POELTECH: what changed
POELTECH
Largest movements
- Receivables within one year -€9,124
down €9,124 (-46.1%), from €19,791 to €10,667
of which Trade receivables: -€8,359
- Tangible fixed assets -€7,613
down €7,613 (-20.7%), from €36,771 to €29,158
of which Furniture and vehicles: -€8,980
- Cash -€2,644
down €2,644 (-89.2%), from €2,964 to €320
mainly Trade debts (-€10,074) and Tax, wage and social debts (-€3,284)
- Trade debts -€10,074
down €10,074 (-44.7%), from €22,514 to €12,440
- Tax, wage and social debts -€3,284
down €3,284 (-53.4%), from €6,149 to €2,865
- Other debts -€3,026
down €3,026 (-69.6%), from €4,347 to €1,321
- Advances received -€2,841
no longer reported in 2025 (was €2,841)
- Gross operating margin +€3,670
up €3,670 (+41.6%), from €8,825 to €12,495
- Depreciation +€2,023
up €2,023 (+24.9%), from €8,115 to €10,138
- Taxes +€1,969
up €1,969 (+822%), from €240 to €2,209
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,527 | €40,145 | -€19,381 | -32.6% |
| Fixed assets | 21/28 | €36,771 | €29,158 | -€7,613 | -20.7% |
| Tangible fixed assets | 22/27 | €36,771 | €29,158 | -€7,613 | -20.7% |
| Plant, machinery and equipment | 23 | €3,035 | €4,401 | +€1,367 | +45.0% |
| Furniture and vehicles | 24 | €33,737 | €24,757 | -€8,980 | -26.6% |
| Current assets | 29/58 | €22,755 | €10,987 | -€11,768 | -51.7% |
| Amounts receivable within one year | 40/41 | €19,791 | €10,667 | -€9,124 | -46.1% |
| Trade receivables | 40 | €18,731 | €10,372 | -€8,359 | -44.6% |
| Other amounts receivable | 41 | €1,060 | €295 | -€765 | -72.2% |
| Cash at bank and in hand | 54/58 | €2,964 | €320 | -€2,644 | -89.2% |
| Total equity and liabilities | 10/49 | €59,527 | €40,145 | -€19,381 | -32.6% |
| Equity | 10/15 | €23,676 | €23,457 | -€219 | -0.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,176 | €21,957 | -€219 | -1.0% |
| Amounts payable | 17/49 | €35,851 | €16,688 | -€19,162 | -53.5% |
| Amounts payable within one year | 42/48 | €35,851 | €16,626 | -€19,224 | -53.6% |
| Trade debts | 44 | €22,514 | €12,440 | -€10,074 | -44.7% |
| Suppliers | 440/4 | €22,514 | €12,440 | -€10,074 | -44.7% |
| Advances received on contracts in progress | 46 | €2,841 | - | -€2,841 | |
| Taxes, remuneration and social security | 45 | €6,149 | €2,865 | -€3,284 | -53.4% |
| Taxes | 450/3 | €6,149 | €2,865 | -€3,284 | -53.4% |
| Other amounts payable | 47/48 | €4,347 | €1,321 | -€3,026 | -69.6% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,115 | €10,138 | +€2,023 | +24.9% |
| Other operating charges | 640/8 | €124 | €112 | -€12 | -9.7% |
| Gross operating margin | 9900 | €8,825 | €12,495 | +€3,670 | +41.6% |
| Operating profit (loss) | 9901 | €586 | €2,245 | +€1,659 | +283% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €153 | €255 | +€102 | +66.9% |
| Recurring financial charges | 65 | €153 | €255 | +€102 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €433 | €1,990 | +€1,557 | +360% |
| Income taxes | 67/77 | €240 | €2,209 | +€1,969 | +822% |
| Profit (loss) for the period | 9904 | €193 | -€219 | -€412 | |
| Profit (loss) for the period to be appropriated | 9905 | €193 | -€219 | -€412 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.