POOLS: 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.
POOLS
Largest movements
- Current investments +€472,077
up €472,077 (+236.0%), from €200,000 to €672,077
- Tangible fixed assets -€339,792
down €339,792 (-83.0%), from €409,615 to €69,822
of which Land and buildings: -€322,701
- Cash -€149,260
down €149,260 (-60.6%), from €246,329 to €97,069
mainly Current investments (-€472,077) and Tax, wage and social debts (-€144,159)
- Stocks and contracts -€96,375
down €96,375 (-23.2%), from €415,656 to €319,281
- Profit (loss) carried forward +€150,782
new in 2025: €150,782
- Tax, wage and social debts -€144,159
no longer reported in 2025 (was €144,159)
of which Taxes: -€135,155
- Reserves -€47,712
down €47,712 (-8.3%), from €575,514 to €527,802
of which Tax-exempt reserves: -€47,712
- Debts after one year -€41,990
down €41,990 (-25.2%), from €166,910 to €124,920
of which Financial debts: -€41,990
- Provisions -€24,568
no longer reported in 2025 (was €24,568)
- Gross operating margin -€42,014
down €42,014 (-12.5%), from €337,344 to €295,331
- Financial charges +€36,166
up €36,166 (+130.0%), from €27,810 to €63,975
of which Financial charges: +€39,097
- Staff costs -€33,429
down €33,429 (-73.1%), from €45,728 to €12,299
- Write-downs +€29,834
up €29,834 (+212.8%), from €14,020 to €43,853
- Financial income +€11,427
up €11,427 (+1022.6%), from €1,117 to €12,545
of which Financial income: +€9,535
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 | €1,298,180 | €1,185,222 | -€112,958 | -8.7% |
| Fixed assets | 21/28 | €410,562 | €78,895 | -€331,667 | -80.8% |
| Intangible fixed assets | 21 | - | €8,328 | +€8,328 | |
| Tangible fixed assets | 22/27 | €409,615 | €69,822 | -€339,792 | -83.0% |
| Land and buildings | 22 | €338,531 | €15,830 | -€322,701 | -95.3% |
| Plant, machinery and equipment | 23 | €2,882 | €11,009 | +€8,127 | +282.0% |
| Furniture and vehicles | 24 | €68,202 | €42,983 | -€25,219 | -37.0% |
| Financial fixed assets | 28 | €947 | €745 | -€202 | -21.4% |
| Current assets | 29/58 | €887,618 | €1,106,327 | +€218,709 | +24.6% |
| Stocks and contracts in progress | 3 | €415,656 | €319,281 | -€96,375 | -23.2% |
| Stocks | 30/36 | €415,656 | €319,281 | -€96,375 | -23.2% |
| Amounts receivable within one year | 40/41 | €18,183 | €6,140 | -€12,043 | -66.2% |
| Trade receivables | 40 | €12,183 | €4,156 | -€8,027 | -65.9% |
| Other amounts receivable | 41 | €6,000 | €1,984 | -€4,016 | -66.9% |
| Current investments | 50/53 | €200,000 | €672,077 | +€472,077 | +236.0% |
| Cash at bank and in hand | 54/58 | €246,329 | €97,069 | -€149,260 | -60.6% |
| Deferred charges and accrued income | 490/1 | €7,451 | €11,761 | +€4,310 | +57.8% |
| Total equity and liabilities | 10/49 | €1,298,180 | €1,185,222 | -€112,958 | -8.7% |
| Equity | 10/15 | €575,514 | €678,584 | +€103,070 | +17.9% |
| Reserves | 13 | €575,514 | €527,802 | -€47,712 | -8.3% |
| Tax-exempt reserves | 132 | €65,604 | €17,892 | -€47,712 | -72.7% |
| Distributable reserves | 133 | €509,910 | €509,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €150,782 | +€150,782 | |
| Provisions and deferred taxes | 16 | €24,568 | - | -€24,568 | |
| Deferred taxes | 168 | €24,568 | - | -€24,568 | |
| Amounts payable | 17/49 | €698,099 | €506,638 | -€191,461 | -27.4% |
| Amounts payable after more than one year | 17 | €166,910 | €124,920 | -€41,990 | -25.2% |
| Financial debts | 170/4 | €42,963 | €973 | -€41,990 | -97.7% |
| Other amounts payable | 178/9 | €123,947 | €123,947 | = | 0.0% |
| Amounts payable within one year | 42/48 | €521,756 | €352,036 | -€169,720 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €24,575 | €16,300 | -€8,274 | -33.7% |
| Financial debts | 43 | €14,583 | €5 | -€14,579 | -100.0% |
| Credit institutions | 430/8 | €14,583 | €5 | -€14,579 | -100.0% |
| Trade debts | 44 | €13,993 | €14,857 | +€864 | +6.2% |
| Suppliers | 440/4 | €13,993 | €14,857 | +€864 | +6.2% |
| Taxes, remuneration and social security | 45 | €144,159 | - | -€144,159 | |
| Taxes | 450/3 | €135,155 | - | -€135,155 | |
| Remuneration and social security | 454/9 | €9,004 | - | -€9,004 | |
| Other amounts payable | 47/48 | €324,446 | €320,874 | -€3,571 | -1.1% |
| Accrued charges and deferred income | 492/3 | €9,433 | €29,682 | +€20,249 | +214.7% |
| Non-recurring operating income | 76A | - | €122,196 | +€122,196 | |
| Remuneration, social security and pensions | 62 | €45,728 | €12,299 | -€33,429 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,228 | €29,968 | -€9,260 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,020 | €43,853 | +€29,834 | +212.8% |
| Other operating charges | 640/8 | €5,315 | €7,238 | +€1,923 | +36.2% |
| Non-recurring operating charges | 66A | - | €1,481 | +€1,481 | |
| Gross operating margin | 9900 | €337,344 | €295,331 | -€42,014 | -12.5% |
| Operating profit (loss) | 9901 | €233,053 | €200,493 | -€32,560 | -14.0% |
| Financial income | 75/76B | €1,117 | €12,545 | +€11,427 | +1022.6% |
| Recurring financial income | 75 | €1,117 | €10,653 | +€9,535 | +853.3% |
| Non-recurring financial income | 76B | - | €1,892 | +€1,892 | |
| Financial charges | 65/66B | €27,810 | €63,975 | +€36,166 | +130.0% |
| Recurring financial charges | 65 | €23,792 | €62,888 | +€39,097 | +164.3% |
| Non-recurring financial charges | 66B | €4,018 | €1,087 | -€2,931 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €206,361 | €149,062 | -€57,299 | -27.8% |
| Transfer from deferred taxes | 780 | €1,115 | €24,568 | +€23,453 | +2103.2% |
| Income taxes | 67/77 | €66,885 | €62,560 | -€4,325 | -6.5% |
| Profit (loss) for the period | 9904 | €140,592 | €111,070 | -€29,522 | -21.0% |
| Transfer from tax-exempt reserves | 789 | €2,166 | €47,712 | +€45,546 | +2103.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,757 | €158,782 | +€16,025 | +11.2% |
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 6 October 2026 via checked.be.