PLUS: 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.
PLUS
Largest movements
- Stocks and contracts -€8,490
down €8,490 (-17.0%), from €49,810 to €41,320
- Cash -€5,210
down €5,210 (-70.3%), from €7,411 to €2,201
mainly Debts after one year (-€11,333) and Net result for the year (-€9,348)
- Tangible fixed assets -€4,767
down €4,767 (-4.3%), from €111,499 to €106,732
of which Land and buildings: -€4,415
- Debts after one year -€11,333
down €11,333 (-9.4%), from €120,253 to €108,920
- Profit (loss) carried forward -€9,348
down €9,348, from €3,315 to -€6,033
- Short-term financial debts +€6,725
up €6,725 (+35.2%), from €19,107 to €25,833
of which Credit institutions: +€6,725
- Trade debts -€5,167
down €5,167 (-79.5%), from €6,499 to €1,333
- Tax, wage and social debts -€2,276
down €2,276 (-60.6%), from €3,756 to €1,480
- Turnover +€101,360
new in 2025: €101,360
- Purchases and services +€91,815
new in 2025: €91,815
- Gross operating margin -€9,616
down €9,616 (-49.9%), from €19,262 to €9,645
- Financial income -€6,798
down €6,798 (-89.4%), from €7,600 to €802
- Depreciation -€4,172
down €4,172 (-46.7%), from €8,938 to €4,767
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 | €177,330 | €157,159 | -€20,171 | -11.4% |
| Fixed assets | 21/28 | €111,499 | €106,732 | -€4,767 | -4.3% |
| Tangible fixed assets | 22/27 | €111,499 | €106,732 | -€4,767 | -4.3% |
| Land and buildings | 22 | €109,532 | €105,117 | -€4,415 | -4.0% |
| Plant, machinery and equipment | 23 | €1,966 | €1,614 | -€352 | -17.9% |
| Current assets | 29/58 | €65,832 | €50,428 | -€15,404 | -23.4% |
| Stocks and contracts in progress | 3 | €49,810 | €41,320 | -€8,490 | -17.0% |
| Stocks | 30/36 | €49,810 | €41,320 | -€8,490 | -17.0% |
| Amounts receivable within one year | 40/41 | €8,610 | €6,906 | -€1,704 | -19.8% |
| Trade receivables | 40 | €8,022 | €5,657 | -€2,365 | -29.5% |
| Other amounts receivable | 41 | €589 | €1,250 | +€661 | +112% |
| Cash at bank and in hand | 54/58 | €7,411 | €2,201 | -€5,210 | -70.3% |
| Total equity and liabilities | 10/49 | €177,330 | €157,159 | -€20,171 | -11.4% |
| Equity | 10/15 | €23,766 | €14,418 | -€9,348 | -39.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,315 | -€6,033 | -€9,348 | |
| Amounts payable | 17/49 | €153,564 | €142,741 | -€10,823 | -7.0% |
| Amounts payable after more than one year | 17 | €120,253 | €108,920 | -€11,333 | -9.4% |
| Financial debts | 170/4 | €120,253 | €108,920 | -€11,333 | -9.4% |
| Amounts payable within one year | 42/48 | €33,311 | €33,821 | +€510 | +1.5% |
| Financial debts | 43 | €19,107 | €25,833 | +€6,725 | +35.2% |
| Credit institutions | 430/8 | €4,107 | €10,833 | +€6,725 | +164% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €6,499 | €1,333 | -€5,167 | -79.5% |
| Suppliers | 440/4 | €6,499 | €1,333 | -€5,167 | -79.5% |
| Taxes, remuneration and social security | 45 | €3,756 | €1,480 | -€2,276 | -60.6% |
| Taxes | 450/3 | €3,756 | €1,480 | -€2,276 | -60.6% |
| Other amounts payable | 47/48 | €3,949 | €5,176 | +€1,227 | +31.1% |
| Turnover | 70 | - | €101,360 | +€101,360 | |
| Non-recurring operating income | 76A | €1,186 | - | -€1,186 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €91,815 | +€91,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €4,767 | -€4,172 | -46.7% |
| Other operating charges | 640/8 | €3,486 | €2,325 | -€1,161 | -33.3% |
| Non-recurring operating charges | 66A | - | €351 | +€351 | |
| Gross operating margin | 9900 | €19,262 | €9,645 | -€9,616 | -49.9% |
| Operating profit (loss) | 9901 | €6,837 | €2,202 | -€4,635 | -67.8% |
| Financial income | 75/76B | €7,600 | €802 | -€6,798 | -89.4% |
| Recurring financial income | 75 | €7,600 | €802 | -€6,798 | -89.4% |
| Financial charges | 65/66B | €11,652 | €12,211 | +€559 | +4.8% |
| Recurring financial charges | 65 | €11,652 | €12,211 | +€559 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €2,785 | -€9,207 | -€11,992 | |
| Income taxes | 67/77 | €1,288 | €141 | -€1,147 | -89.0% |
| Profit (loss) for the period | 9904 | €1,497 | -€9,348 | -€10,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,497 | -€9,348 | -€10,845 |
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.