DE POETSFEE: what changed
Two fiscal 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 POETSFEE
Largest movements
- Receivables within one year +€37,872
up €37,872 (+89.8%), from €42,161 to €80,034
of which Other amounts receivable: +€36,734
- Tangible fixed assets +€35,686
up €35,686 (+64.0%), from €55,782 to €91,468
of which Furniture and vehicles: +€35,894
- Current investments +€22,523
new in 2025: €22,523
- Cash -€5,156
down €5,156 (-32.5%), from €15,879 to €10,723
mainly Investment in fixed assets (net) (-€52,535) and Receivables within one year (-€37,872)
- Reserves +€57,000
up €57,000 (+59.4%), from €96,000 to €153,000
- Debts after one year +€28,478
up €28,478 (+75.9%), from €37,540 to €66,018
- Current portion of long-term debt +€6,602
up €6,602 (+43.8%), from €15,061 to €21,663
- Tax, wage and social debts +€2,825
up €2,825 (+12.8%), from €22,086 to €24,911
of which Taxes: +€1,519
- Gross operating margin +€57,268
up €57,268 (+43.3%), from €132,152 to €189,420
- Staff costs +€27,605
up €27,605 (+44.1%), from €62,541 to €90,146
- Depreciation +€3,479
up €3,479 (+26.0%), from €13,370 to €16,849
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.
Cash bridge derived
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 | €180,790 | €273,402 | +€92,612 | +51.2% |
| Fixed assets | 21/28 | €55,782 | €91,468 | +€35,686 | +64.0% |
| Tangible fixed assets | 22/27 | €55,782 | €91,468 | +€35,686 | +64.0% |
| Plant, machinery and equipment | 23 | €2,535 | €2,327 | -€208 | -8.2% |
| Furniture and vehicles | 24 | €53,247 | €89,141 | +€35,894 | +67.4% |
| Current assets | 29/58 | €125,008 | €181,934 | +€56,926 | +45.5% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €215 | €335 | +€120 | +55.8% |
| Stocks | 30/36 | €215 | €335 | +€120 | +55.8% |
| Amounts receivable within one year | 40/41 | €42,161 | €80,034 | +€37,872 | +89.8% |
| Trade receivables | 40 | €23,546 | €24,685 | +€1,138 | +4.8% |
| Other amounts receivable | 41 | €18,615 | €55,349 | +€36,734 | +197.3% |
| Current investments | 50/53 | - | €22,523 | +€22,523 | |
| Cash at bank and in hand | 54/58 | €15,879 | €10,723 | -€5,156 | -32.5% |
| Deferred charges and accrued income | 490/1 | €1,752 | €3,319 | +€1,567 | +89.4% |
| Total equity and liabilities | 10/49 | €180,790 | €273,402 | +€92,612 | +51.2% |
| Equity | 10/15 | €99,996 | €156,060 | +€56,064 | +56.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,000 | €153,000 | +€57,000 | +59.4% |
| Distributable reserves | 133 | €96,000 | €153,000 | +€57,000 | +59.4% |
| Profit (loss) carried forward | 14 | €996 | €60 | -€936 | -93.9% |
| Amounts payable | 17/49 | €80,794 | €117,342 | +€36,548 | +45.2% |
| Amounts payable after more than one year | 17 | €37,540 | €66,018 | +€28,478 | +75.9% |
| Financial debts | 170/4 | €37,540 | €66,018 | +€28,478 | +75.9% |
| Amounts payable within one year | 42/48 | €43,255 | €51,324 | +€8,070 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €15,061 | €21,663 | +€6,602 | +43.8% |
| Trade debts | 44 | €5,249 | €3,917 | -€1,331 | -25.4% |
| Suppliers | 440/4 | €5,249 | €3,917 | -€1,331 | -25.4% |
| Taxes, remuneration and social security | 45 | €22,086 | €24,911 | +€2,825 | +12.8% |
| Taxes | 450/3 | €12,737 | €14,256 | +€1,519 | +11.9% |
| Remuneration and social security | 454/9 | €9,349 | €10,655 | +€1,306 | +14.0% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Remuneration, social security and pensions | 62 | €62,541 | €90,146 | +€27,605 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,370 | €16,849 | +€3,479 | +26.0% |
| Other operating charges | 640/8 | €1,338 | €1,529 | +€191 | +14.2% |
| Non-recurring operating charges | 66A | €83 | €7,480 | +€7,398 | +8963.8% |
| Gross operating margin | 9900 | €132,152 | €189,420 | +€57,268 | +43.3% |
| Operating profit (loss) | 9901 | €54,821 | €73,416 | +€18,595 | +33.9% |
| Financial income | 75/76B | €1,840 | €1,905 | +€66 | +3.6% |
| Recurring financial income | 75 | €1,840 | €1,905 | +€66 | +3.6% |
| Financial charges | 65/66B | €2,286 | €4,026 | +€1,740 | +76.1% |
| Recurring financial charges | 65 | €2,286 | €4,026 | +€1,740 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €54,374 | €71,295 | +€16,921 | +31.1% |
| Income taxes | 67/77 | €12,737 | €14,398 | +€1,661 | +13.0% |
| Profit (loss) for the period | 9904 | €41,637 | €56,897 | +€15,260 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,637 | €56,897 | +€15,260 | +36.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.