PLSD: 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.
PLSD
Largest movements
- Cash +€26,299
up €26,299 (+576.1%), from €4,565 to €30,864
mainly Trade debts (+€28,563) and Net result for the year (+€9,003)
- Receivables within one year +€13,291
up €13,291 (+239.6%), from €5,548 to €18,839
of which Trade receivables: +€15,248
- Tangible fixed assets -€3,980
down €3,980 (-38.3%), from €10,402 to €6,422
- Trade debts +€28,563
up €28,563 (+145952.6%), from €20 to €28,583
- Profit (loss) carried forward +€9,003
up €9,003 (+66.1%), from -€13,621 to -€4,619
- Other debts -€2,006
down €2,006 (-86.6%), from €2,317 to €311
- Gross operating margin +€22,572
up €22,572, from -€9,092 to €13,479
- Depreciation -€146
down €146 (-3.5%), from €4,127 to €3,980
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 | €20,515 | €56,125 | +€35,610 | +173.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,402 | €6,422 | -€3,980 | -38.3% |
| Tangible fixed assets | 22/27 | €10,402 | €6,422 | -€3,980 | -38.3% |
| Furniture and vehicles | 24 | €10,402 | €6,422 | -€3,980 | -38.3% |
| Current assets | 29/58 | €10,113 | €49,703 | +€39,590 | +391.5% |
| Amounts receivable within one year | 40/41 | €5,548 | €18,839 | +€13,291 | +239.6% |
| Trade receivables | 40 | - | €15,248 | +€15,248 | |
| Other amounts receivable | 41 | €5,548 | €3,591 | -€1,957 | -35.3% |
| Cash at bank and in hand | 54/58 | €4,565 | €30,864 | +€26,299 | +576.1% |
| Total equity and liabilities | 10/49 | €20,515 | €56,125 | +€35,610 | +173.6% |
| Equity | 10/15 | €18,029 | €27,031 | +€9,003 | +49.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,650 | €26,650 | = | 0.0% |
| Distributable reserves | 133 | €26,650 | €26,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,621 | -€4,619 | +€9,003 | +66.1% |
| Amounts payable | 17/49 | €2,487 | €29,094 | +€26,607 | +1070.1% |
| Amounts payable within one year | 42/48 | €2,487 | €29,094 | +€26,607 | +1070.1% |
| Trade debts | 44 | €20 | €28,583 | +€28,563 | +145952.6% |
| Suppliers | 440/4 | €20 | €28,583 | +€28,563 | +145952.6% |
| Taxes, remuneration and social security | 45 | €150 | €200 | +€50 | +33.3% |
| Taxes | 450/3 | €150 | €200 | +€50 | +33.3% |
| Other amounts payable | 47/48 | €2,317 | €311 | -€2,006 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,127 | €3,980 | -€146 | -3.5% |
| Other operating charges | 640/8 | €239 | €243 | +€5 | +2.1% |
| Gross operating margin | 9900 | -€9,092 | €13,479 | +€22,572 | |
| Operating profit (loss) | 9901 | -€13,458 | €9,256 | +€22,713 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €83 | €75 | -€8 | -9.8% |
| Recurring financial charges | 65 | €83 | €75 | -€8 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,541 | €9,181 | +€22,721 | |
| Income taxes | 67/77 | €112 | €178 | +€66 | +58.7% |
| Profit (loss) for the period | 9904 | -€13,653 | €9,003 | +€22,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,653 | €9,003 | +€22,655 |
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 29 September 2026 via checked.be.