PLY - SYSTEMS: 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.
PLY - SYSTEMS
Largest movements
- Receivables within one year -€10,687
down €10,687 (-22.7%), from €47,082 to €36,395
of which Other amounts receivable: -€9,779
- Tangible fixed assets -€6,999
down €6,999 (-34.4%), from €20,342 to €13,344
of which Furniture and vehicles: -€6,285
- Deferred charges and accrued income +€882
up €882 (+27.6%), from €3,198 to €4,081
- Short-term financial debts -€10,050
down €10,050 (-49.2%), from €20,415 to €10,365
- Current portion of long-term debt -€5,138
no longer reported in 2025 (was €5,138)
- Tax, wage and social debts -€4,970
down €4,970 (-43.6%), from €11,408 to €6,438
- Trade debts +€4,227
up €4,227 (+86.4%), from €4,894 to €9,121
- Debts after one year -€1,302
no longer reported in 2025 (was €1,302)
- Gross operating margin -€17,963
down €17,963 (-54.4%), from €32,994 to €15,031
- Taxes -€5,063
down €5,063 (-79.6%), from €6,357 to €1,294
- Other operating charges -€2,202
down €2,202 (-59.5%), from €3,700 to €1,498
- Depreciation +€697
up €697 (+7.7%), from €9,059 to €9,756
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,622 | €53,819 | -€16,803 | -23.8% |
| Fixed assets | 21/28 | €20,342 | €13,344 | -€6,999 | -34.4% |
| Tangible fixed assets | 22/27 | €20,342 | €13,344 | -€6,999 | -34.4% |
| Land and buildings | 22 | €229 | - | -€229 | |
| Plant, machinery and equipment | 23 | €6,379 | €5,894 | -€485 | -7.6% |
| Furniture and vehicles | 24 | €13,734 | €7,449 | -€6,285 | -45.8% |
| Current assets | 29/58 | €50,280 | €40,476 | -€9,804 | -19.5% |
| Amounts receivable within one year | 40/41 | €47,082 | €36,395 | -€10,687 | -22.7% |
| Trade receivables | 40 | €24,599 | €23,692 | -€908 | -3.7% |
| Other amounts receivable | 41 | €22,482 | €12,703 | -€9,779 | -43.5% |
| Deferred charges and accrued income | 490/1 | €3,198 | €4,081 | +€882 | +27.6% |
| Total equity and liabilities | 10/49 | €70,622 | €53,819 | -€16,803 | -23.8% |
| Equity | 10/15 | €27,464 | €27,896 | +€431 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12 | €444 | +€431 | +3532.6% |
| Amounts payable | 17/49 | €43,158 | €25,924 | -€17,234 | -39.9% |
| Amounts payable after more than one year | 17 | €1,302 | - | -€1,302 | |
| Financial debts | 170/4 | €1,302 | - | -€1,302 | |
| Amounts payable within one year | 42/48 | €41,856 | €25,924 | -€15,932 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €5,138 | - | -€5,138 | |
| Financial debts | 43 | €20,415 | €10,365 | -€10,050 | -49.2% |
| Credit institutions | 430/8 | €20,415 | €10,365 | -€10,050 | -49.2% |
| Trade debts | 44 | €4,894 | €9,121 | +€4,227 | +86.4% |
| Suppliers | 440/4 | €4,894 | €9,121 | +€4,227 | +86.4% |
| Taxes, remuneration and social security | 45 | €11,408 | €6,438 | -€4,970 | -43.6% |
| Taxes | 450/3 | €11,408 | €6,438 | -€4,970 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,059 | €9,756 | +€697 | +7.7% |
| Other operating charges | 640/8 | €3,700 | €1,498 | -€2,202 | -59.5% |
| Gross operating margin | 9900 | €32,994 | €15,031 | -€17,963 | -54.4% |
| Operating profit (loss) | 9901 | €20,235 | €3,777 | -€16,458 | -81.3% |
| Financial income | 75/76B | €1,090 | €935 | -€156 | -14.3% |
| Recurring financial income | 75 | €1,090 | €935 | -€156 | -14.3% |
| Financial charges | 65/66B | €3,128 | €2,987 | -€142 | -4.5% |
| Recurring financial charges | 65 | €3,128 | €2,987 | -€142 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €18,197 | €1,725 | -€16,472 | -90.5% |
| Income taxes | 67/77 | €6,357 | €1,294 | -€5,063 | -79.6% |
| Profit (loss) for the period | 9904 | €11,840 | €431 | -€11,409 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,840 | €431 | -€11,409 | -96.4% |
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 9 October 2026 via checked.be.