PONT 18: 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.
PONT 18
Largest movements
- Receivables within one year +€85,264
up €85,264 (+472.6%), from €18,043 to €103,306
of which Other amounts receivable: +€81,562
- Cash -€31,276
down €31,276 (-100.0%), from €31,276 to €0
mainly Receivables within one year (-€85,264) and Stocks and contracts (-€17,373)
- Stocks and contracts +€17,373
up €17,373 (+410.8%), from €4,230 to €21,603
- Intangible fixed assets -€12,143
down €12,143 (-19.9%), from €61,033 to €48,890
- Tangible fixed assets -€4,710
down €4,710 (-27.5%), from €17,139 to €12,430
of which Leasing and similar rights: -€4,480
- Debts after one year +€34,612
up €34,612 (+98.1%), from €35,282 to €69,894
- Trade debts +€18,146
up €18,146 (+81.4%), from €22,299 to €40,444
- Current portion of long-term debt +€18,008
up €18,008 (+74.2%), from €24,280 to €42,288
- Other debts -€16,406
down €16,406 (-100.0%), from €16,406 to €0
- Tax, wage and social debts -€3,827
down €3,827 (-41.7%), from €9,179 to €5,352
of which Taxes: -€7,127
- Gross operating margin -€16,164
down €16,164 (-31.5%), from €51,298 to €35,134
- Staff costs -€15,368
no longer reported in 2025 (was €15,368)
- Financial charges +€3,979
up €3,979 (+75.8%), from €5,252 to €9,231
- Taxes -€1,200
down €1,200 (-44.1%), from €2,718 to €1,518
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 | €137,632 | €192,385 | +€54,753 | +39.8% |
| Formation expenses | 20 | €765 | €510 | -€255 | -33.4% |
| Fixed assets | 21/28 | €83,319 | €66,966 | -€16,352 | -19.6% |
| Intangible fixed assets | 21 | €61,033 | €48,890 | -€12,143 | -19.9% |
| Tangible fixed assets | 22/27 | €17,139 | €12,430 | -€4,710 | -27.5% |
| Plant, machinery and equipment | 23 | €1,844 | €1,915 | +€71 | +3.8% |
| Furniture and vehicles | 24 | €936 | €636 | -€300 | -32.0% |
| Leasing and similar rights | 25 | €14,359 | €9,879 | -€4,480 | -31.2% |
| Financial fixed assets | 28 | €5,146 | €5,646 | +€500 | +9.7% |
| Current assets | 29/58 | €53,548 | €124,909 | +€71,361 | +133.3% |
| Stocks and contracts in progress | 3 | €4,230 | €21,603 | +€17,373 | +410.8% |
| Stocks | 30/36 | €4,230 | €21,603 | +€17,373 | +410.8% |
| Amounts receivable within one year | 40/41 | €18,043 | €103,306 | +€85,264 | +472.6% |
| Trade receivables | 40 | €18,043 | €21,744 | +€3,702 | +20.5% |
| Other amounts receivable | 41 | €0 | €81,562 | +€81,562 | |
| Cash at bank and in hand | 54/58 | €31,276 | €0 | -€31,276 | -100.0% |
| Total equity and liabilities | 10/49 | €137,632 | €192,385 | +€54,753 | +39.8% |
| Equity | 10/15 | €30,187 | €33,408 | +€3,221 | +10.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,187 | €32,408 | +€3,221 | +11.0% |
| Distributable reserves | 133 | €29,187 | €32,408 | +€3,221 | +11.0% |
| Amounts payable | 17/49 | €107,445 | €158,978 | +€51,532 | +48.0% |
| Amounts payable after more than one year | 17 | €35,282 | €69,894 | +€34,612 | +98.1% |
| Financial debts | 170/4 | €35,282 | €69,894 | +€34,612 | +98.1% |
| Amounts payable within one year | 42/48 | €72,163 | €88,084 | +€15,921 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €24,280 | €42,288 | +€18,008 | +74.2% |
| Trade debts | 44 | €22,299 | €40,444 | +€18,146 | +81.4% |
| Suppliers | 440/4 | €22,299 | €40,444 | +€18,146 | +81.4% |
| Taxes, remuneration and social security | 45 | €9,179 | €5,352 | -€3,827 | -41.7% |
| Taxes | 450/3 | €9,179 | €2,052 | -€7,127 | -77.6% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €16,406 | €0 | -€16,406 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €17,058 | +€17,058 | |
| Remuneration, social security and pensions | 62 | €15,368 | - | -€15,368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,064 | €18,487 | +€423 | +2.3% |
| Other operating charges | 640/8 | €2,477 | €2,863 | +€386 | +15.6% |
| Gross operating margin | 9900 | €51,298 | €35,134 | -€16,164 | -31.5% |
| Operating profit (loss) | 9901 | €15,390 | €13,784 | -€1,606 | -10.4% |
| Financial income | 75/76B | €1 | €186 | +€185 | +19924.7% |
| Recurring financial income | 75 | €1 | €186 | +€185 | +19924.7% |
| Financial charges | 65/66B | €5,252 | €9,231 | +€3,979 | +75.8% |
| Recurring financial charges | 65 | €5,252 | €9,231 | +€3,979 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €10,138 | €4,739 | -€5,399 | -53.3% |
| Income taxes | 67/77 | €2,718 | €1,518 | -€1,200 | -44.1% |
| Profit (loss) for the period | 9904 | €7,421 | €3,221 | -€4,200 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,421 | €3,221 | -€4,200 | -56.6% |
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 5 October 2026 via checked.be.