PLOEM: 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.
PLOEM
Largest movements
- Current investments +€300,372
up €300,372 (+85.8%), from €350,000 to €650,372
- Cash -€118,875
down €118,875 (-29.4%), from €404,101 to €285,226
mainly Current investments (-€300,372) and Contributions, distributions and other (-€106,971)
- Tangible fixed assets -€32,761
down €32,761 (-24.1%), from €135,845 to €103,084
of which Furniture and vehicles: -€23,025
- Reserves +€134,899
up €134,899 (+14.8%), from €909,487 to €1.0m
- Tax, wage and social debts +€18,831
up €18,831 (+51.0%), from €36,905 to €55,735
of which Remuneration and social security: +€12,022
- Gross operating margin +€141,485
up €141,485 (+37.2%), from €380,492 to €521,978
- Taxes +€29,438
up €29,438 (+37.2%), from €79,073 to €108,510
- Staff costs +€26,842
up €26,842 (+25.1%), from €107,083 to €133,924
- Write-downs +€19,662
up €19,662, from -€19,662 to €0
- Depreciation +€5,940
up €5,940 (+16.5%), from €36,004 to €41,945
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 | €1,029,057 | €1,179,093 | +€150,036 | +14.6% |
| Fixed assets | 21/28 | €136,208 | €103,447 | -€32,761 | -24.1% |
| Tangible fixed assets | 22/27 | €135,845 | €103,084 | -€32,761 | -24.1% |
| Plant, machinery and equipment | 23 | €18,648 | €10,840 | -€7,809 | -41.9% |
| Furniture and vehicles | 24 | €87,761 | €64,736 | -€23,025 | -26.2% |
| Other tangible fixed assets | 26 | €29,436 | €27,508 | -€1,928 | -6.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €892,849 | €1,075,646 | +€182,797 | +20.5% |
| Stocks and contracts in progress | 3 | €69,285 | €72,745 | +€3,460 | +5.0% |
| Stocks | 30/36 | €69,285 | €72,745 | +€3,460 | +5.0% |
| Amounts receivable within one year | 40/41 | €60,082 | €63,041 | +€2,959 | +4.9% |
| Trade receivables | 40 | €29,607 | €23,441 | -€6,165 | -20.8% |
| Other amounts receivable | 41 | €30,475 | €39,599 | +€9,124 | +29.9% |
| Current investments | 50/53 | €350,000 | €650,372 | +€300,372 | +85.8% |
| Cash at bank and in hand | 54/58 | €404,101 | €285,226 | -€118,875 | -29.4% |
| Deferred charges and accrued income | 490/1 | €9,381 | €4,262 | -€5,119 | -54.6% |
| Total equity and liabilities | 10/49 | €1,029,057 | €1,179,093 | +€150,036 | +14.6% |
| Equity | 10/15 | €934,287 | €1,069,187 | +€134,899 | +14.4% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €909,487 | €1,044,387 | +€134,899 | +14.8% |
| Distributable reserves | 133 | €909,487 | €1,044,387 | +€134,899 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,770 | €109,906 | +€15,136 | +16.0% |
| Amounts payable within one year | 42/48 | €92,161 | €109,838 | +€17,677 | +19.2% |
| Trade debts | 44 | €54,669 | €53,000 | -€1,669 | -3.1% |
| Suppliers | 440/4 | €54,669 | €53,000 | -€1,669 | -3.1% |
| Advances received on contracts in progress | 46 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | €36,905 | €55,735 | +€18,831 | +51.0% |
| Taxes | 450/3 | €24,667 | €31,476 | +€6,809 | +27.6% |
| Remuneration and social security | 454/9 | €12,237 | €24,259 | +€12,022 | +98.2% |
| Other amounts payable | 47/48 | €587 | €815 | +€227 | +38.7% |
| Accrued charges and deferred income | 492/3 | €2,609 | €68 | -€2,541 | -97.4% |
| Non-recurring operating income | 76A | €20,995 | €0 | -€20,995 | -100.0% |
| Remuneration, social security and pensions | 62 | €107,083 | €133,924 | +€26,842 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,004 | €41,945 | +€5,940 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,662 | €0 | +€19,662 | |
| Other operating charges | 640/8 | €2,770 | €2,476 | -€295 | -10.6% |
| Gross operating margin | 9900 | €380,492 | €521,978 | +€141,485 | +37.2% |
| Operating profit (loss) | 9901 | €254,297 | €343,633 | +€89,336 | +35.1% |
| Financial income | 75/76B | €15,524 | €9,732 | -€5,792 | -37.3% |
| Recurring financial income | 75 | €15,524 | €9,732 | -€5,792 | -37.3% |
| Financial charges | 65/66B | €1,583 | €2,984 | +€1,401 | +88.5% |
| Recurring financial charges | 65 | €1,583 | €2,984 | +€1,401 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €268,238 | €350,380 | +€82,143 | +30.6% |
| Income taxes | 67/77 | €79,073 | €108,510 | +€29,438 | +37.2% |
| Profit (loss) for the period | 9904 | €189,165 | €241,870 | +€52,705 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €189,165 | €241,870 | +€52,705 | +27.9% |
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.