PONGA: 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.
PONGA
Largest movements
- Cash -€224,176
down €224,176 (-88.2%), from €254,038 to €29,862
mainly Investment in fixed assets (net) (-€150,066) and Net result for the year (-€112,176)
- Tangible fixed assets +€79,414
up €79,414 (+7.4%), from €1.1m to €1.2m
of which Land and buildings: +€80,866
- Profit (loss) carried forward -€112,176
down €112,176, from €110,320 to -€1,856
- Reserves -€65,500
down €65,500 (-97.2%), from €67,360 to €1,860
of which Distributable reserves: -€65,500
- Other debts +€45,500
up €45,500 (+227.5%), from €20,000 to €65,500
- Accrued charges and deferred income -€22,274
no longer reported in 2025 (was €22,274)
- Debts after one year +€21,001
up €21,001 (+2.3%), from €925,304 to €946,305
of which Financial debts: +€18,529
- Gross operating margin -€250,331
down €250,331 (-83.9%), from €298,323 to €47,992
- Taxes +€60,630
new in 2025: €60,630
- Depreciation -€49,428
down €49,428 (-41.2%), from €120,080 to €70,652
- Financial charges -€31,605
down €31,605 (-56.1%), from €56,312 to €24,707
of which Financial charges: -€31,715
- Financial income -€14,951
down €14,951 (-99.6%), from €15,011 to €60
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 | €1,357,758 | €1,200,503 | -€157,255 | -11.6% |
| Fixed assets | 21/28 | €1,073,148 | €1,152,562 | +€79,414 | +7.4% |
| Tangible fixed assets | 22/27 | €1,071,988 | €1,151,402 | +€79,414 | +7.4% |
| Land and buildings | 22 | €1,062,724 | €1,143,590 | +€80,866 | +7.6% |
| Furniture and vehicles | 24 | €9,264 | €7,812 | -€1,452 | -15.7% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €284,610 | €47,941 | -€236,669 | -83.2% |
| Amounts receivable within one year | 40/41 | €30,572 | €18,079 | -€12,493 | -40.9% |
| Trade receivables | 40 | €26,048 | €12,000 | -€14,048 | -53.9% |
| Other amounts receivable | 41 | €4,524 | €6,079 | +€1,555 | +34.4% |
| Cash at bank and in hand | 54/58 | €254,038 | €29,862 | -€224,176 | -88.2% |
| Total equity and liabilities | 10/49 | €1,357,758 | €1,200,503 | -€157,255 | -11.6% |
| Equity | 10/15 | €313,880 | €136,204 | -€177,676 | -56.6% |
| Contributions | 10/11 | €136,200 | €136,200 | = | 0.0% |
| Reserves | 13 | €67,360 | €1,860 | -€65,500 | -97.2% |
| 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 | €65,500 | - | -€65,500 | |
| Profit (loss) carried forward | 14 | €110,320 | -€1,856 | -€112,176 | |
| Amounts payable | 17/49 | €1,043,878 | €1,064,299 | +€20,421 | +2.0% |
| Amounts payable after more than one year | 17 | €925,304 | €946,305 | +€21,001 | +2.3% |
| Financial debts | 170/4 | €627,776 | €646,305 | +€18,529 | +3.0% |
| Other amounts payable | 178/9 | €297,528 | €300,000 | +€2,472 | +0.8% |
| Amounts payable within one year | 42/48 | €96,300 | €117,994 | +€21,694 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €36,579 | €41,471 | +€4,892 | +13.4% |
| Trade debts | 44 | €17,184 | €2,557 | -€14,627 | -85.1% |
| Suppliers | 440/4 | €17,184 | €2,557 | -€14,627 | -85.1% |
| Taxes, remuneration and social security | 45 | €22,537 | €8,466 | -€14,071 | -62.4% |
| Taxes | 450/3 | €21,037 | €8,466 | -€12,571 | -59.8% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €20,000 | €65,500 | +€45,500 | +227.5% |
| Accrued charges and deferred income | 492/3 | €22,274 | - | -€22,274 | |
| Non-recurring operating income | 76A | €189,834 | - | -€189,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,080 | €70,652 | -€49,428 | -41.2% |
| Other operating charges | 640/8 | €1,572 | €4,239 | +€2,667 | +169.7% |
| Gross operating margin | 9900 | €298,323 | €47,992 | -€250,331 | -83.9% |
| Operating profit (loss) | 9901 | €176,671 | -€26,899 | -€203,570 | |
| Financial income | 75/76B | €15,011 | €60 | -€14,951 | -99.6% |
| Recurring financial income | 75 | €15,011 | €60 | -€14,951 | -99.6% |
| Financial charges | 65/66B | €56,312 | €24,707 | -€31,605 | -56.1% |
| Recurring financial charges | 65 | €56,312 | €24,597 | -€31,715 | -56.3% |
| Non-recurring financial charges | 66B | - | €110 | +€110 | |
| Profit (loss) for the period before taxes | 9903 | €135,370 | -€51,546 | -€186,916 | |
| Income taxes | 67/77 | - | €60,630 | +€60,630 | |
| Profit (loss) for the period | 9904 | €135,370 | -€112,176 | -€247,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,370 | -€112,176 | -€247,546 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.