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POOL POSITION: what changed

Two fiscal 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.

What changed

POOL POSITION

BE 0882.346.147
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,224
2024 · €12,076-€10,852
Equity
€25,322
2024 · €24,098+€1,224
Cash
€8,114
2024 · €1,741+€6,373
Balance sheet total
€54,710
2024 · €64,561-€9,851

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€16,153

    down €16,153 (-25.8%), from €62,688 to €46,535

    of which Trade receivables: -€21,282

  • Cash +€6,373

    up €6,373 (+366.2%), from €1,741 to €8,114

    mainly Receivables within one year (+€16,153) and Tax, wage and social debts (+€5,405)

Equity and liabilities
  • Other debts -€17,781

    down €17,781 (-55.1%), from €32,263 to €14,482

  • Tax, wage and social debts +€5,405

    up €5,405 (+281.2%), from €1,922 to €7,327

    of which Remuneration and social security: +€3,700

  • Reserves +€2,969

    up €2,969 (+18.5%), from €16,031 to €19,000

  • Profit (loss) carried forward -€1,745

    down €1,745 (-93.5%), from €1,867 to €122

  • Trade debts +€1,300

    up €1,300 (+35.0%), from €3,712 to €5,013

Income statement
  • Write-downs +€5,515

    new in 2025: €5,515

  • Gross operating margin -€5,157

    down €5,157 (-37.5%), from €13,763 to €8,606

  • Taxes +€1,520

    up €1,520 (+2117.7%), from €72 to €1,591

  • Financial charges -€913

    down €913 (-55.0%), from €1,662 to €748

  • Financial income +€351

    up €351 (+59.3%), from €592 to €944

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €12,076
Gross operating margin -€5,157
Depreciation +€40
Write-downs -€5,515
Other operating charges +€35
Financial income +€351
Financial charges +€913
Taxes -€1,520
Result 2025 €1,224

Cash bridge derived

cash 2024 to 2025

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.

From operations +€6,373
Investment €0
Financing €0
Cash 2024 €1,741
Net result for the year +€1,224
Depreciation +€84
Receivables within one year +€16,153
Smaller working-capital items -€11
Trade debts +€1,300
Tax, wage and social debts +€5,405
Other debts -€17,781
Cash 2025 €8,114
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €64,561 €54,710 -€9,851 -15.3%
Fixed assets 21/28 €84 - -€84
Tangible fixed assets 22/27 €84 - -€84
Furniture and vehicles 24 €84 - -€84
Current assets 29/58 €64,477 €54,710 -€9,767 -15.1%
Amounts receivable within one year 40/41 €62,688 €46,535 -€16,153 -25.8%
Trade receivables 40 €38,717 €17,435 -€21,282 -55.0%
Other amounts receivable 41 €23,971 €29,100 +€5,129 +21.4%
Cash at bank and in hand 54/58 €1,741 €8,114 +€6,373 +366.2%
Deferred charges and accrued income 490/1 €48 €61 +€13 +26.4%
Total equity and liabilities 10/49 €64,561 €54,710 -€9,851 -15.3%
Equity 10/15 €24,098 €25,322 +€1,224 +5.1%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €16,031 €19,000 +€2,969 +18.5%
Distributable reserves 133 €16,031 €19,000 +€2,969 +18.5%
Profit (loss) carried forward 14 €1,867 €122 -€1,745 -93.5%
Amounts payable 17/49 €40,463 €29,388 -€11,075 -27.4%
Amounts payable within one year 42/48 €37,898 €26,821 -€11,076 -29.2%
Trade debts 44 €3,712 €5,013 +€1,300 +35.0%
Suppliers 440/4 €3,712 €5,013 +€1,300 +35.0%
Taxes, remuneration and social security 45 €1,922 €7,327 +€5,405 +281.2%
Taxes 450/3 €72 €1,777 +€1,705 +2375.8%
Remuneration and social security 454/9 €1,850 €5,550 +€3,700 +200.0%
Other amounts payable 47/48 €32,263 €14,482 -€17,781 -55.1%
Accrued charges and deferred income 492/3 €2,566 €2,567 +€1 +0.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €124 €84 -€40 -32.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 - €5,515 +€5,515
Other operating charges 640/8 €422 €387 -€35 -8.3%
Gross operating margin 9900 €13,763 €8,606 -€5,157 -37.5%
Operating profit (loss) 9901 €13,217 €2,620 -€10,597 -80.2%
Financial income 75/76B €592 €944 +€351 +59.3%
Recurring financial income 75 €592 €944 +€351 +59.3%
Financial charges 65/66B €1,662 €748 -€913 -55.0%
Recurring financial charges 65 €1,662 €748 -€913 -55.0%
Profit (loss) for the period before taxes 9903 €12,147 €2,815 -€9,332 -76.8%
Income taxes 67/77 €72 €1,591 +€1,520 +2117.7%
Profit (loss) for the period 9904 €12,076 €1,224 -€10,852 -89.9%
Profit (loss) for the period to be appropriated 9905 €12,076 €1,224 -€10,852 -89.9%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.