Pouls Stijn: 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.
Pouls Stijn
Largest movements
- Receivables within one year +€9,795
up €9,795 (+112%), from €8,763 to €18,558
of which Trade receivables: +€14,104
- Cash -€6,201
down €6,201 (-24.2%), from €25,605 to €19,404
mainly Contributions, distributions and other (-€20,509) and Receivables within one year (-€9,795)
- Tangible fixed assets -€2,431
down €2,431 (-5.3%), from €45,682 to €43,250
of which Furniture and vehicles: -€5,147
- Debts after one year -€7,339
down €7,339 (-33.9%), from €21,642 to €14,303
- Trade debts +€5,919
up €5,919 (+1,554%), from €381 to €6,300
- Other debts +€5,091
up €5,091 (+184%), from €2,761 to €7,852
- Tax, wage and social debts -€2,728
down €2,728 (-31.7%), from €8,611 to €5,883
- Gross operating margin +€5,080
up €5,080 (+14.9%), from €34,047 to €39,127
- Taxes -€1,541
down €1,541 (-20.4%), from €7,557 to €6,016
- Depreciation +€1,460
up €1,460 (+15.5%), from €9,432 to €10,892
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 | €97,160 | €98,201 | +€1,041 | +1.1% |
| Fixed assets | 21/28 | €45,682 | €43,250 | -€2,431 | -5.3% |
| Tangible fixed assets | 22/27 | €45,682 | €43,250 | -€2,431 | -5.3% |
| Furniture and vehicles | 24 | €31,069 | €25,922 | -€5,147 | -16.6% |
| Other tangible fixed assets | 26 | €14,613 | €17,328 | +€2,715 | +18.6% |
| Current assets | 29/58 | €51,478 | €54,950 | +€3,472 | +6.7% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,763 | €18,558 | +€9,795 | +112% |
| Trade receivables | 40 | €537 | €14,641 | +€14,104 | +2,626% |
| Other amounts receivable | 41 | €8,226 | €3,917 | -€4,309 | -52.4% |
| Cash at bank and in hand | 54/58 | €25,605 | €19,404 | -€6,201 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,110 | €988 | -€122 | -11.0% |
| Total equity and liabilities | 10/49 | €97,160 | €98,201 | +€1,041 | +1.1% |
| Equity | 10/15 | €53,736 | €53,524 | -€211 | -0.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,236 | €51,024 | -€211 | -0.4% |
| Distributable reserves | 133 | €51,236 | €51,024 | -€211 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,424 | €44,677 | +€1,253 | +2.9% |
| Amounts payable after more than one year | 17 | €21,642 | €14,303 | -€7,339 | -33.9% |
| Financial debts | 170/4 | €21,642 | €14,303 | -€7,339 | -33.9% |
| Amounts payable within one year | 42/48 | €21,782 | €30,374 | +€8,592 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €7,030 | €7,339 | +€309 | +4.4% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Other loans | 439 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €381 | €6,300 | +€5,919 | +1,554% |
| Suppliers | 440/4 | €381 | €6,300 | +€5,919 | +1,554% |
| Taxes, remuneration and social security | 45 | €8,611 | €5,883 | -€2,728 | -31.7% |
| Taxes | 450/3 | €8,611 | €5,883 | -€2,728 | -31.7% |
| Other amounts payable | 47/48 | €2,761 | €7,852 | +€5,091 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,432 | €10,892 | +€1,460 | +15.5% |
| Other operating charges | 640/8 | €787 | €866 | +€79 | +10.1% |
| Gross operating margin | 9900 | €34,047 | €39,127 | +€5,080 | +14.9% |
| Operating profit (loss) | 9901 | €23,828 | €27,369 | +€3,541 | +14.9% |
| Financial income | 75/76B | €230 | €230 | = | 0.0% |
| Recurring financial income | 75 | €230 | €230 | = | 0.0% |
| Financial charges | 65/66B | €1,543 | €1,286 | -€257 | -16.7% |
| Recurring financial charges | 65 | €1,543 | €1,286 | -€257 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €22,516 | €26,314 | +€3,798 | +16.9% |
| Income taxes | 67/77 | €7,557 | €6,016 | -€1,541 | -20.4% |
| Profit (loss) for the period | 9904 | €14,958 | €20,298 | +€5,340 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,958 | €20,298 | +€5,340 | +35.7% |
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 26 October 2026 via checked.be.