PLUSQUAM: 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.
PLUSQUAM
Largest movements
- Tangible fixed assets -€38,082
down €38,082 (-36.7%), from €103,637 to €65,555
- Cash +€20,745
up €20,745 (+27.0%), from €76,880 to €97,625
mainly Depreciation (+€38,252) and Other debts (+€33,952)
- Receivables within one year -€4,532
down €4,532 (-64.9%), from €6,978 to €2,447
- Profit (loss) carried forward -€41,152
down €41,152 (-87.9%), from €46,835 to €5,683
- Other debts +€33,952
up €33,952 (+70674.4%), from €48 to €34,000
- Debts after one year -€27,660
down €27,660 (-59.0%), from €46,913 to €19,253
- Trade debts +€13,666
up €13,666 (+78.6%), from €17,386 to €31,052
- Staff costs -€54,155
down €54,155 (-43.2%), from €125,446 to €71,291
- Gross operating margin -€34,972
down €34,972 (-19.3%), from €181,520 to €146,548
- Taxes +€4,299
up €4,299 (+109.0%), from €3,943 to €8,242
- Financial charges -€2,015
down €2,015 (-34.2%), from €5,882 to €3,868
of which Financial charges: -€1,991
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 | €189,560 | €169,342 | -€20,218 | -10.7% |
| Fixed assets | 21/28 | €103,637 | €65,555 | -€38,082 | -36.7% |
| Tangible fixed assets | 22/27 | €103,637 | €65,555 | -€38,082 | -36.7% |
| Plant, machinery and equipment | 23 | €22,591 | €15,335 | -€7,256 | -32.1% |
| Furniture and vehicles | 24 | €39,934 | €25,806 | -€14,129 | -35.4% |
| Other tangible fixed assets | 26 | €41,112 | €24,414 | -€16,698 | -40.6% |
| Current assets | 29/58 | €85,923 | €103,787 | +€17,864 | +20.8% |
| Stocks and contracts in progress | 3 | €2,065 | €3,715 | +€1,650 | +79.9% |
| Stocks | 30/36 | €2,065 | €3,715 | +€1,650 | +79.9% |
| Amounts receivable within one year | 40/41 | €6,978 | €2,447 | -€4,532 | -64.9% |
| Other amounts receivable | 41 | €6,978 | €2,447 | -€4,532 | -64.9% |
| Cash at bank and in hand | 54/58 | €76,880 | €97,625 | +€20,745 | +27.0% |
| Total equity and liabilities | 10/49 | €189,560 | €169,342 | -€20,218 | -10.7% |
| Equity | 10/15 | €65,435 | €24,283 | -€41,152 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,835 | €5,683 | -€41,152 | -87.9% |
| Amounts payable | 17/49 | €124,125 | €145,058 | +€20,933 | +16.9% |
| Amounts payable after more than one year | 17 | €46,913 | €19,253 | -€27,660 | -59.0% |
| Financial debts | 170/4 | €46,913 | €19,253 | -€27,660 | -59.0% |
| Amounts payable within one year | 42/48 | €77,212 | €125,739 | +€48,527 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €26,998 | €27,660 | +€661 | +2.5% |
| Trade debts | 44 | €17,386 | €31,052 | +€13,666 | +78.6% |
| Suppliers | 440/4 | €17,386 | €31,052 | +€13,666 | +78.6% |
| Taxes, remuneration and social security | 45 | €32,780 | €33,027 | +€248 | +0.8% |
| Taxes | 450/3 | €28,402 | €29,705 | +€1,303 | +4.6% |
| Remuneration and social security | 454/9 | €4,378 | €3,323 | -€1,055 | -24.1% |
| Other amounts payable | 47/48 | €48 | €34,000 | +€33,952 | +70674.4% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Remuneration, social security and pensions | 62 | €125,446 | €71,291 | -€54,155 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,701 | €38,252 | +€551 | +1.5% |
| Other operating charges | 640/8 | €1,681 | €2,373 | +€693 | +41.2% |
| Gross operating margin | 9900 | €181,520 | €146,548 | -€34,972 | -19.3% |
| Operating profit (loss) | 9901 | €16,692 | €34,632 | +€17,941 | +107.5% |
| Financial income | 75/76B | €322 | €325 | +€3 | +0.9% |
| Recurring financial income | 75 | €322 | €325 | +€3 | +0.9% |
| Financial charges | 65/66B | €5,882 | €3,868 | -€2,015 | -34.2% |
| Recurring financial charges | 65 | €5,778 | €3,787 | -€1,991 | -34.5% |
| Non-recurring financial charges | 66B | €104 | €80 | -€24 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €11,132 | €31,090 | +€19,958 | +179.3% |
| Income taxes | 67/77 | €3,943 | €8,242 | +€4,299 | +109.0% |
| Profit (loss) for the period | 9904 | €7,189 | €22,848 | +€15,659 | +217.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,189 | €22,848 | +€15,659 | +217.8% |
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.