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
- Receivables within one year +€116,480
up €116,480 (+24.8%), from €470,042 to €586,522
of which Trade receivables: +€65,168
- Tangible fixed assets +€78,774
up €78,774 (+65.2%), from €120,844 to €199,618
of which Leasing and similar rights: +€58,670
- Stocks and contracts +€11,690
up €11,690 (+3.8%), from €311,632 to €323,322
- Advances received +€100,746
new in 2025: €100,746
- Trade debts +€64,419
up €64,419 (+48.5%), from €132,936 to €197,355
- Debts after one year +€46,647
up €46,647 (+106%), from €44,170 to €90,817
- Other debts -€25,479
down €25,479 (-16.2%), from €156,894 to €131,415
- Current portion of long-term debt +€23,742
up €23,742 (+70.6%), from €33,624 to €57,366
- Gross operating margin +€43,554
up €43,554 (+21.9%), from €198,607 to €242,160
- Staff costs +€42,723
up €42,723 (+40.9%), from €104,478 to €147,202
- Depreciation +€10,486
up €10,486 (+35.4%), from €29,639 to €40,125
- Financial charges -€3,766
down €3,766 (-24.7%), from €15,235 to €11,468
- Taxes -€3,060
down €3,060 (-26.6%), from €11,514 to €8,453
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 | €913,167 | €1,127,685 | +€214,518 | +23.5% |
| Fixed assets | 21/28 | €121,249 | €200,023 | +€78,774 | +65.0% |
| Tangible fixed assets | 22/27 | €120,844 | €199,618 | +€78,774 | +65.2% |
| Land and buildings | 22 | €66,903 | €53,413 | -€13,490 | -20.2% |
| Plant, machinery and equipment | 23 | €7,343 | €50,015 | +€42,672 | +581% |
| Furniture and vehicles | 24 | €46,598 | €37,520 | -€9,078 | -19.5% |
| Leasing and similar rights | 25 | - | €58,670 | +€58,670 | |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €791,918 | €927,662 | +€135,744 | +17.1% |
| Stocks and contracts in progress | 3 | €311,632 | €323,322 | +€11,690 | +3.8% |
| Stocks | 30/36 | €311,632 | €323,322 | +€11,690 | +3.8% |
| Amounts receivable within one year | 40/41 | €470,042 | €586,522 | +€116,480 | +24.8% |
| Trade receivables | 40 | €466,626 | €531,794 | +€65,168 | +14.0% |
| Other amounts receivable | 41 | €3,416 | €54,728 | +€51,312 | +1,502% |
| Cash at bank and in hand | 54/58 | €1,107 | €8,340 | +€7,233 | +654% |
| Deferred charges and accrued income | 490/1 | €9,137 | €9,478 | +€341 | +3.7% |
| Total equity and liabilities | 10/49 | €913,167 | €1,127,685 | +€214,518 | +23.5% |
| Equity | 10/15 | €434,615 | €457,236 | +€22,621 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €74,481 | +€22,621 | +43.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €72,621 | +€22,621 | +45.2% |
| Profit (loss) carried forward | 14 | €376,555 | €376,555 | = | 0.0% |
| Amounts payable | 17/49 | €478,552 | €670,449 | +€191,897 | +40.1% |
| Amounts payable after more than one year | 17 | €44,170 | €90,817 | +€46,647 | +106% |
| Financial debts | 170/4 | €44,170 | €90,817 | +€46,647 | +106% |
| Amounts payable within one year | 42/48 | €432,816 | €578,365 | +€145,548 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €33,624 | €57,366 | +€23,742 | +70.6% |
| Financial debts | 43 | €97,959 | €75,000 | -€22,959 | -23.4% |
| Credit institutions | 430/8 | €97,959 | €75,000 | -€22,959 | -23.4% |
| Trade debts | 44 | €132,936 | €197,355 | +€64,419 | +48.5% |
| Suppliers | 440/4 | €132,936 | €197,355 | +€64,419 | +48.5% |
| Advances received on contracts in progress | 46 | - | €100,746 | +€100,746 | |
| Taxes, remuneration and social security | 45 | €11,403 | €16,483 | +€5,080 | +44.5% |
| Taxes | 450/3 | €3 | - | -€3 | |
| Remuneration and social security | 454/9 | €11,400 | €16,483 | +€5,083 | +44.6% |
| Other amounts payable | 47/48 | €156,894 | €131,415 | -€25,479 | -16.2% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,267 | -€299 | -19.1% |
| Remuneration, social security and pensions | 62 | €104,478 | €147,202 | +€42,723 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,639 | €40,125 | +€10,486 | +35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,372 | €8,372 | = | 0.0% |
| Other operating charges | 640/8 | €4,379 | €4,480 | +€101 | +2.3% |
| Gross operating margin | 9900 | €198,607 | €242,160 | +€43,554 | +21.9% |
| Operating profit (loss) | 9901 | €51,738 | €41,981 | -€9,757 | -18.9% |
| Financial income | 75/76B | €6 | €561 | +€555 | +8,670% |
| Recurring financial income | 75 | €6 | €561 | +€555 | +8,670% |
| Financial charges | 65/66B | €15,235 | €11,468 | -€3,766 | -24.7% |
| Recurring financial charges | 65 | €15,235 | €11,468 | -€3,766 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €36,510 | €31,074 | -€5,436 | -14.9% |
| Income taxes | 67/77 | €11,514 | €8,453 | -€3,060 | -26.6% |
| Profit (loss) for the period | 9904 | €24,996 | €22,621 | -€2,375 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,996 | €22,621 | -€2,375 | -9.5% |
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 22 October 2026 via checked.be.