PLUIMPAPAVER: 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.
PLUIMPAPAVER
Largest movements
- Cash +€13,050
up €13,050 (+35.5%), from €36,798 to €49,848
mainly Net result for the year (+€18,640) and Depreciation (+€12,220)
- Deferred charges and accrued income -€11,768
down €11,768 (-34.2%), from €34,408 to €22,640
- Receivables within one year +€6,380
up €6,380 (+40.7%), from €15,690 to €22,070
of which Trade receivables: +€6,234
- Receivables after one year -€4,212
down €4,212 (-6.1%), from €69,302 to €65,089
- Debts after one year -€18,395
down €18,395 (-33.3%), from €55,310 to €36,914
- Reserves +€10,640
up €10,640 (+13.2%), from €80,832 to €91,472
- Advances received +€10,574
up €10,574 (+473.2%), from €2,235 to €12,809
- Other debts +€8,250
up €8,250 (+800.2%), from €1,031 to €9,281
- Current portion of long-term debt -€4,721
down €4,721 (-19.4%), from €24,391 to €19,670
- Gross operating margin +€6,073
up €6,073 (+17.8%), from €34,095 to €40,168
- Depreciation +€1,159
up €1,159 (+10.5%), from €11,061 to €12,220
- Financial charges -€635
down €635 (-20.6%), from €3,078 to €2,443
- Taxes -€488
down €488 (-7.0%), from €6,939 to €6,451
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 | €202,147 | €207,568 | +€5,421 | +2.7% |
| Fixed assets | 21/28 | €45,048 | €46,511 | +€1,462 | +3.2% |
| Tangible fixed assets | 22/27 | €44,928 | €46,426 | +€1,498 | +3.3% |
| Land and buildings | 22 | €3,700 | €3,700 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,856 | €15,950 | +€8,094 | +103.0% |
| Furniture and vehicles | 24 | €8,265 | €4,704 | -€3,561 | -43.1% |
| Other tangible fixed assets | 26 | €25,106 | €22,072 | -€3,034 | -12.1% |
| Financial fixed assets | 28 | €121 | €84 | -€36 | -30.0% |
| Current assets | 29/58 | €157,098 | €161,057 | +€3,959 | +2.5% |
| Amounts receivable after more than one year | 29 | €69,302 | €65,089 | -€4,212 | -6.1% |
| Other amounts receivable | 291 | €69,302 | €65,089 | -€4,212 | -6.1% |
| Stocks and contracts in progress | 3 | €901 | €1,410 | +€509 | +56.6% |
| Stocks | 30/36 | €901 | €1,410 | +€509 | +56.6% |
| Amounts receivable within one year | 40/41 | €15,690 | €22,070 | +€6,380 | +40.7% |
| Trade receivables | 40 | €11,586 | €17,820 | +€6,234 | +53.8% |
| Other amounts receivable | 41 | €4,104 | €4,250 | +€146 | +3.6% |
| Cash at bank and in hand | 54/58 | €36,798 | €49,848 | +€13,050 | +35.5% |
| Deferred charges and accrued income | 490/1 | €34,408 | €22,640 | -€11,768 | -34.2% |
| Total equity and liabilities | 10/49 | €202,147 | €207,568 | +€5,421 | +2.7% |
| Equity | 10/15 | €100,832 | €111,472 | +€10,640 | +10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,832 | €91,472 | +€10,640 | +13.2% |
| Distributable reserves | 133 | €80,832 | €91,472 | +€10,640 | +13.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €101,315 | €96,096 | -€5,219 | -5.2% |
| Amounts payable after more than one year | 17 | €55,310 | €36,914 | -€18,395 | -33.3% |
| Financial debts | 170/4 | €55,310 | €36,914 | -€18,395 | -33.3% |
| Amounts payable within one year | 42/48 | €45,618 | €56,446 | +€10,828 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €24,391 | €19,670 | -€4,721 | -19.4% |
| Trade debts | 44 | €13,077 | €9,060 | -€4,016 | -30.7% |
| Suppliers | 440/4 | €13,077 | €9,060 | -€4,016 | -30.7% |
| Advances received on contracts in progress | 46 | €2,235 | €12,809 | +€10,574 | +473.2% |
| Taxes, remuneration and social security | 45 | €4,884 | €5,625 | +€741 | +15.2% |
| Taxes | 450/3 | €4,884 | €5,625 | +€741 | +15.2% |
| Other amounts payable | 47/48 | €1,031 | €9,281 | +€8,250 | +800.2% |
| Accrued charges and deferred income | 492/3 | €387 | €2,736 | +€2,349 | +606.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,061 | €12,220 | +€1,159 | +10.5% |
| Other operating charges | 640/8 | €2,099 | €2,289 | +€190 | +9.0% |
| Gross operating margin | 9900 | €34,095 | €40,168 | +€6,073 | +17.8% |
| Operating profit (loss) | 9901 | €20,935 | €25,659 | +€4,724 | +22.6% |
| Financial income | 75/76B | €1,980 | €1,874 | -€106 | -5.4% |
| Recurring financial income | 75 | €1,980 | €1,874 | -€106 | -5.4% |
| Financial charges | 65/66B | €3,078 | €2,443 | -€635 | -20.6% |
| Recurring financial charges | 65 | €3,078 | €2,443 | -€635 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €19,838 | €25,091 | +€5,253 | +26.5% |
| Income taxes | 67/77 | €6,939 | €6,451 | -€488 | -7.0% |
| Profit (loss) for the period | 9904 | €12,898 | €18,640 | +€5,741 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,898 | €18,640 | +€5,741 | +44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.