PLUGES: 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.
PLUGES
Largest movements
- Cash +€42,324
up €42,324 (+32.7%), from €129,259 to €171,583
mainly Net result for the year (+€24,574) and Tax, wage and social debts (+€22,295)
- Receivables within one year -€15,095
down €15,095 (-6.2%), from €244,340 to €229,245
of which Trade receivables: -€15,107
- Deferred charges and accrued income -€13,264
down €13,264 (-41.7%), from €31,844 to €18,580
- Intangible fixed assets -€12,840
down €12,840 (-60.5%), from €21,234 to €8,394
- Trade debts -€46,342
down €46,342 (-43.4%), from €106,728 to €60,386
- Reserves +€24,574
up €24,574 (+16.9%), from €145,174 to €169,748
- Tax, wage and social debts +€22,295
up €22,295 (+15.6%), from €142,724 to €165,019
of which Remuneration and social security: +€25,363
- Gross operating margin +€40,767
up €40,767 (+4.5%), from €912,686 to €953,453
- Staff costs +€40,401
up €40,401 (+4.8%), from €843,895 to €884,296
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,328 | €435,000 | -€328 | -0.1% |
| Fixed assets | 21/28 | €29,884 | €15,592 | -€14,293 | -47.8% |
| Intangible fixed assets | 21 | €21,234 | €8,394 | -€12,840 | -60.5% |
| Tangible fixed assets | 22/27 | €8,650 | €7,198 | -€1,453 | -16.8% |
| Furniture and vehicles | 24 | €8,650 | €7,198 | -€1,453 | -16.8% |
| Current assets | 29/58 | €405,443 | €419,408 | +€13,965 | +3.4% |
| Amounts receivable within one year | 40/41 | €244,340 | €229,245 | -€15,095 | -6.2% |
| Trade receivables | 40 | €244,300 | €229,193 | -€15,107 | -6.2% |
| Other amounts receivable | 41 | €40 | €52 | +€12 | +30.5% |
| Cash at bank and in hand | 54/58 | €129,259 | €171,583 | +€42,324 | +32.7% |
| Deferred charges and accrued income | 490/1 | €31,844 | €18,580 | -€13,264 | -41.7% |
| Total equity and liabilities | 10/49 | €435,328 | €435,000 | -€328 | -0.1% |
| Equity | 10/15 | €181,174 | €205,748 | +€24,574 | +13.6% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €145,174 | €169,748 | +€24,574 | +16.9% |
| Distributable reserves | 133 | €145,174 | €169,748 | +€24,574 | +16.9% |
| Amounts payable | 17/49 | €254,154 | €229,251 | -€24,902 | -9.8% |
| Amounts payable within one year | 42/48 | €249,453 | €225,405 | -€24,047 | -9.6% |
| Trade debts | 44 | €106,728 | €60,386 | -€46,342 | -43.4% |
| Suppliers | 440/4 | €106,728 | €60,386 | -€46,342 | -43.4% |
| Taxes, remuneration and social security | 45 | €142,724 | €165,019 | +€22,295 | +15.6% |
| Taxes | 450/3 | €29,467 | €26,398 | -€3,069 | -10.4% |
| Remuneration and social security | 454/9 | €113,258 | €138,621 | +€25,363 | +22.4% |
| Accrued charges and deferred income | 492/3 | €4,701 | €3,846 | -€855 | -18.2% |
| Remuneration, social security and pensions | 62 | €843,895 | €884,296 | +€40,401 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,753 | €18,547 | -€2,206 | -10.6% |
| Other operating charges | 640/8 | €2,118 | €1,586 | -€533 | -25.1% |
| Non-recurring operating charges | 66A | - | €1,385 | +€1,385 | |
| Gross operating margin | 9900 | €912,686 | €953,453 | +€40,767 | +4.5% |
| Operating profit (loss) | 9901 | €45,920 | €47,639 | +€1,719 | +3.7% |
| Financial income | 75/76B | €1 | €24 | +€24 | +3,625% |
| Recurring financial income | 75 | €1 | €24 | +€24 | +3,625% |
| Financial charges | 65/66B | €309 | €379 | +€70 | +22.7% |
| Recurring financial charges | 65 | €309 | €379 | +€70 | +22.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €45,612 | €47,285 | +€1,672 | +3.7% |
| Income taxes | 67/77 | €23,159 | €22,710 | -€449 | -1.9% |
| Profit (loss) for the period | 9904 | €22,453 | €24,574 | +€2,121 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,453 | €24,574 | +€2,121 | +9.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.