PLUMAC: 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.
PLUMAC
Largest movements
- Cash +€64,130
up €64,130 (+42.2%), from €151,797 to €215,927
mainly Trade debts (+€39,637) and Net result for the year (+€29,179)
- Receivables within one year -€19,968
down €19,968 (-38.9%), from €51,331 to €31,363
of which Trade receivables: -€18,515
- Deferred charges and accrued income +€11,457
up €11,457 (+66.0%), from €17,361 to €28,818
- Receivables after one year -€3,849
down €3,849 (-100.0%), from €3,849 to €0
- Trade debts +€39,637
up €39,637 (+2253.6%), from €1,759 to €41,396
- Other debts +€13,037
up €13,037, from €0 to €13,037
- Reserves -€4,503
down €4,503 (-2.1%), from €213,982 to €209,479
- Tax, wage and social debts +€3,694
up €3,694 (+29.7%), from €12,432 to €16,126
- Gross operating margin +€44,901
up €44,901 (+335.1%), from €13,401 to €58,302
- Taxes +€13,357
up €13,357 (+853.1%), from €1,566 to €14,922
- Depreciation +€5,708
up €5,708 (+109.0%), from €5,238 to €10,946
- Write-downs -€2,725
down €2,725 (-100.0%), from €2,725 to €0
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 | €247,478 | €298,833 | +€51,355 | +20.8% |
| Fixed assets | 21/28 | €23,140 | €22,726 | -€414 | -1.8% |
| Tangible fixed assets | 22/27 | €23,140 | €22,726 | -€414 | -1.8% |
| Plant, machinery and equipment | 23 | €2,076 | €2,866 | +€790 | +38.1% |
| Furniture and vehicles | 24 | €21,064 | €19,860 | -€1,204 | -5.7% |
| Current assets | 29/58 | €224,338 | €276,108 | +€51,769 | +23.1% |
| Amounts receivable after more than one year | 29 | €3,849 | €0 | -€3,849 | -100.0% |
| Other amounts receivable | 291 | €3,849 | €0 | -€3,849 | -100.0% |
| Amounts receivable within one year | 40/41 | €51,331 | €31,363 | -€19,968 | -38.9% |
| Trade receivables | 40 | €49,877 | €31,363 | -€18,515 | -37.1% |
| Other amounts receivable | 41 | €1,453 | €0 | -€1,453 | -100.0% |
| Cash at bank and in hand | 54/58 | €151,797 | €215,927 | +€64,130 | +42.2% |
| Deferred charges and accrued income | 490/1 | €17,361 | €28,818 | +€11,457 | +66.0% |
| Total equity and liabilities | 10/49 | €247,478 | €298,833 | +€51,355 | +20.8% |
| Equity | 10/15 | €231,852 | €228,079 | -€3,773 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,982 | €209,479 | -€4,503 | -2.1% |
| Distributable reserves | 133 | €213,982 | €209,479 | -€4,503 | -2.1% |
| Profit (loss) carried forward | 14 | -€730 | €0 | +€730 | |
| Amounts payable | 17/49 | €15,626 | €70,755 | +€55,128 | +352.8% |
| Amounts payable within one year | 42/48 | €14,191 | €70,560 | +€56,369 | +397.2% |
| Trade debts | 44 | €1,759 | €41,396 | +€39,637 | +2253.6% |
| Suppliers | 440/4 | €1,759 | €41,396 | +€39,637 | +2253.6% |
| Taxes, remuneration and social security | 45 | €12,432 | €16,126 | +€3,694 | +29.7% |
| Taxes | 450/3 | €12,432 | €16,126 | +€3,694 | +29.7% |
| Other amounts payable | 47/48 | €0 | €13,037 | +€13,037 | |
| Accrued charges and deferred income | 492/3 | €1,436 | €195 | -€1,240 | -86.4% |
| Non-recurring operating income | 76A | €8,678 | €0 | -€8,678 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,238 | €10,946 | +€5,708 | +109.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,725 | €0 | -€2,725 | -100.0% |
| Other operating charges | 640/8 | €524 | €602 | +€78 | +14.9% |
| Gross operating margin | 9900 | €13,401 | €58,302 | +€44,901 | +335.1% |
| Operating profit (loss) | 9901 | €4,913 | €46,753 | +€41,840 | +851.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,385 | €2,651 | +€267 | +11.2% |
| Recurring financial charges | 65 | €2,385 | €2,651 | +€267 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,529 | €44,102 | +€41,573 | +1644.0% |
| Income taxes | 67/77 | €1,566 | €14,922 | +€13,357 | +853.1% |
| Profit (loss) for the period | 9904 | €963 | €29,179 | +€28,216 | +2930.0% |
| Profit (loss) for the period to be appropriated | 9905 | €963 | €29,179 | +€28,216 | +2930.0% |
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 29 September 2026 via checked.be.