PODKIN: 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.
PODKIN
Largest movements
- Current investments +€13,318
up €13,318 (+19.7%), from €67,647 to €80,964
- Receivables within one year +€7,885
up €7,885 (+23.8%), from €33,116 to €41,001
of which Trade receivables: +€6,892
- Tangible fixed assets -€7,428
down €7,428 (-4.7%), from €158,475 to €151,047
of which Other tangible fixed assets: -€8,226
- Deferred charges and accrued income -€4,091
down €4,091 (-32.9%), from €12,450 to €8,359
- Cash +€3,937
up €3,937 (+3.9%), from €100,999 to €104,936
mainly Net result for the year (+€55,088) and Other debts (+€46,390)
- Other debts +€46,390
up €46,390 (+141.1%), from €32,876 to €79,266
- Debts after one year -€20,140
down €20,140 (-37.6%), from €53,608 to €33,468
- Tax, wage and social debts -€4,289
down €4,289 (-35.1%), from €12,205 to €7,916
- Financial income -€7,574
down €7,574 (-82.9%), from €9,139 to €1,565
- Gross operating margin +€5,896
up €5,896 (+5.9%), from €99,243 to €105,139
- Depreciation -€3,084
down €3,084 (-13.6%), from €22,593 to €19,509
- Financial charges -€2,904
down €2,904 (-36.4%), from €7,984 to €5,081
of which Financial charges: -€2,625
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 | €373,046 | €386,438 | +€13,392 | +3.6% |
| Fixed assets | 21/28 | €158,834 | €151,177 | -€7,657 | -4.8% |
| Intangible fixed assets | 21 | €359 | €131 | -€228 | -63.6% |
| Tangible fixed assets | 22/27 | €158,475 | €151,047 | -€7,428 | -4.7% |
| Plant, machinery and equipment | 23 | €15,682 | €14,356 | -€1,326 | -8.5% |
| Furniture and vehicles | 24 | €4,509 | €6,632 | +€2,124 | +47.1% |
| Other tangible fixed assets | 26 | €138,284 | €130,058 | -€8,226 | -5.9% |
| Current assets | 29/58 | €214,212 | €235,261 | +€21,049 | +9.8% |
| Amounts receivable within one year | 40/41 | €33,116 | €41,001 | +€7,885 | +23.8% |
| Trade receivables | 40 | €33,116 | €40,008 | +€6,892 | +20.8% |
| Other amounts receivable | 41 | - | €993 | +€993 | |
| Current investments | 50/53 | €67,647 | €80,964 | +€13,318 | +19.7% |
| Cash at bank and in hand | 54/58 | €100,999 | €104,936 | +€3,937 | +3.9% |
| Deferred charges and accrued income | 490/1 | €12,450 | €8,359 | -€4,091 | -32.9% |
| Total equity and liabilities | 10/49 | €373,046 | €386,438 | +€13,392 | +3.6% |
| Equity | 10/15 | €238,881 | €237,908 | -€974 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €232,681 | €231,708 | -€974 | -0.4% |
| Tax-exempt reserves | 132 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €200,681 | €199,708 | -€974 | -0.5% |
| Amounts payable | 17/49 | €134,164 | €148,530 | +€14,366 | +10.7% |
| Amounts payable after more than one year | 17 | €53,608 | €33,468 | -€20,140 | -37.6% |
| Financial debts | 170/4 | €53,608 | €33,468 | -€20,140 | -37.6% |
| Amounts payable within one year | 42/48 | €76,195 | €110,486 | +€34,291 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €22,224 | €20,140 | -€2,084 | -9.4% |
| Financial debts | 43 | €646 | - | -€646 | |
| Credit institutions | 430/8 | €646 | - | -€646 | |
| Trade debts | 44 | €4,897 | €3,164 | -€1,733 | -35.4% |
| Suppliers | 440/4 | €4,897 | €3,164 | -€1,733 | -35.4% |
| Advances received on contracts in progress | 46 | €3,347 | - | -€3,347 | |
| Taxes, remuneration and social security | 45 | €12,205 | €7,916 | -€4,289 | -35.1% |
| Taxes | 450/3 | €12,205 | €7,916 | -€4,289 | -35.1% |
| Other amounts payable | 47/48 | €32,876 | €79,266 | +€46,390 | +141.1% |
| Accrued charges and deferred income | 492/3 | €4,362 | €4,577 | +€215 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,593 | €19,509 | -€3,084 | -13.6% |
| Other operating charges | 640/8 | €2,552 | €2,465 | -€87 | -3.4% |
| Non-recurring operating charges | 66A | - | €2,421 | +€2,421 | |
| Gross operating margin | 9900 | €99,243 | €105,139 | +€5,896 | +5.9% |
| Operating profit (loss) | 9901 | €74,098 | €80,744 | +€6,646 | +9.0% |
| Financial income | 75/76B | €9,139 | €1,565 | -€7,574 | -82.9% |
| Recurring financial income | 75 | €9,139 | €1,565 | -€7,574 | -82.9% |
| Financial charges | 65/66B | €7,984 | €5,081 | -€2,904 | -36.4% |
| Recurring financial charges | 65 | €7,706 | €5,081 | -€2,625 | -34.1% |
| Non-recurring financial charges | 66B | €279 | - | -€279 | |
| Profit (loss) for the period before taxes | 9903 | €75,253 | €77,228 | +€1,975 | +2.6% |
| Income taxes | 67/77 | €21,797 | €22,140 | +€343 | +1.6% |
| Profit (loss) for the period | 9904 | €53,456 | €55,088 | +€1,633 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,456 | €55,088 | +€1,633 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.