POULCO: 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.
POULCO
Largest movements
- Receivables within one year +€443,029
up €443,029 (+813%), from €54,514 to €497,542
of which Other amounts receivable: +€465,725
- Tangible fixed assets +€25,594
up €25,594 (+1.6%), from €1.6m to €1.7m
of which Furniture and vehicles: +€32,890
- Debts after one year +€393,239
up €393,239 (+35.0%), from €1.1m to €1.5m
- Current portion of long-term debt +€39,509
up €39,509 (+42.3%), from €93,472 to €132,981
- Trade debts +€24,315
up €24,315 (+220%), from €11,063 to €35,378
- Depreciation +€36,851
up €36,851 (+26.7%), from €138,247 to €175,098
- Staff costs +€31,308
up €31,308 (+308%), from €10,173 to €41,481
- Gross operating margin +€21,034
up €21,034 (+9.0%), from €233,639 to €254,672
- Financial charges +€4,770
up €4,770 (+14.5%), from €32,857 to €37,627
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 | €1,695,354 | €2,166,076 | +€470,722 | +27.8% |
| Fixed assets | 21/28 | €1,640,840 | €1,666,434 | +€25,594 | +1.6% |
| Tangible fixed assets | 22/27 | €1,640,840 | €1,666,434 | +€25,594 | +1.6% |
| Land and buildings | 22 | €1,239,818 | €1,260,803 | +€20,985 | +1.7% |
| Plant, machinery and equipment | 23 | €352,162 | €326,521 | -€25,642 | -7.3% |
| Furniture and vehicles | 24 | €46,219 | €79,110 | +€32,890 | +71.2% |
| Other tangible fixed assets | 26 | €2,640 | €0 | -€2,640 | -100% |
| Current assets | 29/58 | €54,514 | €499,642 | +€445,129 | +817% |
| Stocks and contracts in progress | 3 | - | €2,100 | +€2,100 | |
| Stocks | 30/36 | - | €2,100 | +€2,100 | |
| Amounts receivable within one year | 40/41 | €54,514 | €497,542 | +€443,029 | +813% |
| Trade receivables | 40 | €53,413 | €30,717 | -€22,696 | -42.5% |
| Other amounts receivable | 41 | €1,100 | €466,825 | +€465,725 | +42,324% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,695,354 | €2,166,076 | +€470,722 | +27.8% |
| Equity | 10/15 | €183,612 | €181,121 | -€2,492 | -1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,612 | €176,121 | -€2,492 | -1.4% |
| Amounts payable | 17/49 | €1,511,741 | €1,984,955 | +€473,214 | +31.3% |
| Amounts payable after more than one year | 17 | €1,122,798 | €1,516,037 | +€393,239 | +35.0% |
| Financial debts | 170/4 | €1,122,798 | €1,516,037 | +€393,239 | +35.0% |
| Amounts payable within one year | 42/48 | €388,943 | €464,956 | +€76,013 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €93,472 | €132,981 | +€39,509 | +42.3% |
| Financial debts | 43 | - | €2,387 | +€2,387 | |
| Credit institutions | 430/8 | - | €2,387 | +€2,387 | |
| Trade debts | 44 | €11,063 | €35,378 | +€24,315 | +220% |
| Suppliers | 440/4 | €11,063 | €35,378 | +€24,315 | +220% |
| Taxes, remuneration and social security | 45 | €18,300 | €18,001 | -€299 | -1.6% |
| Taxes | 450/3 | €15,189 | €11,894 | -€3,294 | -21.7% |
| Remuneration and social security | 454/9 | €3,111 | €6,106 | +€2,995 | +96.3% |
| Other amounts payable | 47/48 | €266,109 | €276,210 | +€10,101 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €3,962 | +€3,962 | |
| Remuneration, social security and pensions | 62 | €10,173 | €41,481 | +€31,308 | +308% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,247 | €175,098 | +€36,851 | +26.7% |
| Other operating charges | 640/8 | €1,765 | €3,247 | +€1,481 | +83.9% |
| Gross operating margin | 9900 | €233,639 | €254,672 | +€21,034 | +9.0% |
| Operating profit (loss) | 9901 | €83,454 | €34,847 | -€48,606 | -58.2% |
| Financial income | 75/76B | €277 | €288 | +€11 | +3.9% |
| Recurring financial income | 75 | €277 | €288 | +€11 | +3.9% |
| Financial charges | 65/66B | €32,857 | €37,627 | +€4,770 | +14.5% |
| Recurring financial charges | 65 | €32,857 | €37,627 | +€4,770 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €50,874 | -€2,492 | -€53,365 | |
| Profit (loss) for the period | 9904 | €50,874 | -€2,492 | -€53,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,874 | -€2,492 | -€53,365 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.