PONY: 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.
PONY
Largest movements
- Receivables within one year +€17,654
up €17,654 (+271.5%), from €6,502 to €24,156
- Intangible fixed assets -€14,723
down €14,723 (-99.3%), from €14,831 to €108
- Cash -€1,627
down €1,627 (-7.8%), from €20,855 to €19,228
mainly Receivables within one year (-€17,654) and Trade debts (-€6,807)
- Trade debts -€6,807
down €6,807 (-89.4%), from €7,615 to €807
- Accrued charges and deferred income +€6,710
new in 2025: €6,710
- Profit (loss) carried forward +€1,915
up €1,915 (+18.4%), from €10,409 to €12,323
- Tax, wage and social debts -€897
down €897 (-14.5%), from €6,188 to €5,291
- Staff costs -€1,808
down €1,808 (-76.8%), from €2,354 to €546
- Other operating charges +€1,705
up €1,705 (+136.4%), from €1,250 to €2,955
- Gross operating margin -€1,103
down €1,103 (-5.0%), from €21,845 to €20,742
- Depreciation -€445
down €445 (-2.9%), from €15,443 to €14,998
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 | €42,811 | €43,732 | +€921 | +2.2% |
| Fixed assets | 21/28 | €15,346 | €348 | -€14,998 | -97.7% |
| Intangible fixed assets | 21 | €14,831 | €108 | -€14,723 | -99.3% |
| Tangible fixed assets | 22/27 | €275 | - | -€275 | |
| Plant, machinery and equipment | 23 | €275 | - | -€275 | |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €27,465 | €43,384 | +€15,919 | +58.0% |
| Amounts receivable within one year | 40/41 | €6,502 | €24,156 | +€17,654 | +271.5% |
| Other amounts receivable | 41 | €6,502 | €24,156 | +€17,654 | +271.5% |
| Cash at bank and in hand | 54/58 | €20,855 | €19,228 | -€1,627 | -7.8% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €42,811 | €43,732 | +€921 | +2.2% |
| Equity | 10/15 | €29,009 | €30,923 | +€1,915 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,409 | €12,323 | +€1,915 | +18.4% |
| Amounts payable | 17/49 | €13,802 | €12,808 | -€994 | -7.2% |
| Amounts payable within one year | 42/48 | €13,802 | €6,098 | -€7,704 | -55.8% |
| Trade debts | 44 | €7,615 | €807 | -€6,807 | -89.4% |
| Suppliers | 440/4 | €7,615 | €807 | -€6,807 | -89.4% |
| Taxes, remuneration and social security | 45 | €6,188 | €5,291 | -€897 | -14.5% |
| Taxes | 450/3 | €6,188 | €5,291 | -€897 | -14.5% |
| Accrued charges and deferred income | 492/3 | - | €6,710 | +€6,710 | |
| Remuneration, social security and pensions | 62 | €2,354 | €546 | -€1,808 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,443 | €14,998 | -€445 | -2.9% |
| Other operating charges | 640/8 | €1,250 | €2,955 | +€1,705 | +136.4% |
| Gross operating margin | 9900 | €21,845 | €20,742 | -€1,103 | -5.0% |
| Operating profit (loss) | 9901 | €2,798 | €2,242 | -€556 | -19.9% |
| Financial charges | 65/66B | €213 | €226 | +€13 | +5.9% |
| Recurring financial charges | 65 | €213 | €226 | +€13 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €2,585 | €2,016 | -€568 | -22.0% |
| Income taxes | 67/77 | - | €102 | +€102 | |
| Profit (loss) for the period | 9904 | €2,585 | €1,915 | -€670 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,585 | €1,915 | -€670 | -25.9% |
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 9 October 2026 via checked.be.