PONAWIS: 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.
PONAWIS
Largest movements
- Cash -€15,077
no longer reported in 2025 (was €15,077)
mainly Receivables within one year (-€7,261) and Net result for the year (-€6,396)
- Receivables within one year +€7,261
up €7,261 (+291%), from €2,494 to €9,756
of which Trade receivables: +€7,422
- Current investments +€6,317
new in 2025: €6,317
- Stocks and contracts -€5,510
down €5,510 (-37.3%), from €14,760 to €9,250
- Tangible fixed assets -€3,277
down €3,277 (-63.7%), from €5,147 to €1,870
of which Land and buildings: -€3,053
- Profit (loss) carried forward -€6,396
down €6,396 (-7.2%), from -€89,025 to -€95,420
- Other debts -€2,282
down €2,282 (-2.3%), from €101,080 to €98,798
- Trade debts -€1,979
down €1,979 (-42.1%), from €4,698 to €2,718
- Gross operating margin -€10,795
down €10,795, from €9,295 to -€1,500
- Other operating charges +€267
up €267 (+46.9%), from €570 to €837
- Depreciation +€195
up €195 (+5.3%), from €3,681 to €3,875
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 | €37,478 | €27,192 | -€10,286 | -27.4% |
| Fixed assets | 21/28 | €5,147 | €1,870 | -€3,277 | -63.7% |
| Tangible fixed assets | 22/27 | €5,147 | €1,870 | -€3,277 | -63.7% |
| Land and buildings | 22 | €4,282 | €1,229 | -€3,053 | -71.3% |
| Plant, machinery and equipment | 23 | €532 | €594 | +€61 | +11.5% |
| Furniture and vehicles | 24 | €332 | €48 | -€285 | -85.7% |
| Current assets | 29/58 | €32,331 | €25,323 | -€7,009 | -21.7% |
| Stocks and contracts in progress | 3 | €14,760 | €9,250 | -€5,510 | -37.3% |
| Stocks | 30/36 | €14,760 | €9,250 | -€5,510 | -37.3% |
| Amounts receivable within one year | 40/41 | €2,494 | €9,756 | +€7,261 | +291% |
| Trade receivables | 40 | €2,281 | €9,703 | +€7,422 | +325% |
| Other amounts receivable | 41 | €213 | €52 | -€161 | -75.5% |
| Current investments | 50/53 | - | €6,317 | +€6,317 | |
| Cash at bank and in hand | 54/58 | €15,077 | - | -€15,077 | |
| Total equity and liabilities | 10/49 | €37,478 | €27,192 | -€10,286 | -27.4% |
| Equity | 10/15 | -€68,565 | -€74,960 | -€6,396 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,025 | -€95,420 | -€6,396 | -7.2% |
| Amounts payable | 17/49 | €106,042 | €102,152 | -€3,890 | -3.7% |
| Amounts payable within one year | 42/48 | €106,042 | €102,152 | -€3,890 | -3.7% |
| Trade debts | 44 | €4,698 | €2,718 | -€1,979 | -42.1% |
| Suppliers | 440/4 | €4,698 | €2,718 | -€1,979 | -42.1% |
| Taxes, remuneration and social security | 45 | €265 | €636 | +€371 | +140% |
| Taxes | 450/3 | €265 | €636 | +€371 | +140% |
| Other amounts payable | 47/48 | €101,080 | €98,798 | -€2,282 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,681 | €3,875 | +€195 | +5.3% |
| Other operating charges | 640/8 | €570 | €837 | +€267 | +46.9% |
| Gross operating margin | 9900 | €9,295 | -€1,500 | -€10,795 | |
| Operating profit (loss) | 9901 | €5,045 | -€6,212 | -€11,257 | |
| Financial charges | 65/66B | €161 | €184 | +€23 | +14.1% |
| Recurring financial charges | 65 | €161 | €184 | +€23 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €4,884 | -€6,396 | -€11,279 | |
| Profit (loss) for the period | 9904 | €4,884 | -€6,396 | -€11,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,884 | -€6,396 | -€11,279 |
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 19 October 2026 via checked.be.