Plug Power Antwerpen: 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 Power Antwerpen
Largest movements
- Cash -€439,889
down €439,889 (-81.7%), from €538,570 to €98,681
mainly Net result for the year (-€742,070) and Other debts (-€160,500)
- Receivables within one year -€193,744
down €193,744 (-99.9%), from €193,995 to €250
of which Trade receivables: -€157,575
- Profit (loss) carried forward -€742,070
down €742,070 (-4.7%), from -€15.8m to -€16.5m
- Trade debts +€263,682
up €263,682 (+737%), from €35,769 to €299,451
- Other debts -€160,500
down €160,500 (-2.3%), from €6.8m to €6.7m
- Services and other goods -€209,438
down €209,438 (-23.8%), from €879,114 to €669,676
- Other operating charges -€80,521
down €80,521 (-53.9%), from €149,486 to €68,965
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 | €732,565 | €98,932 | -€633,633 | -86.5% |
| Current assets | 29/58 | €732,565 | €98,932 | -€633,633 | -86.5% |
| Amounts receivable within one year | 40/41 | €193,995 | €250 | -€193,744 | -99.9% |
| Trade receivables | 40 | €157,575 | - | -€157,575 | |
| Other amounts receivable | 41 | €36,420 | €250 | -€36,169 | -99.3% |
| Cash at bank and in hand | 54/58 | €538,570 | €98,681 | -€439,889 | -81.7% |
| Total equity and liabilities | 10/49 | €732,565 | €98,932 | -€633,633 | -86.5% |
| Equity | 10/15 | -€6,301,420 | -€7,043,491 | -€742,070 | -11.8% |
| Contributions | 10/11 | €9,500,000 | €9,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,801,420 | -€16,543,491 | -€742,070 | -4.7% |
| Amounts payable | 17/49 | €7,033,985 | €7,142,422 | +€108,437 | +1.5% |
| Amounts payable within one year | 42/48 | €6,872,986 | €6,976,168 | +€103,182 | +1.5% |
| Trade debts | 44 | €35,769 | €299,451 | +€263,682 | +737% |
| Suppliers | 440/4 | €35,769 | €299,451 | +€263,682 | +737% |
| Other amounts payable | 47/48 | €6,837,216 | €6,676,716 | -€160,500 | -2.3% |
| Accrued charges and deferred income | 492/3 | €160,999 | €166,254 | +€5,255 | +3.3% |
| Operating charges | 60/66A | €1,882,858 | €738,641 | -€1.1m | -60.8% |
| Services and other goods | 61 | €879,114 | €669,676 | -€209,438 | -23.8% |
| Other operating charges | 640/8 | €149,486 | €68,965 | -€80,521 | -53.9% |
| Non-recurring operating charges | 66A | €854,259 | - | -€854,259 | |
| Operating profit (loss) | 9901 | -€1,882,858 | -€738,641 | +€1.1m | +60.8% |
| Financial charges | 65/66B | €3,023 | €3,430 | +€406 | +13.4% |
| Recurring financial charges | 65 | €3,023 | €3,430 | +€406 | +13.4% |
| Other financial charges | 652/9 | €3,023 | €3,430 | +€406 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,885,882 | -€742,070 | +€1.1m | +60.7% |
| Profit (loss) for the period | 9904 | -€1,885,882 | -€742,070 | +€1.1m | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,885,882 | -€742,070 | +€1.1m | +60.7% |
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 23 October 2026 via checked.be.