Poema: 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.
Poema
Largest movements
- Tangible fixed assets -€101,267
down €101,267 (-10.7%), from €942,541 to €841,274
of which Land and buildings: -€65,792
- Cash +€38,314
up €38,314 (+57.4%), from €66,693 to €105,006
mainly Debts after one year (+€852,603) and Depreciation (+€101,267)
- Other debts -€859,945
down €859,945 (-99.8%), from €862,026 to €2,081
- Debts after one year +€852,603
new in 2025: €852,603
- Profit (loss) carried forward -€44,278
new in 2025: -€44,278
- Reserves -€12,392
down €12,392 (-12.2%), from €101,487 to €89,095
of which Distributable reserves: -€12,392
- Gross operating margin -€6,796
down €6,796 (-10.4%), from €65,593 to €58,797
- Depreciation -€2,554
down €2,554 (-2.5%), from €103,821 to €101,267
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 | €1,025,613 | €961,863 | -€63,750 | -6.2% |
| Fixed assets | 21/28 | €942,541 | €841,274 | -€101,267 | -10.7% |
| Tangible fixed assets | 22/27 | €942,541 | €841,274 | -€101,267 | -10.7% |
| Land and buildings | 22 | €841,592 | €775,799 | -€65,792 | -7.8% |
| Plant, machinery and equipment | 23 | €3,485 | €1,896 | -€1,589 | -45.6% |
| Furniture and vehicles | 24 | €79,845 | €50,689 | -€29,156 | -36.5% |
| Other tangible fixed assets | 26 | €17,619 | €12,889 | -€4,729 | -26.8% |
| Current assets | 29/58 | €83,072 | €120,589 | +€37,517 | +45.2% |
| Amounts receivable within one year | 40/41 | €15,085 | €14,196 | -€890 | -5.9% |
| Other amounts receivable | 41 | €15,085 | €14,196 | -€890 | -5.9% |
| Cash at bank and in hand | 54/58 | €66,693 | €105,006 | +€38,314 | +57.4% |
| Deferred charges and accrued income | 490/1 | €1,294 | €1,387 | +€93 | +7.2% |
| Total equity and liabilities | 10/49 | €1,025,613 | €961,863 | -€63,750 | -6.2% |
| Equity | 10/15 | €163,487 | €106,817 | -€56,670 | -34.7% |
| 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 | €101,487 | €89,095 | -€12,392 | -12.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €95,287 | €82,895 | -€12,392 | -13.0% |
| Profit (loss) carried forward | 14 | - | -€44,278 | -€44,278 | |
| Amounts payable | 17/49 | €862,126 | €855,046 | -€7,080 | -0.8% |
| Amounts payable after more than one year | 17 | - | €852,603 | +€852,603 | |
| Other amounts payable | 178/9 | - | €852,603 | +€852,603 | |
| Amounts payable within one year | 42/48 | €862,126 | €2,443 | -€859,682 | -99.7% |
| Trade debts | 44 | €100 | €363 | +€263 | +263% |
| Suppliers | 440/4 | €100 | €363 | +€263 | +263% |
| Other amounts payable | 47/48 | €862,026 | €2,081 | -€859,945 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,821 | €101,267 | -€2,554 | -2.5% |
| Other operating charges | 640/8 | €13,775 | €14,057 | +€281 | +2.0% |
| Gross operating margin | 9900 | €65,593 | €58,797 | -€6,796 | -10.4% |
| Operating profit (loss) | 9901 | -€52,003 | -€56,526 | -€4,524 | -8.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €142 | €144 | +€2 | +1.2% |
| Recurring financial charges | 65 | €142 | €144 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,142 | -€56,670 | -€4,528 | -8.7% |
| Profit (loss) for the period | 9904 | -€52,142 | -€56,670 | -€4,528 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,142 | -€56,670 | -€4,528 | -8.7% |
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 27 October 2026 via checked.be.