PLB: what changed
PLB
Largest movements
- Tangible fixed assets -€22,842
down €22,842 (-13.1%), from €174,517 to €151,675
of which Land and buildings: -€13,177
- Cash -€10,497
down €10,497 (-43.7%), from €24,007 to €13,510
mainly Net result for the year (-€22,796) and Debts after one year (-€18,068)
- Receivables within one year +€3,047
up €3,047 (+6.4%), from €47,941 to €50,988
of which Trade receivables: +€7,237
- Profit (loss) carried forward -€19,796
down €19,796, from €5,121 to -€14,675
- Debts after one year -€18,068
down €18,068 (-25.7%), from €70,236 to €52,168
- Trade debts +€12,909
up €12,909 (+108%), from €11,983 to €24,892
- Current portion of long-term debt -€3,318
down €3,318 (-15.5%), from €21,386 to €18,068
- Reserves -€3,000
down €3,000 (-3.7%), from €80,535 to €77,535
- Gross operating margin -€24,547
down €24,547 (-29.5%), from €83,268 to €58,721
- Depreciation +€3,386
up €3,386 (+17.4%), from €19,456 to €22,842
- Taxes -€3,031
down €3,031 (-95.8%), from €3,163 to €132
- Staff costs +€861
up €861 (+2.0%), from €43,064 to €43,925
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 | €265,942 | €235,268 | -€30,674 | -11.5% |
| Fixed assets | 21/28 | €177,192 | €151,850 | -€25,342 | -14.3% |
| Tangible fixed assets | 22/27 | €174,517 | €151,675 | -€22,842 | -13.1% |
| Land and buildings | 22 | €142,859 | €129,682 | -€13,177 | -9.2% |
| Plant, machinery and equipment | 23 | €4,147 | - | -€4,147 | |
| Furniture and vehicles | 24 | €27,511 | €21,993 | -€5,518 | -20.1% |
| Financial fixed assets | 28 | €2,675 | €175 | -€2,500 | -93.5% |
| Current assets | 29/58 | €88,750 | €83,418 | -€5,332 | -6.0% |
| Stocks and contracts in progress | 3 | €16,802 | €17,331 | +€529 | +3.1% |
| Stocks | 30/36 | €16,802 | €17,331 | +€529 | +3.1% |
| Amounts receivable within one year | 40/41 | €47,941 | €50,988 | +€3,047 | +6.4% |
| Trade receivables | 40 | €38,515 | €45,752 | +€7,237 | +18.8% |
| Other amounts receivable | 41 | €9,426 | €5,236 | -€4,190 | -44.5% |
| Cash at bank and in hand | 54/58 | €24,007 | €13,510 | -€10,497 | -43.7% |
| Deferred charges and accrued income | 490/1 | - | €1,589 | +€1,589 | |
| Total equity and liabilities | 10/49 | €265,942 | €235,268 | -€30,674 | -11.5% |
| Equity | 10/15 | €115,656 | €92,860 | -€22,796 | -19.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €80,535 | €77,535 | -€3,000 | -3.7% |
| Distributable reserves | 133 | €80,535 | €77,535 | -€3,000 | -3.7% |
| Profit (loss) carried forward | 14 | €5,121 | -€14,675 | -€19,796 | |
| Amounts payable | 17/49 | €150,286 | €142,408 | -€7,878 | -5.2% |
| Amounts payable after more than one year | 17 | €70,236 | €52,168 | -€18,068 | -25.7% |
| Financial debts | 170/4 | €70,236 | €52,168 | -€18,068 | -25.7% |
| Amounts payable within one year | 42/48 | €80,050 | €90,240 | +€10,190 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €21,386 | €18,068 | -€3,318 | -15.5% |
| Trade debts | 44 | €11,983 | €24,892 | +€12,909 | +108% |
| Suppliers | 440/4 | €11,983 | €24,892 | +€12,909 | +108% |
| Taxes, remuneration and social security | 45 | €9,403 | €10,431 | +€1,028 | +10.9% |
| Taxes | 450/3 | €1,100 | €958 | -€142 | -12.9% |
| Remuneration and social security | 454/9 | €8,303 | €9,473 | +€1,170 | +14.1% |
| Other amounts payable | 47/48 | €37,278 | €36,849 | -€429 | -1.2% |
| Non-recurring operating income | 76A | €1,157 | - | -€1,157 | |
| Remuneration, social security and pensions | 62 | €43,064 | €43,925 | +€861 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,456 | €22,842 | +€3,386 | +17.4% |
| Other operating charges | 640/8 | €2,878 | €2,893 | +€15 | +0.5% |
| Non-recurring operating charges | 66A | €1,108 | €7,639 | +€6,531 | +589% |
| Gross operating margin | 9900 | €83,268 | €58,721 | -€24,547 | -29.5% |
| Operating profit (loss) | 9901 | €16,762 | -€18,578 | -€35,340 | |
| Financial charges | 65/66B | €4,144 | €4,086 | -€58 | -1.4% |
| Recurring financial charges | 65 | €4,144 | €4,086 | -€58 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €12,618 | -€22,664 | -€35,282 | |
| Income taxes | 67/77 | €3,163 | €132 | -€3,031 | -95.8% |
| Profit (loss) for the period | 9904 | €9,455 | -€22,796 | -€32,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,455 | -€22,796 | -€32,251 |
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 3 November 2026 via checked.be.