POSH: what changed
Two fiscal 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.
POSH
Largest movements
- Receivables within one year +€137,157
up €137,157 (+56.2%), from €243,971 to €381,128
of which Trade receivables: +€161,094
- Tangible fixed assets -€84,522
down €84,522 (-26.8%), from €315,256 to €230,734
of which Furniture and vehicles: -€78,871
- Current investments +€50,000
up €50,000 (+7.1%), from €700,000 to €750,000
- Cash +€19,831
up €19,831 (+31.5%), from €62,990 to €82,821
mainly Depreciation (+€92,431) and Net result for the year (+€70,996)
- Reserves +€70,996
up €70,996 (+5.9%), from €1.2m to €1.3m
of which Distributable reserves: +€69,871
- Trade debts +€26,169
up €26,169 (+52.6%), from €49,728 to €75,897
- Gross operating margin +€136,632
up €136,632 (+22.5%), from €607,347 to €743,979
- Staff costs +€65,443
up €65,443 (+13.2%), from €494,460 to €559,903
- Depreciation +€20,448
up €20,448 (+28.4%), from €71,983 to €92,431
- Financial income -€12,993
down €12,993 (-45.0%), from €28,876 to €15,883
- Taxes +€11,597
up €11,597 (+94.9%), from €12,223 to €23,820
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,391,964 | €1,500,378 | +€108,413 | +7.8% |
| Fixed assets | 21/28 | €316,606 | €232,084 | -€84,522 | -26.7% |
| Tangible fixed assets | 22/27 | €315,256 | €230,734 | -€84,522 | -26.8% |
| Plant, machinery and equipment | 23 | €5,651 | €0 | -€5,651 | -100.0% |
| Furniture and vehicles | 24 | €309,605 | €230,734 | -€78,871 | -25.5% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €1,075,359 | €1,268,294 | +€192,935 | +17.9% |
| Amounts receivable within one year | 40/41 | €243,971 | €381,128 | +€137,157 | +56.2% |
| Trade receivables | 40 | €204,089 | €365,183 | +€161,094 | +78.9% |
| Other amounts receivable | 41 | €39,882 | €15,945 | -€23,937 | -60.0% |
| Current investments | 50/53 | €700,000 | €750,000 | +€50,000 | +7.1% |
| Cash at bank and in hand | 54/58 | €62,990 | €82,821 | +€19,831 | +31.5% |
| Deferred charges and accrued income | 490/1 | €68,397 | €54,345 | -€14,052 | -20.5% |
| Total equity and liabilities | 10/49 | €1,391,964 | €1,500,378 | +€108,413 | +7.8% |
| Equity | 10/15 | €1,274,908 | €1,345,903 | +€70,996 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,212,908 | €1,283,903 | +€70,996 | +5.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,750 | €59,875 | +€1,125 | +1.9% |
| Distributable reserves | 133 | €1,147,958 | €1,217,828 | +€69,871 | +6.1% |
| Provisions and deferred taxes | 16 | €2,500 | €2,875 | +€375 | +15.0% |
| Deferred taxes | 168 | €2,500 | €2,875 | +€375 | +15.0% |
| Amounts payable | 17/49 | €114,557 | €151,600 | +€37,043 | +32.3% |
| Amounts payable within one year | 42/48 | €112,796 | €150,010 | +€37,214 | +33.0% |
| Trade debts | 44 | €49,728 | €75,897 | +€26,169 | +52.6% |
| Suppliers | 440/4 | €49,728 | €75,897 | +€26,169 | +52.6% |
| Taxes, remuneration and social security | 45 | €63,068 | €74,113 | +€11,045 | +17.5% |
| Taxes | 450/3 | €13,479 | €19,560 | +€6,081 | +45.1% |
| Remuneration and social security | 454/9 | €49,589 | €54,553 | +€4,964 | +10.0% |
| Accrued charges and deferred income | 492/3 | €1,761 | €1,590 | -€171 | -9.7% |
| Non-recurring operating income | 76A | €11,653 | €1,500 | -€10,153 | -87.1% |
| Remuneration, social security and pensions | 62 | €494,460 | €559,903 | +€65,443 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,983 | €92,431 | +€20,448 | +28.4% |
| Other operating charges | 640/8 | €9,488 | €10,564 | +€1,075 | +11.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €607,347 | €743,979 | +€136,632 | +22.5% |
| Operating profit (loss) | 9901 | €31,416 | €81,082 | +€49,666 | +158.1% |
| Financial income | 75/76B | €28,876 | €15,883 | -€12,993 | -45.0% |
| Recurring financial income | 75 | €28,876 | €15,883 | -€12,993 | -45.0% |
| Financial charges | 65/66B | €2,024 | €1,774 | -€250 | -12.3% |
| Recurring financial charges | 65 | €2,024 | €1,774 | -€250 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €58,269 | €95,191 | +€36,922 | +63.4% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €2,500 | €375 | -€2,125 | -85.0% |
| Income taxes | 67/77 | €12,223 | €23,820 | +€11,597 | +94.9% |
| Profit (loss) for the period | 9904 | €43,545 | €70,996 | +€27,450 | +63.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €7,500 | €1,125 | -€6,375 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,045 | €69,871 | +€33,825 | +93.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.