VS PLAFONNAGE: what changed
VS PLAFONNAGE
Largest movements
- Receivables within one year +€47,060
up €47,060 (+243%), from €19,372 to €66,432
of which Trade receivables: +€47,407
- Tangible fixed assets +€12,603
up €12,603 (+231%), from €5,449 to €18,052
of which Furniture and vehicles: +€8,679
- Stocks and contracts +€6,397
new in 2025: €6,397
- Intangible fixed assets -€5,000
down €5,000 (-14.3%), from €34,858 to €29,858
- Cash -€2,905
down €2,905 (-58.6%), from €4,960 to €2,054
mainly Receivables within one year (-€47,060) and Investment in fixed assets (net) (-€20,955)
- Tax, wage and social debts +€28,089
up €28,089 (+436%), from €6,445 to €34,533
of which Remuneration and social security: +€24,710
- Trade debts +€21,700
up €21,700 (+473%), from €4,583 to €26,283
- Other debts +€5,796
up €5,796 (+613%), from €945 to €6,742
- Debts after one year +€5,461
up €5,461 (+983%), from €556 to €6,016
- Current portion of long-term debt -€2,886
down €2,886 (-44.1%), from €6,550 to €3,664
- Staff costs +€24,856
up €24,856 (+23.8%), from €104,251 to €129,108
- Gross operating margin +€20,908
up €20,908 (+16.2%), from €129,279 to €150,187
- Other operating charges -€3,416
down €3,416 (-58.4%), from €5,852 to €2,436
- Depreciation +€2,049
up €2,049 (+18.2%), from €11,233 to €13,282
- Taxes -€1,593
down €1,593 (-55.5%), from €2,871 to €1,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,639 | €124,371 | +€59,732 | +92.4% |
| Fixed assets | 21/28 | €40,307 | €47,980 | +€7,673 | +19.0% |
| Intangible fixed assets | 21 | €34,858 | €29,858 | -€5,000 | -14.3% |
| Tangible fixed assets | 22/27 | €5,449 | €18,052 | +€12,603 | +231% |
| Plant, machinery and equipment | 23 | €1,376 | €5,300 | +€3,924 | +285% |
| Furniture and vehicles | 24 | €4,073 | €12,752 | +€8,679 | +213% |
| Financial fixed assets | 28 | - | €70 | +€70 | |
| Current assets | 29/58 | €24,332 | €76,391 | +€52,059 | +214% |
| Stocks and contracts in progress | 3 | - | €6,397 | +€6,397 | |
| Stocks | 30/36 | - | €6,397 | +€6,397 | |
| Amounts receivable within one year | 40/41 | €19,372 | €66,432 | +€47,060 | +243% |
| Trade receivables | 40 | €9,834 | €57,241 | +€47,407 | +482% |
| Other amounts receivable | 41 | €9,538 | €9,191 | -€347 | -3.6% |
| Cash at bank and in hand | 54/58 | €4,960 | €2,054 | -€2,905 | -58.6% |
| Deferred charges and accrued income | 490/1 | - | €1,508 | +€1,508 | |
| Total equity and liabilities | 10/49 | €64,639 | €124,371 | +€59,732 | +92.4% |
| Equity | 10/15 | €45,560 | €47,132 | +€1,572 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,560 | €40,560 | = | 0.0% |
| Distributable reserves | 133 | €40,560 | €40,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,572 | +€1,572 | |
| Amounts payable | 17/49 | €19,079 | €77,239 | +€58,160 | +305% |
| Amounts payable after more than one year | 17 | €556 | €6,016 | +€5,461 | +983% |
| Financial debts | 170/4 | €556 | €6,016 | +€5,461 | +983% |
| Amounts payable within one year | 42/48 | €18,523 | €71,223 | +€52,699 | +285% |
| Current portion of amounts payable after more than one year | 42 | €6,550 | €3,664 | -€2,886 | -44.1% |
| Trade debts | 44 | €4,583 | €26,283 | +€21,700 | +473% |
| Suppliers | 440/4 | €4,583 | €26,283 | +€21,700 | +473% |
| Taxes, remuneration and social security | 45 | €6,445 | €34,533 | +€28,089 | +436% |
| Taxes | 450/3 | €2,333 | €5,711 | +€3,379 | +145% |
| Remuneration and social security | 454/9 | €4,112 | €28,822 | +€24,710 | +601% |
| Other amounts payable | 47/48 | €945 | €6,742 | +€5,796 | +613% |
| Remuneration, social security and pensions | 62 | €104,251 | €129,108 | +€24,856 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,233 | €13,282 | +€2,049 | +18.2% |
| Other operating charges | 640/8 | €5,852 | €2,436 | -€3,416 | -58.4% |
| Gross operating margin | 9900 | €129,279 | €150,187 | +€20,908 | +16.2% |
| Operating profit (loss) | 9901 | €7,942 | €5,361 | -€2,581 | -32.5% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €2,426 | €2,511 | +€85 | +3.5% |
| Recurring financial charges | 65 | €2,426 | €2,511 | +€85 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €5,533 | €2,850 | -€2,683 | -48.5% |
| Income taxes | 67/77 | €2,871 | €1,278 | -€1,593 | -55.5% |
| Profit (loss) for the period | 9904 | €2,662 | €1,572 | -€1,090 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,662 | €1,572 | -€1,090 | -40.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.