Plush: 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.
Plush
Largest movements
- Receivables within one year -€235,444
down €235,444 (-88.1%), from €267,142 to €31,698
of which Other amounts receivable: -€245,239
- Financial fixed assets +€150,000
up €150,000 (+2.2%), from €6.8m to €6.9m
- Current investments +€140,555
new in 2025: €140,555
- Debts after one year -€241,071
down €241,071 (-8.7%), from €2.8m to €2.5m
of which Financial debts: -€241,071
- Other debts +€150,000
new in 2025: €150,000
- Reserves +€133,039
up €133,039 (+26.3%), from €505,750 to €638,789
- Gross operating margin +€73,951
up €73,951 (+159.0%), from €46,513 to €120,465
- Financial charges -€37,100
down €37,100 (-26.6%), from €139,641 to €102,541
- Financial income +€15,793
up €15,793 (+2.6%), from €600,000 to €615,793
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 | €7,058,437 | €7,108,799 | +€50,362 | +0.7% |
| Fixed assets | 21/28 | €6,750,000 | €6,900,000 | +€150,000 | +2.2% |
| Financial fixed assets | 28 | €6,750,000 | €6,900,000 | +€150,000 | +2.2% |
| Current assets | 29/58 | €308,437 | €208,799 | -€99,638 | -32.3% |
| Amounts receivable within one year | 40/41 | €267,142 | €31,698 | -€235,444 | -88.1% |
| Trade receivables | 40 | €21,666 | €31,460 | +€9,794 | +45.2% |
| Other amounts receivable | 41 | €245,477 | €238 | -€245,239 | -99.9% |
| Current investments | 50/53 | - | €140,555 | +€140,555 | |
| Cash at bank and in hand | 54/58 | €41,295 | €36,545 | -€4,749 | -11.5% |
| Total equity and liabilities | 10/49 | €7,058,437 | €7,108,799 | +€50,362 | +0.7% |
| Equity | 10/15 | €4,015,750 | €4,148,789 | +€133,039 | +3.3% |
| Contributions | 10/11 | €3,510,000 | €3,510,000 | = | 0.0% |
| Reserves | 13 | €505,750 | €638,789 | +€133,039 | +26.3% |
| Distributable reserves | 133 | €505,750 | €638,789 | +€133,039 | +26.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,042,687 | €2,960,010 | -€82,677 | -2.7% |
| Amounts payable after more than one year | 17 | €2,767,857 | €2,526,786 | -€241,071 | -8.7% |
| Financial debts | 170/4 | €1,767,857 | €1,526,786 | -€241,071 | -13.6% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €257,980 | €416,374 | +€158,394 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €241,071 | €241,071 | = | 0.0% |
| Trade debts | 44 | €16,909 | €20,487 | +€3,578 | +21.2% |
| Suppliers | 440/4 | €16,909 | €20,487 | +€3,578 | +21.2% |
| Taxes, remuneration and social security | 45 | - | €4,816 | +€4,816 | |
| Taxes | 450/3 | - | €4,816 | +€4,816 | |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | €16,850 | €16,850 | = | 0.0% |
| Other operating charges | 640/8 | €1,123 | €678 | -€445 | -39.6% |
| Gross operating margin | 9900 | €46,513 | €120,465 | +€73,951 | +159.0% |
| Operating profit (loss) | 9901 | €45,390 | €119,787 | +€74,396 | +163.9% |
| Financial income | 75/76B | €600,000 | €615,793 | +€15,793 | +2.6% |
| Recurring financial income | 75 | €600,000 | €615,793 | +€15,793 | +2.6% |
| Financial charges | 65/66B | €139,641 | €102,541 | -€37,100 | -26.6% |
| Recurring financial charges | 65 | €139,641 | €102,541 | -€37,100 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €505,750 | €633,039 | +€127,289 | +25.2% |
| Profit (loss) for the period | 9904 | €505,750 | €633,039 | +€127,289 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €505,750 | €633,039 | +€127,289 | +25.2% |
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 6 October 2026 via checked.be.