POSE: what changed
POSE
Largest movements
- Tangible fixed assets +€29,265
up €29,265 (+7.0%), from €418,312 to €447,577
of which Furniture and vehicles: +€36,509
- Receivables within one year -€17,359
down €17,359 (-11.5%), from €150,322 to €132,963
of which Other amounts receivable: -€64,666
- Cash -€10,525
down €10,525 (-9.1%), from €116,183 to €105,658
mainly Contributions, distributions and other (-€109,086) and Investment in fixed assets (net) (-€86,843)
- Reserves -€46,238
down €46,238 (-8.5%), from €544,667 to €498,429
- Trade debts +€14,496
up €14,496 (+40.6%), from €35,691 to €50,187
- Other debts +€13,929
up €13,929 (+548%), from €2,542 to €16,471
- Tax, wage and social debts +€13,195
up €13,195 (+38.5%), from €34,269 to €47,464
of which Taxes: +€7,362
- Current portion of long-term debt -€8,591
down €8,591 (-15.8%), from €54,458 to €45,867
- Staff costs +€27,039
up €27,039 (+16.0%), from €169,210 to €196,249
- Gross operating margin +€23,045
up €23,045 (+6.3%), from €367,076 to €390,121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,976 | €791,500 | -€3,476 | -0.4% |
| Fixed assets | 21/28 | €418,433 | €447,577 | +€29,144 | +7.0% |
| Intangible fixed assets | 21 | €121 | - | -€121 | |
| Tangible fixed assets | 22/27 | €418,312 | €447,577 | +€29,265 | +7.0% |
| Land and buildings | 22 | €261,645 | €252,452 | -€9,193 | -3.5% |
| Plant, machinery and equipment | 23 | €64,271 | €66,219 | +€1,949 | +3.0% |
| Furniture and vehicles | 24 | €92,397 | €128,906 | +€36,509 | +39.5% |
| Current assets | 29/58 | €376,543 | €343,923 | -€32,620 | -8.7% |
| Amounts receivable within one year | 40/41 | €150,322 | €132,963 | -€17,359 | -11.5% |
| Trade receivables | 40 | €85,656 | €132,963 | +€47,307 | +55.2% |
| Other amounts receivable | 41 | €64,666 | - | -€64,666 | |
| Cash at bank and in hand | 54/58 | €116,183 | €105,658 | -€10,525 | -9.1% |
| Deferred charges and accrued income | 490/1 | €110,038 | €105,303 | -€4,736 | -4.3% |
| Total equity and liabilities | 10/49 | €794,976 | €791,500 | -€3,476 | -0.4% |
| Equity | 10/15 | €563,267 | €517,029 | -€46,238 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €544,667 | €498,429 | -€46,238 | -8.5% |
| Distributable reserves | 133 | €544,667 | €498,429 | -€46,238 | -8.5% |
| Amounts payable | 17/49 | €231,709 | €274,471 | +€42,762 | +18.5% |
| Amounts payable after more than one year | 17 | €76,076 | €77,976 | +€1,900 | +2.5% |
| Financial debts | 170/4 | €76,076 | €77,976 | +€1,900 | +2.5% |
| Amounts payable within one year | 42/48 | €126,960 | €161,010 | +€34,050 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €54,458 | €45,867 | -€8,591 | -15.8% |
| Trade debts | 44 | €35,691 | €50,187 | +€14,496 | +40.6% |
| Suppliers | 440/4 | €35,691 | €50,187 | +€14,496 | +40.6% |
| Advances received on contracts in progress | 46 | - | €1,021 | +€1,021 | |
| Taxes, remuneration and social security | 45 | €34,269 | €47,464 | +€13,195 | +38.5% |
| Taxes | 450/3 | €19,955 | €27,317 | +€7,362 | +36.9% |
| Remuneration and social security | 454/9 | €14,314 | €20,147 | +€5,833 | +40.7% |
| Other amounts payable | 47/48 | €2,542 | €16,471 | +€13,929 | +548% |
| Accrued charges and deferred income | 492/3 | €28,673 | €35,485 | +€6,811 | +23.8% |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | €169,210 | €196,249 | +€27,039 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,986 | €57,699 | +€3,713 | +6.9% |
| Other operating charges | 640/8 | €4,787 | €2,863 | -€1,924 | -40.2% |
| Gross operating margin | 9900 | €367,076 | €390,121 | +€23,045 | +6.3% |
| Operating profit (loss) | 9901 | €139,093 | €133,310 | -€5,782 | -4.2% |
| Financial income | 75/76B | €265 | - | -€265 | |
| Recurring financial income | 75 | €265 | - | -€265 | |
| Financial charges | 65/66B | €39,212 | €38,915 | -€298 | -0.8% |
| Recurring financial charges | 65 | €39,212 | €38,915 | -€298 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €100,146 | €94,395 | -€5,750 | -5.7% |
| Income taxes | 67/77 | €32,613 | €31,547 | -€1,065 | -3.3% |
| Profit (loss) for the period | 9904 | €67,533 | €62,848 | -€4,685 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,533 | €62,848 | -€4,685 | -6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.