PLUS DEVELOPMENT: 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.
PLUS DEVELOPMENT
Largest movements
- Receivables within one year +€289,582
up €289,582 (+831,654%), from €35 to €289,617
of which Trade receivables: +€229,358
- Cash +€202,540
up €202,540 (+1,427%), from €14,189 to €216,730
mainly Net result for the year (+€379,914) and Trade debts (+€214,017)
- Stocks and contracts -€125,399
down €125,399 (-39.5%), from €317,230 to €191,830
- Profit (loss) carried forward +€379,914
up €379,914 (+22.6%), from -€1.7m to -€1.3m
- Debts after one year -€214,824
down €214,824 (-12.0%), from €1.8m to €1.6m
of which Financial debts: -€118,671
- Trade debts +€214,017
up €214,017 (+190%), from €112,661 to €326,678
- Other debts -€11,434
down €11,434 (-22.0%), from €51,934 to €40,500
- Gross operating margin +€394,281
up €394,281 (+2,758%), from €14,294 to €408,575
- Financial charges +€15,463
up €15,463 (+307%), from €5,035 to €20,498
- Other operating charges -€12,104
down €12,104 (-86.4%), from €14,008 to €1,904
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 | €333,655 | €702,770 | +€369,114 | +111% |
| Fixed assets | 21/28 | €2,201 | €3,491 | +€1,290 | +58.6% |
| Tangible fixed assets | 22/27 | €2,201 | €3,491 | +€1,290 | +58.6% |
| Plant, machinery and equipment | 23 | €797 | €352 | -€445 | -55.8% |
| Furniture and vehicles | 24 | €1,404 | €3,139 | +€1,734 | +123% |
| Current assets | 29/58 | €331,454 | €699,279 | +€367,825 | +111% |
| Stocks and contracts in progress | 3 | €317,230 | €191,830 | -€125,399 | -39.5% |
| Stocks | 30/36 | €317,230 | €191,830 | -€125,399 | -39.5% |
| Amounts receivable within one year | 40/41 | €35 | €289,617 | +€289,582 | +831,654% |
| Trade receivables | 40 | - | €229,358 | +€229,358 | |
| Other amounts receivable | 41 | €35 | €60,258 | +€60,224 | +172,957% |
| Cash at bank and in hand | 54/58 | €14,189 | €216,730 | +€202,540 | +1,427% |
| Deferred charges and accrued income | 490/1 | - | €1,102 | +€1,102 | |
| Total equity and liabilities | 10/49 | €333,655 | €702,770 | +€369,114 | +111% |
| Equity | 10/15 | -€1,619,067 | -€1,239,153 | +€379,914 | +23.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,680,567 | -€1,300,653 | +€379,914 | +22.6% |
| Amounts payable | 17/49 | €1,952,722 | €1,941,923 | -€10,799 | -0.6% |
| Amounts payable after more than one year | 17 | €1,784,787 | €1,569,963 | -€214,824 | -12.0% |
| Financial debts | 170/4 | €184,016 | €65,345 | -€118,671 | -64.5% |
| Other amounts payable | 178/9 | €1,600,772 | €1,504,618 | -€96,153 | -6.0% |
| Amounts payable within one year | 42/48 | €167,935 | €371,960 | +€204,025 | +121% |
| Financial debts | 43 | €154 | - | -€154 | |
| Credit institutions | 430/8 | €154 | - | -€154 | |
| Trade debts | 44 | €112,661 | €326,678 | +€214,017 | +190% |
| Suppliers | 440/4 | €112,661 | €326,678 | +€214,017 | +190% |
| Taxes, remuneration and social security | 45 | €3,185 | €4,782 | +€1,596 | +50.1% |
| Taxes | 450/3 | €3,185 | €4,782 | +€1,596 | +50.1% |
| Other amounts payable | 47/48 | €51,934 | €40,500 | -€11,434 | -22.0% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,292 | €1,480 | -€811 | -35.4% |
| Other operating charges | 640/8 | €14,008 | €1,904 | -€12,104 | -86.4% |
| Gross operating margin | 9900 | €14,294 | €408,575 | +€394,281 | +2,758% |
| Operating profit (loss) | 9901 | -€2,005 | €405,191 | +€407,196 | |
| Financial income | 75/76B | €16 | €2 | -€14 | -85.0% |
| Recurring financial income | 75 | €16 | €2 | -€14 | -85.0% |
| Financial charges | 65/66B | €5,035 | €20,498 | +€15,463 | +307% |
| Recurring financial charges | 65 | €5,035 | €20,498 | +€15,463 | +307% |
| Profit (loss) for the period before taxes | 9903 | -€7,024 | €384,695 | +€391,720 | |
| Income taxes | 67/77 | €2,853 | €4,782 | +€1,929 | +67.6% |
| Profit (loss) for the period | 9904 | -€9,877 | €379,914 | +€389,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,877 | €379,914 | +€389,791 |
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 27 October 2026 via checked.be.