 | €1,696 | €3,946 | +€2,251 | +132.7% |
| Financial charges | 65/66B | €8,919 | €8,862 | -€58 | -0.6% |
| Recurring financial charges | 65 | €8,919 | €8,862 | -€58 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €33,057 | €41,652 | +€8,595 | +26.0% |
| Income taxes | 67/77 | €11,553 | €11,616 | +€63 | +0.5% |
| Profit (loss) for the period | 9904 | €21,504 | €30,036 | +€8,533 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,504 | €30,036 | +€8,533 | +39.7% |
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 8 October 2026 via checked.be.