Pobos: 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.
Pobos
Largest movements
- Cash +€91,107
up €91,107 (+33.3%), from €273,833 to €364,940
mainly Depreciation (+€81,846) and Net result for the year (+€74,463)
- Intangible fixed assets -€51,274
down €51,274 (-65.2%), from €78,652 to €27,379
- Receivables within one year -€14,483
down €14,483 (-3.7%), from €389,765 to €375,282
of which Trade receivables: -€26,483
- Other debts -€74,689
down €74,689 (-99.6%), from €75,000 to €311
- Reserves +€74,463
up €74,463 (+43.2%), from €172,440 to €246,904
- Debts after one year +€9,979
up €9,979 (+45.8%), from €21,804 to €31,783
- Gross operating margin -€111,633
down €111,633 (-16.2%), from €689,019 to €577,386
- Taxes -€22,138
down €22,138 (-36.4%), from €60,795 to €38,658
- Staff costs -€14,566
down €14,566 (-3.7%), from €392,758 to €378,192
- Depreciation +€7,339
up €7,339 (+9.8%), from €74,507 to €81,846
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 | €913,846 | €935,864 | +€22,018 | +2.4% |
| Fixed assets | 21/28 | €150,080 | €99,031 | -€51,049 | -34.0% |
| Intangible fixed assets | 21 | €78,652 | €27,379 | -€51,274 | -65.2% |
| Tangible fixed assets | 22/27 | €69,427 | €69,352 | -€75 | -0.1% |
| Furniture and vehicles | 24 | €65,771 | €66,373 | +€603 | +0.9% |
| Other tangible fixed assets | 26 | €3,656 | €2,979 | -€678 | -18.5% |
| Financial fixed assets | 28 | €2,000 | €2,300 | +€300 | +15.0% |
| Current assets | 29/58 | €763,767 | €836,833 | +€73,067 | +9.6% |
| Amounts receivable within one year | 40/41 | €389,765 | €375,282 | -€14,483 | -3.7% |
| Trade receivables | 40 | €389,765 | €363,282 | -€26,483 | -6.8% |
| Other amounts receivable | 41 | €0 | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €273,833 | €364,940 | +€91,107 | +33.3% |
| Deferred charges and accrued income | 490/1 | €100,168 | €96,611 | -€3,557 | -3.6% |
| Total equity and liabilities | 10/49 | €913,846 | €935,864 | +€22,018 | +2.4% |
| Equity | 10/15 | €191,040 | €265,504 | +€74,463 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,440 | €246,904 | +€74,463 | +43.2% |
| Distributable reserves | 133 | €172,440 | €246,904 | +€74,463 | +43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €722,806 | €670,360 | -€52,446 | -7.3% |
| Amounts payable after more than one year | 17 | €21,804 | €31,783 | +€9,979 | +45.8% |
| Financial debts | 170/4 | €21,804 | €31,783 | +€9,979 | +45.8% |
| Amounts payable within one year | 42/48 | €463,719 | €397,684 | -€66,035 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €7,188 | €14,012 | +€6,824 | +94.9% |
| Trade debts | 44 | €252,984 | €251,461 | -€1,522 | -0.6% |
| Suppliers | 440/4 | €252,984 | €251,461 | -€1,522 | -0.6% |
| Taxes, remuneration and social security | 45 | €128,547 | €131,900 | +€3,353 | +2.6% |
| Taxes | 450/3 | €81,636 | €89,770 | +€8,133 | +10.0% |
| Remuneration and social security | 454/9 | €46,911 | €42,130 | -€4,780 | -10.2% |
| Other amounts payable | 47/48 | €75,000 | €311 | -€74,689 | -99.6% |
| Accrued charges and deferred income | 492/3 | €237,283 | €240,893 | +€3,610 | +1.5% |
| Non-recurring operating income | 76A | - | €5,594 | +€5,594 | |
| Remuneration, social security and pensions | 62 | €392,758 | €378,192 | -€14,566 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,507 | €81,846 | +€7,339 | +9.8% |
| Other operating charges | 640/8 | €2,352 | €3,099 | +€746 | +31.7% |
| Gross operating margin | 9900 | €689,019 | €577,386 | -€111,633 | -16.2% |
| Operating profit (loss) | 9901 | €219,402 | €114,249 | -€105,153 | -47.9% |
| Financial income | 75/76B | €0 | €1,587 | +€1,587 | |
| Recurring financial income | 75 | €0 | €1,587 | +€1,587 | |
| Financial charges | 65/66B | €3,238 | €2,716 | -€522 | -16.1% |
| Recurring financial charges | 65 | €3,238 | €2,716 | -€522 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €216,164 | €113,121 | -€103,043 | -47.7% |
| Income taxes | 67/77 | €60,795 | €38,658 | -€22,138 | -36.4% |
| Profit (loss) for the period | 9904 | €155,368 | €74,463 | -€80,905 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,368 | €74,463 | -€80,905 | -52.1% |
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 10 October 2026 via checked.be.