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POOLPLUS: 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

POOLPLUS

BE 0437.817.616
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,599
2024 · -€3,496+€21,095
Equity
€279
2024 · -€17,320+€17,599
Cash
-
2024 · €2,314-€2,314
Balance sheet total
€556,584
2024 · €383,475+€173,109

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€234,531

    up €234,531 (+131.1%), from €178,940 to €413,471

  • Receivables within one year -€91,441

    down €91,441 (-49.6%), from €184,301 to €92,859

    of which Trade receivables: -€94,068

  • Tangible fixed assets +€32,333

    up €32,333 (+190.9%), from €16,936 to €49,269

    of which Land and buildings: +€31,751

Equity and liabilities
  • Debts after one year +€120,000

    up €120,000 (+68.0%), from €176,529 to €296,529

    of which Financial debts: +€120,000

  • Other debts +€42,095

    up €42,095 (+394.5%), from €10,670 to €52,765

  • Tax, wage and social debts +€21,926

    up €21,926 (+64.7%), from €33,879 to €55,805

    of which Remuneration and social security: +€24,462

  • Profit (loss) carried forward +€17,599

    up €17,599 (+29.4%), from -€59,865 to -€42,265

  • Trade debts -€16,716

    down €16,716 (-13.6%), from €123,322 to €106,605

Income statement
  • Gross operating margin +€28,003

    up €28,003 (+36.6%), from €76,519 to €104,522

  • Depreciation -€7,428

    down €7,428 (-46.2%), from €16,082 to €8,655

  • Financial charges +€7,226

    up €7,226 (+129.2%), from €5,593 to €12,820

  • Other operating charges +€3,932

    up €3,932 (+125.8%), from €3,125 to €7,056

  • Staff costs +€2,927

    up €2,927 (+5.3%), from €55,214 to €58,141

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 -€3,496
Gross operating margin +€28,003
Staff costs -€2,927
Depreciation +€7,428
Other operating charges -€3,932
Financial income +€496
Financial charges -€7,226
Taxes -€747
Result 2025 €17,599

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 -€69,532
Investment -€40,988
Financing +€108,206
Cash 2024 €2,314
Net result for the year +€17,599
Depreciation +€8,655
Stocks and contracts -€234,531
Receivables within one year +€91,441
Trade debts -€16,716
Tax, wage and social debts +€21,926
Other debts +€42,095
Investment in fixed assets (net) -€40,988
Debts after one year +€120,000
Short-term financial debts -€11,794
Cash 2025 €0
Every line side by side 50 lines
Line Code 2024 2025 Change %
Total assets 20/58 €383,475 €556,584 +€173,109 +45.1%
Fixed assets 21/28 €17,921 €50,254 +€32,333 +180.4%
Tangible fixed assets 22/27 €16,936 €49,269 +€32,333 +190.9%
Land and buildings 22 - €31,751 +€31,751
Plant, machinery and equipment 23 €10,537 €7,669 -€2,868 -27.2%
Furniture and vehicles 24 €4,056 €9,849 +€5,793 +142.8%
Other tangible fixed assets 26 €2,343 - -€2,343
Financial fixed assets 28 €985 €985 = 0.0%
Current assets 29/58 €365,555 €506,331 +€140,776 +38.5%
Stocks and contracts in progress 3 €178,940 €413,471 +€234,531 +131.1%
Stocks 30/36 €178,940 €413,471 +€234,531 +131.1%
Amounts receivable within one year 40/41 €184,301 €92,859 -€91,441 -49.6%
Trade receivables 40 €183,613 €89,544 -€94,068 -51.2%
Other amounts receivable 41 €688 €3,315 +€2,627 +381.8%
Cash at bank and in hand 54/58 €2,314 - -€2,314
Total equity and liabilities 10/49 €383,475 €556,584 +€173,109 +45.1%
Equity 10/15 -€17,320 €279 +€17,599
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €23,952 €23,952 = 0.0%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Reserves not available under the articles 1311 €1,859 €1,859 = 0.0%
Distributable reserves 133 €22,093 €22,093 = 0.0%
Profit (loss) carried forward 14 -€59,865 -€42,265 +€17,599 +29.4%
Amounts payable 17/49 €400,796 €556,305 +€155,510 +38.8%
Amounts payable after more than one year 17 €176,529 €296,529 +€120,000 +68.0%
Financial debts 170/4 €41,000 €161,000 +€120,000 +292.7%
Other amounts payable 178/9 €135,529 €135,529 = 0.0%
Amounts payable within one year 42/48 €224,267 €259,776 +€35,510 +15.8%
Financial debts 43 €56,396 €44,601 -€11,794 -20.9%
Credit institutions 430/8 €56,396 €44,601 -€11,794 -20.9%
Trade debts 44 €123,322 €106,605 -€16,716 -13.6%
Suppliers 440/4 €123,322 €106,605 -€16,716 -13.6%
Taxes, remuneration and social security 45 €33,879 €55,805 +€21,926 +64.7%
Taxes 450/3 €3,438 €902 -€2,536 -73.8%
Remuneration and social security 454/9 €30,441 €54,903 +€24,462 +80.4%
Other amounts payable 47/48 €10,670 €52,765 +€42,095 +394.5%
Non-recurring operating income 76A €65,205 €132 -€65,073 -99.8%
Remuneration, social security and pensions 62 €55,214 €58,141 +€2,927 +5.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,082 €8,655 -€7,428 -46.2%
Other operating charges 640/8 €3,125 €7,056 +€3,932 +125.8%
Gross operating margin 9900 €76,519 €104,522 +€28,003 +36.6%
Operating profit (loss) 9901 €2,097 €30,670 +€28,572 +1362.3%
Financial income 75/76B €0 €496 +€496 +451063.6%
Recurring financial income 75 €0 €496 +€496 +451063.6%
Financial charges 65/66B €5,593 €12,820 +€7,226 +129.2%
Recurring financial charges 65 €5,593 €12,820 +€7,226 +129.2%
Profit (loss) for the period before taxes 9903 -€3,496 €18,346 +€21,842
Income taxes 67/77 - €747 +€747
Profit (loss) for the period 9904 -€3,496 €17,599 +€21,095
Profit (loss) for the period to be appropriated 9905 -€3,496 €17,599 +€21,095

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.