PLW Management: 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.
What changed
PLW Management
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€156,180
2024 · €147,690+€8,490
Equity
€657,992
2024 · €501,813+€156,180
Cash
€363,470
2024 · €356,062+€7,408
Balance sheet total
€1.1m
2024 · €704,792+€351,142
Largest movements
Assets
- Tangible fixed assets +€304,516
up €304,516 (+98.3%), from €309,627 to €614,143
of which Land and buildings: +€328,720
- Current investments +€32,000
new in 2025: €32,000
Equity and liabilities
- Debts after one year +€195,943
up €195,943 (+148%), from €132,491 to €328,434
- Profit (loss) carried forward +€156,180
up €156,180 (+32.4%), from €481,408 to €637,587
Income statement
- Financial income +€39,840
up €39,840 (+398,399,900%), from €0 to €39,840
- Gross operating margin -€34,682
down €34,682 (-15.1%), from €229,652 to €194,970
- Taxes -€12,076
down €12,076 (-27.7%), from €43,544 to €31,469
- Financial charges +€11,288
up €11,288 (+5,319%), from €212 to €11,500
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.
Result 2024
€147,690
Gross operating margin
-€34,682
Depreciation
+€982
Other operating charges
+€1,562
Financial income
+€39,840
Financial charges
-€11,288
Taxes
+€12,076
Result 2025
€156,180
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€188,478
Investment
-€370,332
Financing
+€189,262
Cash 2024
€356,062
From operations (derived)
+€188,478
Net result for the year
+€156,180
Depreciation
+€33,816
Receivables within one year
-€8,531
Deferred charges and accrued income
+€1,313
Smaller working-capital items
-€1,361
Tax, wage and social debts
+€5,938
Accrued charges and deferred income
+€1,124
Investment (derived)
-€370,332
Investment in fixed assets (net)
-€338,332
Current investments
-€32,000
Financing
+€189,262
Debts after one year
+€195,943
Current portion of long-term debt
-€6,681
Cash 2025
€363,470
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €704,792 | €1,055,935 | +€351,142 | +49.8% |
| Fixed assets | 21/28 | €339,377 | €643,893 | +€304,516 | +89.7% |
| Tangible fixed assets | 22/27 | €309,627 | €614,143 | +€304,516 | +98.3% |
| Land and buildings | 22 | €248,619 | €577,339 | +€328,720 | +132% |
| Furniture and vehicles | 24 | €33,337 | €32,126 | -€1,211 | -3.6% |
| Leasing and similar rights | 25 | €21,598 | - | -€21,598 | |
| Other tangible fixed assets | 26 | €6,072 | €4,678 | -€1,395 | -23.0% |
| Financial fixed assets | 28 | €29,750 | €29,750 | = | 0.0% |
| Current assets | 29/58 | €365,415 | €412,042 | +€46,627 | +12.8% |
| Amounts receivable within one year | 40/41 | €6,396 | €14,927 | +€8,531 | +133% |
| Other amounts receivable | 41 | €6,396 | €14,927 | +€8,531 | +133% |
| Current investments | 50/53 | - | €32,000 | +€32,000 | |
| Cash at bank and in hand | 54/58 | €356,062 | €363,470 | +€7,408 | +2.1% |
| Deferred charges and accrued income | 490/1 | €2,958 | €1,645 | -€1,313 | -44.4% |
| Total equity and liabilities | 10/49 | €704,792 | €1,055,935 | +€351,142 | +49.8% |
| Equity | 10/15 | €501,813 | €657,992 | +€156,180 | +31.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,408 | €637,587 | +€156,180 | +32.4% |
| Amounts payable | 17/49 | €202,980 | €397,943 | +€194,963 | +96.1% |
| Amounts payable after more than one year | 17 | €132,491 | €328,434 | +€195,943 | +148% |
| Financial debts | 170/4 | €132,491 | €328,434 | +€195,943 | +148% |
| Amounts payable within one year | 42/48 | €70,489 | €68,384 | -€2,105 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €50,574 | €43,893 | -€6,681 | -13.2% |
| Trade debts | 44 | €4,327 | €3,799 | -€528 | -12.2% |
| Suppliers | 440/4 | €4,327 | €3,799 | -€528 | -12.2% |
| Taxes, remuneration and social security | 45 | €14,004 | €19,942 | +€5,938 | +42.4% |
| Taxes | 450/3 | €14,004 | €19,942 | +€5,938 | +42.4% |
| Other amounts payable | 47/48 | €1,584 | €751 | -€833 | -52.6% |
| Accrued charges and deferred income | 492/3 | - | €1,124 | +€1,124 | |
| Non-recurring operating income | 76A | €11,570 | - | -€11,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,798 | €33,816 | -€982 | -2.8% |
| Other operating charges | 640/8 | €3,408 | €1,845 | -€1,562 | -45.8% |
| Gross operating margin | 9900 | €229,652 | €194,970 | -€34,682 | -15.1% |
| Operating profit (loss) | 9901 | €191,446 | €159,308 | -€32,138 | -16.8% |
| Financial income | 75/76B | €0 | €39,840 | +€39,840 | +398,399,900% |
| Recurring financial income | 75 | €0 | €39,840 | +€39,840 | +398,399,900% |
| Financial charges | 65/66B | €212 | €11,500 | +€11,288 | +5,319% |
| Recurring financial charges | 65 | €212 | €11,500 | +€11,288 | +5,319% |
| Profit (loss) for the period before taxes | 9903 | €191,234 | €187,648 | -€3,586 | -1.9% |
| Income taxes | 67/77 | €43,544 | €31,469 | -€12,076 | -27.7% |
| Profit (loss) for the period | 9904 | €147,690 | €156,180 | +€8,490 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,690 | €156,180 | +€8,490 | +5.7% |
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 18 October 2026 via checked.be.