Pool Company: 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 Company
Largest movements
- Tangible fixed assets +€219,170
up €219,170 (+1,453%), from €15,086 to €234,256
of which Land and buildings: +€206,753
- Cash +€71,490
up €71,490 (+25.2%), from €283,982 to €355,472
mainly Debts after one year (+€159,247) and Net result for the year (+€92,580)
- Receivables within one year +€15,702
up €15,702 (+13.5%), from €116,341 to €132,043
of which Trade receivables: +€15,661
- Current investments +€11,823
new in 2025: €11,823
- Debts after one year +€159,247
new in 2025: €159,247
- Reserves +€92,580
up €92,580 (+24.2%), from €383,024 to €475,604
- Trade debts +€50,352
up €50,352 (+354%), from €14,240 to €64,592
- Gross operating margin +€92,825
up €92,825 (+160%), from €58,123 to €150,947
- Depreciation +€30,028
up €30,028 (+1,346%), from €2,231 to €32,259
- Taxes +€13,288
up €13,288 (+117%), from €11,311 to €24,599
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 | €427,661 | €743,304 | +€315,644 | +73.8% |
| Fixed assets | 21/28 | €15,140 | €234,259 | +€219,120 | +1,447% |
| Intangible fixed assets | 21 | €54 | €4 | -€50 | -92.9% |
| Tangible fixed assets | 22/27 | €15,086 | €234,256 | +€219,170 | +1,453% |
| Land and buildings | 22 | - | €206,753 | +€206,753 | |
| Plant, machinery and equipment | 23 | €2,649 | €13,379 | +€10,730 | +405% |
| Furniture and vehicles | 24 | €283 | €47 | -€236 | -83.3% |
| Other tangible fixed assets | 26 | €12,153 | €14,076 | +€1,923 | +15.8% |
| Current assets | 29/58 | €412,521 | €509,045 | +€96,524 | +23.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €116,341 | €132,043 | +€15,702 | +13.5% |
| Trade receivables | 40 | €97,647 | €113,309 | +€15,661 | +16.0% |
| Other amounts receivable | 41 | €18,693 | €18,734 | +€41 | +0.2% |
| Current investments | 50/53 | - | €11,823 | +€11,823 | |
| Cash at bank and in hand | 54/58 | €283,982 | €355,472 | +€71,490 | +25.2% |
| Deferred charges and accrued income | 490/1 | €12,199 | €9,708 | -€2,491 | -20.4% |
| Total equity and liabilities | 10/49 | €427,661 | €743,304 | +€315,644 | +73.8% |
| Equity | 10/15 | €385,524 | €478,104 | +€92,580 | +24.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €383,024 | €475,604 | +€92,580 | +24.2% |
| Distributable reserves | 133 | €383,024 | €475,604 | +€92,580 | +24.2% |
| Amounts payable | 17/49 | €42,136 | €265,200 | +€223,064 | +529% |
| Amounts payable after more than one year | 17 | - | €159,247 | +€159,247 | |
| Financial debts | 170/4 | - | €159,247 | +€159,247 | |
| Amounts payable within one year | 42/48 | €42,136 | €105,954 | +€63,818 | +151% |
| Current portion of amounts payable after more than one year | 42 | - | €5,753 | +€5,753 | |
| Financial debts | 43 | - | €3,282 | +€3,282 | |
| Credit institutions | 430/8 | - | €3,282 | +€3,282 | |
| Trade debts | 44 | €14,240 | €64,592 | +€50,352 | +354% |
| Suppliers | 440/4 | €14,240 | €64,592 | +€50,352 | +354% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,647 | €30,019 | +€4,372 | +17.0% |
| Taxes | 450/3 | €19,540 | €26,966 | +€7,425 | +38.0% |
| Remuneration and social security | 454/9 | €6,106 | €3,053 | -€3,053 | -50.0% |
| Other amounts payable | 47/48 | €2,250 | €2,307 | +€58 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €32,259 | +€30,028 | +1,346% |
| Other operating charges | 640/8 | €513 | €1,316 | +€802 | +156% |
| Gross operating margin | 9900 | €58,123 | €150,947 | +€92,825 | +160% |
| Operating profit (loss) | 9901 | €55,379 | €117,373 | +€61,994 | +112% |
| Financial income | 75/76B | €1 | €197 | +€197 | +31,229% |
| Recurring financial income | 75 | €1 | €197 | +€197 | +31,229% |
| Financial charges | 65/66B | €35 | €391 | +€356 | +1,020% |
| Recurring financial charges | 65 | €35 | €391 | +€356 | +1,020% |
| Profit (loss) for the period before taxes | 9903 | €55,345 | €117,179 | +€61,834 | +112% |
| Income taxes | 67/77 | €11,311 | €24,599 | +€13,288 | +117% |
| Profit (loss) for the period | 9904 | €44,033 | €92,580 | +€48,546 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €44,033 | €92,580 | +€48,546 | +110% |
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 21 October 2026 via checked.be.