POGIBAT: 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.
POGIBAT
Largest movements
- Cash +€8,242
up €8,242 (+359%), from €2,294 to €10,537
mainly Net result for the year (+€10,116) and Depreciation (+€6,956)
- Receivables within one year -€2,222
down €2,222 (-11.8%), from €18,908 to €16,686
of which Trade receivables: -€1,968
- Tangible fixed assets +€1,958
up €1,958 (+16.2%), from €12,083 to €14,041
- Profit (loss) carried forward +€10,116
up €10,116 (+50.3%), from -€20,108 to -€9,991
- Debts after one year -€6,760
down €6,760 (-85.4%), from €7,911 to €1,152
- Other debts +€5,954
up €5,954 (+65.4%), from €9,109 to €15,063
- Tax, wage and social debts -€1,109
down €1,109 (-15.2%), from €7,298 to €6,189
of which Remuneration and social security: -€3,165
- Trade debts -€623
down €623 (-23.8%), from €2,612 to €1,989
- Gross operating margin +€7,258
up €7,258 (+53.3%), from €13,609 to €20,867
- Other operating charges -€3,807
down €3,807 (-54.3%), from €7,006 to €3,199
- Depreciation +€2,288
up €2,288 (+49.0%), from €4,668 to €6,956
- Staff costs -€1,005
no longer reported in 2025 (was €1,005)
- Financial charges -€368
down €368 (-38.2%), from €963 to €595
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 | €33,787 | €41,621 | +€7,834 | +23.2% |
| Fixed assets | 21/28 | €12,260 | €14,041 | +€1,781 | +14.5% |
| Tangible fixed assets | 22/27 | €12,083 | €14,041 | +€1,958 | +16.2% |
| Furniture and vehicles | 24 | €12,083 | €14,041 | +€1,958 | +16.2% |
| Financial fixed assets | 28 | €177 | - | -€177 | |
| Current assets | 29/58 | €21,527 | €27,580 | +€6,052 | +28.1% |
| Amounts receivable within one year | 40/41 | €18,908 | €16,686 | -€2,222 | -11.8% |
| Trade receivables | 40 | €6,199 | €4,231 | -€1,968 | -31.7% |
| Other amounts receivable | 41 | €12,709 | €12,455 | -€254 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,294 | €10,537 | +€8,242 | +359% |
| Deferred charges and accrued income | 490/1 | €325 | €357 | +€32 | +9.8% |
| Total equity and liabilities | 10/49 | €33,787 | €41,621 | +€7,834 | +23.2% |
| Equity | 10/15 | €352 | €10,469 | +€10,116 | +2,873% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€20,108 | -€9,991 | +€10,116 | +50.3% |
| Amounts payable | 17/49 | €33,435 | €31,152 | -€2,283 | -6.8% |
| Amounts payable after more than one year | 17 | €7,911 | €1,152 | -€6,760 | -85.4% |
| Financial debts | 170/4 | €7,911 | €1,152 | -€6,760 | -85.4% |
| Amounts payable within one year | 42/48 | €25,524 | €30,000 | +€4,477 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €6,505 | €6,760 | +€254 | +3.9% |
| Trade debts | 44 | €2,612 | €1,989 | -€623 | -23.8% |
| Suppliers | 440/4 | €2,612 | €1,989 | -€623 | -23.8% |
| Taxes, remuneration and social security | 45 | €7,298 | €6,189 | -€1,109 | -15.2% |
| Taxes | 450/3 | €740 | €2,796 | +€2,056 | +278% |
| Remuneration and social security | 454/9 | €6,558 | €3,393 | -€3,165 | -48.3% |
| Other amounts payable | 47/48 | €9,109 | €15,063 | +€5,954 | +65.4% |
| Remuneration, social security and pensions | 62 | €1,005 | - | -€1,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,668 | €6,956 | +€2,288 | +49.0% |
| Other operating charges | 640/8 | €7,006 | €3,199 | -€3,807 | -54.3% |
| Gross operating margin | 9900 | €13,609 | €20,867 | +€7,258 | +53.3% |
| Operating profit (loss) | 9901 | €930 | €10,712 | +€9,782 | +1,052% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €963 | €595 | -€368 | -38.2% |
| Recurring financial charges | 65 | €963 | €595 | -€368 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€33 | €10,116 | +€10,150 | |
| Profit (loss) for the period | 9904 | -€33 | €10,116 | +€10,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33 | €10,116 | +€10,150 |
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 26 October 2026 via checked.be.