PLUDO: 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.
PLUDO
Largest movements
- Cash +€214,908
up €214,908 (+148.0%), from €145,208 to €360,115
mainly Net result for the year (+€203,718) and Tax, wage and social debts (+€36,938)
- Receivables within one year +€24,893
new in 2025: €24,893
- Reserves +€190,643
up €190,643 (+27.1%), from €703,227 to €893,870
of which Distributable reserves: +€190,643
- Tax, wage and social debts +€36,938
up €36,938 (+161.5%), from €22,867 to €59,805
- Gross operating margin +€113,613
up €113,613 (+50.7%), from €224,120 to €337,733
- Taxes +€35,671
up €35,671 (+59.0%), from €60,468 to €96,139
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 | €1,134,839 | €1,371,092 | +€236,253 | +20.8% |
| Fixed assets | 21/28 | €475,479 | €464,798 | -€10,681 | -2.2% |
| Tangible fixed assets | 22/27 | €475,229 | €464,548 | -€10,681 | -2.2% |
| Land and buildings | 22 | €474,000 | €463,514 | -€10,486 | -2.2% |
| Plant, machinery and equipment | 23 | €0 | €700 | +€700 | |
| Furniture and vehicles | 24 | €1,228 | €333 | -€896 | -72.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €659,360 | €906,295 | +€246,934 | +37.5% |
| Amounts receivable within one year | 40/41 | - | €24,893 | +€24,893 | |
| Trade receivables | 40 | - | €24,893 | +€24,893 | |
| Current investments | 50/53 | €511,000 | €518,000 | +€7,000 | +1.4% |
| Cash at bank and in hand | 54/58 | €145,208 | €360,115 | +€214,908 | +148.0% |
| Deferred charges and accrued income | 490/1 | €3,153 | €3,286 | +€134 | +4.2% |
| Total equity and liabilities | 10/49 | €1,134,839 | €1,371,092 | +€236,253 | +20.8% |
| Equity | 10/15 | €900,247 | €1,090,889 | +€190,643 | +21.2% |
| Contributions | 10/11 | €25,885 | €25,885 | = | 0.0% |
| Reserves | 13 | €703,227 | €893,870 | +€190,643 | +27.1% |
| Tax-exempt reserves | 132 | €62,327 | €62,327 | = | 0.0% |
| Distributable reserves | 133 | €640,900 | €831,542 | +€190,643 | +29.7% |
| Profit (loss) carried forward | 14 | €171,134 | €171,134 | = | 0.0% |
| Amounts payable | 17/49 | €234,592 | €280,203 | +€45,610 | +19.4% |
| Amounts payable within one year | 42/48 | €219,299 | €266,004 | +€46,705 | +21.3% |
| Trade debts | 44 | €620 | €1,554 | +€934 | +150.8% |
| Suppliers | 440/4 | €620 | €1,554 | +€934 | +150.8% |
| Taxes, remuneration and social security | 45 | €22,867 | €59,805 | +€36,938 | +161.5% |
| Taxes | 450/3 | €22,867 | €59,805 | +€36,938 | +161.5% |
| Other amounts payable | 47/48 | €195,813 | €204,645 | +€8,833 | +4.5% |
| Accrued charges and deferred income | 492/3 | €15,294 | €14,199 | -€1,095 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,646 | €11,539 | -€108 | -0.9% |
| Other operating charges | 640/8 | €20,770 | €21,545 | +€775 | +3.7% |
| Gross operating margin | 9900 | €224,120 | €337,733 | +€113,613 | +50.7% |
| Operating profit (loss) | 9901 | €191,704 | €304,650 | +€112,946 | +58.9% |
| Financial income | 75/76B | €13,260 | €10,112 | -€3,148 | -23.7% |
| Recurring financial income | 75 | €13,260 | €10,112 | -€3,148 | -23.7% |
| Financial charges | 65/66B | €16,529 | €14,905 | -€1,623 | -9.8% |
| Recurring financial charges | 65 | €16,529 | €14,905 | -€1,623 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €188,436 | €299,856 | +€111,421 | +59.1% |
| Income taxes | 67/77 | €60,468 | €96,139 | +€35,671 | +59.0% |
| Profit (loss) for the period | 9904 | €127,968 | €203,718 | +€75,750 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,968 | €203,718 | +€75,750 | +59.2% |
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 5 October 2026 via checked.be.