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
- Tangible fixed assets -€23,777
down €23,777 (-3.2%), from €746,254 to €722,477
of which Land and buildings: -€26,859
- Reserves -€14,971
down €14,971 (-2.6%), from €571,045 to €556,074
- Tax, wage and social debts -€8,297
down €8,297 (-50.6%), from €16,383 to €8,086
- Gross operating margin +€5,029
up €5,029 (+5.9%), from €84,641 to €89,670
- Depreciation +€1,998
up €1,998 (+7.0%), from €28,681 to €30,680
- Other operating charges +€1,800
up €1,800 (+12.0%), from €14,972 to €16,771
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 | €755,892 | €734,934 | -€20,958 | -2.8% |
| Fixed assets | 21/28 | €746,254 | €722,477 | -€23,777 | -3.2% |
| Tangible fixed assets | 22/27 | €746,254 | €722,477 | -€23,777 | -3.2% |
| Land and buildings | 22 | €746,254 | €719,395 | -€26,859 | -3.6% |
| Furniture and vehicles | 24 | - | €3,082 | +€3,082 | |
| Current assets | 29/58 | €9,638 | €12,457 | +€2,819 | +29.2% |
| Amounts receivable within one year | 40/41 | €3,528 | €8,317 | +€4,789 | +136% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,528 | €8,317 | +€4,789 | +136% |
| Cash at bank and in hand | 54/58 | €6,110 | €2,214 | -€3,896 | -63.8% |
| Deferred charges and accrued income | 490/1 | - | €1,926 | +€1,926 | |
| Total equity and liabilities | 10/49 | €755,892 | €734,934 | -€20,958 | -2.8% |
| Equity | 10/15 | €691,045 | €676,074 | -€14,971 | -2.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €571,045 | €556,074 | -€14,971 | -2.6% |
| Distributable reserves | 133 | €571,045 | €556,074 | -€14,971 | -2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,847 | €58,860 | -€5,987 | -9.2% |
| Amounts payable within one year | 42/48 | €64,847 | €58,728 | -€6,119 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,986 | €8,829 | +€5,843 | +196% |
| Suppliers | 440/4 | €2,986 | €8,829 | +€5,843 | +196% |
| Taxes, remuneration and social security | 45 | €16,383 | €8,086 | -€8,297 | -50.6% |
| Taxes | 450/3 | €16,383 | €8,086 | -€8,297 | -50.6% |
| Other amounts payable | 47/48 | €45,478 | €41,812 | -€3,665 | -8.1% |
| Accrued charges and deferred income | 492/3 | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,681 | €30,680 | +€1,998 | +7.0% |
| Other operating charges | 640/8 | €14,972 | €16,771 | +€1,800 | +12.0% |
| Gross operating margin | 9900 | €84,641 | €89,670 | +€5,029 | +5.9% |
| Operating profit (loss) | 9901 | €40,988 | €42,219 | +€1,231 | +3.0% |
| Financial income | 75/76B | €52 | €424 | +€372 | +711% |
| Recurring financial income | 75 | €52 | €424 | +€372 | +711% |
| Financial charges | 65/66B | €870 | €93 | -€777 | -89.3% |
| Recurring financial charges | 65 | €870 | €93 | -€777 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €40,169 | €42,550 | +€2,381 | +5.9% |
| Income taxes | 67/77 | €14,937 | €15,709 | +€772 | +5.2% |
| Profit (loss) for the period | 9904 | €25,232 | €26,841 | +€1,609 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,232 | €26,841 | +€1,609 | +6.4% |
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.