PLV2: 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.
PLV2
Largest movements
- Receivables within one year -€34,256
down €34,256 (-98.7%), from €34,718 to €462
- Receivables after one year +€14,874
up €14,874 (+171.2%), from €8,687 to €23,561
- Financial fixed assets -€2,610
down €2,610 (-100.0%), from €2,610 to €0
- Cash -€630
down €630 (-73.0%), from €863 to €233
mainly Tax, wage and social debts (-€17,437) and Receivables after one year (-€14,874)
- Tax, wage and social debts -€17,437
down €17,437 (-92.3%), from €18,886 to €1,449
of which Taxes: -€10,597
- Trade debts -€6,533
down €6,533 (-56.6%), from €11,551 to €5,018
- Profit (loss) carried forward +€972
up €972 (+10.8%), from -€8,982 to -€8,010
- Gross operating margin -€123,894
down €123,894 (-97.6%), from €126,925 to €3,032
- Staff costs -€79,745
down €79,745 (-98.7%), from €80,826 to €1,081
- Other operating charges -€8,385
down €8,385 (-97.9%), from €8,564 to €179
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 | €46,878 | €24,257 | -€22,622 | -48.3% |
| Fixed assets | 21/28 | €2,610 | €0 | -€2,610 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,610 | €0 | -€2,610 | -100.0% |
| Current assets | 29/58 | €44,268 | €24,257 | -€20,012 | -45.2% |
| Amounts receivable after more than one year | 29 | €8,687 | €23,561 | +€14,874 | +171.2% |
| Other amounts receivable | 291 | €8,687 | €23,561 | +€14,874 | +171.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,718 | €462 | -€34,256 | -98.7% |
| Trade receivables | 40 | €34,718 | €462 | -€34,256 | -98.7% |
| Cash at bank and in hand | 54/58 | €863 | €233 | -€630 | -73.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €46,878 | €24,257 | -€22,622 | -48.3% |
| Equity | 10/15 | €11,018 | €11,990 | +€972 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,982 | -€8,010 | +€972 | +10.8% |
| Amounts payable | 17/49 | €35,861 | €12,267 | -€23,593 | -65.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,861 | €12,267 | -€23,593 | -65.8% |
| Trade debts | 44 | €11,551 | €5,018 | -€6,533 | -56.6% |
| Suppliers | 440/4 | €11,551 | €5,018 | -€6,533 | -56.6% |
| Taxes, remuneration and social security | 45 | €18,886 | €1,449 | -€17,437 | -92.3% |
| Taxes | 450/3 | €12,046 | €1,449 | -€10,597 | -88.0% |
| Remuneration and social security | 454/9 | €6,840 | €0 | -€6,840 | -100.0% |
| Other amounts payable | 47/48 | €5,424 | €5,800 | +€377 | +6.9% |
| Remuneration, social security and pensions | 62 | €80,826 | €1,081 | -€79,745 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €8,564 | €179 | -€8,385 | -97.9% |
| Non-recurring operating charges | 66A | €5,683 | €0 | -€5,683 | -100.0% |
| Gross operating margin | 9900 | €126,925 | €3,032 | -€123,894 | -97.6% |
| Operating profit (loss) | 9901 | €31,852 | €1,772 | -€30,080 | -94.4% |
| Financial income | 75/76B | €0 | €28 | +€28 | |
| Recurring financial income | 75 | €0 | €28 | +€28 | |
| Financial charges | 65/66B | €360 | €829 | +€469 | +130.4% |
| Recurring financial charges | 65 | €360 | €829 | +€469 | +130.4% |
| Profit (loss) for the period before taxes | 9903 | €31,492 | €972 | -€30,520 | -96.9% |
| Profit (loss) for the period | 9904 | €31,492 | €972 | -€30,520 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,492 | €972 | -€30,520 | -96.9% |
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 1 October 2026 via checked.be.