PONDES: 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.
PONDES
Largest movements
- Tangible fixed assets -€35,326
down €35,326 (-3.4%), from €1.0m to €997,443
- Other debts -€55,639
down €55,639 (-37.4%), from €148,817 to €93,178
- Reserves +€31,974
up €31,974 (+5.5%), from €576,920 to €608,894
of which Distributable reserves: +€40,578
- Gross operating margin +€10,049
up €10,049 (+9.0%), from €112,160 to €122,209
- Taxes +€6,197
up €6,197 (+48.6%), from €12,739 to €18,936
- Depreciation +€4,787
up €4,787 (+12.1%), from €39,501 to €44,289
- Financial charges -€3,753
down €3,753 (-24.8%), from €15,145 to €11,391
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 | €1,045,461 | €1,008,218 | -€37,243 | -3.6% |
| Fixed assets | 21/28 | €1,032,768 | €997,443 | -€35,326 | -3.4% |
| Tangible fixed assets | 22/27 | €1,032,768 | €997,443 | -€35,326 | -3.4% |
| Land and buildings | 22 | €1,032,768 | €997,443 | -€35,326 | -3.4% |
| Current assets | 29/58 | €12,692 | €10,775 | -€1,917 | -15.1% |
| Cash at bank and in hand | 54/58 | €12,692 | €10,775 | -€1,917 | -15.1% |
| Total equity and liabilities | 10/49 | €1,045,461 | €1,008,218 | -€37,243 | -3.6% |
| Equity | 10/15 | €787,707 | €819,682 | +€31,974 | +4.1% |
| Contributions | 10/11 | €210,787 | €210,787 | = | 0.0% |
| Capital | 10 | €210,787 | €210,787 | = | 0.0% |
| Issued capital | 100 | €210,787 | €210,787 | = | 0.0% |
| Reserves | 13 | €576,920 | €608,894 | +€31,974 | +5.5% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,050 | €22,446 | -€8,603 | -27.7% |
| Distributable reserves | 133 | €496,292 | €536,869 | +€40,578 | +8.2% |
| Provisions and deferred taxes | 16 | €10,350 | €7,482 | -€2,868 | -27.7% |
| Deferred taxes | 168 | €10,350 | €7,482 | -€2,868 | -27.7% |
| Amounts payable | 17/49 | €247,404 | €181,054 | -€66,349 | -26.8% |
| Amounts payable after more than one year | 17 | €72,094 | €65,044 | -€7,050 | -9.8% |
| Financial debts | 170/4 | €72,094 | €65,044 | -€7,050 | -9.8% |
| Amounts payable within one year | 42/48 | €160,948 | €107,528 | -€53,420 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €6,798 | €7,050 | +€252 | +3.7% |
| Trade debts | 44 | €733 | €375 | -€358 | -48.9% |
| Suppliers | 440/4 | €733 | €375 | -€358 | -48.9% |
| Taxes, remuneration and social security | 45 | €4,600 | €6,925 | +€2,325 | +50.5% |
| Taxes | 450/3 | €4,600 | €6,925 | +€2,325 | +50.5% |
| Other amounts payable | 47/48 | €148,817 | €93,178 | -€55,639 | -37.4% |
| Accrued charges and deferred income | 492/3 | €14,362 | €8,482 | -€5,879 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,501 | €44,289 | +€4,787 | +12.1% |
| Other operating charges | 640/8 | €18,064 | €18,523 | +€460 | +2.5% |
| Gross operating margin | 9900 | €112,160 | €122,209 | +€10,049 | +9.0% |
| Operating profit (loss) | 9901 | €54,595 | €59,397 | +€4,802 | +8.8% |
| Financial income | 75/76B | €35 | €37 | +€2 | +5.3% |
| Recurring financial income | 75 | €35 | €37 | +€2 | +5.3% |
| Financial charges | 65/66B | €15,145 | €11,391 | -€3,753 | -24.8% |
| Recurring financial charges | 65 | €15,145 | €11,391 | -€3,753 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €39,485 | €48,043 | +€8,558 | +21.7% |
| Transfer from deferred taxes | 780 | €2,868 | €2,868 | = | 0.0% |
| Income taxes | 67/77 | €12,739 | €18,936 | +€6,197 | +48.6% |
| Profit (loss) for the period | 9904 | €29,614 | €31,974 | +€2,360 | +8.0% |
| Transfer from tax-exempt reserves | 789 | €8,603 | €8,603 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,217 | €40,578 | +€2,360 | +6.2% |
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 2 October 2026 via checked.be.