POCATH: 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.
POCATH
Largest movements
- Stocks and contracts +€85,911
up €85,911 (+7.6%), from €1.1m to €1.2m
- Receivables within one year +€51,361
up €51,361 (+26.5%), from €194,145 to €245,506
of which Trade receivables: +€47,305
- Cash -€45,540
down €45,540 (-6.1%), from €750,205 to €704,666
mainly Tax, wage and social debts (-€89,567) and Stocks and contracts (-€85,911)
- Tangible fixed assets -€29,774
down €29,774 (-4.8%), from €620,315 to €590,541
of which Plant, machinery and equipment: -€47,283
- Trade debts +€230,749
up €230,749 (+15.8%), from €1.5m to €1.7m
- Tax, wage and social debts -€89,567
down €89,567 (-23.3%), from €383,864 to €294,297
of which Remuneration and social security: -€71,252
- Debts after one year -€78,690
down €78,690 (-7.7%), from €1.0m to €939,771
of which Financial debts: -€78,690
- Accrued charges and deferred income +€47,300
up €47,300 (+12373.6%), from €382 to €47,683
- Profit (loss) carried forward -€37,428
down €37,428 (-9.6%), from -€390,524 to -€427,952
- Staff costs -€922,155
down €922,155 (-29.5%), from €3.1m to €2.2m
- Gross operating margin -€840,293
down €840,293 (-26.1%), from €3.2m to €2.4m
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 | €2,714,196 | €2,784,082 | +€69,886 | +2.6% |
| Fixed assets | 21/28 | €627,365 | €597,861 | -€29,504 | -4.7% |
| Tangible fixed assets | 22/27 | €620,315 | €590,541 | -€29,774 | -4.8% |
| Plant, machinery and equipment | 23 | €572,507 | €525,225 | -€47,283 | -8.3% |
| Other tangible fixed assets | 26 | €47,807 | €65,316 | +€17,508 | +36.6% |
| Financial fixed assets | 28 | €7,050 | €7,320 | +€270 | +3.8% |
| Current assets | 29/58 | €2,086,832 | €2,186,222 | +€99,390 | +4.8% |
| Stocks and contracts in progress | 3 | €1,129,802 | €1,215,713 | +€85,911 | +7.6% |
| Stocks | 30/36 | €1,129,802 | €1,215,713 | +€85,911 | +7.6% |
| Amounts receivable within one year | 40/41 | €194,145 | €245,506 | +€51,361 | +26.5% |
| Trade receivables | 40 | €75,914 | €123,220 | +€47,305 | +62.3% |
| Other amounts receivable | 41 | €118,231 | €122,287 | +€4,056 | +3.4% |
| Cash at bank and in hand | 54/58 | €750,205 | €704,666 | -€45,540 | -6.1% |
| Deferred charges and accrued income | 490/1 | €12,679 | €20,337 | +€7,658 | +60.4% |
| Total equity and liabilities | 10/49 | €2,714,196 | €2,784,082 | +€69,886 | +2.6% |
| Equity | 10/15 | -€233,995 | -€271,423 | -€37,428 | -16.0% |
| Contributions | 10/11 | €156,529 | €156,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,524 | -€427,952 | -€37,428 | -9.6% |
| Amounts payable | 17/49 | €2,948,191 | €3,055,505 | +€107,314 | +3.6% |
| Amounts payable after more than one year | 17 | €1,018,461 | €939,771 | -€78,690 | -7.7% |
| Financial debts | 170/4 | €518,461 | €439,771 | -€78,690 | -15.2% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,929,348 | €2,068,051 | +€138,703 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €81,169 | €78,690 | -€2,479 | -3.1% |
| Trade debts | 44 | €1,464,315 | €1,695,064 | +€230,749 | +15.8% |
| Suppliers | 440/4 | €1,464,315 | €1,695,064 | +€230,749 | +15.8% |
| Taxes, remuneration and social security | 45 | €383,864 | €294,297 | -€89,567 | -23.3% |
| Taxes | 450/3 | €19,688 | €1,373 | -€18,315 | -93.0% |
| Remuneration and social security | 454/9 | €364,176 | €292,924 | -€71,252 | -19.6% |
| Accrued charges and deferred income | 492/3 | €382 | €47,683 | +€47,300 | +12373.6% |
| Remuneration, social security and pensions | 62 | €3,123,467 | €2,201,312 | -€922,155 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,740 | €72,358 | +€8,618 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,465 | €71,465 | = | 0.0% |
| Other operating charges | 640/8 | €10,283 | €24,094 | +€13,811 | +134.3% |
| Gross operating margin | 9900 | €3,223,416 | €2,383,122 | -€840,293 | -26.1% |
| Operating profit (loss) | 9901 | -€45,538 | €13,894 | +€59,433 | |
| Financial income | 75/76B | €5,351 | €2,196 | -€3,155 | -59.0% |
| Recurring financial income | 75 | €5,351 | €2,196 | -€3,155 | -59.0% |
| Financial charges | 65/66B | €55,730 | €52,603 | -€3,127 | -5.6% |
| Recurring financial charges | 65 | €55,730 | €52,603 | -€3,127 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€95,918 | -€36,513 | +€59,405 | +61.9% |
| Income taxes | 67/77 | €491 | €915 | +€425 | +86.5% |
| Profit (loss) for the period | 9904 | -€96,409 | -€37,428 | +€58,980 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,409 | -€37,428 | +€58,980 | +61.2% |
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 6 October 2026 via checked.be.