DANIEL PONDANT: 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.
DANIEL PONDANT
Largest movements
- Receivables within one year +€45,169
up €45,169 (+295%), from €15,334 to €60,503
of which Other amounts receivable: +€46,763
- Cash -€23,260
down €23,260 (-13.7%), from €169,771 to €146,511
mainly Contributions, distributions and other (-€55,000) and Receivables within one year (-€45,169)
- Stocks and contracts -€5,825
no longer reported in 2025 (was €5,825)
of which Stocks: -€2,935
- Tangible fixed assets -€5,103
down €5,103 (-82.2%), from €6,206 to €1,103
of which Plant, machinery and equipment: -€4,672
- Profit (loss) carried forward +€41,706
new in 2025: €41,706
- Tax, wage and social debts -€16,487
down €16,487 (-95.8%), from €17,213 to €726
of which Remuneration and social security: -€11,195
- Other debts -€15,000
down €15,000 (-13.6%), from €110,000 to €95,000
- Staff costs -€73,665
down €73,665 (-33.4%), from €220,386 to €146,721
- Gross operating margin -€44,486
down €44,486 (-13.6%), from €327,434 to €282,948
- Taxes +€7,222
up €7,222 (+28.2%), from €25,624 to €32,846
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 | €203,054 | €213,935 | +€10,881 | +5.4% |
| Fixed assets | 21/28 | €6,231 | €1,128 | -€5,103 | -81.9% |
| Tangible fixed assets | 22/27 | €6,206 | €1,103 | -€5,103 | -82.2% |
| Plant, machinery and equipment | 23 | €5,341 | €669 | -€4,672 | -87.5% |
| Furniture and vehicles | 24 | €865 | €433 | -€432 | -49.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €196,823 | €212,807 | +€15,984 | +8.1% |
| Stocks and contracts in progress | 3 | €5,825 | - | -€5,825 | |
| Stocks | 30/36 | €2,935 | - | -€2,935 | |
| Contracts in progress | 37 | €2,890 | - | -€2,890 | |
| Amounts receivable within one year | 40/41 | €15,334 | €60,503 | +€45,169 | +295% |
| Trade receivables | 40 | €3,484 | €1,891 | -€1,594 | -45.7% |
| Other amounts receivable | 41 | €11,850 | €58,613 | +€46,763 | +395% |
| Cash at bank and in hand | 54/58 | €169,771 | €146,511 | -€23,260 | -13.7% |
| Deferred charges and accrued income | 490/1 | €5,893 | €5,793 | -€100 | -1.7% |
| Total equity and liabilities | 10/49 | €203,054 | €213,935 | +€10,881 | +5.4% |
| Equity | 10/15 | €69,983 | €111,689 | +€41,706 | +59.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €51,233 | €51,233 | = | 0.0% |
| Distributable reserves | 133 | €51,233 | €51,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €41,706 | +€41,706 | |
| Amounts payable | 17/49 | €133,071 | €102,246 | -€30,825 | -23.2% |
| Amounts payable within one year | 42/48 | €132,798 | €102,101 | -€30,697 | -23.1% |
| Trade debts | 44 | €5,585 | €6,375 | +€789 | +14.1% |
| Suppliers | 440/4 | €5,585 | €6,375 | +€789 | +14.1% |
| Taxes, remuneration and social security | 45 | €17,213 | €726 | -€16,487 | -95.8% |
| Taxes | 450/3 | €6,017 | €726 | -€5,291 | -87.9% |
| Remuneration and social security | 454/9 | €11,195 | - | -€11,195 | |
| Other amounts payable | 47/48 | €110,000 | €95,000 | -€15,000 | -13.6% |
| Accrued charges and deferred income | 492/3 | €273 | €145 | -€128 | -46.9% |
| Non-recurring operating income | 76A | €14,015 | - | -€14,015 | |
| Remuneration, social security and pensions | 62 | €220,386 | €146,721 | -€73,665 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €5,103 | -€2,677 | -34.4% |
| Other operating charges | 640/8 | €1,403 | €1,538 | +€135 | +9.7% |
| Gross operating margin | 9900 | €327,434 | €282,948 | -€44,486 | -13.6% |
| Operating profit (loss) | 9901 | €97,864 | €129,585 | +€31,721 | +32.4% |
| Financial income | 75/76B | €1,033 | €296 | -€738 | -71.4% |
| Recurring financial income | 75 | €1,033 | €296 | -€738 | -71.4% |
| Financial charges | 65/66B | €859 | €329 | -€530 | -61.7% |
| Recurring financial charges | 65 | €859 | €329 | -€530 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €98,038 | €129,552 | +€31,514 | +32.1% |
| Income taxes | 67/77 | €25,624 | €32,846 | +€7,222 | +28.2% |
| Profit (loss) for the period | 9904 | €72,414 | €96,706 | +€24,292 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,414 | €96,706 | +€24,292 | +33.5% |
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 20 October 2026 via checked.be.