POKHARA: 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.
POKHARA
Largest movements
- Tangible fixed assets -€218,835
down €218,835 (-65.2%), from €335,760 to €116,925
of which Land and buildings: -€218,250
- Intangible fixed assets +€204,750
new in 2025: €204,750
- Cash +€8,604
up €8,604 (+22.2%), from €38,735 to €47,340
mainly Other debts (+€93,960) and Net result for the year (+€36,977)
- Other debts +€93,960
up €93,960 (+940%), from €10,000 to €103,960
- Short-term financial debts -€83,960
no longer reported in 2025 (was €83,960)
- Current portion of long-term debt -€25,772
no longer reported in 2025 (was €25,772)
- Profit (loss) carried forward +€16,977
up €16,977 (+27.4%), from €62,038 to €79,015
- Gross operating margin +€31,572
up €31,572 (+30.7%), from €102,889 to €134,462
- Depreciation -€14,152
down €14,152 (-36.5%), from €38,739 to €24,587
- Staff costs +€12,417
up €12,417 (+29.1%), from €42,645 to €55,063
- Financial charges +€11,501
up €11,501 (+283%), from €4,057 to €15,558
- Other operating charges +€1,541
up €1,541 (+210%), from €735 to €2,276
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 | €374,502 | €372,437 | -€2,065 | -0.6% |
| Fixed assets | 21/28 | €335,760 | €321,675 | -€14,085 | -4.2% |
| Intangible fixed assets | 21 | - | €204,750 | +€204,750 | |
| Tangible fixed assets | 22/27 | €335,760 | €116,925 | -€218,835 | -65.2% |
| Land and buildings | 22 | €218,250 | - | -€218,250 | |
| Plant, machinery and equipment | 23 | €84,237 | €72,105 | -€12,133 | -14.4% |
| Furniture and vehicles | 24 | €33,272 | €44,820 | +€11,548 | +34.7% |
| Current assets | 29/58 | €38,742 | €50,762 | +€12,020 | +31.0% |
| Amounts receivable within one year | 40/41 | €7 | €3,422 | +€3,416 | +50,905% |
| Other amounts receivable | 41 | €7 | €3,422 | +€3,416 | +50,905% |
| Cash at bank and in hand | 54/58 | €38,735 | €47,340 | +€8,604 | +22.2% |
| Total equity and liabilities | 10/49 | €374,502 | €372,437 | -€2,065 | -0.6% |
| Equity | 10/15 | €86,046 | €103,023 | +€16,977 | +19.7% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Reserves | 13 | €11,608 | €9,748 | -€1,860 | -16.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €9,748 | €9,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,038 | €79,015 | +€16,977 | +27.4% |
| Amounts payable | 17/49 | €288,456 | €269,414 | -€19,042 | -6.6% |
| Amounts payable after more than one year | 17 | €146,003 | €146,003 | = | 0.0% |
| Financial debts | 170/4 | €146,003 | €146,003 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,452 | €123,411 | -€19,042 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €25,772 | - | -€25,772 | |
| Financial debts | 43 | €83,960 | - | -€83,960 | |
| Other loans | 439 | €83,960 | - | -€83,960 | |
| Trade debts | 44 | €20,441 | €19,451 | -€990 | -4.8% |
| Suppliers | 440/4 | €20,441 | €19,451 | -€990 | -4.8% |
| Taxes, remuneration and social security | 45 | €2,280 | - | -€2,280 | |
| Taxes | 450/3 | €2,280 | - | -€2,280 | |
| Other amounts payable | 47/48 | €10,000 | €103,960 | +€93,960 | +940% |
| Remuneration, social security and pensions | 62 | €42,645 | €55,063 | +€12,417 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,739 | €24,587 | -€14,152 | -36.5% |
| Other operating charges | 640/8 | €735 | €2,276 | +€1,541 | +210% |
| Gross operating margin | 9900 | €102,889 | €134,462 | +€31,572 | +30.7% |
| Operating profit (loss) | 9901 | €20,770 | €52,535 | +€31,765 | +153% |
| Financial charges | 65/66B | €4,057 | €15,558 | +€11,501 | +283% |
| Recurring financial charges | 65 | €4,057 | €15,558 | +€11,501 | +283% |
| Profit (loss) for the period before taxes | 9903 | €16,713 | €36,977 | +€20,264 | +121% |
| Profit (loss) for the period | 9904 | €16,713 | €36,977 | +€20,264 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €16,713 | €36,977 | +€20,264 | +121% |
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 14 October 2026 via checked.be.