PLUGZERO: 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.
PLUGZERO
Largest movements
- Receivables within one year +€78,476
up €78,476 (+67.7%), from €115,920 to €194,396
of which Trade receivables: +€72,638
- Cash +€75,021
up €75,021 (+288%), from €26,032 to €101,053
mainly Trade debts (+€167,081) and Net result for the year (+€11,219)
- Tangible fixed assets +€26,078
up €26,078 (+2,979%), from €875 to €26,953
- Trade debts +€167,081
up €167,081 (+133%), from €126,094 to €293,175
- Reserves +€11,000
up €11,000 (+138%), from €8,000 to €19,000
- Tax, wage and social debts +€3,739
up €3,739 (+141%), from €2,654 to €6,393
- Financial income +€4,926
up €4,926 (+120%), from €4,097 to €9,023
- Taxes +€1,084
up €1,084 (+40.9%), from €2,654 to €3,739
- Depreciation +€547
up €547 (+473%), from €116 to €663
- Other operating charges +€419
up €419 (+806%), from €52 to €471
- Financial charges -€178
down €178 (-39.4%), from €451 to €273
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 | €157,478 | €340,298 | +€182,820 | +116% |
| Fixed assets | 21/28 | €875 | €26,953 | +€26,078 | +2,979% |
| Tangible fixed assets | 22/27 | €875 | €26,953 | +€26,078 | +2,979% |
| Furniture and vehicles | 24 | €875 | €26,953 | +€26,078 | +2,979% |
| Current assets | 29/58 | €156,602 | €313,344 | +€156,742 | +100% |
| Stocks and contracts in progress | 3 | €14,650 | €17,260 | +€2,610 | +17.8% |
| Stocks | 30/36 | €14,650 | €17,260 | +€2,610 | +17.8% |
| Amounts receivable within one year | 40/41 | €115,920 | €194,396 | +€78,476 | +67.7% |
| Trade receivables | 40 | €72,633 | €145,271 | +€72,638 | +100% |
| Other amounts receivable | 41 | €43,287 | €49,125 | +€5,838 | +13.5% |
| Cash at bank and in hand | 54/58 | €26,032 | €101,053 | +€75,021 | +288% |
| Deferred charges and accrued income | 490/1 | - | €635 | +€635 | |
| Total equity and liabilities | 10/49 | €157,478 | €340,298 | +€182,820 | +116% |
| Equity | 10/15 | €28,013 | €39,232 | +€11,219 | +40.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €19,000 | +€11,000 | +138% |
| Distributable reserves | 133 | €8,000 | €19,000 | +€11,000 | +138% |
| Profit (loss) carried forward | 14 | €13 | €232 | +€219 | +1,625% |
| Amounts payable | 17/49 | €129,464 | €301,065 | +€171,601 | +133% |
| Amounts payable within one year | 42/48 | €129,464 | €301,065 | +€171,601 | +133% |
| Trade debts | 44 | €126,094 | €293,175 | +€167,081 | +133% |
| Suppliers | 440/4 | €126,094 | €293,175 | +€167,081 | +133% |
| Advances received on contracts in progress | 46 | €128 | €229 | +€102 | +79.5% |
| Taxes, remuneration and social security | 45 | €2,654 | €6,393 | +€3,739 | +141% |
| Taxes | 450/3 | €2,654 | €6,393 | +€3,739 | +141% |
| Other amounts payable | 47/48 | €588 | €1,268 | +€680 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €663 | +€547 | +473% |
| Other operating charges | 640/8 | €52 | €471 | +€419 | +806% |
| Gross operating margin | 9900 | €7,190 | €7,342 | +€152 | +2.1% |
| Operating profit (loss) | 9901 | €7,022 | €6,208 | -€814 | -11.6% |
| Financial income | 75/76B | €4,097 | €9,023 | +€4,926 | +120% |
| Recurring financial income | 75 | €4,097 | €9,023 | +€4,926 | +120% |
| Financial charges | 65/66B | €451 | €273 | -€178 | -39.4% |
| Recurring financial charges | 65 | €451 | €273 | -€178 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €10,668 | €14,958 | +€4,290 | +40.2% |
| Income taxes | 67/77 | €2,654 | €3,739 | +€1,084 | +40.9% |
| Profit (loss) for the period | 9904 | €8,013 | €11,219 | +€3,205 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,013 | €11,219 | +€3,205 | +40.0% |
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 15 October 2026 via checked.be.