PONCELET FRERES: 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.
PONCELET FRERES
Largest movements
- Cash -€16,400
down €16,400 (-12.4%), from €132,525 to €116,126
mainly Receivables within one year (-€7,874) and Net result for the year (-€7,851)
- Receivables within one year +€7,874
up €7,874 (+17.8%), from €44,114 to €51,988
of which Other amounts receivable: +€10,862
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Reserves -€9,841
down €9,841 (-12.0%), from €81,946 to €72,104
of which Tax-exempt reserves: -€7,981
- Gross operating margin -€3,987
down €3,987, from €994 to -€2,993
- Other operating charges +€909
up €909 (+39.6%), from €2,295 to €3,204
- Financial charges +€861
up €861 (+1,242%), from €69 to €931
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 | €201,166 | €192,786 | -€8,380 | -4.2% |
| Fixed assets | 21/28 | €23,726 | €22,172 | -€1,554 | -6.6% |
| Tangible fixed assets | 22/27 | €22,896 | €22,172 | -€724 | -3.2% |
| Land and buildings | 22 | €17,494 | €17,494 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,402 | €4,678 | -€724 | -13.4% |
| Financial fixed assets | 28 | €830 | - | -€830 | |
| Current assets | 29/58 | €177,440 | €170,614 | -€6,826 | -3.8% |
| Amounts receivable within one year | 40/41 | €44,114 | €51,988 | +€7,874 | +17.8% |
| Trade receivables | 40 | €3,000 | €12 | -€2,988 | -99.6% |
| Other amounts receivable | 41 | €41,114 | €51,976 | +€10,862 | +26.4% |
| Current investments | 50/53 | €800 | - | -€800 | |
| Cash at bank and in hand | 54/58 | €132,525 | €116,126 | -€16,400 | -12.4% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €201,166 | €192,786 | -€8,380 | -4.2% |
| Equity | 10/15 | €200,637 | €192,786 | -€7,851 | -3.9% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €81,946 | €72,104 | -€9,841 | -12.0% |
| Non-distributable reserves | 130/1 | €10,774 | €8,914 | -€1,860 | -17.3% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €8,914 | €8,914 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,171 | €47,190 | -€7,981 | -14.5% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,091 | €100,221 | +€130 | +0.1% |
| Amounts payable | 17/49 | €529 | - | -€529 | |
| Amounts payable within one year | 42/48 | €529 | - | -€529 | |
| Trade debts | 44 | €529 | - | -€529 | |
| Suppliers | 440/4 | €529 | - | -€529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €724 | = | 0.0% |
| Other operating charges | 640/8 | €2,295 | €3,204 | +€909 | +39.6% |
| Non-recurring operating charges | 66A | €243 | - | -€243 | |
| Gross operating margin | 9900 | €994 | -€2,993 | -€3,987 | |
| Operating profit (loss) | 9901 | -€2,268 | -€6,920 | -€4,653 | -205% |
| Financial charges | 65/66B | €69 | €931 | +€861 | +1,242% |
| Recurring financial charges | 65 | €69 | €931 | +€861 | +1,242% |
| Profit (loss) for the period before taxes | 9903 | -€2,337 | -€7,851 | -€5,514 | -236% |
| Profit (loss) for the period | 9904 | -€2,337 | -€7,851 | -€5,514 | -236% |
| Transfer from tax-exempt reserves | 789 | - | €7,981 | +€7,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,337 | €130 | +€2,467 |
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 24 October 2026 via checked.be.