DE POEL: 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.
DE POEL
Largest movements
- Receivables within one year +€107,922
up €107,922 (+42.7%), from €252,474 to €360,396
of which Other amounts receivable: +€105,622
- Tangible fixed assets -€49,161
down €49,161 (-4.2%), from €1.2m to €1.1m
- Cash -€49,139
down €49,139 (-45.6%), from €107,668 to €58,529
mainly Receivables within one year (-€107,922) and Net result for the year (-€47,558)
- Profit (loss) carried forward -€44,147
down €44,147 (-17.3%), from €255,804 to €211,657
- Debts after one year +€42,099
new in 2025: €42,099
- Gross operating margin -€37,754
down €37,754 (-48.1%), from €78,419 to €40,665
- Financial income +€7,347
up €7,347 (+65.6%), from €11,208 to €18,555
- Other operating charges -€4,819
down €4,819 (-27.5%), from €17,506 to €12,687
- Depreciation -€3,523
down €3,523 (-3.6%), from €96,860 to €93,337
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 | €1,539,474 | €1,538,914 | -€559 | 0.0% |
| Fixed assets | 21/28 | €1,166,442 | €1,117,281 | -€49,161 | -4.2% |
| Tangible fixed assets | 22/27 | €1,166,442 | €1,117,281 | -€49,161 | -4.2% |
| Land and buildings | 22 | €816,978 | €793,044 | -€23,934 | -2.9% |
| Plant, machinery and equipment | 23 | €4,870 | €12,179 | +€7,310 | +150% |
| Furniture and vehicles | 24 | €90,191 | €71,507 | -€18,684 | -20.7% |
| Other tangible fixed assets | 26 | €254,403 | €240,550 | -€13,853 | -5.4% |
| Current assets | 29/58 | €373,032 | €421,634 | +€48,602 | +13.0% |
| Amounts receivable within one year | 40/41 | €252,474 | €360,396 | +€107,922 | +42.7% |
| Trade receivables | 40 | - | €2,300 | +€2,300 | |
| Other amounts receivable | 41 | €252,474 | €358,096 | +€105,622 | +41.8% |
| Cash at bank and in hand | 54/58 | €107,668 | €58,529 | -€49,139 | -45.6% |
| Deferred charges and accrued income | 490/1 | €12,891 | €2,709 | -€10,181 | -79.0% |
| Total equity and liabilities | 10/49 | €1,539,474 | €1,538,914 | -€559 | 0.0% |
| Equity | 10/15 | €1,495,396 | €1,447,838 | -€47,558 | -3.2% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €339,592 | €336,181 | -€3,411 | -1.0% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90,000 | €90,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,877 | €103,466 | -€3,411 | -3.2% |
| Distributable reserves | 133 | €142,714 | €142,714 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,804 | €211,657 | -€44,147 | -17.3% |
| Provisions and deferred taxes | 16 | €35,626 | €34,489 | -€1,137 | -3.2% |
| Deferred taxes | 168 | €35,626 | €34,489 | -€1,137 | -3.2% |
| Amounts payable | 17/49 | €8,452 | €56,588 | +€48,135 | +569% |
| Amounts payable after more than one year | 17 | - | €42,099 | +€42,099 | |
| Financial debts | 170/4 | - | €42,099 | +€42,099 | |
| Amounts payable within one year | 42/48 | €7,752 | €14,489 | +€6,736 | +86.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,364 | +€10,364 | |
| Trade debts | 44 | €7,387 | €3,760 | -€3,627 | -49.1% |
| Suppliers | 440/4 | €7,387 | €3,760 | -€3,627 | -49.1% |
| Taxes, remuneration and social security | 45 | €365 | €365 | = | 0.0% |
| Taxes | 450/3 | €365 | €365 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,860 | €93,337 | -€3,523 | -3.6% |
| Other operating charges | 640/8 | €17,506 | €12,687 | -€4,819 | -27.5% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €78,419 | €40,665 | -€37,754 | -48.1% |
| Operating profit (loss) | 9901 | -€35,947 | -€65,609 | -€29,663 | -82.5% |
| Financial income | 75/76B | €11,208 | €18,555 | +€7,347 | +65.6% |
| Recurring financial income | 75 | €11,208 | €18,555 | +€7,347 | +65.6% |
| Financial charges | 65/66B | €654 | €1,249 | +€595 | +90.9% |
| Recurring financial charges | 65 | €654 | €1,249 | +€595 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,393 | -€48,304 | -€22,911 | -90.2% |
| Transfer from deferred taxes | 780 | €2,274 | €1,137 | -€1,137 | -50.0% |
| Income taxes | 67/77 | €365 | €391 | +€26 | +7.2% |
| Profit (loss) for the period | 9904 | -€23,484 | -€47,558 | -€24,074 | -103% |
| Transfer from tax-exempt reserves | 789 | €6,822 | €3,411 | -€3,411 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,662 | -€44,147 | -€27,485 | -165% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.