POGIO: 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.
POGIO
Largest movements
- Cash +€151,595
up €151,595 (+62.6%), from €242,286 to €393,881
mainly Net result for the year (+€132,739) and Tax, wage and social debts (+€24,496)
- Receivables within one year +€17,285
up €17,285 (+42.8%), from €40,367 to €57,652
of which Trade receivables: +€9,515
- Tangible fixed assets -€10,698
down €10,698 (-6.9%), from €154,554 to €143,856
of which Land and buildings: -€9,529
- Profit (loss) carried forward +€132,739
up €132,739 (+12.9%), from -€1.0m to -€892,996
- Tax, wage and social debts +€24,496
up €24,496 (+507.3%), from €4,828 to €29,324
- Trade debts +€19,056
up €19,056 (+328.5%), from €5,801 to €24,857
- Advances received -€17,405
down €17,405 (-1.4%), from €1.2m to €1.2m
- Gross operating margin +€73,726
up €73,726 (+82.2%), from €89,739 to €163,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,542 | €660,428 | +€158,886 | +31.7% |
| Fixed assets | 21/28 | €164,054 | €153,356 | -€10,698 | -6.5% |
| Intangible fixed assets | 21 | €6,500 | €6,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €154,554 | €143,856 | -€10,698 | -6.9% |
| Land and buildings | 22 | €142,807 | €133,278 | -€9,529 | -6.7% |
| Plant, machinery and equipment | 23 | €9,967 | €7,463 | -€2,504 | -25.1% |
| Furniture and vehicles | 24 | €1,781 | €3,115 | +€1,334 | +74.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €337,487 | €507,072 | +€169,585 | +50.2% |
| Stocks and contracts in progress | 3 | €53,141 | €53,141 | = | 0.0% |
| Stocks | 30/36 | €53,141 | €53,141 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,367 | €57,652 | +€17,285 | +42.8% |
| Trade receivables | 40 | €15,367 | €24,881 | +€9,515 | +61.9% |
| Other amounts receivable | 41 | €25,000 | €32,770 | +€7,770 | +31.1% |
| Cash at bank and in hand | 54/58 | €242,286 | €393,881 | +€151,595 | +62.6% |
| Deferred charges and accrued income | 490/1 | €1,693 | €2,398 | +€705 | +41.6% |
| Total equity and liabilities | 10/49 | €501,542 | €660,428 | +€158,886 | +31.7% |
| Equity | 10/15 | -€1,007,135 | -€874,396 | +€132,739 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,025,735 | -€892,996 | +€132,739 | +12.9% |
| Amounts payable | 17/49 | €1,508,677 | €1,534,824 | +€26,147 | +1.7% |
| Amounts payable after more than one year | 17 | €172,171 | €172,171 | = | 0.0% |
| Advances received on contracts in progress | 176 | €128,771 | €128,771 | = | 0.0% |
| Other amounts payable | 178/9 | €43,400 | €43,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,336,506 | €1,362,653 | +€26,147 | +2.0% |
| Trade debts | 44 | €5,801 | €24,857 | +€19,056 | +328.5% |
| Suppliers | 440/4 | €5,801 | €24,857 | +€19,056 | +328.5% |
| Advances received on contracts in progress | 46 | €1,224,862 | €1,207,457 | -€17,405 | -1.4% |
| Taxes, remuneration and social security | 45 | €4,828 | €29,324 | +€24,496 | +507.3% |
| Taxes | 450/3 | €4,828 | €29,324 | +€24,496 | +507.3% |
| Other amounts payable | 47/48 | €101,015 | €101,015 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,979 | €12,917 | -€63 | -0.5% |
| Other operating charges | 640/8 | €7,634 | €7,843 | +€209 | +2.7% |
| Gross operating margin | 9900 | €89,739 | €163,465 | +€73,726 | +82.2% |
| Operating profit (loss) | 9901 | €69,125 | €142,705 | +€73,580 | +106.4% |
| Financial income | 75/76B | €681 | €1,221 | +€540 | +79.3% |
| Recurring financial income | 75 | €681 | €1,221 | +€540 | +79.3% |
| Financial charges | 65/66B | €11,699 | €10,820 | -€878 | -7.5% |
| Recurring financial charges | 65 | €11,699 | €10,820 | -€878 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €58,108 | €133,106 | +€74,998 | +129.1% |
| Income taxes | 67/77 | €162 | €366 | +€205 | +126.5% |
| Profit (loss) for the period | 9904 | €57,946 | €132,739 | +€74,793 | +129.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,946 | €132,739 | +€74,793 | +129.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.