DE PONSAY LAW: what changed
DE PONSAY LAW
Largest movements
- Cash +€217,225
up €217,225 (+449%), from €48,358 to €265,583
mainly Net result for the year (+€201,390) and Current investments (+€170,000)
- Current investments -€170,000
no longer reported in 2025 (was €170,000)
- Receivables within one year +€3,470
up €3,470 (+34.8%), from €9,978 to €13,448
- Other debts +€118,442
up €118,442 (+77.3%), from €153,184 to €271,626
- Reserves -€70,236
no longer reported in 2025 (was €70,236)
- Tax, wage and social debts +€3,029
up €3,029 (+21.7%), from €13,962 to €16,991
- Gross operating margin +€63,066
up €63,066 (+31.1%), from €202,878 to €265,944
- Taxes +€16,225
up €16,225 (+34.1%), from €47,650 to €63,875
- Financial income +€3,093
up €3,093 (+485%), from €637 to €3,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,696 | €290,760 | +€51,064 | +21.3% |
| Fixed assets | 21/28 | €4,476 | €6,594 | +€2,117 | +47.3% |
| Tangible fixed assets | 22/27 | €4,476 | €6,594 | +€2,117 | +47.3% |
| Furniture and vehicles | 24 | €3,827 | €3,133 | -€694 | -18.1% |
| Other tangible fixed assets | 26 | €649 | €3,460 | +€2,811 | +433% |
| Current assets | 29/58 | €235,220 | €284,166 | +€48,947 | +20.8% |
| Amounts receivable within one year | 40/41 | €9,978 | €13,448 | +€3,470 | +34.8% |
| Other amounts receivable | 41 | €9,978 | €13,448 | +€3,470 | +34.8% |
| Current investments | 50/53 | €170,000 | - | -€170,000 | |
| Cash at bank and in hand | 54/58 | €48,358 | €265,583 | +€217,225 | +449% |
| Deferred charges and accrued income | 490/1 | €6,884 | €5,136 | -€1,748 | -25.4% |
| Total equity and liabilities | 10/49 | €239,696 | €290,760 | +€51,064 | +21.3% |
| Equity | 10/15 | €72,236 | €2,000 | -€70,236 | -97.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,236 | - | -€70,236 | |
| Distributable reserves | 133 | €70,236 | - | -€70,236 | |
| Amounts payable | 17/49 | €167,460 | €288,760 | +€121,300 | +72.4% |
| Amounts payable within one year | 42/48 | €167,460 | €288,760 | +€121,300 | +72.4% |
| Trade debts | 44 | €313 | €143 | -€170 | -54.4% |
| Suppliers | 440/4 | €313 | €143 | -€170 | -54.4% |
| Taxes, remuneration and social security | 45 | €13,962 | €16,991 | +€3,029 | +21.7% |
| Taxes | 450/3 | €13,962 | €16,991 | +€3,029 | +21.7% |
| Other amounts payable | 47/48 | €153,184 | €271,626 | +€118,442 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €1,755 | -€272 | -13.4% |
| Other operating charges | 640/8 | €387 | €2,417 | +€2,029 | +524% |
| Gross operating margin | 9900 | €202,878 | €265,944 | +€63,066 | +31.1% |
| Operating profit (loss) | 9901 | €200,463 | €261,772 | +€61,309 | +30.6% |
| Financial income | 75/76B | €637 | €3,730 | +€3,093 | +485% |
| Recurring financial income | 75 | €637 | €3,730 | +€3,093 | +485% |
| Financial charges | 65/66B | €266 | €237 | -€29 | -10.9% |
| Recurring financial charges | 65 | €266 | €237 | -€29 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €200,834 | €265,265 | +€64,431 | +32.1% |
| Income taxes | 67/77 | €47,650 | €63,875 | +€16,225 | +34.1% |
| Profit (loss) for the period | 9904 | €153,184 | €201,390 | +€48,206 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,184 | €201,390 | +€48,206 | +31.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.