PL MANAGEMENT: 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.
PL MANAGEMENT
Largest movements
- Receivables within one year +€39,350
up €39,350 (+2,375%), from €1,657 to €41,007
of which Trade receivables: +€39,087
- Tangible fixed assets -€9,301
down €9,301 (-4.3%), from €216,633 to €207,332
of which Other tangible fixed assets: -€6,789
- Reserves +€56,250
up €56,250 (+22.9%), from €245,771 to €302,021
- Debts after one year -€26,243
down €26,243 (-39.4%), from €66,687 to €40,443
- Trade debts +€4,580
up €4,580 (+518%), from €885 to €5,465
- Other operating charges -€2,551
down €2,551 (-62.6%), from €4,077 to €1,526
- Taxes -€1,377
down €1,377 (-6.6%), from €20,996 to €19,618
- Financial charges -€1,348
down €1,348 (-19.7%), from €6,826 to €5,478
- Depreciation +€1,124
up €1,124 (+7.2%), from €15,568 to €16,692
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 | €399,086 | €434,319 | +€35,232 | +8.8% |
| Fixed assets | 21/28 | €216,633 | €207,332 | -€9,301 | -4.3% |
| Tangible fixed assets | 22/27 | €216,633 | €207,332 | -€9,301 | -4.3% |
| Land and buildings | 22 | €74,567 | €69,284 | -€5,283 | -7.1% |
| Plant, machinery and equipment | 23 | €1,910 | €4,309 | +€2,399 | +126% |
| Furniture and vehicles | 24 | €2,459 | €2,831 | +€372 | +15.1% |
| Other tangible fixed assets | 26 | €137,697 | €130,908 | -€6,789 | -4.9% |
| Current assets | 29/58 | €182,453 | €226,987 | +€44,533 | +24.4% |
| Amounts receivable within one year | 40/41 | €1,657 | €41,007 | +€39,350 | +2,375% |
| Trade receivables | 40 | €913 | €40,000 | +€39,087 | +4,281% |
| Other amounts receivable | 41 | €744 | €1,007 | +€263 | +35.3% |
| Cash at bank and in hand | 54/58 | €178,153 | €182,152 | +€4,000 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,644 | €3,828 | +€1,184 | +44.8% |
| Total equity and liabilities | 10/49 | €399,086 | €434,319 | +€35,232 | +8.8% |
| Equity | 10/15 | €251,971 | €308,221 | +€56,250 | +22.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €245,771 | €302,021 | +€56,250 | +22.9% |
| Distributable reserves | 133 | €245,771 | €302,021 | +€56,250 | +22.9% |
| Amounts payable | 17/49 | €147,116 | €126,098 | -€21,018 | -14.3% |
| Amounts payable after more than one year | 17 | €66,687 | €40,443 | -€26,243 | -39.4% |
| Financial debts | 170/4 | €66,687 | €40,443 | -€26,243 | -39.4% |
| Amounts payable within one year | 42/48 | €77,348 | €83,261 | +€5,913 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €27,614 | €29,591 | +€1,977 | +7.2% |
| Trade debts | 44 | €885 | €5,465 | +€4,580 | +518% |
| Suppliers | 440/4 | €885 | €5,465 | +€4,580 | +518% |
| Taxes, remuneration and social security | 45 | €15,152 | €11,212 | -€3,940 | -26.0% |
| Taxes | 450/3 | €15,152 | €11,212 | -€3,940 | -26.0% |
| Other amounts payable | 47/48 | €33,697 | €36,993 | +€3,296 | +9.8% |
| Accrued charges and deferred income | 492/3 | €3,081 | €2,393 | -€688 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,568 | €16,692 | +€1,124 | +7.2% |
| Other operating charges | 640/8 | €4,077 | €1,526 | -€2,551 | -62.6% |
| Gross operating margin | 9900 | €99,709 | €99,564 | -€144 | -0.1% |
| Operating profit (loss) | 9901 | €80,064 | €81,347 | +€1,283 | +1.6% |
| Financial income | 75/76B | €29 | €0 | -€29 | -99.1% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -99.1% |
| Financial charges | 65/66B | €6,826 | €5,478 | -€1,348 | -19.7% |
| Recurring financial charges | 65 | €6,826 | €5,478 | -€1,348 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €73,267 | €75,869 | +€2,602 | +3.6% |
| Income taxes | 67/77 | €20,996 | €19,618 | -€1,377 | -6.6% |
| Profit (loss) for the period | 9904 | €52,271 | €56,250 | +€3,979 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,271 | €56,250 | +€3,979 | +7.6% |
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 24 October 2026 via checked.be.