PLUVALU: 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.
PLUVALU
Largest movements
- Receivables within one year +€5.5m
up €5.5m (+1646.4%), from €333,225 to €5.8m
of which Other amounts receivable: +€5.5m
- Receivables after one year -€4.4m
down €4.4m (-100.0%), from €4.4m to €0
- Stocks and contracts -€694,189
down €694,189 (-20.4%), from €3.4m to €2.7m
- Cash +€659,257
up €659,257 (+158.2%), from €416,610 to €1.1m
mainly Receivables after one year (+€4.4m) and Stocks and contracts (+€694,189)
- Tax, wage and social debts +€541,883
new in 2025: €541,883
- Debts after one year +€406,577
up €406,577 (+27.4%), from €1.5m to €1.9m
- Short-term financial debts -€314,329
down €314,329 (-4.8%), from €6.6m to €6.3m
- Reserves +€271,128
up €271,128 (+101.1%), from €268,235 to €539,363
- Trade debts +€110,675
up €110,675 (+263.8%), from €41,954 to €152,629
- Gross operating margin +€233,463
up €233,463 (+154.5%), from €151,141 to €384,604
- Taxes +€50,355
up €50,355, from €0 to €50,355
- Financial charges +€22,704
up €22,704 (+8.0%), from €282,273 to €304,977
- Other operating charges +€9,154
up €9,154 (+102.4%), from €8,936 to €18,090
- Financial income +€8,635
up €8,635 (+3.4%), from €251,310 to €259,945
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 | €8,564,824 | €9,667,104 | +€1.1m | +12.9% |
| Fixed assets | 21/28 | €1,688 | €1,300 | -€388 | -23.0% |
| Financial fixed assets | 28 | €1,688 | €1,300 | -€388 | -23.0% |
| Current assets | 29/58 | €8,563,137 | €9,665,804 | +€1.1m | +12.9% |
| Amounts receivable after more than one year | 29 | €4,400,000 | €0 | -€4.4m | -100.0% |
| Other amounts receivable | 291 | €4,400,000 | €0 | -€4.4m | -100.0% |
| Stocks and contracts in progress | 3 | €3,410,941 | €2,716,752 | -€694,189 | -20.4% |
| Stocks | 30/36 | €3,410,941 | €2,716,752 | -€694,189 | -20.4% |
| Amounts receivable within one year | 40/41 | €333,225 | €5,819,488 | +€5.5m | +1646.4% |
| Trade receivables | 40 | - | €1,513 | +€1,513 | |
| Other amounts receivable | 41 | €333,225 | €5,817,976 | +€5.5m | +1646.0% |
| Cash at bank and in hand | 54/58 | €416,610 | €1,075,866 | +€659,257 | +158.2% |
| Deferred charges and accrued income | 490/1 | €2,361 | €53,698 | +€51,336 | +2174.0% |
| Total equity and liabilities | 10/49 | €8,564,824 | €9,667,104 | +€1.1m | +12.9% |
| Equity | 10/15 | €280,635 | €551,763 | +€271,128 | +96.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €268,235 | €539,363 | +€271,128 | +101.1% |
| Distributable reserves | 133 | €268,235 | €539,363 | +€271,128 | +101.1% |
| Amounts payable | 17/49 | €8,284,190 | €9,115,342 | +€831,152 | +10.0% |
| Amounts payable after more than one year | 17 | €1,483,255 | €1,889,832 | +€406,577 | +27.4% |
| Financial debts | 170/4 | €1,483,255 | €1,889,832 | +€406,577 | +27.4% |
| Amounts payable within one year | 42/48 | €6,722,444 | €7,089,860 | +€367,416 | +5.5% |
| Financial debts | 43 | €6,602,939 | €6,288,610 | -€314,329 | -4.8% |
| Credit institutions | 430/8 | €6,602,939 | €6,288,610 | -€314,329 | -4.8% |
| Trade debts | 44 | €41,954 | €152,629 | +€110,675 | +263.8% |
| Suppliers | 440/4 | €41,954 | €152,629 | +€110,675 | +263.8% |
| Taxes, remuneration and social security | 45 | - | €541,883 | +€541,883 | |
| Taxes | 450/3 | - | €541,883 | +€541,883 | |
| Other amounts payable | 47/48 | €77,551 | €106,738 | +€29,187 | +37.6% |
| Accrued charges and deferred income | 492/3 | €78,491 | €135,650 | +€57,159 | +72.8% |
| Other operating charges | 640/8 | €8,936 | €18,090 | +€9,154 | +102.4% |
| Gross operating margin | 9900 | €151,141 | €384,604 | +€233,463 | +154.5% |
| Operating profit (loss) | 9901 | €142,205 | €366,514 | +€224,309 | +157.7% |
| Financial income | 75/76B | €251,310 | €259,945 | +€8,635 | +3.4% |
| Recurring financial income | 75 | €251,310 | €259,945 | +€8,635 | +3.4% |
| Financial charges | 65/66B | €282,273 | €304,977 | +€22,704 | +8.0% |
| Recurring financial charges | 65 | €282,273 | €304,977 | +€22,704 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €111,242 | €321,483 | +€210,241 | +189.0% |
| Income taxes | 67/77 | €0 | €50,355 | +€50,355 | |
| Profit (loss) for the period | 9904 | €111,242 | €271,128 | +€159,886 | +143.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,242 | €271,128 | +€159,886 | +143.7% |
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 11 October 2026 via checked.be.