PONTEAZ MANAGEMENT: 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.
PONTEAZ MANAGEMENT
Largest movements
- Receivables within one year -€123,627
down €123,627 (-75.0%), from €164,779 to €41,153
of which Other amounts receivable: -€106,326
- Tangible fixed assets -€22,251
down €22,251 (-8.8%), from €253,804 to €231,553
of which Other tangible fixed assets: -€21,998
- Deferred charges and accrued income +€9,491
up €9,491 (+82.2%), from €11,546 to €21,037
- Cash +€8,840
new in 2025: €8,840
mainly Receivables within one year (+€123,627) and Net result for the year (+€26,186)
- Current investments -€5,400
down €5,400 (-7.8%), from €69,213 to €63,813
- Reserves -€141,142
down €141,142 (-73.8%), from €191,141 to €49,999
- Debts after one year -€26,984
down €26,984 (-16.7%), from €161,939 to €134,955
- Profit (loss) carried forward +€19,630
new in 2025: €19,630
- Other debts +€18,822
new in 2025: €18,822
- Tax, wage and social debts +€6,066
up €6,066 (+44.4%), from €13,675 to €19,741
of which Taxes: +€6,011
- Gross operating margin +€29,272
up €29,272 (+81.2%), from €36,070 to €65,342
- Taxes +€9,727
up €9,727 (+246%), from €3,951 to €13,678
- Other operating charges -€2,152
down €2,152 (-80.8%), from €2,663 to €511
- Financial charges -€2,129
down €2,129 (-24.0%), from €8,860 to €6,731
- Financial income -€1,802
down €1,802 (-26.3%), from €6,865 to €5,063
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 | €499,342 | €366,396 | -€132,947 | -26.6% |
| Fixed assets | 21/28 | €253,804 | €231,553 | -€22,251 | -8.8% |
| Tangible fixed assets | 22/27 | €253,804 | €231,553 | -€22,251 | -8.8% |
| Land and buildings | 22 | €10,123 | €9,523 | -€600 | -5.9% |
| Plant, machinery and equipment | 23 | €353 | €700 | +€347 | +98.3% |
| Furniture and vehicles | 24 | €1,350 | €1,350 | = | 0.0% |
| Other tangible fixed assets | 26 | €241,979 | €219,981 | -€21,998 | -9.1% |
| Current assets | 29/58 | €245,538 | €134,842 | -€110,696 | -45.1% |
| Amounts receivable within one year | 40/41 | €164,779 | €41,153 | -€123,627 | -75.0% |
| Trade receivables | 40 | €58,453 | €41,153 | -€17,300 | -29.6% |
| Other amounts receivable | 41 | €106,326 | €0 | -€106,326 | -100% |
| Current investments | 50/53 | €69,213 | €63,813 | -€5,400 | -7.8% |
| Cash at bank and in hand | 54/58 | - | €8,840 | +€8,840 | |
| Deferred charges and accrued income | 490/1 | €11,546 | €21,037 | +€9,491 | +82.2% |
| Total equity and liabilities | 10/49 | €499,342 | €366,396 | -€132,947 | -26.6% |
| Equity | 10/15 | €203,641 | €82,129 | -€121,512 | -59.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €191,141 | €49,999 | -€141,142 | -73.8% |
| Distributable reserves | 133 | €191,141 | €49,999 | -€141,142 | -73.8% |
| Profit (loss) carried forward | 14 | - | €19,630 | +€19,630 | |
| Amounts payable | 17/49 | €295,701 | €284,266 | -€11,435 | -3.9% |
| Amounts payable after more than one year | 17 | €161,939 | €134,955 | -€26,984 | -16.7% |
| Financial debts | 170/4 | €161,939 | €134,955 | -€26,984 | -16.7% |
| Amounts payable within one year | 42/48 | €133,762 | €149,311 | +€15,549 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €101,507 | €101,984 | +€477 | +0.5% |
| Financial debts | 43 | €5,257 | €0 | -€5,257 | -100% |
| Credit institutions | 430/8 | €5,257 | €0 | -€5,257 | -100% |
| Trade debts | 44 | €13,323 | €8,764 | -€4,559 | -34.2% |
| Suppliers | 440/4 | €13,323 | €8,764 | -€4,559 | -34.2% |
| Taxes, remuneration and social security | 45 | €13,675 | €19,741 | +€6,066 | +44.4% |
| Taxes | 450/3 | €10,741 | €16,752 | +€6,011 | +56.0% |
| Remuneration and social security | 454/9 | €2,934 | €2,989 | +€55 | +1.9% |
| Other amounts payable | 47/48 | - | €18,822 | +€18,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,533 | €23,299 | -€234 | -1.0% |
| Other operating charges | 640/8 | €2,663 | €511 | -€2,152 | -80.8% |
| Gross operating margin | 9900 | €36,070 | €65,342 | +€29,272 | +81.2% |
| Operating profit (loss) | 9901 | €9,873 | €41,532 | +€31,659 | +321% |
| Financial income | 75/76B | €6,865 | €5,063 | -€1,802 | -26.3% |
| Recurring financial income | 75 | €6,865 | €5,063 | -€1,802 | -26.3% |
| Financial charges | 65/66B | €8,860 | €6,731 | -€2,129 | -24.0% |
| Recurring financial charges | 65 | €8,860 | €6,731 | -€2,129 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €7,878 | €39,864 | +€31,986 | +406% |
| Income taxes | 67/77 | €3,951 | €13,678 | +€9,727 | +246% |
| Profit (loss) for the period | 9904 | €3,927 | €26,186 | +€22,258 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €3,927 | €26,186 | +€22,258 | +567% |
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 20 October 2026 via checked.be.