LE POLE DE RECONVERSION: 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.
LE POLE DE RECONVERSION
Largest movements
- Receivables within one year +€893,599
up €893,599 (+4733.7%), from €18,877 to €912,477
of which Other amounts receivable: +€866,723
- Cash -€94,499
down €94,499 (-15.7%), from €601,907 to €507,408
mainly Receivables within one year (-€893,599) and Investment in fixed assets (net) (-€47,686)
- Accrued charges and deferred income +€832,223
up €832,223 (+220.1%), from €378,080 to €1.2m
- Gross operating margin +€429,015
up €429,015 (+63.9%), from €671,476 to €1.1m
- Staff costs +€414,407
up €414,407 (+62.0%), from €668,628 to €1.1m
- Other operating charges -€21,167
down €21,167 (-67.6%), from €31,304 to €10,137
- Financial income +€15,351
up €15,351 (+1615904.2%), from €1 to €15,352
of which Non-recurring financial income: +€15,351
- Depreciation +€12,519
up €12,519 (+75.7%), from €16,548 to €29,068
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 | €838,314 | €1,665,283 | +€826,969 | +98.6% |
| Fixed assets | 21/28 | €211,394 | €230,012 | +€18,618 | +8.8% |
| Tangible fixed assets | 22/27 | €206,044 | €216,332 | +€10,288 | +5.0% |
| Land and buildings | 22 | €180,387 | €199,830 | +€19,443 | +10.8% |
| Plant, machinery and equipment | 23 | €4,241 | €3,034 | -€1,208 | -28.5% |
| Furniture and vehicles | 24 | €20,520 | €12,917 | -€7,603 | -37.1% |
| Other tangible fixed assets | 26 | €896 | €551 | -€344 | -38.4% |
| Financial fixed assets | 28 | €5,350 | €13,680 | +€8,330 | +155.7% |
| Current assets | 29/58 | €626,920 | €1,435,271 | +€808,351 | +128.9% |
| Stocks and contracts in progress | 3 | - | €9,393 | +€9,393 | |
| Stocks | 30/36 | - | €9,393 | +€9,393 | |
| Amounts receivable within one year | 40/41 | €18,877 | €912,477 | +€893,599 | +4733.7% |
| Trade receivables | 40 | €18,364 | €45,240 | +€26,876 | +146.4% |
| Other amounts receivable | 41 | €514 | €867,236 | +€866,723 | +168734.7% |
| Cash at bank and in hand | 54/58 | €601,907 | €507,408 | -€94,499 | -15.7% |
| Deferred charges and accrued income | 490/1 | €6,136 | €5,993 | -€142 | -2.3% |
| Total equity and liabilities | 10/49 | €838,314 | €1,665,283 | +€826,969 | +98.6% |
| Equity | 10/15 | €261,708 | €259,529 | -€2,179 | -0.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €65,902 | €65,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,806 | €178,627 | -€2,179 | -1.2% |
| Provisions and deferred taxes | 16 | €77,226 | €77,226 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €77,226 | €77,226 | = | 0.0% |
| Major repairs and maintenance | 162 | €52,226 | €52,226 | = | 0.0% |
| Environmental obligations | 163 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €499,380 | €1,328,529 | +€829,149 | +166.0% |
| Amounts payable after more than one year | 17 | €18,494 | €11,985 | -€6,509 | -35.2% |
| Financial debts | 170/4 | €18,494 | €11,985 | -€6,509 | -35.2% |
| Amounts payable within one year | 42/48 | €102,806 | €106,240 | +€3,434 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,759 | €5,977 | +€218 | +3.8% |
| Trade debts | 44 | €22,969 | €6,568 | -€16,401 | -71.4% |
| Suppliers | 440/4 | €22,969 | €6,568 | -€16,401 | -71.4% |
| Taxes, remuneration and social security | 45 | €72,255 | €93,694 | +€21,439 | +29.7% |
| Taxes | 450/3 | €11,278 | - | -€11,278 | |
| Remuneration and social security | 454/9 | €60,977 | €93,694 | +€32,718 | +53.7% |
| Accrued charges and deferred income | 492/3 | €378,080 | €1,210,304 | +€832,223 | +220.1% |
| Remuneration, social security and pensions | 62 | €668,628 | €1,083,035 | +€414,407 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,548 | €29,068 | +€12,519 | +75.7% |
| Other operating charges | 640/8 | €31,304 | €10,137 | -€21,167 | -67.6% |
| Non-recurring operating charges | 66A | €6 | - | -€6 | |
| Gross operating margin | 9900 | €671,476 | €1,100,492 | +€429,015 | +63.9% |
| Operating profit (loss) | 9901 | €4,990 | -€21,748 | -€26,738 | |
| Financial income | 75/76B | €1 | €15,352 | +€15,351 | +1615904.2% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +20.0% |
| Non-recurring financial income | 76B | - | €15,351 | +€15,351 | |
| Financial charges | 65/66B | €1,452 | €1,248 | -€203 | -14.0% |
| Recurring financial charges | 65 | €1,452 | €1,248 | -€203 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €3,539 | -€7,644 | -€11,184 | |
| Income taxes | 67/77 | €4,254 | - | -€4,254 | |
| Profit (loss) for the period | 9904 | -€714 | -€7,644 | -€6,930 | -970.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€714 | -€7,644 | -€6,930 | -970.2% |
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 11 October 2026 via checked.be.