PLUG IMMO: 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.
PLUG IMMO
Largest movements
- Tangible fixed assets -€34,879
down €34,879 (-7.0%), from €497,126 to €462,246
- Cash +€14,688
up €14,688 (+208.0%), from €7,063 to €21,752
mainly Net result for the year (+€77,031) and Depreciation (+€34,879)
- Debts after one year -€87,819
down €87,819 (-47.7%), from €183,955 to €96,136
- Reserves +€75,365
up €75,365 (+27.4%), from €275,514 to €350,879
- Tax, wage and social debts -€6,434
down €6,434 (-36.0%), from €17,870 to €11,436
of which Taxes: -€6,434
- Financial charges -€4,208
down €4,208 (-32.4%), from €12,994 to €8,786
- Taxes +€1,549
up €1,549 (+5.6%), from €27,689 to €29,238
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 | €535,278 | €516,594 | -€18,685 | -3.5% |
| Fixed assets | 21/28 | €497,126 | €462,246 | -€34,879 | -7.0% |
| Tangible fixed assets | 22/27 | €497,126 | €462,246 | -€34,879 | -7.0% |
| Land and buildings | 22 | €497,126 | €462,246 | -€34,879 | -7.0% |
| Current assets | 29/58 | €38,153 | €54,347 | +€16,195 | +42.4% |
| Amounts receivable within one year | 40/41 | €30,643 | €32,089 | +€1,446 | +4.7% |
| Trade receivables | 40 | €30,643 | €31,327 | +€684 | +2.2% |
| Other amounts receivable | 41 | - | €762 | +€762 | |
| Cash at bank and in hand | 54/58 | €7,063 | €21,752 | +€14,688 | +208.0% |
| Deferred charges and accrued income | 490/1 | €446 | €506 | +€60 | +13.5% |
| Total equity and liabilities | 10/49 | €535,278 | €516,594 | -€18,685 | -3.5% |
| Equity | 10/15 | €281,714 | €357,079 | +€75,365 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,514 | €350,879 | +€75,365 | +27.4% |
| Distributable reserves | 133 | €275,514 | €350,879 | +€75,365 | +27.4% |
| Amounts payable | 17/49 | €253,565 | €159,515 | -€94,050 | -37.1% |
| Amounts payable after more than one year | 17 | €183,955 | €96,136 | -€87,819 | -47.7% |
| Financial debts | 170/4 | €183,955 | €96,136 | -€87,819 | -47.7% |
| Amounts payable within one year | 42/48 | €67,992 | €63,379 | -€4,614 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €45,505 | €47,819 | +€2,314 | +5.1% |
| Trade debts | 44 | €1,891 | €2,377 | +€485 | +25.7% |
| Suppliers | 440/4 | €1,891 | €2,377 | +€485 | +25.7% |
| Taxes, remuneration and social security | 45 | €17,870 | €11,436 | -€6,434 | -36.0% |
| Taxes | 450/3 | €17,720 | €11,286 | -€6,434 | -36.3% |
| Remuneration and social security | 454/9 | €150 | €150 | = | 0.0% |
| Other amounts payable | 47/48 | €2,726 | €1,746 | -€979 | -35.9% |
| Accrued charges and deferred income | 492/3 | €1,617 | - | -€1,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,880 | €34,879 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,755 | €3,615 | -€140 | -3.7% |
| Gross operating margin | 9900 | €152,944 | €153,549 | +€605 | +0.4% |
| Operating profit (loss) | 9901 | €114,310 | €115,055 | +€745 | +0.7% |
| Financial charges | 65/66B | €12,994 | €8,786 | -€4,208 | -32.4% |
| Recurring financial charges | 65 | €12,994 | €8,786 | -€4,208 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €101,316 | €106,269 | +€4,953 | +4.9% |
| Income taxes | 67/77 | €27,689 | €29,238 | +€1,549 | +5.6% |
| Profit (loss) for the period | 9904 | €73,627 | €77,031 | +€3,404 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,627 | €77,031 | +€3,404 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.