PL4N: what changed
PL4N
Largest movements
- Cash -€82,072
down €82,072 (-70.3%), from €116,824 to €34,752
mainly Debts after one year (-€70,717) and Receivables within one year (-€49,523)
- Receivables within one year +€49,523
up €49,523 (+279%), from €17,738 to €67,261
of which Trade receivables: +€55,645
- Tangible fixed assets +€26,773
up €26,773 (+242%), from €11,080 to €37,853
of which Furniture and vehicles: +€28,060
- Intangible fixed assets -€24,990
down €24,990 (-42.8%), from €58,380 to €33,390
- Debts after one year -€70,717
down €70,717 (-67.5%), from €104,705 to €33,988
of which Other amounts payable: -€50,000
- Profit (loss) carried forward +€33,290
up €33,290 (+70.9%), from €46,954 to €80,244
- Tax, wage and social debts +€12,019
up €12,019 (+135%), from €8,914 to €20,933
of which Taxes: +€16,119
- Trade debts -€4,911
down €4,911 (-49.1%), from €10,008 to €5,097
- Accrued charges and deferred income -€3,552
down €3,552 (-55.1%), from €6,443 to €2,891
- Gross operating margin +€40,180
up €40,180 (+91.4%), from €43,975 to €84,155
- Taxes +€8,235
up €8,235 (+435%), from €1,891 to €10,126
- Depreciation +€3,657
up €3,657 (+11.7%), from €31,233 to €34,890
- Financial charges -€2,715
down €2,715 (-41.9%), from €6,487 to €3,772
- Other operating charges +€1,352
up €1,352 (+199%), from €681 to €2,033
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 | €204,732 | €173,256 | -€31,476 | -15.4% |
| Fixed assets | 21/28 | €69,460 | €71,243 | +€1,783 | +2.6% |
| Intangible fixed assets | 21 | €58,380 | €33,390 | -€24,990 | -42.8% |
| Tangible fixed assets | 22/27 | €11,080 | €37,853 | +€26,773 | +242% |
| Plant, machinery and equipment | 23 | €346 | - | -€346 | |
| Furniture and vehicles | 24 | €4,152 | €32,212 | +€28,060 | +676% |
| Other tangible fixed assets | 26 | €6,582 | €5,641 | -€941 | -14.3% |
| Current assets | 29/58 | €135,272 | €102,013 | -€33,259 | -24.6% |
| Amounts receivable within one year | 40/41 | €17,738 | €67,261 | +€49,523 | +279% |
| Trade receivables | 40 | €11,616 | €67,261 | +€55,645 | +479% |
| Other amounts receivable | 41 | €6,122 | - | -€6,122 | |
| Cash at bank and in hand | 54/58 | €116,824 | €34,752 | -€82,072 | -70.3% |
| Deferred charges and accrued income | 490/1 | €710 | - | -€710 | |
| Total equity and liabilities | 10/49 | €204,732 | €173,256 | -€31,476 | -15.4% |
| Equity | 10/15 | €51,954 | €85,244 | +€33,290 | +64.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,954 | €80,244 | +€33,290 | +70.9% |
| Amounts payable | 17/49 | €152,778 | €88,012 | -€64,766 | -42.4% |
| Amounts payable after more than one year | 17 | €104,705 | €33,988 | -€70,717 | -67.5% |
| Financial debts | 170/4 | €34,705 | €13,988 | -€20,717 | -59.7% |
| Other amounts payable | 178/9 | €70,000 | €20,000 | -€50,000 | -71.4% |
| Amounts payable within one year | 42/48 | €41,630 | €51,133 | +€9,503 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €20,402 | €20,717 | +€315 | +1.5% |
| Trade debts | 44 | €10,008 | €5,097 | -€4,911 | -49.1% |
| Suppliers | 440/4 | €10,008 | €5,097 | -€4,911 | -49.1% |
| Taxes, remuneration and social security | 45 | €8,914 | €20,933 | +€12,019 | +135% |
| Taxes | 450/3 | €4,814 | €20,933 | +€16,119 | +335% |
| Remuneration and social security | 454/9 | €4,100 | - | -€4,100 | |
| Other amounts payable | 47/48 | €2,306 | €4,386 | +€2,080 | +90.2% |
| Accrued charges and deferred income | 492/3 | €6,443 | €2,891 | -€3,552 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,233 | €34,890 | +€3,657 | +11.7% |
| Other operating charges | 640/8 | €681 | €2,033 | +€1,352 | +199% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €43,975 | €84,155 | +€40,180 | +91.4% |
| Operating profit (loss) | 9901 | €12,061 | €47,169 | +€35,108 | +291% |
| Financial income | 75/76B | €498 | €19 | -€479 | -96.2% |
| Recurring financial income | 75 | €498 | €19 | -€479 | -96.2% |
| Financial charges | 65/66B | €6,487 | €3,772 | -€2,715 | -41.9% |
| Recurring financial charges | 65 | €6,487 | €3,772 | -€2,715 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €6,072 | €43,416 | +€37,344 | +615% |
| Income taxes | 67/77 | €1,891 | €10,126 | +€8,235 | +435% |
| Profit (loss) for the period | 9904 | €4,181 | €33,290 | +€29,109 | +696% |
| Profit (loss) for the period to be appropriated | 9905 | €4,181 | €33,290 | +€29,109 | +696% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.