POGEM: what changed
Two fiscal 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.
POGEM
Largest movements
- Tangible fixed assets -€10,789
down €10,789 (-30.3%), from €35,618 to €24,829
of which Furniture and vehicles: -€9,645
- Receivables within one year +€3,195
up €3,195 (+77.3%), from €4,134 to €7,328
of which Other amounts receivable: +€5,112
- Cash +€1,286
up €1,286 (+4.2%), from €30,675 to €31,961
mainly Depreciation (+€10,789) and Net result for the year (+€1,509)
- Other debts -€7,318
down €7,318 (-19.9%), from €36,720 to €29,401
- Reserves +€1,509
up €1,509 (+5.3%), from €28,300 to €29,809
- Tax, wage and social debts -€729
down €729 (-14.4%), from €5,067 to €4,338
- Gross operating margin -€22,729
down €22,729 (-62.3%), from €36,501 to €13,772
- Taxes -€6,318
down €6,318 (-87.7%), from €7,201 to €883
- Other operating charges +€550
new in 2025: €550
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.
Cash bridge derived
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 | €71,423 | €65,035 | -€6,388 | -8.9% |
| Fixed assets | 21/28 | €35,618 | €24,829 | -€10,789 | -30.3% |
| Tangible fixed assets | 22/27 | €35,618 | €24,829 | -€10,789 | -30.3% |
| Land and buildings | 22 | €5,900 | €5,186 | -€713 | -12.1% |
| Plant, machinery and equipment | 23 | €482 | €52 | -€431 | -89.3% |
| Furniture and vehicles | 24 | €29,236 | €19,591 | -€9,645 | -33.0% |
| Current assets | 29/58 | €35,805 | €40,207 | +€4,401 | +12.3% |
| Amounts receivable within one year | 40/41 | €4,134 | €7,328 | +€3,195 | +77.3% |
| Trade receivables | 40 | €4,129 | €2,211 | -€1,918 | -46.4% |
| Other amounts receivable | 41 | €4 | €5,117 | +€5,112 | +114887.0% |
| Cash at bank and in hand | 54/58 | €30,675 | €31,961 | +€1,286 | +4.2% |
| Deferred charges and accrued income | 490/1 | €997 | €917 | -€79 | -8.0% |
| Total equity and liabilities | 10/49 | €71,423 | €65,035 | -€6,388 | -8.9% |
| Equity | 10/15 | €29,300 | €30,809 | +€1,509 | +5.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,300 | €29,809 | +€1,509 | +5.3% |
| Distributable reserves | 133 | €28,300 | €29,809 | +€1,509 | +5.3% |
| Amounts payable | 17/49 | €42,124 | €34,227 | -€7,897 | -18.7% |
| Amounts payable within one year | 42/48 | €42,124 | €34,227 | -€7,897 | -18.7% |
| Trade debts | 44 | €337 | €488 | +€150 | +44.5% |
| Suppliers | 440/4 | €337 | €488 | +€150 | +44.5% |
| Taxes, remuneration and social security | 45 | €5,067 | €4,338 | -€729 | -14.4% |
| Taxes | 450/3 | €5,067 | €4,338 | -€729 | -14.4% |
| Other amounts payable | 47/48 | €36,720 | €29,401 | -€7,318 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,649 | €10,789 | +€140 | +1.3% |
| Other operating charges | 640/8 | - | €550 | +€550 | |
| Gross operating margin | 9900 | €36,501 | €13,772 | -€22,729 | -62.3% |
| Operating profit (loss) | 9901 | €25,851 | €2,433 | -€23,418 | -90.6% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €25,812 | €2,392 | -€23,420 | -90.7% |
| Income taxes | 67/77 | €7,201 | €883 | -€6,318 | -87.7% |
| Profit (loss) for the period | 9904 | €18,611 | €1,509 | -€17,102 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,611 | €1,509 | -€17,102 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.