POCAPER: 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.
POCAPER
Largest movements
- Tangible fixed assets -€99,190
down €99,190 (-12.6%), from €790,245 to €691,055
of which Plant, machinery and equipment: -€56,297
- Stocks and contracts +€57,535
up €57,535 (+13.8%), from €418,427 to €475,962
- Receivables within one year +€31,382
up €31,382 (+27.1%), from €115,645 to €147,028
of which Trade receivables: +€27,340
- Other debts +€410,000
up €410,000 (+137%), from €300,000 to €710,000
- Profit (loss) carried forward -€274,716
down €274,716 (-42.3%), from -€648,979 to -€923,694
- Debts after one year -€121,659
down €121,659 (-17.1%), from €709,722 to €588,063
- Tax, wage and social debts -€15,559
down €15,559 (-68.6%), from €22,667 to €7,108
of which Taxes: -€10,685
- Trade debts -€14,219
down €14,219 (-3.2%), from €445,642 to €431,423
- Gross operating margin -€172,665
down €172,665, from €164,422 to -€8,243
- Staff costs -€64,547
down €64,547 (-35.6%), from €181,488 to €116,941
- Write-downs -€37,071
no longer reported in 2025 (was €37,071)
- Financial charges -€6,328
down €6,328 (-15.6%), from €40,663 to €34,335
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 | €1,403,158 | €1,384,049 | -€19,109 | -1.4% |
| Fixed assets | 21/28 | €790,608 | €691,418 | -€99,190 | -12.5% |
| Tangible fixed assets | 22/27 | €790,245 | €691,055 | -€99,190 | -12.6% |
| Plant, machinery and equipment | 23 | €449,970 | €393,673 | -€56,297 | -12.5% |
| Other tangible fixed assets | 26 | €340,275 | €297,382 | -€42,893 | -12.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €612,551 | €692,631 | +€80,081 | +13.1% |
| Stocks and contracts in progress | 3 | €418,427 | €475,962 | +€57,535 | +13.8% |
| Stocks | 30/36 | €418,427 | €475,962 | +€57,535 | +13.8% |
| Amounts receivable within one year | 40/41 | €115,645 | €147,028 | +€31,382 | +27.1% |
| Trade receivables | 40 | €115,645 | €142,985 | +€27,340 | +23.6% |
| Other amounts receivable | 41 | - | €4,042 | +€4,042 | |
| Cash at bank and in hand | 54/58 | €78,202 | €67,469 | -€10,733 | -13.7% |
| Deferred charges and accrued income | 490/1 | €277 | €2,173 | +€1,896 | +685% |
| Total equity and liabilities | 10/49 | €1,403,158 | €1,384,049 | -€19,109 | -1.4% |
| Equity | 10/15 | -€323,151 | -€597,867 | -€274,716 | -85.0% |
| Contributions | 10/11 | €325,828 | €325,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€648,979 | -€923,694 | -€274,716 | -42.3% |
| Amounts payable | 17/49 | €1,726,310 | €1,981,916 | +€255,606 | +14.8% |
| Amounts payable after more than one year | 17 | €709,722 | €588,063 | -€121,659 | -17.1% |
| Financial debts | 170/4 | €709,722 | €588,063 | -€121,659 | -17.1% |
| Amounts payable within one year | 42/48 | €916,163 | €1,285,270 | +€369,107 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €147,853 | €136,739 | -€11,114 | -7.5% |
| Trade debts | 44 | €445,642 | €431,423 | -€14,219 | -3.2% |
| Suppliers | 440/4 | €445,642 | €431,423 | -€14,219 | -3.2% |
| Taxes, remuneration and social security | 45 | €22,667 | €7,108 | -€15,559 | -68.6% |
| Taxes | 450/3 | €10,861 | €176 | -€10,685 | -98.4% |
| Remuneration and social security | 454/9 | €11,806 | €6,932 | -€4,874 | -41.3% |
| Other amounts payable | 47/48 | €300,000 | €710,000 | +€410,000 | +137% |
| Accrued charges and deferred income | 492/3 | €100,424 | €108,583 | +€8,158 | +8.1% |
| Remuneration, social security and pensions | 62 | €181,488 | €116,941 | -€64,547 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,595 | €102,806 | +€211 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,071 | - | -€37,071 | |
| Other operating charges | 640/8 | €12,476 | €13,004 | +€528 | +4.2% |
| Gross operating margin | 9900 | €164,422 | -€8,243 | -€172,665 | |
| Operating profit (loss) | 9901 | -€169,207 | -€240,994 | -€71,786 | -42.4% |
| Financial income | 75/76B | €619 | €789 | +€170 | +27.4% |
| Recurring financial income | 75 | €619 | €789 | +€170 | +27.4% |
| Financial charges | 65/66B | €40,663 | €34,335 | -€6,328 | -15.6% |
| Recurring financial charges | 65 | €40,663 | €34,335 | -€6,328 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€209,251 | -€274,539 | -€65,288 | -31.2% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€209,426 | -€274,716 | -€65,290 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,426 | -€274,716 | -€65,290 | -31.2% |
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 14 October 2026 via checked.be.