A POELE: 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.
A POELE
Largest movements
- Cash +€39,129
up €39,129 (+156.2%), from €25,053 to €64,182
mainly Receivables within one year (+€19,147) and Depreciation (+€15,774)
- Tangible fixed assets -€21,615
down €21,615 (-61.0%), from €35,428 to €13,813
of which Furniture and vehicles: -€25,267
- Receivables within one year -€19,147
down €19,147 (-86.7%), from €22,072 to €2,925
of which Trade receivables: -€16,143
- Stocks and contracts +€8,962
up €8,962 (+946.2%), from €947 to €9,909
- Profit (loss) carried forward +€9,820
up €9,820 (+21.0%), from €46,780 to €56,600
- Debts after one year -€9,116
no longer reported in 2025 (was €9,116)
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Current portion of long-term debt -€4,932
no longer reported in 2025 (was €4,932)
- Other debts +€4,928
up €4,928 (+341.6%), from €1,443 to €6,371
- Gross operating margin +€13,332
up €13,332 (+46.1%), from €28,935 to €42,267
- Depreciation -€7,767
down €7,767 (-33.0%), from €23,541 to €15,774
- Taxes +€4,049
up €4,049 (+783.6%), from €517 to €4,566
- Financial charges +€2,219
up €2,219 (+135.7%), from €1,635 to €3,854
- Staff costs -€1,835
down €1,835 (-88.4%), from €2,075 to €240
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.
Cash bridge derived
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 | €84,836 | €91,866 | +€7,030 | +8.3% |
| Fixed assets | 21/28 | €35,479 | €13,863 | -€21,615 | -60.9% |
| Tangible fixed assets | 22/27 | €35,428 | €13,813 | -€21,615 | -61.0% |
| Plant, machinery and equipment | 23 | €1,242 | €4,894 | +€3,652 | +294.2% |
| Furniture and vehicles | 24 | €34,187 | €8,919 | -€25,267 | -73.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €49,358 | €78,003 | +€28,645 | +58.0% |
| Stocks and contracts in progress | 3 | €947 | €9,909 | +€8,962 | +946.2% |
| Stocks | 30/36 | €947 | €9,909 | +€8,962 | +946.2% |
| Amounts receivable within one year | 40/41 | €22,072 | €2,925 | -€19,147 | -86.7% |
| Trade receivables | 40 | €16,551 | €408 | -€16,143 | -97.5% |
| Other amounts receivable | 41 | €5,521 | €2,516 | -€3,004 | -54.4% |
| Cash at bank and in hand | 54/58 | €25,053 | €64,182 | +€39,129 | +156.2% |
| Deferred charges and accrued income | 490/1 | €1,285 | €988 | -€298 | -23.1% |
| Total equity and liabilities | 10/49 | €84,836 | €91,866 | +€7,030 | +8.3% |
| Equity | 10/15 | €49,780 | €59,600 | +€9,820 | +19.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,780 | €56,600 | +€9,820 | +21.0% |
| Amounts payable | 17/49 | €35,056 | €32,266 | -€2,790 | -8.0% |
| Amounts payable after more than one year | 17 | €9,116 | - | -€9,116 | |
| Financial debts | 170/4 | €9,116 | - | -€9,116 | |
| Amounts payable within one year | 42/48 | €25,940 | €26,266 | +€326 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €4,932 | - | -€4,932 | |
| Trade debts | 44 | €19,048 | €15,329 | -€3,719 | -19.5% |
| Suppliers | 440/4 | €19,048 | €15,329 | -€3,719 | -19.5% |
| Taxes, remuneration and social security | 45 | €517 | €4,566 | +€4,049 | +783.6% |
| Taxes | 450/3 | €517 | €4,566 | +€4,049 | +783.6% |
| Other amounts payable | 47/48 | €1,443 | €6,371 | +€4,928 | +341.6% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €2,075 | €240 | -€1,835 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,541 | €15,774 | -€7,767 | -33.0% |
| Other operating charges | 640/8 | €1,081 | €496 | -€586 | -54.2% |
| Non-recurring operating charges | 66A | - | €8,263 | +€8,263 | |
| Gross operating margin | 9900 | €28,935 | €42,267 | +€13,332 | +46.1% |
| Operating profit (loss) | 9901 | €2,238 | €17,495 | +€15,257 | +681.7% |
| Financial income | 75/76B | €24 | €746 | +€722 | +3055.2% |
| Recurring financial income | 75 | €24 | €746 | +€722 | +3055.2% |
| Financial charges | 65/66B | €1,635 | €3,854 | +€2,219 | +135.7% |
| Recurring financial charges | 65 | €1,635 | €3,854 | +€2,219 | +135.7% |
| Profit (loss) for the period before taxes | 9903 | €626 | €14,386 | +€13,760 | +2197.1% |
| Income taxes | 67/77 | €517 | €4,566 | +€4,049 | +783.6% |
| Profit (loss) for the period | 9904 | €110 | €9,820 | +€9,711 | +8868.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110 | €9,820 | +€9,711 | +8868.1% |
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 11 October 2026 via checked.be.