PLS Equitation: what changed
PLS Equitation
Largest movements
- Receivables within one year +€17,780
up €17,780 (+49.9%), from €35,635 to €53,416
of which Trade receivables: +€12,230
- Tangible fixed assets +€2,089
up €2,089 (+430%), from €486 to €2,576
of which Plant, machinery and equipment: +€2,576
- Profit (loss) carried forward -€59,053
down €59,053 (-17.4%), from -€339,898 to -€398,951
- Trade debts +€48,583
up €48,583 (+92.9%), from €52,274 to €100,858
- Other debts +€28,913
up €28,913 (+7.3%), from €395,163 to €424,076
- Gross operating margin +€21,054
up €21,054 (+28.2%), from -€74,712 to -€53,658
- Staff costs -€3,551
down €3,551 (-95.4%), from €3,724 to €173
- Financial charges +€2,002
up €2,002 (+346%), from €578 to €2,580
- Other operating charges +€1,535
up €1,535 (+396%), from €387 to €1,922
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 | €139,690 | €158,169 | +€18,479 | +13.2% |
| Fixed assets | 21/28 | €486 | €2,576 | +€2,089 | +430% |
| Tangible fixed assets | 22/27 | €486 | €2,576 | +€2,089 | +430% |
| Plant, machinery and equipment | 23 | - | €2,576 | +€2,576 | |
| Furniture and vehicles | 24 | €486 | - | -€486 | |
| Current assets | 29/58 | €139,204 | €155,594 | +€16,390 | +11.8% |
| Stocks and contracts in progress | 3 | €101,000 | €101,000 | = | 0.0% |
| Stocks | 30/36 | €101,000 | €101,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,635 | €53,416 | +€17,780 | +49.9% |
| Trade receivables | 40 | €25,791 | €38,021 | +€12,230 | +47.4% |
| Other amounts receivable | 41 | €9,844 | €15,395 | +€5,551 | +56.4% |
| Cash at bank and in hand | 54/58 | €2,568 | €1,178 | -€1,390 | -54.1% |
| Total equity and liabilities | 10/49 | €139,690 | €158,169 | +€18,479 | +13.2% |
| Equity | 10/15 | -€309,898 | -€368,951 | -€59,053 | -19.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,898 | -€398,951 | -€59,053 | -17.4% |
| Amounts payable | 17/49 | €449,588 | €527,120 | +€77,532 | +17.2% |
| Amounts payable within one year | 42/48 | €449,588 | €527,084 | +€77,496 | +17.2% |
| Trade debts | 44 | €52,274 | €100,858 | +€48,583 | +92.9% |
| Suppliers | 440/4 | €52,274 | €100,858 | +€48,583 | +92.9% |
| Taxes, remuneration and social security | 45 | €2,150 | €2,150 | = | 0.0% |
| Taxes | 450/3 | €174 | €160 | -€14 | -8.1% |
| Remuneration and social security | 454/9 | €1,976 | €1,990 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €395,163 | €424,076 | +€28,913 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Remuneration, social security and pensions | 62 | €3,724 | €173 | -€3,551 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €721 | +€234 | +48.2% |
| Other operating charges | 640/8 | €387 | €1,922 | +€1,535 | +396% |
| Gross operating margin | 9900 | -€74,712 | -€53,658 | +€21,054 | +28.2% |
| Operating profit (loss) | 9901 | -€79,310 | -€56,474 | +€22,836 | +28.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €578 | €2,580 | +€2,002 | +346% |
| Recurring financial charges | 65 | €578 | €2,580 | +€2,002 | +346% |
| Profit (loss) for the period before taxes | 9903 | -€79,888 | -€59,053 | +€20,835 | +26.1% |
| Profit (loss) for the period | 9904 | -€79,888 | -€59,053 | +€20,835 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,888 | -€59,053 | +€20,835 | +26.1% |
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 1 November 2026 via checked.be.