POSADA: 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.
What changed
POSADA
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,096
2024 · €65,298-€14,202
Equity
€182,691
2024 · €131,595+€51,096
Cash
€34,580
2024 · €2,830+€31,750
Balance sheet total
€6.7m
2024 · €6.2m+€540,365
Largest movements
Assets
- Financial fixed assets +€516,649
up €516,649 (+9.4%), from €5.5m to €6.0m
Equity and liabilities
- Other debts +€533,412
up €533,412 (+10.0%), from €5.3m to €5.9m
Income statement
- Financial income -€22,982
down €22,982 (-14.4%), from €159,631 to €136,649
- Other operating charges -€14,598
down €14,598 (-66.6%), from €21,926 to €7,328
- Gross operating margin -€10,254
down €10,254 (-83.5%), from -€12,280 to -€22,535
- Taxes -€4,634
down €4,634 (-21.3%), from €21,766 to €17,132
- Depreciation +€1,114
up €1,114 (+4.8%), from €23,273 to €24,386
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.
Result 2024
€65,298
Gross operating margin
-€10,254
Depreciation
-€1,114
Other operating charges
+€14,598
Financial income
-€22,982
Financial charges
+€916
Taxes
+€4,634
Result 2025
€51,096
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.
From operations
+€600,514
Investment
-€543,917
Financing
-€24,846
Cash 2024
€2,830
From operations (derived)
+€600,514
Net result for the year
+€51,096
Depreciation
+€24,386
Receivables within one year
+€10,953
Smaller working-capital items
-€528
Trade debts
-€1,443
Tax, wage and social debts
-€17,363
Other debts
+€533,412
Investment (derived)
-€543,917
Investment in fixed assets (net)
-€543,917
Financing
-€24,846
Debts after one year
-€25,360
Current portion of long-term debt
+€513
Cash 2025
€34,580
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,156,353 | €6,696,718 | +€540,365 | +8.8% |
| Fixed assets | 21/28 | €6,138,816 | €6,658,347 | +€519,531 | +8.5% |
| Tangible fixed assets | 22/27 | €643,609 | €646,491 | +€2,881 | +0.4% |
| Land and buildings | 22 | €635,152 | €635,453 | +€302 | 0.0% |
| Plant, machinery and equipment | 23 | - | €11,037 | +€11,037 | |
| Assets under construction and advance payments | 27 | €8,458 | €0 | -€8,458 | -100.0% |
| Financial fixed assets | 28 | €5,495,207 | €6,011,856 | +€516,649 | +9.4% |
| Current assets | 29/58 | €17,537 | €38,372 | +€20,835 | +118.8% |
| Amounts receivable within one year | 40/41 | €13,589 | €2,635 | -€10,953 | -80.6% |
| Trade receivables | 40 | €355 | €2,267 | +€1,913 | +539.2% |
| Other amounts receivable | 41 | €13,234 | €368 | -€12,866 | -97.2% |
| Cash at bank and in hand | 54/58 | €2,830 | €34,580 | +€31,750 | +1122.1% |
| Deferred charges and accrued income | 490/1 | €1,119 | €1,156 | +€38 | +3.4% |
| Total equity and liabilities | 10/49 | €6,156,353 | €6,696,718 | +€540,365 | +8.8% |
| Equity | 10/15 | €131,595 | €182,691 | +€51,096 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,995 | €164,091 | +€51,096 | +45.2% |
| Distributable reserves | 133 | €112,995 | €164,091 | +€51,096 | +45.2% |
| Amounts payable | 17/49 | €6,024,758 | €6,514,028 | +€489,269 | +8.1% |
| Amounts payable after more than one year | 17 | €639,266 | €613,906 | -€25,360 | -4.0% |
| Financial debts | 170/4 | €445,055 | €412,101 | -€32,953 | -7.4% |
| Other amounts payable | 178/9 | €194,211 | €201,805 | +€7,594 | +3.9% |
| Amounts payable within one year | 42/48 | €5,380,482 | €5,895,601 | +€515,119 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €35,165 | €35,678 | +€513 | +1.5% |
| Trade debts | 44 | €1,443 | €0 | -€1,443 | -100.0% |
| Suppliers | 440/4 | €1,443 | €0 | -€1,443 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,363 | €0 | -€17,363 | -100.0% |
| Taxes | 450/3 | €17,363 | €0 | -€17,363 | -100.0% |
| Other amounts payable | 47/48 | €5,326,511 | €5,859,923 | +€533,412 | +10.0% |
| Accrued charges and deferred income | 492/3 | €5,010 | €4,520 | -€490 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,273 | €24,386 | +€1,114 | +4.8% |
| Other operating charges | 640/8 | €21,926 | €7,328 | -€14,598 | -66.6% |
| Gross operating margin | 9900 | -€12,280 | -€22,535 | -€10,254 | -83.5% |
| Operating profit (loss) | 9901 | -€57,479 | -€54,249 | +€3,230 | +5.6% |
| Financial income | 75/76B | €159,631 | €136,649 | -€22,982 | -14.4% |
| Recurring financial income | 75 | €159,631 | €136,649 | -€22,982 | -14.4% |
| Financial charges | 65/66B | €15,088 | €14,172 | -€916 | -6.1% |
| Recurring financial charges | 65 | €15,088 | €14,172 | -€916 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €87,064 | €68,228 | -€18,836 | -21.6% |
| Income taxes | 67/77 | €21,766 | €17,132 | -€4,634 | -21.3% |
| Profit (loss) for the period | 9904 | €65,298 | €51,096 | -€14,202 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,298 | €51,096 | -€14,202 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.