POSETRON: 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.
POSETRON
Largest movements
- Stocks and contracts -€2.0m
down €2.0m (-51.5%), from €3.8m to €1.8m
of which Contracts in progress: -€2.1m
- Receivables within one year -€507,846
down €507,846 (-23.8%), from €2.1m to €1.6m
of which Trade receivables: -€476,424
- Cash +€157,470
up €157,470 (+156.6%), from €100,558 to €258,028
mainly Stocks and contracts (+€2.0m) and Receivables within one year (+€507,846)
- Deferred charges and accrued income +€93,989
up €93,989 (+1096.1%), from €8,575 to €102,563
- Tangible fixed assets +€81,005
up €81,005 (+101.1%), from €80,102 to €161,106
- Advances received -€1.7m
down €1.7m (-58.6%), from €3.0m to €1.2m
- Trade debts -€779,829
down €779,829 (-28.6%), from €2.7m to €1.9m
- Profit (loss) carried forward +€227,496
up €227,496 (+95.5%), from €238,299 to €465,795
- Debts after one year +€111,774
up €111,774 (+40.6%), from €275,202 to €386,975
of which Financial debts: +€111,774
- Gross operating margin +€458,576
up €458,576 (+102.8%), from €446,161 to €904,737
- Staff costs +€286,055
up €286,055 (+272.5%), from €104,978 to €391,033
- Write-downs +€106,166
new in 2024: €106,166
- Other operating charges -€30,530
down €30,530 (-75.4%), from €40,488 to €9,958
- Taxes +€22,915
up €22,915 (+45.3%), from €50,539 to €73,454
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,388,971 | €4,229,377 | -€2.2m | -33.8% |
| Fixed assets | 21/28 | €344,133 | €401,577 | +€57,444 | +16.7% |
| Intangible fixed assets | 21 | €262,131 | €231,358 | -€30,774 | -11.7% |
| Tangible fixed assets | 22/27 | €80,102 | €161,106 | +€81,005 | +101.1% |
| Plant, machinery and equipment | 23 | €6,813 | €46,043 | +€39,230 | +575.8% |
| Furniture and vehicles | 24 | €71,321 | €109,650 | +€38,329 | +53.7% |
| Leasing and similar rights | 25 | - | €4,093 | +€4,093 | |
| Other tangible fixed assets | 26 | €1,967 | €1,321 | -€647 | -32.9% |
| Financial fixed assets | 28 | €1,900 | €9,113 | +€7,213 | +379.6% |
| Current assets | 29/58 | €6,044,838 | €3,827,800 | -€2.2m | -36.7% |
| Stocks and contracts in progress | 3 | €3,803,470 | €1,842,820 | -€2.0m | -51.5% |
| Stocks | 30/36 | €122,414 | €226,744 | +€104,330 | +85.2% |
| Contracts in progress | 37 | €3,681,056 | €1,616,076 | -€2.1m | -56.1% |
| Amounts receivable within one year | 40/41 | €2,132,235 | €1,624,389 | -€507,846 | -23.8% |
| Trade receivables | 40 | €2,006,392 | €1,529,968 | -€476,424 | -23.7% |
| Other amounts receivable | 41 | €125,843 | €94,421 | -€31,422 | -25.0% |
| Cash at bank and in hand | 54/58 | €100,558 | €258,028 | +€157,470 | +156.6% |
| Deferred charges and accrued income | 490/1 | €8,575 | €102,563 | +€93,989 | +1096.1% |
| Total equity and liabilities | 10/49 | €6,388,971 | €4,229,377 | -€2.2m | -33.8% |
| Equity | 10/15 | €317,199 | €544,695 | +€227,496 | +71.7% |
| Contributions | 10/11 | €78,900 | €78,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,299 | €465,795 | +€227,496 | +95.5% |
| Amounts payable | 17/49 | €6,071,772 | €3,684,682 | -€2.4m | -39.3% |
| Amounts payable after more than one year | 17 | €275,202 | €386,975 | +€111,774 | +40.6% |
| Financial debts | 170/4 | €95,202 | €206,975 | +€111,774 | +117.4% |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,792,962 | €3,294,082 | -€2.5m | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €24,080 | €52,363 | +€28,283 | +117.5% |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Other loans | 439 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €2,728,161 | €1,948,332 | -€779,829 | -28.6% |
| Suppliers | 440/4 | €2,728,161 | €1,948,332 | -€779,829 | -28.6% |
| Advances received on contracts in progress | 46 | €2,982,341 | €1,235,181 | -€1.7m | -58.6% |
| Taxes, remuneration and social security | 45 | €28,381 | €58,206 | +€29,825 | +105.1% |
| Taxes | 450/3 | €16,080 | €13,250 | -€2,830 | -17.6% |
| Remuneration and social security | 454/9 | €12,301 | €44,956 | +€32,655 | +265.5% |
| Accrued charges and deferred income | 492/3 | €3,609 | €3,625 | +€16 | +0.4% |
| Remuneration, social security and pensions | 62 | €104,978 | €391,033 | +€286,055 | +272.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,199 | €57,071 | +€5,872 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €106,166 | +€106,166 | |
| Other operating charges | 640/8 | €40,488 | €9,958 | -€30,530 | -75.4% |
| Non-recurring operating charges | 66A | €4,932 | €4,765 | -€167 | -3.4% |
| Gross operating margin | 9900 | €446,161 | €904,737 | +€458,576 | +102.8% |
| Operating profit (loss) | 9901 | €244,563 | €335,744 | +€91,181 | +37.3% |
| Financial income | 75/76B | €66 | €119 | +€52 | +79.1% |
| Recurring financial income | 75 | €66 | €119 | +€52 | +79.1% |
| Financial charges | 65/66B | €20,593 | €34,912 | +€14,320 | +69.5% |
| Recurring financial charges | 65 | €20,593 | €34,912 | +€14,320 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €224,037 | €300,950 | +€76,914 | +34.3% |
| Income taxes | 67/77 | €50,539 | €73,454 | +€22,915 | +45.3% |
| Profit (loss) for the period | 9904 | €173,497 | €227,496 | +€53,999 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €173,497 | €227,496 | +€53,999 | +31.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.