AB PONCHO: 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.
AB PONCHO
Largest movements
- Tangible fixed assets -€122,496
down €122,496 (-20.5%), from €597,939 to €475,443
of which Plant, machinery and equipment: -€75,953
- Intangible fixed assets -€49,620
down €49,620 (-30.9%), from €160,828 to €111,208
- Cash -€25,248
down €25,248 (-27.0%), from €93,544 to €68,296
mainly Net result for the year (-€257,663) and Debts after one year (-€83,536)
- Deferred charges and accrued income +€19,335
new in 2025: €19,335
- Profit (loss) carried forward -€257,663
down €257,663 (-44.8%), from -€574,740 to -€832,403
- Tax, wage and social debts +€132,061
up €132,061 (+80.6%), from €163,782 to €295,844
of which Remuneration and social security: +€126,785
- Debts after one year -€83,536
down €83,536 (-18.5%), from €451,278 to €367,742
- Current portion of long-term debt +€53,453
up €53,453 (+66.5%), from €80,438 to €133,892
- Trade debts -€31,391
down €31,391 (-5.1%), from €610,012 to €578,622
- Gross operating margin +€1.1m
up €1.1m (+168%), from €635,147 to €1.7m
- Staff costs +€590,942
up €590,942 (+54.7%), from €1.1m to €1.7m
- Depreciation +€34,426
up €34,426 (+19.5%), from €176,452 to €210,877
- Financial charges +€26,711
up €26,711 (+64.3%), from €41,530 to €68,241
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 | €1,084,640 | €898,924 | -€185,716 | -17.1% |
| Fixed assets | 21/28 | €759,164 | €587,048 | -€172,116 | -22.7% |
| Intangible fixed assets | 21 | €160,828 | €111,208 | -€49,620 | -30.9% |
| Tangible fixed assets | 22/27 | €597,939 | €475,443 | -€122,496 | -20.5% |
| Plant, machinery and equipment | 23 | €196,656 | €120,703 | -€75,953 | -38.6% |
| Furniture and vehicles | 24 | €186,343 | €142,480 | -€43,863 | -23.5% |
| Other tangible fixed assets | 26 | €214,940 | €212,260 | -€2,680 | -1.2% |
| Financial fixed assets | 28 | €396 | €396 | = | 0.0% |
| Current assets | 29/58 | €325,476 | €311,876 | -€13,600 | -4.2% |
| Stocks and contracts in progress | 3 | €94,158 | €86,578 | -€7,579 | -8.0% |
| Stocks | 30/36 | €94,158 | €86,578 | -€7,579 | -8.0% |
| Amounts receivable within one year | 40/41 | €137,775 | €137,667 | -€108 | -0.1% |
| Trade receivables | 40 | €135,883 | €136,633 | +€750 | +0.6% |
| Other amounts receivable | 41 | €1,892 | €1,034 | -€858 | -45.3% |
| Cash at bank and in hand | 54/58 | €93,544 | €68,296 | -€25,248 | -27.0% |
| Deferred charges and accrued income | 490/1 | - | €19,335 | +€19,335 | |
| Total equity and liabilities | 10/49 | €1,084,640 | €898,924 | -€185,716 | -17.1% |
| Equity | 10/15 | -€556,140 | -€813,803 | -€257,663 | -46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€574,740 | -€832,403 | -€257,663 | -44.8% |
| Amounts payable | 17/49 | €1,640,780 | €1,712,728 | +€71,947 | +4.4% |
| Amounts payable after more than one year | 17 | €451,278 | €367,742 | -€83,536 | -18.5% |
| Financial debts | 170/4 | €451,278 | €367,742 | -€83,536 | -18.5% |
| Amounts payable within one year | 42/48 | €1,187,165 | €1,338,213 | +€151,048 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €80,438 | €133,892 | +€53,453 | +66.5% |
| Trade debts | 44 | €610,012 | €578,622 | -€31,391 | -5.1% |
| Suppliers | 440/4 | €610,012 | €578,622 | -€31,391 | -5.1% |
| Taxes, remuneration and social security | 45 | €163,782 | €295,844 | +€132,061 | +80.6% |
| Taxes | 450/3 | €45,979 | €51,255 | +€5,277 | +11.5% |
| Remuneration and social security | 454/9 | €117,803 | €244,588 | +€126,785 | +108% |
| Other amounts payable | 47/48 | €332,932 | €329,856 | -€3,076 | -0.9% |
| Accrued charges and deferred income | 492/3 | €2,338 | €6,773 | +€4,435 | +190% |
| Remuneration, social security and pensions | 62 | €1,080,631 | €1,671,572 | +€590,942 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,452 | €210,877 | +€34,426 | +19.5% |
| Other operating charges | 640/8 | €14,412 | €9,033 | -€5,380 | -37.3% |
| Gross operating margin | 9900 | €635,147 | €1,702,060 | +€1.1m | +168% |
| Operating profit (loss) | 9901 | -€636,348 | -€189,422 | +€446,926 | +70.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -93.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -93.2% |
| Financial charges | 65/66B | €41,530 | €68,241 | +€26,711 | +64.3% |
| Recurring financial charges | 65 | €41,530 | €68,241 | +€26,711 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | -€677,876 | -€257,663 | +€420,212 | +62.0% |
| Profit (loss) for the period | 9904 | -€677,876 | -€257,663 | +€420,212 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€677,876 | -€257,663 | +€420,212 | +62.0% |
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 26 October 2026 via checked.be.