PLAZA 2: 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.
PLAZA 2
Largest movements
- Cash +€50,938
up €50,938 (+34.8%), from €146,552 to €197,490
mainly Depreciation (+€41,182) and Net result for the year (+€32,965)
- Tangible fixed assets -€41,182
down €41,182 (-6.1%), from €670,377 to €629,195
of which Land and buildings: -€39,280
- Debts after one year -€31,934
down €31,934 (-22.8%), from €139,934 to €108,000
of which Financial debts: -€30,334
- Reserves +€22,237
up €22,237 (+12.0%), from €184,891 to €207,127
of which Distributable reserves: +€22,237
- Other debts +€9,910
up €9,910 (+4.4%), from €225,157 to €235,067
- Gross operating margin +€19,910
up €19,910 (+18.7%), from €106,663 to €126,573
- Taxes +€8,182
up €8,182 (+88.4%), from €9,256 to €17,439
- Other operating charges +€8,057
up €8,057 (+140%), from €5,737 to €13,794
- Financial charges +€2,147
up €2,147 (+10.1%), from €21,311 to €23,459
- Financial income +€1,756
up €1,756 (+345%), from €510 to €2,265
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 | €819,547 | €827,325 | +€7,778 | +0.9% |
| Fixed assets | 21/28 | €670,377 | €629,195 | -€41,182 | -6.1% |
| Tangible fixed assets | 22/27 | €670,377 | €629,195 | -€41,182 | -6.1% |
| Land and buildings | 22 | €663,327 | €624,047 | -€39,280 | -5.9% |
| Furniture and vehicles | 24 | €7,050 | €5,148 | -€1,902 | -27.0% |
| Current assets | 29/58 | €149,169 | €198,130 | +€48,961 | +32.8% |
| Amounts receivable within one year | 40/41 | €2,618 | €640 | -€1,977 | -75.5% |
| Trade receivables | 40 | €145 | €399 | +€254 | +175% |
| Other amounts receivable | 41 | €2,473 | €241 | -€2,232 | -90.3% |
| Cash at bank and in hand | 54/58 | €146,552 | €197,490 | +€50,938 | +34.8% |
| Total equity and liabilities | 10/49 | €819,547 | €827,325 | +€7,778 | +0.9% |
| Equity | 10/15 | €403,491 | €425,727 | +€22,237 | +5.5% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Capital | 10 | €218,600 | €218,600 | = | 0.0% |
| Issued capital | 100 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €184,891 | €207,127 | +€22,237 | +12.0% |
| Non-distributable reserves | 130/1 | €12,274 | €12,274 | = | 0.0% |
| Legal reserve | 130 | €7,955 | €7,955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,319 | €4,319 | = | 0.0% |
| Distributable reserves | 133 | €172,616 | €194,853 | +€22,237 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €416,056 | €401,598 | -€14,458 | -3.5% |
| Amounts payable after more than one year | 17 | €139,934 | €108,000 | -€31,934 | -22.8% |
| Financial debts | 170/4 | €138,334 | €108,000 | -€30,334 | -21.9% |
| Other amounts payable | 178/9 | €1,600 | €0 | -€1,600 | -100% |
| Amounts payable within one year | 42/48 | €276,122 | €293,597 | +€17,475 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €32,000 | €30,334 | -€1,666 | -5.2% |
| Financial debts | 43 | €0 | €7,072 | +€7,072 | |
| Credit institutions | 430/8 | €0 | €7,072 | +€7,072 | |
| Trade debts | 44 | €8,540 | €9,989 | +€1,449 | +17.0% |
| Suppliers | 440/4 | €8,540 | €9,989 | +€1,449 | +17.0% |
| Advances received on contracts in progress | 46 | €593 | €0 | -€593 | -100% |
| Taxes, remuneration and social security | 45 | €9,832 | €11,135 | +€1,304 | +13.3% |
| Taxes | 450/3 | €9,832 | €11,135 | +€1,304 | +13.3% |
| Other amounts payable | 47/48 | €225,157 | €235,067 | +€9,910 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,738 | €41,182 | -€556 | -1.3% |
| Other operating charges | 640/8 | €5,737 | €13,794 | +€8,057 | +140% |
| Gross operating margin | 9900 | €106,663 | €126,573 | +€19,910 | +18.7% |
| Operating profit (loss) | 9901 | €59,188 | €71,597 | +€12,409 | +21.0% |
| Financial income | 75/76B | €510 | €2,265 | +€1,756 | +345% |
| Recurring financial income | 75 | €510 | €2,265 | +€1,756 | +345% |
| Financial charges | 65/66B | €21,311 | €23,459 | +€2,147 | +10.1% |
| Recurring financial charges | 65 | €21,311 | €23,459 | +€2,147 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €38,386 | €50,404 | +€12,018 | +31.3% |
| Income taxes | 67/77 | €9,256 | €17,439 | +€8,182 | +88.4% |
| Profit (loss) for the period | 9904 | €29,130 | €32,965 | +€3,835 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,130 | €32,965 | +€3,835 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.