Poincaré: 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.
Poincaré
Largest movements
- Cash +€1.3m
up €1.3m (+60.6%), from €2.1m to €3.4m
mainly Depreciation (+€854,616) and Net result for the year (+€285,930)
- Tangible fixed assets -€854,616
down €854,616 (-4.1%), from €20.8m to €19.9m
- Profit (loss) carried forward +€285,930
up €285,930 (+45.8%), from -€623,937 to -€338,008
- Turnover -€248,073
down €248,073 (-15.9%), from €1.6m to €1.3m
- Services and other goods -€55,381
down €55,381 (-25.3%), from €218,957 to €163,576
- Other operating income -€23,476
down €23,476 (-7.1%), from €331,039 to €307,564
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 | €23,908,562 | €24,126,734 | +€218,172 | +0.9% |
| Fixed assets | 21/28 | €20,796,836 | €19,942,220 | -€854,616 | -4.1% |
| Tangible fixed assets | 22/27 | €20,796,836 | €19,942,220 | -€854,616 | -4.1% |
| Land and buildings | 22 | €20,796,836 | €19,942,220 | -€854,616 | -4.1% |
| Current assets | 29/58 | €3,111,726 | €4,184,514 | +€1.1m | +34.5% |
| Amounts receivable within one year | 40/41 | €479,250 | €333,859 | -€145,391 | -30.3% |
| Trade receivables | 40 | €223,821 | €238,430 | +€14,609 | +6.5% |
| Other amounts receivable | 41 | €255,429 | €95,429 | -€160,000 | -62.6% |
| Cash at bank and in hand | 54/58 | €2,140,490 | €3,437,724 | +€1.3m | +60.6% |
| Deferred charges and accrued income | 490/1 | €491,986 | €412,931 | -€79,054 | -16.1% |
| Total equity and liabilities | 10/49 | €23,908,562 | €24,126,734 | +€218,172 | +0.9% |
| Equity | 10/15 | €23,293,063 | €23,578,992 | +€285,930 | +1.2% |
| Contributions | 10/11 | €23,917,000 | €23,917,000 | = | 0.0% |
| Capital | 10 | €23,917,000 | €23,917,000 | = | 0.0% |
| Issued capital | 100 | €23,917,000 | €23,917,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€623,937 | -€338,008 | +€285,930 | +45.8% |
| Amounts payable | 17/49 | €615,499 | €547,742 | -€67,758 | -11.0% |
| Amounts payable within one year | 42/48 | €208,557 | €121,969 | -€86,588 | -41.5% |
| Trade debts | 44 | €208,554 | €121,645 | -€86,909 | -41.7% |
| Suppliers | 440/4 | €208,554 | €121,645 | -€86,909 | -41.7% |
| Taxes, remuneration and social security | 45 | €2 | €324 | +€321 | +14473.9% |
| Taxes | 450/3 | €2 | €324 | +€321 | +14473.9% |
| Accrued charges and deferred income | 492/3 | €406,943 | €425,773 | +€18,830 | +4.6% |
| Operating income | 70/76A | €1,893,645 | €1,622,096 | -€271,549 | -14.3% |
| Turnover | 70 | €1,562,606 | €1,314,533 | -€248,073 | -15.9% |
| Other operating income | 74 | €331,039 | €307,564 | -€23,476 | -7.1% |
| Operating charges | 60/66A | €1,405,701 | €1,335,516 | -€70,185 | -5.0% |
| Services and other goods | 61 | €218,957 | €163,576 | -€55,381 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854,616 | €854,616 | +€0 | 0.0% |
| Other operating charges | 640/8 | €332,128 | €317,324 | -€14,805 | -4.5% |
| Operating profit (loss) | 9901 | €487,944 | €286,580 | -€201,363 | -41.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Other financial income | 752/9 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €663 | €651 | -€12 | -1.8% |
| Recurring financial charges | 65 | €663 | €651 | -€12 | -1.8% |
| Other financial charges | 652/9 | €663 | €651 | -€12 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €487,281 | €285,930 | -€201,351 | -41.3% |
| Profit (loss) for the period | 9904 | €487,281 | €285,930 | -€201,351 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €487,281 | €285,930 | -€201,351 | -41.3% |
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 11 October 2026 via checked.be.