PLYPAN: 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.
PLYPAN
Largest movements
- Cash +€68,957
up €68,957 (+766.3%), from €8,999 to €77,956
mainly Net result for the year (+€64,441) and Depreciation (+€33,577)
- Tangible fixed assets -€27,513
down €27,513 (-6.1%), from €452,146 to €424,633
of which Land and buildings: -€15,450
- Receivables within one year -€19,953
down €19,953 (-99.5%), from €20,053 to €100
of which Trade receivables: -€20,004
- Reserves +€64,441
up €64,441 (+29.6%), from €217,511 to €281,952
- Debts after one year -€25,000
down €25,000 (-12.5%), from €200,000 to €175,000
- Current portion of long-term debt -€17,774
down €17,774 (-41.6%), from €42,774 to €25,000
- Gross operating margin +€28,312
up €28,312 (+25.5%), from €110,836 to €139,148
- Taxes +€6,204
up €6,204 (+32.7%), from €18,960 to €25,164
- Financial charges +€3,833
up €3,833 (+37.5%), from €10,211 to €14,044
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 | €481,198 | €502,988 | +€21,790 | +4.5% |
| Fixed assets | 21/28 | €452,146 | €424,633 | -€27,513 | -6.1% |
| Tangible fixed assets | 22/27 | €452,146 | €424,633 | -€27,513 | -6.1% |
| Land and buildings | 22 | €440,083 | €424,633 | -€15,450 | -3.5% |
| Plant, machinery and equipment | 23 | €640 | €0 | -€640 | -100.0% |
| Furniture and vehicles | 24 | €11,423 | €0 | -€11,423 | -100.0% |
| Current assets | 29/58 | €29,052 | €78,355 | +€49,303 | +169.7% |
| Amounts receivable within one year | 40/41 | €20,053 | €100 | -€19,953 | -99.5% |
| Trade receivables | 40 | €20,004 | €0 | -€20,004 | -100.0% |
| Other amounts receivable | 41 | €49 | €100 | +€52 | +105.7% |
| Cash at bank and in hand | 54/58 | €8,999 | €77,956 | +€68,957 | +766.3% |
| Deferred charges and accrued income | 490/1 | - | €298 | +€298 | |
| Total equity and liabilities | 10/49 | €481,198 | €502,988 | +€21,790 | +4.5% |
| Equity | 10/15 | €222,511 | €286,952 | +€64,441 | +29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €217,511 | €281,952 | +€64,441 | +29.6% |
| Distributable reserves | 133 | €217,511 | €281,952 | +€64,441 | +29.6% |
| Amounts payable | 17/49 | €258,687 | €216,036 | -€42,651 | -16.5% |
| Amounts payable after more than one year | 17 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Financial debts | 170/4 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Amounts payable within one year | 42/48 | €57,537 | €41,036 | -€16,501 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €42,774 | €25,000 | -€17,774 | -41.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €463 | €3,569 | +€3,106 | +671.2% |
| Suppliers | 440/4 | €463 | €3,569 | +€3,106 | +671.2% |
| Taxes, remuneration and social security | 45 | €14,300 | €12,467 | -€1,833 | -12.8% |
| Taxes | 450/3 | €11,300 | €9,467 | -€1,833 | -16.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,150 | €0 | -€1,150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,178 | €33,577 | +€400 | +1.2% |
| Other operating charges | 640/8 | €810 | €1,933 | +€1,122 | +138.6% |
| Gross operating margin | 9900 | €110,836 | €139,148 | +€28,312 | +25.5% |
| Operating profit (loss) | 9901 | €76,849 | €103,638 | +€26,790 | +34.9% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €10,211 | €14,044 | +€3,833 | +37.5% |
| Recurring financial charges | 65 | €10,211 | €14,044 | +€3,833 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €66,637 | €89,605 | +€22,967 | +34.5% |
| Income taxes | 67/77 | €18,960 | €25,164 | +€6,204 | +32.7% |
| Profit (loss) for the period | 9904 | €47,677 | €64,441 | +€16,764 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,677 | €64,441 | +€16,764 | +35.2% |
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 12 October 2026 via checked.be.