POTEL: 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.
POTEL
Largest movements
- Receivables within one year +€38,200
up €38,200 (+177.9%), from €21,477 to €59,677
of which Trade receivables: +€20,217
- Cash -€20,869
down €20,869 (-32.5%), from €64,311 to €43,442
mainly Receivables within one year (-€38,200) and Investment in fixed assets (net) (-€27,210)
- Tangible fixed assets +€15,746
up €15,746 (+54.6%), from €28,836 to €44,581
of which Furniture and vehicles: +€22,250
- Intangible fixed assets -€8,000
down €8,000 (-20.0%), from €40,000 to €32,000
- Stocks and contracts -€6,003
down €6,003 (-54.8%), from €10,957 to €4,954
- Current portion of long-term debt +€7,801
up €7,801 (+69.5%), from €11,218 to €19,019
- Tax, wage and social debts +€3,855
up €3,855 (+77.8%), from €4,956 to €8,811
of which Remuneration and social security: +€4,301
- Trade debts +€2,578
up €2,578 (+240.7%), from €1,071 to €3,649
- Gross operating margin -€83,333
down €83,333 (-46.6%), from €178,907 to €95,574
- Staff costs -€19,385
down €19,385 (-23.2%), from €83,618 to €64,233
- Taxes -€11,597
down €11,597 (-83.1%), from €13,949 to €2,352
- Depreciation -€4,583
down €4,583 (-17.7%), from €25,869 to €21,287
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 | €175,311 | €190,542 | +€15,231 | +8.7% |
| Fixed assets | 21/28 | €72,730 | €78,654 | +€5,923 | +8.1% |
| Intangible fixed assets | 21 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Tangible fixed assets | 22/27 | €28,836 | €44,581 | +€15,746 | +54.6% |
| Plant, machinery and equipment | 23 | €25,827 | €21,592 | -€4,234 | -16.4% |
| Furniture and vehicles | 24 | €190 | €22,440 | +€22,250 | +11713.8% |
| Leasing and similar rights | 25 | €2,819 | €549 | -€2,270 | -80.5% |
| Financial fixed assets | 28 | €3,895 | €2,072 | -€1,822 | -46.8% |
| Current assets | 29/58 | €102,581 | €111,888 | +€9,307 | +9.1% |
| Stocks and contracts in progress | 3 | €10,957 | €4,954 | -€6,003 | -54.8% |
| Stocks | 30/36 | €10,957 | €4,954 | -€6,003 | -54.8% |
| Amounts receivable within one year | 40/41 | €21,477 | €59,677 | +€38,200 | +177.9% |
| Trade receivables | 40 | €11,997 | €32,214 | +€20,217 | +168.5% |
| Other amounts receivable | 41 | €9,480 | €27,463 | +€17,983 | +189.7% |
| Cash at bank and in hand | 54/58 | €64,311 | €43,442 | -€20,869 | -32.5% |
| Deferred charges and accrued income | 490/1 | €5,835 | €3,815 | -€2,020 | -34.6% |
| Total equity and liabilities | 10/49 | €175,311 | €190,542 | +€15,231 | +8.7% |
| Equity | 10/15 | €128,298 | €128,022 | -€276 | -0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,298 | €118,022 | -€276 | -0.2% |
| Amounts payable | 17/49 | €47,013 | €62,520 | +€15,507 | +33.0% |
| Amounts payable after more than one year | 17 | €15,492 | €17,052 | +€1,560 | +10.1% |
| Financial debts | 170/4 | €15,492 | €17,052 | +€1,560 | +10.1% |
| Amounts payable within one year | 42/48 | €31,521 | €45,468 | +€13,947 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €11,218 | €19,019 | +€7,801 | +69.5% |
| Trade debts | 44 | €1,071 | €3,649 | +€2,578 | +240.7% |
| Suppliers | 440/4 | €1,071 | €3,649 | +€2,578 | +240.7% |
| Taxes, remuneration and social security | 45 | €4,956 | €8,811 | +€3,855 | +77.8% |
| Taxes | 450/3 | €4,956 | €4,510 | -€445 | -9.0% |
| Remuneration and social security | 454/9 | €0 | €4,301 | +€4,301 | |
| Other amounts payable | 47/48 | €14,276 | €13,988 | -€288 | -2.0% |
| Remuneration, social security and pensions | 62 | €83,618 | €64,233 | -€19,385 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,869 | €21,287 | -€4,583 | -17.7% |
| Other operating charges | 640/8 | €960 | €906 | -€55 | -5.7% |
| Gross operating margin | 9900 | €178,907 | €95,574 | -€83,333 | -46.6% |
| Operating profit (loss) | 9901 | €68,459 | €9,149 | -€59,310 | -86.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €946 | €1,191 | +€245 | +25.9% |
| Recurring financial charges | 65 | €946 | €1,191 | +€245 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €67,513 | €7,958 | -€59,555 | -88.2% |
| Income taxes | 67/77 | €13,949 | €2,352 | -€11,597 | -83.1% |
| Profit (loss) for the period | 9904 | €53,564 | €5,606 | -€47,958 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,564 | €5,606 | -€47,958 | -89.5% |
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 4 October 2026 via checked.be.