Plug and Play Belgium: what changed
Plug and Play Belgium
Largest movements
- Receivables within one year +€133,311
up €133,311 (+6.3%), from €2.1m to €2.2m
of which Other amounts receivable: +€215,365
- Cash -€74,026
down €74,026 (-89.4%), from €82,764 to €8,739
mainly Trade debts (-€172,580) and Receivables within one year (-€133,311)
- Other debts +€345,936
up €345,936 (+21.1%), from €1.6m to €2.0m
- Trade debts -€172,580
down €172,580 (-72.8%), from €236,993 to €64,413
- Accrued charges and deferred income -€83,309
down €83,309 (-79.2%), from €105,245 to €21,936
- Tax, wage and social debts -€39,664
down €39,664 (-51.3%), from €77,378 to €37,714
of which Taxes: -€35,002
- Gross operating margin -€454,860
down €454,860 (-82.7%), from €550,179 to €95,319
- Staff costs -€395,686
down €395,686 (-82.6%), from €479,257 to €83,570
- Taxes -€17,368
down €17,368 (-89.2%), from €19,479 to €2,110
- Financial charges -€13,427
down €13,427 (-92.6%), from €14,498 to €1,071
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 | €2,205,012 | €2,260,920 | +€55,909 | +2.5% |
| Fixed assets | 21/28 | €4,179 | €681 | -€3,498 | -83.7% |
| Tangible fixed assets | 22/27 | €2,179 | €256 | -€1,923 | -88.3% |
| Furniture and vehicles | 24 | €2,179 | €256 | -€1,923 | -88.3% |
| Financial fixed assets | 28 | €2,000 | €425 | -€1,575 | -78.8% |
| Current assets | 29/58 | €2,200,833 | €2,260,240 | +€59,407 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,116,068 | €2,249,380 | +€133,311 | +6.3% |
| Trade receivables | 40 | €166,572 | €84,519 | -€82,053 | -49.3% |
| Other amounts receivable | 41 | €1,949,496 | €2,164,860 | +€215,365 | +11.0% |
| Cash at bank and in hand | 54/58 | €82,764 | €8,739 | -€74,026 | -89.4% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,121 | +€121 | +6.1% |
| Total equity and liabilities | 10/49 | €2,205,012 | €2,260,920 | +€55,909 | +2.5% |
| Equity | 10/15 | €148,582 | €154,108 | +€5,526 | +3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,582 | €134,108 | +€5,526 | +4.3% |
| Distributable reserves | 133 | €128,582 | €134,108 | +€5,526 | +4.3% |
| Amounts payable | 17/49 | €2,056,429 | €2,106,812 | +€50,383 | +2.5% |
| Amounts payable within one year | 42/48 | €1,951,184 | €2,084,876 | +€133,692 | +6.9% |
| Trade debts | 44 | €236,993 | €64,413 | -€172,580 | -72.8% |
| Suppliers | 440/4 | €236,993 | €64,413 | -€172,580 | -72.8% |
| Taxes, remuneration and social security | 45 | €77,378 | €37,714 | -€39,664 | -51.3% |
| Taxes | 450/3 | €59,798 | €24,795 | -€35,002 | -58.5% |
| Remuneration and social security | 454/9 | €17,580 | €12,918 | -€4,662 | -26.5% |
| Other amounts payable | 47/48 | €1,636,814 | €1,982,750 | +€345,936 | +21.1% |
| Accrued charges and deferred income | 492/3 | €105,245 | €21,936 | -€83,309 | -79.2% |
| Remuneration, social security and pensions | 62 | €479,257 | €83,570 | -€395,686 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,652 | €1,923 | -€3,729 | -66.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €550,179 | €95,319 | -€454,860 | -82.7% |
| Operating profit (loss) | 9901 | €64,185 | €8,707 | -€55,478 | -86.4% |
| Financial income | 75/76B | €54 | €0 | -€54 | -99.8% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -99.8% |
| Financial charges | 65/66B | €14,498 | €1,071 | -€13,427 | -92.6% |
| Recurring financial charges | 65 | €14,498 | €1,071 | -€13,427 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €49,740 | €7,636 | -€42,104 | -84.6% |
| Income taxes | 67/77 | €19,479 | €2,110 | -€17,368 | -89.2% |
| Profit (loss) for the period | 9904 | €30,261 | €5,526 | -€24,736 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,261 | €5,526 | -€24,736 | -81.7% |
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 2 November 2026 via checked.be.