POSEN DIRK: 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.
POSEN DIRK
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€21,641
up €21,641 (+12.4%), from €174,912 to €196,552
mainly Current investments (+€50,000) and Depreciation (+€19,475)
- Tangible fixed assets -€15,475
down €15,475 (-37.1%), from €41,688 to €26,213
of which Furniture and vehicles: -€14,927
- Deferred charges and accrued income +€8,668
up €8,668 (+3,711%), from €234 to €8,902
- Debts after one year -€15,958
down €15,958 (-52.1%), from €30,659 to €14,701
- Reserves -€10,287
down €10,287 (-13.0%), from €78,847 to €68,560
of which Distributable reserves: -€8,387
- Tax, wage and social debts -€6,815
down €6,815 (-66.1%), from €10,315 to €3,500
of which Taxes: -€6,833
- Gross operating margin +€18,507
up €18,507 (+86.3%), from €21,437 to €39,945
- Taxes +€4,978
up €4,978 (+191%), from €2,613 to €7,591
- Write-downs +€2,263
up €2,263, from -€2,263 to €0
- Financial income +€2,053
up €2,053 (+30.7%), from €6,678 to €8,731
- Other operating charges +€1,437
up €1,437 (+320%), from €449 to €1,887
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.
Derived cash bridge
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 | €307,251 | €270,240 | -€37,011 | -12.0% |
| Fixed assets | 21/28 | €41,688 | €26,213 | -€15,475 | -37.1% |
| Tangible fixed assets | 22/27 | €41,688 | €26,213 | -€15,475 | -37.1% |
| Plant, machinery and equipment | 23 | €1,308 | €760 | -€548 | -41.9% |
| Furniture and vehicles | 24 | €40,380 | €25,453 | -€14,927 | -37.0% |
| Current assets | 29/58 | €265,563 | €244,027 | -€21,536 | -8.1% |
| Amounts receivable within one year | 40/41 | €40,418 | €38,573 | -€1,845 | -4.6% |
| Trade receivables | 40 | €26,003 | €8,780 | -€17,223 | -66.2% |
| Other amounts receivable | 41 | €14,414 | €29,793 | +€15,378 | +107% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €174,912 | €196,552 | +€21,641 | +12.4% |
| Deferred charges and accrued income | 490/1 | €234 | €8,902 | +€8,668 | +3,711% |
| Total equity and liabilities | 10/49 | €307,251 | €270,240 | -€37,011 | -12.0% |
| Equity | 10/15 | €230,147 | €219,860 | -€10,287 | -4.5% |
| Contributions | 10/11 | €151,300 | €151,300 | = | 0.0% |
| Reserves | 13 | €78,847 | €68,560 | -€10,287 | -13.0% |
| Non-distributable reserves | 130/1 | €1,900 | €0 | -€1,900 | -100% |
| Reserves not available under the articles | 1311 | €1,900 | €0 | -€1,900 | -100% |
| Distributable reserves | 133 | €76,947 | €68,560 | -€8,387 | -10.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,104 | €50,380 | -€26,724 | -34.7% |
| Amounts payable after more than one year | 17 | €30,659 | €14,701 | -€15,958 | -52.1% |
| Financial debts | 170/4 | €30,659 | €14,701 | -€15,958 | -52.1% |
| Amounts payable within one year | 42/48 | €46,445 | €35,679 | -€10,766 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €17,854 | €15,958 | -€1,896 | -10.6% |
| Trade debts | 44 | €18,276 | €16,221 | -€2,055 | -11.2% |
| Suppliers | 440/4 | €18,276 | €16,221 | -€2,055 | -11.2% |
| Taxes, remuneration and social security | 45 | €10,315 | €3,500 | -€6,815 | -66.1% |
| Taxes | 450/3 | €7,492 | €660 | -€6,833 | -91.2% |
| Remuneration and social security | 454/9 | €2,822 | €2,840 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,532 | €19,475 | -€58 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,263 | €0 | +€2,263 | |
| Other operating charges | 640/8 | €449 | €1,887 | +€1,437 | +320% |
| Gross operating margin | 9900 | €21,437 | €39,945 | +€18,507 | +86.3% |
| Operating profit (loss) | 9901 | €3,718 | €18,584 | +€14,865 | +400% |
| Financial income | 75/76B | €6,678 | €8,731 | +€2,053 | +30.7% |
| Recurring financial income | 75 | €6,678 | €8,731 | +€2,053 | +30.7% |
| Financial charges | 65/66B | €3,406 | €3,963 | +€557 | +16.4% |
| Recurring financial charges | 65 | €3,406 | €3,963 | +€557 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €6,990 | €23,351 | +€16,361 | +234% |
| Income taxes | 67/77 | €2,613 | €7,591 | +€4,978 | +191% |
| Profit (loss) for the period | 9904 | €4,377 | €15,760 | +€11,383 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €4,377 | €15,760 | +€11,383 | +260% |
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 27 October 2026 via checked.be.