PONSARDIN HOLDING: what changed
Two financial 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.
PONSARDIN HOLDING
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+3,436,702%), from €40 to €1.4m
- Receivables within one year -€41,136
down €41,136 (-86.6%), from €47,522 to €6,387
of which Trade receivables: -€24,029
- Cash +€16,278
up €16,278 (+195%), from €8,332 to €24,610
mainly Other debts (+€826,657) and Contributions, distributions and other (+€670,000)
- Tangible fixed assets -€14,509
no longer reported in 2025 (was €14,509)
- Other debts +€826,657
up €826,657 (+4,863%), from €17,000 to €843,657
- Contributions +€670,000
up €670,000 (+3,602%), from €18,600 to €688,600
- Profit (loss) carried forward -€134,754
down €134,754, from €0 to -€134,754
- Trade debts -€14,270
down €14,270 (-71.0%), from €20,110 to €5,840
- Gross operating margin -€149,406
down €149,406, from €15,258 to -€134,147
- Depreciation -€7,345
no longer reported in 2025 (was €7,345)
- Financial income -€3,984
no longer reported in 2025 (was €3,984)
- Other operating charges -€2,889
down €2,889 (-91.2%), from €3,167 to €278
- Taxes -€1,369
no longer reported in 2025 (was €1,369)
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.
Derived cash bridge
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 | €70,827 | €1,406,998 | +€1.3m | +1,887% |
| Fixed assets | 21/28 | €14,549 | €1,374,721 | +€1.4m | +9,349% |
| Tangible fixed assets | 22/27 | €14,509 | - | -€14,509 | |
| Furniture and vehicles | 24 | €14,509 | - | -€14,509 | |
| Financial fixed assets | 28 | €40 | €1,374,721 | +€1.4m | +3,436,702% |
| Current assets | 29/58 | €56,278 | €32,277 | -€24,001 | -42.6% |
| Amounts receivable within one year | 40/41 | €47,522 | €6,387 | -€41,136 | -86.6% |
| Trade receivables | 40 | €24,029 | - | -€24,029 | |
| Other amounts receivable | 41 | €23,494 | €6,387 | -€17,107 | -72.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,332 | €24,610 | +€16,278 | +195% |
| Deferred charges and accrued income | 490/1 | €423 | €1,280 | +€857 | +202% |
| Total equity and liabilities | 10/49 | €70,827 | €1,406,998 | +€1.3m | +1,887% |
| Equity | 10/15 | €20,936 | €556,182 | +€535,246 | +2,557% |
| Contributions | 10/11 | €18,600 | €688,600 | +€670,000 | +3,602% |
| Reserves | 13 | €2,336 | €2,336 | = | 0.0% |
| 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 | €476 | €476 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€134,754 | -€134,754 | |
| Amounts payable | 17/49 | €49,891 | €850,816 | +€800,925 | +1,605% |
| Amounts payable after more than one year | 17 | €8,180 | - | -€8,180 | |
| Financial debts | 170/4 | €8,180 | - | -€8,180 | |
| Amounts payable within one year | 42/48 | €41,712 | €850,816 | +€809,105 | +1,940% |
| Current portion of amounts payable after more than one year | 42 | €3,283 | - | -€3,283 | |
| Trade debts | 44 | €20,110 | €5,840 | -€14,270 | -71.0% |
| Suppliers | 440/4 | €20,110 | €5,840 | -€14,270 | -71.0% |
| Taxes, remuneration and social security | 45 | €1,318 | €1,318 | = | 0.0% |
| Taxes | 450/3 | €1,318 | €1,318 | = | 0.0% |
| Other amounts payable | 47/48 | €17,000 | €843,657 | +€826,657 | +4,863% |
| Non-recurring operating income | 76A | - | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,345 | - | -€7,345 | |
| Other operating charges | 640/8 | €3,167 | €278 | -€2,889 | -91.2% |
| Gross operating margin | 9900 | €15,258 | -€134,147 | -€149,406 | |
| Operating profit (loss) | 9901 | €4,747 | -€134,425 | -€139,172 | |
| Financial income | 75/76B | €3,984 | - | -€3,984 | |
| Recurring financial income | 75 | €3,984 | - | -€3,984 | |
| Financial charges | 65/66B | €1,350 | €329 | -€1,021 | -75.6% |
| Recurring financial charges | 65 | €1,350 | €329 | -€1,021 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €7,380 | -€134,754 | -€142,134 | |
| Income taxes | 67/77 | €1,369 | - | -€1,369 | |
| Profit (loss) for the period | 9904 | €6,011 | -€134,754 | -€140,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,011 | -€134,754 | -€140,765 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.