Plinius Minor: 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 Minor
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Cash +€86,638
up €86,638 (+114.0%), from €76,020 to €162,658
mainly Investment in fixed assets (net) (+€1.2m) and Depreciation (+€25,225)
- Tangible fixed assets -€24,379
down €24,379 (-36.0%), from €67,723 to €43,344
of which Furniture and vehicles: -€17,863
- Receivables within one year -€21,649
down €21,649 (-60.5%), from €35,760 to €14,111
of which Other amounts receivable: -€19,618
- Debts after one year -€701,649
down €701,649 (-100.0%), from €701,649 to €0
- Reserves -€323,006
down €323,006 (-62.1%), from €520,381 to €197,375
- Current portion of long-term debt -€120,998
down €120,998 (-100.0%), from €120,998 to €0
- Tax, wage and social debts -€16,900
down €16,900 (-75.9%), from €22,272 to €5,372
- Financial income -€76,923
down €76,923 (-50.7%), from €151,769 to €74,846
- Gross operating margin -€50,274
down €50,274, from €41,546 to -€8,729
- Taxes -€14,869
down €14,869 (-97.8%), from €15,205 to €336
- Financial charges +€1,443
up €1,443 (+23.3%), from €6,194 to €7,638
- Depreciation -€795
down €795 (-3.1%), from €26,021 to €25,225
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.
Cash bridge derived
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 | €1,401,113 | €221,790 | -€1.2m | -84.2% |
| Fixed assets | 21/28 | €1,287,723 | €43,344 | -€1.2m | -96.6% |
| Tangible fixed assets | 22/27 | €67,723 | €43,344 | -€24,379 | -36.0% |
| Land and buildings | 22 | €28,475 | €23,867 | -€4,608 | -16.2% |
| Plant, machinery and equipment | 23 | €11,835 | €9,927 | -€1,908 | -16.1% |
| Furniture and vehicles | 24 | €27,414 | €9,551 | -€17,863 | -65.2% |
| Financial fixed assets | 28 | €1,220,000 | €0 | -€1.2m | -100.0% |
| Current assets | 29/58 | €113,389 | €178,446 | +€65,056 | +57.4% |
| Amounts receivable within one year | 40/41 | €35,760 | €14,111 | -€21,649 | -60.5% |
| Trade receivables | 40 | €15,378 | €13,347 | -€2,031 | -13.2% |
| Other amounts receivable | 41 | €20,382 | €763 | -€19,618 | -96.3% |
| Cash at bank and in hand | 54/58 | €76,020 | €162,658 | +€86,638 | +114.0% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,676 | +€67 | +4.2% |
| Total equity and liabilities | 10/49 | €1,401,113 | €221,790 | -€1.2m | -84.2% |
| Equity | 10/15 | €530,381 | €198,628 | -€331,752 | -62.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €520,381 | €197,375 | -€323,006 | -62.1% |
| Distributable reserves | 133 | €520,381 | €197,375 | -€323,006 | -62.1% |
| Profit (loss) carried forward | 14 | €0 | -€8,747 | -€8,747 | |
| Amounts payable | 17/49 | €870,732 | €23,161 | -€847,571 | -97.3% |
| Amounts payable after more than one year | 17 | €701,649 | €0 | -€701,649 | -100.0% |
| Financial debts | 170/4 | €701,649 | €0 | -€701,649 | -100.0% |
| Amounts payable within one year | 42/48 | €169,083 | €23,161 | -€145,922 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €120,998 | €0 | -€120,998 | -100.0% |
| Trade debts | 44 | €812 | €1,134 | +€321 | +39.5% |
| Suppliers | 440/4 | €812 | €1,134 | +€321 | +39.5% |
| Taxes, remuneration and social security | 45 | €22,272 | €5,372 | -€16,900 | -75.9% |
| Taxes | 450/3 | €22,272 | €5,372 | -€16,900 | -75.9% |
| Other amounts payable | 47/48 | €25,000 | €16,656 | -€8,344 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,021 | €25,225 | -€795 | -3.1% |
| Other operating charges | 640/8 | €1,500 | €1,870 | +€369 | +24.6% |
| Non-recurring operating charges | 66A | - | €41,801 | +€41,801 | |
| Gross operating margin | 9900 | €41,546 | -€8,729 | -€50,274 | |
| Operating profit (loss) | 9901 | €14,025 | -€77,624 | -€91,649 | |
| Financial income | 75/76B | €151,769 | €74,846 | -€76,923 | -50.7% |
| Recurring financial income | 75 | €151,769 | €74,846 | -€76,923 | -50.7% |
| Financial charges | 65/66B | €6,194 | €7,638 | +€1,443 | +23.3% |
| Recurring financial charges | 65 | €6,194 | €7,638 | +€1,443 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €159,599 | -€10,416 | -€170,016 | |
| Income taxes | 67/77 | €15,205 | €336 | -€14,869 | -97.8% |
| Profit (loss) for the period | 9904 | €144,394 | -€10,752 | -€155,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,394 | -€10,752 | -€155,146 |
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 10 October 2026 via checked.be.