Ponnet Pascal: 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.
Ponnet Pascal
Largest movements
- Tangible fixed assets -€20,292
down €20,292 (-7.2%), from €281,631 to €261,338
of which Land and buildings: -€13,025
- Cash +€10,959
up €10,959 (+13.2%), from €83,329 to €94,288
mainly Depreciation (+€20,292) and Net result for the year (+€12,066)
- Receivables within one year +€5,145
up €5,145 (+28.7%), from €17,947 to €23,092
of which Trade receivables: +€7,888
- Debts after one year -€19,024
down €19,024 (-9.0%), from €211,993 to €192,969
- Reserves +€12,066
up €12,066 (+9.6%), from €125,970 to €138,036
of which Distributable reserves: +€12,066
- Depreciation -€2,013
down €2,013 (-9.0%), from €22,306 to €20,292
- Gross operating margin +€1,648
up €1,648 (+3.3%), from €49,347 to €50,995
- Staff costs +€1,218
up €1,218 (+24.7%), from €4,925 to €6,143
- Taxes +€969
up €969 (+24.5%), from €3,958 to €4,926
- Financial charges -€828
down €828 (-14.0%), from €5,926 to €5,098
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 | €393,621 | €386,996 | -€6,625 | -1.7% |
| Fixed assets | 21/28 | €281,631 | €261,338 | -€20,292 | -7.2% |
| Tangible fixed assets | 22/27 | €281,631 | €261,338 | -€20,292 | -7.2% |
| Land and buildings | 22 | €269,750 | €256,725 | -€13,025 | -4.8% |
| Plant, machinery and equipment | 23 | €6,806 | €2,803 | -€4,003 | -58.8% |
| Furniture and vehicles | 24 | €5,075 | €1,810 | -€3,265 | -64.3% |
| Current assets | 29/58 | €111,990 | €125,657 | +€13,667 | +12.2% |
| Stocks and contracts in progress | 3 | €7,939 | €5,910 | -€2,029 | -25.6% |
| Stocks | 30/36 | €7,939 | €5,910 | -€2,029 | -25.6% |
| Amounts receivable within one year | 40/41 | €17,947 | €23,092 | +€5,145 | +28.7% |
| Trade receivables | 40 | €5,188 | €13,076 | +€7,888 | +152.0% |
| Other amounts receivable | 41 | €12,759 | €10,016 | -€2,743 | -21.5% |
| Cash at bank and in hand | 54/58 | €83,329 | €94,288 | +€10,959 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,776 | €2,367 | -€409 | -14.7% |
| Total equity and liabilities | 10/49 | €393,621 | €386,996 | -€6,625 | -1.7% |
| Equity | 10/15 | €144,570 | €156,636 | +€12,066 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,970 | €138,036 | +€12,066 | +9.6% |
| 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 | €124,110 | €136,176 | +€12,066 | +9.7% |
| Amounts payable | 17/49 | €249,051 | €230,360 | -€18,691 | -7.5% |
| Amounts payable after more than one year | 17 | €211,993 | €192,969 | -€19,024 | -9.0% |
| Financial debts | 170/4 | €211,993 | €192,969 | -€19,024 | -9.0% |
| Amounts payable within one year | 42/48 | €36,819 | €37,271 | +€453 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €18,618 | €19,024 | +€406 | +2.2% |
| Trade debts | 44 | €9,122 | €8,607 | -€515 | -5.6% |
| Suppliers | 440/4 | €9,122 | €8,607 | -€515 | -5.6% |
| Taxes, remuneration and social security | 45 | €3,907 | €2,927 | -€980 | -25.1% |
| Remuneration and social security | 454/9 | €3,907 | €2,927 | -€980 | -25.1% |
| Other amounts payable | 47/48 | €5,172 | €6,714 | +€1,542 | +29.8% |
| Accrued charges and deferred income | 492/3 | €240 | €120 | -€120 | -50.0% |
| Remuneration, social security and pensions | 62 | €4,925 | €6,143 | +€1,218 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,306 | €20,292 | -€2,013 | -9.0% |
| Other operating charges | 640/8 | €2,294 | €2,557 | +€263 | +11.5% |
| Non-recurring operating charges | 66A | €327 | - | -€327 | |
| Gross operating margin | 9900 | €49,347 | €50,995 | +€1,648 | +3.3% |
| Operating profit (loss) | 9901 | €19,496 | €22,003 | +€2,507 | +12.9% |
| Financial income | 75/76B | €394 | €88 | -€306 | -77.7% |
| Recurring financial income | 75 | €394 | €88 | -€306 | -77.7% |
| Financial charges | 65/66B | €5,926 | €5,098 | -€828 | -14.0% |
| Recurring financial charges | 65 | €5,926 | €5,098 | -€828 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €13,964 | €16,992 | +€3,028 | +21.7% |
| Income taxes | 67/77 | €3,958 | €4,926 | +€969 | +24.5% |
| Profit (loss) for the period | 9904 | €10,006 | €12,066 | +€2,059 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,006 | €12,066 | +€2,059 | +20.6% |
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 7 October 2026 via checked.be.