FREDERIC POIVRE: 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.
FREDERIC POIVRE
Largest movements
- Tangible fixed assets -€57,418
down €57,418 (-5.5%), from €1.0m to €991,017
of which Land and buildings: -€45,867
- Stocks and contracts +€23,857
up €23,857 (+56.9%), from €41,907 to €65,764
- Deferred charges and accrued income +€15,849
up €15,849 (+875%), from €1,812 to €17,661
- Debts after one year -€64,196
down €64,196 (-13.2%), from €487,355 to €423,159
- Trade debts +€60,627
up €60,627 (+158%), from €38,443 to €99,070
- Tax, wage and social debts +€24,102
up €24,102 (+18.7%), from €128,913 to €153,014
of which Taxes: +€55,770
- Other debts -€23,006
down €23,006 (-11.5%), from €199,992 to €176,986
- Profit (loss) carried forward -€13,031
down €13,031 (-12.3%), from -€106,301 to -€119,333
- Staff costs -€33,679
down €33,679 (-11.4%), from €296,262 to €262,583
- Gross operating margin -€7,362
down €7,362 (-2.2%), from €340,920 to €333,558
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 | €1,096,495 | €1,085,128 | -€11,367 | -1.0% |
| Fixed assets | 21/28 | €1,048,515 | €991,097 | -€57,418 | -5.5% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -62.5% |
| Tangible fixed assets | 22/27 | €1,048,435 | €991,017 | -€57,418 | -5.5% |
| Land and buildings | 22 | €1,007,398 | €961,531 | -€45,867 | -4.6% |
| Plant, machinery and equipment | 23 | €31,552 | €22,742 | -€8,810 | -27.9% |
| Furniture and vehicles | 24 | €9,485 | €6,745 | -€2,740 | -28.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €47,980 | €94,030 | +€46,051 | +96.0% |
| Stocks and contracts in progress | 3 | €41,907 | €65,764 | +€23,857 | +56.9% |
| Stocks | 30/36 | €41,907 | €65,764 | +€23,857 | +56.9% |
| Amounts receivable within one year | 40/41 | €81 | €10,494 | +€10,414 | +12,932% |
| Trade receivables | 40 | - | €7,155 | +€7,155 | |
| Other amounts receivable | 41 | €81 | €3,339 | +€3,258 | +4,046% |
| Cash at bank and in hand | 54/58 | €4,180 | €111 | -€4,069 | -97.4% |
| Deferred charges and accrued income | 490/1 | €1,812 | €17,661 | +€15,849 | +875% |
| Total equity and liabilities | 10/49 | €1,096,495 | €1,085,128 | -€11,367 | -1.0% |
| Equity | 10/15 | €143,699 | €130,667 | -€13,031 | -9.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,301 | -€119,333 | -€13,031 | -12.3% |
| Amounts payable | 17/49 | €952,796 | €954,460 | +€1,665 | +0.2% |
| Amounts payable after more than one year | 17 | €487,355 | €423,159 | -€64,196 | -13.2% |
| Financial debts | 170/4 | €487,355 | €423,159 | -€64,196 | -13.2% |
| Amounts payable within one year | 42/48 | €463,722 | €529,592 | +€65,869 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €63,130 | €64,196 | +€1,066 | +1.7% |
| Financial debts | 43 | €33,245 | €35,351 | +€2,106 | +6.3% |
| Credit institutions | 430/8 | €33,245 | €35,351 | +€2,106 | +6.3% |
| Trade debts | 44 | €38,443 | €99,070 | +€60,627 | +158% |
| Suppliers | 440/4 | €38,443 | €99,070 | +€60,627 | +158% |
| Advances received on contracts in progress | 46 | - | €975 | +€975 | |
| Taxes, remuneration and social security | 45 | €128,913 | €153,014 | +€24,102 | +18.7% |
| Taxes | 450/3 | €53,441 | €109,211 | +€55,770 | +104% |
| Remuneration and social security | 454/9 | €75,472 | €43,803 | -€31,669 | -42.0% |
| Other amounts payable | 47/48 | €199,992 | €176,986 | -€23,006 | -11.5% |
| Accrued charges and deferred income | 492/3 | €1,719 | €1,710 | -€9 | -0.5% |
| Remuneration, social security and pensions | 62 | €296,262 | €262,583 | -€33,679 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,339 | €57,918 | +€578 | +1.0% |
| Other operating charges | 640/8 | €4,709 | €6,914 | +€2,205 | +46.8% |
| Gross operating margin | 9900 | €340,920 | €333,558 | -€7,362 | -2.2% |
| Operating profit (loss) | 9901 | -€17,391 | €6,143 | +€23,534 | |
| Financial charges | 65/66B | €20,707 | €19,174 | -€1,532 | -7.4% |
| Recurring financial charges | 65 | €20,707 | €19,174 | -€1,532 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,098 | -€13,031 | +€25,066 | +65.8% |
| Profit (loss) for the period | 9904 | -€38,098 | -€13,031 | +€25,066 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,098 | -€13,031 | +€25,066 | +65.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.