PLUS PAINT: 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 PAINT
Largest movements
- Receivables within one year +€3.7m
up €3.7m (+200.0%), from €1.9m to €5.6m
of which Other amounts receivable: +€3.0m
- Cash +€177,798
up €177,798 (+240.4%), from €73,952 to €251,750
- Intangible fixed assets +€112,667
new in 2025: €112,667
- Trade debts +€2.8m
up €2.8m (+266.4%), from €1.1m to €3.9m
- Profit (loss) carried forward +€819,101
up €819,101 (+98.3%), from €833,474 to €1.7m
- Tax, wage and social debts +€251,537
up €251,537 (+397.4%), from €63,290 to €314,827
of which Taxes: +€267,668
- Other debts +€96,163
up €96,163 (+2408.9%), from €3,992 to €100,155
- Purchases and services +€5.0m
up €5.0m (+199.6%), from €2.5m to €7.5m
- Turnover +€4.9m
up €4.9m (+164.6%), from €3.0m to €7.8m
- Staff costs -€208,880
no longer reported in 2025 (was €208,880)
- Gross operating margin -€137,945
down €137,945 (-30.5%), from €452,766 to €314,821
- Financial income +€90,803
up €90,803 (+509.1%), from €17,836 to €108,639
From the 2021 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,986,231 | €5,985,962 | +€4.0m | +201.4% |
| Fixed assets | 21/28 | €1,664 | €112,667 | +€111,003 | +6670.9% |
| Intangible fixed assets | 21 | - | €112,667 | +€112,667 | |
| Tangible fixed assets | 22/27 | €1,664 | - | -€1,664 | |
| Leasing and similar rights | 25 | €1,664 | - | -€1,664 | |
| Current assets | 29/58 | €1,984,567 | €5,873,295 | +€3.9m | +195.9% |
| Stocks and contracts in progress | 3 | €22,346 | €0 | -€22,346 | -100.0% |
| Stocks | 30/36 | €22,346 | €0 | -€22,346 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,868,365 | €5,604,560 | +€3.7m | +200.0% |
| Trade receivables | 40 | €694,355 | €1,395,258 | +€700,903 | +100.9% |
| Other amounts receivable | 41 | €1,174,010 | €4,209,302 | +€3.0m | +258.5% |
| Cash at bank and in hand | 54/58 | €73,952 | €251,750 | +€177,798 | +240.4% |
| Deferred charges and accrued income | 490/1 | €19,904 | €16,985 | -€2,919 | -14.7% |
| Total equity and liabilities | 10/49 | €1,986,231 | €5,985,962 | +€4.0m | +201.4% |
| Equity | 10/15 | €855,474 | €1,674,575 | +€819,101 | +95.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €833,474 | €1,652,575 | +€819,101 | +98.3% |
| Amounts payable | 17/49 | €1,130,757 | €4,311,387 | +€3.2m | +281.3% |
| Amounts payable within one year | 42/48 | €1,130,757 | €4,311,387 | +€3.2m | +281.3% |
| Trade debts | 44 | €1,063,475 | €3,896,405 | +€2.8m | +266.4% |
| Suppliers | 440/4 | €1,063,475 | €3,896,405 | +€2.8m | +266.4% |
| Taxes, remuneration and social security | 45 | €63,290 | €314,827 | +€251,537 | +397.4% |
| Taxes | 450/3 | €47,159 | €314,827 | +€267,668 | +567.6% |
| Remuneration and social security | 454/9 | €16,131 | - | -€16,131 | |
| Other amounts payable | 47/48 | €3,992 | €100,155 | +€96,163 | +2408.9% |
| Turnover | 70 | €2,951,848 | €7,810,357 | +€4.9m | +164.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,502,111 | €7,495,537 | +€5.0m | +199.6% |
| Remuneration, social security and pensions | 62 | €208,880 | - | -€208,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,590 | €36,000 | +€31,410 | +684.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,500 | -€14,575 | +€9,925 | +40.5% |
| Other operating charges | 640/8 | €12,766 | €14,425 | +€1,659 | +13.0% |
| Gross operating margin | 9900 | €452,766 | €314,821 | -€137,945 | -30.5% |
| Operating profit (loss) | 9901 | €251,030 | €278,971 | +€27,941 | +11.1% |
| Financial income | 75/76B | €17,836 | €108,639 | +€90,803 | +509.1% |
| Recurring financial income | 75 | €17,836 | €108,639 | +€90,803 | +509.1% |
| Financial charges | 65/66B | €25,282 | €51,957 | +€26,675 | +105.5% |
| Recurring financial charges | 65 | €25,282 | €51,957 | +€26,675 | +105.5% |
| Profit (loss) for the period before taxes | 9903 | €243,584 | €335,652 | +€92,068 | +37.8% |
| Income taxes | 67/77 | €66,672 | €126,481 | +€59,809 | +89.7% |
| Profit (loss) for the period | 9904 | €176,912 | - | -€176,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €176,912 | - | -€176,912 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 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.