PLUTO PROJECTS: 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.
PLUTO PROJECTS
Largest movements
- Cash +€78,431
up €78,431 (+126.0%), from €62,244 to €140,675
mainly Net result for the year (+€64,631) and Current investments (+€60,000)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€17,622
down €17,622 (-3.4%), from €519,585 to €501,964
of which Land and buildings: -€20,507
- Receivables within one year -€17,018
down €17,018 (-94.0%), from €18,107 to €1,089
of which Trade receivables: -€16,605
- Debts after one year -€38,837
down €38,837 (-12.0%), from €324,146 to €285,309
- Other debts +€18,654
up €18,654 (+65.3%), from €28,560 to €47,214
- Gross operating margin -€46,784
down €46,784 (-25.6%), from €183,003 to €136,219
- Taxes -€10,448
down €10,448 (-24.3%), from €43,047 to €32,598
- Financial income +€6,138
up €6,138 (+30459.6%), from €20 to €6,158
- Financial charges +€2,157
up €2,157 (+18.6%), from €11,616 to €13,773
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 | €661,481 | €645,134 | -€16,348 | -2.5% |
| Fixed assets | 21/28 | €519,585 | €501,964 | -€17,622 | -3.4% |
| Tangible fixed assets | 22/27 | €519,585 | €501,964 | -€17,622 | -3.4% |
| Land and buildings | 22 | €519,585 | €499,078 | -€20,507 | -3.9% |
| Plant, machinery and equipment | 23 | - | €2,886 | +€2,886 | |
| Current assets | 29/58 | €141,896 | €143,170 | +€1,274 | +0.9% |
| Amounts receivable within one year | 40/41 | €18,107 | €1,089 | -€17,018 | -94.0% |
| Trade receivables | 40 | €17,694 | €1,089 | -€16,605 | -93.8% |
| Other amounts receivable | 41 | €413 | - | -€413 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €62,244 | €140,675 | +€78,431 | +126.0% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,406 | -€139 | -9.0% |
| Total equity and liabilities | 10/49 | €661,481 | €645,134 | -€16,348 | -2.5% |
| Equity | 10/15 | €241,101 | €244,759 | +€3,658 | +1.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €219,866 | €223,524 | +€3,658 | +1.7% |
| Distributable reserves | 133 | €219,866 | €223,524 | +€3,658 | +1.7% |
| Profit (loss) carried forward | 14 | -€3,766 | -€3,766 | = | 0.0% |
| Amounts payable | 17/49 | €420,381 | €400,375 | -€20,006 | -4.8% |
| Amounts payable after more than one year | 17 | €324,146 | €285,309 | -€38,837 | -12.0% |
| Financial debts | 170/4 | €324,146 | €285,309 | -€38,837 | -12.0% |
| Amounts payable within one year | 42/48 | €96,235 | €115,066 | +€18,831 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €37,569 | €38,837 | +€1,269 | +3.4% |
| Trade debts | 44 | €2,000 | €5,806 | +€3,806 | +190.3% |
| Suppliers | 440/4 | €2,000 | €5,806 | +€3,806 | +190.3% |
| Taxes, remuneration and social security | 45 | €28,106 | €23,209 | -€4,897 | -17.4% |
| Taxes | 450/3 | €28,106 | €23,209 | -€4,897 | -17.4% |
| Other amounts payable | 47/48 | €28,560 | €47,214 | +€18,654 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,908 | €27,571 | +€1,663 | +6.4% |
| Other operating charges | 640/8 | €3,524 | €3,805 | +€281 | +8.0% |
| Gross operating margin | 9900 | €183,003 | €136,219 | -€46,784 | -25.6% |
| Operating profit (loss) | 9901 | €153,571 | €104,844 | -€48,727 | -31.7% |
| Financial income | 75/76B | €20 | €6,158 | +€6,138 | +30459.6% |
| Recurring financial income | 75 | €20 | €6,158 | +€6,138 | +30459.6% |
| Financial charges | 65/66B | €11,616 | €13,773 | +€2,157 | +18.6% |
| Recurring financial charges | 65 | €11,616 | €13,773 | +€2,157 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €141,976 | €97,229 | -€44,747 | -31.5% |
| Income taxes | 67/77 | €43,047 | €32,598 | -€10,448 | -24.3% |
| Profit (loss) for the period | 9904 | €98,929 | €64,631 | -€34,298 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,929 | €64,631 | -€34,298 | -34.7% |
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.