POOL ART: 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.
POOL ART
Largest movements
- Tangible fixed assets +€49,115
up €49,115 (+250.8%), from €19,583 to €68,698
of which Furniture and vehicles: +€47,610
- Cash +€5,794
up €5,794 (+17.7%), from €32,691 to €38,485
mainly Debts after one year (+€32,249) and Depreciation (+€16,739)
- Receivables within one year -€4,298
down €4,298 (-24.9%), from €17,291 to €12,993
of which Trade receivables: -€11,053
- Deferred charges and accrued income -€3,086
down €3,086 (-66.1%), from €4,667 to €1,581
- Debts after one year +€32,249
new in 2025: €32,249
- Reserves +€10,551
up €10,551 (+22.5%), from €46,847 to €57,398
of which Distributable reserves: +€10,551
- Current portion of long-term debt +€5,787
up €5,787 (+225.8%), from €2,563 to €8,350
- Financial income +€21,005
up €21,005 (+210052400.0%), from €0 to €21,005
of which Non-recurring financial income: +€21,000
- Depreciation +€11,106
up €11,106 (+197.2%), from €5,632 to €16,739
- Gross operating margin +€5,997
up €5,997 (+72.1%), from €8,317 to €14,314
- Taxes +€3,484
up €3,484 (+371.0%), from €939 to €4,423
- Financial charges +€2,692
up €2,692 (+800.0%), from €337 to €3,029
of which Non-recurring financial charges: +€1,936
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 | €74,232 | €121,757 | +€47,525 | +64.0% |
| Fixed assets | 21/28 | €19,583 | €68,698 | +€49,115 | +250.8% |
| Tangible fixed assets | 22/27 | €19,583 | €68,698 | +€49,115 | +250.8% |
| Land and buildings | 22 | €14,644 | €16,040 | +€1,397 | +9.5% |
| Plant, machinery and equipment | 23 | €1,017 | €1,125 | +€108 | +10.6% |
| Furniture and vehicles | 24 | €3,923 | €51,533 | +€47,610 | +1213.7% |
| Current assets | 29/58 | €54,649 | €53,059 | -€1,590 | -2.9% |
| Amounts receivable within one year | 40/41 | €17,291 | €12,993 | -€4,298 | -24.9% |
| Trade receivables | 40 | €15,230 | €4,177 | -€11,053 | -72.6% |
| Other amounts receivable | 41 | €2,061 | €8,816 | +€6,755 | +327.7% |
| Cash at bank and in hand | 54/58 | €32,691 | €38,485 | +€5,794 | +17.7% |
| Deferred charges and accrued income | 490/1 | €4,667 | €1,581 | -€3,086 | -66.1% |
| Total equity and liabilities | 10/49 | €74,232 | €121,757 | +€47,525 | +64.0% |
| Equity | 10/15 | €53,047 | €63,598 | +€10,551 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,847 | €57,398 | +€10,551 | +22.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,987 | €55,538 | +€10,551 | +23.5% |
| Amounts payable | 17/49 | €21,185 | €58,159 | +€36,973 | +174.5% |
| Amounts payable after more than one year | 17 | - | €32,249 | +€32,249 | |
| Financial debts | 170/4 | - | €32,249 | +€32,249 | |
| Amounts payable within one year | 42/48 | €21,185 | €25,909 | +€4,724 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €2,563 | €8,350 | +€5,787 | +225.8% |
| Financial debts | 43 | €28 | - | -€28 | |
| Credit institutions | 430/8 | €28 | - | -€28 | |
| Trade debts | 44 | €3,397 | €3,329 | -€68 | -2.0% |
| Suppliers | 440/4 | €3,397 | €3,329 | -€68 | -2.0% |
| Taxes, remuneration and social security | 45 | €11,614 | €10,771 | -€843 | -7.3% |
| Taxes | 450/3 | €11,614 | €10,771 | -€843 | -7.3% |
| Other amounts payable | 47/48 | €3,583 | €3,459 | -€124 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,632 | €16,739 | +€11,106 | +197.2% |
| Other operating charges | 640/8 | €560 | €578 | +€17 | +3.1% |
| Gross operating margin | 9900 | €8,317 | €14,314 | +€5,997 | +72.1% |
| Operating profit (loss) | 9901 | €2,124 | -€3,002 | -€5,126 | |
| Financial income | 75/76B | €0 | €21,005 | +€21,005 | +210052400.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +52400.0% |
| Non-recurring financial income | 76B | - | €21,000 | +€21,000 | |
| Financial charges | 65/66B | €337 | €3,029 | +€2,692 | +800.0% |
| Recurring financial charges | 65 | €337 | €1,093 | +€756 | +224.8% |
| Non-recurring financial charges | 66B | - | €1,936 | +€1,936 | |
| Profit (loss) for the period before taxes | 9903 | €1,788 | €14,974 | +€13,187 | +737.6% |
| Income taxes | 67/77 | €939 | €4,423 | +€3,484 | +371.0% |
| Profit (loss) for the period | 9904 | €849 | €10,551 | +€9,703 | +1143.4% |
| Profit (loss) for the period to be appropriated | 9905 | €849 | €10,551 | +€9,703 | +1143.4% |
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 12 October 2026 via checked.be.