PLOMBAERT: what changed
PLOMBAERT
Largest movements
- Receivables after one year -€92,000
no longer reported in 2025 (was €92,000)
- Cash +€43,453
up €43,453 (+267%), from €16,268 to €59,721
mainly Receivables after one year (+€92,000) and Net result for the year (+€88,077)
- Deferred charges and accrued income +€42,620
new in 2025: €42,620
- Receivables within one year -€39,399
down €39,399 (-50.8%), from €77,585 to €38,186
of which Other amounts receivable: -€43,733
- Tangible fixed assets +€11,717
up €11,717 (+4.9%), from €238,251 to €249,967
of which Other tangible fixed assets: +€26,232
- Other debts -€131,571
down €131,571 (-91.5%), from €143,871 to €12,300
- Reserves +€87,277
up €87,277 (+166%), from €52,448 to €139,724
of which Distributable reserves: +€43,703
- Trade debts +€37,052
up €37,052 (+660%), from €5,611 to €42,664
- Debts after one year -€23,789
down €23,789 (-12.6%), from €188,622 to €164,833
- Gross operating margin +€91,271
up €91,271 (+169%), from €53,931 to €145,202
- Taxes +€21,482
up €21,482 (+700%), from €3,070 to €24,552
- Other operating charges -€20,138
down €20,138 (-91.8%), from €21,933 to €1,796
- Depreciation +€11,231
up €11,231 (+94.1%), from €11,936 to €23,167
- Financial charges +€1,992
up €1,992 (+35.1%), from €5,680 to €7,672
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,522 | €400,294 | -€28,227 | -6.6% |
| Fixed assets | 21/28 | €238,251 | €249,967 | +€11,717 | +4.9% |
| Tangible fixed assets | 22/27 | €238,251 | €249,967 | +€11,717 | +4.9% |
| Land and buildings | 22 | €173,178 | €167,928 | -€5,250 | -3.0% |
| Plant, machinery and equipment | 23 | €13,693 | €12,433 | -€1,260 | -9.2% |
| Furniture and vehicles | 24 | €9,687 | €10,226 | +€539 | +5.6% |
| Leasing and similar rights | 25 | €41,693 | €33,149 | -€8,544 | -20.5% |
| Other tangible fixed assets | 26 | - | €26,232 | +€26,232 | |
| Current assets | 29/58 | €190,271 | €150,327 | -€39,944 | -21.0% |
| Amounts receivable after more than one year | 29 | €92,000 | - | -€92,000 | |
| Trade receivables | 290 | €92,000 | - | -€92,000 | |
| Stocks and contracts in progress | 3 | €4,418 | €9,800 | +€5,382 | +122% |
| Stocks | 30/36 | €4,418 | €9,800 | +€5,382 | +122% |
| Amounts receivable within one year | 40/41 | €77,585 | €38,186 | -€39,399 | -50.8% |
| Trade receivables | 40 | €20,702 | €25,036 | +€4,334 | +20.9% |
| Other amounts receivable | 41 | €56,882 | €13,150 | -€43,733 | -76.9% |
| Cash at bank and in hand | 54/58 | €16,268 | €59,721 | +€43,453 | +267% |
| Deferred charges and accrued income | 490/1 | - | €42,620 | +€42,620 | |
| Total equity and liabilities | 10/49 | €428,522 | €400,294 | -€28,227 | -6.6% |
| Equity | 10/15 | €62,448 | €149,724 | +€87,277 | +140% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Share premium | 1100/10 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €52,448 | €139,724 | +€87,277 | +166% |
| Tax-exempt reserves | 132 | - | €43,574 | +€43,574 | |
| Distributable reserves | 133 | €52,448 | €96,151 | +€43,703 | +83.3% |
| Amounts payable | 17/49 | €366,074 | €250,570 | -€115,504 | -31.6% |
| Amounts payable after more than one year | 17 | €188,622 | €164,833 | -€23,789 | -12.6% |
| Financial debts | 170/4 | €188,622 | €164,833 | -€23,789 | -12.6% |
| Amounts payable within one year | 42/48 | €177,452 | €85,737 | -€91,715 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €22,936 | €23,789 | +€853 | +3.7% |
| Trade debts | 44 | €5,611 | €42,664 | +€37,052 | +660% |
| Suppliers | 440/4 | €5,611 | €42,664 | +€37,052 | +660% |
| Taxes, remuneration and social security | 45 | €5,034 | €6,984 | +€1,951 | +38.7% |
| Taxes | 450/3 | €2,346 | €4,202 | +€1,856 | +79.1% |
| Remuneration and social security | 454/9 | €2,688 | €2,783 | +€95 | +3.5% |
| Other amounts payable | 47/48 | €143,871 | €12,300 | -€131,571 | -91.5% |
| Non-recurring operating income | 76A | - | €102 | +€102 | |
| Remuneration, social security and pensions | 62 | €84 | €51 | -€33 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,936 | €23,167 | +€11,231 | +94.1% |
| Other operating charges | 640/8 | €21,933 | €1,796 | -€20,138 | -91.8% |
| Gross operating margin | 9900 | €53,931 | €145,202 | +€91,271 | +169% |
| Operating profit (loss) | 9901 | €19,977 | €120,188 | +€100,211 | +502% |
| Financial income | 75/76B | €55 | €112 | +€57 | +104% |
| Recurring financial income | 75 | €55 | €112 | +€57 | +104% |
| Financial charges | 65/66B | €5,680 | €7,672 | +€1,992 | +35.1% |
| Recurring financial charges | 65 | €5,680 | €7,672 | +€1,992 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €14,352 | €112,628 | +€98,276 | +685% |
| Income taxes | 67/77 | €3,070 | €24,552 | +€21,482 | +700% |
| Profit (loss) for the period | 9904 | €11,283 | €88,077 | +€76,794 | +681% |
| Transfer to tax-exempt reserves | 689 | - | €43,574 | +€43,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,283 | €44,503 | +€33,220 | +294% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.