Plutus: 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.
Plutus
Largest movements
- Receivables within one year +€50,595
up €50,595 (+144.6%), from €34,993 to €85,588
of which Trade receivables: +€48,907
- Cash -€33,127
down €33,127 (-68.6%), from €48,278 to €15,151
mainly Receivables within one year (-€50,595) and Other debts (-€7,781)
- Trade debts +€16,402
up €16,402 (+47.2%), from €34,728 to €51,130
- Other debts -€7,781
no longer reported in 2025 (was €7,781)
- Tax, wage and social debts +€4,587
up €4,587 (+19.9%), from €23,011 to €27,598
of which Remuneration and social security: +€3,451
- Profit (loss) carried forward +€2,783
up €2,783 (+16.4%), from -€16,999 to -€14,216
- Gross operating margin -€56,776
down €56,776 (-41.7%), from €136,169 to €79,393
- Write-downs -€44,699
no longer reported in 2025 (was €44,699)
- Other operating charges -€28,203
down €28,203 (-83.9%), from €33,622 to €5,419
- Staff costs -€4,006
down €4,006 (-5.6%), from €71,309 to €67,304
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 | €89,725 | €105,717 | +€15,991 | +17.8% |
| Fixed assets | 21/28 | €5,160 | €4,400 | -€761 | -14.7% |
| Tangible fixed assets | 22/27 | €4,995 | €4,235 | -€761 | -15.2% |
| Plant, machinery and equipment | 23 | €4,372 | €3,811 | -€561 | -12.8% |
| Other tangible fixed assets | 26 | €623 | €424 | -€199 | -32.0% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €84,565 | €101,317 | +€16,752 | +19.8% |
| Amounts receivable within one year | 40/41 | €34,993 | €85,588 | +€50,595 | +144.6% |
| Trade receivables | 40 | €25,645 | €74,552 | +€48,907 | +190.7% |
| Other amounts receivable | 41 | €9,348 | €11,036 | +€1,688 | +18.1% |
| Cash at bank and in hand | 54/58 | €48,278 | €15,151 | -€33,127 | -68.6% |
| Deferred charges and accrued income | 490/1 | €1,294 | €578 | -€716 | -55.3% |
| Total equity and liabilities | 10/49 | €89,725 | €105,717 | +€15,991 | +17.8% |
| Equity | 10/15 | €24,205 | €26,988 | +€2,783 | +11.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €37,204 | €37,204 | = | 0.0% |
| Distributable reserves | 133 | €37,204 | €37,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,999 | -€14,216 | +€2,783 | +16.4% |
| Amounts payable | 17/49 | €65,520 | €78,728 | +€13,208 | +20.2% |
| Amounts payable within one year | 42/48 | €65,520 | €78,728 | +€13,208 | +20.2% |
| Trade debts | 44 | €34,728 | €51,130 | +€16,402 | +47.2% |
| Suppliers | 440/4 | €34,728 | €51,130 | +€16,402 | +47.2% |
| Taxes, remuneration and social security | 45 | €23,011 | €27,598 | +€4,587 | +19.9% |
| Taxes | 450/3 | €2,837 | €3,972 | +€1,136 | +40.0% |
| Remuneration and social security | 454/9 | €20,175 | €23,626 | +€3,451 | +17.1% |
| Other amounts payable | 47/48 | €7,781 | - | -€7,781 | |
| Non-recurring operating income | 76A | €1,015 | - | -€1,015 | |
| Remuneration, social security and pensions | 62 | €71,309 | €67,304 | -€4,006 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,159 | €2,808 | -€351 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,699 | - | -€44,699 | |
| Other operating charges | 640/8 | €33,622 | €5,419 | -€28,203 | -83.9% |
| Gross operating margin | 9900 | €136,169 | €79,393 | -€56,776 | -41.7% |
| Operating profit (loss) | 9901 | -€16,619 | €3,863 | +€20,482 | |
| Financial income | 75/76B | €17 | €545 | +€529 | +3195.0% |
| Recurring financial income | 75 | €17 | €545 | +€529 | +3195.0% |
| Financial charges | 65/66B | €395 | €1,625 | +€1,230 | +311.7% |
| Recurring financial charges | 65 | €395 | €1,625 | +€1,230 | +311.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,997 | €2,783 | +€19,781 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€16,999 | €2,783 | +€19,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,999 | €2,783 | +€19,783 |
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 4 October 2026 via checked.be.