PLC programming: 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.
PLC programming
Largest movements
- Tangible fixed assets -€18,145
down €18,145 (-22.8%), from €79,558 to €61,413
of which Furniture and vehicles: -€16,676
- Cash +€14,462
up €14,462 (+70.4%), from €20,543 to €35,005
mainly Net result for the year (+€29,164) and Depreciation (+€21,267)
- Receivables after one year -€8,766
down €8,766 (-24.0%), from €36,456 to €27,690
of which Other amounts receivable: -€8,766
- Receivables within one year -€2,395
down €2,395 (-9.0%), from €26,658 to €24,263
of which Trade receivables: -€6,094
- Other debts -€21,552
down €21,552 (-73.2%), from €29,443 to €7,891
- Reserves +€20,725
up €20,725 (+32.9%), from €62,924 to €83,649
of which Distributable reserves: +€22,446
- Debts after one year -€15,177
down €15,177 (-45.1%), from €33,628 to €18,451
- Depreciation +€2,620
up €2,620 (+14.0%), from €18,647 to €21,267
- Taxes +€708
up €708 (+5.4%), from €13,204 to €13,912
- Gross operating margin -€703
down €703 (-1.0%), from €67,890 to €67,186
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 | €164,843 | €149,296 | -€15,546 | -9.4% |
| Fixed assets | 21/28 | €80,328 | €61,417 | -€18,911 | -23.5% |
| Intangible fixed assets | 21 | €770 | €4 | -€766 | -99.4% |
| Tangible fixed assets | 22/27 | €79,558 | €61,413 | -€18,145 | -22.8% |
| Plant, machinery and equipment | 23 | €3,249 | €2,321 | -€929 | -28.6% |
| Furniture and vehicles | 24 | €74,673 | €57,997 | -€16,676 | -22.3% |
| Other tangible fixed assets | 26 | €1,636 | €1,095 | -€540 | -33.0% |
| Current assets | 29/58 | €84,515 | €87,879 | +€3,365 | +4.0% |
| Amounts receivable after more than one year | 29 | €36,456 | €27,690 | -€8,766 | -24.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €36,456 | €27,690 | -€8,766 | -24.0% |
| Amounts receivable within one year | 40/41 | €26,658 | €24,263 | -€2,395 | -9.0% |
| Trade receivables | 40 | €26,658 | €20,563 | -€6,094 | -22.9% |
| Other amounts receivable | 41 | €0 | €3,700 | +€3,700 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,543 | €35,005 | +€14,462 | +70.4% |
| Deferred charges and accrued income | 490/1 | €858 | €921 | +€63 | +7.4% |
| Total equity and liabilities | 10/49 | €164,843 | €149,296 | -€15,546 | -9.4% |
| Equity | 10/15 | €69,124 | €89,849 | +€20,725 | +30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,924 | €83,649 | +€20,725 | +32.9% |
| Non-distributable reserves | 130/1 | €1,721 | €0 | -€1,721 | -100.0% |
| Reserves not available under the articles | 1311 | €1,721 | €0 | -€1,721 | -100.0% |
| Distributable reserves | 133 | €61,203 | €83,649 | +€22,446 | +36.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,718 | €59,447 | -€36,271 | -37.9% |
| Amounts payable after more than one year | 17 | €33,628 | €18,451 | -€15,177 | -45.1% |
| Financial debts | 170/4 | €33,628 | €18,451 | -€15,177 | -45.1% |
| Amounts payable within one year | 42/48 | €62,090 | €40,997 | -€21,094 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €14,612 | €15,177 | +€565 | +3.9% |
| Trade debts | 44 | €486 | €837 | +€351 | +72.1% |
| Suppliers | 440/4 | €486 | €837 | +€351 | +72.1% |
| Taxes, remuneration and social security | 45 | €17,549 | €17,092 | -€458 | -2.6% |
| Taxes | 450/3 | €17,549 | €17,092 | -€458 | -2.6% |
| Other amounts payable | 47/48 | €29,443 | €7,891 | -€21,552 | -73.2% |
| Non-recurring operating income | 76A | €12,220 | €0 | -€12,220 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,647 | €21,267 | +€2,620 | +14.0% |
| Other operating charges | 640/8 | €1,417 | €1,362 | -€55 | -3.9% |
| Gross operating margin | 9900 | €67,890 | €67,186 | -€703 | -1.0% |
| Operating profit (loss) | 9901 | €47,826 | €44,558 | -€3,268 | -6.8% |
| Financial income | 75/76B | €1,174 | €948 | -€226 | -19.3% |
| Recurring financial income | 75 | €1,174 | €948 | -€226 | -19.3% |
| Financial charges | 65/66B | €2,979 | €2,430 | -€549 | -18.4% |
| Recurring financial charges | 65 | €2,979 | €2,430 | -€549 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €46,021 | €43,076 | -€2,945 | -6.4% |
| Income taxes | 67/77 | €13,204 | €13,912 | +€708 | +5.4% |
| Profit (loss) for the period | 9904 | €32,817 | €29,164 | -€3,653 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,817 | €29,164 | -€3,653 | -11.1% |
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 11 October 2026 via checked.be.