LE POINT D'EAU: 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.
LE POINT D'EAU
Largest movements
- Receivables within one year -€352,718
down €352,718 (-59.0%), from €597,732 to €245,014
of which Other amounts receivable: -€417,706
- Cash +€233,804
up €233,804 (+100.1%), from €233,498 to €467,302
mainly Receivables within one year (+€352,718) and Current portion of long-term debt (+€74,362)
- Tangible fixed assets +€207,962
up €207,962 (+74.5%), from €279,150 to €487,112
of which Plant, machinery and equipment: +€200,926
- Current portion of long-term debt +€74,362
up €74,362 (+362.0%), from €20,541 to €94,904
- Other debts +€68,420
up €68,420 (+1829.4%), from €3,740 to €72,160
- Trade debts +€63,710
up €63,710 (+20.0%), from €317,798 to €381,508
- Short-term financial debts -€61,839
down €61,839 (-74.5%), from €83,047 to €21,208
- Provisions -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Provisions -€120,000
down €120,000, from €60,000 to -€60,000
- Staff costs +€74,042
up €74,042 (+6.1%), from €1.2m to €1.3m
- Gross operating margin -€54,801
down €54,801 (-4.0%), from €1.4m to €1.3m
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 | €1,150,245 | €1,229,657 | +€79,412 | +6.9% |
| Fixed assets | 21/28 | €279,150 | €487,112 | +€207,962 | +74.5% |
| Tangible fixed assets | 22/27 | €279,150 | €487,112 | +€207,962 | +74.5% |
| Plant, machinery and equipment | 23 | €274,059 | €474,985 | +€200,926 | +73.3% |
| Furniture and vehicles | 24 | €5,091 | €6,515 | +€1,424 | +28.0% |
| Other tangible fixed assets | 26 | - | €5,612 | +€5,612 | |
| Current assets | 29/58 | €871,095 | €742,545 | -€128,550 | -14.8% |
| Stocks and contracts in progress | 3 | €4,980 | €6,867 | +€1,887 | +37.9% |
| Stocks | 30/36 | €4,980 | €6,867 | +€1,887 | +37.9% |
| Amounts receivable within one year | 40/41 | €597,732 | €245,014 | -€352,718 | -59.0% |
| Trade receivables | 40 | €143,612 | €208,601 | +€64,989 | +45.3% |
| Other amounts receivable | 41 | €454,120 | €36,414 | -€417,706 | -92.0% |
| Cash at bank and in hand | 54/58 | €233,498 | €467,302 | +€233,804 | +100.1% |
| Deferred charges and accrued income | 490/1 | €34,885 | €23,362 | -€11,523 | -33.0% |
| Total equity and liabilities | 10/49 | €1,150,245 | €1,229,657 | +€79,412 | +6.9% |
| Equity | 10/15 | €165,392 | €173,810 | +€8,419 | +5.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,608 | -€326,190 | +€8,419 | +2.5% |
| Provisions and deferred taxes | 16 | €60,000 | €0 | -€60,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €0 | -€60,000 | -100.0% |
| Other liabilities and charges | 164/5 | €60,000 | €0 | -€60,000 | -100.0% |
| Amounts payable | 17/49 | €924,853 | €1,055,847 | +€130,994 | +14.2% |
| Amounts payable after more than one year | 17 | €157,669 | €136,587 | -€21,082 | -13.4% |
| Financial debts | 170/4 | €157,669 | €136,587 | -€21,082 | -13.4% |
| Amounts payable within one year | 42/48 | €694,608 | €852,425 | +€157,818 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €20,541 | €94,904 | +€74,362 | +362.0% |
| Financial debts | 43 | €83,047 | €21,208 | -€61,839 | -74.5% |
| Credit institutions | 430/8 | €83,047 | €21,208 | -€61,839 | -74.5% |
| Trade debts | 44 | €317,798 | €381,508 | +€63,710 | +20.0% |
| Suppliers | 440/4 | €317,798 | €381,508 | +€63,710 | +20.0% |
| Advances received on contracts in progress | 46 | €104,359 | €105,662 | +€1,303 | +1.2% |
| Taxes, remuneration and social security | 45 | €165,123 | €176,984 | +€11,861 | +7.2% |
| Taxes | 450/3 | €744 | €2,435 | +€1,692 | +227.4% |
| Remuneration and social security | 454/9 | €164,379 | €174,548 | +€10,169 | +6.2% |
| Other amounts payable | 47/48 | €3,740 | €72,160 | +€68,420 | +1829.4% |
| Accrued charges and deferred income | 492/3 | €72,576 | €66,834 | -€5,742 | -7.9% |
| Non-recurring operating income | 76A | €37,850 | €247,155 | +€209,304 | +553.0% |
| Remuneration, social security and pensions | 62 | €1,213,527 | €1,287,569 | +€74,042 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,490 | €44,354 | +€9,864 | +28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€136 | €0 | +€136 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €60,000 | -€60,000 | -€120,000 | |
| Other operating charges | 640/8 | €12,773 | €6,403 | -€6,370 | -49.9% |
| Non-recurring operating charges | 66A | €1,703 | €1,316 | -€386 | -22.7% |
| Gross operating margin | 9900 | €1,357,037 | €1,302,236 | -€54,801 | -4.0% |
| Operating profit (loss) | 9901 | €34,679 | €22,593 | -€12,087 | -34.9% |
| Financial income | 75/76B | €98 | €1,481 | +€1,384 | +1418.7% |
| Recurring financial income | 75 | €98 | €1,481 | +€1,384 | +1418.7% |
| Financial charges | 65/66B | €15,385 | €15,655 | +€270 | +1.8% |
| Recurring financial charges | 65 | €15,385 | €15,655 | +€270 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €19,392 | €8,419 | -€10,973 | -56.6% |
| Income taxes | 67/77 | -€7 | €0 | +€7 | |
| Profit (loss) for the period | 9904 | €19,399 | €8,419 | -€10,980 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,399 | €8,419 | -€10,980 | -56.6% |
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 3 October 2026 via checked.be.