POSA: 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.
POSA
Largest movements
- Receivables within one year +€343,632
up €343,632 (+101%), from €339,595 to €683,227
of which Trade receivables: +€396,402
- Cash -€160,578
no longer reported in 2026 (was €160,578)
mainly Receivables within one year (-€343,632) and Receivables after one year (-€26,000)
- Receivables after one year +€26,000
up €26,000 (+23.0%), from €113,216 to €139,216
of which Trade receivables: +€20,000
- Trade debts +€111,402
up €111,402 (+139%), from €80,326 to €191,728
- Reserves +€95,000
up €95,000 (+19.4%), from €490,000 to €585,000
- Debts after one year -€13,006
down €13,006 (-37.2%), from €34,990 to €21,984
- Gross operating margin +€175,289
up €175,289 (+36.2%), from €484,231 to €659,520
- Staff costs +€76,420
up €76,420 (+18.3%), from €417,537 to €493,957
- Taxes +€25,976
up €25,976 (+249%), from €10,444 to €36,420
- Financial charges +€9,534
up €9,534 (+41.9%), from €22,779 to €32,313
- Financial income +€9,256
up €9,256 (+163%), from €5,689 to €14,945
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €804,432 | €998,727 | +€194,295 | +24.2% |
| Fixed assets | 21/28 | €82,709 | €76,075 | -€6,634 | -8.0% |
| Tangible fixed assets | 22/27 | €82,709 | €76,075 | -€6,634 | -8.0% |
| Land and buildings | 22 | €76,066 | €66,955 | -€9,111 | -12.0% |
| Plant, machinery and equipment | 23 | €2,078 | €4,429 | +€2,351 | +113% |
| Furniture and vehicles | 24 | €4,565 | €4,691 | +€126 | +2.8% |
| Current assets | 29/58 | €721,722 | €922,651 | +€200,929 | +27.8% |
| Amounts receivable after more than one year | 29 | €113,216 | €139,216 | +€26,000 | +23.0% |
| Trade receivables | 290 | €113,216 | €133,216 | +€20,000 | +17.7% |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Stocks and contracts in progress | 3 | €90,114 | €84,512 | -€5,602 | -6.2% |
| Stocks | 30/36 | €90,114 | €84,512 | -€5,602 | -6.2% |
| Amounts receivable within one year | 40/41 | €339,595 | €683,227 | +€343,632 | +101% |
| Trade receivables | 40 | €221,956 | €618,357 | +€396,402 | +179% |
| Other amounts receivable | 41 | €117,639 | €64,869 | -€52,770 | -44.9% |
| Cash at bank and in hand | 54/58 | €160,578 | - | -€160,578 | |
| Deferred charges and accrued income | 490/1 | €18,219 | €15,697 | -€2,523 | -13.8% |
| Total equity and liabilities | 10/49 | €804,432 | €998,727 | +€194,295 | +24.2% |
| Equity | 10/15 | €521,327 | €615,310 | +€93,983 | +18.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €490,000 | €585,000 | +€95,000 | +19.4% |
| Distributable reserves | 133 | €490,000 | €585,000 | +€95,000 | +19.4% |
| Profit (loss) carried forward | 14 | €1,327 | €310 | -€1,017 | -76.6% |
| Amounts payable | 17/49 | €283,105 | €383,416 | +€100,312 | +35.4% |
| Amounts payable after more than one year | 17 | €34,990 | €21,984 | -€13,006 | -37.2% |
| Financial debts | 170/4 | €34,990 | €21,984 | -€13,006 | -37.2% |
| Amounts payable within one year | 42/48 | €248,115 | €360,378 | +€112,264 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €12,716 | €13,006 | +€289 | +2.3% |
| Financial debts | 43 | €129,000 | €121,981 | -€7,019 | -5.4% |
| Credit institutions | 430/8 | €129,000 | €121,981 | -€7,019 | -5.4% |
| Trade debts | 44 | €80,326 | €191,728 | +€111,402 | +139% |
| Suppliers | 440/4 | €80,326 | €191,728 | +€111,402 | +139% |
| Advances received on contracts in progress | 46 | - | €275 | +€275 | |
| Taxes, remuneration and social security | 45 | €23,492 | €30,808 | +€7,316 | +31.1% |
| Taxes | 450/3 | €10,453 | €11,420 | +€967 | +9.3% |
| Remuneration and social security | 454/9 | €13,039 | €19,388 | +€6,349 | +48.7% |
| Other amounts payable | 47/48 | €2,580 | €2,580 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,054 | +€1,054 | |
| Remuneration, social security and pensions | 62 | €417,537 | €493,957 | +€76,420 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,860 | €14,353 | -€3,506 | -19.6% |
| Other operating charges | 640/8 | €5,182 | €3,439 | -€1,743 | -33.6% |
| Gross operating margin | 9900 | €484,231 | €659,520 | +€175,289 | +36.2% |
| Operating profit (loss) | 9901 | €43,652 | €147,770 | +€104,119 | +239% |
| Financial income | 75/76B | €5,689 | €14,945 | +€9,256 | +163% |
| Recurring financial income | 75 | €5,689 | €14,945 | +€9,256 | +163% |
| Financial charges | 65/66B | €22,779 | €32,313 | +€9,534 | +41.9% |
| Recurring financial charges | 65 | €22,779 | €32,313 | +€9,534 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €26,562 | €130,403 | +€103,841 | +391% |
| Income taxes | 67/77 | €10,444 | €36,420 | +€25,976 | +249% |
| Profit (loss) for the period | 9904 | €16,118 | €93,983 | +€77,865 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €16,118 | €93,983 | +€77,865 | +483% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.