Plies: 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.
Plies
Largest movements
- Receivables within one year -€12,000
down €12,000 (-85.8%), from €13,985 to €1,986
- Tangible fixed assets -€3,188
down €3,188 (-62.8%), from €5,078 to €1,890
of which Furniture and vehicles: -€2,489
- Stocks and contracts -€2,637
down €2,637 (-8.5%), from €30,969 to €28,332
- Deferred charges and accrued income -€1,465
down €1,465 (-26.5%), from €5,536 to €4,071
- Cash +€1,025
up €1,025 (+44.3%), from €2,314 to €3,339
mainly Receivables within one year (+€12,000) and Trade debts (+€4,707)
- Profit (loss) carried forward -€12,519
down €12,519 (-71.2%), from -€17,584 to -€30,103
- Reserves -€9,810
down €9,810 (-32.7%), from €29,989 to €20,179
- Trade debts +€4,707
up €4,707 (+29.3%), from €16,072 to €20,779
- Current portion of long-term debt -€2,923
down €2,923 (-100.0%), from €2,923 to €0
- Short-term financial debts +€2,007
up €2,007 (+25.2%), from €7,954 to €9,961
- Gross operating margin -€6,196
down €6,196 (-1587.7%), from -€390 to -€6,586
- Depreciation -€2,155
down €2,155 (-40.3%), from €5,343 to €3,188
- Other operating charges +€1,037
up €1,037 (+147.4%), from €704 to €1,741
- Financial income -€375
down €375 (-20.6%), from €1,815 to €1,441
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,882 | €39,619 | -€18,264 | -31.6% |
| Fixed assets | 21/28 | €5,078 | €1,890 | -€3,188 | -62.8% |
| Tangible fixed assets | 22/27 | €5,078 | €1,890 | -€3,188 | -62.8% |
| Land and buildings | 22 | €2,212 | €1,680 | -€532 | -24.0% |
| Plant, machinery and equipment | 23 | €17 | €0 | -€17 | -100.0% |
| Furniture and vehicles | 24 | €2,489 | €0 | -€2,489 | -100.0% |
| Other tangible fixed assets | 26 | €360 | €210 | -€150 | -41.6% |
| Current assets | 29/58 | €52,804 | €37,728 | -€15,076 | -28.6% |
| Stocks and contracts in progress | 3 | €30,969 | €28,332 | -€2,637 | -8.5% |
| Stocks | 30/36 | €30,969 | €28,332 | -€2,637 | -8.5% |
| Amounts receivable within one year | 40/41 | €13,985 | €1,986 | -€12,000 | -85.8% |
| Other amounts receivable | 41 | €13,985 | €1,986 | -€12,000 | -85.8% |
| Cash at bank and in hand | 54/58 | €2,314 | €3,339 | +€1,025 | +44.3% |
| Deferred charges and accrued income | 490/1 | €5,536 | €4,071 | -€1,465 | -26.5% |
| Total equity and liabilities | 10/49 | €57,882 | €39,619 | -€18,264 | -31.6% |
| Equity | 10/15 | €22,405 | €76 | -€22,328 | -99.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,989 | €20,179 | -€9,810 | -32.7% |
| Distributable reserves | 133 | €29,989 | €20,179 | -€9,810 | -32.7% |
| Profit (loss) carried forward | 14 | -€17,584 | -€30,103 | -€12,519 | -71.2% |
| Amounts payable | 17/49 | €35,478 | €39,542 | +€4,065 | +11.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,478 | €39,542 | +€4,065 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €2,923 | €0 | -€2,923 | -100.0% |
| Financial debts | 43 | €7,954 | €9,961 | +€2,007 | +25.2% |
| Credit institutions | 430/8 | €7,954 | €9,961 | +€2,007 | +25.2% |
| Trade debts | 44 | €16,072 | €20,779 | +€4,707 | +29.3% |
| Suppliers | 440/4 | €16,072 | €20,779 | +€4,707 | +29.3% |
| Taxes, remuneration and social security | 45 | €8,528 | €8,802 | +€275 | +3.2% |
| Taxes | 450/3 | €8,528 | €8,802 | +€275 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,343 | €3,188 | -€2,155 | -40.3% |
| Other operating charges | 640/8 | €704 | €1,741 | +€1,037 | +147.4% |
| Gross operating margin | 9900 | -€390 | -€6,586 | -€6,196 | -1587.7% |
| Operating profit (loss) | 9901 | -€6,436 | -€11,514 | -€5,078 | -78.9% |
| Financial income | 75/76B | €1,815 | €1,441 | -€375 | -20.6% |
| Recurring financial income | 75 | €1,815 | €1,441 | -€375 | -20.6% |
| Financial charges | 65/66B | €2,200 | €2,260 | +€60 | +2.7% |
| Recurring financial charges | 65 | €2,200 | €2,260 | +€60 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,821 | -€12,333 | -€5,512 | -80.8% |
| Income taxes | 67/77 | €181 | €185 | +€5 | +2.7% |
| Profit (loss) for the period | 9904 | -€7,002 | -€12,519 | -€5,517 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,002 | -€12,519 | -€5,517 | -78.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.