PONYFISH: 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.
PONYFISH
Largest movements
- Receivables within one year -€34,719
down €34,719 (-50.2%), from €69,145 to €34,426
of which Trade receivables: -€35,149
- Cash -€14,364
down €14,364 (-9.0%), from €160,373 to €146,010
mainly Contributions, distributions and other (-€156,054) and Other debts (-€44,087)
- Other debts -€44,087
down €44,087 (-24.6%), from €178,851 to €134,765
- Tax, wage and social debts -€8,706
down €8,706 (-17.2%), from €50,564 to €41,859
of which Taxes: -€8,718
- Trade debts +€6,438
up €6,438 (+289.1%), from €2,227 to €8,665
- Gross operating margin -€39,000
down €39,000 (-16.0%), from €244,143 to €205,143
- Taxes -€9,218
down €9,218 (-16.6%), from €55,656 to €46,438
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 | €231,643 | €185,289 | -€46,354 | -20.0% |
| Fixed assets | 21/28 | €2,008 | €3,837 | +€1,829 | +91.1% |
| Tangible fixed assets | 22/27 | €2,008 | €3,837 | +€1,829 | +91.1% |
| Plant, machinery and equipment | 23 | €2,008 | €1,683 | -€324 | -16.2% |
| Furniture and vehicles | 24 | - | €2,153 | +€2,153 | |
| Current assets | 29/58 | €229,636 | €181,453 | -€48,183 | -21.0% |
| Amounts receivable within one year | 40/41 | €69,145 | €34,426 | -€34,719 | -50.2% |
| Trade receivables | 40 | €69,145 | €33,996 | -€35,149 | -50.8% |
| Other amounts receivable | 41 | €0 | €430 | +€430 | |
| Cash at bank and in hand | 54/58 | €160,373 | €146,010 | -€14,364 | -9.0% |
| Deferred charges and accrued income | 490/1 | €118 | €1,017 | +€899 | +763.7% |
| Total equity and liabilities | 10/49 | €231,643 | €185,289 | -€46,354 | -20.0% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €231,642 | €185,288 | -€46,354 | -20.0% |
| Amounts payable within one year | 42/48 | €231,642 | €185,288 | -€46,354 | -20.0% |
| Trade debts | 44 | €2,227 | €8,665 | +€6,438 | +289.1% |
| Suppliers | 440/4 | €2,227 | €8,665 | +€6,438 | +289.1% |
| Taxes, remuneration and social security | 45 | €50,564 | €41,859 | -€8,706 | -17.2% |
| Taxes | 450/3 | €50,564 | €41,847 | -€8,718 | -17.2% |
| Remuneration and social security | 454/9 | - | €12 | +€12 | |
| Other amounts payable | 47/48 | €178,851 | €134,765 | -€44,087 | -24.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,742 | +€5,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €1,711 | +€517 | +43.3% |
| Other operating charges | 640/8 | €882 | €827 | -€54 | -6.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €244,143 | €205,143 | -€39,000 | -16.0% |
| Operating profit (loss) | 9901 | €242,067 | €202,605 | -€39,463 | -16.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,805 | €113 | -€1,692 | -93.8% |
| Recurring financial charges | 65 | €1,805 | €113 | -€1,692 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €240,262 | €202,492 | -€37,770 | -15.7% |
| Income taxes | 67/77 | €55,656 | €46,438 | -€9,218 | -16.6% |
| Profit (loss) for the period | 9904 | €184,607 | €156,054 | -€28,552 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €184,607 | €156,054 | -€28,552 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.