POBA: what changed
Two fiscal 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.
POBA
Largest movements
- Tangible fixed assets -€26,203
down €26,203 (-26.1%), from €100,520 to €74,318
- Receivables within one year +€12,973
up €12,973 (+25.4%), from €51,056 to €64,029
of which Trade receivables: +€12,342
- Cash +€8,853
up €8,853 (+71.5%), from €12,387 to €21,240
mainly Depreciation (+€37,494) and Other debts (+€7,141)
- Reserves -€21,421
down €21,421 (-33.9%), from €63,131 to €41,710
of which Tax-exempt reserves: -€21,421
- Profit (loss) carried forward +€15,233
up €15,233 (+25.4%), from €59,869 to €75,102
- Other debts +€7,141
up €7,141 (+59.2%), from €12,059 to €19,199
- Provisions -€7,140
down €7,140 (-35.0%), from €20,424 to €13,283
- Trade debts +€2,923
up €2,923 (+250.1%), from €1,169 to €4,092
- Gross operating margin -€8,246
down €8,246 (-25.4%), from €32,484 to €24,238
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 | €163,964 | €159,587 | -€4,377 | -2.7% |
| Fixed assets | 21/28 | €100,520 | €74,318 | -€26,203 | -26.1% |
| Tangible fixed assets | 22/27 | €100,520 | €74,318 | -€26,203 | -26.1% |
| Plant, machinery and equipment | 23 | €13,874 | €6,395 | -€7,479 | -53.9% |
| Furniture and vehicles | 24 | €19,655 | €12,078 | -€7,577 | -38.5% |
| Other tangible fixed assets | 26 | €66,992 | €55,845 | -€11,147 | -16.6% |
| Current assets | 29/58 | €63,443 | €85,269 | +€21,826 | +34.4% |
| Amounts receivable within one year | 40/41 | €51,056 | €64,029 | +€12,973 | +25.4% |
| Trade receivables | 40 | €51,000 | €63,342 | +€12,342 | +24.2% |
| Other amounts receivable | 41 | €56 | €687 | +€631 | +1130.1% |
| Cash at bank and in hand | 54/58 | €12,387 | €21,240 | +€8,853 | +71.5% |
| Total equity and liabilities | 10/49 | €163,964 | €159,587 | -€4,377 | -2.7% |
| Equity | 10/15 | €129,200 | €123,012 | -€6,187 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,131 | €41,710 | -€21,421 | -33.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,271 | €39,850 | -€21,421 | -35.0% |
| Profit (loss) carried forward | 14 | €59,869 | €75,102 | +€15,233 | +25.4% |
| Provisions and deferred taxes | 16 | €20,424 | €13,283 | -€7,140 | -35.0% |
| Deferred taxes | 168 | €20,424 | €13,283 | -€7,140 | -35.0% |
| Amounts payable | 17/49 | €14,340 | €23,291 | +€8,951 | +62.4% |
| Amounts payable within one year | 42/48 | €14,147 | €23,291 | +€9,144 | +64.6% |
| Trade debts | 44 | €1,169 | €4,092 | +€2,923 | +250.1% |
| Suppliers | 440/4 | €1,169 | €4,092 | +€2,923 | +250.1% |
| Taxes, remuneration and social security | 45 | €920 | - | -€920 | |
| Taxes | 450/3 | €920 | - | -€920 | |
| Other amounts payable | 47/48 | €12,059 | €19,199 | +€7,141 | +59.2% |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,319 | €37,494 | +€175 | +0.5% |
| Other operating charges | 640/8 | €194 | - | -€194 | |
| Gross operating margin | 9900 | €32,484 | €24,238 | -€8,246 | -25.4% |
| Operating profit (loss) | 9901 | -€5,029 | -€13,256 | -€8,227 | -163.6% |
| Financial charges | 65/66B | €72 | €72 | = | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,101 | -€13,328 | -€8,227 | -161.3% |
| Transfer from deferred taxes | 780 | €7,140 | €7,140 | = | 0.0% |
| Profit (loss) for the period | 9904 | €2,039 | -€6,187 | -€8,227 | |
| Transfer from tax-exempt reserves | 789 | €21,421 | €21,421 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,460 | €15,233 | -€8,227 | -35.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.