PLINVEST: 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
PLINVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€105,772
2024 · €1.9m-€2.0m
Equity
€11.6m
2024 · €11.7m-€105,772
Cash
€17,536
2024 · €151,121-€133,586
Balance sheet total
€18.9m
2024 · €18.9m+€18,723
Largest movements
Assets
- Tangible fixed assets +€416,767
up €416,767 (+11.6%), from €3.6m to €4.0m
of which Land and buildings: +€442,802
- Receivables within one year -€234,890
down €234,890 (-69.2%), from €339,307 to €104,417
of which Other amounts receivable: -€288,829
Equity and liabilities
- Debts after one year +€324,365
up €324,365 (+4.8%), from €6.7m to €7.0m
- Other debts -€202,790
down €202,790 (-93.2%), from €217,500 to €14,710
Income statement
- Financial income -€2.8m
down €2.8m (-98.0%), from €2.9m to €58,142
of which Non-recurring financial income: -€1.9m
- Gross operating margin +€260,897
up €260,897 (+190%), from €137,224 to €398,121
- Depreciation +€87,033
up €87,033 (+33.4%), from €260,750 to €347,783
- Financial charges -€19,563
down €19,563 (-9.6%), from €202,953 to €183,389
- Other operating charges -€8,551
down €8,551 (-22.2%), from €38,534 to €29,983
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
€1.9m
Gross operating margin
+€260,897
Depreciation
-€87,033
Other operating charges
+€8,551
Other operating items
+€640,586
Financial income
-€2.8m
Financial charges
+€19,563
Taxes
-€27
Result 2025
-€105,772
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
+€264,896
Investment
-€723,576
Financing
+€325,094
Cash 2024
€151,121
From operations (derived)
+€264,896
Net result for the year
-€105,772
Depreciation
+€347,783
Receivables after one year
+€10,500
Receivables within one year
+€234,890
Deferred charges and accrued income
-€21,906
Smaller working-capital items
-€87
Tax, wage and social debts
+€2,279
Other debts
-€202,790
Investment (derived)
-€723,576
Investment in fixed assets (net)
-€723,576
Financing
+€325,094
Debts after one year
+€324,365
Current portion of long-term debt
+€729
Cash 2025
€17,536
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,855,716 | €18,874,440 | +€18,723 | +0.1% |
| Fixed assets | 21/28 | €18,277,553 | €18,653,346 | +€375,792 | +2.1% |
| Intangible fixed assets | 21 | €42,753 | €0 | -€42,753 | -100% |
| Tangible fixed assets | 22/27 | €3,587,379 | €4,004,146 | +€416,767 | +11.6% |
| Land and buildings | 22 | €3,492,134 | €3,934,936 | +€442,802 | +12.7% |
| Plant, machinery and equipment | 23 | €3,137 | €2,333 | -€804 | -25.6% |
| Furniture and vehicles | 24 | €92,109 | €66,878 | -€25,231 | -27.4% |
| Financial fixed assets | 28 | €14,647,421 | €14,649,199 | +€1,778 | 0.0% |
| Current assets | 29/58 | €578,163 | €221,094 | -€357,069 | -61.8% |
| Amounts receivable after more than one year | 29 | €81,500 | €71,000 | -€10,500 | -12.9% |
| Other amounts receivable | 291 | €81,500 | €71,000 | -€10,500 | -12.9% |
| Amounts receivable within one year | 40/41 | €339,307 | €104,417 | -€234,890 | -69.2% |
| Trade receivables | 40 | €13,460 | €67,400 | +€53,939 | +401% |
| Other amounts receivable | 41 | €325,846 | €37,018 | -€288,829 | -88.6% |
| Current investments | 50/53 | €5,084 | €5,084 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €151,121 | €17,536 | -€133,586 | -88.4% |
| Deferred charges and accrued income | 490/1 | €1,151 | €23,057 | +€21,906 | +1,903% |
| Total equity and liabilities | 10/49 | €18,855,716 | €18,874,440 | +€18,723 | +0.1% |
| Equity | 10/15 | €11,744,171 | €11,638,398 | -€105,772 | -0.9% |
| Contributions | 10/11 | €534,000 | €534,000 | = | 0.0% |
| Capital | 10 | €534,000 | €534,000 | = | 0.0% |
| Issued capital | 100 | €534,000 | €534,000 | = | 0.0% |
| Reserves | 13 | €11,210,171 | €11,104,398 | -€105,772 | -0.9% |
| Non-distributable reserves | 130/1 | €53,400 | €53,400 | = | 0.0% |
| Legal reserve | 130 | €53,400 | €53,400 | = | 0.0% |
| Distributable reserves | 133 | €11,156,771 | €11,050,998 | -€105,772 | -0.9% |
| Amounts payable | 17/49 | €7,111,546 | €7,236,042 | +€124,496 | +1.8% |
| Amounts payable after more than one year | 17 | €6,722,277 | €7,046,642 | +€324,365 | +4.8% |
| Financial debts | 170/4 | €6,722,277 | €7,046,642 | +€324,365 | +4.8% |
| Amounts payable within one year | 42/48 | €379,817 | €178,781 | -€201,036 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €115,471 | €116,200 | +€729 | +0.6% |
| Trade debts | 44 | €46,461 | €45,208 | -€1,253 | -2.7% |
| Suppliers | 440/4 | €46,461 | €45,208 | -€1,253 | -2.7% |
| Taxes, remuneration and social security | 45 | €385 | €2,663 | +€2,279 | +592% |
| Taxes | 450/3 | €385 | €2,663 | +€2,279 | +592% |
| Other amounts payable | 47/48 | €217,500 | €14,710 | -€202,790 | -93.2% |
| Accrued charges and deferred income | 492/3 | €9,452 | €10,619 | +€1,167 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,750 | €347,783 | +€87,033 | +33.4% |
| Other operating charges | 640/8 | €38,534 | €29,983 | -€8,551 | -22.2% |
| Non-recurring operating charges | 66A | €640,586 | €0 | -€640,586 | -100% |
| Gross operating margin | 9900 | €137,224 | €398,121 | +€260,897 | +190% |
| Operating profit (loss) | 9901 | -€802,646 | €20,355 | +€823,001 | |
| Financial income | 75/76B | €2,871,456 | €58,142 | -€2.8m | -98.0% |
| Recurring financial income | 75 | €894,267 | €13,922 | -€880,345 | -98.4% |
| Non-recurring financial income | 76B | €1,977,189 | €44,220 | -€1.9m | -97.8% |
| Financial charges | 65/66B | €202,953 | €183,389 | -€19,563 | -9.6% |
| Recurring financial charges | 65 | €202,953 | €183,389 | -€19,563 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €1,865,857 | -€104,893 | -€2.0m | |
| Income taxes | 67/77 | €853 | €880 | +€27 | +3.2% |
| Profit (loss) for the period | 9904 | €1,865,005 | -€105,772 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,865,005 | -€105,772 | -€2.0m |
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 31 October 2026 via checked.be.