POULUS: 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.
What changed
POULUS
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€45,498
2024 · €243,301-€288,800
Equity
€2.0m
2024 · €2.1m-€45,498
Cash
€7,260
2024 · €36,182-€28,923
Balance sheet total
€2.1m
2024 · €2.2m-€61,678
Largest movements
Assets
- Receivables within one year -€30,178
down €30,178 (-11.3%), from €266,808 to €236,630
- Cash -€28,923
down €28,923 (-79.9%), from €36,182 to €7,260
mainly Investment in fixed assets (net) (-€51,536) and Net result for the year (-€45,498)
Equity and liabilities
- Profit (loss) carried forward -€39,057
down €39,057 (-9.4%), from -€415,673 to -€454,730
Income statement
- Gross operating margin -€284,190
down €284,190 (-93.2%), from €304,855 to €20,665
- Depreciation +€3,414
up €3,414 (+6.1%), from €56,418 to €59,832
- Financial charges -€3,382
down €3,382 (-65.2%), from €5,187 to €1,805
- Other operating charges +€3,308
up €3,308 (+26.2%), from €12,634 to €15,942
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.
Result 2024
€243,301
Gross operating margin
-€284,190
Depreciation
-€3,414
Other operating charges
-€3,308
Financial income
-€1,201
Financial charges
+€3,382
Taxes
-€69
Result 2025
-€45,498
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.
From operations
+€33,115
Investment
-€51,536
Financing
-€10,501
Cash 2024
€36,182
From operations (derived)
+€33,115
Net result for the year
-€45,498
Depreciation
+€59,832
Receivables within one year
+€30,178
Deferred charges and accrued income
-€5,718
Provisions
-€3,318
Trade debts
-€2,380
Tax, wage and social debts
+€19
Investment (derived)
-€51,536
Investment in fixed assets (net)
-€51,536
Financing
-€10,501
Debts after one year
-€6,498
Current portion of long-term debt
-€4,003
Cash 2025
€7,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,198,523 | €2,136,845 | -€61,678 | -2.8% |
| Fixed assets | 21/28 | €1,883,593 | €1,875,298 | -€8,296 | -0.4% |
| Tangible fixed assets | 22/27 | €1,883,593 | €1,875,298 | -€8,296 | -0.4% |
| Land and buildings | 22 | €1,804,711 | €1,749,276 | -€55,435 | -3.1% |
| Plant, machinery and equipment | 23 | €8,523 | €6,657 | -€1,866 | -21.9% |
| Furniture and vehicles | 24 | €70,359 | €119,365 | +€49,005 | +69.6% |
| Current assets | 29/58 | €314,930 | €261,547 | -€53,383 | -17.0% |
| Amounts receivable after more than one year | 29 | €3,000 | €3,000 | = | 0.0% |
| Trade receivables | 290 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 291 | €3,000 | - | -€3,000 | |
| Amounts receivable within one year | 40/41 | €266,808 | €236,630 | -€30,178 | -11.3% |
| Other amounts receivable | 41 | €266,808 | €236,630 | -€30,178 | -11.3% |
| Cash at bank and in hand | 54/58 | €36,182 | €7,260 | -€28,923 | -79.9% |
| Deferred charges and accrued income | 490/1 | €8,939 | €14,657 | +€5,718 | +64.0% |
| Total equity and liabilities | 10/49 | €2,198,523 | €2,136,845 | -€61,678 | -2.8% |
| Equity | 10/15 | €2,058,256 | €2,012,758 | -€45,498 | -2.2% |
| Contributions | 10/11 | €2,330,199 | €2,330,199 | = | 0.0% |
| Capital | 10 | €2,330,199 | €2,330,199 | = | 0.0% |
| Issued capital | 100 | €2,330,199 | €2,330,199 | = | 0.0% |
| Reserves | 13 | €143,730 | €137,288 | -€6,442 | -4.5% |
| Tax-exempt reserves | 132 | €83,741 | €77,299 | -€6,442 | -7.7% |
| Distributable reserves | 133 | €59,989 | €59,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,673 | -€454,730 | -€39,057 | -9.4% |
| Provisions and deferred taxes | 16 | €43,139 | €39,821 | -€3,318 | -7.7% |
| Deferred taxes | 168 | €43,139 | €39,821 | -€3,318 | -7.7% |
| Amounts payable | 17/49 | €97,128 | €84,267 | -€12,862 | -13.2% |
| Amounts payable after more than one year | 17 | €67,752 | €61,254 | -€6,498 | -9.6% |
| Financial debts | 170/4 | €67,752 | €61,254 | -€6,498 | -9.6% |
| Amounts payable within one year | 42/48 | €29,376 | €23,013 | -€6,364 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €10,501 | €6,498 | -€4,003 | -38.1% |
| Trade debts | 44 | €2,923 | €543 | -€2,380 | -81.4% |
| Suppliers | 440/4 | €2,923 | €543 | -€2,380 | -81.4% |
| Taxes, remuneration and social security | 45 | - | €19 | +€19 | |
| Taxes | 450/3 | - | €19 | +€19 | |
| Other amounts payable | 47/48 | €15,953 | €15,953 | = | 0.0% |
| Non-recurring operating income | 76A | €278,785 | - | -€278,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,418 | €59,832 | +€3,414 | +6.1% |
| Other operating charges | 640/8 | €12,634 | €15,942 | +€3,308 | +26.2% |
| Gross operating margin | 9900 | €304,855 | €20,665 | -€284,190 | -93.2% |
| Operating profit (loss) | 9901 | €235,803 | -€55,109 | -€290,912 | |
| Financial income | 75/76B | €9,367 | €8,166 | -€1,201 | -12.8% |
| Recurring financial income | 75 | €9,367 | €8,166 | -€1,201 | -12.8% |
| Financial charges | 65/66B | €5,187 | €1,805 | -€3,382 | -65.2% |
| Recurring financial charges | 65 | €5,187 | €1,805 | -€3,382 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €239,983 | -€48,748 | -€288,731 | |
| Transfer from deferred taxes | 780 | €3,318 | €3,318 | = | 0.0% |
| Income taxes | 67/77 | - | €69 | +€69 | |
| Profit (loss) for the period | 9904 | €243,301 | -€45,498 | -€288,800 | |
| Transfer from tax-exempt reserves | 789 | €6,442 | €6,442 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €249,743 | -€39,057 | -€288,800 |
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 4 October 2026 via checked.be.