Poggio: 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.
Poggio
Largest movements
- Cash -€40,316
down €40,316 (-62.9%), from €64,117 to €23,801
mainly Tax, wage and social debts (-€20,578) and Investment in fixed assets (net) (-€20,541)
- Tangible fixed assets +€15,335
up €15,335 (+248%), from €6,173 to €21,508
of which Furniture and vehicles: +€12,446
- Receivables within one year +€12,703
up €12,703 (+88.3%), from €14,386 to €27,089
of which Trade receivables: +€11,027
- Intangible fixed assets -€4,251
down €4,251 (-52.4%), from €8,119 to €3,868
- Tax, wage and social debts -€20,578
down €20,578 (-47.6%), from €43,228 to €22,651
of which Remuneration and social security: -€11,025
- Trade debts +€13,568
up €13,568 (+562%), from €2,416 to €15,984
- Other debts -€10,677
down €10,677 (-76.1%), from €14,033 to €3,356
- Current portion of long-term debt -€3,192
no longer reported in 2025 (was €3,192)
- Accrued charges and deferred income +€2,938
new in 2025: €2,938
- Gross operating margin -€8,492
down €8,492 (-9.3%), from €91,067 to €82,576
- Staff costs -€2,584
down €2,584 (-4.0%), from €63,871 to €61,287
- Write-downs -€2,500
no longer reported in 2025 (was €2,500)
- Depreciation +€1,835
up €1,835 (+24.1%), from €7,622 to €9,457
- Other operating charges +€1,117
up €1,117 (+73.0%), from €1,530 to €2,647
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 | €97,960 | €81,340 | -€16,620 | -17.0% |
| Fixed assets | 21/28 | €14,293 | €25,376 | +€11,084 | +77.5% |
| Intangible fixed assets | 21 | €8,119 | €3,868 | -€4,251 | -52.4% |
| Tangible fixed assets | 22/27 | €6,173 | €21,508 | +€15,335 | +248% |
| Plant, machinery and equipment | 23 | €6,173 | €9,062 | +€2,889 | +46.8% |
| Furniture and vehicles | 24 | - | €12,446 | +€12,446 | |
| Current assets | 29/58 | €83,667 | €55,964 | -€27,703 | -33.1% |
| Amounts receivable within one year | 40/41 | €14,386 | €27,089 | +€12,703 | +88.3% |
| Trade receivables | 40 | €13,998 | €25,024 | +€11,027 | +78.8% |
| Other amounts receivable | 41 | €388 | €2,065 | +€1,677 | +432% |
| Cash at bank and in hand | 54/58 | €64,117 | €23,801 | -€40,316 | -62.9% |
| Deferred charges and accrued income | 490/1 | €5,165 | €5,075 | -€91 | -1.8% |
| Total equity and liabilities | 10/49 | €97,960 | €81,340 | -€16,620 | -17.0% |
| Equity | 10/15 | €10,091 | €11,412 | +€1,321 | +13.1% |
| Contributions | 10/11 | €13,700 | €13,600 | -€100 | -0.7% |
| Profit (loss) carried forward | 14 | -€3,609 | -€2,188 | +€1,421 | +39.4% |
| Amounts payable | 17/49 | €87,869 | €69,928 | -€17,941 | -20.4% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,869 | €41,990 | -€20,879 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €3,192 | - | -€3,192 | |
| Trade debts | 44 | €2,416 | €15,984 | +€13,568 | +562% |
| Suppliers | 440/4 | €2,416 | €15,984 | +€13,568 | +562% |
| Taxes, remuneration and social security | 45 | €43,228 | €22,651 | -€20,578 | -47.6% |
| Taxes | 450/3 | €23,363 | €13,810 | -€9,553 | -40.9% |
| Remuneration and social security | 454/9 | €19,866 | €8,840 | -€11,025 | -55.5% |
| Other amounts payable | 47/48 | €14,033 | €3,356 | -€10,677 | -76.1% |
| Accrued charges and deferred income | 492/3 | - | €2,938 | +€2,938 | |
| Remuneration, social security and pensions | 62 | €63,871 | €61,287 | -€2,584 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,622 | €9,457 | +€1,835 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €1,530 | €2,647 | +€1,117 | +73.0% |
| Gross operating margin | 9900 | €91,067 | €82,576 | -€8,492 | -9.3% |
| Operating profit (loss) | 9901 | €15,544 | €9,184 | -€6,360 | -40.9% |
| Financial income | 75/76B | €79 | €25 | -€55 | -68.7% |
| Recurring financial income | 75 | €79 | €25 | -€55 | -68.7% |
| Financial charges | 65/66B | €1,546 | €1,072 | -€474 | -30.6% |
| Recurring financial charges | 65 | €1,546 | €1,072 | -€474 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €14,077 | €8,137 | -€5,940 | -42.2% |
| Income taxes | 67/77 | €6,096 | €6,715 | +€620 | +10.2% |
| Profit (loss) for the period | 9904 | €7,982 | €1,421 | -€6,560 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,982 | €1,421 | -€6,560 | -82.2% |
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 14 October 2026 via checked.be.