Plopsa: 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.
What changed
Plopsa
NACE 93.293, Sports, amusement and recreation activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€633,055
2024 · -€9,737-€623,318
Equity
€6.5m
2024 · €7.0m-€445,636
Cash
€122,324
2024 · €153,612-€31,288
Balance sheet total
€12.2m
2024 · €10.2m+€2.1m
Largest movements
Assets
- Tangible fixed assets +€2.5m
up €2.5m (+28.6%), from €8.7m to €11.2m
of which Plant, machinery and equipment: +€3.4m
- Receivables within one year -€445,581
down €445,581 (-40.4%), from €1.1m to €656,459
of which Other amounts receivable: -€323,957
Equity and liabilities
- Debts after one year +€2.8m
up €2.8m (+214.8%), from €1.3m to €4.2m
- Profit (loss) carried forward -€535,648
new in 2025: -€535,648
- Trade debts -€342,046
down €342,046 (-28.7%), from €1.2m to €850,605
- Investment grants +€187,419
new in 2025: €187,419
Income statement
- Depreciation +€408,689
up €408,689 (+41.9%), from €975,315 to €1.4m
- Gross operating margin +€263,606
up €263,606 (+10.4%), from €2.5m to €2.8m
- Provisions +€230,318
no longer reported in 2025 (was -€230,318)
- Staff costs +€151,872
up €151,872 (+9.5%), from €1.6m to €1.8m
- Financial charges +€79,806
up €79,806 (+141.6%), from €56,348 to €136,154
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.
Result 2024
-€9,737
Gross operating margin
+€263,606
Staff costs
-€151,872
Depreciation
-€408,689
Write-downs
+€11,102
Provisions
-€230,318
Other operating charges
-€79,383
Other operating items
-€17,122
Financial income
+€20,504
Financial charges
-€79,806
Taxes
+€48,661
Result 2025
-€633,055
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.
From operations
+€809,185
Investment
-€3.9m
Financing
+€3.0m
Cash 2024
€153,612
From operations (derived)
+€809,185
Net result for the year
-€633,055
Depreciation
+€1.4m
Stocks and contracts
-€20,614
Receivables within one year
+€445,581
Deferred charges and accrued income
-€38,042
Provisions
-€32,469
Trade debts
-€342,046
Tax, wage and social debts
+€26,522
Other debts
+€200
Accrued charges and deferred income
+€19,104
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€3.9m
Financing
+€3.0m
Debts after one year
+€2.8m
Contributions, distributions and other
+€187,419
Cash 2025
€122,324
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,155,763 | €12,228,201 | +€2.1m | +20.4% |
| Fixed assets | 21/28 | €8,724,906 | €11,215,557 | +€2.5m | +28.5% |
| Intangible fixed assets | 21 | €4,885 | €3,530 | -€1,354 | -27.7% |
| Tangible fixed assets | 22/27 | €8,720,021 | €11,212,026 | +€2.5m | +28.6% |
| Land and buildings | 22 | €2,978,535 | €3,071,854 | +€93,319 | +3.1% |
| Plant, machinery and equipment | 23 | €3,937,792 | €7,378,664 | +€3.4m | +87.4% |
| Furniture and vehicles | 24 | €300,263 | €245,296 | -€54,967 | -18.3% |
| Assets under construction and advance payments | 27 | €1,503,431 | €516,213 | -€987,218 | -65.7% |
| Current assets | 29/58 | €1,430,857 | €1,012,644 | -€418,213 | -29.2% |
| Stocks and contracts in progress | 3 | €155,160 | €175,774 | +€20,614 | +13.3% |
| Stocks | 30/36 | €155,160 | €175,774 | +€20,614 | +13.3% |
| Amounts receivable within one year | 40/41 | €1,102,040 | €656,459 | -€445,581 | -40.4% |
| Trade receivables | 40 | €375,677 | €254,053 | -€121,624 | -32.4% |
| Other amounts receivable | 41 | €726,363 | €402,405 | -€323,957 | -44.6% |
| Cash at bank and in hand | 54/58 | €153,612 | €122,324 | -€31,288 | -20.4% |
| Deferred charges and accrued income | 490/1 | €20,046 | €58,087 | +€38,042 | +189.8% |
| Total equity and liabilities | 10/49 | €10,155,763 | €12,228,201 | +€2.1m | +20.4% |
| Equity | 10/15 | €6,965,863 | €6,520,227 | -€445,636 | -6.4% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €1,965,863 | €1,868,456 | -€97,407 | -5.0% |
| Non-distributable reserves | 130/1 | €450,359 | €450,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €450,359 | €450,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €508,274 | €226,734 | -€281,540 | -55.4% |
| Distributable reserves | 133 | €1,007,230 | €1,191,363 | +€184,133 | +18.3% |
| Profit (loss) carried forward | 14 | - | -€535,648 | -€535,648 | |
| Investment grants | 15 | - | €187,419 | +€187,419 | |
| Provisions and deferred taxes | 16 | €98,131 | €65,662 | -€32,469 | -33.1% |
| Deferred taxes | 168 | €98,131 | €65,662 | -€32,469 | -33.1% |
| Amounts payable | 17/49 | €3,091,769 | €5,642,312 | +€2.6m | +82.5% |
| Amounts payable after more than one year | 17 | €1,325,303 | €4,172,065 | +€2.8m | +214.8% |
| Other amounts payable | 178/9 | €1,325,303 | €4,172,065 | +€2.8m | +214.8% |
| Amounts payable within one year | 42/48 | €1,419,066 | €1,103,742 | -€315,323 | -22.2% |
| Trade debts | 44 | €1,192,650 | €850,605 | -€342,046 | -28.7% |
| Suppliers | 440/4 | €1,192,650 | €850,605 | -€342,046 | -28.7% |
| Taxes, remuneration and social security | 45 | €217,965 | €244,487 | +€26,522 | +12.2% |
| Taxes | 450/3 | €6,387 | €5,078 | -€1,309 | -20.5% |
| Remuneration and social security | 454/9 | €211,577 | €239,409 | +€27,831 | +13.2% |
| Other amounts payable | 47/48 | €8,451 | €8,651 | +€200 | +2.4% |
| Accrued charges and deferred income | 492/3 | €347,401 | €366,504 | +€19,104 | +5.5% |
| Remuneration, social security and pensions | 62 | €1,606,203 | €1,758,075 | +€151,872 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975,315 | €1,384,004 | +€408,689 | +41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,102 | -€11,102 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€230,318 | - | +€230,318 | |
| Other operating charges | 640/8 | €94,006 | €173,389 | +€79,383 | +84.4% |
| Non-recurring operating charges | 66A | €83,376 | €100,497 | +€17,122 | +20.5% |
| Gross operating margin | 9900 | €2,540,196 | €2,803,802 | +€263,606 | +10.4% |
| Operating profit (loss) | 9901 | €11,615 | -€601,062 | -€612,677 | |
| Financial income | 75/76B | €46,670 | €67,174 | +€20,504 | +43.9% |
| Recurring financial income | 75 | €44,870 | €67,174 | +€22,304 | +49.7% |
| Non-recurring financial income | 76B | €1,800 | - | -€1,800 | |
| Financial charges | 65/66B | €56,348 | €136,154 | +€79,806 | +141.6% |
| Recurring financial charges | 65 | €56,348 | €136,154 | +€79,806 | +141.6% |
| Profit (loss) for the period before taxes | 9903 | €1,936 | -€670,042 | -€671,979 | |
| Transfer from deferred taxes | 780 | €32,469 | €32,469 | = | 0.0% |
| Income taxes | 67/77 | €44,143 | -€4,518 | -€48,661 | |
| Profit (loss) for the period | 9904 | -€9,737 | -€633,055 | -€623,318 | -6401.2% |
| Transfer from tax-exempt reserves | 789 | €97,407 | €281,540 | +€184,133 | +189.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,670 | -€351,515 | -€439,185 |
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.