POLE: what changed
Two fiscal 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.
POLE
Largest movements
- Cash +€8,424
up €8,424 (+36.0%), from €23,420 to €31,844
mainly Net result for the year (+€70,247) and Depreciation (+€20,798)
- Receivables within one year -€6,239
down €6,239 (-21.4%), from €29,218 to €22,979
of which Trade receivables: -€6,526
- Tangible fixed assets -€6,185
down €6,185 (-4.3%), from €144,669 to €138,484
of which Furniture and vehicles: -€6,044
- Profit (loss) carried forward +€71,343
up €71,343 (+31.7%), from -€224,782 to -€153,439
- Other debts -€57,961
down €57,961 (-22.3%), from €260,468 to €202,507
- Debts after one year -€14,174
down €14,174 (-31.3%), from €45,303 to €31,130
- Tax, wage and social debts -€3,960
down €3,960 (-100.0%), from €3,960 to €0
- Depreciation +€7,298
up €7,298 (+54.1%), from €13,500 to €20,798
- Gross operating margin -€4,235
down €4,235 (-4.3%), from €98,641 to €94,406
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 | €199,088 | €195,110 | -€3,978 | -2.0% |
| Fixed assets | 21/28 | €144,669 | €138,484 | -€6,185 | -4.3% |
| Tangible fixed assets | 22/27 | €144,669 | €138,484 | -€6,185 | -4.3% |
| Land and buildings | 22 | €95,470 | €90,037 | -€5,433 | -5.7% |
| Plant, machinery and equipment | 23 | €13,741 | €19,033 | +€5,292 | +38.5% |
| Furniture and vehicles | 24 | €35,457 | €29,414 | -€6,044 | -17.0% |
| Current assets | 29/58 | €54,419 | €56,626 | +€2,207 | +4.1% |
| Amounts receivable after more than one year | 29 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 291 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,218 | €22,979 | -€6,239 | -21.4% |
| Trade receivables | 40 | €18,059 | €11,534 | -€6,526 | -36.1% |
| Other amounts receivable | 41 | €11,159 | €11,446 | +€287 | +2.6% |
| Cash at bank and in hand | 54/58 | €23,420 | €31,844 | +€8,424 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,780 | €1,802 | +€22 | +1.2% |
| Total equity and liabilities | 10/49 | €199,088 | €195,110 | -€3,978 | -2.0% |
| Equity | 10/15 | -€131,890 | -€61,643 | +€70,247 | +53.3% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €73,391 | €72,296 | -€1,095 | -1.5% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,859 | €8,763 | -€1,095 | -11.1% |
| Distributable reserves | 133 | €61,583 | €61,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,782 | -€153,439 | +€71,343 | +31.7% |
| Provisions and deferred taxes | 16 | €5,076 | €4,512 | -€564 | -11.1% |
| Deferred taxes | 168 | €5,076 | €4,512 | -€564 | -11.1% |
| Amounts payable | 17/49 | €325,901 | €252,240 | -€73,661 | -22.6% |
| Amounts payable after more than one year | 17 | €45,303 | €31,130 | -€14,174 | -31.3% |
| Financial debts | 170/4 | €45,303 | €31,130 | -€14,174 | -31.3% |
| Amounts payable within one year | 42/48 | €280,598 | €221,094 | -€59,504 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €13,647 | €14,174 | +€526 | +3.9% |
| Trade debts | 44 | €2,522 | €4,414 | +€1,892 | +75.0% |
| Suppliers | 440/4 | €2,522 | €4,414 | +€1,892 | +75.0% |
| Taxes, remuneration and social security | 45 | €3,960 | €0 | -€3,960 | -100.0% |
| Taxes | 450/3 | €3,960 | €0 | -€3,960 | -100.0% |
| Other amounts payable | 47/48 | €260,468 | €202,507 | -€57,961 | -22.3% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Non-recurring operating income | 76A | €1,363 | €0 | -€1,363 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €20,798 | +€7,298 | +54.1% |
| Other operating charges | 640/8 | €1,923 | €1,895 | -€28 | -1.4% |
| Gross operating margin | 9900 | €98,641 | €94,406 | -€4,235 | -4.3% |
| Operating profit (loss) | 9901 | €83,218 | €71,713 | -€11,505 | -13.8% |
| Financial income | 75/76B | €183 | €324 | +€141 | +77.1% |
| Recurring financial income | 75 | €183 | €324 | +€141 | +77.1% |
| Financial charges | 65/66B | €2,014 | €2,142 | +€128 | +6.3% |
| Recurring financial charges | 65 | €2,014 | €2,142 | +€128 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €81,387 | €69,895 | -€11,492 | -14.1% |
| Transfer from deferred taxes | 780 | €564 | €564 | = | 0.0% |
| Income taxes | 67/77 | €7 | €212 | +€204 | +2758.9% |
| Profit (loss) for the period | 9904 | €81,943 | €70,247 | -€11,696 | -14.3% |
| Transfer from tax-exempt reserves | 789 | €1,095 | €1,095 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,039 | €71,343 | -€11,696 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.