MAISON PONSARD: 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.
MAISON PONSARD
Largest movements
- Receivables within one year +€148,357
up €148,357 (+33.6%), from €441,029 to €589,386
of which Trade receivables: +€160,875
- Cash -€29,495
down €29,495 (-16.4%), from €180,183 to €150,688
mainly Receivables within one year (-€148,357) and Contributions, distributions and other (-€109,189)
- Stocks and contracts +€19,748
up €19,748 (+8.0%), from €248,153 to €267,901
- Tangible fixed assets -€12,773
down €12,773 (-45.0%), from €28,353 to €15,580
- Trade debts +€140,892
up €140,892 (+50.3%), from €279,878 to €420,770
- Other debts +€52,929
up €52,929 (+77.0%), from €68,767 to €121,696
- Debts after one year -€40,834
down €40,834 (-98.1%), from €41,619 to €785
- Reserves -€20,189
down €20,189 (-4.2%), from €480,970 to €460,781
of which Tax-exempt reserves: -€20,189
- Gross operating margin -€138,465
down €138,465 (-36.9%), from €375,447 to €236,982
- Write-downs -€77,591
new in 2025: -€77,591
- Staff costs -€16,322
down €16,322 (-8.9%), from €183,295 to €166,973
- Taxes -€12,658
down €12,658 (-29.4%), from €43,057 to €30,399
- Depreciation -€9,726
down €9,726 (-43.2%), from €22,499 to €12,773
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 | €898,338 | €1,024,175 | +€125,837 | +14.0% |
| Fixed assets | 21/28 | €28,973 | €16,200 | -€12,773 | -44.1% |
| Intangible fixed assets | 21 | €620 | €620 | = | 0.0% |
| Tangible fixed assets | 22/27 | €28,353 | €15,580 | -€12,773 | -45.0% |
| Furniture and vehicles | 24 | €28,353 | €15,580 | -€12,773 | -45.0% |
| Current assets | 29/58 | €869,365 | €1,007,975 | +€138,610 | +15.9% |
| Stocks and contracts in progress | 3 | €248,153 | €267,901 | +€19,748 | +8.0% |
| Stocks | 30/36 | €248,153 | €267,901 | +€19,748 | +8.0% |
| Amounts receivable within one year | 40/41 | €441,029 | €589,386 | +€148,357 | +33.6% |
| Trade receivables | 40 | €414,242 | €575,117 | +€160,875 | +38.8% |
| Other amounts receivable | 41 | €26,787 | €14,269 | -€12,518 | -46.7% |
| Cash at bank and in hand | 54/58 | €180,183 | €150,688 | -€29,495 | -16.4% |
| Total equity and liabilities | 10/49 | €898,338 | €1,024,175 | +€125,837 | +14.0% |
| Equity | 10/15 | €500,895 | €480,870 | -€20,025 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €480,970 | €460,781 | -€20,189 | -4.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €329,110 | €308,921 | -€20,189 | -6.1% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,325 | €1,489 | +€164 | +12.4% |
| Amounts payable | 17/49 | €397,443 | €543,305 | +€145,862 | +36.7% |
| Amounts payable after more than one year | 17 | €41,619 | €785 | -€40,834 | -98.1% |
| Financial debts | 170/4 | €41,619 | €785 | -€40,834 | -98.1% |
| Amounts payable within one year | 42/48 | €355,824 | €542,520 | +€186,696 | +52.5% |
| Trade debts | 44 | €279,878 | €420,770 | +€140,892 | +50.3% |
| Suppliers | 440/4 | €279,878 | €420,770 | +€140,892 | +50.3% |
| Taxes, remuneration and social security | 45 | €7,179 | €54 | -€7,125 | -99.2% |
| Taxes | 450/3 | €7,179 | €54 | -€7,125 | -99.2% |
| Other amounts payable | 47/48 | €68,767 | €121,696 | +€52,929 | +77.0% |
| Remuneration, social security and pensions | 62 | €183,295 | €166,973 | -€16,322 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,499 | €12,773 | -€9,726 | -43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€77,591 | -€77,591 | |
| Other operating charges | 640/8 | €9,840 | €6,780 | -€3,060 | -31.1% |
| Non-recurring operating charges | 66A | €17,188 | €5,078 | -€12,110 | -70.5% |
| Gross operating margin | 9900 | €375,447 | €236,982 | -€138,465 | -36.9% |
| Operating profit (loss) | 9901 | €142,625 | €122,969 | -€19,656 | -13.8% |
| Financial charges | 65/66B | €6,114 | €3,406 | -€2,708 | -44.3% |
| Recurring financial charges | 65 | €4,130 | €3,406 | -€724 | -17.5% |
| Non-recurring financial charges | 66B | €1,984 | - | -€1,984 | |
| Profit (loss) for the period before taxes | 9903 | €136,511 | €119,563 | -€16,948 | -12.4% |
| Income taxes | 67/77 | €43,057 | €30,399 | -€12,658 | -29.4% |
| Profit (loss) for the period | 9904 | €93,454 | €89,164 | -€4,290 | -4.6% |
| Transfer from tax-exempt reserves | 789 | €43,296 | €60,189 | +€16,893 | +39.0% |
| Transfer to tax-exempt reserves | 689 | €72,720 | €40,000 | -€32,720 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,030 | €109,353 | +€45,323 | +70.8% |
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 25 October 2026 via checked.be.