POILSART: 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.
POILSART
Largest movements
- Receivables within one year +€27,733
up €27,733 (+88.1%), from €31,496 to €59,229
of which Trade receivables: +€35,547
- Cash -€10,141
down €10,141 (-59.8%), from €16,965 to €6,824
mainly Other debts (-€169,792) and Net result for the year (-€57,211)
- Deferred charges and accrued income -€3,687
down €3,687 (-82.9%), from €4,445 to €758
- Tangible fixed assets -€2,487
down €2,487 (-31.6%), from €7,874 to €5,387
- Debts after one year +€190,000
new in 2025: €190,000
- Other debts -€169,792
down €169,792 (-94.8%), from €179,027 to €9,235
- Profit (loss) carried forward -€57,211
down €57,211 (-40.1%), from -€142,605 to -€199,816
- Trade debts +€43,495
up €43,495 (+50,705%), from €86 to €43,581
- Tax, wage and social debts +€4,926
up €4,926 (+34.5%), from €14,273 to €19,199
of which Taxes: +€4,926
- Gross operating margin +€160,507
up €160,507 (+90.4%), from -€177,589 to -€17,082
- Other operating charges +€34,476
up €34,476 (+8,901%), from €387 to €34,863
- Financial charges +€2,554
up €2,554 (+1,135%), from €225 to €2,779
- Taxes +€2,132
up €2,132, from -€2,132 to €0
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 | €60,780 | €72,198 | +€11,418 | +18.8% |
| Fixed assets | 21/28 | €7,874 | €5,387 | -€2,487 | -31.6% |
| Tangible fixed assets | 22/27 | €7,874 | €5,387 | -€2,487 | -31.6% |
| Furniture and vehicles | 24 | €7,874 | €5,387 | -€2,487 | -31.6% |
| Current assets | 29/58 | €52,906 | €66,811 | +€13,905 | +26.3% |
| Amounts receivable within one year | 40/41 | €31,496 | €59,229 | +€27,733 | +88.1% |
| Trade receivables | 40 | €20,864 | €56,411 | +€35,547 | +170% |
| Other amounts receivable | 41 | €10,632 | €2,818 | -€7,814 | -73.5% |
| Cash at bank and in hand | 54/58 | €16,965 | €6,824 | -€10,141 | -59.8% |
| Deferred charges and accrued income | 490/1 | €4,445 | €758 | -€3,687 | -82.9% |
| Total equity and liabilities | 10/49 | €60,780 | €72,198 | +€11,418 | +18.8% |
| Equity | 10/15 | -€132,605 | -€189,816 | -€57,211 | -43.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,605 | -€199,816 | -€57,211 | -40.1% |
| Amounts payable | 17/49 | €193,385 | €262,014 | +€68,629 | +35.5% |
| Amounts payable after more than one year | 17 | - | €190,000 | +€190,000 | |
| Other amounts payable | 178/9 | - | €190,000 | +€190,000 | |
| Amounts payable within one year | 42/48 | €193,385 | €72,014 | -€121,371 | -62.8% |
| Trade debts | 44 | €86 | €43,581 | +€43,495 | +50,705% |
| Suppliers | 440/4 | €86 | €43,581 | +€43,495 | +50,705% |
| Taxes, remuneration and social security | 45 | €14,273 | €19,199 | +€4,926 | +34.5% |
| Taxes | 450/3 | €11,423 | €16,349 | +€4,926 | +43.1% |
| Remuneration and social security | 454/9 | €2,850 | €2,850 | = | 0.0% |
| Other amounts payable | 47/48 | €179,027 | €9,235 | -€169,792 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,553 | €2,487 | -€66 | -2.6% |
| Other operating charges | 640/8 | €387 | €34,863 | +€34,476 | +8,901% |
| Gross operating margin | 9900 | -€177,589 | -€17,082 | +€160,507 | +90.4% |
| Operating profit (loss) | 9901 | -€180,530 | -€54,432 | +€126,098 | +69.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €225 | €2,779 | +€2,554 | +1,135% |
| Recurring financial charges | 65 | €225 | €2,779 | +€2,554 | +1,135% |
| Profit (loss) for the period before taxes | 9903 | -€180,754 | -€57,211 | +€123,544 | +68.3% |
| Income taxes | 67/77 | -€2,132 | €0 | +€2,132 | |
| Profit (loss) for the period | 9904 | -€178,623 | -€57,211 | +€121,412 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,623 | -€57,211 | +€121,412 | +68.0% |
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 17 October 2026 via checked.be.