PLB UNITED: 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 UNITED
Largest movements
- Stocks and contracts +€98,390
up €98,390 (+530%), from €18,550 to €116,940
- Cash -€60,893
down €60,893 (-63.4%), from €96,109 to €35,216
mainly Stocks and contracts (-€98,390) and Receivables within one year (-€14,585)
- Receivables within one year +€14,585
up €14,585 (+28.8%), from €50,596 to €65,180
of which Trade receivables: +€15,185
- Tangible fixed assets -€6,317
down €6,317 (-44.5%), from €14,193 to €7,875
- Trade debts +€25,235
up €25,235 (+21.9%), from €115,367 to €140,602
- Profit (loss) carried forward +€12,131
up €12,131 (+406%), from €2,990 to €15,121
- Other debts +€4,969
up €4,969 (+16.4%), from €30,284 to €35,253
- Tax, wage and social debts +€4,236
new in 2026: €4,236
- Financial charges -€8,532
down €8,532 (-80.5%), from €10,596 to €2,064
- Gross operating margin +€4,826
up €4,826 (+32.9%), from €14,674 to €19,500
- Taxes +€3,208
up €3,208 (+312%), from €1,028 to €4,236
- Financial income +€2,866
up €2,866 (+94.7%), from €3,027 to €5,892
- Other operating charges +€428
up €428 (+199%), from €216 to €644
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,447 | €225,211 | +€45,764 | +25.5% |
| Fixed assets | 21/28 | €14,193 | €7,875 | -€6,317 | -44.5% |
| Tangible fixed assets | 22/27 | €14,193 | €7,875 | -€6,317 | -44.5% |
| Furniture and vehicles | 24 | €14,193 | €7,875 | -€6,317 | -44.5% |
| Current assets | 29/58 | €165,254 | €217,336 | +€52,081 | +31.5% |
| Stocks and contracts in progress | 3 | €18,550 | €116,940 | +€98,390 | +530% |
| Stocks | 30/36 | €18,550 | €116,940 | +€98,390 | +530% |
| Amounts receivable within one year | 40/41 | €50,596 | €65,180 | +€14,585 | +28.8% |
| Trade receivables | 40 | €49,715 | €64,900 | +€15,185 | +30.5% |
| Other amounts receivable | 41 | €881 | €280 | -€600 | -68.2% |
| Cash at bank and in hand | 54/58 | €96,109 | €35,216 | -€60,893 | -63.4% |
| Total equity and liabilities | 10/49 | €179,447 | €225,211 | +€45,764 | +25.5% |
| Equity | 10/15 | €32,990 | €45,121 | +€12,131 | +36.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,990 | €15,121 | +€12,131 | +406% |
| Amounts payable | 17/49 | €146,457 | €180,090 | +€33,633 | +23.0% |
| Amounts payable within one year | 42/48 | €146,457 | €180,090 | +€33,633 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €807 | - | -€807 | |
| Trade debts | 44 | €115,367 | €140,602 | +€25,235 | +21.9% |
| Suppliers | 440/4 | €115,367 | €140,602 | +€25,235 | +21.9% |
| Taxes, remuneration and social security | 45 | - | €4,236 | +€4,236 | |
| Taxes | 450/3 | - | €4,236 | +€4,236 | |
| Other amounts payable | 47/48 | €30,284 | €35,253 | +€4,969 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,317 | €6,317 | -€0 | 0.0% |
| Other operating charges | 640/8 | €216 | €644 | +€428 | +199% |
| Gross operating margin | 9900 | €14,674 | €19,500 | +€4,826 | +32.9% |
| Operating profit (loss) | 9901 | €8,141 | €12,538 | +€4,398 | +54.0% |
| Financial income | 75/76B | €3,027 | €5,892 | +€2,866 | +94.7% |
| Recurring financial income | 75 | €3,027 | €5,892 | +€2,866 | +94.7% |
| Financial charges | 65/66B | €10,596 | €2,064 | -€8,532 | -80.5% |
| Recurring financial charges | 65 | €10,596 | €2,064 | -€8,532 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €571 | €16,366 | +€15,795 | +2,765% |
| Income taxes | 67/77 | €1,028 | €4,236 | +€3,208 | +312% |
| Profit (loss) for the period | 9904 | -€456 | €12,131 | +€12,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€456 | €12,131 | +€12,587 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.