POEMART: 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.
What changed
POEMART
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,806
2024 · €50,773+€18,033
Equity
€2.4m
2024 · €2.8m-€328,834
Cash
€542,702
2024 · €541,832+€870
Balance sheet total
€2.9m
2024 · €2.9m+€67,902
Largest movements
Assets
- Current investments +€116,122
up €116,122 (+12.9%), from €900,539 to €1.0m
- Tangible fixed assets -€62,162
down €62,162 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€61,800
Equity and liabilities
- Other debts +€377,759
up €377,759 (+463%), from €81,549 to €459,308
- Reserves -€328,834
down €328,834 (-41.2%), from €797,847 to €469,013
of which Distributable reserves: -€328,834
Income statement
- Gross operating margin +€27,101
up €27,101 (+19.8%), from €136,667 to €163,768
- Taxes +€12,597
up €12,597 (+57.2%), from €22,025 to €34,622
- Financial income +€2,820
up €2,820 (+17.5%), from €16,123 to €18,943
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.
Result 2024
€50,773
Gross operating margin
+€27,101
Staff costs
-€108
Depreciation
+€1,245
Other operating charges
+€69
Other operating items
+€314
Financial income
+€2,820
Financial charges
+€6
Taxes
-€12,597
Deferred taxes and other
-€816
Result 2025
€68,806
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€517,239
Investment
-€118,728
Financing
-€397,641
Cash 2024
€541,832
From operations (derived)
+€517,239
Net result for the year
+€68,806
Depreciation
+€64,768
Receivables within one year
-€16,301
Deferred charges and accrued income
+€3,228
Trade debts
-€3,115
Tax, wage and social debts
+€22,827
Other debts
+€377,759
Accrued charges and deferred income
-€734
Investment (derived)
-€118,728
Investment in fixed assets (net)
-€2,606
Current investments
-€116,122
Financing
-€397,641
Contributions, distributions and other
-€397,641
Cash 2025
€542,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,860,431 | €2,928,333 | +€67,902 | +2.4% |
| Fixed assets | 21/28 | €1,272,423 | €1,210,261 | -€62,162 | -4.9% |
| Tangible fixed assets | 22/27 | €1,272,423 | €1,210,261 | -€62,162 | -4.9% |
| Land and buildings | 22 | €1,271,735 | €1,209,936 | -€61,800 | -4.9% |
| Plant, machinery and equipment | 23 | €296 | €200 | -€96 | -32.4% |
| Furniture and vehicles | 24 | €392 | €126 | -€266 | -68.0% |
| Current assets | 29/58 | €1,588,008 | €1,718,072 | +€130,064 | +8.2% |
| Amounts receivable within one year | 40/41 | €141,304 | €157,605 | +€16,301 | +11.5% |
| Other amounts receivable | 41 | €141,304 | €157,605 | +€16,301 | +11.5% |
| Current investments | 50/53 | €900,539 | €1,016,661 | +€116,122 | +12.9% |
| Cash at bank and in hand | 54/58 | €541,832 | €542,702 | +€870 | +0.2% |
| Deferred charges and accrued income | 490/1 | €4,332 | €1,104 | -€3,228 | -74.5% |
| Total equity and liabilities | 10/49 | €2,860,431 | €2,928,333 | +€67,902 | +2.4% |
| Equity | 10/15 | €2,760,847 | €2,432,013 | -€328,834 | -11.9% |
| Contributions | 10/11 | €1,963,000 | €1,963,000 | = | 0.0% |
| Reserves | 13 | €797,847 | €469,013 | -€328,834 | -41.2% |
| Non-distributable reserves | 130/1 | €41,165 | €41,165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,165 | €41,165 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,743 | €21,743 | = | 0.0% |
| Distributable reserves | 133 | €734,939 | €406,104 | -€328,834 | -44.7% |
| Provisions and deferred taxes | 16 | €7,639 | €7,639 | = | 0.0% |
| Deferred taxes | 168 | €7,639 | €7,639 | = | 0.0% |
| Amounts payable | 17/49 | €91,945 | €488,681 | +€396,737 | +431% |
| Amounts payable within one year | 42/48 | €84,664 | €482,135 | +€397,471 | +469% |
| Trade debts | 44 | €3,115 | - | -€3,115 | |
| Suppliers | 440/4 | €3,115 | - | -€3,115 | |
| Taxes, remuneration and social security | 45 | - | €22,827 | +€22,827 | |
| Taxes | 450/3 | - | €22,827 | +€22,827 | |
| Other amounts payable | 47/48 | €81,549 | €459,308 | +€377,759 | +463% |
| Accrued charges and deferred income | 492/3 | €7,281 | €6,547 | -€734 | -10.1% |
| Remuneration, social security and pensions | 62 | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,013 | €64,768 | -€1,245 | -1.9% |
| Other operating charges | 640/8 | €14,363 | €14,294 | -€69 | -0.5% |
| Non-recurring operating charges | 66A | €358 | €44 | -€314 | -87.7% |
| Gross operating margin | 9900 | €136,667 | €163,768 | +€27,101 | +19.8% |
| Operating profit (loss) | 9901 | €55,933 | €84,554 | +€28,621 | +51.2% |
| Financial income | 75/76B | €16,123 | €18,943 | +€2,820 | +17.5% |
| Recurring financial income | 75 | €16,123 | €18,943 | +€2,820 | +17.5% |
| Financial charges | 65/66B | €75 | €69 | -€6 | -7.8% |
| Recurring financial charges | 65 | €75 | €69 | -€6 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €71,982 | €103,428 | +€31,446 | +43.7% |
| Transfer from deferred taxes | 780 | €816 | - | -€816 | |
| Income taxes | 67/77 | €22,025 | €34,622 | +€12,597 | +57.2% |
| Profit (loss) for the period | 9904 | €50,773 | €68,806 | +€18,033 | +35.5% |
| Transfer from tax-exempt reserves | 789 | €2,449 | - | -€2,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,222 | €68,806 | +€15,585 | +29.3% |
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 24 October 2026 via checked.be.