POUILLON PETER: 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.
POUILLON PETER
Largest movements
- Receivables within one year -€31,919
down €31,919 (-24.2%), from €131,664 to €99,745
of which Trade receivables: -€25,907
- Cash -€11,649
down €11,649 (-16.7%), from €69,892 to €58,242
mainly Trade debts (-€52,474) and Debts after one year (-€9,545)
- Tangible fixed assets -€9,362
down €9,362 (-22.4%), from €41,789 to €32,427
of which Furniture and vehicles: -€8,884
- Trade debts -€52,474
down €52,474 (-47.9%), from €109,585 to €57,111
- Reserves +€19,445
up €19,445 (+5.5%), from €352,367 to €371,812
of which Distributable reserves: +€19,445
- Debts after one year -€9,545
down €9,545 (-33.5%), from €28,469 to €18,925
- Other debts -€9,155
down €9,155 (-55.5%), from €16,500 to €7,345
- Provisions -€6,875
down €6,875 (-100%), from €6,875 to €0
- Staff costs +€19,901
new in 2025: €19,901
- Gross operating margin -€12,166
down €12,166 (-14.9%), from €81,418 to €69,252
- Taxes -€11,342
down €11,342 (-43.9%), from €25,844 to €14,502
- Depreciation +€4,319
up €4,319 (+85.6%), from €5,043 to €9,362
- Financial charges +€1,915
up €1,915 (+80.1%), from €2,389 to €4,304
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 | €539,019 | €483,577 | -€55,442 | -10.3% |
| Fixed assets | 21/28 | €307,269 | €297,907 | -€9,362 | -3.0% |
| Tangible fixed assets | 22/27 | €41,789 | €32,427 | -€9,362 | -22.4% |
| Plant, machinery and equipment | 23 | €3,363 | €2,885 | -€478 | -14.2% |
| Furniture and vehicles | 24 | €38,426 | €29,542 | -€8,884 | -23.1% |
| Financial fixed assets | 28 | €265,480 | €265,480 | = | 0.0% |
| Current assets | 29/58 | €231,750 | €185,670 | -€46,080 | -19.9% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,000 | = | 0.0% |
| Other amounts receivable | 291 | €26,000 | €26,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €131,664 | €99,745 | -€31,919 | -24.2% |
| Trade receivables | 40 | €76,943 | €51,036 | -€25,907 | -33.7% |
| Other amounts receivable | 41 | €54,721 | €48,709 | -€6,013 | -11.0% |
| Cash at bank and in hand | 54/58 | €69,892 | €58,242 | -€11,649 | -16.7% |
| Deferred charges and accrued income | 490/1 | €4,194 | €1,683 | -€2,511 | -59.9% |
| Total equity and liabilities | 10/49 | €539,019 | €483,577 | -€55,442 | -10.3% |
| Equity | 10/15 | €358,701 | €378,146 | +€19,445 | +5.4% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €352,367 | €371,812 | +€19,445 | +5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €352,367 | €371,812 | +€19,445 | +5.5% |
| Provisions and deferred taxes | 16 | €6,875 | €0 | -€6,875 | -100% |
| Provisions for liabilities and charges | 160/5 | €6,875 | €0 | -€6,875 | -100% |
| Environmental obligations | 163 | €6,875 | €0 | -€6,875 | -100% |
| Amounts payable | 17/49 | €173,443 | €105,432 | -€68,012 | -39.2% |
| Amounts payable after more than one year | 17 | €28,469 | €18,925 | -€9,545 | -33.5% |
| Financial debts | 170/4 | €28,469 | €18,925 | -€9,545 | -33.5% |
| Amounts payable within one year | 42/48 | €142,653 | €86,507 | -€56,146 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €8,721 | €9,545 | +€824 | +9.5% |
| Trade debts | 44 | €109,585 | €57,111 | -€52,474 | -47.9% |
| Suppliers | 440/4 | €109,585 | €57,111 | -€52,474 | -47.9% |
| Taxes, remuneration and social security | 45 | €7,848 | €12,506 | +€4,658 | +59.4% |
| Taxes | 450/3 | €7,848 | €10,008 | +€2,160 | +27.5% |
| Remuneration and social security | 454/9 | - | €2,498 | +€2,498 | |
| Other amounts payable | 47/48 | €16,500 | €7,345 | -€9,155 | -55.5% |
| Accrued charges and deferred income | 492/3 | €2,320 | €0 | -€2,320 | -100% |
| Remuneration, social security and pensions | 62 | - | €19,901 | +€19,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,043 | €9,362 | +€4,319 | +85.6% |
| Other operating charges | 640/8 | €3,341 | €2,152 | -€1,190 | -35.6% |
| Gross operating margin | 9900 | €81,418 | €69,252 | -€12,166 | -14.9% |
| Operating profit (loss) | 9901 | €73,034 | €37,837 | -€35,197 | -48.2% |
| Financial income | 75/76B | €334 | €414 | +€80 | +24.0% |
| Recurring financial income | 75 | €334 | €414 | +€80 | +24.0% |
| Financial charges | 65/66B | €2,389 | €4,304 | +€1,915 | +80.1% |
| Recurring financial charges | 65 | €2,389 | €4,304 | +€1,915 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €70,978 | €33,947 | -€37,031 | -52.2% |
| Income taxes | 67/77 | €25,844 | €14,502 | -€11,342 | -43.9% |
| Profit (loss) for the period | 9904 | €45,134 | €19,445 | -€25,689 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,134 | €19,445 | -€25,689 | -56.9% |
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 22 October 2026 via checked.be.