Philippe PONDANT: 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.
Philippe PONDANT
Largest movements
- Receivables within one year -€28,886
down €28,886 (-17.9%), from €161,604 to €132,718
of which Trade receivables: -€31,806
- Tangible fixed assets -€10,054
down €10,054 (-37.9%), from €26,514 to €16,460
- Stocks and contracts -€3,542
down €3,542 (-28.8%), from €12,294 to €8,752
- Trade debts -€20,146
down €20,146 (-85.9%), from €23,461 to €3,315
- Profit (loss) carried forward -€9,403
down €9,403 (-43.3%), from €21,702 to €12,300
- Current portion of long-term debt -€6,318
down €6,318 (-83.2%), from €7,590 to €1,272
- Tax, wage and social debts -€4,016
down €4,016 (-59.3%), from €6,777 to €2,761
- Other debts -€3,438
down €3,438 (-3.7%), from €92,706 to €89,268
- Write-downs +€11,264
new in 2024: €11,264
- Gross operating margin -€6,290
down €6,290 (-23.4%), from €26,874 to €20,584
- Taxes -€2,782
down €2,782 (-95.6%), from €2,910 to €128
- Financial charges +€935
up €935 (+14.2%), from €6,584 to €7,519
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,108 | €192,515 | -€44,592 | -18.8% |
| Fixed assets | 21/28 | €26,514 | €16,460 | -€10,054 | -37.9% |
| Tangible fixed assets | 22/27 | €26,514 | €16,460 | -€10,054 | -37.9% |
| Furniture and vehicles | 24 | €26,514 | €16,460 | -€10,054 | -37.9% |
| Current assets | 29/58 | €210,594 | €176,055 | -€34,538 | -16.4% |
| Stocks and contracts in progress | 3 | €12,294 | €8,752 | -€3,542 | -28.8% |
| Stocks | 30/36 | €12,294 | €8,752 | -€3,542 | -28.8% |
| Amounts receivable within one year | 40/41 | €161,604 | €132,718 | -€28,886 | -17.9% |
| Trade receivables | 40 | €154,820 | €123,013 | -€31,806 | -20.5% |
| Other amounts receivable | 41 | €6,785 | €9,705 | +€2,920 | +43.0% |
| Cash at bank and in hand | 54/58 | €34,778 | €34,305 | -€473 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,917 | €280 | -€1,637 | -85.4% |
| Total equity and liabilities | 10/49 | €237,108 | €192,515 | -€44,592 | -18.8% |
| Equity | 10/15 | €105,302 | €95,900 | -€9,403 | -8.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €62,600 | €62,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €60,500 | €60,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,702 | €12,300 | -€9,403 | -43.3% |
| Amounts payable | 17/49 | €131,805 | €96,616 | -€35,190 | -26.7% |
| Amounts payable after more than one year | 17 | €1,272 | - | -€1,272 | |
| Financial debts | 170/4 | €1,272 | - | -€1,272 | |
| Amounts payable within one year | 42/48 | €130,534 | €96,616 | -€33,918 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €7,590 | €1,272 | -€6,318 | -83.2% |
| Trade debts | 44 | €23,461 | €3,315 | -€20,146 | -85.9% |
| Suppliers | 440/4 | €23,461 | €3,315 | -€20,146 | -85.9% |
| Taxes, remuneration and social security | 45 | €6,777 | €2,761 | -€4,016 | -59.3% |
| Taxes | 450/3 | €6,777 | €2,761 | -€4,016 | -59.3% |
| Other amounts payable | 47/48 | €92,706 | €89,268 | -€3,438 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,054 | €10,054 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,264 | +€11,264 | |
| Other operating charges | 640/8 | €1,066 | €1,022 | -€44 | -4.2% |
| Gross operating margin | 9900 | €26,874 | €20,584 | -€6,290 | -23.4% |
| Operating profit (loss) | 9901 | €15,754 | -€1,756 | -€17,510 | |
| Financial charges | 65/66B | €6,584 | €7,519 | +€935 | +14.2% |
| Recurring financial charges | 65 | €6,584 | €7,519 | +€935 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €9,170 | -€9,275 | -€18,444 | |
| Income taxes | 67/77 | €2,910 | €128 | -€2,782 | -95.6% |
| Profit (loss) for the period | 9904 | €6,260 | -€9,403 | -€15,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,260 | -€9,403 | -€15,662 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.