Plinius Labs: 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.
Plinius Labs
Largest movements
- Cash +€1.5m
up €1.5m (+1,369%), from €111,201 to €1.6m
mainly Contributions, distributions and other (+€1.6m) and Trade debts (+€363,893)
- Receivables within one year +€272,020
up €272,020 (+61.7%), from €441,007 to €713,026
of which Trade receivables: +€278,090
- Intangible fixed assets +€244,740
up €244,740 (+43.9%), from €557,051 to €801,791
- Formation expenses +€108,691
new in 2025: €108,691
- Tangible fixed assets -€67,790
down €67,790 (-44.7%), from €151,606 to €83,815
of which Leasing and similar rights: -€39,600
- Contributions +€1.6m
up €1.6m (+1,600%), from €100,000 to €1.7m
of which Contributions outside capital: +€1.6m
- Trade debts +€363,893
up €363,893 (+157%), from €231,341 to €595,234
- Other debts +€191,514
up €191,514 (+20,229%), from €947 to €192,461
- Debts after one year -€173,163
down €173,163 (-51.9%), from €333,537 to €160,374
- Provisions +€40,328
up €40,328 (+116%), from €34,644 to €74,972
- Depreciation +€108,661
up €108,661 (+60.0%), from €181,045 to €289,706
- Staff costs +€43,558
up €43,558 (+728%), from €5,987 to €49,545
- Financial income +€15,121
up €15,121 (+18.2%), from €83,207 to €98,327
- Gross operating margin +€12,131
up €12,131 (+5.0%), from €241,324 to €253,455
- Taxes -€7,482
down €7,482 (-93.1%), from -€8,035 to -€15,517
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 | €1,297,414 | €3,390,969 | +€2.1m | +161% |
| Formation expenses | 20 | - | €108,691 | +€108,691 | |
| Fixed assets | 21/28 | €708,657 | €885,606 | +€176,949 | +25.0% |
| Intangible fixed assets | 21 | €557,051 | €801,791 | +€244,740 | +43.9% |
| Tangible fixed assets | 22/27 | €151,606 | €83,815 | -€67,790 | -44.7% |
| Plant, machinery and equipment | 23 | €37,557 | €22,531 | -€15,026 | -40.0% |
| Furniture and vehicles | 24 | €15,891 | €16,680 | +€789 | +5.0% |
| Leasing and similar rights | 25 | €72,338 | €32,738 | -€39,600 | -54.7% |
| Other tangible fixed assets | 26 | €25,819 | €11,866 | -€13,953 | -54.0% |
| Current assets | 29/58 | €588,757 | €2,396,672 | +€1.8m | +307% |
| Amounts receivable within one year | 40/41 | €441,007 | €713,026 | +€272,020 | +61.7% |
| Trade receivables | 40 | €255,355 | €533,445 | +€278,090 | +109% |
| Other amounts receivable | 41 | €185,652 | €179,581 | -€6,071 | -3.3% |
| Cash at bank and in hand | 54/58 | €111,201 | €1,633,420 | +€1.5m | +1,369% |
| Deferred charges and accrued income | 490/1 | €36,549 | €50,225 | +€13,676 | +37.4% |
| Total equity and liabilities | 10/49 | €1,297,414 | €3,390,969 | +€2.1m | +161% |
| Equity | 10/15 | €645,850 | €2,237,506 | +€1.6m | +246% |
| Contributions | 10/11 | €100,000 | €1,700,000 | +€1.6m | +1,600% |
| Capital | 10 | €100,000 | €136,360 | +€36,360 | +36.4% |
| Issued capital | 100 | €100,000 | €136,360 | +€36,360 | +36.4% |
| Contributions outside capital | 11 | - | €1,563,640 | +€1.6m | |
| Share premium | 1100/10 | - | €1,563,640 | +€1.6m | |
| Reserves | 13 | €3,797 | €4,134 | +€337 | +8.9% |
| Non-distributable reserves | 130/1 | €3,797 | €4,134 | +€337 | +8.9% |
| Legal reserve | 130 | €3,797 | €4,134 | +€337 | +8.9% |
| Profit (loss) carried forward | 14 | €72,135 | €78,544 | +€6,409 | +8.9% |
| Investment grants | 15 | €469,919 | €454,829 | -€15,090 | -3.2% |
| Provisions and deferred taxes | 16 | €34,644 | €74,972 | +€40,328 | +116% |
| Deferred taxes | 168 | €34,644 | €74,972 | +€40,328 | +116% |
| Amounts payable | 17/49 | €616,920 | €1,078,491 | +€461,571 | +74.8% |
| Amounts payable after more than one year | 17 | €333,537 | €160,374 | -€173,163 | -51.9% |
| Financial debts | 170/4 | €333,537 | €160,374 | -€173,163 | -51.9% |
| Amounts payable within one year | 42/48 | €265,532 | €869,232 | +€603,700 | +227% |
| Current portion of amounts payable after more than one year | 42 | €30,506 | €70,806 | +€40,300 | +132% |
| Trade debts | 44 | €231,341 | €595,234 | +€363,893 | +157% |
| Suppliers | 440/4 | €231,341 | €595,234 | +€363,893 | +157% |
| Taxes, remuneration and social security | 45 | €2,738 | €10,732 | +€7,994 | +292% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,738 | €10,732 | +€7,994 | +292% |
| Other amounts payable | 47/48 | €947 | €192,461 | +€191,514 | +20,229% |
| Accrued charges and deferred income | 492/3 | €17,851 | €48,884 | +€31,033 | +174% |
| Remuneration, social security and pensions | 62 | €5,987 | €49,545 | +€43,558 | +728% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,045 | €289,706 | +€108,661 | +60.0% |
| Other operating charges | 640/8 | €1,172 | €1,562 | +€390 | +33.3% |
| Gross operating margin | 9900 | €241,324 | €253,455 | +€12,131 | +5.0% |
| Operating profit (loss) | 9901 | €53,121 | -€87,358 | -€140,479 | |
| Financial income | 75/76B | €83,207 | €98,327 | +€15,121 | +18.2% |
| Recurring financial income | 75 | €83,207 | €98,327 | +€15,121 | +18.2% |
| Financial charges | 65/66B | €18,794 | €22,941 | +€4,147 | +22.1% |
| Recurring financial charges | 65 | €18,794 | €22,941 | +€4,147 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €117,533 | -€11,971 | -€129,505 | |
| Transfer from deferred taxes | 780 | €1,539 | €3,201 | +€1,662 | +108% |
| Income taxes | 67/77 | -€8,035 | -€15,517 | -€7,482 | -93.1% |
| Profit (loss) for the period | 9904 | €127,107 | €6,746 | -€120,360 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €127,107 | €6,746 | -€120,360 | -94.7% |
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 19 October 2026 via checked.be.