POLE POSITION CAR: 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.
POLE POSITION CAR
Largest movements
- Stocks and contracts -€13,850
down €13,850 (-24.8%), from €55,800 to €41,950
- Receivables within one year -€2,096
down €2,096 (-100.0%), from €2,096 to €0
of which Other amounts receivable: -€2,096
- Tangible fixed assets +€1,901
up €1,901 (+56.6%), from €3,360 to €5,261
of which Other tangible fixed assets: +€1,901
- Intangible fixed assets +€1,501
new in 2025: €1,501
- Cash +€1,348
up €1,348 (+95.8%), from €1,407 to €2,755
mainly Stocks and contracts (+€13,850) and Other debts (+€4,508)
- Current portion of long-term debt -€6,916
down €6,916 (-58.6%), from €11,804 to €4,889
- Debts after one year -€4,889
down €4,889 (-28.0%), from €17,453 to €12,565
- Other debts +€4,508
up €4,508 (+73.4%), from €6,146 to €10,654
- Profit (loss) carried forward -€3,755
down €3,755 (-14.8%), from -€25,330 to -€29,085
- Tax, wage and social debts -€1,870
down €1,870 (-19.6%), from €9,562 to €7,692
- Gross operating margin -€20,229
down €20,229 (-89.0%), from €22,730 to €2,501
- Depreciation +€1,285
up €1,285 (+261.1%), from €492 to €1,777
- Financial charges +€732
up €732 (+32.8%), from €2,234 to €2,966
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 | €63,325 | €52,153 | -€11,172 | -17.6% |
| Fixed assets | 21/28 | €3,360 | €6,762 | +€3,402 | +101.2% |
| Intangible fixed assets | 21 | - | €1,501 | +€1,501 | |
| Tangible fixed assets | 22/27 | €3,360 | €5,261 | +€1,901 | +56.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,360 | €5,261 | +€1,901 | +56.6% |
| Current assets | 29/58 | €59,965 | €45,391 | -€14,574 | -24.3% |
| Stocks and contracts in progress | 3 | €55,800 | €41,950 | -€13,850 | -24.8% |
| Stocks | 30/36 | €55,800 | €41,950 | -€13,850 | -24.8% |
| Amounts receivable within one year | 40/41 | €2,096 | €0 | -€2,096 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,096 | €0 | -€2,096 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,407 | €2,755 | +€1,348 | +95.8% |
| Deferred charges and accrued income | 490/1 | €661 | €686 | +€24 | +3.7% |
| Total equity and liabilities | 10/49 | €63,325 | €52,153 | -€11,172 | -17.6% |
| Equity | 10/15 | €5,889 | €2,134 | -€3,755 | -63.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,626 | €12,626 | = | 0.0% |
| Distributable reserves | 133 | €12,626 | €12,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,330 | -€29,085 | -€3,755 | -14.8% |
| Amounts payable | 17/49 | €57,436 | €50,019 | -€7,417 | -12.9% |
| Amounts payable after more than one year | 17 | €17,453 | €12,565 | -€4,889 | -28.0% |
| Financial debts | 170/4 | €17,453 | €12,565 | -€4,889 | -28.0% |
| Amounts payable within one year | 42/48 | €39,934 | €37,101 | -€2,833 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €11,804 | €4,889 | -€6,916 | -58.6% |
| Financial debts | 43 | €9,468 | €9,054 | -€415 | -4.4% |
| Credit institutions | 430/8 | €9,468 | €9,054 | -€415 | -4.4% |
| Trade debts | 44 | €2,953 | €4,813 | +€1,859 | +63.0% |
| Suppliers | 440/4 | €2,953 | €4,813 | +€1,859 | +63.0% |
| Taxes, remuneration and social security | 45 | €9,562 | €7,692 | -€1,870 | -19.6% |
| Taxes | 450/3 | €9,562 | €7,692 | -€1,870 | -19.6% |
| Other amounts payable | 47/48 | €6,146 | €10,654 | +€4,508 | +73.4% |
| Accrued charges and deferred income | 492/3 | €49 | €354 | +€305 | +619.4% |
| Non-recurring operating income | 76A | €17,055 | €0 | -€17,055 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €1,777 | +€1,285 | +261.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,278 | €1,383 | +€105 | +8.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,730 | €2,501 | -€20,229 | -89.0% |
| Operating profit (loss) | 9901 | €20,960 | -€659 | -€21,619 | |
| Financial income | 75/76B | €16 | €10 | -€5 | -34.6% |
| Recurring financial income | 75 | €16 | €10 | -€5 | -34.6% |
| Financial charges | 65/66B | €2,234 | €2,966 | +€732 | +32.8% |
| Recurring financial charges | 65 | €2,234 | €2,966 | +€732 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €18,742 | -€3,614 | -€22,356 | |
| Income taxes | 67/77 | €256 | €141 | -€115 | -44.9% |
| Profit (loss) for the period | 9904 | €18,486 | -€3,755 | -€22,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,486 | -€3,755 | -€22,242 |
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.