PLD: 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.
PLD
Largest movements
- Cash +€418,939
up €418,939 (+30.1%), from €1.4m to €1.8m
mainly Net result for the year (+€468,377) and Depreciation (+€17,183)
- Reserves +€468,377
up €468,377 (+17.3%), from €2.7m to €3.2m
of which Distributable reserves: +€468,377
- Tax, wage and social debts -€45,999
down €45,999 (-34.2%), from €134,478 to €88,479
- Financial income -€9,292
down €9,292 (-1.8%), from €529,222 to €519,930
- Financial charges -€5,859
down €5,859 (-87.2%), from €6,716 to €857
- Taxes +€625
up €625 (+1.2%), from €51,286 to €51,911
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 | €2,900,579 | €3,323,339 | +€422,759 | +14.6% |
| Fixed assets | 21/28 | €1,507,389 | €1,490,206 | -€17,183 | -1.1% |
| Tangible fixed assets | 22/27 | €114,889 | €97,706 | -€17,183 | -15.0% |
| Land and buildings | 22 | €114,889 | €97,706 | -€17,183 | -15.0% |
| Financial fixed assets | 28 | €1,392,500 | €1,392,500 | = | 0.0% |
| Current assets | 29/58 | €1,393,191 | €1,833,133 | +€439,942 | +31.6% |
| Amounts receivable within one year | 40/41 | - | €3,768 | +€3,768 | |
| Other amounts receivable | 41 | - | €3,768 | +€3,768 | |
| Cash at bank and in hand | 54/58 | €1,393,191 | €1,812,130 | +€418,939 | +30.1% |
| Deferred charges and accrued income | 490/1 | - | €17,235 | +€17,235 | |
| Total equity and liabilities | 10/49 | €2,900,579 | €3,323,339 | +€422,759 | +14.6% |
| Equity | 10/15 | €2,745,119 | €3,213,496 | +€468,377 | +17.1% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €2,713,119 | €3,181,496 | +€468,377 | +17.3% |
| Non-distributable reserves | 130/1 | €3,200 | €3,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €2,709,919 | €3,178,296 | +€468,377 | +17.3% |
| Amounts payable | 17/49 | €155,461 | €109,843 | -€45,618 | -29.3% |
| Amounts payable within one year | 42/48 | €155,461 | €109,843 | -€45,618 | -29.3% |
| Trade debts | 44 | €275 | €289 | +€14 | +5.0% |
| Suppliers | 440/4 | €275 | €289 | +€14 | +5.0% |
| Taxes, remuneration and social security | 45 | €134,478 | €88,479 | -€45,999 | -34.2% |
| Taxes | 450/3 | €134,478 | €88,479 | -€45,999 | -34.2% |
| Other amounts payable | 47/48 | €20,708 | €21,075 | +€368 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,183 | €17,183 | = | 0.0% |
| Other operating charges | 640/8 | €2,676 | €2,762 | +€87 | +3.2% |
| Gross operating margin | 9900 | €21,246 | €21,161 | -€85 | -0.4% |
| Operating profit (loss) | 9901 | €1,387 | €1,216 | -€172 | -12.4% |
| Financial income | 75/76B | €529,222 | €519,930 | -€9,292 | -1.8% |
| Recurring financial income | 75 | €529,222 | €519,930 | -€9,292 | -1.8% |
| Financial charges | 65/66B | €6,716 | €857 | -€5,859 | -87.2% |
| Recurring financial charges | 65 | €6,716 | €857 | -€5,859 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €523,893 | €520,288 | -€3,605 | -0.7% |
| Income taxes | 67/77 | €51,286 | €51,911 | +€625 | +1.2% |
| Profit (loss) for the period | 9904 | €472,607 | €468,377 | -€4,230 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €472,607 | €468,377 | -€4,230 | -0.9% |
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 13 October 2026 via checked.be.