PLUTO PROJECTS: what changed
PLUTO PROJECTS
Largest movements
- Cash +€78,431
up €78,431 (+126%), from €62,244 to €140,675
mainly Net result for the year (+€64,631) and Current investments (+€60,000)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€17,622
down €17,622 (-3.4%), from €519,585 to €501,964
of which Land and buildings: -€20,507
- Receivables within one year -€17,018
down €17,018 (-94.0%), from €18,107 to €1,089
of which Trade receivables: -€16,605
- Debts after one year -€38,837
down €38,837 (-12.0%), from €324,146 to €285,309
- Other debts +€18,654
up €18,654 (+65.3%), from €28,560 to €47,214
- Gross operating margin -€46,784
down €46,784 (-25.6%), from €183,003 to €136,219
- Taxes -€10,448
down €10,448 (-24.3%), from €43,047 to €32,598
- Financial income +€6,138
up €6,138 (+30,460%), from €20 to €6,158
- Financial charges +€2,157
up €2,157 (+18.6%), from €11,616 to €13,773
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 | €661,481 | €645,134 | -€16,348 | -2.5% |
| Fixed assets | 21/28 | €519,585 | €501,964 | -€17,622 | -3.4% |
| Tangible fixed assets | 22/27 | €519,585 | €501,964 | -€17,622 | -3.4% |
| Land and buildings | 22 | €519,585 | €499,078 | -€20,507 | -3.9% |
| Plant, machinery and equipment | 23 | - | €2,886 | +€2,886 | |
| Current assets | 29/58 | €141,896 | €143,170 | +€1,274 | +0.9% |
| Amounts receivable within one year | 40/41 | €18,107 | €1,089 | -€17,018 | -94.0% |
| Trade receivables | 40 | €17,694 | €1,089 | -€16,605 | -93.8% |
| Other amounts receivable | 41 | €413 | - | -€413 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €62,244 | €140,675 | +€78,431 | +126% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,406 | -€139 | -9.0% |
| Total equity and liabilities | 10/49 | €661,481 | €645,134 | -€16,348 | -2.5% |
| Equity | 10/15 | €241,101 | €244,759 | +€3,658 | +1.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €219,866 | €223,524 | +€3,658 | +1.7% |
| Distributable reserves | 133 | €219,866 | €223,524 | +€3,658 | +1.7% |
| Profit (loss) carried forward | 14 | -€3,766 | -€3,766 | = | 0.0% |
| Amounts payable | 17/49 | €420,381 | €400,375 | -€20,006 | -4.8% |
| Amounts payable after more than one year | 17 | €324,146 | €285,309 | -€38,837 | -12.0% |
| Financial debts | 170/4 | €324,146 | €285,309 | -€38,837 | -12.0% |
| Amounts payable within one year | 42/48 | €96,235 | €115,066 | +€18,831 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €37,569 | €38,837 | +€1,269 | +3.4% |
| Trade debts | 44 | €2,000 | €5,806 | +€3,806 | +190% |
| Suppliers | 440/4 | €2,000 | €5,806 | +€3,806 | +190% |
| Taxes, remuneration and social security | 45 | €28,106 | €23,209 | -€4,897 | -17.4% |
| Taxes | 450/3 | €28,106 | €23,209 | -€4,897 | -17.4% |
| Other amounts payable | 47/48 | €28,560 | €47,214 | +€18,654 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,908 | €27,571 | +€1,663 | +6.4% |
| Other operating charges | 640/8 | €3,524 | €3,805 | +€281 | +8.0% |
| Gross operating margin | 9900 | €183,003 | €136,219 | -€46,784 | -25.6% |
| Operating profit (loss) | 9901 | €153,571 | €104,844 | -€48,727 | -31.7% |
| Financial income | 75/76B | €20 | €6,158 | +€6,138 | +30,460% |
| Recurring financial income | 75 | €20 | €6,158 | +€6,138 | +30,460% |
| Financial charges | 65/66B | €11,616 | €13,773 | +€2,157 | +18.6% |
| Recurring financial charges | 65 | €11,616 | €13,773 | +€2,157 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €141,976 | €97,229 | -€44,747 | -31.5% |
| Income taxes | 67/77 | €43,047 | €32,598 | -€10,448 | -24.3% |
| Profit (loss) for the period | 9904 | €98,929 | €64,631 | -€34,298 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,929 | €64,631 | -€34,298 | -34.7% |
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 2 November 2026 via checked.be.