PLGA: 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.
PLGA
Largest movements
- Financial fixed assets +€17.0m
up €17.0m (+4,683,196%), from €363 to €17.0m
- Current investments -€9.8m
down €9.8m (-40.7%), from €24.0m to €14.2m
- Cash -€4.5m
down €4.5m (-24.1%), from €18.6m to €14.1m
mainly Investment in fixed assets (net) (-€17.0m) and Short-term financial debts (-€520,200)
- Receivables within one year -€2.6m
down €2.6m (-6.9%), from €37.6m to €35.0m
of which Other amounts receivable: -€2.6m
- Debts after one year +€1.0m
up €1.0m (+5.9%), from €17.0m to €18.0m
- Financial income -€676,391
down €676,391 (-39.4%), from €1.7m to €1.0m
- Taxes -€92,077
down €92,077 (-48.1%), from €191,555 to €99,477
- Gross operating margin +€50,002
up €50,002 (+48.4%), from -€103,387 to -€53,385
- Financial charges +€23,596
up €23,596 (+2.9%), from €813,009 to €836,605
- Staff costs +€15,165
up €15,165 (+50.2%), from €30,227 to €45,392
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 | €80,216,257 | €80,370,298 | +€154,042 | +0.2% |
| Fixed assets | 21/28 | €28,363 | €17,033,163 | +€17.0m | +59,954% |
| Tangible fixed assets | 22/27 | €28,000 | €32,800 | +€4,800 | +17.1% |
| Furniture and vehicles | 24 | €28,000 | €32,800 | +€4,800 | +17.1% |
| Financial fixed assets | 28 | €363 | €17,000,363 | +€17.0m | +4,683,196% |
| Current assets | 29/58 | €80,187,894 | €63,337,135 | -€16.9m | -21.0% |
| Amounts receivable within one year | 40/41 | €37,585,414 | €34,991,057 | -€2.6m | -6.9% |
| Trade receivables | 40 | €11,100 | €11,100 | = | 0.0% |
| Other amounts receivable | 41 | €37,574,314 | €34,979,957 | -€2.6m | -6.9% |
| Current investments | 50/53 | €23,995,012 | €14,224,440 | -€9.8m | -40.7% |
| Cash at bank and in hand | 54/58 | €18,607,468 | €14,121,095 | -€4.5m | -24.1% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €80,216,257 | €80,370,298 | +€154,042 | +0.2% |
| Equity | 10/15 | €43,222,932 | €43,227,789 | +€4,858 | 0.0% |
| Contributions | 10/11 | €40,000,000 | €40,000,000 | = | 0.0% |
| Capital | 10 | €40,000,000 | €40,000,000 | = | 0.0% |
| Issued capital | 100 | €40,000,000 | €40,000,000 | = | 0.0% |
| Reserves | 13 | €36,667 | €36,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,667 | €36,667 | = | 0.0% |
| Legal reserve | 130 | €36,667 | €36,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,186,265 | €3,191,122 | +€4,858 | +0.2% |
| Amounts payable | 17/49 | €36,993,325 | €37,142,509 | +€149,184 | +0.4% |
| Amounts payable after more than one year | 17 | €17,000,000 | €18,000,000 | +€1.0m | +5.9% |
| Financial debts | 170/4 | €17,000,000 | €18,000,000 | +€1.0m | +5.9% |
| Amounts payable within one year | 42/48 | €19,993,325 | €19,142,509 | -€850,816 | -4.3% |
| Financial debts | 43 | €19,612,221 | €19,092,021 | -€520,200 | -2.7% |
| Credit institutions | 430/8 | €19,612,221 | €19,092,021 | -€520,200 | -2.7% |
| Trade debts | 44 | €88,146 | €28,072 | -€60,074 | -68.2% |
| Suppliers | 440/4 | €88,146 | €28,072 | -€60,074 | -68.2% |
| Taxes, remuneration and social security | 45 | €145,953 | €22,416 | -€123,537 | -84.6% |
| Taxes | 450/3 | €142,800 | €19,095 | -€123,705 | -86.6% |
| Remuneration and social security | 454/9 | €3,153 | €3,321 | +€168 | +5.3% |
| Other amounts payable | 47/48 | €147,004 | - | -€147,004 | |
| Remuneration, social security and pensions | 62 | €30,227 | €45,392 | +€15,165 | +50.2% |
| Gross operating margin | 9900 | -€103,387 | -€53,385 | +€50,002 | +48.4% |
| Operating profit (loss) | 9901 | -€133,614 | -€98,778 | +€34,837 | +26.1% |
| Financial income | 75/76B | €1,716,109 | €1,039,718 | -€676,391 | -39.4% |
| Recurring financial income | 75 | €1,716,109 | €1,039,718 | -€676,391 | -39.4% |
| Financial charges | 65/66B | €813,009 | €836,605 | +€23,596 | +2.9% |
| Recurring financial charges | 65 | €813,009 | €836,605 | +€23,596 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €769,486 | €104,335 | -€665,151 | -86.4% |
| Income taxes | 67/77 | €191,555 | €99,477 | -€92,077 | -48.1% |
| Profit (loss) for the period | 9904 | €577,931 | €4,858 | -€573,073 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €577,931 | €4,858 | -€573,073 | -99.2% |
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 24 October 2026 via checked.be.