Plumbro: 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.
Plumbro
Largest movements
- Tangible fixed assets +€325,504
up €325,504 (+820.4%), from €39,678 to €365,182
of which Land and buildings: +€337,971
- Receivables within one year -€49,205
down €49,205 (-52.5%), from €93,687 to €44,482
of which Trade receivables: -€46,777
- Cash -€31,009
down €31,009 (-87.0%), from €35,631 to €4,622
mainly Investment in fixed assets (net) (-€337,971) and Tax, wage and social debts (-€18,106)
- Debts after one year +€229,233
new in 2025: €229,233
- Current portion of long-term debt +€22,830
new in 2025: €22,830
- Tax, wage and social debts -€18,106
down €18,106 (-56.9%), from €31,825 to €13,719
- Other debts +€10,186
up €10,186 (+131.4%), from €7,754 to €17,940
- Profit (loss) carried forward +€4,304
up €4,304 (+3.9%), from €111,433 to €115,738
- Gross operating margin -€30,677
down €30,677 (-56.4%), from €54,360 to €23,683
- Taxes -€9,907
down €9,907 (-85.0%), from €11,650 to €1,743
- Financial charges +€3,680
up €3,680 (+2789.0%), from €132 to €3,811
- Depreciation +€1,470
up €1,470 (+13.4%), from €10,997 to €12,467
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 | €170,996 | €416,286 | +€245,290 | +143.4% |
| Fixed assets | 21/28 | €39,678 | €365,182 | +€325,504 | +820.4% |
| Tangible fixed assets | 22/27 | €39,678 | €365,182 | +€325,504 | +820.4% |
| Land and buildings | 22 | - | €337,971 | +€337,971 | |
| Plant, machinery and equipment | 23 | €1,017 | €309 | -€708 | -69.6% |
| Furniture and vehicles | 24 | €28,061 | €18,702 | -€9,359 | -33.4% |
| Leasing and similar rights | 25 | €10,600 | €8,200 | -€2,400 | -22.6% |
| Current assets | 29/58 | €131,317 | €51,104 | -€80,214 | -61.1% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,687 | €44,482 | -€49,205 | -52.5% |
| Trade receivables | 40 | €89,347 | €42,570 | -€46,777 | -52.4% |
| Other amounts receivable | 41 | €4,339 | €1,911 | -€2,428 | -56.0% |
| Cash at bank and in hand | 54/58 | €35,631 | €4,622 | -€31,009 | -87.0% |
| Total equity and liabilities | 10/49 | €170,996 | €416,286 | +€245,290 | +143.4% |
| Equity | 10/15 | €121,433 | €125,738 | +€4,304 | +3.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,433 | €115,738 | +€4,304 | +3.9% |
| Amounts payable | 17/49 | €49,562 | €290,548 | +€240,985 | +486.2% |
| Amounts payable after more than one year | 17 | - | €229,233 | +€229,233 | |
| Financial debts | 170/4 | - | €229,233 | +€229,233 | |
| Amounts payable within one year | 42/48 | €49,562 | €61,314 | +€11,752 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | - | €22,830 | +€22,830 | |
| Trade debts | 44 | €9,983 | €6,826 | -€3,158 | -31.6% |
| Suppliers | 440/4 | €9,983 | €6,826 | -€3,158 | -31.6% |
| Taxes, remuneration and social security | 45 | €31,825 | €13,719 | -€18,106 | -56.9% |
| Taxes | 450/3 | €31,825 | €13,719 | -€18,106 | -56.9% |
| Other amounts payable | 47/48 | €7,754 | €17,940 | +€10,186 | +131.4% |
| Remuneration, social security and pensions | 62 | €248 | - | -€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,997 | €12,467 | +€1,470 | +13.4% |
| Other operating charges | 640/8 | €1,356 | €1,395 | +€39 | +2.9% |
| Gross operating margin | 9900 | €54,360 | €23,683 | -€30,677 | -56.4% |
| Operating profit (loss) | 9901 | €41,759 | €9,820 | -€31,938 | -76.5% |
| Financial income | 75/76B | €527 | €39 | -€489 | -92.6% |
| Recurring financial income | 75 | €527 | €39 | -€489 | -92.6% |
| Financial charges | 65/66B | €132 | €3,811 | +€3,680 | +2789.0% |
| Recurring financial charges | 65 | €132 | €3,811 | +€3,680 | +2789.0% |
| Profit (loss) for the period before taxes | 9903 | €42,154 | €6,048 | -€36,106 | -85.7% |
| Income taxes | 67/77 | €11,650 | €1,743 | -€9,907 | -85.0% |
| Profit (loss) for the period | 9904 | €30,504 | €4,304 | -€26,200 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,504 | €4,304 | -€26,200 | -85.9% |
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 12 October 2026 via checked.be.