PLOPSA: what changed
Two fiscal 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
PLOPSA
NACE 93.210, Sports, amusement and recreation activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10.3m
2024 · €8.9m+€1.4m
Equity
€62.9m
2024 · €59.5m+€3.4m
Cash
€1.2m
2024 · €688,756+€507,130
Balance sheet total
€115.1m
2024 · €81.7m+€33.3m
Largest movements
Assets
- Tangible fixed assets +€50.5m
up €50.5m (+94.8%), from €53.2m to €103.7m
of which Land and buildings: +€25.6m
- Financial fixed assets -€15.2m
no longer reported in 2025 (was €15.2m)
- Receivables within one year -€3.7m
down €3.7m (-38.7%), from €9.6m to €5.9m
of which Trade receivables: -€2.6m
Equity and liabilities
- Debts after one year +€28.7m
new in 2025: €28.7m
- Contributions +€11.3m
up €11.3m (+132.9%), from €8.5m to €19.8m
- Reserves -€8.0m
down €8.0m (-15.6%), from €50.9m to €42.9m
of which Distributable reserves: -€6.9m
- Accrued charges and deferred income +€3.8m
up €3.8m (+51.8%), from €7.3m to €11.0m
- Trade debts -€3.5m
down €3.5m (-27.5%), from €12.6m to €9.2m
Income statement
- Turnover +€16.6m
up €16.6m (+27.1%), from €61.3m to €77.8m
- Depreciation +€4.4m
up €4.4m (+42.8%), from €10.3m to €14.8m
- Staff costs +€3.7m
up €3.7m (+45.6%), from €8.1m to €11.8m
- Services and other goods +€3.7m
up €3.7m (+13.1%), from €27.9m to €31.6m
- Goods and materials +€1.9m
up €1.9m (+37.3%), from €5.0m to €6.8m
of which Purchases: +€2.7m
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
€8.9m
Turnover
+€16.6m
Other operating income
-€342,241
Goods and materials
-€1.9m
Services and other goods
-€3.7m
Staff costs
-€3.7m
Depreciation
-€4.4m
Write-downs
+€78,995
Provisions
+€32,289
Other operating charges
-€134,896
Other operating items
-€60,598
Financial income
+€54,465
Financial charges
-€544,985
Taxes
-€623,249
Result 2025
€10.3m
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.
From operations
+€28.8m
Investment
-€50.2m
Financing
+€21.9m
Cash 2024
€688,756
From operations (derived)
+€28.8m
Net result for the year
+€10.3m
Depreciation
+€14.8m
Stocks and contracts
-€941,674
Receivables within one year
+€3.7m
Deferred charges and accrued income
-€186,291
Provisions
-€299,107
Trade debts
-€3.5m
Tax, wage and social debts
+€1.3m
Other debts
-€102,248
Accrued charges and deferred income
+€3.8m
Investment (derived)
-€50.2m
Investment in fixed assets (net)
-€50.2m
Financing
+€21.9m
Debts after one year
+€28.7m
Current portion of long-term debt
+€60,000
Contributions, distributions and other
-€6.9m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,717,678 | €115,052,496 | +€33.3m | +40.8% |
| Fixed assets | 21/28 | €68,609,440 | €104,031,056 | +€35.4m | +51.6% |
| Intangible fixed assets | 21 | €200,134 | €328,188 | +€128,055 | +64.0% |
| Tangible fixed assets | 22/27 | €53,231,327 | €103,702,868 | +€50.5m | +94.8% |
| Land and buildings | 22 | €17,921,230 | €43,570,239 | +€25.6m | +143.1% |
| Plant, machinery and equipment | 23 | €32,127,188 | €52,281,036 | +€20.2m | +62.7% |
| Furniture and vehicles | 24 | €1,108,387 | €3,678,054 | +€2.6m | +231.8% |
| Other tangible fixed assets | 26 | €6,142 | €76,165 | +€70,023 | +1140.2% |
| Assets under construction and advance payments | 27 | €2,068,381 | €4,097,374 | +€2.0m | +98.1% |
| Financial fixed assets | 28 | €15,177,980 | - | -€15.2m | |
| Affiliated companies | 280/1 | €15,177,980 | - | -€15.2m | |
| Amounts receivable | 281 | €15,177,980 | - | -€15.2m | |
| Current assets | 29/58 | €13,108,238 | €11,021,440 | -€2.1m | -15.9% |
| Stocks and contracts in progress | 3 | €2,218,233 | €3,159,907 | +€941,674 | +42.5% |
| Stocks | 30/36 | €2,218,233 | €3,159,907 | +€941,674 | +42.5% |
| Raw materials and consumables | 30/31 | €720,369 | €907,136 | +€186,767 | +25.9% |
| Goods purchased for resale | 34 | €1,497,864 | €2,252,771 | +€754,908 | +50.4% |
| Amounts receivable within one year | 40/41 | €9,622,118 | €5,900,226 | -€3.7m | -38.7% |
| Trade receivables | 40 | €6,105,886 | €3,529,592 | -€2.6m | -42.2% |
| Other amounts receivable | 41 | €3,516,231 | €2,370,634 | -€1.1m | -32.6% |
| Cash at bank and in hand | 54/58 | €688,756 | €1,195,886 | +€507,130 | +73.6% |
| Deferred charges and accrued income | 490/1 | €579,131 | €765,421 | +€186,291 | +32.2% |
| Total equity and liabilities | 10/49 | €81,717,678 | €115,052,496 | +€33.3m | +40.8% |
| Equity | 10/15 | €59,470,052 | €62,869,348 | +€3.4m | +5.7% |
| Contributions | 10/11 | €8,500,000 | €19,800,000 | +€11.3m | +132.9% |
| Capital | 10 | €8,500,000 | €19,800,000 | +€11.3m | +132.9% |
| Issued capital | 100 | €8,500,000 | €19,800,000 | +€11.3m | +132.9% |
| Reserves | 13 | €50,878,002 | €42,927,243 | -€8.0m | -15.6% |
| Non-distributable reserves | 130/1 | €850,000 | €1,423,379 | +€573,379 | +67.5% |
| Legal reserve | 130 | €850,000 | €1,423,379 | +€573,379 | +67.5% |
| Tax-exempt reserves | 132 | €3,245,658 | €1,598,120 | -€1.6m | -50.8% |
| Distributable reserves | 133 | €46,782,344 | €39,905,744 | -€6.9m | -14.7% |
| Investment grants | 15 | €92,050 | €142,105 | +€50,055 | +54.4% |
| Provisions and deferred taxes | 16 | €704,223 | €405,116 | -€299,107 | -42.5% |
| Provisions for liabilities and charges | 160/5 | €640,036 | €350,679 | -€289,357 | -45.2% |
| Major repairs and maintenance | 162 | €565,036 | €262,450 | -€302,585 | -53.6% |
| Environmental obligations | 163 | €75,000 | €75,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | - | €13,228 | +€13,228 | |
| Deferred taxes | 168 | €64,188 | €54,438 | -€9,750 | -15.2% |
| Amounts payable | 17/49 | €21,543,402 | €51,778,032 | +€30.2m | +140.3% |
| Amounts payable after more than one year | 17 | - | €28,719,607 | +€28.7m | |
| Other amounts payable | 178/9 | - | €28,719,607 | +€28.7m | |
| Amounts payable within one year | 42/48 | €14,288,273 | €12,044,864 | -€2.2m | -15.7% |
| Current portion of amounts payable after more than one year | 42 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €12,613,327 | €9,150,753 | -€3.5m | -27.5% |
| Suppliers | 440/4 | €12,613,327 | €9,150,753 | -€3.5m | -27.5% |
| Taxes, remuneration and social security | 45 | €1,329,824 | €2,591,237 | +€1.3m | +94.9% |
| Taxes | 450/3 | €36,513 | €637,065 | +€600,552 | +1644.8% |
| Remuneration and social security | 454/9 | €1,293,311 | €1,954,172 | +€660,861 | +51.1% |
| Other amounts payable | 47/48 | €345,122 | €242,874 | -€102,248 | -29.6% |
| Accrued charges and deferred income | 492/3 | €7,255,129 | €11,013,561 | +€3.8m | +51.8% |
| Operating income | 70/76A | €62,889,822 | €79,734,714 | +€16.8m | +26.8% |
| Turnover | 70 | €61,261,727 | €77,844,253 | +€16.6m | +27.1% |
| Other operating income | 74 | €1,626,834 | €1,284,593 | -€342,241 | -21.0% |
| Non-recurring operating income | 76A | €1,261 | €605,868 | +€604,607 | +47959.2% |
| Operating charges | 60/66A | €51,784,221 | €66,094,831 | +€14.3m | +27.6% |
| Goods for resale, raw materials and consumables | 60 | €4,966,971 | €6,818,591 | +€1.9m | +37.3% |
| Purchases | 600/8 | €4,961,248 | €7,681,893 | +€2.7m | +54.8% |
| Change in stocks: decrease (increase) | 609 | €5,722 | -€863,301 | -€869,024 | |
| Services and other goods | 61 | €27,898,382 | €31,558,168 | +€3.7m | +13.1% |
| Remuneration, social security and pensions | 62 | €8,087,714 | €11,776,704 | +€3.7m | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,336,068 | €14,757,464 | +€4.4m | +42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,790 | -€42,205 | -€78,995 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€257,068 | -€289,357 | -€32,289 | -12.6% |
| Other operating charges | 640/8 | €674,983 | €809,879 | +€134,896 | +20.0% |
| Non-recurring operating charges | 66A | €40,381 | €705,586 | +€665,205 | +1647.3% |
| Operating profit (loss) | 9901 | €11,105,601 | €13,639,883 | +€2.5m | +22.8% |
| Financial income | 75/76B | €691,180 | €745,645 | +€54,465 | +7.9% |
| Recurring financial income | 75 | €691,180 | €745,645 | +€54,465 | +7.9% |
| Income from current assets | 751 | €622,083 | €689,230 | +€67,147 | +10.8% |
| Other financial income | 752/9 | €69,097 | €56,415 | -€12,682 | -18.4% |
| Financial charges | 65/66B | €15,723 | €560,709 | +€544,985 | +3466.1% |
| Recurring financial charges | 65 | €15,723 | €560,709 | +€544,985 | +3466.1% |
| Debt charges | 650 | - | €515,319 | +€515,319 | |
| Other financial charges | 652/9 | €15,723 | €45,389 | +€29,666 | +188.7% |
| Profit (loss) for the period before taxes | 9903 | €11,781,058 | €13,824,819 | +€2.0m | +17.3% |
| Transfer from deferred taxes | 780 | €9,750 | €9,750 | = | 0.0% |
| Income taxes | 67/77 | €2,886,641 | €3,509,890 | +€623,249 | +21.6% |
| Taxes | 670/3 | €2,998,961 | €3,510,877 | +€511,916 | +17.1% |
| Tax adjustments and reversals of tax provisions | 77 | €112,320 | €986 | -€111,334 | -99.1% |
| Profit (loss) for the period | 9904 | €8,904,167 | €10,324,679 | +€1.4m | +16.0% |
| Transfer from tax-exempt reserves | 789 | €69,334 | €1,648,226 | +€1.6m | +2277.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,973,501 | €11,972,905 | +€3.0m | +33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.