Pol BRONCKART: 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.
Pol BRONCKART
Largest movements
- Cash +€124,039
up €124,039 (+420%), from €29,568 to €153,607
mainly Receivables within one year (+€107,652) and Stocks and contracts (+€37,659)
- Receivables within one year -€107,652
down €107,652 (-55.1%), from €195,219 to €87,567
of which Trade receivables: -€96,910
- Stocks and contracts -€37,659
down €37,659 (-100%), from €37,659 to €0
- Reserves -€18,335
down €18,335 (-7.8%), from €234,479 to €216,144
of which Distributable reserves: -€18,335
- Other debts -€4,591
down €4,591 (-17.7%), from €25,875 to €21,284
- Gross operating margin +€7,640
up €7,640, from -€3,525 to €4,115
- Depreciation -€3,794
down €3,794 (-62.2%), from €6,103 to €2,310
- Financial income -€2,439
down €2,439 (-50.7%), from €4,809 to €2,370
of which Financial income: -€2,047
- Other operating charges -€344
down €344 (-16.3%), from €2,110 to €1,766
- Taxes +€165
up €165 (+154%), from €107 to €272
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 | €268,855 | €245,050 | -€23,805 | -8.9% |
| Fixed assets | 21/28 | €5,006 | €2,696 | -€2,310 | -46.1% |
| Tangible fixed assets | 22/27 | €4,049 | €1,739 | -€2,310 | -57.0% |
| Plant, machinery and equipment | 23 | €1,887 | €474 | -€1,413 | -74.9% |
| Furniture and vehicles | 24 | €2,162 | €1,265 | -€897 | -41.5% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €957 | €957 | = | 0.0% |
| Current assets | 29/58 | €263,849 | €242,354 | -€21,495 | -8.1% |
| Stocks and contracts in progress | 3 | €37,659 | €0 | -€37,659 | -100% |
| Stocks | 30/36 | €37,659 | €0 | -€37,659 | -100% |
| Amounts receivable within one year | 40/41 | €195,219 | €87,567 | -€107,652 | -55.1% |
| Trade receivables | 40 | €181,710 | €84,800 | -€96,910 | -53.3% |
| Other amounts receivable | 41 | €13,509 | €2,767 | -€10,742 | -79.5% |
| Cash at bank and in hand | 54/58 | €29,568 | €153,607 | +€124,039 | +420% |
| Deferred charges and accrued income | 490/1 | €1,403 | €1,179 | -€224 | -16.0% |
| Total equity and liabilities | 10/49 | €268,855 | €245,050 | -€23,805 | -8.9% |
| Equity | 10/15 | €238,878 | €222,281 | -€16,597 | -6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €234,479 | €216,144 | -€18,335 | -7.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €232,620 | €214,285 | -€18,335 | -7.9% |
| Profit (loss) carried forward | 14 | -€14,193 | -€12,456 | +€1,738 | +12.2% |
| Amounts payable | 17/49 | €29,977 | €22,770 | -€7,208 | -24.0% |
| Amounts payable within one year | 42/48 | €29,959 | €22,694 | -€7,265 | -24.2% |
| Trade debts | 44 | €2,951 | €413 | -€2,538 | -86.0% |
| Suppliers | 440/4 | €2,951 | €413 | -€2,538 | -86.0% |
| Taxes, remuneration and social security | 45 | €1,133 | €998 | -€135 | -11.9% |
| Taxes | 450/3 | €1,133 | €998 | -€135 | -11.9% |
| Other amounts payable | 47/48 | €25,875 | €21,284 | -€4,591 | -17.7% |
| Accrued charges and deferred income | 492/3 | €18 | €75 | +€57 | +313% |
| Non-recurring operating income | 76A | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,103 | €2,310 | -€3,794 | -62.2% |
| Other operating charges | 640/8 | €2,110 | €1,766 | -€344 | -16.3% |
| Non-recurring operating charges | 66A | €91 | - | -€91 | |
| Gross operating margin | 9900 | -€3,525 | €4,115 | +€7,640 | |
| Operating profit (loss) | 9901 | -€11,829 | €39 | +€11,869 | |
| Financial income | 75/76B | €4,809 | €2,370 | -€2,439 | -50.7% |
| Recurring financial income | 75 | €2,460 | €413 | -€2,047 | -83.2% |
| Non-recurring financial income | 76B | €2,349 | €1,957 | -€392 | -16.7% |
| Financial charges | 65/66B | €375 | €400 | +€25 | +6.7% |
| Recurring financial charges | 65 | €375 | €400 | +€25 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,396 | €2,010 | +€9,405 | |
| Income taxes | 67/77 | €107 | €272 | +€165 | +154% |
| Profit (loss) for the period | 9904 | -€7,502 | €1,738 | +€9,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,502 | €1,738 | +€9,240 |
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 30 October 2026 via checked.be.