POELS TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€26,978
up €26,978 (+174%), from €15,489 to €42,467
of which Other amounts receivable: +€28,385
- Cash +€24,952
up €24,952 (+109%), from €22,844 to €47,796
mainly Net result for the year (+€19,151) and Depreciation (+€19,081)
- Tangible fixed assets -€18,620
down €18,620 (-12.2%), from €153,037 to €134,417
of which Land and buildings: -€16,831
- Stocks and contracts -€10,152
down €10,152 (-69.3%), from €14,652 to €4,500
- Reserves -€22,000
down €22,000 (-73.3%), from €30,000 to €8,000
- Profit (loss) carried forward +€19,151
up €19,151, from -€12,763 to €6,388
- Other debts +€18,583
up €18,583 (+131%), from €14,232 to €32,815
- Trade debts +€9,937
up €9,937 (+3,438%), from €289 to €10,226
- Debts after one year -€7,619
down €7,619 (-4.8%), from €158,051 to €150,432
- Gross operating margin +€23,815
up €23,815 (+88.8%), from €26,824 to €50,639
- Staff costs -€10,630
down €10,630 (-93.0%), from €11,426 to €796
- Taxes +€1,600
new in 2025: €1,600
- Financial charges +€808
up €808 (+9.0%), from €8,938 to €9,746
- Depreciation +€643
up €643 (+3.5%), from €18,438 to €19,081
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 | €208,032 | €229,481 | +€21,449 | +10.3% |
| Formation expenses | 20 | €537 | €74 | -€463 | -86.2% |
| Fixed assets | 21/28 | €153,237 | €134,617 | -€18,620 | -12.2% |
| Tangible fixed assets | 22/27 | €153,037 | €134,417 | -€18,620 | -12.2% |
| Land and buildings | 22 | €146,250 | €129,419 | -€16,831 | -11.5% |
| Plant, machinery and equipment | 23 | €975 | €558 | -€417 | -42.8% |
| Furniture and vehicles | 24 | €5,812 | €4,440 | -€1,372 | -23.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €54,258 | €94,790 | +€40,532 | +74.7% |
| Stocks and contracts in progress | 3 | €14,652 | €4,500 | -€10,152 | -69.3% |
| Stocks | 30/36 | €14,652 | €4,500 | -€10,152 | -69.3% |
| Amounts receivable within one year | 40/41 | €15,489 | €42,467 | +€26,978 | +174% |
| Trade receivables | 40 | €5,489 | €4,082 | -€1,407 | -25.6% |
| Other amounts receivable | 41 | €10,000 | €38,385 | +€28,385 | +284% |
| Cash at bank and in hand | 54/58 | €22,844 | €47,796 | +€24,952 | +109% |
| Deferred charges and accrued income | 490/1 | €1,273 | €27 | -€1,246 | -97.9% |
| Total equity and liabilities | 10/49 | €208,032 | €229,481 | +€21,449 | +10.3% |
| Equity | 10/15 | €27,237 | €24,388 | -€2,849 | -10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €8,000 | -€22,000 | -73.3% |
| Distributable reserves | 133 | €30,000 | €8,000 | -€22,000 | -73.3% |
| Profit (loss) carried forward | 14 | -€12,763 | €6,388 | +€19,151 | |
| Amounts payable | 17/49 | €180,795 | €205,093 | +€24,298 | +13.4% |
| Amounts payable after more than one year | 17 | €158,051 | €150,432 | -€7,619 | -4.8% |
| Financial debts | 170/4 | €158,051 | €150,432 | -€7,619 | -4.8% |
| Amounts payable within one year | 42/48 | €22,744 | €54,661 | +€31,917 | +140% |
| Current portion of amounts payable after more than one year | 42 | €7,257 | €7,619 | +€362 | +5.0% |
| Trade debts | 44 | €289 | €10,226 | +€9,937 | +3,438% |
| Suppliers | 440/4 | €289 | €10,226 | +€9,937 | +3,438% |
| Taxes, remuneration and social security | 45 | €966 | €4,001 | +€3,035 | +314% |
| Taxes | 450/3 | €966 | €4,001 | +€3,035 | +314% |
| Other amounts payable | 47/48 | €14,232 | €32,815 | +€18,583 | +131% |
| Remuneration, social security and pensions | 62 | €11,426 | €796 | -€10,630 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,438 | €19,081 | +€643 | +3.5% |
| Other operating charges | 640/8 | €757 | €200 | -€557 | -73.6% |
| Non-recurring operating charges | 66A | €626 | €65 | -€561 | -89.6% |
| Gross operating margin | 9900 | €26,824 | €50,639 | +€23,815 | +88.8% |
| Operating profit (loss) | 9901 | -€4,423 | €30,497 | +€34,920 | |
| Financial income | 75/76B | €215 | - | -€215 | |
| Recurring financial income | 75 | €215 | - | -€215 | |
| Financial charges | 65/66B | €8,938 | €9,746 | +€808 | +9.0% |
| Recurring financial charges | 65 | €8,938 | €9,746 | +€808 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,146 | €20,751 | +€33,897 | |
| Income taxes | 67/77 | - | €1,600 | +€1,600 | |
| Profit (loss) for the period | 9904 | -€13,146 | €19,151 | +€32,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,146 | €19,151 | +€32,297 |
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 21 October 2026 via checked.be.