POINT S BELUX: 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 S BELUX
Largest movements
- Stocks and contracts +€608,081
up €608,081 (+47.8%), from €1.3m to €1.9m
- Deferred charges and accrued income +€95,908
up €95,908 (+29.4%), from €326,762 to €422,670
- Cash -€93,774
down €93,774 (-13.3%), from €704,858 to €611,084
mainly Stocks and contracts (-€608,081) and Debts after one year (-€151,408)
- Receivables within one year +€83,915
up €83,915 (+5.6%), from €1.5m to €1.6m
of which Trade receivables: +€47,184
- Tangible fixed assets -€75,595
down €75,595 (-7.0%), from €1.1m to €1.0m
- Trade debts +€325,309
up €325,309 (+22.7%), from €1.4m to €1.8m
- Reserves +€292,880
up €292,880 (+25.0%), from €1.2m to €1.5m
of which Distributable reserves: +€175,000
- Debts after one year -€151,408
down €151,408 (-45.4%), from €333,161 to €181,753
- Investment grants +€113,060
up €113,060 (+24.5%), from €461,224 to €574,284
- Accrued charges and deferred income +€93,417
up €93,417 (+15.4%), from €605,832 to €699,249
- Gross operating margin -€147,863
down €147,863 (-11.4%), from €1.3m to €1.2m
- Taxes -€59,307
down €59,307 (-33.7%), from €175,983 to €116,677
- Provisions -€55,075
down €55,075, from €47,802 to -€7,272
- Financial charges +€49,537
up €49,537 (+385%), from €12,861 to €62,398
- Depreciation +€20,668
up €20,668 (+20.5%), from €100,762 to €121,429
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 | €4,878,560 | €5,517,644 | +€639,084 | +13.1% |
| Fixed assets | 21/28 | €1,080,317 | €1,004,722 | -€75,595 | -7.0% |
| Tangible fixed assets | 22/27 | €1,080,202 | €1,004,607 | -€75,595 | -7.0% |
| Land and buildings | 22 | €247,282 | €230,625 | -€16,657 | -6.7% |
| Plant, machinery and equipment | 23 | €1,254 | €1,104 | -€150 | -12.0% |
| Furniture and vehicles | 24 | €248,216 | €221,736 | -€26,480 | -10.7% |
| Other tangible fixed assets | 26 | €583,449 | €551,141 | -€32,308 | -5.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €3,798,244 | €4,512,922 | +€714,678 | +18.8% |
| Stocks and contracts in progress | 3 | €1,271,902 | €1,879,983 | +€608,081 | +47.8% |
| Stocks | 30/36 | €1,271,902 | €1,879,983 | +€608,081 | +47.8% |
| Amounts receivable within one year | 40/41 | €1,494,721 | €1,578,635 | +€83,915 | +5.6% |
| Trade receivables | 40 | €1,493,536 | €1,540,720 | +€47,184 | +3.2% |
| Other amounts receivable | 41 | €1,184 | €37,915 | +€36,731 | +3,101% |
| Current investments | 50/53 | - | €20,550 | +€20,550 | |
| Cash at bank and in hand | 54/58 | €704,858 | €611,084 | -€93,774 | -13.3% |
| Deferred charges and accrued income | 490/1 | €326,762 | €422,670 | +€95,908 | +29.4% |
| Total equity and liabilities | 10/49 | €4,878,560 | €5,517,644 | +€639,084 | +13.1% |
| Equity | 10/15 | €1,854,474 | €2,261,477 | +€407,003 | +21.9% |
| Contributions | 10/11 | €41,100 | €41,100 | = | 0.0% |
| Reserves | 13 | €1,170,110 | €1,462,990 | +€292,880 | +25.0% |
| Non-distributable reserves | 130/1 | €3,930 | €3,930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,930 | €3,930 | = | 0.0% |
| Tax-exempt reserves | 132 | €244,180 | €362,060 | +€117,880 | +48.3% |
| Distributable reserves | 133 | €922,000 | €1,097,000 | +€175,000 | +19.0% |
| Profit (loss) carried forward | 14 | €182,040 | €183,103 | +€1,063 | +0.6% |
| Investment grants | 15 | €461,224 | €574,284 | +€113,060 | +24.5% |
| Provisions and deferred taxes | 16 | €62,202 | €54,930 | -€7,272 | -11.7% |
| Provisions for liabilities and charges | 160/5 | €62,202 | €54,930 | -€7,272 | -11.7% |
| Other liabilities and charges | 164/5 | €62,202 | €54,930 | -€7,272 | -11.7% |
| Amounts payable | 17/49 | €2,961,884 | €3,201,237 | +€239,353 | +8.1% |
| Amounts payable after more than one year | 17 | €333,161 | €181,753 | -€151,408 | -45.4% |
| Financial debts | 170/4 | €333,161 | €181,753 | -€151,408 | -45.4% |
| Amounts payable within one year | 42/48 | €2,022,891 | €2,320,235 | +€297,344 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €208,324 | €196,637 | -€11,686 | -5.6% |
| Trade debts | 44 | €1,435,152 | €1,760,460 | +€325,309 | +22.7% |
| Suppliers | 440/4 | €1,435,152 | €1,760,460 | +€325,309 | +22.7% |
| Taxes, remuneration and social security | 45 | €213,211 | €194,181 | -€19,030 | -8.9% |
| Taxes | 450/3 | €144,374 | €138,803 | -€5,571 | -3.9% |
| Remuneration and social security | 454/9 | €68,837 | €55,378 | -€13,459 | -19.6% |
| Other amounts payable | 47/48 | €166,205 | €168,956 | +€2,751 | +1.7% |
| Accrued charges and deferred income | 492/3 | €605,832 | €699,249 | +€93,417 | +15.4% |
| Remuneration, social security and pensions | 62 | €519,786 | €537,382 | +€17,596 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,762 | €121,429 | +€20,668 | +20.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €47,802 | -€7,272 | -€55,075 | |
| Other operating charges | 640/8 | €35,884 | €55,713 | +€19,829 | +55.3% |
| Non-recurring operating charges | 66A | - | €785 | +€785 | |
| Gross operating margin | 9900 | €1,299,702 | €1,151,840 | -€147,863 | -11.4% |
| Operating profit (loss) | 9901 | €595,469 | €443,803 | -€151,666 | -25.5% |
| Financial income | 75/76B | €34,103 | €29,215 | -€4,888 | -14.3% |
| Recurring financial income | 75 | €34,103 | €29,215 | -€4,888 | -14.3% |
| Financial charges | 65/66B | €12,861 | €62,398 | +€49,537 | +385% |
| Recurring financial charges | 65 | €12,861 | €62,398 | +€49,537 | +385% |
| Profit (loss) for the period before taxes | 9903 | €616,710 | €410,619 | -€206,091 | -33.4% |
| Income taxes | 67/77 | €175,983 | €116,677 | -€59,307 | -33.7% |
| Profit (loss) for the period | 9904 | €440,727 | €293,943 | -€146,784 | -33.3% |
| Transfer to tax-exempt reserves | 689 | €244,180 | €117,880 | -€126,300 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,547 | €176,063 | -€20,484 | -10.4% |
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 16 October 2026 via checked.be.