PLUSACCOUNT: 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.
PLUSACCOUNT
Largest movements
- Tangible fixed assets +€283,333
up €283,333 (+19.8%), from €1.4m to €1.7m
of which Assets under construction and advance payments: +€389,448
- Current investments +€229,161
up €229,161 (+764%), from €30,000 to €259,161
- Cash -€157,355
down €157,355 (-68.6%), from €229,507 to €72,152
mainly Investment in fixed assets (net) (-€424,450) and Current investments (-€229,161)
- Debts after one year +€208,959
up €208,959 (+36.9%), from €566,319 to €775,277
- Reserves +€140,000
up €140,000 (+19.2%), from €727,422 to €867,422
of which Distributable reserves: +€144,000
- Short-term financial debts +€37,698
new in 2025: €37,698
- Gross operating margin +€29,466
up €29,466 (+8.2%), from €357,649 to €387,116
- Depreciation +€28,881
up €28,881 (+25.7%), from €112,236 to €141,117
- Financial charges +€16,412
up €16,412 (+122%), from €13,417 to €29,829
- Financial income +€7,024
up €7,024 (+340%), from €2,067 to €9,090
- Write-downs +€6,405
new in 2025: €6,405
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 | €1,860,644 | €2,231,254 | +€370,610 | +19.9% |
| Fixed assets | 21/28 | €1,433,897 | €1,717,231 | +€283,333 | +19.8% |
| Tangible fixed assets | 22/27 | €1,433,897 | €1,717,231 | +€283,333 | +19.8% |
| Land and buildings | 22 | €1,252,062 | €1,181,496 | -€70,566 | -5.6% |
| Plant, machinery and equipment | 23 | €48,748 | €37,946 | -€10,802 | -22.2% |
| Furniture and vehicles | 24 | €94,343 | €69,596 | -€24,747 | -26.2% |
| Assets under construction and advance payments | 27 | €38,745 | €428,193 | +€389,448 | +1,005% |
| Current assets | 29/58 | €426,747 | €514,023 | +€87,276 | +20.5% |
| Amounts receivable within one year | 40/41 | €167,240 | €182,711 | +€15,470 | +9.3% |
| Trade receivables | 40 | €130,133 | €141,594 | +€11,460 | +8.8% |
| Other amounts receivable | 41 | €37,107 | €41,117 | +€4,010 | +10.8% |
| Current investments | 50/53 | €30,000 | €259,161 | +€229,161 | +764% |
| Cash at bank and in hand | 54/58 | €229,507 | €72,152 | -€157,355 | -68.6% |
| Total equity and liabilities | 10/49 | €1,860,644 | €2,231,254 | +€370,610 | +19.9% |
| Equity | 10/15 | €1,162,702 | €1,303,709 | +€141,007 | +12.1% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Reserves | 13 | €727,422 | €867,422 | +€140,000 | +19.2% |
| Non-distributable reserves | 130/1 | €4,000 | - | -€4,000 | |
| Other | 1319 | €4,000 | - | -€4,000 | |
| Tax-exempt reserves | 132 | €39,422 | €39,422 | = | 0.0% |
| Distributable reserves | 133 | €684,000 | €828,000 | +€144,000 | +21.1% |
| Profit (loss) carried forward | 14 | €367,780 | €368,787 | +€1,007 | +0.3% |
| Amounts payable | 17/49 | €697,942 | €927,545 | +€229,603 | +32.9% |
| Amounts payable after more than one year | 17 | €566,319 | €775,277 | +€208,959 | +36.9% |
| Financial debts | 170/4 | €566,319 | €775,277 | +€208,959 | +36.9% |
| Amounts payable within one year | 42/48 | €131,624 | €152,268 | +€20,644 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €87,455 | €87,978 | +€523 | +0.6% |
| Financial debts | 43 | - | €37,698 | +€37,698 | |
| Credit institutions | 430/8 | - | €37,698 | +€37,698 | |
| Trade debts | 44 | €21,501 | - | -€21,501 | |
| Suppliers | 440/4 | €21,501 | - | -€21,501 | |
| Taxes, remuneration and social security | 45 | €22,667 | €26,591 | +€3,924 | +17.3% |
| Taxes | 450/3 | €22,667 | €26,591 | +€3,924 | +17.3% |
| Remuneration, social security and pensions | 62 | €3,815 | €1,861 | -€1,953 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,236 | €141,117 | +€28,881 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,405 | +€6,405 | |
| Other operating charges | 640/8 | €11,448 | €8,778 | -€2,670 | -23.3% |
| Gross operating margin | 9900 | €357,649 | €387,116 | +€29,466 | +8.2% |
| Operating profit (loss) | 9901 | €230,150 | €228,954 | -€1,196 | -0.5% |
| Financial income | 75/76B | €2,067 | €9,090 | +€7,024 | +340% |
| Recurring financial income | 75 | €2,067 | €9,090 | +€7,024 | +340% |
| Financial charges | 65/66B | €13,417 | €29,829 | +€16,412 | +122% |
| Recurring financial charges | 65 | €13,417 | €29,829 | +€16,412 | +122% |
| Profit (loss) for the period before taxes | 9903 | €218,800 | €208,215 | -€10,585 | -4.8% |
| Income taxes | 67/77 | €66,282 | €67,208 | +€926 | +1.4% |
| Profit (loss) for the period | 9904 | €152,517 | €141,007 | -€11,510 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,517 | €141,007 | -€11,510 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.