PONDUS: 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.
PONDUS
Largest movements
- Intangible fixed assets +€180,000
new in 2025: €180,000
- Receivables within one year +€138,263
up €138,263 (+103.0%), from €134,253 to €272,516
of which Other amounts receivable: +€137,414
- Cash -€28,731
down €28,731 (-34.7%), from €82,824 to €54,093
mainly Investment in fixed assets (net) (-€206,198) and Receivables within one year (-€138,263)
- Tangible fixed assets -€10,813
down €10,813 (-9.9%), from €109,267 to €98,454
of which Plant, machinery and equipment: -€13,108
- Trade debts +€241,501
up €241,501 (+227.5%), from €106,169 to €347,671
- Profit (loss) carried forward +€54,867
up €54,867 (+799.4%), from €6,863 to €61,731
- Current portion of long-term debt +€36,759
up €36,759 (+296.1%), from €12,412 to €49,171
- Tax, wage and social debts -€22,000
down €22,000 (-62.1%), from €35,404 to €13,405
of which Taxes: -€13,246
- Contributions +€18,592
new in 2025: €18,592
- Gross operating margin +€51,559
up €51,559 (+36.7%), from €140,521 to €192,080
- Depreciation +€30,788
up €30,788 (+494.7%), from €6,223 to €37,011
- Staff costs -€7,628
down €7,628 (-10.1%), from €75,394 to €67,766
- Financial charges +€6,932
up €6,932 (+244.1%), from €2,840 to €9,772
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 | €337,745 | €616,470 | +€278,726 | +82.5% |
| Fixed assets | 21/28 | €109,267 | €278,454 | +€169,187 | +154.8% |
| Intangible fixed assets | 21 | - | €180,000 | +€180,000 | |
| Tangible fixed assets | 22/27 | €109,267 | €98,454 | -€10,813 | -9.9% |
| Plant, machinery and equipment | 23 | €93,799 | €80,691 | -€13,108 | -14.0% |
| Other tangible fixed assets | 26 | €15,468 | €17,763 | +€2,295 | +14.8% |
| Current assets | 29/58 | €228,478 | €338,016 | +€109,538 | +47.9% |
| Stocks and contracts in progress | 3 | €8,900 | €9,650 | +€750 | +8.4% |
| Stocks | 30/36 | €8,900 | €9,650 | +€750 | +8.4% |
| Amounts receivable within one year | 40/41 | €134,253 | €272,516 | +€138,263 | +103.0% |
| Trade receivables | 40 | €115,271 | €116,120 | +€849 | +0.7% |
| Other amounts receivable | 41 | €18,981 | €156,396 | +€137,414 | +723.9% |
| Cash at bank and in hand | 54/58 | €82,824 | €54,093 | -€28,731 | -34.7% |
| Deferred charges and accrued income | 490/1 | €2,501 | €1,757 | -€744 | -29.7% |
| Total equity and liabilities | 10/49 | €337,745 | €616,470 | +€278,726 | +82.5% |
| Equity | 10/15 | €67,940 | €122,808 | +€54,867 | +80.8% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €61,077 | €42,485 | -€18,592 | -30.4% |
| Distributable reserves | 133 | €61,077 | €42,485 | -€18,592 | -30.4% |
| Profit (loss) carried forward | 14 | €6,863 | €61,731 | +€54,867 | +799.4% |
| Amounts payable | 17/49 | €269,805 | €493,663 | +€223,858 | +83.0% |
| Amounts payable after more than one year | 17 | €97,588 | €83,417 | -€14,171 | -14.5% |
| Financial debts | 170/4 | €97,588 | €83,417 | -€14,171 | -14.5% |
| Amounts payable within one year | 42/48 | €172,217 | €410,246 | +€238,029 | +138.2% |
| Current portion of amounts payable after more than one year | 42 | €12,412 | €49,171 | +€36,759 | +296.1% |
| Trade debts | 44 | €106,169 | €347,671 | +€241,501 | +227.5% |
| Suppliers | 440/4 | €106,169 | €347,671 | +€241,501 | +227.5% |
| Taxes, remuneration and social security | 45 | €35,404 | €13,405 | -€22,000 | -62.1% |
| Taxes | 450/3 | €24,147 | €10,901 | -€13,246 | -54.9% |
| Remuneration and social security | 454/9 | €11,257 | €2,504 | -€8,753 | -77.8% |
| Other amounts payable | 47/48 | €18,231 | €0 | -€18,231 | -100.0% |
| Remuneration, social security and pensions | 62 | €75,394 | €67,766 | -€7,628 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,223 | €37,011 | +€30,788 | +494.7% |
| Other operating charges | 640/8 | €1,048 | €1,960 | +€912 | +87.0% |
| Gross operating margin | 9900 | €140,521 | €192,080 | +€51,559 | +36.7% |
| Operating profit (loss) | 9901 | €57,855 | €85,342 | +€27,487 | +47.5% |
| Financial income | 75/76B | €0 | €98 | +€98 | +81933.3% |
| Recurring financial income | 75 | €0 | €98 | +€98 | +81933.3% |
| Financial charges | 65/66B | €2,840 | €9,772 | +€6,932 | +244.1% |
| Recurring financial charges | 65 | €2,840 | €9,772 | +€6,932 | +244.1% |
| Profit (loss) for the period before taxes | 9903 | €55,015 | €75,668 | +€20,653 | +37.5% |
| Income taxes | 67/77 | €19,582 | €20,801 | +€1,219 | +6.2% |
| Profit (loss) for the period | 9904 | €35,433 | €54,867 | +€19,434 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,433 | €54,867 | +€19,434 | +54.8% |
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.