PLUMCO: what changed
What changed
PLUMCO
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€581
2024 · €688-€108
Equity
€128,617
2024 · €128,036+€581
Cash
€42,035
2024 · €17,190+€24,845
Balance sheet total
€401,015
2024 · €237,417+€163,598
Largest movements
Assets
- Receivables within one year +€139,787
up €139,787 (+85.3%), from €163,800 to €303,586
of which Trade receivables: +€71,025
- Cash +€24,845
up €24,845 (+145%), from €17,190 to €42,035
mainly Trade debts (+€115,948) and Tax, wage and social debts (+€24,469)
Equity and liabilities
- Trade debts +€115,948
up €115,948 (+172%), from €67,294 to €183,242
- Tax, wage and social debts +€24,469
up €24,469 (+3,575%), from €684 to €25,153
- Other debts +€23,823
up €23,823 (+67.1%), from €35,529 to €59,352
Income statement
- Depreciation -€4,352
down €4,352 (-61.2%), from €7,106 to €2,754
- Gross operating margin -€4,120
down €4,120 (-37.7%), from €10,923 to €6,803
- Other operating charges +€317
up €317 (+20.2%), from €1,569 to €1,886
- Financial income +€173
up €173 (+202%), from €86 to €259
- Taxes +€148
up €148 (+34.7%), from €428 to €576
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€688
Gross operating margin
-€4,120
Staff costs
-€115
Depreciation
+€4,352
Other operating charges
-€317
Financial income
+€173
Financial charges
+€67
Taxes
-€148
Result 2025
€581
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,461
Investment
-€2,393
Financing
-€1,223
Cash 2024
€17,190
From operations (derived)
+€28,461
Net result for the year
+€581
Depreciation
+€2,754
Receivables within one year
-€139,787
Deferred charges and accrued income
+€673
Trade debts
+€115,948
Tax, wage and social debts
+€24,469
Other debts
+€23,823
Investment (derived)
-€2,393
Investment in fixed assets (net)
-€2,393
Financing
-€1,223
Current portion of long-term debt
-€1,269
Short-term financial debts
+€46
Cash 2025
€42,035
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,417 | €401,015 | +€163,598 | +68.9% |
| Fixed assets | 21/28 | €7,659 | €7,299 | -€360 | -4.7% |
| Tangible fixed assets | 22/27 | €7,560 | €7,200 | -€360 | -4.8% |
| Plant, machinery and equipment | 23 | €1,971 | €1,548 | -€423 | -21.5% |
| Furniture and vehicles | 24 | €1,213 | €2,670 | +€1,456 | +120% |
| Leasing and similar rights | 25 | €802 | €0 | -€802 | -100% |
| Other tangible fixed assets | 26 | €3,574 | €2,983 | -€592 | -16.6% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €229,758 | €393,717 | +€163,958 | +71.4% |
| Stocks and contracts in progress | 3 | €47,133 | €47,133 | = | 0.0% |
| Stocks | 30/36 | €47,133 | €47,133 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €163,800 | €303,586 | +€139,787 | +85.3% |
| Trade receivables | 40 | €29,522 | €100,547 | +€71,025 | +241% |
| Other amounts receivable | 41 | €134,277 | €203,039 | +€68,762 | +51.2% |
| Current investments | 50/53 | €125 | €125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,190 | €42,035 | +€24,845 | +145% |
| Deferred charges and accrued income | 490/1 | €1,511 | €838 | -€673 | -44.6% |
| Total equity and liabilities | 10/49 | €237,417 | €401,015 | +€163,598 | +68.9% |
| Equity | 10/15 | €128,036 | €128,617 | +€581 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,106 | €94,687 | +€581 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,246 | €92,827 | +€581 | +0.6% |
| Profit (loss) carried forward | 14 | €15,331 | €15,331 | = | 0.0% |
| Amounts payable | 17/49 | €109,381 | €272,398 | +€163,017 | +149% |
| Amounts payable after more than one year | 17 | €3,560 | €3,560 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €3,560 | €3,560 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,821 | €268,838 | +€163,017 | +154% |
| Current portion of amounts payable after more than one year | 42 | €2,295 | €1,027 | -€1,269 | -55.3% |
| Financial debts | 43 | €18 | €64 | +€46 | +256% |
| Credit institutions | 430/8 | €18 | €64 | +€46 | +256% |
| Trade debts | 44 | €67,294 | €183,242 | +€115,948 | +172% |
| Suppliers | 440/4 | €67,294 | €183,242 | +€115,948 | +172% |
| Taxes, remuneration and social security | 45 | €684 | €25,153 | +€24,469 | +3,575% |
| Taxes | 450/3 | €684 | €25,153 | +€24,469 | +3,575% |
| Other amounts payable | 47/48 | €35,529 | €59,352 | +€23,823 | +67.1% |
| Remuneration, social security and pensions | 62 | - | €115 | +€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,106 | €2,754 | -€4,352 | -61.2% |
| Other operating charges | 640/8 | €1,569 | €1,886 | +€317 | +20.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,923 | €6,803 | -€4,120 | -37.7% |
| Operating profit (loss) | 9901 | €2,248 | €2,049 | -€199 | -8.9% |
| Financial income | 75/76B | €86 | €259 | +€173 | +202% |
| Recurring financial income | 75 | €86 | €259 | +€173 | +202% |
| Financial charges | 65/66B | €1,217 | €1,151 | -€67 | -5.5% |
| Recurring financial charges | 65 | €1,217 | €1,151 | -€67 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €1,116 | €1,157 | +€41 | +3.7% |
| Income taxes | 67/77 | €428 | €576 | +€148 | +34.7% |
| Profit (loss) for the period | 9904 | €688 | €581 | -€108 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €688 | €581 | -€108 | -15.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.