PLWORKZ R&D: 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.
PLWORKZ R&D
Largest movements
- Receivables within one year +€37,767
up €37,767 (+31.9%), from €118,340 to €156,107
of which Trade receivables: +€21,205
- Cash -€28,191
down €28,191 (-46.5%), from €60,669 to €32,479
mainly Receivables within one year (-€37,767) and Tax, wage and social debts (-€33,790)
- Tangible fixed assets +€11,395
new in 2025: €11,395
- Profit (loss) carried forward +€36,108
up €36,108 (+31.1%), from €116,286 to €152,394
- Tax, wage and social debts -€33,790
down €33,790 (-63.4%), from €53,290 to €19,499
of which Taxes: -€29,783
- Trade debts +€14,617
up €14,617 (+330%), from €4,434 to €19,051
- Current portion of long-term debt +€4,037
new in 2025: €4,037
- Turnover +€81,629
up €81,629 (+38.0%), from €214,858 to €296,487
- Purchases and services +€45,725
up €45,725 (+22.8%), from €200,163 to €245,888
- Gross operating margin +€36,665
up €36,665 (+95.1%), from €38,543 to €75,209
- Staff costs -€18,225
down €18,225 (-40.3%), from €45,267 to €27,042
- Taxes +€4,190
up €4,190 (+86.6%), from €4,837 to €9,027
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,009 | €199,980 | +€20,971 | +11.7% |
| Fixed assets | 21/28 | - | €11,395 | +€11,395 | |
| Tangible fixed assets | 22/27 | - | €11,395 | +€11,395 | |
| Furniture and vehicles | 24 | - | €11,395 | +€11,395 | |
| Current assets | 29/58 | €179,009 | €188,586 | +€9,577 | +5.3% |
| Amounts receivable within one year | 40/41 | €118,340 | €156,107 | +€37,767 | +31.9% |
| Trade receivables | 40 | €12 | €21,217 | +€21,205 | +175,978% |
| Other amounts receivable | 41 | €118,328 | €134,890 | +€16,562 | +14.0% |
| Cash at bank and in hand | 54/58 | €60,669 | €32,479 | -€28,191 | -46.5% |
| Total equity and liabilities | 10/49 | €179,009 | €199,980 | +€20,971 | +11.7% |
| Equity | 10/15 | €121,286 | €157,394 | +€36,108 | +29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,286 | €152,394 | +€36,108 | +31.1% |
| Amounts payable | 17/49 | €57,723 | €42,587 | -€15,136 | -26.2% |
| Amounts payable within one year | 42/48 | €57,723 | €42,587 | -€15,136 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,037 | +€4,037 | |
| Trade debts | 44 | €4,434 | €19,051 | +€14,617 | +330% |
| Suppliers | 440/4 | €4,434 | €19,051 | +€14,617 | +330% |
| Taxes, remuneration and social security | 45 | €53,290 | €19,499 | -€33,790 | -63.4% |
| Taxes | 450/3 | €43,498 | €13,716 | -€29,783 | -68.5% |
| Remuneration and social security | 454/9 | €9,791 | €5,783 | -€4,008 | -40.9% |
| Turnover | 70 | €214,858 | €296,487 | +€81,629 | +38.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,163 | €245,888 | +€45,725 | +22.8% |
| Remuneration, social security and pensions | 62 | €45,267 | €27,042 | -€18,225 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,930 | +€1,930 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €38,543 | €75,209 | +€36,665 | +95.1% |
| Operating profit (loss) | 9901 | -€6,724 | €46,187 | +€52,911 | |
| Financial charges | 65/66B | €419 | €1,053 | +€634 | +151% |
| Recurring financial charges | 65 | €419 | €1,053 | +€634 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€7,143 | €45,135 | +€52,277 | |
| Income taxes | 67/77 | €4,837 | €9,027 | +€4,190 | +86.6% |
| Profit (loss) for the period | 9904 | -€11,979 | €36,108 | +€48,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,979 | €36,108 | +€48,087 |
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 25 October 2026 via checked.be.