BERNARD PONCELET: 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.
BERNARD PONCELET
Largest movements
- Current investments -€204,000
down €204,000 (-99.6%), from €204,850 to €850
- Cash -€40,425
down €40,425 (-91.0%), from €44,432 to €4,008
mainly Contributions, distributions and other (-€820,000) and Tax, wage and social debts (-€208,314)
- Tangible fixed assets -€12,535
down €12,535 (-30.0%), from €41,847 to €29,312
- Receivables within one year +€8,756
up €8,756 (+11.4%), from €76,529 to €85,285
of which Other amounts receivable: +€9,394
- Tax, wage and social debts -€208,314
down €208,314 (-87.0%), from €239,319 to €31,005
- Profit (loss) carried forward -€58,243
down €58,243 (-65.8%), from €88,536 to €30,293
- Other debts +€30,025
new in 2025: €30,025
- Debts after one year -€11,222
down €11,222 (-38.4%), from €29,217 to €17,995
- Gross operating margin -€497,343
down €497,343 (-32.8%), from €1.5m to €1.0m
- Taxes -€137,254
down €137,254 (-35.5%), from €386,797 to €249,543
- Financial income -€49,281
down €49,281 (-88.1%), from €55,939 to €6,657
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 | €371,003 | €123,069 | -€247,933 | -66.8% |
| Fixed assets | 21/28 | €41,847 | €29,312 | -€12,535 | -30.0% |
| Tangible fixed assets | 22/27 | €41,847 | €29,312 | -€12,535 | -30.0% |
| Furniture and vehicles | 24 | €41,847 | €29,312 | -€12,535 | -30.0% |
| Current assets | 29/58 | €329,156 | €93,757 | -€235,399 | -71.5% |
| Amounts receivable within one year | 40/41 | €76,529 | €85,285 | +€8,756 | +11.4% |
| Trade receivables | 40 | €60,991 | €60,352 | -€638 | -1.0% |
| Other amounts receivable | 41 | €15,538 | €24,932 | +€9,394 | +60.5% |
| Current investments | 50/53 | €204,850 | €850 | -€204,000 | -99.6% |
| Cash at bank and in hand | 54/58 | €44,432 | €4,008 | -€40,425 | -91.0% |
| Deferred charges and accrued income | 490/1 | €3,345 | €3,615 | +€271 | +8.1% |
| Total equity and liabilities | 10/49 | €371,003 | €123,069 | -€247,933 | -66.8% |
| Equity | 10/15 | €91,036 | €32,793 | -€58,243 | -64.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,536 | €30,293 | -€58,243 | -65.8% |
| Amounts payable | 17/49 | €279,966 | €90,276 | -€189,690 | -67.8% |
| Amounts payable after more than one year | 17 | €29,217 | €17,995 | -€11,222 | -38.4% |
| Financial debts | 170/4 | €29,217 | €17,995 | -€11,222 | -38.4% |
| Amounts payable within one year | 42/48 | €250,749 | €72,281 | -€178,468 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €11,112 | €11,222 | +€110 | +1.0% |
| Trade debts | 44 | €318 | €29 | -€289 | -90.7% |
| Suppliers | 440/4 | €318 | €29 | -€289 | -90.7% |
| Taxes, remuneration and social security | 45 | €239,319 | €31,005 | -€208,314 | -87.0% |
| Taxes | 450/3 | €239,319 | €31,005 | -€208,314 | -87.0% |
| Other amounts payable | 47/48 | - | €30,025 | +€30,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,535 | €12,535 | = | 0.0% |
| Other operating charges | 640/8 | €1,632 | €1,497 | -€134 | -8.2% |
| Gross operating margin | 9900 | €1,516,873 | €1,019,530 | -€497,343 | -32.8% |
| Operating profit (loss) | 9901 | €1,502,707 | €1,005,498 | -€497,209 | -33.1% |
| Financial income | 75/76B | €55,939 | €6,657 | -€49,281 | -88.1% |
| Recurring financial income | 75 | €55,939 | €6,657 | -€49,281 | -88.1% |
| Financial charges | 65/66B | €923 | €856 | -€67 | -7.3% |
| Recurring financial charges | 65 | €923 | €856 | -€67 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,557,722 | €1,011,299 | -€546,423 | -35.1% |
| Income taxes | 67/77 | €386,797 | €249,543 | -€137,254 | -35.5% |
| Profit (loss) for the period | 9904 | €1,170,925 | €761,757 | -€409,169 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,170,925 | €761,757 | -€409,169 | -34.9% |
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 14 October 2026 via checked.be.