PPR LASERPLUS: 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.
PPR LASERPLUS
Largest movements
- Tangible fixed assets +€604,918
up €604,918 (+316%), from €191,169 to €796,087
of which Plant, machinery and equipment: +€631,680
- Cash -€109,589
down €109,589 (-24.9%), from €440,146 to €330,557
mainly Investment in fixed assets (net) (-€706,496) and Other debts (-€74,382)
- Receivables within one year +€60,093
up €60,093 (+43.0%), from €139,739 to €199,832
of which Trade receivables: +€49,997
- Stocks and contracts -€31,234
down €31,234 (-28.4%), from €110,085 to €78,851
- Debts after one year +€435,970
up €435,970 (+443%), from €98,448 to €534,418
- Trade debts +€103,016
up €103,016 (+97.0%), from €106,213 to €209,229
- Current portion of long-term debt +€83,456
up €83,456 (+155%), from €53,802 to €137,258
- Other debts -€74,382
down €74,382 (-51.1%), from €145,651 to €71,269
- Tax, wage and social debts -€16,389
down €16,389 (-33.7%), from €48,682 to €32,293
of which Remuneration and social security: -€16,726
- Gross operating margin -€169,961
down €169,961 (-24.6%), from €691,596 to €521,634
- Staff costs -€63,366
down €63,366 (-17.4%), from €364,888 to €301,522
- Taxes -€29,687
down €29,687 (-98.9%), from €30,023 to €336
- Write-downs +€27,149
new in 2025: €27,149
- Depreciation -€20,314
down €20,314 (-16.4%), from €124,173 to €103,860
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 | €888,889 | €1,415,171 | +€526,282 | +59.2% |
| Fixed assets | 21/28 | €194,565 | €797,201 | +€602,636 | +310% |
| Intangible fixed assets | 21 | €3,395 | €1,114 | -€2,282 | -67.2% |
| Tangible fixed assets | 22/27 | €191,169 | €796,087 | +€604,918 | +316% |
| Plant, machinery and equipment | 23 | €92,486 | €724,166 | +€631,680 | +683% |
| Furniture and vehicles | 24 | €58,280 | €35,444 | -€22,836 | -39.2% |
| Other tangible fixed assets | 26 | €40,403 | €36,477 | -€3,926 | -9.7% |
| Current assets | 29/58 | €694,324 | €617,970 | -€76,355 | -11.0% |
| Stocks and contracts in progress | 3 | €110,085 | €78,851 | -€31,234 | -28.4% |
| Stocks | 30/36 | €110,085 | €78,851 | -€31,234 | -28.4% |
| Amounts receivable within one year | 40/41 | €139,739 | €199,832 | +€60,093 | +43.0% |
| Trade receivables | 40 | €129,927 | €179,924 | +€49,997 | +38.5% |
| Other amounts receivable | 41 | €9,811 | €19,907 | +€10,096 | +103% |
| Cash at bank and in hand | 54/58 | €440,146 | €330,557 | -€109,589 | -24.9% |
| Deferred charges and accrued income | 490/1 | €4,354 | €8,730 | +€4,375 | +100% |
| Total equity and liabilities | 10/49 | €888,889 | €1,415,171 | +€526,282 | +59.2% |
| Equity | 10/15 | €431,593 | €430,704 | -€890 | -0.2% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €170,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €152,000 | €152,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,593 | €80,704 | -€890 | -1.1% |
| Amounts payable | 17/49 | €457,296 | €984,467 | +€527,171 | +115% |
| Amounts payable after more than one year | 17 | €98,448 | €534,418 | +€435,970 | +443% |
| Financial debts | 170/4 | €98,448 | €534,418 | +€435,970 | +443% |
| Amounts payable within one year | 42/48 | €354,348 | €450,049 | +€95,701 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €53,802 | €137,258 | +€83,456 | +155% |
| Trade debts | 44 | €106,213 | €209,229 | +€103,016 | +97.0% |
| Suppliers | 440/4 | €106,213 | €209,229 | +€103,016 | +97.0% |
| Taxes, remuneration and social security | 45 | €48,682 | €32,293 | -€16,389 | -33.7% |
| Taxes | 450/3 | €4,636 | €4,972 | +€336 | +7.3% |
| Remuneration and social security | 454/9 | €44,046 | €27,321 | -€16,726 | -38.0% |
| Other amounts payable | 47/48 | €145,651 | €71,269 | -€74,382 | -51.1% |
| Accrued charges and deferred income | 492/3 | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €364,888 | €301,522 | -€63,366 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,173 | €103,860 | -€20,314 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,149 | +€27,149 | |
| Other operating charges | 640/8 | €18,595 | €1,991 | -€16,604 | -89.3% |
| Gross operating margin | 9900 | €691,596 | €521,634 | -€169,961 | -24.6% |
| Operating profit (loss) | 9901 | €183,939 | €87,113 | -€96,827 | -52.6% |
| Financial income | 75/76B | €8,917 | - | -€8,917 | |
| Recurring financial income | 75 | €8,917 | - | -€8,917 | |
| Financial charges | 65/66B | €10,589 | €16,397 | +€5,808 | +54.8% |
| Recurring financial charges | 65 | €10,589 | €16,397 | +€5,808 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €182,267 | €70,715 | -€111,552 | -61.2% |
| Income taxes | 67/77 | €30,023 | €336 | -€29,687 | -98.9% |
| Profit (loss) for the period | 9904 | €152,244 | €70,379 | -€81,865 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,244 | €70,379 | -€81,865 | -53.8% |
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.