PLINIUS: 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
PLINIUS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€45,969
2024 · €56,875-€10,906
Equity
€6.9m
2024 · €6.8m+€73,483
Cash
€64,591
2024 · €50,774+€13,817
Balance sheet total
€10.3m
2024 · €9.9m+€374,456
Largest movements
Assets
- Receivables within one year +€436,801
up €436,801 (+143%), from €305,960 to €742,761
of which Other amounts receivable: +€251,807
- Receivables after one year -€149,723
down €149,723 (-16.2%), from €924,588 to €774,865
Equity and liabilities
- Trade debts +€400,055
up €400,055 (+324%), from €123,482 to €523,536
- Debts after one year -€138,333
down €138,333 (-14.9%), from €929,771 to €791,438
Income statement
- Services and other goods +€157,551
up €157,551 (+31.2%), from €505,471 to €663,022
- Other operating income +€151,749
up €151,749 (+33.2%), from €456,974 to €608,723
- Turnover +€16,435
up €16,435 (+15.0%), from €109,223 to €125,658
- Depreciation +€8,653
up €8,653 (+2.3%), from €375,433 to €384,086
- Financial income +€3,468
up €3,468 (+1.2%), from €293,749 to €297,217
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.
Result 2024
€56,875
Turnover
+€16,435
Other operating income
+€151,749
Goods and materials
+€233
Services and other goods
-€157,551
Depreciation
-€8,653
Other operating charges
+€790
Other operating items
-€19,930
Financial income
+€3,468
Financial charges
+€949
Deferred taxes and other
+€1,605
Result 2025
€45,969
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€534,913
Investment
-€412,019
Financing
-€109,077
Cash 2024
€50,774
From operations (derived)
+€534,913
Net result for the year
+€45,969
Depreciation
+€384,086
Receivables after one year
+€149,723
Smaller working-capital items
-€447
Receivables within one year
-€436,801
Deferred charges and accrued income
-€45,646
Provisions
+€9,171
Trade debts
+€400,055
Tax, wage and social debts
-€13,227
Advances received
+€42,030
Investment (derived)
-€412,019
Investment in fixed assets (net)
-€412,019
Financing
-€109,077
Debts after one year
-€138,333
Current portion of long-term debt
+€1,743
Contributions, distributions and other
+€27,513
Cash 2025
€64,591
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,927,985 | €10,302,441 | +€374,456 | +3.8% |
| Fixed assets | 21/28 | €8,639,502 | €8,667,434 | +€27,933 | +0.3% |
| Tangible fixed assets | 22/27 | €8,639,502 | €8,667,434 | +€27,933 | +0.3% |
| Land and buildings | 22 | €8,624,630 | €8,655,529 | +€30,899 | +0.4% |
| Plant, machinery and equipment | 23 | €4,241 | €2,725 | -€1,516 | -35.7% |
| Other tangible fixed assets | 26 | €10,631 | €9,181 | -€1,450 | -13.6% |
| Current assets | 29/58 | €1,288,484 | €1,635,006 | +€346,523 | +26.9% |
| Amounts receivable after more than one year | 29 | €924,588 | €774,865 | -€149,723 | -16.2% |
| Trade receivables | 290 | €924,588 | €774,865 | -€149,723 | -16.2% |
| Stocks and contracts in progress | 3 | €19 | - | -€19 | |
| Stocks | 30/36 | €19 | - | -€19 | |
| Goods purchased for resale | 34 | €19 | - | -€19 | |
| Amounts receivable within one year | 40/41 | €305,960 | €742,761 | +€436,801 | +143% |
| Trade receivables | 40 | €141,590 | €326,584 | +€184,994 | +131% |
| Other amounts receivable | 41 | €164,370 | €416,177 | +€251,807 | +153% |
| Cash at bank and in hand | 54/58 | €50,774 | €64,591 | +€13,817 | +27.2% |
| Deferred charges and accrued income | 490/1 | €7,144 | €52,789 | +€45,646 | +639% |
| Total equity and liabilities | 10/49 | €9,927,985 | €10,302,441 | +€374,456 | +3.8% |
| Equity | 10/15 | €6,815,293 | €6,888,776 | +€73,483 | +1.1% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €317,086 | €363,055 | +€45,969 | +14.5% |
| Non-distributable reserves | 130/1 | €15,854 | €18,153 | +€2,298 | +14.5% |
| Legal reserve | 130 | €15,854 | €18,153 | +€2,298 | +14.5% |
| Distributable reserves | 133 | €301,231 | €344,902 | +€43,671 | +14.5% |
| Investment grants | 15 | €5,698,208 | €5,725,721 | +€27,513 | +0.5% |
| Provisions and deferred taxes | 16 | €1,899,333 | €1,908,504 | +€9,171 | +0.5% |
| Deferred taxes | 168 | €1,899,333 | €1,908,504 | +€9,171 | +0.5% |
| Amounts payable | 17/49 | €1,213,359 | €1,505,161 | +€291,802 | +24.0% |
| Amounts payable after more than one year | 17 | €929,771 | €791,438 | -€138,333 | -14.9% |
| Financial debts | 170/4 | €929,771 | €791,438 | -€138,333 | -14.9% |
| Credit institutions | 173 | €929,771 | €791,438 | -€138,333 | -14.9% |
| Amounts payable within one year | 42/48 | €273,301 | €703,901 | +€430,601 | +158% |
| Current portion of amounts payable after more than one year | 42 | €136,590 | €138,333 | +€1,743 | +1.3% |
| Trade debts | 44 | €123,482 | €523,536 | +€400,055 | +324% |
| Suppliers | 440/4 | €123,482 | €523,536 | +€400,055 | +324% |
| Advances received on contracts in progress | 46 | - | €42,030 | +€42,030 | |
| Taxes, remuneration and social security | 45 | €13,229 | €2 | -€13,227 | -100.0% |
| Taxes | 450/3 | €13,229 | €2 | -€13,227 | -100.0% |
| Accrued charges and deferred income | 492/3 | €10,288 | €9,822 | -€466 | -4.5% |
| Operating income | 70/76A | €582,786 | €750,775 | +€167,990 | +28.8% |
| Turnover | 70 | €109,223 | €125,658 | +€16,435 | +15.0% |
| Other operating income | 74 | €456,974 | €608,723 | +€151,749 | +33.2% |
| Non-recurring operating income | 76A | €16,588 | €16,394 | -€194 | -1.2% |
| Operating charges | 60/66A | €896,761 | €1,081,679 | +€184,918 | +20.6% |
| Goods for resale, raw materials and consumables | 60 | €251 | €19 | -€233 | -92.6% |
| Purchases | 600/8 | €270 | - | -€270 | |
| Change in stocks: decrease (increase) | 609 | -€19 | €19 | +€37 | |
| Services and other goods | 61 | €505,471 | €663,022 | +€157,551 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,433 | €384,086 | +€8,653 | +2.3% |
| Other operating charges | 640/8 | €15,606 | €14,816 | -€790 | -5.1% |
| Non-recurring operating charges | 66A | - | €19,737 | +€19,737 | |
| Operating profit (loss) | 9901 | -€313,976 | -€330,904 | -€16,928 | -5.4% |
| Financial income | 75/76B | €293,749 | €297,217 | +€3,468 | +1.2% |
| Recurring financial income | 75 | €293,749 | €297,217 | +€3,468 | +1.2% |
| Income from current assets | 751 | - | €372 | +€372 | |
| Other financial income | 752/9 | €293,749 | €296,845 | +€3,096 | +1.1% |
| Financial charges | 65/66B | €15,827 | €14,878 | -€949 | -6.0% |
| Recurring financial charges | 65 | €15,827 | €14,878 | -€949 | -6.0% |
| Debt charges | 650 | €14,963 | €13,243 | -€1,720 | -11.5% |
| Other financial charges | 652/9 | €864 | €1,635 | +€771 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,054 | -€48,565 | -€12,511 | -34.7% |
| Transfer from deferred taxes | 780 | €92,929 | €94,534 | +€1,605 | +1.7% |
| Profit (loss) for the period | 9904 | €56,875 | €45,969 | -€10,906 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,875 | €45,969 | -€10,906 | -19.2% |
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 20 October 2026 via checked.be.