PluginCompany: 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.
What changed
PluginCompany
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€235,233
2024 · €265,707-€30,474
Equity
€643,977
2024 · €510,544+€133,433
Cash
€122,078
2024 · €111,594+€10,484
Balance sheet total
€851,529
2024 · €815,414+€36,115
Largest movements
Assets
- Receivables within one year +€31,969
up €31,969 (+4.8%), from €665,122 to €697,091
of which Other amounts receivable: +€38,502
- Cash +€10,484
up €10,484 (+9.4%), from €111,594 to €122,078
mainly Net result for the year (+€235,233) and Depreciation (+€10,923)
Equity and liabilities
- Profit (loss) carried forward +€135,233
up €135,233, from -€125,606 to €9,627
- Short-term financial debts -€79,334
down €79,334 (-99.8%), from €79,500 to €166
- Other debts -€20,352
down €20,352 (-13.0%), from €156,289 to €135,937
Income statement
- Gross operating margin -€32,015
down €32,015 (-11.3%), from €282,939 to €250,924
- Financial income +€3,087
up €3,087 (+37.1%), from €8,317 to €11,404
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.
Result 2024
€265,707
Gross operating margin
-€32,015
Staff costs
+€181
Depreciation
-€2,509
Other operating charges
+€764
Financial income
+€3,087
Financial charges
-€110
Taxes
+€128
Result 2025
€235,233
raises the resultlowers the result
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.
From operations
+€197,642
Investment
-€6,025
Financing
-€181,134
Cash 2024
€111,594
From operations (derived)
+€197,642
Net result for the year
+€235,233
Depreciation
+€10,923
Receivables within one year
-€31,969
Deferred charges and accrued income
+€1,439
Trade debts
+€4,533
Tax, wage and social debts
+€50
Other debts
-€20,352
Accrued charges and deferred income
-€2,214
Investment (derived)
-€6,025
Investment in fixed assets (net)
-€6,025
Financing
-€181,134
Short-term financial debts
-€79,334
Contributions, distributions and other
-€101,800
Cash 2025
€122,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €815,414 | €851,529 | +€36,115 | +4.4% |
| Fixed assets | 21/28 | €37,201 | €32,303 | -€4,898 | -13.2% |
| Intangible fixed assets | 21 | €29,150 | €27,197 | -€1,953 | -6.7% |
| Tangible fixed assets | 22/27 | €7,714 | €4,744 | -€2,970 | -38.5% |
| Furniture and vehicles | 24 | €5,956 | €3,185 | -€2,771 | -46.5% |
| Other tangible fixed assets | 26 | €1,758 | €1,559 | -€199 | -11.3% |
| Financial fixed assets | 28 | €337 | €362 | +€25 | +7.4% |
| Current assets | 29/58 | €778,213 | €819,226 | +€41,013 | +5.3% |
| Amounts receivable within one year | 40/41 | €665,122 | €697,091 | +€31,969 | +4.8% |
| Trade receivables | 40 | €414,905 | €408,372 | -€6,533 | -1.6% |
| Other amounts receivable | 41 | €250,217 | €288,719 | +€38,502 | +15.4% |
| Cash at bank and in hand | 54/58 | €111,594 | €122,078 | +€10,484 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,496 | €57 | -€1,439 | -96.2% |
| Total equity and liabilities | 10/49 | €815,414 | €851,529 | +€36,115 | +4.4% |
| Equity | 10/15 | €510,544 | €643,977 | +€133,433 | +26.1% |
| Contributions | 10/11 | €346,200 | €346,200 | = | 0.0% |
| Reserves | 13 | €7,439 | €7,439 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,579 | €5,579 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€125,606 | €9,627 | +€135,233 | |
| Investment grants | 15 | €282,511 | €280,711 | -€1,800 | -0.6% |
| Provisions and deferred taxes | 16 | €2,886 | €2,886 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,886 | €2,886 | = | 0.0% |
| Environmental obligations | 163 | - | €2,886 | +€2,886 | |
| Other liabilities and charges | 164/5 | €2,886 | - | -€2,886 | |
| Amounts payable | 17/49 | €301,984 | €204,666 | -€97,318 | -32.2% |
| Amounts payable within one year | 42/48 | €294,379 | €199,276 | -€95,103 | -32.3% |
| Financial debts | 43 | €79,500 | €166 | -€79,334 | -99.8% |
| Credit institutions | 430/8 | €79,500 | €166 | -€79,334 | -99.8% |
| Trade debts | 44 | €57,052 | €61,585 | +€4,533 | +7.9% |
| Suppliers | 440/4 | €57,052 | €61,585 | +€4,533 | +7.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,538 | €1,588 | +€50 | +3.2% |
| Taxes | 450/3 | €1,538 | €1,588 | +€50 | +3.2% |
| Other amounts payable | 47/48 | €156,289 | €135,937 | -€20,352 | -13.0% |
| Accrued charges and deferred income | 492/3 | €7,604 | €5,390 | -€2,214 | -29.1% |
| Remuneration, social security and pensions | 62 | €181 | - | -€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,414 | €10,923 | +€2,509 | +29.8% |
| Other operating charges | 640/8 | €2,128 | €1,364 | -€764 | -35.9% |
| Gross operating margin | 9900 | €282,939 | €250,924 | -€32,015 | -11.3% |
| Operating profit (loss) | 9901 | €272,216 | €238,637 | -€33,579 | -12.3% |
| Financial income | 75/76B | €8,317 | €11,404 | +€3,087 | +37.1% |
| Recurring financial income | 75 | €8,317 | €11,404 | +€3,087 | +37.1% |
| Financial charges | 65/66B | €14,397 | €14,507 | +€110 | +0.8% |
| Recurring financial charges | 65 | €14,397 | €14,507 | +€110 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €266,136 | €235,534 | -€30,602 | -11.5% |
| Income taxes | 67/77 | €429 | €301 | -€128 | -29.8% |
| Profit (loss) for the period | 9904 | €265,707 | €235,233 | -€30,474 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €265,707 | €235,233 | -€30,474 | -11.5% |
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 20 October 2026 via checked.be.