Potragar: 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.
Potragar
Largest movements
- Receivables within one year -€213,424
down €213,424 (-64.5%), from €331,068 to €117,643
of which Trade receivables: -€244,975
- Cash -€109,050
down €109,050 (-74.9%), from €145,649 to €36,599
mainly Trade debts (-€232,357) and Short-term financial debts (-€200,000)
- Receivables after one year -€67,747
down €67,747 (-47.3%), from €143,319 to €75,571
- Stocks and contracts -€14,000
down €14,000 (-100.0%), from €14,000 to €0
- Trade debts -€232,357
down €232,357 (-98.5%), from €235,864 to €3,507
- Short-term financial debts -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Profit (loss) carried forward +€25,212
up €25,212 (+2.8%), from -€884,787 to -€859,574
- Financial charges -€15,732
down €15,732 (-58.5%), from €26,870 to €11,138
- Staff costs -€8,472
down €8,472 (-6.1%), from €139,654 to €131,182
- Gross operating margin -€3,138
down €3,138 (-1.8%), from €178,449 to €175,311
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 | €772,777 | €362,745 | -€410,032 | -53.1% |
| Fixed assets | 21/28 | €138,741 | €131,950 | -€6,791 | -4.9% |
| Tangible fixed assets | 22/27 | €138,741 | €131,950 | -€6,791 | -4.9% |
| Land and buildings | 22 | €132,529 | €131,674 | -€855 | -0.6% |
| Furniture and vehicles | 24 | €6,212 | €276 | -€5,936 | -95.5% |
| Current assets | 29/58 | €634,036 | €230,795 | -€403,241 | -63.6% |
| Amounts receivable after more than one year | 29 | €143,319 | €75,571 | -€67,747 | -47.3% |
| Other amounts receivable | 291 | €143,319 | €75,571 | -€67,747 | -47.3% |
| Stocks and contracts in progress | 3 | €14,000 | €0 | -€14,000 | -100.0% |
| Stocks | 30/36 | €14,000 | €0 | -€14,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €331,068 | €117,643 | -€213,424 | -64.5% |
| Trade receivables | 40 | €247,975 | €3,000 | -€244,975 | -98.8% |
| Other amounts receivable | 41 | €83,093 | €114,643 | +€31,550 | +38.0% |
| Cash at bank and in hand | 54/58 | €145,649 | €36,599 | -€109,050 | -74.9% |
| Deferred charges and accrued income | 490/1 | €0 | €981 | +€981 | |
| Total equity and liabilities | 10/49 | €772,777 | €362,745 | -€410,032 | -53.1% |
| Equity | 10/15 | €112,389 | €137,601 | +€25,212 | +22.4% |
| Contributions | 10/11 | €687,184 | €687,184 | = | 0.0% |
| Revaluation surpluses | 12 | €67,779 | €67,779 | = | 0.0% |
| Reserves | 13 | €242,212 | €242,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,095 | €4,095 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,095 | €4,095 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,123 | €3,123 | = | 0.0% |
| Distributable reserves | 133 | €234,994 | €234,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€884,787 | -€859,574 | +€25,212 | +2.8% |
| Amounts payable | 17/49 | €660,388 | €225,144 | -€435,244 | -65.9% |
| Amounts payable within one year | 42/48 | €660,388 | €225,144 | -€435,244 | -65.9% |
| Financial debts | 43 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Credit institutions | 430/8 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Trade debts | 44 | €235,864 | €3,507 | -€232,357 | -98.5% |
| Suppliers | 440/4 | €235,864 | €3,507 | -€232,357 | -98.5% |
| Taxes, remuneration and social security | 45 | €24,524 | €21,637 | -€2,888 | -11.8% |
| Taxes | 450/3 | €3,062 | €5,299 | +€2,237 | +73.1% |
| Remuneration and social security | 454/9 | €21,462 | €16,337 | -€5,125 | -23.9% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €139,654 | €131,182 | -€8,472 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,847 | €6,791 | -€56 | -0.8% |
| Other operating charges | 640/8 | €8,507 | €8,303 | -€205 | -2.4% |
| Gross operating margin | 9900 | €178,449 | €175,311 | -€3,138 | -1.8% |
| Operating profit (loss) | 9901 | €23,441 | €29,035 | +€5,594 | +23.9% |
| Financial income | 75/76B | €7,073 | €7,629 | +€556 | +7.9% |
| Recurring financial income | 75 | €7,073 | €7,629 | +€556 | +7.9% |
| Financial charges | 65/66B | €26,870 | €11,138 | -€15,732 | -58.5% |
| Recurring financial charges | 65 | €26,870 | €11,138 | -€15,732 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €3,644 | €25,526 | +€21,882 | +600.5% |
| Income taxes | 67/77 | €329 | €314 | -€15 | -4.6% |
| Profit (loss) for the period | 9904 | €3,315 | €25,212 | +€21,897 | +660.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,315 | €25,212 | +€21,897 | +660.6% |
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 1 October 2026 via checked.be.