PZLT: what changed
Two fiscal 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.
PZLT
Largest movements
- Receivables within one year +€10,987
up €10,987 (+63.7%), from €17,259 to €28,246
of which Other amounts receivable: +€12,907
- Cash +€6,744
up €6,744 (+89.6%), from €7,528 to €14,272
mainly Net result for the year (+€20,602) and Tax, wage and social debts (+€3,798)
- Tangible fixed assets +€3,359
up €3,359 (+200.3%), from €1,677 to €5,037
of which Other tangible fixed assets: +€3,748
- Profit (loss) carried forward +€20,602
up €20,602 (+672.0%), from €3,066 to €23,668
- Tax, wage and social debts +€3,798
up €3,798 (+64.8%), from €5,862 to €9,660
of which Remuneration and social security: +€3,587
- Trade debts -€3,325
down €3,325 (-99.6%), from €3,338 to €12
- Gross operating margin +€10,404
up €10,404 (+11.1%), from €93,599 to €104,003
- Depreciation -€1,792
down €1,792 (-40.8%), from €4,388 to €2,596
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 | €26,625 | €47,700 | +€21,075 | +79.2% |
| Fixed assets | 21/28 | €1,677 | €5,037 | +€3,359 | +200.3% |
| Tangible fixed assets | 22/27 | €1,677 | €5,037 | +€3,359 | +200.3% |
| Plant, machinery and equipment | 23 | €77 | €1,289 | +€1,212 | +1579.6% |
| Furniture and vehicles | 24 | €1,601 | €0 | -€1,601 | -100.0% |
| Other tangible fixed assets | 26 | - | €3,748 | +€3,748 | |
| Current assets | 29/58 | €24,948 | €42,663 | +€17,715 | +71.0% |
| Stocks and contracts in progress | 3 | €20 | €0 | -€20 | -100.0% |
| Stocks | 30/36 | €20 | €0 | -€20 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,259 | €28,246 | +€10,987 | +63.7% |
| Trade receivables | 40 | €2,113 | €193 | -€1,920 | -90.9% |
| Other amounts receivable | 41 | €15,146 | €28,053 | +€12,907 | +85.2% |
| Cash at bank and in hand | 54/58 | €7,528 | €14,272 | +€6,744 | +89.6% |
| Deferred charges and accrued income | 490/1 | €141 | €145 | +€5 | +3.4% |
| Total equity and liabilities | 10/49 | €26,625 | €47,700 | +€21,075 | +79.2% |
| Equity | 10/15 | €17,426 | €38,028 | +€20,602 | +118.2% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,066 | €23,668 | +€20,602 | +672.0% |
| Amounts payable | 17/49 | €9,200 | €9,672 | +€473 | +5.1% |
| Amounts payable within one year | 42/48 | €9,200 | €9,672 | +€473 | +5.1% |
| Trade debts | 44 | €3,338 | €12 | -€3,325 | -99.6% |
| Suppliers | 440/4 | €3,338 | €12 | -€3,325 | -99.6% |
| Taxes, remuneration and social security | 45 | €5,862 | €9,660 | +€3,798 | +64.8% |
| Taxes | 450/3 | €1,569 | €1,780 | +€212 | +13.5% |
| Remuneration and social security | 454/9 | €4,293 | €7,880 | +€3,587 | +83.5% |
| Remuneration, social security and pensions | 62 | €79,625 | €78,600 | -€1,025 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €2,596 | -€1,792 | -40.8% |
| Other operating charges | 640/8 | €1,682 | €998 | -€684 | -40.6% |
| Non-recurring operating charges | 66A | - | €1,760 | +€1,760 | |
| Gross operating margin | 9900 | €93,599 | €104,003 | +€10,404 | +11.1% |
| Operating profit (loss) | 9901 | €7,904 | €20,049 | +€12,145 | +153.7% |
| Financial income | 75/76B | €907 | €1,166 | +€259 | +28.5% |
| Recurring financial income | 75 | €907 | €1,166 | +€259 | +28.5% |
| Financial charges | 65/66B | €1,302 | €283 | -€1,019 | -78.3% |
| Recurring financial charges | 65 | €1,302 | €283 | -€1,019 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €7,510 | €20,932 | +€13,423 | +178.7% |
| Income taxes | 67/77 | €366 | €330 | -€36 | -9.9% |
| Profit (loss) for the period | 9904 | €7,143 | €20,602 | +€13,459 | +188.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,143 | €20,602 | +€13,459 | +188.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.