PLEA: what changed
Two fiscal 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.
PLEA
Largest movements
- Cash +€63,204
up €63,204 (+33.7%), from €187,340 to €250,544
mainly Net result for the year (+€153,068) and Other debts (+€70,232)
- Receivables within one year +€49,130
up €49,130 (+25.4%), from €193,728 to €242,858
- Tangible fixed assets -€14,932
down €14,932 (-5.8%), from €255,575 to €240,644
of which Other tangible fixed assets: -€10,330
- Other debts +€70,232
up €70,232 (+105.2%), from €66,768 to €137,000
- Reserves +€16,068
up €16,068 (+28.5%), from €56,472 to €72,540
- Trade debts +€8,221
up €8,221 (+261.3%), from €3,146 to €11,367
- Tax, wage and social debts +€7,753
up €7,753 (+13.7%), from €56,731 to €64,484
- Gross operating margin +€39,987
up €39,987 (+22.2%), from €179,866 to €219,854
- Taxes +€8,374
up €8,374 (+18.5%), from €45,142 to €53,516
- Financial charges -€4,154
down €4,154 (-88.8%), from €4,676 to €523
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 | €637,696 | €735,102 | +€97,406 | +15.3% |
| Fixed assets | 21/28 | €255,575 | €240,644 | -€14,932 | -5.8% |
| Tangible fixed assets | 22/27 | €255,575 | €240,644 | -€14,932 | -5.8% |
| Plant, machinery and equipment | 23 | €1,096 | €818 | -€277 | -25.3% |
| Furniture and vehicles | 24 | €13,813 | €9,489 | -€4,324 | -31.3% |
| Other tangible fixed assets | 26 | €240,667 | €230,337 | -€10,330 | -4.3% |
| Current assets | 29/58 | €382,121 | €494,458 | +€112,337 | +29.4% |
| Amounts receivable within one year | 40/41 | €193,728 | €242,858 | +€49,130 | +25.4% |
| Other amounts receivable | 41 | €193,728 | €242,858 | +€49,130 | +25.4% |
| Cash at bank and in hand | 54/58 | €187,340 | €250,544 | +€63,204 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,056 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €637,696 | €735,102 | +€97,406 | +15.3% |
| Equity | 10/15 | €499,809 | €515,877 | +€16,068 | +3.2% |
| Contributions | 10/11 | €352,000 | €352,000 | = | 0.0% |
| Reserves | 13 | €56,472 | €72,540 | +€16,068 | +28.5% |
| Distributable reserves | 133 | €56,472 | €72,540 | +€16,068 | +28.5% |
| Profit (loss) carried forward | 14 | €91,337 | €91,337 | = | 0.0% |
| Amounts payable | 17/49 | €137,887 | €219,225 | +€81,338 | +59.0% |
| Amounts payable after more than one year | 17 | €6,374 | €937 | -€5,437 | -85.3% |
| Financial debts | 170/4 | €6,374 | €937 | -€5,437 | -85.3% |
| Amounts payable within one year | 42/48 | €131,514 | €218,288 | +€86,775 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €4,868 | €5,437 | +€569 | +11.7% |
| Trade debts | 44 | €3,146 | €11,367 | +€8,221 | +261.3% |
| Suppliers | 440/4 | €3,146 | €11,367 | +€8,221 | +261.3% |
| Taxes, remuneration and social security | 45 | €56,731 | €64,484 | +€7,753 | +13.7% |
| Taxes | 450/3 | €56,731 | €64,484 | +€7,753 | +13.7% |
| Other amounts payable | 47/48 | €66,768 | €137,000 | +€70,232 | +105.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,889 | €14,932 | +€43 | +0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €179,866 | €219,854 | +€39,987 | +22.2% |
| Operating profit (loss) | 9901 | €164,590 | €204,522 | +€39,933 | +24.3% |
| Financial income | 75/76B | €1,331 | €2,584 | +€1,253 | +94.1% |
| Recurring financial income | 75 | €1,331 | €2,584 | +€1,253 | +94.1% |
| Financial charges | 65/66B | €4,676 | €523 | -€4,154 | -88.8% |
| Recurring financial charges | 65 | €4,676 | €523 | -€4,154 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €161,245 | €206,584 | +€45,339 | +28.1% |
| Income taxes | 67/77 | €45,142 | €53,516 | +€8,374 | +18.5% |
| Profit (loss) for the period | 9904 | €116,103 | €153,068 | +€36,965 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,103 | €153,068 | +€36,965 | +31.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.