Le Poulet: 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 Poulet
Largest movements
- Financial fixed assets +€714,000
up €714,000 (+12,777%), from €5,588 to €719,588
- Receivables within one year +€210,159
up €210,159 (+155%), from €135,494 to €345,652
of which Trade receivables: +€207,812
- Stocks and contracts +€95,452
up €95,452 (+128%), from €74,554 to €170,007
- Tangible fixed assets -€47,091
down €47,091 (-43.1%), from €109,262 to €62,171
of which Other tangible fixed assets: -€37,243
- Cash -€20,134
down €20,134 (-32.3%), from €62,425 to €42,290
mainly Investment in fixed assets (net) (-€718,953) and Receivables within one year (-€210,159)
- Debts after one year +€714,000
new in 2025: €714,000
- Advances received +€191,968
up €191,968 (+241%), from €79,524 to €271,492
- Other debts +€19,295
up €19,295 (+565%), from €3,414 to €22,709
- Reserves +€17,723
up €17,723 (+29.4%), from €60,293 to €78,016
- Trade debts +€16,902
up €16,902 (+8.8%), from €192,810 to €209,712
- Staff costs +€49,947
up €49,947 (+24.8%), from €201,002 to €250,949
- Gross operating margin +€48,077
up €48,077 (+16.0%), from €301,342 to €349,419
- Taxes +€6,690
up €6,690 (+142%), from €4,716 to €11,406
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 | €401,823 | €1,351,518 | +€949,695 | +236% |
| Fixed assets | 21/28 | €128,000 | €792,219 | +€664,218 | +519% |
| Intangible fixed assets | 21 | €13,151 | €10,460 | -€2,691 | -20.5% |
| Tangible fixed assets | 22/27 | €109,262 | €62,171 | -€47,091 | -43.1% |
| Plant, machinery and equipment | 23 | €51,710 | €44,305 | -€7,405 | -14.3% |
| Furniture and vehicles | 24 | €11,994 | €9,552 | -€2,443 | -20.4% |
| Other tangible fixed assets | 26 | €45,557 | €8,314 | -€37,243 | -81.7% |
| Financial fixed assets | 28 | €5,588 | €719,588 | +€714,000 | +12,777% |
| Current assets | 29/58 | €273,823 | €559,299 | +€285,476 | +104% |
| Stocks and contracts in progress | 3 | €74,554 | €170,007 | +€95,452 | +128% |
| Stocks | 30/36 | €74,554 | €170,007 | +€95,452 | +128% |
| Amounts receivable within one year | 40/41 | €135,494 | €345,652 | +€210,159 | +155% |
| Trade receivables | 40 | €133,454 | €341,266 | +€207,812 | +156% |
| Other amounts receivable | 41 | €2,040 | €4,386 | +€2,346 | +115% |
| Cash at bank and in hand | 54/58 | €62,425 | €42,290 | -€20,134 | -32.3% |
| Deferred charges and accrued income | 490/1 | €1,350 | €1,350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €401,823 | €1,351,518 | +€949,695 | +236% |
| Equity | 10/15 | €103,196 | €120,920 | +€17,723 | +17.2% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €60,293 | €78,016 | +€17,723 | +29.4% |
| Distributable reserves | 133 | €60,293 | €78,016 | +€17,723 | +29.4% |
| Profit (loss) carried forward | 14 | €25,503 | €25,503 | = | 0.0% |
| Amounts payable | 17/49 | €298,627 | €1,230,598 | +€931,971 | +312% |
| Amounts payable after more than one year | 17 | - | €714,000 | +€714,000 | |
| Financial debts | 170/4 | - | €714,000 | +€714,000 | |
| Amounts payable within one year | 42/48 | €298,627 | €516,598 | +€217,971 | +73.0% |
| Trade debts | 44 | €192,810 | €209,712 | +€16,902 | +8.8% |
| Suppliers | 440/4 | €192,810 | €209,712 | +€16,902 | +8.8% |
| Advances received on contracts in progress | 46 | €79,524 | €271,492 | +€191,968 | +241% |
| Taxes, remuneration and social security | 45 | €22,879 | €12,686 | -€10,193 | -44.6% |
| Taxes | 450/3 | €16,042 | €2,975 | -€13,067 | -81.5% |
| Remuneration and social security | 454/9 | €6,837 | €9,711 | +€2,874 | +42.0% |
| Other amounts payable | 47/48 | €3,414 | €22,709 | +€19,295 | +565% |
| Remuneration, social security and pensions | 62 | €201,002 | €250,949 | +€49,947 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,182 | €54,734 | -€1,447 | -2.6% |
| Other operating charges | 640/8 | €9,882 | €8,259 | -€1,623 | -16.4% |
| Gross operating margin | 9900 | €301,342 | €349,419 | +€48,077 | +16.0% |
| Operating profit (loss) | 9901 | €34,277 | €35,476 | +€1,200 | +3.5% |
| Financial income | 75/76B | €91 | €186 | +€95 | +104% |
| Recurring financial income | 75 | €91 | €186 | +€95 | +104% |
| Financial charges | 65/66B | €6,431 | €6,533 | +€103 | +1.6% |
| Recurring financial charges | 65 | €6,431 | €6,533 | +€103 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €27,937 | €29,129 | +€1,192 | +4.3% |
| Income taxes | 67/77 | €4,716 | €11,406 | +€6,690 | +142% |
| Profit (loss) for the period | 9904 | €23,221 | €17,723 | -€5,498 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,221 | €17,723 | -€5,498 | -23.7% |
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 24 October 2026 via checked.be.