PLUSKINE: 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.
PLUSKINE
Largest movements
- Receivables after one year -€28,937
down €28,937 (-94.9%), from €30,486 to €1,549
- Tangible fixed assets -€16,456
down €16,456 (-3.9%), from €419,293 to €402,837
of which Land and buildings: -€14,202
- Receivables within one year +€7,539
up €7,539 (+47.3%), from €15,946 to €23,485
of which Trade receivables: +€5,010
- Debts after one year -€30,255
down €30,255 (-10.6%), from €285,039 to €254,784
- Reserves +€16,729
up €16,729 (+30.4%), from €55,115 to €71,844
of which Distributable reserves: +€16,729
- Other debts -€14,200
down €14,200 (-41.5%), from €34,200 to €20,000
- Tax, wage and social debts -€9,378
down €9,378 (-93.1%), from €10,071 to €692
- Gross operating margin +€13,559
up €13,559 (+22.9%), from €59,280 to €72,839
- Write-downs -€1,352
no longer reported in 2025 (was €1,352)
- Financial charges -€1,086
down €1,086 (-13.5%), from €8,028 to €6,942
- Financial income -€964
down €964 (-93.5%), from €1,031 to €67
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 | €471,168 | €434,371 | -€36,797 | -7.8% |
| Fixed assets | 21/28 | €419,293 | €402,837 | -€16,456 | -3.9% |
| Tangible fixed assets | 22/27 | €419,293 | €402,837 | -€16,456 | -3.9% |
| Land and buildings | 22 | €414,813 | €400,611 | -€14,202 | -3.4% |
| Plant, machinery and equipment | 23 | €2,374 | €1,069 | -€1,305 | -55.0% |
| Furniture and vehicles | 24 | €2,106 | €1,157 | -€950 | -45.1% |
| Current assets | 29/58 | €51,875 | €31,534 | -€20,341 | -39.2% |
| Amounts receivable after more than one year | 29 | €30,486 | €1,549 | -€28,937 | -94.9% |
| Other amounts receivable | 291 | €30,486 | €1,549 | -€28,937 | -94.9% |
| Amounts receivable within one year | 40/41 | €15,946 | €23,485 | +€7,539 | +47.3% |
| Trade receivables | 40 | €15,946 | €20,955 | +€5,010 | +31.4% |
| Other amounts receivable | 41 | - | €2,529 | +€2,529 | |
| Cash at bank and in hand | 54/58 | €5,230 | €6,500 | +€1,270 | +24.3% |
| Deferred charges and accrued income | 490/1 | €213 | - | -€213 | |
| Total equity and liabilities | 10/49 | €471,168 | €434,371 | -€36,797 | -7.8% |
| Equity | 10/15 | €110,778 | €127,507 | +€16,729 | +15.1% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €55,115 | €71,844 | +€16,729 | +30.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,255 | €69,984 | +€16,729 | +31.4% |
| Profit (loss) carried forward | 14 | €44,463 | €44,463 | = | 0.0% |
| Amounts payable | 17/49 | €360,389 | €306,863 | -€53,526 | -14.9% |
| Amounts payable after more than one year | 17 | €285,039 | €254,784 | -€30,255 | -10.6% |
| Financial debts | 170/4 | €285,039 | €254,784 | -€30,255 | -10.6% |
| Amounts payable within one year | 42/48 | €75,350 | €52,079 | -€23,271 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €29,357 | €30,255 | +€898 | +3.1% |
| Trade debts | 44 | €1,723 | €1,132 | -€591 | -34.3% |
| Suppliers | 440/4 | €1,723 | €1,132 | -€591 | -34.3% |
| Taxes, remuneration and social security | 45 | €10,071 | €692 | -€9,378 | -93.1% |
| Taxes | 450/3 | €10,071 | €692 | -€9,378 | -93.1% |
| Other amounts payable | 47/48 | €34,200 | €20,000 | -€14,200 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,704 | €16,456 | -€247 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,352 | - | -€1,352 | |
| Other operating charges | 640/8 | €5,660 | €5,587 | -€73 | -1.3% |
| Gross operating margin | 9900 | €59,280 | €72,839 | +€13,559 | +22.9% |
| Operating profit (loss) | 9901 | €35,564 | €50,796 | +€15,232 | +42.8% |
| Financial income | 75/76B | €1,031 | €67 | -€964 | -93.5% |
| Recurring financial income | 75 | €1,031 | €67 | -€964 | -93.5% |
| Financial charges | 65/66B | €8,028 | €6,942 | -€1,086 | -13.5% |
| Recurring financial charges | 65 | €8,028 | €6,942 | -€1,086 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €28,566 | €43,921 | +€15,355 | +53.8% |
| Income taxes | 67/77 | €7,772 | €7,192 | -€580 | -7.5% |
| Profit (loss) for the period | 9904 | €20,794 | €36,729 | +€15,935 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,794 | €36,729 | +€15,935 | +76.6% |
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 29 September 2026 via checked.be.