PLUTON: 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.
PLUTON
Largest movements
- Tangible fixed assets -€24,357
down €24,357 (-10.8%), from €224,783 to €200,426
of which Plant, machinery and equipment: -€18,733
- Cash +€17,025
up €17,025 (+79.0%), from €21,541 to €38,566
mainly Depreciation (+€19,357) and Net result for the year (+€10,550)
- Receivables within one year +€9,254
up €9,254 (+74.5%), from €12,415 to €21,668
of which Trade receivables: +€6,498
- Debts after one year -€19,011
down €19,011 (-20.7%), from €91,858 to €72,848
- Profit (loss) carried forward +€10,550
up €10,550 (+478.7%), from €2,204 to €12,754
- Other debts +€6,560
up €6,560 (+75.0%), from €8,747 to €15,307
- Tax, wage and social debts +€4,491
up €4,491 (+154.8%), from €2,901 to €7,391
- Gross operating margin +€12,114
up €12,114 (+45.1%), from €26,875 to €38,988
- Financial charges +€3,572
up €3,572 (+231.4%), from €1,543 to €5,115
- Depreciation +€393
up €393 (+2.1%), from €18,964 to €19,357
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 | €261,288 | €263,047 | +€1,759 | +0.7% |
| Fixed assets | 21/28 | €224,783 | €200,426 | -€24,357 | -10.8% |
| Tangible fixed assets | 22/27 | €224,783 | €200,426 | -€24,357 | -10.8% |
| Land and buildings | 22 | €167,841 | €167,217 | -€624 | -0.4% |
| Plant, machinery and equipment | 23 | €51,942 | €33,209 | -€18,733 | -36.1% |
| Assets under construction and advance payments | 27 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €36,505 | €62,621 | +€26,116 | +71.5% |
| Amounts receivable within one year | 40/41 | €12,415 | €21,668 | +€9,254 | +74.5% |
| Trade receivables | 40 | €12,415 | €18,912 | +€6,498 | +52.3% |
| Other amounts receivable | 41 | - | €2,756 | +€2,756 | |
| Cash at bank and in hand | 54/58 | €21,541 | €38,566 | +€17,025 | +79.0% |
| Deferred charges and accrued income | 490/1 | €2,550 | €2,387 | -€162 | -6.4% |
| Total equity and liabilities | 10/49 | €261,288 | €263,047 | +€1,759 | +0.7% |
| Equity | 10/15 | €133,277 | €143,828 | +€10,550 | +7.9% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €31,916 | €31,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,204 | €12,754 | +€10,550 | +478.7% |
| Amounts payable | 17/49 | €128,011 | €119,220 | -€8,791 | -6.9% |
| Amounts payable after more than one year | 17 | €91,858 | €72,848 | -€19,011 | -20.7% |
| Financial debts | 170/4 | €91,858 | €72,848 | -€19,011 | -20.7% |
| Amounts payable within one year | 42/48 | €33,084 | €43,220 | +€10,136 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €18,669 | €19,011 | +€342 | +1.8% |
| Trade debts | 44 | €2,768 | €1,511 | -€1,257 | -45.4% |
| Suppliers | 440/4 | €2,768 | €1,511 | -€1,257 | -45.4% |
| Taxes, remuneration and social security | 45 | €2,901 | €7,391 | +€4,491 | +154.8% |
| Taxes | 450/3 | €2,901 | €7,391 | +€4,491 | +154.8% |
| Other amounts payable | 47/48 | €8,747 | €15,307 | +€6,560 | +75.0% |
| Accrued charges and deferred income | 492/3 | €3,068 | €3,152 | +€83 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,964 | €19,357 | +€393 | +2.1% |
| Other operating charges | 640/8 | €3,583 | €3,728 | +€145 | +4.1% |
| Gross operating margin | 9900 | €26,875 | €38,988 | +€12,114 | +45.1% |
| Operating profit (loss) | 9901 | €4,328 | €15,903 | +€11,575 | +267.5% |
| Financial income | 75/76B | €103 | €6 | -€96 | -93.9% |
| Recurring financial income | 75 | €103 | €6 | -€96 | -93.9% |
| Financial charges | 65/66B | €1,543 | €5,115 | +€3,572 | +231.4% |
| Recurring financial charges | 65 | €1,543 | €5,115 | +€3,572 | +231.4% |
| Profit (loss) for the period before taxes | 9903 | €2,887 | €10,794 | +€7,907 | +273.9% |
| Income taxes | 67/77 | €255 | €244 | -€11 | -4.2% |
| Profit (loss) for the period | 9904 | €2,632 | €10,550 | +€7,918 | +300.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,632 | €10,550 | +€7,918 | +300.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.