POCRA: 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.
What changed
POCRA
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€96,861
2024 · €29,197+€67,664
Equity
€1.5m
2024 · €1.4m+€96,861
Cash
€167,942
2024 · €85,354+€82,587
Balance sheet total
€3.9m
2024 · €3.9m-€19,287
Largest movements
Assets
- Receivables within one year -€87,855
down €87,855 (-23.0%), from €382,357 to €294,503
of which Other amounts receivable: -€51,617
- Cash +€82,587
up €82,587 (+96.8%), from €85,354 to €167,942
mainly Depreciation (+€1.0m) and Debts after one year (+€206,801)
Equity and liabilities
- Short-term financial debts -€483,333
down €483,333 (-96.7%), from €500,000 to €16,667
- Debts after one year +€206,801
up €206,801 (+17.2%), from €1.2m to €1.4m
of which Financial debts: +€213,077
- Current portion of long-term debt +€195,004
up €195,004 (+34.7%), from €561,507 to €756,511
- Trade debts -€168,491
down €168,491 (-76.8%), from €219,385 to €50,894
- Tax, wage and social debts +€121,257
up €121,257 (+332%), from €36,478 to €157,736
of which Taxes: +€129,461
Income statement
- Gross operating margin +€419,901
up €419,901 (+35.9%), from €1.2m to €1.6m
- Taxes +€219,865
new in 2025: €219,865
- Depreciation +€157,323
up €157,323 (+18.0%), from €875,730 to €1.0m
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.
Result 2024
€29,197
Gross operating margin
+€419,901
Staff costs
+€11,729
Depreciation
-€157,323
Write-downs
+€8,414
Other operating charges
+€2,399
Financial income
-€159
Financial charges
+€2,569
Taxes
-€219,865
Result 2025
€96,861
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€1.0m
Financing
-€81,528
Cash 2024
€85,354
From operations (derived)
+€1.2m
Net result for the year
+€96,861
Depreciation
+€1.0m
Stocks and contracts
-€9,587
Receivables within one year
+€87,855
Deferred charges and accrued income
+€13,530
Trade debts
-€168,491
Tax, wage and social debts
+€121,257
Smaller working-capital items
-€331
Other debts
+€12,946
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€81,528
Debts after one year
+€206,801
Current portion of long-term debt
+€195,004
Short-term financial debts
-€483,333
Cash 2025
€167,942
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,946,345 | €3,927,058 | -€19,287 | -0.5% |
| Fixed assets | 21/28 | €3,425,268 | €3,415,192 | -€10,076 | -0.3% |
| Tangible fixed assets | 22/27 | €3,425,268 | €3,415,192 | -€10,076 | -0.3% |
| Plant, machinery and equipment | 23 | €1,593,173 | €1,817,910 | +€224,737 | +14.1% |
| Furniture and vehicles | 24 | €38,604 | €74,747 | +€36,143 | +93.6% |
| Leasing and similar rights | 25 | €1,785,247 | €1,507,888 | -€277,358 | -15.5% |
| Other tangible fixed assets | 26 | €8,244 | €14,647 | +€6,404 | +77.7% |
| Current assets | 29/58 | €521,077 | €511,866 | -€9,211 | -1.8% |
| Stocks and contracts in progress | 3 | €25,037 | €34,624 | +€9,587 | +38.3% |
| Stocks | 30/36 | €25,037 | €34,624 | +€9,587 | +38.3% |
| Amounts receivable within one year | 40/41 | €382,357 | €294,503 | -€87,855 | -23.0% |
| Trade receivables | 40 | €307,357 | €271,120 | -€36,237 | -11.8% |
| Other amounts receivable | 41 | €75,000 | €23,383 | -€51,617 | -68.8% |
| Cash at bank and in hand | 54/58 | €85,354 | €167,942 | +€82,587 | +96.8% |
| Deferred charges and accrued income | 490/1 | €28,328 | €14,798 | -€13,530 | -47.8% |
| Total equity and liabilities | 10/49 | €3,946,345 | €3,927,058 | -€19,287 | -0.5% |
| Equity | 10/15 | €1,407,429 | €1,504,290 | +€96,861 | +6.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,007,429 | €1,104,290 | +€96,861 | +9.6% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €967,429 | €1,064,290 | +€96,861 | +10.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,538,916 | €2,422,768 | -€116,148 | -4.6% |
| Amounts payable after more than one year | 17 | €1,202,626 | €1,409,427 | +€206,801 | +17.2% |
| Financial debts | 170/4 | €946,351 | €1,159,427 | +€213,077 | +22.5% |
| Other amounts payable | 178/9 | €256,275 | €250,000 | -€6,275 | -2.4% |
| Amounts payable within one year | 42/48 | €1,319,245 | €995,623 | -€323,622 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €561,507 | €756,511 | +€195,004 | +34.7% |
| Financial debts | 43 | €500,000 | €16,667 | -€483,333 | -96.7% |
| Credit institutions | 430/8 | €500,000 | €16,667 | -€483,333 | -96.7% |
| Trade debts | 44 | €219,385 | €50,894 | -€168,491 | -76.8% |
| Suppliers | 440/4 | €219,385 | €50,894 | -€168,491 | -76.8% |
| Advances received on contracts in progress | 46 | €1,005 | €0 | -€1,005 | -100% |
| Taxes, remuneration and social security | 45 | €36,478 | €157,736 | +€121,257 | +332% |
| Taxes | 450/3 | €14,864 | €144,325 | +€129,461 | +871% |
| Remuneration and social security | 454/9 | €21,614 | €13,411 | -€8,204 | -38.0% |
| Other amounts payable | 47/48 | €869 | €13,815 | +€12,946 | +1,489% |
| Accrued charges and deferred income | 492/3 | €17,045 | €17,719 | +€673 | +3.9% |
| Remuneration, social security and pensions | 62 | €143,594 | €131,866 | -€11,729 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875,730 | €1,033,053 | +€157,323 | +18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,184 | €14,770 | -€8,414 | -36.3% |
| Other operating charges | 640/8 | €4,251 | €1,853 | -€2,399 | -56.4% |
| Gross operating margin | 9900 | €1,169,951 | €1,589,852 | +€419,901 | +35.9% |
| Operating profit (loss) | 9901 | €123,191 | €408,311 | +€285,119 | +231% |
| Financial income | 75/76B | €159 | €0 | -€159 | -100% |
| Recurring financial income | 75 | €159 | €0 | -€159 | -100% |
| Financial charges | 65/66B | €94,153 | €91,584 | -€2,569 | -2.7% |
| Recurring financial charges | 65 | €94,153 | €91,584 | -€2,569 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €29,197 | €316,727 | +€287,529 | +985% |
| Income taxes | 67/77 | - | €219,865 | +€219,865 | |
| Profit (loss) for the period | 9904 | €29,197 | €96,861 | +€67,664 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €29,197 | €96,861 | +€67,664 | +232% |
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 25 October 2026 via checked.be.