PLOF: 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.
PLOF
Largest movements
- Receivables within one year -€76,548
down €76,548 (-49.7%), from €154,002 to €77,454
of which Other amounts receivable: -€75,149
- Cash -€1,584
no longer reported in 2025 (was €1,584)
mainly Net result for the year (-€75,259) and Trade debts (-€3,535)
- Profit (loss) carried forward -€75,259
down €75,259 (-92.7%), from €81,184 to €5,925
- Trade debts -€3,535
down €3,535 (-47.1%), from €7,512 to €3,978
- Financial charges +€150,586
up €150,586 (+39,991%), from €377 to €150,962
- Gross operating margin +€33,092
up €33,092 (+52.5%), from €63,017 to €96,109
- Taxes +€8,440
up €8,440 (+41.1%), from €20,521 to €28,961
- Financial income +€1,970
up €1,970 (+24.0%), from €8,206 to €10,176
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 | €157,408 | €78,049 | -€79,359 | -50.4% |
| Fixed assets | 21/28 | €1,257 | €523 | -€734 | -58.4% |
| Tangible fixed assets | 22/27 | €1,257 | €523 | -€734 | -58.4% |
| Furniture and vehicles | 24 | €1,257 | €523 | -€734 | -58.4% |
| Current assets | 29/58 | €156,151 | €77,526 | -€78,625 | -50.4% |
| Amounts receivable within one year | 40/41 | €154,002 | €77,454 | -€76,548 | -49.7% |
| Trade receivables | 40 | €4,274 | €2,874 | -€1,400 | -32.7% |
| Other amounts receivable | 41 | €149,728 | €74,579 | -€75,149 | -50.2% |
| Cash at bank and in hand | 54/58 | €1,584 | - | -€1,584 | |
| Deferred charges and accrued income | 490/1 | €565 | €72 | -€493 | -87.3% |
| Total equity and liabilities | 10/49 | €157,408 | €78,049 | -€79,359 | -50.4% |
| Equity | 10/15 | €99,734 | €24,475 | -€75,259 | -75.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,184 | €5,925 | -€75,259 | -92.7% |
| Amounts payable | 17/49 | €57,674 | €53,574 | -€4,100 | -7.1% |
| Amounts payable within one year | 42/48 | €57,674 | €53,574 | -€4,100 | -7.1% |
| Financial debts | 43 | - | €746 | +€746 | |
| Credit institutions | 430/8 | - | €746 | +€746 | |
| Trade debts | 44 | €7,512 | €3,978 | -€3,535 | -47.1% |
| Suppliers | 440/4 | €7,512 | €3,978 | -€3,535 | -47.1% |
| Taxes, remuneration and social security | 45 | €50,162 | €48,851 | -€1,311 | -2.6% |
| Taxes | 450/3 | €50,162 | €48,851 | -€1,311 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,044 | €582 | -€462 | -44.2% |
| Other operating charges | 640/8 | €387 | €886 | +€499 | +129% |
| Non-recurring operating charges | 66A | - | €152 | +€152 | |
| Gross operating margin | 9900 | €63,017 | €96,109 | +€33,092 | +52.5% |
| Operating profit (loss) | 9901 | €61,585 | €94,488 | +€32,903 | +53.4% |
| Financial income | 75/76B | €8,206 | €10,176 | +€1,970 | +24.0% |
| Recurring financial income | 75 | €8,206 | €10,176 | +€1,970 | +24.0% |
| Financial charges | 65/66B | €377 | €150,962 | +€150,586 | +39,991% |
| Recurring financial charges | 65 | €377 | €150,962 | +€150,586 | +39,991% |
| Profit (loss) for the period before taxes | 9903 | €69,415 | -€46,298 | -€115,712 | |
| Income taxes | 67/77 | €20,521 | €28,961 | +€8,440 | +41.1% |
| Profit (loss) for the period | 9904 | €48,893 | -€75,259 | -€124,153 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,893 | -€75,259 | -€124,153 |
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 26 October 2026 via checked.be.