PONTRAVE: 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.
PONTRAVE
Largest movements
- Cash +€534,717
up €534,717 (+2,115%), from €25,282 to €559,999
mainly Depreciation (+€526,589) and Debts after one year (+€329,850)
- Tangible fixed assets +€204,517
up €204,517 (+2.3%), from €8.8m to €9.0m
- Debts after one year +€329,850
up €329,850 (+7.8%), from €4.2m to €4.5m
of which Financial debts: +€329,850
- Trade debts +€186,652
up €186,652 (+401%), from €46,511 to €233,163
- Current portion of long-term debt +€154,773
up €154,773 (+48.7%), from €318,006 to €472,779
- Depreciation -€158,567
down €158,567 (-23.1%), from €685,156 to €526,589
- Gross operating margin +€125,809
up €125,809 (+16.1%), from €783,744 to €909,553
- Financial charges +€85,991
up €85,991 (+63.2%), from €136,027 to €222,018
- Other operating charges +€16,438
up €16,438 (+25.9%), from €63,397 to €79,836
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 | €8,874,433 | €9,694,808 | +€820,375 | +9.2% |
| Fixed assets | 21/28 | €8,808,544 | €9,009,714 | +€201,169 | +2.3% |
| Tangible fixed assets | 22/27 | €8,805,197 | €9,009,714 | +€204,517 | +2.3% |
| Land and buildings | 22 | €8,805,197 | €9,009,714 | +€204,517 | +2.3% |
| Financial fixed assets | 28 | €3,347 | €0 | -€3,347 | -100% |
| Current assets | 29/58 | €65,889 | €685,095 | +€619,206 | +940% |
| Amounts receivable within one year | 40/41 | €38,617 | €114,799 | +€76,183 | +197% |
| Trade receivables | 40 | €28,069 | €79,414 | +€51,345 | +183% |
| Other amounts receivable | 41 | €10,547 | €35,385 | +€24,837 | +235% |
| Cash at bank and in hand | 54/58 | €25,282 | €559,999 | +€534,717 | +2,115% |
| Deferred charges and accrued income | 490/1 | €1,990 | €10,296 | +€8,306 | +417% |
| Total equity and liabilities | 10/49 | €8,874,433 | €9,694,808 | +€820,375 | +9.2% |
| Equity | 10/15 | €2,282,685 | €2,364,985 | +€82,300 | +3.6% |
| Contributions | 10/11 | €2,191,000 | €2,191,000 | = | 0.0% |
| Capital | 10 | €2,191,000 | €2,191,000 | = | 0.0% |
| Issued capital | 100 | €2,191,000 | €2,191,000 | = | 0.0% |
| Reserves | 13 | €204,716 | €204,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,396 | €24,396 | = | 0.0% |
| Legal reserve | 130 | €24,396 | €24,396 | = | 0.0% |
| Distributable reserves | 133 | €180,321 | €180,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,031 | -€30,731 | +€82,300 | +72.8% |
| Amounts payable | 17/49 | €6,591,748 | €7,329,823 | +€738,075 | +11.2% |
| Amounts payable after more than one year | 17 | €4,206,435 | €4,536,286 | +€329,850 | +7.8% |
| Financial debts | 170/4 | €4,203,885 | €4,533,736 | +€329,850 | +7.8% |
| Other amounts payable | 178/9 | €2,550 | €2,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,326,541 | €2,678,407 | +€351,866 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €318,006 | €472,779 | +€154,773 | +48.7% |
| Trade debts | 44 | €46,511 | €233,163 | +€186,652 | +401% |
| Suppliers | 440/4 | €46,511 | €233,163 | +€186,652 | +401% |
| Taxes, remuneration and social security | 45 | €40,373 | €50,814 | +€10,440 | +25.9% |
| Taxes | 450/3 | €40,373 | €50,814 | +€10,440 | +25.9% |
| Other amounts payable | 47/48 | €1,921,650 | €1,921,650 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €58,772 | €115,131 | +€56,359 | +95.9% |
| Non-recurring operating income | 76A | €10,915 | €0 | -€10,915 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685,156 | €526,589 | -€158,567 | -23.1% |
| Other operating charges | 640/8 | €63,397 | €79,836 | +€16,438 | +25.9% |
| Gross operating margin | 9900 | €783,744 | €909,553 | +€125,809 | +16.1% |
| Operating profit (loss) | 9901 | €35,191 | €303,128 | +€267,938 | +761% |
| Financial income | 75/76B | €6,239 | €1,189 | -€5,050 | -80.9% |
| Recurring financial income | 75 | €6,239 | €1,189 | -€5,050 | -80.9% |
| Financial charges | 65/66B | €136,027 | €222,018 | +€85,991 | +63.2% |
| Recurring financial charges | 65 | €136,027 | €222,018 | +€85,991 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,597 | €82,300 | +€176,897 | |
| Profit (loss) for the period | 9904 | -€94,597 | €82,300 | +€176,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,597 | €82,300 | +€176,897 |
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 19 October 2026 via checked.be.