PONET SPIRITS: 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.
PONET SPIRITS
Largest movements
- Current investments +€21,429
new in 2025: €21,429
- Stocks and contracts -€18,194
down €18,194 (-65.5%), from €27,769 to €9,575
- Cash +€15,958
up €15,958 (+24134.8%), from €66 to €16,024
mainly Other debts (+€46,722) and Stocks and contracts (+€18,194)
- Other debts +€46,722
up €46,722 (+5.2%), from €899,802 to €946,524
- Profit (loss) carried forward -€29,357
down €29,357 (-3.3%), from -€885,604 to -€914,961
- Trade debts +€1,806
up €1,806 (+712.9%), from €253 to €2,059
- Gross operating margin -€10,706
down €10,706 (-70.6%), from -€15,173 to -€25,879
- Financial charges +€2,962
up €2,962 (+1573.9%), from €188 to €3,150
- Depreciation -€719
down €719 (-77.8%), from €925 to €206
- Other operating charges +€674
up €674, from €0 to €674
- Financial income +€552
up €552, from €0 to €552
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 | €34,452 | €53,622 | +€19,171 | +55.6% |
| Fixed assets | 21/28 | €6,274 | €6,068 | -€206 | -3.3% |
| Tangible fixed assets | 22/27 | €402 | €196 | -€206 | -51.2% |
| Furniture and vehicles | 24 | €402 | €196 | -€206 | -51.2% |
| Financial fixed assets | 28 | €5,872 | €5,872 | = | 0.0% |
| Current assets | 29/58 | €28,178 | €47,554 | +€19,376 | +68.8% |
| Stocks and contracts in progress | 3 | €27,769 | €9,575 | -€18,194 | -65.5% |
| Stocks | 30/36 | €27,769 | €9,575 | -€18,194 | -65.5% |
| Amounts receivable within one year | 40/41 | €343 | €526 | +€183 | +53.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €343 | €526 | +€183 | +53.5% |
| Current investments | 50/53 | - | €21,429 | +€21,429 | |
| Cash at bank and in hand | 54/58 | €66 | €16,024 | +€15,958 | +24134.8% |
| Total equity and liabilities | 10/49 | €34,452 | €53,622 | +€19,171 | +55.6% |
| Equity | 10/15 | -€865,604 | -€894,961 | -€29,357 | -3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€885,604 | -€914,961 | -€29,357 | -3.3% |
| Amounts payable | 17/49 | €900,055 | €948,583 | +€48,528 | +5.4% |
| Amounts payable within one year | 42/48 | €900,055 | €948,583 | +€48,528 | +5.4% |
| Trade debts | 44 | €253 | €2,059 | +€1,806 | +712.9% |
| Suppliers | 440/4 | €253 | €2,059 | +€1,806 | +712.9% |
| Other amounts payable | 47/48 | €899,802 | €946,524 | +€46,722 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €206 | -€719 | -77.8% |
| Other operating charges | 640/8 | €0 | €674 | +€674 | |
| Gross operating margin | 9900 | -€15,173 | -€25,879 | -€10,706 | -70.6% |
| Operating profit (loss) | 9901 | -€16,098 | -€26,759 | -€10,661 | -66.2% |
| Financial income | 75/76B | €0 | €552 | +€552 | |
| Recurring financial income | 75 | €0 | €552 | +€552 | |
| Financial charges | 65/66B | €188 | €3,150 | +€2,962 | +1573.9% |
| Recurring financial charges | 65 | €188 | €3,150 | +€2,962 | +1573.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,286 | -€29,357 | -€13,071 | -80.3% |
| Profit (loss) for the period | 9904 | -€16,286 | -€29,357 | -€13,071 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,286 | -€29,357 | -€13,071 | -80.3% |
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 4 October 2026 via checked.be.