POINT D'ORGUE: 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.
POINT D'ORGUE
Largest movements
- Tangible fixed assets -€5,023
down €5,023 (-2.8%), from €179,010 to €173,987
- Stocks and contracts -€3,648
down €3,648 (-4.2%), from €86,058 to €82,410
- Receivables within one year -€3,408
down €3,408 (-29.2%), from €11,654 to €8,246
of which Trade receivables: -€3,339
- Debts after one year -€14,839
down €14,839 (-12.3%), from €121,000 to €106,161
- Profit (loss) carried forward +€5,812
up €5,812 (+4.7%), from €123,248 to €129,060
- Tax, wage and social debts -€3,740
down €3,740 (-48.0%), from €7,799 to €4,059
- Gross operating margin -€17,508
down €17,508 (-53.1%), from €32,987 to €15,479
- Taxes -€3,247
down €3,247 (-65.5%), from €4,957 to €1,710
- Financial income +€910
up €910 (+875.0%), from €104 to €1,014
- Financial charges -€375
down €375 (-13.5%), from €2,786 to €2,411
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 | €316,628 | €303,874 | -€12,754 | -4.0% |
| Fixed assets | 21/28 | €179,010 | €173,987 | -€5,023 | -2.8% |
| Tangible fixed assets | 22/27 | €179,010 | €173,987 | -€5,023 | -2.8% |
| Land and buildings | 22 | €179,010 | €173,987 | -€5,023 | -2.8% |
| Current assets | 29/58 | €137,618 | €129,887 | -€7,731 | -5.6% |
| Stocks and contracts in progress | 3 | €86,058 | €82,410 | -€3,648 | -4.2% |
| Stocks | 30/36 | €86,058 | €82,410 | -€3,648 | -4.2% |
| Amounts receivable within one year | 40/41 | €11,654 | €8,246 | -€3,408 | -29.2% |
| Trade receivables | 40 | €11,233 | €7,894 | -€3,339 | -29.7% |
| Other amounts receivable | 41 | €421 | €352 | -€69 | -16.4% |
| Current investments | 50/53 | €10,216 | €9,102 | -€1,114 | -10.9% |
| Cash at bank and in hand | 54/58 | €28,119 | €28,608 | +€489 | +1.7% |
| Deferred charges and accrued income | 490/1 | €1,571 | €1,521 | -€50 | -3.2% |
| Total equity and liabilities | 10/49 | €316,628 | €303,874 | -€12,754 | -4.0% |
| Equity | 10/15 | €148,708 | €154,520 | +€5,812 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,248 | €129,060 | +€5,812 | +4.7% |
| Amounts payable | 17/49 | €167,920 | €149,354 | -€18,566 | -11.1% |
| Amounts payable after more than one year | 17 | €121,000 | €106,161 | -€14,839 | -12.3% |
| Financial debts | 170/4 | €121,000 | €106,161 | -€14,839 | -12.3% |
| Amounts payable within one year | 42/48 | €46,920 | €43,193 | -€3,727 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €14,839 | +€172 | +1.2% |
| Trade debts | 44 | €22,454 | €24,295 | +€1,841 | +8.2% |
| Suppliers | 440/4 | €22,454 | €24,295 | +€1,841 | +8.2% |
| Taxes, remuneration and social security | 45 | €7,799 | €4,059 | -€3,740 | -48.0% |
| Taxes | 450/3 | €7,799 | €4,059 | -€3,740 | -48.0% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,023 | €5,023 | = | 0.0% |
| Other operating charges | 640/8 | €1,797 | €1,537 | -€260 | -14.5% |
| Gross operating margin | 9900 | €32,987 | €15,479 | -€17,508 | -53.1% |
| Operating profit (loss) | 9901 | €26,167 | €8,919 | -€17,248 | -65.9% |
| Financial income | 75/76B | €104 | €1,014 | +€910 | +875.0% |
| Recurring financial income | 75 | €104 | €1,014 | +€910 | +875.0% |
| Financial charges | 65/66B | €2,786 | €2,411 | -€375 | -13.5% |
| Recurring financial charges | 65 | €2,786 | €2,411 | -€375 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €23,485 | €7,522 | -€15,963 | -68.0% |
| Income taxes | 67/77 | €4,957 | €1,710 | -€3,247 | -65.5% |
| Profit (loss) for the period | 9904 | €18,528 | €5,812 | -€12,716 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,528 | €5,812 | -€12,716 | -68.6% |
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 10 October 2026 via checked.be.