POULAIN: 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.
POULAIN
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€197,850
up €197,850 (+1588.6%), from €12,454 to €210,304
mainly Other debts (+€267,855) and Current investments (+€200,000)
- Tangible fixed assets -€41,012
down €41,012 (-7.8%), from €522,540 to €481,528
- Contributions -€353,965
down €353,965 (-85.1%), from €415,965 to €62,000
- Other debts +€267,855
up €267,855 (+388.9%), from €68,881 to €336,736
- Reserves +€37,809
up €37,809 (+16.0%), from €235,928 to €273,737
of which Non-distributable reserves: +€37,809
- Other operating charges -€5,645
down €5,645 (-59.1%), from €9,545 to €3,900
- Taxes +€5,139
up €5,139 (+36.1%), from €14,220 to €19,359
- Gross operating margin -€4,911
down €4,911 (-4.7%), from €103,828 to €98,917
- Financial income +€3,238
new in 2025: €3,238
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 | €734,994 | €691,832 | -€43,162 | -5.9% |
| Fixed assets | 21/28 | €522,540 | €481,528 | -€41,012 | -7.8% |
| Tangible fixed assets | 22/27 | €522,540 | €481,528 | -€41,012 | -7.8% |
| Land and buildings | 22 | €522,540 | €481,528 | -€41,012 | -7.8% |
| Current assets | 29/58 | €212,454 | €210,304 | -€2,150 | -1.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €12,454 | €210,304 | +€197,850 | +1588.6% |
| Total equity and liabilities | 10/49 | €734,994 | €691,832 | -€43,162 | -5.9% |
| Equity | 10/15 | €651,893 | €335,737 | -€316,156 | -48.5% |
| Contributions | 10/11 | €415,965 | €62,000 | -€353,965 | -85.1% |
| Capital | 10 | €415,965 | €62,000 | -€353,965 | -85.1% |
| Issued capital | 100 | €415,965 | €62,000 | -€353,965 | -85.1% |
| Reserves | 13 | €235,928 | €273,737 | +€37,809 | +16.0% |
| Non-distributable reserves | 130/1 | €15,723 | €53,532 | +€37,809 | +240.5% |
| Legal reserve | 130 | €15,723 | €15,723 | = | 0.0% |
| Other | 1319 | - | €37,809 | +€37,809 | |
| Distributable reserves | 133 | €220,205 | €220,205 | = | 0.0% |
| Amounts payable | 17/49 | €83,101 | €356,095 | +€272,994 | +328.5% |
| Amounts payable within one year | 42/48 | €83,101 | €356,095 | +€272,994 | +328.5% |
| Taxes, remuneration and social security | 45 | €14,220 | €19,359 | +€5,139 | +36.1% |
| Taxes | 450/3 | €14,220 | €19,359 | +€5,139 | +36.1% |
| Other amounts payable | 47/48 | €68,881 | €336,736 | +€267,855 | +388.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,278 | €41,012 | -€266 | -0.6% |
| Other operating charges | 640/8 | €9,545 | €3,900 | -€5,645 | -59.1% |
| Gross operating margin | 9900 | €103,828 | €98,917 | -€4,911 | -4.7% |
| Operating profit (loss) | 9901 | €53,005 | €54,005 | +€1,000 | +1.9% |
| Financial income | 75/76B | - | €3,238 | +€3,238 | |
| Recurring financial income | 75 | - | €3,238 | +€3,238 | |
| Financial charges | 65/66B | €73 | €75 | +€2 | +2.7% |
| Recurring financial charges | 65 | €73 | €75 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €52,932 | €57,168 | +€4,236 | +8.0% |
| Income taxes | 67/77 | €14,220 | €19,359 | +€5,139 | +36.1% |
| Profit (loss) for the period | 9904 | €38,712 | €37,809 | -€903 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,712 | €37,809 | -€903 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.