PLINER & PARTNERS: 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.
PLINER & PARTNERS
Largest movements
- Receivables within one year -€121,248
down €121,248 (-67.1%), from €180,689 to €59,440
of which Trade receivables: -€179,080
- Cash -€27,097
down €27,097 (-93.2%), from €29,075 to €1,978
mainly Advances received (-€90,443) and Trade debts (-€47,877)
- Tangible fixed assets -€16,664
down €16,664 (-4.5%), from €371,366 to €354,703
of which Land and buildings: -€10,119
- Advances received -€90,443
no longer reported in 2025 (was €90,443)
- Trade debts -€47,877
down €47,877 (-99.7%), from €48,032 to €155
- Current portion of long-term debt -€29,181
down €29,181 (-41.3%), from €70,682 to €41,502
- Other debts +€27,755
up €27,755 (+820%), from €3,385 to €31,140
- Debts after one year -€20,148
down €20,148 (-5.5%), from €365,570 to €345,422
- Staff costs -€55,490
down €55,490 (-99.7%), from €55,677 to €187
- Gross operating margin -€45,441
down €45,441 (-59.4%), from €76,538 to €31,097
- Financial charges -€15,502
down €15,502 (-44.0%), from €35,205 to €19,703
- Depreciation -€1,585
down €1,585 (-8.3%), from €19,170 to €17,585
- Other operating charges -€1,436
down €1,436 (-49.5%), from €2,904 to €1,468
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 | €581,788 | €416,121 | -€165,667 | -28.5% |
| Fixed assets | 21/28 | €371,366 | €354,703 | -€16,664 | -4.5% |
| Tangible fixed assets | 22/27 | €371,366 | €354,703 | -€16,664 | -4.5% |
| Land and buildings | 22 | €361,719 | €351,600 | -€10,119 | -2.8% |
| Furniture and vehicles | 24 | €9,648 | €3,103 | -€6,545 | -67.8% |
| Current assets | 29/58 | €210,422 | €61,418 | -€149,004 | -70.8% |
| Amounts receivable within one year | 40/41 | €180,689 | €59,440 | -€121,248 | -67.1% |
| Trade receivables | 40 | €180,636 | €1,556 | -€179,080 | -99.1% |
| Other amounts receivable | 41 | €53 | €57,885 | +€57,832 | +109,178% |
| Cash at bank and in hand | 54/58 | €29,075 | €1,978 | -€27,097 | -93.2% |
| Deferred charges and accrued income | 490/1 | €658 | - | -€658 | |
| Total equity and liabilities | 10/49 | €581,788 | €416,121 | -€165,667 | -28.5% |
| Equity | 10/15 | €2,021 | -€5,709 | -€7,730 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,979 | -€67,709 | -€7,730 | -12.9% |
| Amounts payable | 17/49 | €579,767 | €421,830 | -€157,937 | -27.2% |
| Amounts payable after more than one year | 17 | €365,570 | €345,422 | -€20,148 | -5.5% |
| Financial debts | 170/4 | €365,570 | €345,422 | -€20,148 | -5.5% |
| Amounts payable within one year | 42/48 | €212,677 | €76,212 | -€136,465 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €70,682 | €41,502 | -€29,181 | -41.3% |
| Trade debts | 44 | €48,032 | €155 | -€47,877 | -99.7% |
| Suppliers | 440/4 | €48,032 | €155 | -€47,877 | -99.7% |
| Advances received on contracts in progress | 46 | €90,443 | - | -€90,443 | |
| Taxes, remuneration and social security | 45 | €135 | €3,415 | +€3,280 | +2,421% |
| Taxes | 450/3 | €135 | €2,215 | +€2,080 | +1,535% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €3,385 | €31,140 | +€27,755 | +820% |
| Accrued charges and deferred income | 492/3 | €1,520 | €196 | -€1,324 | -87.1% |
| Remuneration, social security and pensions | 62 | €55,677 | €187 | -€55,490 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,170 | €17,585 | -€1,585 | -8.3% |
| Other operating charges | 640/8 | €2,904 | €1,468 | -€1,436 | -49.5% |
| Gross operating margin | 9900 | €76,538 | €31,097 | -€45,441 | -59.4% |
| Operating profit (loss) | 9901 | -€1,213 | €11,857 | +€13,070 | |
| Financial income | 75/76B | €4 | €258 | +€254 | +7,059% |
| Recurring financial income | 75 | €4 | €258 | +€254 | +7,059% |
| Financial charges | 65/66B | €35,205 | €19,703 | -€15,502 | -44.0% |
| Recurring financial charges | 65 | €35,205 | €19,703 | -€15,502 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,415 | -€7,588 | +€28,827 | +79.2% |
| Income taxes | 67/77 | €135 | €143 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€36,550 | -€7,730 | +€28,820 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,550 | -€7,730 | +€28,820 | +78.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.