PLUS IT: 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.
PLUS IT
Largest movements
- Cash -€12,763
down €12,763 (-19.6%), from €65,248 to €52,484
mainly Contributions, distributions and other (-€38,195) and Tax, wage and social debts (-€8,755)
- Receivables within one year -€3,799
down €3,799 (-20.5%), from €18,517 to €14,718
of which Trade receivables: -€4,191
- Tangible fixed assets -€2,683
down €2,683 (-13.2%), from €20,262 to €17,579
of which Plant, machinery and equipment: -€3,584
- Reserves -€13,253
down €13,253 (-9.9%), from €134,180 to €120,928
- Tax, wage and social debts -€8,755
down €8,755 (-79.2%), from €11,057 to €2,301
- Other debts +€4,010
up €4,010 (+65.6%), from €6,113 to €10,123
- Gross operating margin -€10,139
down €10,139 (-18.4%), from €55,222 to €45,083
- Taxes -€3,410
down €3,410 (-25.0%), from €13,630 to €10,220
- Depreciation +€665
up €665 (+9.1%), from €7,289 to €7,954
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 | €155,757 | €137,348 | -€18,409 | -11.8% |
| Fixed assets | 21/28 | €20,262 | €17,579 | -€2,683 | -13.2% |
| Tangible fixed assets | 22/27 | €20,262 | €17,579 | -€2,683 | -13.2% |
| Plant, machinery and equipment | 23 | €8,264 | €4,680 | -€3,584 | -43.4% |
| Furniture and vehicles | 24 | €9,858 | €11,079 | +€1,221 | +12.4% |
| Other tangible fixed assets | 26 | €2,140 | €1,820 | -€320 | -15.0% |
| Current assets | 29/58 | €135,495 | €119,769 | -€15,726 | -11.6% |
| Amounts receivable within one year | 40/41 | €18,517 | €14,718 | -€3,799 | -20.5% |
| Trade receivables | 40 | €16,144 | €11,953 | -€4,191 | -26.0% |
| Other amounts receivable | 41 | €2,373 | €2,765 | +€392 | +16.5% |
| Current investments | 50/53 | €50,735 | €50,735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,248 | €52,484 | -€12,763 | -19.6% |
| Deferred charges and accrued income | 490/1 | €995 | €1,832 | +€837 | +84.0% |
| Total equity and liabilities | 10/49 | €155,757 | €137,348 | -€18,409 | -11.8% |
| Equity | 10/15 | €134,181 | €120,929 | -€13,253 | -9.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €134,180 | €120,928 | -€13,253 | -9.9% |
| Distributable reserves | 133 | €134,180 | €120,928 | -€13,253 | -9.9% |
| Amounts payable | 17/49 | €21,576 | €16,419 | -€5,157 | -23.9% |
| Amounts payable within one year | 42/48 | €21,161 | €15,844 | -€5,317 | -25.1% |
| Financial debts | 43 | €670 | €720 | +€50 | +7.5% |
| Other loans | 439 | €670 | €720 | +€50 | +7.5% |
| Trade debts | 44 | €3,321 | €2,687 | -€634 | -19.1% |
| Suppliers | 440/4 | €3,321 | €2,687 | -€634 | -19.1% |
| Advances received on contracts in progress | 46 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €11,057 | €2,301 | -€8,755 | -79.2% |
| Taxes | 450/3 | €11,057 | €2,301 | -€8,755 | -79.2% |
| Other amounts payable | 47/48 | €6,113 | €10,123 | +€4,010 | +65.6% |
| Accrued charges and deferred income | 492/3 | €415 | €575 | +€160 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €7,954 | +€665 | +9.1% |
| Other operating charges | 640/8 | €809 | €1,121 | +€313 | +38.7% |
| Non-recurring operating charges | 66A | - | €94 | +€94 | |
| Gross operating margin | 9900 | €55,222 | €45,083 | -€10,139 | -18.4% |
| Operating profit (loss) | 9901 | €47,124 | €35,913 | -€11,210 | -23.8% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.5% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.5% |
| Financial charges | 65/66B | €220 | €750 | +€530 | +240.8% |
| Recurring financial charges | 65 | €220 | €750 | +€530 | +240.8% |
| Profit (loss) for the period before taxes | 9903 | €46,909 | €35,163 | -€11,746 | -25.0% |
| Income taxes | 67/77 | €13,630 | €10,220 | -€3,410 | -25.0% |
| Profit (loss) for the period | 9904 | €33,279 | €24,943 | -€8,336 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,279 | €24,943 | -€8,336 | -25.0% |
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 7 October 2026 via checked.be.