PLUSQUINE: 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.
PLUSQUINE
Largest movements
- Intangible fixed assets +€12,735
up €12,735 (+27.4%), from €46,464 to €59,199
- Tangible fixed assets +€7,475
up €7,475 (+73.1%), from €10,229 to €17,704
- Receivables within one year -€2,791
no longer reported in 2025 (was €2,791)
- Cash +€2,672
up €2,672 (+503.9%), from €530 to €3,203
mainly Net result for the year (+€11,562) and Depreciation (+€9,907)
- Profit (loss) carried forward +€11,562
up €11,562 (+33.4%), from €34,579 to €46,141
- Debts after one year +€9,383
up €9,383 (+201.5%), from €4,657 to €14,040
- Tax, wage and social debts -€4,822
down €4,822 (-78.5%), from €6,142 to €1,320
of which Taxes: -€4,982
- Other debts +€1,623
up €1,623 (+144.3%), from €1,125 to €2,749
- Trade debts +€1,413
up €1,413 (+145.1%), from €974 to €2,387
- Gross operating margin -€5,978
down €5,978 (-17.3%), from €34,605 to €28,628
- Taxes -€1,291
down €1,291 (-23.1%), from €5,591 to €4,300
- Financial charges +€946
up €946 (+264.9%), from €357 to €1,303
- Other operating charges -€819
down €819 (-34.4%), from €2,381 to €1,562
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 | €60,982 | €81,097 | +€20,115 | +33.0% |
| Fixed assets | 21/28 | €56,693 | €76,903 | +€20,210 | +35.6% |
| Intangible fixed assets | 21 | €46,464 | €59,199 | +€12,735 | +27.4% |
| Tangible fixed assets | 22/27 | €10,229 | €17,704 | +€7,475 | +73.1% |
| Furniture and vehicles | 24 | €10,229 | €17,704 | +€7,475 | +73.1% |
| Current assets | 29/58 | €4,289 | €4,193 | -€96 | -2.2% |
| Amounts receivable within one year | 40/41 | €2,791 | - | -€2,791 | |
| Other amounts receivable | 41 | €2,791 | - | -€2,791 | |
| Cash at bank and in hand | 54/58 | €530 | €3,203 | +€2,672 | +503.9% |
| Deferred charges and accrued income | 490/1 | €968 | €991 | +€23 | +2.4% |
| Total equity and liabilities | 10/49 | €60,982 | €81,097 | +€20,115 | +33.0% |
| Equity | 10/15 | €38,579 | €50,141 | +€11,562 | +30.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,579 | €46,141 | +€11,562 | +33.4% |
| Amounts payable | 17/49 | €22,402 | €30,955 | +€8,553 | +38.2% |
| Amounts payable after more than one year | 17 | €4,657 | €14,040 | +€9,383 | +201.5% |
| Financial debts | 170/4 | €4,657 | €14,040 | +€9,383 | +201.5% |
| Amounts payable within one year | 42/48 | €17,745 | €16,915 | -€830 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €3,505 | €3,960 | +€455 | +13.0% |
| Financial debts | 43 | €6,000 | €6,500 | +€500 | +8.3% |
| Credit institutions | 430/8 | €6,000 | €6,500 | +€500 | +8.3% |
| Trade debts | 44 | €974 | €2,387 | +€1,413 | +145.1% |
| Suppliers | 440/4 | €974 | €2,387 | +€1,413 | +145.1% |
| Taxes, remuneration and social security | 45 | €6,142 | €1,320 | -€4,822 | -78.5% |
| Taxes | 450/3 | €5,982 | €1,000 | -€4,982 | -83.3% |
| Remuneration and social security | 454/9 | €160 | €320 | +€160 | +100.0% |
| Other amounts payable | 47/48 | €1,125 | €2,749 | +€1,623 | +144.3% |
| Non-recurring operating income | 76A | - | €2,771 | +€2,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,685 | €9,907 | +€222 | +2.3% |
| Other operating charges | 640/8 | €2,381 | €1,562 | -€819 | -34.4% |
| Gross operating margin | 9900 | €34,605 | €28,628 | -€5,978 | -17.3% |
| Operating profit (loss) | 9901 | €22,540 | €17,159 | -€5,381 | -23.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €357 | €1,303 | +€946 | +264.9% |
| Recurring financial charges | 65 | €357 | €1,303 | +€946 | +264.9% |
| Profit (loss) for the period before taxes | 9903 | €22,183 | €15,862 | -€6,321 | -28.5% |
| Income taxes | 67/77 | €5,591 | €4,300 | -€1,291 | -23.1% |
| Profit (loss) for the period | 9904 | €16,592 | €11,562 | -€5,030 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,592 | €11,562 | -€5,030 | -30.3% |
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 1 October 2026 via checked.be.