PLE: 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.
What changed
PLE
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€147,491
2025 · €98,585+€48,906
Equity
€824,934
2025 · €677,443+€147,491
Cash
€750
2025 · €61,954-€61,204
Balance sheet total
€8.1m
2025 · €7.5m+€531,294
Largest movements
Assets
- Deferred charges and accrued income +€304,129
up €304,129 (+3,694%), from €8,234 to €312,363
- Receivables after one year +€272,200
up €272,200 (+8.3%), from €3.3m to €3.6m
Equity and liabilities
- Debts after one year +€347,547
up €347,547 (+5.3%), from €6.6m to €6.9m
- Profit (loss) carried forward +€147,491
up €147,491 (+6.9%), from -€2.2m to -€2.0m
Income statement
- Financial charges -€29,314
down €29,314 (-9.4%), from €311,403 to €282,090
- Financial income +€24,512
up €24,512 (+25.1%), from €97,810 to €122,322
- Gross operating margin -€5,486
down €5,486 (-1.3%), from €437,909 to €432,423
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.
Result 2025
€98,585
Gross operating margin
-€5,486
Other operating charges
+€566
Financial income
+€24,512
Financial charges
+€29,314
Result 2026
€147,491
raises the resultlowers the result
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.
From operations
-€275,703
Investment
-€134,002
Financing
+€348,501
Cash 2025
€61,954
From operations (derived)
-€275,703
Net result for the year
+€147,491
Depreciation
+€117,829
Receivables after one year
-€272,200
Smaller working-capital items
-€20
Deferred charges and accrued income
-€304,129
Accrued charges and deferred income
+€35,326
Investment (derived)
-€134,002
Investment in fixed assets (net)
-€134,002
Financing
+€348,501
Debts after one year
+€347,547
Current portion of long-term debt
+€954
Cash 2026
€750
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,524,612 | €8,055,906 | +€531,294 | +7.1% |
| Fixed assets | 21/28 | €4,156,545 | €4,172,718 | +€16,173 | +0.4% |
| Tangible fixed assets | 22/27 | €4,156,545 | €4,172,718 | +€16,173 | +0.4% |
| Land and buildings | 22 | €4,156,545 | €4,172,718 | +€16,173 | +0.4% |
| Current assets | 29/58 | €3,368,068 | €3,883,188 | +€515,121 | +15.3% |
| Amounts receivable after more than one year | 29 | €3,297,800 | €3,570,000 | +€272,200 | +8.3% |
| Other amounts receivable | 291 | €3,297,800 | €3,570,000 | +€272,200 | +8.3% |
| Amounts receivable within one year | 40/41 | €80 | €76 | -€4 | -5.3% |
| Other amounts receivable | 41 | €80 | €76 | -€4 | -5.3% |
| Cash at bank and in hand | 54/58 | €61,954 | €750 | -€61,204 | -98.8% |
| Deferred charges and accrued income | 490/1 | €8,234 | €312,363 | +€304,129 | +3,694% |
| Total equity and liabilities | 10/49 | €7,524,612 | €8,055,906 | +€531,294 | +7.1% |
| Equity | 10/15 | €677,443 | €824,934 | +€147,491 | +21.8% |
| Contributions | 10/11 | €2,828,683 | €2,828,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,151,240 | -€2,003,749 | +€147,491 | +6.9% |
| Amounts payable | 17/49 | €6,847,169 | €7,230,972 | +€383,803 | +5.6% |
| Amounts payable after more than one year | 17 | €6,595,210 | €6,942,757 | +€347,547 | +5.3% |
| Financial debts | 170/4 | €6,595,210 | €6,942,757 | +€347,547 | +5.3% |
| Amounts payable within one year | 42/48 | €251,959 | €252,889 | +€930 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €251,499 | €252,453 | +€954 | +0.4% |
| Trade debts | 44 | €460 | €436 | -€24 | -5.3% |
| Suppliers | 440/4 | €460 | €436 | -€24 | -5.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €35,326 | +€35,326 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,829 | €117,829 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,727 | €6,727 | = | 0.0% |
| Other operating charges | 640/8 | €1,175 | €609 | -€566 | -48.2% |
| Gross operating margin | 9900 | €437,909 | €432,423 | -€5,486 | -1.3% |
| Operating profit (loss) | 9901 | €312,178 | €307,258 | -€4,920 | -1.6% |
| Financial income | 75/76B | €97,810 | €122,322 | +€24,512 | +25.1% |
| Recurring financial income | 75 | €97,810 | €122,322 | +€24,512 | +25.1% |
| Financial charges | 65/66B | €311,403 | €282,090 | -€29,314 | -9.4% |
| Recurring financial charges | 65 | €311,403 | €282,090 | -€29,314 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €98,585 | €147,491 | +€48,906 | +49.6% |
| Profit (loss) for the period | 9904 | €98,585 | €147,491 | +€48,906 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,585 | €147,491 | +€48,906 | +49.6% |
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 14 October 2026 via checked.be.