PODECO: 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.
What changed
PODECO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€24,597
2024 · -€24,541-€56
Equity
€1.8m
2024 · €1.8m-€24,597
Cash
€197,600
2024 · €171,801+€25,799
Balance sheet total
€1.9m
2024 · €1.9m-€36,257
Largest movements
Assets
- Tangible fixed assets -€55,853
down €55,853 (-6.2%), from €901,837 to €845,984
of which Land and buildings: -€53,187
- Cash +€25,799
up €25,799 (+15.0%), from €171,801 to €197,600
mainly Depreciation (+€58,469) and Receivables within one year (+€8,566)
Equity and liabilities
- Reserves -€24,597
down €24,597 (-1.4%), from €1.8m to €1.7m
of which Distributable reserves: -€21,382
Income statement
- Financial income -€6,152
down €6,152 (-13.7%), from €44,875 to €38,724
- Other operating charges -€4,551
down €4,551 (-35.4%), from €12,867 to €8,317
- Gross operating margin +€1,571
up €1,571 (+67.3%), from €2,334 to €3,905
- Financial charges -€534
down €534 (-23.4%), from €2,276 to €1,743
- Depreciation +€523
up €523 (+0.9%), from €57,945 to €58,469
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
-€24,541
Gross operating margin
+€1,571
Depreciation
-€523
Other operating charges
+€4,551
Financial income
-€6,152
Financial charges
+€534
Taxes
-€37
Result 2025
-€24,597
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.
From operations
+€41,123
Investment
-€2,615
Financing
-€12,708
Cash 2024
€171,801
From operations (derived)
+€41,123
Net result for the year
-€24,597
Depreciation
+€58,469
Receivables within one year
+€8,566
Deferred charges and accrued income
-€2,363
Provisions
-€1,656
Trade debts
-€539
Other debts
+€3,508
Accrued charges and deferred income
-€265
Investment (derived)
-€2,615
Investment in fixed assets (net)
-€2,615
Financing
-€12,708
Debts after one year
-€13,253
Current portion of long-term debt
+€166
Short-term financial debts
+€379
Cash 2025
€197,600
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,901,026 | €1,864,768 | -€36,257 | -1.9% |
| Fixed assets | 21/28 | €1,401,837 | €1,345,984 | -€55,853 | -4.0% |
| Tangible fixed assets | 22/27 | €901,837 | €845,984 | -€55,853 | -6.2% |
| Land and buildings | 22 | €891,661 | €838,474 | -€53,187 | -6.0% |
| Plant, machinery and equipment | 23 | €5,191 | €4,255 | -€937 | -18.0% |
| Furniture and vehicles | 24 | €4,985 | €3,255 | -€1,730 | -34.7% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €499,188 | €518,784 | +€19,596 | +3.9% |
| Amounts receivable within one year | 40/41 | €319,394 | €310,828 | -€8,566 | -2.7% |
| Trade receivables | 40 | €726 | €3,271 | +€2,545 | +350.8% |
| Other amounts receivable | 41 | €318,668 | €307,557 | -€11,111 | -3.5% |
| Cash at bank and in hand | 54/58 | €171,801 | €197,600 | +€25,799 | +15.0% |
| Deferred charges and accrued income | 490/1 | €7,994 | €10,357 | +€2,363 | +29.6% |
| Total equity and liabilities | 10/49 | €1,901,026 | €1,864,768 | -€36,257 | -1.9% |
| Equity | 10/15 | €1,815,108 | €1,790,511 | -€24,597 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,753,108 | €1,728,511 | -€24,597 | -1.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,568 | €51,353 | -€3,215 | -5.9% |
| Distributable reserves | 133 | €1,692,340 | €1,670,959 | -€21,382 | -1.3% |
| Provisions and deferred taxes | 16 | €6,773 | €5,117 | -€1,656 | -24.4% |
| Deferred taxes | 168 | €6,773 | €5,117 | -€1,656 | -24.4% |
| Amounts payable | 17/49 | €79,145 | €69,140 | -€10,005 | -12.6% |
| Amounts payable after more than one year | 17 | €52,875 | €39,622 | -€13,253 | -25.1% |
| Financial debts | 170/4 | €52,875 | €39,622 | -€13,253 | -25.1% |
| Amounts payable within one year | 42/48 | €25,010 | €28,524 | +€3,514 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,087 | €13,253 | +€166 | +1.3% |
| Financial debts | 43 | €69 | €448 | +€379 | +549.3% |
| Credit institutions | 430/8 | €69 | €448 | +€379 | +549.3% |
| Trade debts | 44 | €5,433 | €4,894 | -€539 | -9.9% |
| Suppliers | 440/4 | €5,433 | €4,894 | -€539 | -9.9% |
| Taxes, remuneration and social security | 45 | €750 | €750 | = | 0.0% |
| Taxes | 450/3 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €5,671 | €9,179 | +€3,508 | +61.9% |
| Accrued charges and deferred income | 492/3 | €1,260 | €995 | -€265 | -21.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,945 | €58,469 | +€523 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,867 | €8,317 | -€4,551 | -35.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,334 | €3,905 | +€1,571 | +67.3% |
| Operating profit (loss) | 9901 | -€68,479 | -€62,880 | +€5,598 | +8.2% |
| Financial income | 75/76B | €44,875 | €38,724 | -€6,152 | -13.7% |
| Recurring financial income | 75 | €44,875 | €38,724 | -€6,152 | -13.7% |
| Financial charges | 65/66B | €2,276 | €1,743 | -€534 | -23.4% |
| Recurring financial charges | 65 | €2,276 | €1,743 | -€534 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,880 | -€25,900 | -€20 | -0.1% |
| Transfer from deferred taxes | 780 | €1,656 | €1,656 | = | 0.0% |
| Income taxes | 67/77 | €316 | €353 | +€37 | +11.6% |
| Profit (loss) for the period | 9904 | -€24,541 | -€24,597 | -€56 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €3,215 | €3,215 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,325 | -€21,382 | -€56 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.