CLAUDE POHLIG: 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.
CLAUDE POHLIG
Largest movements
- Receivables within one year -€16,104
down €16,104 (-84.7%), from €19,016 to €2,911
of which Trade receivables: -€15,013
- Cash -€1,298
down €1,298 (-95.7%), from €1,357 to €59
mainly Advances received (-€19,542) and Net result for the year (-€18,279)
- Deferred charges and accrued income -€556
down €556 (-48.8%), from €1,138 to €582
- Tangible fixed assets -€438
down €438 (-36.3%), from €1,208 to €770
of which Furniture and vehicles: -€316
- Advances received -€19,542
down €19,542 (-100%), from €19,542 to €0
- Profit (loss) carried forward -€18,279
down €18,279 (-16.5%), from -€110,978 to -€129,257
- Short-term financial debts +€9,610
new in 2025: €9,610
- Trade debts +€5,670
up €5,670 (+66.7%), from €8,496 to €14,167
- Other debts +€3,412
up €3,412 (+3.9%), from €86,927 to €90,339
- Gross operating margin -€8,121
down €8,121 (-112%), from -€7,238 to -€15,358
- Taxes -€3,139
down €3,139 (-95.7%), from €3,280 to €141
- Depreciation -€1,785
down €1,785 (-70.5%), from €2,532 to €747
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 | €24,719 | €6,323 | -€18,397 | -74.4% |
| Fixed assets | 21/28 | €3,208 | €2,770 | -€438 | -13.7% |
| Tangible fixed assets | 22/27 | €1,208 | €770 | -€438 | -36.3% |
| Furniture and vehicles | 24 | €1,012 | €696 | -€316 | -31.3% |
| Other tangible fixed assets | 26 | €196 | €74 | -€122 | -62.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €21,511 | €3,552 | -€17,958 | -83.5% |
| Amounts receivable within one year | 40/41 | €19,016 | €2,911 | -€16,104 | -84.7% |
| Trade receivables | 40 | €17,925 | €2,911 | -€15,013 | -83.8% |
| Other amounts receivable | 41 | €1,091 | €0 | -€1,091 | -100% |
| Cash at bank and in hand | 54/58 | €1,357 | €59 | -€1,298 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,138 | €582 | -€556 | -48.8% |
| Total equity and liabilities | 10/49 | €24,719 | €6,323 | -€18,397 | -74.4% |
| Equity | 10/15 | -€90,518 | -€108,797 | -€18,279 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,978 | -€129,257 | -€18,279 | -16.5% |
| Amounts payable | 17/49 | €115,237 | €115,120 | -€117 | -0.1% |
| Amounts payable within one year | 42/48 | €115,237 | €115,120 | -€117 | -0.1% |
| Financial debts | 43 | - | €9,610 | +€9,610 | |
| Credit institutions | 430/8 | - | €9,610 | +€9,610 | |
| Trade debts | 44 | €8,496 | €14,167 | +€5,670 | +66.7% |
| Suppliers | 440/4 | €8,496 | €14,167 | +€5,670 | +66.7% |
| Advances received on contracts in progress | 46 | €19,542 | €0 | -€19,542 | -100% |
| Taxes, remuneration and social security | 45 | €271 | €1,004 | +€733 | +270% |
| Taxes | 450/3 | €271 | €1,004 | +€733 | +270% |
| Other amounts payable | 47/48 | €86,927 | €90,339 | +€3,412 | +3.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €747 | -€1,785 | -70.5% |
| Other operating charges | 640/8 | €1,341 | €1,208 | -€133 | -9.9% |
| Gross operating margin | 9900 | -€7,238 | -€15,358 | -€8,121 | -112% |
| Operating profit (loss) | 9901 | -€11,111 | -€17,313 | -€6,203 | -55.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €836 | €825 | -€11 | -1.4% |
| Recurring financial charges | 65 | €836 | €825 | -€11 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,947 | -€18,138 | -€6,191 | -51.8% |
| Income taxes | 67/77 | €3,280 | €141 | -€3,139 | -95.7% |
| Profit (loss) for the period | 9904 | -€15,227 | -€18,279 | -€3,053 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,227 | -€18,279 | -€3,053 | -20.0% |
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 24 October 2026 via checked.be.