POM: 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.
POM
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+51.0%), from €2.1m to €3.1m
of which Other amounts receivable: +€656,760
- Cash +€399,369
up €399,369 (+127.6%), from €313,076 to €712,445
mainly Trade debts (+€1.0m) and Net result for the year (+€601,967)
- Intangible fixed assets +€228,550
up €228,550 (+12.3%), from €1.9m to €2.1m
- Trade debts +€1.0m
up €1.0m (+90.4%), from €1.1m to €2.2m
- Reserves +€601,967
up €601,967 (+435.3%), from €138,285 to €740,252
of which Distributable reserves: +€596,967
- Debts after one year -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Current portion of long-term debt +€400,000
new in 2025: €400,000
- Other debts -€342,640
down €342,640 (-80.9%), from €423,640 to €81,000
- Gross operating margin -€378,055
down €378,055 (-14.3%), from €2.6m to €2.3m
- Staff costs +€166,846
up €166,846 (+18.9%), from €884,081 to €1.1m
- Depreciation +€129,458
up €129,458 (+46.3%), from €279,608 to €409,066
- Taxes +€82,381
up €82,381 (+66.5%), from €123,820 to €206,201
- Financial income +€27,862
up €27,862 (+182.3%), from €15,285 to €43,147
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 | €4,334,401 | €5,976,103 | +€1.6m | +37.9% |
| Fixed assets | 21/28 | €1,914,979 | €2,132,629 | +€217,650 | +11.4% |
| Intangible fixed assets | 21 | €1,861,715 | €2,090,265 | +€228,550 | +12.3% |
| Tangible fixed assets | 22/27 | €47,375 | €37,125 | -€10,250 | -21.6% |
| Furniture and vehicles | 24 | €37,783 | €29,577 | -€8,206 | -21.7% |
| Other tangible fixed assets | 26 | €9,592 | €7,548 | -€2,044 | -21.3% |
| Financial fixed assets | 28 | €5,888 | €5,238 | -€650 | -11.0% |
| Current assets | 29/58 | €2,419,423 | €3,843,473 | +€1.4m | +58.9% |
| Amounts receivable within one year | 40/41 | €2,058,880 | €3,109,906 | +€1.1m | +51.0% |
| Trade receivables | 40 | €1,410,082 | €1,804,348 | +€394,266 | +28.0% |
| Other amounts receivable | 41 | €648,798 | €1,305,558 | +€656,760 | +101.2% |
| Cash at bank and in hand | 54/58 | €313,076 | €712,445 | +€399,369 | +127.6% |
| Deferred charges and accrued income | 490/1 | €47,467 | €21,123 | -€26,344 | -55.5% |
| Total equity and liabilities | 10/49 | €4,334,401 | €5,976,103 | +€1.6m | +37.9% |
| Equity | 10/15 | €1,726,830 | €2,328,797 | +€601,967 | +34.9% |
| Contributions | 10/11 | €1,588,545 | €1,588,545 | -€0 | 0.0% |
| Capital | 10 | €1,432,852 | €1,432,852 | +€0 | 0.0% |
| Issued capital | 100 | €1,432,852 | €1,432,852 | +€0 | 0.0% |
| Contributions outside capital | 11 | €155,693 | €155,693 | -€0 | 0.0% |
| Share premium | 1100/10 | €155,693 | €155,693 | -€0 | 0.0% |
| Reserves | 13 | €138,285 | €740,252 | +€601,967 | +435.3% |
| Non-distributable reserves | 130/1 | €138,285 | €143,285 | +€5,000 | +3.6% |
| Legal reserve | 130 | €138,285 | €143,285 | +€5,000 | +3.6% |
| Distributable reserves | 133 | - | €596,967 | +€596,967 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,607,571 | €3,647,305 | +€1.0m | +39.9% |
| Amounts payable after more than one year | 17 | €400,000 | €0 | -€400,000 | -100.0% |
| Financial debts | 170/4 | €400,000 | €0 | -€400,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,740,199 | €2,967,975 | +€1.2m | +70.6% |
| Current portion of amounts payable after more than one year | 42 | - | €400,000 | +€400,000 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,148,658 | €2,187,533 | +€1.0m | +90.4% |
| Suppliers | 440/4 | €1,148,658 | €2,187,533 | +€1.0m | +90.4% |
| Taxes, remuneration and social security | 45 | €167,901 | €299,442 | +€131,541 | +78.3% |
| Taxes | 450/3 | €59,018 | €83,532 | +€24,514 | +41.5% |
| Remuneration and social security | 454/9 | €108,883 | €215,910 | +€107,027 | +98.3% |
| Other amounts payable | 47/48 | €423,640 | €81,000 | -€342,640 | -80.9% |
| Accrued charges and deferred income | 492/3 | €467,372 | €679,331 | +€211,959 | +45.4% |
| Non-recurring operating income | 76A | - | €733 | +€733 | |
| Remuneration, social security and pensions | 62 | €884,081 | €1,050,927 | +€166,846 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,608 | €409,066 | +€129,458 | +46.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,464 | +€19,464 | |
| Other operating charges | 640/8 | €2,178 | €4,509 | +€2,331 | +107.0% |
| Non-recurring operating charges | 66A | €300 | €0 | -€300 | -100.0% |
| Gross operating margin | 9900 | €2,636,608 | €2,258,553 | -€378,055 | -14.3% |
| Operating profit (loss) | 9901 | €1,470,441 | €774,586 | -€695,855 | -47.3% |
| Financial income | 75/76B | €15,285 | €43,147 | +€27,862 | +182.3% |
| Recurring financial income | 75 | €15,285 | €43,147 | +€27,862 | +182.3% |
| Financial charges | 65/66B | €8,167 | €9,566 | +€1,399 | +17.1% |
| Recurring financial charges | 65 | €8,167 | €9,566 | +€1,399 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,477,559 | €808,168 | -€669,391 | -45.3% |
| Income taxes | 67/77 | €123,820 | €206,201 | +€82,381 | +66.5% |
| Profit (loss) for the period | 9904 | €1,353,739 | €601,967 | -€751,772 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,353,739 | €601,967 | -€751,772 | -55.5% |
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 12 October 2026 via checked.be.