POOL COVER SYSTEMS: 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 COVER SYSTEMS
Largest movements
- Cash +€837,857
up €837,857 (+45.2%), from €1.9m to €2.7m
mainly Net result for the year (+€1.8m) and Other debts (+€928,283)
- Receivables within one year +€306,962
up €306,962 (+40.7%), from €753,848 to €1.1m
of which Trade receivables: +€361,729
- Stocks and contracts +€300,625
up €300,625 (+29.9%), from €1.0m to €1.3m
- Intangible fixed assets -€107,979
down €107,979 (-17.1%), from €632,955 to €524,976
- Other debts +€928,283
up €928,283 (+73.6%), from €1.3m to €2.2m
- Reserves +€927,507
up €927,507 (+31.6%), from €2.9m to €3.9m
- Tax, wage and social debts -€261,908
down €261,908 (-56.7%), from €461,601 to €199,693
of which Taxes: -€263,245
- Profit (loss) carried forward -€175,570
down €175,570 (-18.9%), from €927,507 to €751,937
- Debts after one year -€168,909
down €168,909 (-31.4%), from €537,601 to €368,692
- Gross operating margin -€260,043
down €260,043 (-7.1%), from €3.6m to €3.4m
- Write-downs -€135,380
down €135,380, from €120,084 to -€15,296
- Depreciation +€107,998
up €107,998 (+22.0%), from €490,927 to €598,924
- Taxes -€52,271
down €52,271 (-8.3%), from €628,474 to €576,203
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 | €6,607,016 | €7,877,490 | +€1.3m | +19.2% |
| Fixed assets | 21/28 | €2,960,383 | €2,793,292 | -€167,091 | -5.6% |
| Intangible fixed assets | 21 | €632,955 | €524,976 | -€107,979 | -17.1% |
| Tangible fixed assets | 22/27 | €2,327,341 | €2,268,229 | -€59,112 | -2.5% |
| Land and buildings | 22 | €37,124 | €33,394 | -€3,730 | -10.0% |
| Plant, machinery and equipment | 23 | €1,470,059 | €1,333,209 | -€136,849 | -9.3% |
| Furniture and vehicles | 24 | €537,459 | €503,510 | -€33,948 | -6.3% |
| Other tangible fixed assets | 26 | €282,699 | €398,114 | +€115,415 | +40.8% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €3,646,632 | €5,084,198 | +€1.4m | +39.4% |
| Stocks and contracts in progress | 3 | €1,005,500 | €1,306,125 | +€300,625 | +29.9% |
| Stocks | 30/36 | €1,005,500 | €1,306,125 | +€300,625 | +29.9% |
| Amounts receivable within one year | 40/41 | €753,848 | €1,060,810 | +€306,962 | +40.7% |
| Trade receivables | 40 | €599,081 | €960,810 | +€361,729 | +60.4% |
| Other amounts receivable | 41 | €154,767 | €100,000 | -€54,767 | -35.4% |
| Cash at bank and in hand | 54/58 | €1,851,840 | €2,689,697 | +€837,857 | +45.2% |
| Deferred charges and accrued income | 490/1 | €35,444 | €27,566 | -€7,878 | -22.2% |
| Total equity and liabilities | 10/49 | €6,607,016 | €7,877,490 | +€1.3m | +19.2% |
| Equity | 10/15 | €3,912,953 | €4,664,890 | +€751,937 | +19.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,935,446 | €3,862,953 | +€927,507 | +31.6% |
| Distributable reserves | 133 | €2,935,446 | €3,862,953 | +€927,507 | +31.6% |
| Profit (loss) carried forward | 14 | €927,507 | €751,937 | -€175,570 | -18.9% |
| Amounts payable | 17/49 | €2,694,062 | €3,212,599 | +€518,537 | +19.2% |
| Amounts payable after more than one year | 17 | €537,601 | €368,692 | -€168,909 | -31.4% |
| Financial debts | 170/4 | €537,601 | €368,692 | -€168,909 | -31.4% |
| Amounts payable within one year | 42/48 | €2,156,462 | €2,843,907 | +€687,446 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €201,308 | €168,909 | -€32,399 | -16.1% |
| Trade debts | 44 | €231,851 | €285,321 | +€53,470 | +23.1% |
| Suppliers | 440/4 | €231,851 | €285,321 | +€53,470 | +23.1% |
| Taxes, remuneration and social security | 45 | €461,601 | €199,693 | -€261,908 | -56.7% |
| Taxes | 450/3 | €402,588 | €139,342 | -€263,245 | -65.4% |
| Remuneration and social security | 454/9 | €59,013 | €60,351 | +€1,337 | +2.3% |
| Other amounts payable | 47/48 | €1,261,702 | €2,189,985 | +€928,283 | +73.6% |
| Remuneration, social security and pensions | 62 | €440,984 | €418,470 | -€22,514 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490,927 | €598,924 | +€107,998 | +22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120,084 | -€15,296 | -€135,380 | |
| Other operating charges | 640/8 | €5,829 | €29,050 | +€23,221 | +398.4% |
| Gross operating margin | 9900 | €3,645,732 | €3,385,689 | -€260,043 | -7.1% |
| Operating profit (loss) | 9901 | €2,587,908 | €2,354,540 | -€233,368 | -9.0% |
| Financial income | 75/76B | €19,985 | €17,297 | -€2,688 | -13.4% |
| Recurring financial income | 75 | €19,985 | €17,297 | -€2,688 | -13.4% |
| Financial charges | 65/66B | €51,911 | €43,697 | -€8,214 | -15.8% |
| Recurring financial charges | 65 | €51,911 | €43,697 | -€8,214 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €2,555,981 | €2,328,140 | -€227,841 | -8.9% |
| Income taxes | 67/77 | €628,474 | €576,203 | -€52,271 | -8.3% |
| Profit (loss) for the period | 9904 | €1,927,507 | €1,751,937 | -€175,570 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,927,507 | €1,751,937 | -€175,570 | -9.1% |
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.