PLUTON: 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.
PLUTON
Largest movements
- Cash -€20,445
down €20,445 (-53.0%), from €38,566 to €18,121
mainly Debts after one year (-€28,359) and Investment in fixed assets (net) (-€12,712)
- Tangible fixed assets -€8,213
down €8,213 (-4.1%), from €200,426 to €192,212
of which Plant, machinery and equipment: -€14,097
- Receivables within one year -€2,756
down €2,756 (-12.7%), from €21,668 to €18,912
of which Other amounts receivable: -€2,756
- Debts after one year -€28,359
down €28,359 (-38.9%), from €72,848 to €44,489
- Other debts -€7,338
down €7,338 (-47.9%), from €15,307 to €7,969
- Profit (loss) carried forward +€3,093
up €3,093 (+24.3%), from €12,754 to €15,848
- Gross operating margin -€6,742
down €6,742 (-17.3%), from €38,988 to €32,246
- Depreciation +€1,569
up €1,569 (+8.1%), from €19,357 to €20,926
- Financial charges -€854
down €854 (-16.7%), from €5,115 to €4,261
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,047 | €231,758 | -€31,289 | -11.9% |
| Fixed assets | 21/28 | €200,426 | €192,212 | -€8,213 | -4.1% |
| Tangible fixed assets | 22/27 | €200,426 | €192,212 | -€8,213 | -4.1% |
| Land and buildings | 22 | €167,217 | €173,101 | +€5,884 | +3.5% |
| Plant, machinery and equipment | 23 | €33,209 | €19,111 | -€14,097 | -42.5% |
| Current assets | 29/58 | €62,621 | €39,545 | -€23,076 | -36.9% |
| Amounts receivable within one year | 40/41 | €21,668 | €18,912 | -€2,756 | -12.7% |
| Trade receivables | 40 | €18,912 | €18,912 | = | 0.0% |
| Other amounts receivable | 41 | €2,756 | - | -€2,756 | |
| Cash at bank and in hand | 54/58 | €38,566 | €18,121 | -€20,445 | -53.0% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,512 | +€125 | +5.2% |
| Total equity and liabilities | 10/49 | €263,047 | €231,758 | -€31,289 | -11.9% |
| Equity | 10/15 | €143,828 | €146,921 | +€3,093 | +2.2% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €31,916 | €31,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,754 | €15,848 | +€3,093 | +24.3% |
| Amounts payable | 17/49 | €119,220 | €84,837 | -€34,383 | -28.8% |
| Amounts payable after more than one year | 17 | €72,848 | €44,489 | -€28,359 | -38.9% |
| Financial debts | 170/4 | €72,848 | €44,489 | -€28,359 | -38.9% |
| Amounts payable within one year | 42/48 | €43,220 | €37,138 | -€6,082 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €19,011 | €19,359 | +€348 | +1.8% |
| Trade debts | 44 | €1,511 | €2,191 | +€680 | +45.0% |
| Suppliers | 440/4 | €1,511 | €2,191 | +€680 | +45.0% |
| Taxes, remuneration and social security | 45 | €7,391 | €7,618 | +€227 | +3.1% |
| Taxes | 450/3 | €7,391 | €7,618 | +€227 | +3.1% |
| Other amounts payable | 47/48 | €15,307 | €7,969 | -€7,338 | -47.9% |
| Accrued charges and deferred income | 492/3 | €3,152 | €3,210 | +€59 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,357 | €20,926 | +€1,569 | +8.1% |
| Other operating charges | 640/8 | €3,728 | €3,799 | +€71 | +1.9% |
| Gross operating margin | 9900 | €38,988 | €32,246 | -€6,742 | -17.3% |
| Operating profit (loss) | 9901 | €15,903 | €7,521 | -€8,381 | -52.7% |
| Financial income | 75/76B | €6 | €104 | +€98 | +1,549% |
| Recurring financial income | 75 | €6 | €104 | +€98 | +1,549% |
| Financial charges | 65/66B | €5,115 | €4,261 | -€854 | -16.7% |
| Recurring financial charges | 65 | €5,115 | €4,261 | -€854 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €10,794 | €3,365 | -€7,429 | -68.8% |
| Income taxes | 67/77 | €244 | €272 | +€28 | +11.4% |
| Profit (loss) for the period | 9904 | €10,550 | €3,093 | -€7,457 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,550 | €3,093 | -€7,457 | -70.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.