PLUG AND PLAY: what changed
Two financial 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.
PLUG AND PLAY
Largest movements
- Cash -€37,393
down €37,393 (-52.7%), from €71,005 to €33,612
mainly Net result for the year (-€50,182) and Investment in fixed assets (net) (-€16,245)
- Profit (loss) carried forward -€50,182
down €50,182 (-22.7%), from -€220,924 to -€271,105
- Other debts +€22,035
up €22,035 (+6.1%), from €362,151 to €384,187
- Tax, wage and social debts -€4,856
no longer reported in 2025 (was €4,856)
- Accrued charges and deferred income -€2,415
down €2,415 (-8.4%), from €28,640 to €26,225
- Gross operating margin -€101,821
down €101,821, from €96,849 to -€4,973
- Financial charges -€5,913
down €5,913 (-18.3%), from €32,380 to €26,467
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.
Derived cash bridge
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 | €183,252 | €147,325 | -€35,927 | -19.6% |
| Fixed assets | 21/28 | €105,500 | €104,331 | -€1,170 | -1.1% |
| Tangible fixed assets | 22/27 | €105,500 | €104,331 | -€1,170 | -1.1% |
| Land and buildings | 22 | €50,410 | €45,951 | -€4,459 | -8.8% |
| Plant, machinery and equipment | 23 | €3,351 | €17,682 | +€14,331 | +428% |
| Furniture and vehicles | 24 | €13,265 | €9,790 | -€3,475 | -26.2% |
| Other tangible fixed assets | 26 | €38,474 | €30,907 | -€7,566 | -19.7% |
| Current assets | 29/58 | €77,752 | €42,994 | -€34,758 | -44.7% |
| Amounts receivable within one year | 40/41 | €1,282 | €2,792 | +€1,510 | +118% |
| Trade receivables | 40 | €1,250 | €0 | -€1,250 | -100.0% |
| Other amounts receivable | 41 | €31 | €2,791 | +€2,760 | +8,803% |
| Cash at bank and in hand | 54/58 | €71,005 | €33,612 | -€37,393 | -52.7% |
| Deferred charges and accrued income | 490/1 | €5,465 | €6,591 | +€1,126 | +20.6% |
| Total equity and liabilities | 10/49 | €183,252 | €147,325 | -€35,927 | -19.6% |
| Equity | 10/15 | -€214,724 | -€264,905 | -€50,182 | -23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,924 | -€271,105 | -€50,182 | -22.7% |
| Amounts payable | 17/49 | €397,976 | €412,230 | +€14,254 | +3.6% |
| Amounts payable within one year | 42/48 | €369,336 | €386,005 | +€16,669 | +4.5% |
| Trade debts | 44 | €2,329 | €1,819 | -€510 | -21.9% |
| Suppliers | 440/4 | €2,329 | €1,819 | -€510 | -21.9% |
| Taxes, remuneration and social security | 45 | €4,856 | - | -€4,856 | |
| Taxes | 450/3 | €4,856 | - | -€4,856 | |
| Other amounts payable | 47/48 | €362,151 | €384,187 | +€22,035 | +6.1% |
| Accrued charges and deferred income | 492/3 | €28,640 | €26,225 | -€2,415 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,961 | €17,415 | +€453 | +2.7% |
| Other operating charges | 640/8 | €1,144 | €1,037 | -€107 | -9.4% |
| Gross operating margin | 9900 | €96,849 | -€4,973 | -€101,821 | |
| Operating profit (loss) | 9901 | €78,743 | -€23,424 | -€102,168 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €32,380 | €26,467 | -€5,913 | -18.3% |
| Recurring financial charges | 65 | €32,380 | €26,467 | -€5,913 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €46,363 | -€49,891 | -€96,254 | |
| Income taxes | 67/77 | €269 | €290 | +€22 | +8.1% |
| Profit (loss) for the period | 9904 | €46,095 | -€50,182 | -€96,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,095 | -€50,182 | -€96,276 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.