PLUS PROJECT ONTWIKKELING: 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 PROJECT ONTWIKKELING
Largest movements
- Stocks and contracts -€507,635
down €507,635 (-52.3%), from €971,256 to €463,621
- Cash -€54,499
down €54,499 (-77.9%), from €69,980 to €15,481
mainly Short-term financial debts (-€579,316) and Trade debts (-€33,689)
- Receivables within one year +€32,942
up €32,942 (+14.8%), from €222,457 to €255,398
of which Trade receivables: +€210,331
- Tangible fixed assets -€22,764
down €22,764 (-2.6%), from €863,567 to €840,804
of which Land and buildings: -€25,976
- Short-term financial debts -€579,316
down €579,316 (-53.1%), from €1.1m to €511,000
- Other debts +€95,883
up €95,883 (+60.3%), from €159,029 to €254,912
- Trade debts -€33,689
down €33,689 (-82.3%), from €40,915 to €7,225
- Debts after one year -€31,715
down €31,715 (-4.5%), from €700,019 to €668,304
- Profit (loss) carried forward -€28,389
down €28,389 (-16.4%), from €173,315 to €144,926
- Financial charges +€40,861
up €40,861 (+212.3%), from €19,248 to €60,109
- Depreciation +€13,172
up €13,172 (+62.2%), from €21,185 to €34,357
- Taxes -€7,131
down €7,131, from €7,103 to -€28
- Gross operating margin -€5,316
down €5,316 (-6.9%), from €77,093 to €71,776
- Other operating charges +€797
up €797 (+13.1%), from €6,066 to €6,863
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 | €2,227,817 | €1,676,275 | -€551,542 | -24.8% |
| Fixed assets | 21/28 | €863,567 | €840,804 | -€22,764 | -2.6% |
| Tangible fixed assets | 22/27 | €863,567 | €840,804 | -€22,764 | -2.6% |
| Land and buildings | 22 | €669,535 | €643,559 | -€25,976 | -3.9% |
| Other tangible fixed assets | 26 | €194,032 | €197,245 | +€3,212 | +1.7% |
| Current assets | 29/58 | €1,364,249 | €835,471 | -€528,779 | -38.8% |
| Stocks and contracts in progress | 3 | €971,256 | €463,621 | -€507,635 | -52.3% |
| Stocks | 30/36 | €971,256 | €463,621 | -€507,635 | -52.3% |
| Amounts receivable within one year | 40/41 | €222,457 | €255,398 | +€32,942 | +14.8% |
| Trade receivables | 40 | €34,760 | €245,090 | +€210,331 | +605.1% |
| Other amounts receivable | 41 | €187,697 | €10,308 | -€177,389 | -94.5% |
| Current investments | 50/53 | €99,120 | €99,838 | +€718 | +0.7% |
| Cash at bank and in hand | 54/58 | €69,980 | €15,481 | -€54,499 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,132 | -€304 | -21.2% |
| Total equity and liabilities | 10/49 | €2,227,817 | €1,676,275 | -€551,542 | -24.8% |
| Equity | 10/15 | €195,189 | €166,800 | -€28,389 | -14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,674 | €15,674 | = | 0.0% |
| Distributable reserves | 133 | €15,674 | €15,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,315 | €144,926 | -€28,389 | -16.4% |
| Amounts payable | 17/49 | €2,032,628 | €1,509,474 | -€523,153 | -25.7% |
| Amounts payable after more than one year | 17 | €700,019 | €668,304 | -€31,715 | -4.5% |
| Financial debts | 170/4 | €700,019 | €668,304 | -€31,715 | -4.5% |
| Amounts payable within one year | 42/48 | €1,329,960 | €832,510 | -€497,449 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €30,938 | €31,715 | +€777 | +2.5% |
| Financial debts | 43 | €1,090,316 | €511,000 | -€579,316 | -53.1% |
| Credit institutions | 430/8 | €1,090,316 | €511,000 | -€579,316 | -53.1% |
| Trade debts | 44 | €40,915 | €7,225 | -€33,689 | -82.3% |
| Suppliers | 440/4 | €40,915 | €7,225 | -€33,689 | -82.3% |
| Taxes, remuneration and social security | 45 | €8,762 | €27,659 | +€18,897 | +215.7% |
| Taxes | 450/3 | €8,762 | €15,304 | +€6,542 | +74.7% |
| Remuneration and social security | 454/9 | - | €12,355 | +€12,355 | |
| Other amounts payable | 47/48 | €159,029 | €254,912 | +€95,883 | +60.3% |
| Accrued charges and deferred income | 492/3 | €2,649 | €8,660 | +€6,011 | +226.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,185 | €34,357 | +€13,172 | +62.2% |
| Other operating charges | 640/8 | €6,066 | €6,863 | +€797 | +13.1% |
| Gross operating margin | 9900 | €77,093 | €71,776 | -€5,316 | -6.9% |
| Operating profit (loss) | 9901 | €49,842 | €30,556 | -€19,286 | -38.7% |
| Financial income | 75/76B | €470 | €1,136 | +€666 | +141.5% |
| Recurring financial income | 75 | €470 | €1,136 | +€666 | +141.5% |
| Financial charges | 65/66B | €19,248 | €60,109 | +€40,861 | +212.3% |
| Recurring financial charges | 65 | €19,248 | €60,109 | +€40,861 | +212.3% |
| Profit (loss) for the period before taxes | 9903 | €31,064 | -€28,417 | -€59,481 | |
| Income taxes | 67/77 | €7,103 | -€28 | -€7,131 | |
| Profit (loss) for the period | 9904 | €23,961 | -€28,389 | -€52,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,961 | -€28,389 | -€52,350 |
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 5 October 2026 via checked.be.