Posidonia: 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
Posidonia
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23,054
2024 · -€13,284-€9,770
Equity
€3.1m
2024 · €3.1m-€23,054
Cash
€9,472
2024 · €6,045+€3,427
Balance sheet total
€3.9m
2024 · €4.0m-€125,753
Largest movements
Assets
- Tangible fixed assets -€125,421
down €125,421 (-3.2%), from €4.0m to €3.9m
of which Land and buildings: -€125,056
Equity and liabilities
- Short-term financial debts -€83,000
down €83,000 (-38.4%), from €216,000 to €133,000
Income statement
- Depreciation +€11,078
up €11,078 (+9.1%), from €121,145 to €132,223
- Gross operating margin -€8,670
down €8,670 (-6.7%), from €128,998 to €120,327
- Taxes -€5,435
down €5,435 (-28.1%), from €19,344 to €13,909
- Financial charges -€2,155
down €2,155 (-28.5%), from €7,559 to €5,404
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
-€13,284
Gross operating margin
-€8,670
Depreciation
-€11,078
Other operating charges
-€649
Financial income
+€807
Financial charges
+€2,155
Taxes
+€5,435
Deferred taxes and other
+€2,231
Result 2025
-€23,054
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€92,707
Investment
-€6,279
Financing
-€83,000
Cash 2024
€6,045
From operations (derived)
+€92,707
Net result for the year
-€23,054
Depreciation
+€132,223
Receivables within one year
+€1,451
Deferred charges and accrued income
+€1,785
Provisions
-€26,003
Trade debts
-€5,410
Tax, wage and social debts
+€2,563
Advances received
+€5,443
Other debts
+€3,708
Investment (derived)
-€6,279
Investment in fixed assets (net)
-€6,279
Financing
-€83,000
Short-term financial debts
-€83,000
Cash 2025
€9,472
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,997,454 | €3,871,701 | -€125,753 | -3.1% |
| Fixed assets | 21/28 | €3,977,558 | €3,851,614 | -€125,944 | -3.2% |
| Tangible fixed assets | 22/27 | €3,977,035 | €3,851,614 | -€125,421 | -3.2% |
| Land and buildings | 22 | €3,973,537 | €3,848,481 | -€125,056 | -3.1% |
| Plant, machinery and equipment | 23 | €3,498 | €3,133 | -€365 | -10.4% |
| Financial fixed assets | 28 | €523 | - | -€523 | |
| Current assets | 29/58 | €19,896 | €20,087 | +€191 | +1.0% |
| Amounts receivable within one year | 40/41 | €12,066 | €10,614 | -€1,451 | -12.0% |
| Trade receivables | 40 | - | €1,060 | +€1,060 | |
| Other amounts receivable | 41 | €12,066 | €9,554 | -€2,511 | -20.8% |
| Cash at bank and in hand | 54/58 | €6,045 | €9,472 | +€3,427 | +56.7% |
| Deferred charges and accrued income | 490/1 | €1,785 | - | -€1,785 | |
| Total equity and liabilities | 10/49 | €3,997,454 | €3,871,701 | -€125,753 | -3.1% |
| Equity | 10/15 | €3,075,740 | €3,052,686 | -€23,054 | -0.7% |
| Contributions | 10/11 | €541,600 | €541,600 | = | 0.0% |
| Capital | 10 | €541,600 | €541,600 | = | 0.0% |
| Issued capital | 100 | €541,600 | €541,600 | = | 0.0% |
| Reserves | 13 | €2,534,140 | €2,511,086 | -€23,054 | -0.9% |
| Non-distributable reserves | 130/1 | €53,100 | €54,160 | +€1,060 | +2.0% |
| Legal reserve | 130 | €53,100 | €54,160 | +€1,060 | +2.0% |
| Tax-exempt reserves | 132 | €1,589,181 | €1,511,172 | -€78,009 | -4.9% |
| Distributable reserves | 133 | €891,860 | €945,755 | +€53,895 | +6.0% |
| Provisions and deferred taxes | 16 | €655,272 | €629,269 | -€26,003 | -4.0% |
| Deferred taxes | 168 | €655,272 | €629,269 | -€26,003 | -4.0% |
| Amounts payable | 17/49 | €266,442 | €189,745 | -€76,696 | -28.8% |
| Amounts payable within one year | 42/48 | €266,442 | €189,745 | -€76,696 | -28.8% |
| Financial debts | 43 | €216,000 | €133,000 | -€83,000 | -38.4% |
| Credit institutions | 430/8 | €216,000 | €133,000 | -€83,000 | -38.4% |
| Trade debts | 44 | €6,765 | €1,355 | -€5,410 | -80.0% |
| Suppliers | 440/4 | €6,765 | €1,355 | -€5,410 | -80.0% |
| Advances received on contracts in progress | 46 | €2,975 | €8,417 | +€5,443 | +183% |
| Taxes, remuneration and social security | 45 | €900 | €3,463 | +€2,563 | +285% |
| Taxes | 450/3 | €900 | €3,463 | +€2,563 | +285% |
| Other amounts payable | 47/48 | €39,802 | €43,510 | +€3,708 | +9.3% |
| Non-recurring operating income | 76A | €6,842 | - | -€6,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,145 | €132,223 | +€11,078 | +9.1% |
| Other operating charges | 640/8 | €18,004 | €18,654 | +€649 | +3.6% |
| Gross operating margin | 9900 | €128,998 | €120,327 | -€8,670 | -6.7% |
| Operating profit (loss) | 9901 | -€10,152 | -€30,550 | -€20,398 | -201% |
| Financial income | 75/76B | - | €807 | +€807 | |
| Recurring financial income | 75 | - | €807 | +€807 | |
| Financial charges | 65/66B | €7,559 | €5,404 | -€2,155 | -28.5% |
| Recurring financial charges | 65 | €7,559 | €5,404 | -€2,155 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,711 | -€35,148 | -€17,436 | -98.4% |
| Transfer from deferred taxes | 780 | €23,772 | €26,003 | +€2,231 | +9.4% |
| Income taxes | 67/77 | €19,344 | €13,909 | -€5,435 | -28.1% |
| Profit (loss) for the period | 9904 | -€13,284 | -€23,054 | -€9,770 | -73.6% |
| Transfer from tax-exempt reserves | 789 | €71,316 | €78,009 | +€6,693 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,032 | €54,955 | -€3,077 | -5.3% |
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 28 October 2026 via checked.be.