PoolGroup: 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.
PoolGroup
Largest movements
- Receivables within one year +€575,124
up €575,124 (+77.6%), from €740,758 to €1.3m
of which Trade receivables: +€577,338
- Cash +€287,298
up €287,298 (+178.8%), from €160,656 to €447,955
mainly Debts after one year (+€499,032) and Depreciation (+€183,485)
- Deferred charges and accrued income -€132,412
down €132,412 (-60.9%), from €217,278 to €84,866
- Tangible fixed assets -€104,755
down €104,755 (-13.6%), from €771,856 to €667,100
of which Other tangible fixed assets: -€78,789
- Stocks and contracts +€93,903
up €93,903 (+21.3%), from €441,401 to €535,304
- Debts after one year +€499,032
up €499,032 (+510.1%), from €97,833 to €596,864
- Trade debts -€129,630
down €129,630 (-10.7%), from €1.2m to €1.1m
- Tax, wage and social debts +€121,814
up €121,814 (+90.1%), from €135,175 to €256,989
of which Taxes: +€86,067
- Current portion of long-term debt +€114,185
up €114,185 (+209.7%), from €54,446 to €168,631
- Reserves +€111,729
up €111,729 (+15.9%), from €702,157 to €813,885
of which Distributable reserves: +€111,729
- Staff costs +€127,849
up €127,849 (+14.0%), from €910,628 to €1.0m
- Gross operating margin +€112,085
up €112,085 (+8.3%), from €1.3m to €1.5m
- Financial charges +€24,374
up €24,374 (+107.0%), from €22,782 to €47,155
- Depreciation -€16,633
down €16,633 (-8.3%), from €200,118 to €183,485
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 | €2,333,532 | €3,053,490 | +€719,958 | +30.9% |
| Fixed assets | 21/28 | €773,438 | €669,483 | -€103,955 | -13.4% |
| Tangible fixed assets | 22/27 | €771,856 | €667,100 | -€104,755 | -13.6% |
| Plant, machinery and equipment | 23 | €223,526 | €186,347 | -€37,179 | -16.6% |
| Furniture and vehicles | 24 | €80,378 | €91,590 | +€11,212 | +13.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €467,952 | €389,162 | -€78,789 | -16.8% |
| Financial fixed assets | 28 | €1,583 | €2,383 | +€800 | +50.6% |
| Current assets | 29/58 | €1,560,094 | €2,384,007 | +€823,913 | +52.8% |
| Stocks and contracts in progress | 3 | €441,401 | €535,304 | +€93,903 | +21.3% |
| Stocks | 30/36 | €441,401 | €535,304 | +€93,903 | +21.3% |
| Amounts receivable within one year | 40/41 | €740,758 | €1,315,882 | +€575,124 | +77.6% |
| Trade receivables | 40 | €688,598 | €1,265,937 | +€577,338 | +83.8% |
| Other amounts receivable | 41 | €52,160 | €49,946 | -€2,214 | -4.2% |
| Cash at bank and in hand | 54/58 | €160,656 | €447,955 | +€287,298 | +178.8% |
| Deferred charges and accrued income | 490/1 | €217,278 | €84,866 | -€132,412 | -60.9% |
| Total equity and liabilities | 10/49 | €2,333,532 | €3,053,490 | +€719,958 | +30.9% |
| Equity | 10/15 | €722,157 | €833,885 | +€111,729 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €702,157 | €813,885 | +€111,729 | +15.9% |
| Non-distributable reserves | 130/1 | €1,631 | €1,631 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,631 | €1,631 | = | 0.0% |
| Distributable reserves | 133 | €700,525 | €812,254 | +€111,729 | +15.9% |
| Amounts payable | 17/49 | €1,611,376 | €2,219,605 | +€608,229 | +37.7% |
| Amounts payable after more than one year | 17 | €97,833 | €596,864 | +€499,032 | +510.1% |
| Financial debts | 170/4 | €97,833 | €596,864 | +€499,032 | +510.1% |
| Amounts payable within one year | 42/48 | €1,456,588 | €1,581,730 | +€125,142 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €54,446 | €168,631 | +€114,185 | +209.7% |
| Financial debts | 43 | €57,902 | €75,668 | +€17,766 | +30.7% |
| Credit institutions | 430/8 | €17,902 | €75,668 | +€57,766 | +322.7% |
| Other loans | 439 | €40,000 | €0 | -€40,000 | -100.0% |
| Trade debts | 44 | €1,209,065 | €1,079,434 | -€129,630 | -10.7% |
| Suppliers | 440/4 | €1,209,065 | €1,079,434 | -€129,630 | -10.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €135,175 | €256,989 | +€121,814 | +90.1% |
| Taxes | 450/3 | €60,235 | €146,302 | +€86,067 | +142.9% |
| Remuneration and social security | 454/9 | €74,940 | €110,687 | +€35,747 | +47.7% |
| Other amounts payable | 47/48 | €0 | €1,007 | +€1,007 | |
| Accrued charges and deferred income | 492/3 | €56,955 | €41,010 | -€15,944 | -28.0% |
| Non-recurring operating income | 76A | €2,948 | €24,940 | +€21,993 | +746.1% |
| Remuneration, social security and pensions | 62 | €910,628 | €1,038,476 | +€127,849 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,118 | €183,485 | -€16,633 | -8.3% |
| Other operating charges | 640/8 | €15,541 | €20,186 | +€4,644 | +29.9% |
| Non-recurring operating charges | 66A | €1,000 | €11,414 | +€10,414 | +1041.4% |
| Gross operating margin | 9900 | €1,347,592 | €1,459,677 | +€112,085 | +8.3% |
| Operating profit (loss) | 9901 | €220,305 | €206,116 | -€14,189 | -6.4% |
| Financial income | 75/76B | €1,639 | €1,458 | -€181 | -11.0% |
| Recurring financial income | 75 | €1,639 | €1,458 | -€181 | -11.0% |
| Financial charges | 65/66B | €22,782 | €47,155 | +€24,374 | +107.0% |
| Recurring financial charges | 65 | €22,782 | €47,155 | +€24,374 | +107.0% |
| Profit (loss) for the period before taxes | 9903 | €199,163 | €160,418 | -€38,744 | -19.5% |
| Income taxes | 67/77 | €59,912 | €48,690 | -€11,222 | -18.7% |
| Profit (loss) for the period | 9904 | €139,250 | €111,729 | -€27,522 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,250 | €111,729 | -€27,522 | -19.8% |
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 9 October 2026 via checked.be.