Plusvalia: 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.
Plusvalia
Largest movements
- Receivables within one year +€13,365
up €13,365 (+121%), from €11,065 to €24,430
of which Other amounts receivable: +€19,211
- Cash +€9,555
up €9,555 (+536%), from €1,782 to €11,337
mainly Other debts (+€15,561) and Net result for the year (+€10,482)
- Tangible fixed assets -€6,568
down €6,568 (-4.8%), from €136,003 to €129,435
of which Land and buildings: -€6,474
- Deferred charges and accrued income -€2,200
no longer reported in 2025 (was €2,200)
- Other debts +€15,561
up €15,561 (+638%), from €2,439 to €18,000
- Debts after one year -€12,537
down €12,537 (-13.3%), from €94,168 to €81,631
- Reserves +€9,276
up €9,276 (+21.4%), from €43,358 to €52,633
- Provisions +€3,370
up €3,370 (+31.1%), from €10,839 to €14,209
- Accrued charges and deferred income -€2,961
no longer reported in 2025 (was €2,961)
- Gross operating margin +€18,535
up €18,535 (+235%), from €7,882 to €26,417
- Depreciation -€6,803
down €6,803 (-50.9%), from €13,372 to €6,568
- Other operating charges -€1,118
down €1,118 (-58.7%), from €1,905 to €787
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 | €151,051 | €165,202 | +€14,151 | +9.4% |
| Fixed assets | 21/28 | €136,003 | €129,435 | -€6,568 | -4.8% |
| Tangible fixed assets | 22/27 | €136,003 | €129,435 | -€6,568 | -4.8% |
| Land and buildings | 22 | €135,908 | €129,435 | -€6,474 | -4.8% |
| Furniture and vehicles | 24 | €95 | - | -€95 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €15,047 | €35,767 | +€20,719 | +138% |
| Amounts receivable within one year | 40/41 | €11,065 | €24,430 | +€13,365 | +121% |
| Trade receivables | 40 | €6,338 | €491 | -€5,847 | -92.2% |
| Other amounts receivable | 41 | €4,727 | €23,939 | +€19,211 | +406% |
| Cash at bank and in hand | 54/58 | €1,782 | €11,337 | +€9,555 | +536% |
| Deferred charges and accrued income | 490/1 | €2,200 | - | -€2,200 | |
| Total equity and liabilities | 10/49 | €151,051 | €165,202 | +€14,151 | +9.4% |
| Equity | 10/15 | €25,436 | €35,918 | +€10,482 | +41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,358 | €52,633 | +€9,276 | +21.4% |
| Tax-exempt reserves | 132 | €43,358 | €52,633 | +€9,276 | +21.4% |
| Profit (loss) carried forward | 14 | -€36,522 | -€35,315 | +€1,207 | +3.3% |
| Provisions and deferred taxes | 16 | €10,839 | €14,209 | +€3,370 | +31.1% |
| Deferred taxes | 168 | €10,839 | €14,209 | +€3,370 | +31.1% |
| Amounts payable | 17/49 | €114,776 | €115,075 | +€299 | +0.3% |
| Amounts payable after more than one year | 17 | €94,168 | €81,631 | -€12,537 | -13.3% |
| Financial debts | 170/4 | €94,168 | €81,631 | -€12,537 | -13.3% |
| Amounts payable within one year | 42/48 | €17,647 | €33,444 | +€15,797 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €11,648 | €12,505 | +€857 | +7.4% |
| Trade debts | 44 | €8 | - | -€8 | |
| Suppliers | 440/4 | €8 | - | -€8 | |
| Taxes, remuneration and social security | 45 | €3,552 | €2,939 | -€613 | -17.3% |
| Taxes | 450/3 | €3,552 | €2,939 | -€613 | -17.3% |
| Other amounts payable | 47/48 | €2,439 | €18,000 | +€15,561 | +638% |
| Accrued charges and deferred income | 492/3 | €2,961 | - | -€2,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,372 | €6,568 | -€6,803 | -50.9% |
| Other operating charges | 640/8 | €1,905 | €787 | -€1,118 | -58.7% |
| Gross operating margin | 9900 | €7,882 | €26,417 | +€18,535 | +235% |
| Operating profit (loss) | 9901 | -€7,394 | €19,061 | +€26,456 | |
| Financial income | 75/76B | €4 | €5 | +€1 | +12.9% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +12.9% |
| Financial charges | 65/66B | €4,607 | €4,713 | +€106 | +2.3% |
| Recurring financial charges | 65 | €4,607 | €4,713 | +€106 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,997 | €14,353 | +€26,351 | |
| Transfer from deferred taxes | 780 | €834 | €834 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €4,204 | +€4,204 | |
| Income taxes | 67/77 | €698 | €501 | -€196 | -28.1% |
| Profit (loss) for the period | 9904 | -€11,861 | €10,482 | +€22,343 | |
| Transfer from tax-exempt reserves | 789 | €3,335 | €3,335 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €12,611 | +€12,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,526 | €1,207 | +€9,733 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.