POELS & CO: 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.
POELS & CO
Largest movements
- Cash -€78,712
down €78,712 (-96.1%), from €81,946 to €3,234
mainly Net result for the year (-€70,111) and Trade debts (-€9,012)
- Tangible fixed assets -€5,678
down €5,678 (-25.7%), from €22,050 to €16,372
of which Other tangible fixed assets: -€3,630
- Deferred charges and accrued income -€1,663
no longer reported in 2026 (was €1,663)
- Profit (loss) carried forward -€92,838
down €92,838 (-93.5%), from €99,335 to €6,497
- Reserves +€22,727
up €22,727 (+53.2%), from €42,727 to €65,455
- Trade debts -€9,012
no longer reported in 2026 (was €9,012)
- Tax, wage and social debts -€8,164
no longer reported in 2026 (was €8,164)
- Gross operating margin -€101,993
down €101,993, from €39,909 to -€62,084
- Taxes -€10,747
down €10,747, from €10,746 to -€1
- Financial income -€1,333
down €1,333 (-83.3%), from €1,600 to €267
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,237 | €76,951 | -€87,286 | -53.1% |
| Fixed assets | 21/28 | €22,090 | €16,412 | -€5,678 | -25.7% |
| Tangible fixed assets | 22/27 | €22,050 | €16,372 | -€5,678 | -25.7% |
| Plant, machinery and equipment | 23 | €2,089 | €1,849 | -€241 | -11.5% |
| Furniture and vehicles | 24 | €6,044 | €4,238 | -€1,807 | -29.9% |
| Other tangible fixed assets | 26 | €13,916 | €10,286 | -€3,630 | -26.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €142,147 | €60,539 | -€81,608 | -57.4% |
| Amounts receivable within one year | 40/41 | €58,539 | €57,305 | -€1,234 | -2.1% |
| Trade receivables | 40 | €18,273 | €4,538 | -€13,735 | -75.2% |
| Other amounts receivable | 41 | €40,266 | €52,768 | +€12,502 | +31.0% |
| Cash at bank and in hand | 54/58 | €81,946 | €3,234 | -€78,712 | -96.1% |
| Deferred charges and accrued income | 490/1 | €1,663 | - | -€1,663 | |
| Total equity and liabilities | 10/49 | €164,237 | €76,951 | -€87,286 | -53.1% |
| Equity | 10/15 | €147,062 | €76,951 | -€70,111 | -47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,727 | €65,455 | +€22,727 | +53.2% |
| Distributable reserves | 133 | €42,727 | €65,455 | +€22,727 | +53.2% |
| Profit (loss) carried forward | 14 | €99,335 | €6,497 | -€92,838 | -93.5% |
| Amounts payable | 17/49 | €17,175 | - | -€17,175 | |
| Amounts payable within one year | 42/48 | €17,175 | - | -€17,175 | |
| Trade debts | 44 | €9,012 | - | -€9,012 | |
| Suppliers | 440/4 | €9,012 | - | -€9,012 | |
| Taxes, remuneration and social security | 45 | €8,164 | - | -€8,164 | |
| Taxes | 450/3 | €8,164 | - | -€8,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,959 | €6,042 | +€83 | +1.4% |
| Other operating charges | 640/8 | €1,105 | €1,263 | +€158 | +14.3% |
| Gross operating margin | 9900 | €39,909 | -€62,084 | -€101,993 | |
| Operating profit (loss) | 9901 | €32,845 | -€69,389 | -€102,234 | |
| Financial income | 75/76B | €1,600 | €267 | -€1,333 | -83.3% |
| Recurring financial income | 75 | €1,600 | €267 | -€1,333 | -83.3% |
| Financial charges | 65/66B | €949 | €991 | +€41 | +4.3% |
| Recurring financial charges | 65 | €949 | €991 | +€41 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €33,496 | -€70,112 | -€103,608 | |
| Income taxes | 67/77 | €10,746 | -€1 | -€10,747 | |
| Profit (loss) for the period | 9904 | €22,750 | -€70,111 | -€92,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,750 | -€70,111 | -€92,861 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.