POUM: 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.
POUM
Largest movements
- Tangible fixed assets -€16,896
down €16,896 (-1.3%), from €1.3m to €1.2m
of which Land and buildings: -€18,770
- Debts after one year +€161,999
up €161,999 (+16.8%), from €966,448 to €1.1m
- Trade debts -€141,314
down €141,314 (-90.1%), from €156,871 to €15,557
- Profit (loss) carried forward -€59,309
down €59,309 (-91.5%), from -€64,815 to -€124,124
- Other debts +€22,048
up €22,048 (+14.2%), from €155,716 to €177,764
- Depreciation -€55,723
down €55,723 (-46.4%), from €120,104 to €64,381
- Financial charges +€33,710
up €33,710 (+271.4%), from €12,419 to €46,130
- Gross operating margin -€29,374
down €29,374 (-31.2%), from €94,133 to €64,758
- Other operating charges +€7,379
up €7,379 (+119.3%), from €6,187 to €13,566
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 | €1,274,805 | €1,264,077 | -€10,728 | -0.8% |
| Fixed assets | 21/28 | €1,271,339 | €1,261,099 | -€10,240 | -0.8% |
| Intangible fixed assets | 21 | €8,807 | €15,463 | +€6,656 | +75.6% |
| Tangible fixed assets | 22/27 | €1,262,532 | €1,245,636 | -€16,896 | -1.3% |
| Land and buildings | 22 | €1,262,532 | €1,243,761 | -€18,770 | -1.5% |
| Furniture and vehicles | 24 | - | €1,875 | +€1,875 | |
| Current assets | 29/58 | €3,467 | €2,978 | -€488 | -14.1% |
| Amounts receivable within one year | 40/41 | €3,010 | €1,301 | -€1,709 | -56.8% |
| Trade receivables | 40 | - | €1,129 | +€1,129 | |
| Other amounts receivable | 41 | €3,010 | €172 | -€2,838 | -94.3% |
| Cash at bank and in hand | 54/58 | €457 | €151 | -€305 | -66.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,526 | +€1,526 | |
| Total equity and liabilities | 10/49 | €1,274,805 | €1,264,077 | -€10,728 | -0.8% |
| Equity | 10/15 | -€49,815 | -€109,124 | -€59,309 | -119.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,815 | -€124,124 | -€59,309 | -91.5% |
| Amounts payable | 17/49 | €1,324,620 | €1,373,201 | +€48,581 | +3.7% |
| Amounts payable after more than one year | 17 | €966,448 | €1,128,448 | +€161,999 | +16.8% |
| Financial debts | 170/4 | €966,448 | €1,128,448 | +€161,999 | +16.8% |
| Amounts payable within one year | 42/48 | €358,152 | €244,753 | -€113,399 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €45,565 | €51,409 | +€5,843 | +12.8% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €156,871 | €15,557 | -€141,314 | -90.1% |
| Suppliers | 440/4 | €156,871 | €15,557 | -€141,314 | -90.1% |
| Other amounts payable | 47/48 | €155,716 | €177,764 | +€22,048 | +14.2% |
| Accrued charges and deferred income | 492/3 | €20 | €1 | -€19 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,104 | €64,381 | -€55,723 | -46.4% |
| Other operating charges | 640/8 | €6,187 | €13,566 | +€7,379 | +119.3% |
| Gross operating margin | 9900 | €94,133 | €64,758 | -€29,374 | -31.2% |
| Operating profit (loss) | 9901 | -€32,158 | -€13,188 | +€18,969 | +59.0% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €12,419 | €46,130 | +€33,710 | +271.4% |
| Recurring financial charges | 65 | €12,419 | €46,130 | +€33,710 | +271.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,577 | -€59,309 | -€14,732 | -33.0% |
| Profit (loss) for the period | 9904 | -€44,577 | -€59,309 | -€14,732 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,577 | -€59,309 | -€14,732 | -33.0% |
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.