Platform Science: 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
Platform Science
NACE 61.100, Wired, wireless and satellite telecommunications
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.3m
2024 · €7.8m-€2.5m
Equity
€28.8m
2024 · €53.5m-€24.7m
Cash
€3.2m
2024 · €12.7m-€9.5m
Balance sheet total
€50.1m
2024 · €65.7m-€15.6m
Largest movements
Assets
- Cash -€9.5m
down €9.5m (-74.7%), from €12.7m to €3.2m
mainly Contributions, distributions and other (-€30.0m) and Receivables within one year (-€3.9m)
- Receivables after one year -€9.4m
down €9.4m (-35.6%), from €26.4m to €17.0m
of which Other amounts receivable: -€7.8m
- Receivables within one year +€3.9m
up €3.9m (+24.0%), from €16.4m to €20.3m
of which Other amounts receivable: +€7.4m
- Stocks and contracts -€691,293
down €691,293 (-17.6%), from €3.9m to €3.2m
Equity and liabilities
- Profit (loss) carried forward -€24.7m
down €24.7m (-70.7%), from €34.9m to €10.3m
- Trade debts +€7.9m
up €7.9m (+121%), from €6.5m to €14.4m
- Tax, wage and social debts +€922,630
up €922,630 (+46.1%), from €2.0m to €2.9m
of which Taxes: +€743,115
- Accrued charges and deferred income +€911,667
up €911,667 (+312%), from €291,889 to €1.2m
Income statement
- Services and other goods +€2.4m
up €2.4m (+15.1%), from €15.9m to €18.3m
- Other operating income -€2.1m
down €2.1m (-87.5%), from €2.4m to €295,318
- Financial income +€1.5m
up €1.5m (+83.3%), from €1.7m to €3.2m
of which Financial income: +€2.0m
- Taxes -€1.1m
down €1.1m (-41.4%), from €2.6m to €1.5m
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
€7.8m
Turnover
+€267,849
Other operating income
-€2.1m
Goods and materials
+€175,520
Services and other goods
-€2.4m
Staff costs
-€432,475
Depreciation
+€20,991
Write-downs
-€242,331
Provisions
-€94,368
Other operating charges
-€190,987
Other operating items
-€419,262
Financial income
+€1.5m
Financial charges
+€319,363
Taxes
+€1.1m
Result 2025
€5.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20.7m
Investment
-€218,807
Financing
-€30.0m
Cash 2024
€12.7m
From operations (derived)
+€20.7m
Net result for the year
+€5.3m
Depreciation
+€124,751
Receivables after one year
+€9.4m
Stocks and contracts
+€691,293
Receivables within one year
-€3.9m
Deferred charges and accrued income
+€60,213
Trade debts
+€7.9m
Tax, wage and social debts
+€922,630
Other debts
-€622,531
Accrued charges and deferred income
+€911,667
Investment (derived)
-€218,807
Investment in fixed assets (net)
-€218,807
Financing
-€30.0m
Contributions, distributions and other
-€30.0m
Cash 2025
€3.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,728,447 | €50,108,361 | -€15.6m | -23.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,204,965 | €6,299,021 | +€94,056 | +1.5% |
| Intangible fixed assets | 21 | €68,754 | - | -€68,754 | |
| Tangible fixed assets | 22/27 | €67,716 | €266,938 | +€199,222 | +294% |
| Plant, machinery and equipment | 23 | €12,029 | €4,344 | -€7,685 | -63.9% |
| Furniture and vehicles | 24 | €30,237 | €38,592 | +€8,355 | +27.6% |
| Other tangible fixed assets | 26 | €21,385 | €132,395 | +€111,010 | +519% |
| Assets under construction and advance payments | 27 | €4,065 | €91,608 | +€87,543 | +2,154% |
| Financial fixed assets | 28 | €6,068,495 | €6,032,083 | -€36,412 | -0.6% |
| Affiliated companies | 280/1 | €6,019,877 | €6,019,877 | = | 0.0% |
| Participating interests | 280 | €6,019,877 | €6,019,877 | = | 0.0% |
| Other financial fixed assets | 284/8 | €48,618 | €12,206 | -€36,412 | -74.9% |
| Amounts receivable and cash guarantees | 285/8 | €48,618 | €12,206 | -€36,412 | -74.9% |
| Current assets | 29/58 | €59,523,482 | €43,809,339 | -€15.7m | -26.4% |
| Amounts receivable after more than one year | 29 | €26,356,738 | €16,961,853 | -€9.4m | -35.6% |
| Trade receivables | 290 | €8,781,584 | €7,201,989 | -€1.6m | -18.0% |
| Other amounts receivable | 291 | €17,575,154 | €9,759,864 | -€7.8m | -44.5% |
| Stocks and contracts in progress | 3 | €3,932,564 | €3,241,270 | -€691,293 | -17.6% |
| Stocks | 30/36 | €3,932,564 | €3,241,270 | -€691,293 | -17.6% |
| Finished goods | 33 | - | €3,241,270 | +€3.2m | |
| Goods purchased for resale | 34 | €3,932,564 | - | -€3.9m | |
| Amounts receivable within one year | 40/41 | €16,376,611 | €20,309,222 | +€3.9m | +24.0% |
| Trade receivables | 40 | €13,806,912 | €10,352,559 | -€3.5m | -25.0% |
| Other amounts receivable | 41 | €2,569,699 | €9,956,663 | +€7.4m | +287% |
| Cash at bank and in hand | 54/58 | €12,710,066 | €3,209,703 | -€9.5m | -74.7% |
| Deferred charges and accrued income | 490/1 | €147,504 | €87,291 | -€60,213 | -40.8% |
| Total equity and liabilities | 10/49 | €65,728,447 | €50,108,361 | -€15.6m | -23.8% |
| Equity | 10/15 | €53,530,525 | €28,833,419 | -€24.7m | -46.1% |
| Contributions | 10/11 | €16,979,478 | €16,979,478 | = | 0.0% |
| Capital | 10 | €16,019,930 | €16,019,930 | = | 0.0% |
| Issued capital | 100 | €16,019,930 | €16,019,930 | = | 0.0% |
| Contributions outside capital | 11 | €959,548 | €959,548 | = | 0.0% |
| Share premium | 1100/10 | €959,548 | €959,548 | = | 0.0% |
| Reserves | 13 | €1,601,993 | €1,601,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,601,993 | €1,601,993 | = | 0.0% |
| Legal reserve | 130 | €1,601,993 | €1,601,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,949,054 | €10,251,948 | -€24.7m | -70.7% |
| Provisions and deferred taxes | 16 | €61,352 | €61,352 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €61,352 | €61,352 | = | 0.0% |
| Other liabilities and charges | 164/5 | €61,352 | €61,352 | = | 0.0% |
| Amounts payable | 17/49 | €12,136,569 | €21,213,590 | +€9.1m | +74.8% |
| Amounts payable within one year | 42/48 | €11,844,680 | €20,010,034 | +€8.2m | +68.9% |
| Trade debts | 44 | €6,511,026 | €14,376,280 | +€7.9m | +121% |
| Suppliers | 440/4 | €6,511,026 | €14,376,280 | +€7.9m | +121% |
| Taxes, remuneration and social security | 45 | €2,003,361 | €2,925,991 | +€922,630 | +46.1% |
| Taxes | 450/3 | €0 | €743,115 | +€743,115 | |
| Remuneration and social security | 454/9 | €2,003,361 | €2,182,876 | +€179,515 | +9.0% |
| Other amounts payable | 47/48 | €3,330,294 | €2,707,762 | -€622,531 | -18.7% |
| Accrued charges and deferred income | 492/3 | €291,889 | €1,203,556 | +€911,667 | +312% |
| Operating income | 70/76A | €52,183,044 | €50,390,546 | -€1.8m | -3.4% |
| Turnover | 70 | €49,827,379 | €50,095,228 | +€267,849 | +0.5% |
| Other operating income | 74 | €2,355,665 | €295,318 | -€2.1m | -87.5% |
| Operating charges | 60/66A | €43,183,756 | €46,764,136 | +€3.6m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €16,382,380 | €16,206,860 | -€175,520 | -1.1% |
| Purchases | 600/8 | €15,012,608 | €16,133,911 | +€1.1m | +7.5% |
| Change in stocks: decrease (increase) | 609 | €1,369,772 | €72,948 | -€1.3m | -94.7% |
| Services and other goods | 61 | €15,912,776 | €18,310,244 | +€2.4m | +15.1% |
| Remuneration, social security and pensions | 62 | €10,109,736 | €10,542,211 | +€432,475 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,742 | €124,751 | -€20,991 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €577,493 | €819,824 | +€242,331 | +42.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€94,368 | €0 | +€94,368 | |
| Other operating charges | 640/8 | €149,998 | €340,985 | +€190,987 | +127% |
| Non-recurring operating charges | 66A | - | €419,262 | +€419,262 | |
| Operating profit (loss) | 9901 | €8,999,288 | €3,626,410 | -€5.4m | -59.7% |
| Financial income | 75/76B | €1,741,354 | €3,192,564 | +€1.5m | +83.3% |
| Recurring financial income | 75 | €1,194,104 | €3,192,564 | +€2.0m | +167% |
| Income from financial fixed assets | 750 | €750,130 | €3,116,413 | +€2.4m | +315% |
| Income from current assets | 751 | €443,974 | - | -€443,974 | |
| Other financial income | 752/9 | - | €76,151 | +€76,151 | |
| Non-recurring financial income | 76B | €547,250 | - | -€547,250 | |
| Financial charges | 65/66B | €359,071 | €39,708 | -€319,363 | -88.9% |
| Recurring financial charges | 65 | €359,071 | €39,708 | -€319,363 | -88.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €224,682 | €0 | -€224,682 | -100% |
| Other financial charges | 652/9 | €134,389 | €39,708 | -€94,681 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €10,381,571 | €6,779,266 | -€3.6m | -34.7% |
| Income taxes | 67/77 | €2,564,819 | €1,503,285 | -€1.1m | -41.4% |
| Taxes | 670/3 | €2,564,819 | €1,503,285 | -€1.1m | -41.4% |
| Profit (loss) for the period | 9904 | €7,816,752 | €5,275,981 | -€2.5m | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,816,752 | €5,275,981 | -€2.5m | -32.5% |
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 27 October 2026 via checked.be.