PONCELET MC²: 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 MC²
Largest movements
- Receivables within one year -€54,851
down €54,851 (-93.5%), from €58,685 to €3,834
of which Trade receivables: -€55,446
- Cash +€40,942
up €40,942 (+437%), from €9,374 to €50,316
mainly Other debts (+€94,655) and Receivables within one year (+€54,851)
- Reserves -€117,999
down €117,999 (-51.5%), from €229,051 to €111,052
of which Distributable reserves: -€118,000
- Other debts +€94,655
up €94,655 (+27,436%), from €345 to €95,000
- Tax, wage and social debts +€7,481
up €7,481 (+63.3%), from €11,818 to €19,299
- Depreciation -€30,027
no longer reported in 2025 (was €30,027)
- Gross operating margin -€8,038
down €8,038 (-15.0%), from €53,651 to €45,613
- Purchases and services +€7,251
up €7,251 (+13.2%), from €54,796 to €62,047
- Taxes +€3,613
up €3,613 (+1,445%), from €250 to €3,863
- Other operating charges +€3,171
up €3,171 (+55.2%), from €5,743 to €8,914
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 | €596,495 | €584,452 | -€12,043 | -2.0% |
| Fixed assets | 21/28 | €528,436 | €530,303 | +€1,867 | +0.4% |
| Tangible fixed assets | 22/27 | €527,359 | €529,226 | +€1,867 | +0.4% |
| Land and buildings | 22 | €442,030 | €442,029 | -€1 | 0.0% |
| Plant, machinery and equipment | 23 | €14,866 | €14,866 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €70,463 | €72,330 | +€1,867 | +2.6% |
| Financial fixed assets | 28 | €1,077 | €1,077 | +€0 | 0.0% |
| Current assets | 29/58 | €68,059 | €54,150 | -€13,909 | -20.4% |
| Amounts receivable within one year | 40/41 | €58,685 | €3,834 | -€54,851 | -93.5% |
| Trade receivables | 40 | €58,685 | €3,239 | -€55,446 | -94.5% |
| Other amounts receivable | 41 | - | €595 | +€595 | |
| Cash at bank and in hand | 54/58 | €9,374 | €50,316 | +€40,942 | +437% |
| Total equity and liabilities | 10/49 | €596,495 | €584,452 | -€12,043 | -2.0% |
| Equity | 10/15 | €583,963 | €466,754 | -€117,209 | -20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,051 | €111,052 | -€117,999 | -51.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,043 | €9,043 | +€0 | 0.0% |
| Distributable reserves | 133 | €218,148 | €100,148 | -€118,000 | -54.1% |
| Profit (loss) carried forward | 14 | €342,512 | €343,302 | +€790 | +0.2% |
| Amounts payable | 17/49 | €12,532 | €117,698 | +€105,166 | +839% |
| Amounts payable within one year | 42/48 | €12,532 | €117,698 | +€105,166 | +839% |
| Trade debts | 44 | €369 | €3,399 | +€3,030 | +821% |
| Suppliers | 440/4 | €369 | €3,399 | +€3,030 | +821% |
| Taxes, remuneration and social security | 45 | €11,818 | €19,299 | +€7,481 | +63.3% |
| Taxes | 450/3 | €11,818 | €19,299 | +€7,481 | +63.3% |
| Other amounts payable | 47/48 | €345 | €95,000 | +€94,655 | +27,436% |
| Turnover | 70 | €108,447 | €107,659 | -€788 | -0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €54,796 | €62,047 | +€7,251 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,027 | - | -€30,027 | |
| Other operating charges | 640/8 | €5,743 | €8,914 | +€3,171 | +55.2% |
| Gross operating margin | 9900 | €53,651 | €45,613 | -€8,038 | -15.0% |
| Operating profit (loss) | 9901 | €17,881 | €36,699 | +€18,818 | +105% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €47 | €47 | +€0 | +1.0% |
| Recurring financial charges | 65 | €47 | €47 | +€0 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €17,834 | €36,654 | +€18,820 | +106% |
| Income taxes | 67/77 | €250 | €3,863 | +€3,613 | +1,445% |
| Profit (loss) for the period | 9904 | €17,584 | €32,791 | +€15,207 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,584 | €32,791 | +€15,207 | +86.5% |
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 14 October 2026 via checked.be.