P.O.M.: 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.
P.O.M.
Largest movements
- Cash +€112,644
up €112,644 (+92.7%), from €121,488 to €234,133
mainly Net result for the year (+€58,142) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Receivables within one year -€20,218
down €20,218 (-89.7%), from €22,537 to €2,319
of which Other amounts receivable: -€10,538
- Tangible fixed assets +€12,420
up €12,420 (+1.9%), from €658,433 to €670,853
of which Land and buildings: +€191,734
- Profit (loss) carried forward +€34,699
up €34,699, from -€34,699 to €0
- Reserves +€23,443
up €23,443 (+5.5%), from €422,898 to €446,341
- Debts after one year -€10,700
down €10,700 (-3.6%), from €300,000 to €289,300
- Gross operating margin +€112,727
up €112,727 (+1,240%), from €9,094 to €121,821
- Taxes +€9,638
up €9,638 (+2,596%), from €371 to €10,009
- Financial income -€2,793
down €2,793 (-54.5%), from €5,125 to €2,332
- Depreciation +€1,934
up €1,934 (+5.5%), from €34,975 to €36,910
- Financial charges +€1,542
up €1,542 (+12.5%), from €12,356 to €13,898
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 | €959,117 | €1,008,399 | +€49,281 | +5.1% |
| Fixed assets | 21/28 | €658,433 | €670,853 | +€12,420 | +1.9% |
| Tangible fixed assets | 22/27 | €658,433 | €670,853 | +€12,420 | +1.9% |
| Land and buildings | 22 | €425,308 | €617,042 | +€191,734 | +45.1% |
| Plant, machinery and equipment | 23 | €6,120 | €5,479 | -€642 | -10.5% |
| Furniture and vehicles | 24 | €7,290 | €47,462 | +€40,172 | +551% |
| Other tangible fixed assets | 26 | €219,714 | €870 | -€218,845 | -99.6% |
| Current assets | 29/58 | €300,684 | €337,546 | +€36,861 | +12.3% |
| Amounts receivable within one year | 40/41 | €22,537 | €2,319 | -€20,218 | -89.7% |
| Trade receivables | 40 | €10,164 | €484 | -€9,680 | -95.2% |
| Other amounts receivable | 41 | €12,373 | €1,835 | -€10,538 | -85.2% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €121,488 | €234,133 | +€112,644 | +92.7% |
| Deferred charges and accrued income | 490/1 | €6,659 | €1,094 | -€5,565 | -83.6% |
| Total equity and liabilities | 10/49 | €959,117 | €1,008,399 | +€49,281 | +5.1% |
| Equity | 10/15 | €632,900 | €691,041 | +€58,142 | +9.2% |
| Contributions | 10/11 | €244,700 | €244,700 | = | 0.0% |
| Reserves | 13 | €422,898 | €446,341 | +€23,443 | +5.5% |
| Distributable reserves | 133 | €422,898 | €446,341 | +€23,443 | +5.5% |
| Profit (loss) carried forward | 14 | -€34,699 | €0 | +€34,699 | |
| Amounts payable | 17/49 | €326,218 | €317,357 | -€8,860 | -2.7% |
| Amounts payable after more than one year | 17 | €300,000 | €289,300 | -€10,700 | -3.6% |
| Other amounts payable | 178/9 | €300,000 | €289,300 | -€10,700 | -3.6% |
| Amounts payable within one year | 42/48 | €12,130 | €15,465 | +€3,335 | +27.5% |
| Trade debts | 44 | €3,306 | €1,445 | -€1,861 | -56.3% |
| Suppliers | 440/4 | €3,306 | €1,445 | -€1,861 | -56.3% |
| Taxes, remuneration and social security | 45 | €892 | €8,046 | +€7,153 | +802% |
| Taxes | 450/3 | €892 | €8,046 | +€7,153 | +802% |
| Other amounts payable | 47/48 | €7,932 | €5,975 | -€1,957 | -24.7% |
| Accrued charges and deferred income | 492/3 | €14,088 | €12,592 | -€1,496 | -10.6% |
| Non-recurring operating income | 76A | - | €10,210 | +€10,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,975 | €36,910 | +€1,934 | +5.5% |
| Other operating charges | 640/8 | €4,030 | €5,195 | +€1,165 | +28.9% |
| Gross operating margin | 9900 | €9,094 | €121,821 | +€112,727 | +1,240% |
| Operating profit (loss) | 9901 | -€29,911 | €79,717 | +€109,628 | |
| Financial income | 75/76B | €5,125 | €2,332 | -€2,793 | -54.5% |
| Recurring financial income | 75 | €5,125 | €2,332 | -€2,793 | -54.5% |
| Financial charges | 65/66B | €12,356 | €13,898 | +€1,542 | +12.5% |
| Recurring financial charges | 65 | €12,356 | €13,898 | +€1,542 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,142 | €68,151 | +€105,293 | |
| Income taxes | 67/77 | €371 | €10,009 | +€9,638 | +2,596% |
| Profit (loss) for the period | 9904 | -€37,513 | €58,142 | +€95,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,513 | €58,142 | +€95,655 |
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 20 October 2026 via checked.be.