PODEC: 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.
PODEC
Largest movements
- Receivables within one year +€70,613
up €70,613 (+57.4%), from €123,119 to €193,732
of which Trade receivables: +€70,613
- Tangible fixed assets +€49,821
new in 2025: €49,821
- Cash +€13,138
up €13,138 (+52.8%), from €24,862 to €38,000
mainly Net result for the year (+€101,244) and Other debts (+€96,003)
- Other debts +€96,003
up €96,003 (+2,402%), from €3,998 to €100,000
- Debts after one year +€30,736
up €30,736 (+7.0%), from €440,491 to €471,228
of which Other amounts payable: +€52,161
- Taxes -€9,986
down €9,986 (-22.7%), from €43,924 to €33,938
- Gross operating margin +€8,291
up €8,291 (+6.2%), from €133,705 to €141,997
- Financial income -€5,597
down €5,597 (-100%), from €5,597 to €0
- Depreciation +€3,635
new in 2025: €3,635
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 | €747,981 | €883,462 | +€135,480 | +18.1% |
| Fixed assets | 21/28 | €600,000 | €649,821 | +€49,821 | +8.3% |
| Tangible fixed assets | 22/27 | - | €49,821 | +€49,821 | |
| Furniture and vehicles | 24 | - | €49,821 | +€49,821 | |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €147,981 | €233,640 | +€85,659 | +57.9% |
| Amounts receivable within one year | 40/41 | €123,119 | €193,732 | +€70,613 | +57.4% |
| Trade receivables | 40 | €123,115 | €193,728 | +€70,613 | +57.4% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,862 | €38,000 | +€13,138 | +52.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,908 | +€1,908 | |
| Total equity and liabilities | 10/49 | €747,981 | €883,462 | +€135,480 | +18.1% |
| Equity | 10/15 | €191,737 | €192,981 | +€1,244 | +0.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €189,737 | €190,981 | +€1,244 | +0.7% |
| Distributable reserves | 133 | €189,737 | €190,981 | +€1,244 | +0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €556,245 | €690,481 | +€134,236 | +24.1% |
| Amounts payable after more than one year | 17 | €440,491 | €471,228 | +€30,736 | +7.0% |
| Financial debts | 170/4 | €440,491 | €419,067 | -€21,424 | -4.9% |
| Other amounts payable | 178/9 | - | €52,161 | +€52,161 | |
| Amounts payable within one year | 42/48 | €115,360 | €218,911 | +€103,550 | +89.8% |
| Current portion of amounts payable after more than one year | 42 | €21,212 | €21,424 | +€212 | +1.0% |
| Trade debts | 44 | €919 | €90 | -€829 | -90.2% |
| Suppliers | 440/4 | €919 | €90 | -€829 | -90.2% |
| Taxes, remuneration and social security | 45 | €89,232 | €97,396 | +€8,165 | +9.1% |
| Taxes | 450/3 | €89,232 | €94,646 | +€5,415 | +6.1% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Other amounts payable | 47/48 | €3,998 | €100,000 | +€96,003 | +2,402% |
| Accrued charges and deferred income | 492/3 | €393 | €343 | -€50 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,635 | +€3,635 | |
| Other operating charges | 640/8 | €126 | €667 | +€541 | +429% |
| Gross operating margin | 9900 | €133,705 | €141,997 | +€8,291 | +6.2% |
| Operating profit (loss) | 9901 | €133,579 | €137,695 | +€4,116 | +3.1% |
| Financial income | 75/76B | €5,597 | €0 | -€5,597 | -100% |
| Recurring financial income | 75 | €5,597 | €0 | -€5,597 | -100% |
| Financial charges | 65/66B | €1,342 | €2,513 | +€1,171 | +87.2% |
| Recurring financial charges | 65 | €1,342 | €2,513 | +€1,171 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €137,834 | €135,182 | -€2,652 | -1.9% |
| Income taxes | 67/77 | €43,924 | €33,938 | -€9,986 | -22.7% |
| Profit (loss) for the period | 9904 | €93,910 | €101,244 | +€7,334 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,910 | €101,244 | +€7,334 | +7.8% |
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 17 October 2026 via checked.be.