PONTOS: 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.
PONTOS
Largest movements
- Stocks and contracts +€138,584
up €138,584 (+38.9%), from €356,707 to €495,291
- Intangible fixed assets +€77,497
up €77,497 (+74.8%), from €103,575 to €181,072
- Tangible fixed assets +€24,296
up €24,296 (+42.4%), from €57,333 to €81,629
of which Furniture and vehicles: +€15,085
- Other debts +€82,362
up €82,362 (+61.6%), from €133,733 to €216,095
- Debts after one year +€67,892
up €67,892 (+92.5%), from €73,390 to €141,282
- Current portion of long-term debt +€52,918
up €52,918 (+158.3%), from €33,429 to €86,347
- Short-term financial debts +€26,593
up €26,593 (+21.5%), from €123,407 to €150,000
- Trade debts +€21,362
up €21,362 (+9.8%), from €217,131 to €238,493
- Staff costs -€23,691
down €23,691 (-23.0%), from €102,794 to €79,103
- Depreciation +€23,167
up €23,167 (+85.5%), from €27,094 to €50,261
- Financial charges +€9,407
up €9,407 (+32.7%), from €28,762 to €38,169
- Gross operating margin +€6,094
up €6,094 (+3.6%), from €168,200 to €174,294
- Other operating charges +€5,559
up €5,559 (+858.5%), from €648 to €6,207
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 | €726,018 | €976,132 | +€250,115 | +34.5% |
| Fixed assets | 21/28 | €160,908 | €262,701 | +€101,793 | +63.3% |
| Intangible fixed assets | 21 | €103,575 | €181,072 | +€77,497 | +74.8% |
| Tangible fixed assets | 22/27 | €57,333 | €81,629 | +€24,296 | +42.4% |
| Plant, machinery and equipment | 23 | €31,767 | €38,199 | +€6,432 | +20.2% |
| Furniture and vehicles | 24 | €22,082 | €37,167 | +€15,085 | +68.3% |
| Other tangible fixed assets | 26 | €3,484 | €6,263 | +€2,779 | +79.8% |
| Current assets | 29/58 | €565,110 | €713,432 | +€148,322 | +26.2% |
| Stocks and contracts in progress | 3 | €356,707 | €495,291 | +€138,584 | +38.9% |
| Stocks | 30/36 | €356,707 | €495,291 | +€138,584 | +38.9% |
| Amounts receivable within one year | 40/41 | €183,387 | €190,743 | +€7,356 | +4.0% |
| Trade receivables | 40 | €178,115 | €182,854 | +€4,739 | +2.7% |
| Other amounts receivable | 41 | €5,272 | €7,889 | +€2,617 | +49.6% |
| Cash at bank and in hand | 54/58 | €16,987 | €24,280 | +€7,294 | +42.9% |
| Deferred charges and accrued income | 490/1 | €8,029 | €3,118 | -€4,911 | -61.2% |
| Total equity and liabilities | 10/49 | €726,018 | €976,132 | +€250,115 | +34.5% |
| Equity | 10/15 | €118,238 | €118,676 | +€438 | +0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €99,688 | €100,126 | +€438 | +0.4% |
| Distributable reserves | 133 | €99,688 | €100,126 | +€438 | +0.4% |
| Amounts payable | 17/49 | €607,780 | €857,456 | +€249,676 | +41.1% |
| Amounts payable after more than one year | 17 | €73,390 | €141,282 | +€67,892 | +92.5% |
| Financial debts | 170/4 | €73,390 | €141,282 | +€67,892 | +92.5% |
| Amounts payable within one year | 42/48 | €522,989 | €712,908 | +€189,919 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €33,429 | €86,347 | +€52,918 | +158.3% |
| Financial debts | 43 | €123,407 | €150,000 | +€26,593 | +21.5% |
| Credit institutions | 430/8 | €123,407 | €150,000 | +€26,593 | +21.5% |
| Trade debts | 44 | €217,131 | €238,493 | +€21,362 | +9.8% |
| Suppliers | 440/4 | €217,131 | €238,493 | +€21,362 | +9.8% |
| Taxes, remuneration and social security | 45 | €15,290 | €21,973 | +€6,683 | +43.7% |
| Taxes | 450/3 | €9,455 | €7,301 | -€2,153 | -22.8% |
| Remuneration and social security | 454/9 | €5,835 | €14,672 | +€8,837 | +151.4% |
| Other amounts payable | 47/48 | €133,733 | €216,095 | +€82,362 | +61.6% |
| Accrued charges and deferred income | 492/3 | €11,401 | €3,266 | -€8,135 | -71.4% |
| Non-recurring operating income | 76A | €1,294 | €0 | -€1,294 | -100.0% |
| Remuneration, social security and pensions | 62 | €102,794 | €79,103 | -€23,691 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,094 | €50,261 | +€23,167 | +85.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,437 | +€1,437 | |
| Other operating charges | 640/8 | €648 | €6,207 | +€5,559 | +858.5% |
| Non-recurring operating charges | 66A | €67 | €0 | -€67 | -100.0% |
| Gross operating margin | 9900 | €168,200 | €174,294 | +€6,094 | +3.6% |
| Operating profit (loss) | 9901 | €37,597 | €37,286 | -€311 | -0.8% |
| Financial income | 75/76B | €5 | €1,322 | +€1,316 | +24284.3% |
| Recurring financial income | 75 | €5 | €1,322 | +€1,316 | +24284.3% |
| Financial charges | 65/66B | €28,762 | €38,169 | +€9,407 | +32.7% |
| Recurring financial charges | 65 | €28,762 | €38,169 | +€9,407 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €8,840 | €438 | -€8,402 | -95.0% |
| Income taxes | 67/77 | €1,502 | €0 | -€1,502 | -100.0% |
| Profit (loss) for the period | 9904 | €7,338 | €438 | -€6,899 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,338 | €438 | -€6,899 | -94.0% |
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 6 October 2026 via checked.be.