PLB: 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.
PLB
Largest movements
- Tangible fixed assets -€22,842
down €22,842 (-13.1%), from €174,517 to €151,675
of which Land and buildings: -€13,177
- Cash -€10,497
down €10,497 (-43.7%), from €24,007 to €13,510
mainly Net result for the year (-€22,796) and Debts after one year (-€18,068)
- Receivables within one year +€3,047
up €3,047 (+6.4%), from €47,941 to €50,988
of which Trade receivables: +€7,237
- Profit (loss) carried forward -€19,796
down €19,796, from €5,121 to -€14,675
- Debts after one year -€18,068
down €18,068 (-25.7%), from €70,236 to €52,168
- Trade debts +€12,909
up €12,909 (+108%), from €11,983 to €24,892
- Current portion of long-term debt -€3,318
down €3,318 (-15.5%), from €21,386 to €18,068
- Reserves -€3,000
down €3,000 (-3.7%), from €80,535 to €77,535
- Gross operating margin -€24,547
down €24,547 (-29.5%), from €83,268 to €58,721
- Depreciation +€3,386
up €3,386 (+17.4%), from €19,456 to €22,842
- Taxes -€3,031
down €3,031 (-95.8%), from €3,163 to €132
- Staff costs +€861
up €861 (+2.0%), from €43,064 to €43,925
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 | €265,942 | €235,268 | -€30,674 | -11.5% |
| Fixed assets | 21/28 | €177,192 | €151,850 | -€25,342 | -14.3% |
| Tangible fixed assets | 22/27 | €174,517 | €151,675 | -€22,842 | -13.1% |
| Land and buildings | 22 | €142,859 | €129,682 | -€13,177 | -9.2% |
| Plant, machinery and equipment | 23 | €4,147 | - | -€4,147 | |
| Furniture and vehicles | 24 | €27,511 | €21,993 | -€5,518 | -20.1% |
| Financial fixed assets | 28 | €2,675 | €175 | -€2,500 | -93.5% |
| Current assets | 29/58 | €88,750 | €83,418 | -€5,332 | -6.0% |
| Stocks and contracts in progress | 3 | €16,802 | €17,331 | +€529 | +3.1% |
| Stocks | 30/36 | €16,802 | €17,331 | +€529 | +3.1% |
| Amounts receivable within one year | 40/41 | €47,941 | €50,988 | +€3,047 | +6.4% |
| Trade receivables | 40 | €38,515 | €45,752 | +€7,237 | +18.8% |
| Other amounts receivable | 41 | €9,426 | €5,236 | -€4,190 | -44.5% |
| Cash at bank and in hand | 54/58 | €24,007 | €13,510 | -€10,497 | -43.7% |
| Deferred charges and accrued income | 490/1 | - | €1,589 | +€1,589 | |
| Total equity and liabilities | 10/49 | €265,942 | €235,268 | -€30,674 | -11.5% |
| Equity | 10/15 | €115,656 | €92,860 | -€22,796 | -19.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €80,535 | €77,535 | -€3,000 | -3.7% |
| Distributable reserves | 133 | €80,535 | €77,535 | -€3,000 | -3.7% |
| Profit (loss) carried forward | 14 | €5,121 | -€14,675 | -€19,796 | |
| Amounts payable | 17/49 | €150,286 | €142,408 | -€7,878 | -5.2% |
| Amounts payable after more than one year | 17 | €70,236 | €52,168 | -€18,068 | -25.7% |
| Financial debts | 170/4 | €70,236 | €52,168 | -€18,068 | -25.7% |
| Amounts payable within one year | 42/48 | €80,050 | €90,240 | +€10,190 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €21,386 | €18,068 | -€3,318 | -15.5% |
| Trade debts | 44 | €11,983 | €24,892 | +€12,909 | +108% |
| Suppliers | 440/4 | €11,983 | €24,892 | +€12,909 | +108% |
| Taxes, remuneration and social security | 45 | €9,403 | €10,431 | +€1,028 | +10.9% |
| Taxes | 450/3 | €1,100 | €958 | -€142 | -12.9% |
| Remuneration and social security | 454/9 | €8,303 | €9,473 | +€1,170 | +14.1% |
| Other amounts payable | 47/48 | €37,278 | €36,849 | -€429 | -1.2% |
| Non-recurring operating income | 76A | €1,157 | - | -€1,157 | |
| Remuneration, social security and pensions | 62 | €43,064 | €43,925 | +€861 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,456 | €22,842 | +€3,386 | +17.4% |
| Other operating charges | 640/8 | €2,878 | €2,893 | +€15 | +0.5% |
| Non-recurring operating charges | 66A | €1,108 | €7,639 | +€6,531 | +589% |
| Gross operating margin | 9900 | €83,268 | €58,721 | -€24,547 | -29.5% |
| Operating profit (loss) | 9901 | €16,762 | -€18,578 | -€35,340 | |
| Financial charges | 65/66B | €4,144 | €4,086 | -€58 | -1.4% |
| Recurring financial charges | 65 | €4,144 | €4,086 | -€58 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €12,618 | -€22,664 | -€35,282 | |
| Income taxes | 67/77 | €3,163 | €132 | -€3,031 | -95.8% |
| Profit (loss) for the period | 9904 | €9,455 | -€22,796 | -€32,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,455 | -€22,796 | -€32,251 |
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 15 October 2026 via checked.be.