PONCELET Construction: 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.
PONCELET Construction
Largest movements
- Receivables within one year +€48,516
up €48,516 (+127.9%), from €37,937 to €86,453
of which Trade receivables: +€39,813
- Cash +€15,766
up €15,766 (+19.2%), from €81,913 to €97,679
mainly Net result for the year (+€84,326) and Depreciation (+€60,073)
- Tangible fixed assets -€9,882
down €9,882 (-4.0%), from €247,028 to €237,145
of which Furniture and vehicles: -€44,451
- Stocks and contracts +€7,654
up €7,654 (+30.8%), from €24,824 to €32,478
- Profit (loss) carried forward +€84,326
up €84,326 (+142.4%), from €59,212 to €143,538
- Trade debts -€18,447
down €18,447 (-31.1%), from €59,235 to €40,788
- Gross operating margin +€60,661
up €60,661 (+48.4%), from €125,382 to €186,043
- Taxes +€13,490
up €13,490 (+77.5%), from €17,411 to €30,901
- Depreciation +€9,372
up €9,372 (+18.5%), from €50,701 to €60,073
- Other operating charges -€2,558
down €2,558 (-76.0%), from €3,365 to €808
- Financial charges +€2,474
up €2,474 (+32.1%), from €7,698 to €10,172
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 | €394,731 | €460,685 | +€65,954 | +16.7% |
| Fixed assets | 21/28 | €247,233 | €237,350 | -€9,882 | -4.0% |
| Tangible fixed assets | 22/27 | €247,028 | €237,145 | -€9,882 | -4.0% |
| Land and buildings | 22 | €6,014 | €4,464 | -€1,550 | -25.8% |
| Plant, machinery and equipment | 23 | €32,068 | €68,187 | +€36,119 | +112.6% |
| Furniture and vehicles | 24 | €208,945 | €164,494 | -€44,451 | -21.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €147,499 | €223,334 | +€75,836 | +51.4% |
| Stocks and contracts in progress | 3 | €24,824 | €32,478 | +€7,654 | +30.8% |
| Stocks | 30/36 | €24,824 | €32,478 | +€7,654 | +30.8% |
| Amounts receivable within one year | 40/41 | €37,937 | €86,453 | +€48,516 | +127.9% |
| Trade receivables | 40 | €17,608 | €57,420 | +€39,813 | +226.1% |
| Other amounts receivable | 41 | €20,329 | €29,032 | +€8,703 | +42.8% |
| Cash at bank and in hand | 54/58 | €81,913 | €97,679 | +€15,766 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,824 | €6,725 | +€3,901 | +138.1% |
| Total equity and liabilities | 10/49 | €394,731 | €460,685 | +€65,954 | +16.7% |
| Equity | 10/15 | €79,212 | €163,538 | +€84,326 | +106.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,212 | €143,538 | +€84,326 | +142.4% |
| Amounts payable | 17/49 | €315,519 | €297,147 | -€18,372 | -5.8% |
| Amounts payable after more than one year | 17 | €60,141 | €58,330 | -€1,811 | -3.0% |
| Financial debts | 170/4 | €60,141 | €58,330 | -€1,811 | -3.0% |
| Amounts payable within one year | 42/48 | €251,769 | €233,224 | -€18,545 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €27,240 | €27,602 | +€362 | +1.3% |
| Trade debts | 44 | €59,235 | €40,788 | -€18,447 | -31.1% |
| Suppliers | 440/4 | €59,235 | €40,788 | -€18,447 | -31.1% |
| Taxes, remuneration and social security | 45 | €4,649 | €4,564 | -€84 | -1.8% |
| Taxes | 450/3 | €2,419 | €54 | -€2,365 | -97.8% |
| Remuneration and social security | 454/9 | €2,230 | €4,511 | +€2,281 | +102.3% |
| Other amounts payable | 47/48 | €160,645 | €160,269 | -€376 | -0.2% |
| Accrued charges and deferred income | 492/3 | €3,609 | €5,593 | +€1,983 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,701 | €60,073 | +€9,372 | +18.5% |
| Other operating charges | 640/8 | €3,365 | €808 | -€2,558 | -76.0% |
| Non-recurring operating charges | 66A | €946 | - | -€946 | |
| Gross operating margin | 9900 | €125,382 | €186,043 | +€60,661 | +48.4% |
| Operating profit (loss) | 9901 | €70,369 | €125,162 | +€54,793 | +77.9% |
| Financial income | 75/76B | €604 | €236 | -€368 | -60.9% |
| Recurring financial income | 75 | €604 | €236 | -€368 | -60.9% |
| Financial charges | 65/66B | €7,698 | €10,172 | +€2,474 | +32.1% |
| Recurring financial charges | 65 | €7,698 | €10,172 | +€2,474 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €63,276 | €115,226 | +€51,951 | +82.1% |
| Income taxes | 67/77 | €17,411 | €30,901 | +€13,490 | +77.5% |
| Profit (loss) for the period | 9904 | €45,865 | €84,326 | +€38,461 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,865 | €84,326 | +€38,461 | +83.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.