POSITRON: 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.
POSITRON
Largest movements
- Current investments +€627,000
up €627,000 (+131%), from €477,909 to €1.1m
- Cash -€137,813
down €137,813 (-59.8%), from €230,407 to €92,594
mainly Current investments (-€627,000) and Investment in fixed assets (net) (-€39,156)
- Reserves +€464,238
up €464,238 (+28.8%), from €1.6m to €2.1m
- Other debts +€25,308
up €25,308 (+87.1%), from €29,042 to €54,350
- Gross operating margin +€360,473
up €360,473 (+99.8%), from €361,241 to €721,714
- Taxes +€114,461
up €114,461 (+110%), from €104,363 to €218,824
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 | €1,664,754 | €2,145,057 | +€480,303 | +28.9% |
| Fixed assets | 21/28 | €545,737 | €550,098 | +€4,361 | +0.8% |
| Tangible fixed assets | 22/27 | €545,737 | €550,098 | +€4,361 | +0.8% |
| Land and buildings | 22 | €501,054 | €490,551 | -€10,503 | -2.1% |
| Furniture and vehicles | 24 | €1,627 | €33,853 | +€32,226 | +1,981% |
| Leasing and similar rights | 25 | €24,996 | €16,664 | -€8,332 | -33.3% |
| Other tangible fixed assets | 26 | €18,061 | €9,030 | -€9,030 | -50.0% |
| Current assets | 29/58 | €1,119,016 | €1,594,958 | +€475,942 | +42.5% |
| Amounts receivable within one year | 40/41 | €406,925 | €394,505 | -€12,420 | -3.1% |
| Trade receivables | 40 | €406,925 | €312,181 | -€94,744 | -23.3% |
| Other amounts receivable | 41 | - | €82,323 | +€82,323 | |
| Current investments | 50/53 | €477,909 | €1,104,909 | +€627,000 | +131% |
| Cash at bank and in hand | 54/58 | €230,407 | €92,594 | -€137,813 | -59.8% |
| Deferred charges and accrued income | 490/1 | €3,776 | €2,951 | -€825 | -21.9% |
| Total equity and liabilities | 10/49 | €1,664,754 | €2,145,057 | +€480,303 | +28.9% |
| Equity | 10/15 | €1,623,008 | €2,087,246 | +€464,238 | +28.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,610,608 | €2,074,846 | +€464,238 | +28.8% |
| Distributable reserves | 133 | €1,610,608 | €2,074,846 | +€464,238 | +28.8% |
| Amounts payable | 17/49 | €41,746 | €57,811 | +€16,065 | +38.5% |
| Amounts payable within one year | 42/48 | €41,746 | €57,811 | +€16,065 | +38.5% |
| Trade debts | 44 | €4,934 | €2,638 | -€2,296 | -46.5% |
| Suppliers | 440/4 | €4,934 | €2,638 | -€2,296 | -46.5% |
| Taxes, remuneration and social security | 45 | €7,770 | €823 | -€6,947 | -89.4% |
| Taxes | 450/3 | €7,770 | €823 | -€6,947 | -89.4% |
| Other amounts payable | 47/48 | €29,042 | €54,350 | +€25,308 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,015 | €34,795 | -€220 | -0.6% |
| Other operating charges | 640/8 | €4,236 | €4,630 | +€394 | +9.3% |
| Gross operating margin | 9900 | €361,241 | €721,714 | +€360,473 | +99.8% |
| Operating profit (loss) | 9901 | €321,990 | €682,290 | +€360,300 | +112% |
| Financial income | 75/76B | €628 | €1,020 | +€393 | +62.6% |
| Recurring financial income | 75 | €628 | €1,020 | +€393 | +62.6% |
| Financial charges | 65/66B | €331 | €249 | -€82 | -24.8% |
| Recurring financial charges | 65 | €331 | €249 | -€82 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €322,287 | €683,061 | +€360,775 | +112% |
| Income taxes | 67/77 | €104,363 | €218,824 | +€114,461 | +110% |
| Profit (loss) for the period | 9904 | €217,924 | €464,238 | +€246,314 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €217,924 | €464,238 | +€246,314 | +113% |
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 15 October 2026 via checked.be.