POGGE: 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.
POGGE
Largest movements
- Cash -€25,236
down €25,236 (-19.2%), from €131,768 to €106,532
mainly Other debts (-€28,384) and Net result for the year (-€21,416)
- Intangible fixed assets -€19,647
down €19,647 (-40.0%), from €49,117 to €29,470
- Stocks and contracts -€16,142
down €16,142 (-21.6%), from €74,807 to €58,665
- Receivables within one year +€15,730
up €15,730 (+24.1%), from €65,286 to €81,016
of which Other amounts receivable: +€8,353
- Tangible fixed assets +€3,513
up €3,513 (+231.9%), from €1,515 to €5,028
- Other debts -€28,384
down €28,384 (-76.5%), from €37,100 to €8,716
- Profit (loss) carried forward -€21,416
down €21,416, from €13,604 to -€7,812
- Tax, wage and social debts +€3,691
up €3,691 (+32.0%), from €11,545 to €15,236
of which Remuneration and social security: +€3,871
- Staff costs +€32,364
up €32,364 (+38.0%), from €85,109 to €117,473
- Taxes -€10,398
down €10,398 (-96.7%), from €10,757 to €359
- Gross operating margin -€10,366
down €10,366 (-7.5%), from €138,397 to €128,031
- Financial charges -€1,895
down €1,895 (-15.6%), from €12,184 to €10,288
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 | €327,500 | €285,910 | -€41,590 | -12.7% |
| Fixed assets | 21/28 | €50,689 | €34,555 | -€16,134 | -31.8% |
| Intangible fixed assets | 21 | €49,117 | €29,470 | -€19,647 | -40.0% |
| Tangible fixed assets | 22/27 | €1,515 | €5,028 | +€3,513 | +231.9% |
| Other tangible fixed assets | 26 | €1,515 | €5,028 | +€3,513 | +231.9% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €276,811 | €251,355 | -€25,456 | -9.2% |
| Stocks and contracts in progress | 3 | €74,807 | €58,665 | -€16,142 | -21.6% |
| Stocks | 30/36 | €74,807 | €58,665 | -€16,142 | -21.6% |
| Amounts receivable within one year | 40/41 | €65,286 | €81,016 | +€15,730 | +24.1% |
| Trade receivables | 40 | €53,903 | €61,281 | +€7,377 | +13.7% |
| Other amounts receivable | 41 | €11,382 | €19,735 | +€8,353 | +73.4% |
| Cash at bank and in hand | 54/58 | €131,768 | €106,532 | -€25,236 | -19.2% |
| Deferred charges and accrued income | 490/1 | €4,951 | €5,142 | +€192 | +3.9% |
| Total equity and liabilities | 10/49 | €327,500 | €285,910 | -€41,590 | -12.7% |
| Equity | 10/15 | €119,964 | €98,548 | -€21,416 | -17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €93,960 | €93,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,100 | €92,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,604 | -€7,812 | -€21,416 | |
| Amounts payable | 17/49 | €207,537 | €187,362 | -€20,174 | -9.7% |
| Amounts payable within one year | 42/48 | €204,878 | €182,452 | -€22,427 | -10.9% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €81,234 | €83,500 | +€2,266 | +2.8% |
| Suppliers | 440/4 | €81,234 | €83,500 | +€2,266 | +2.8% |
| Taxes, remuneration and social security | 45 | €11,545 | €15,236 | +€3,691 | +32.0% |
| Taxes | 450/3 | €280 | €100 | -€180 | -64.3% |
| Remuneration and social security | 454/9 | €11,265 | €15,136 | +€3,871 | +34.4% |
| Other amounts payable | 47/48 | €37,100 | €8,716 | -€28,384 | -76.5% |
| Accrued charges and deferred income | 492/3 | €2,658 | €4,911 | +€2,253 | +84.7% |
| Remuneration, social security and pensions | 62 | €85,109 | €117,473 | +€32,364 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,960 | €20,824 | -€135 | -0.6% |
| Other operating charges | 640/8 | €611 | €721 | +€110 | +17.9% |
| Non-recurring operating charges | 66A | €227 | - | -€227 | |
| Gross operating margin | 9900 | €138,397 | €128,031 | -€10,366 | -7.5% |
| Operating profit (loss) | 9901 | €31,490 | -€10,988 | -€42,477 | |
| Financial income | 75/76B | €1,059 | €219 | -€840 | -79.3% |
| Recurring financial income | 75 | €1,059 | €219 | -€840 | -79.3% |
| Financial charges | 65/66B | €12,184 | €10,288 | -€1,895 | -15.6% |
| Recurring financial charges | 65 | €12,184 | €10,288 | -€1,895 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €20,364 | -€21,057 | -€41,421 | |
| Income taxes | 67/77 | €10,757 | €359 | -€10,398 | -96.7% |
| Profit (loss) for the period | 9904 | €9,607 | -€21,416 | -€31,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,607 | -€21,416 | -€31,024 |
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 8 October 2026 via checked.be.