POUNK: 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.
POUNK
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+374.7%), from €832,997 to €4.0m
of which Land and buildings: +€3.2m
- Deferred charges and accrued income -€406,266
down €406,266 (-99.2%), from €409,467 to €3,202
- Cash +€60,876
up €60,876 (+66.3%), from €91,838 to €152,715
mainly Debts after one year (+€2.6m) and Deferred charges and accrued income (+€406,266)
- Debts after one year +€2.6m
up €2.6m (+164.6%), from €1.6m to €4.2m
- Other debts +€271,274
up €271,274 (+49.2%), from €550,889 to €822,164
- Current portion of long-term debt -€95,970
down €95,970 (-25.1%), from €383,008 to €287,039
- Other operating charges +€281,374
up €281,374 (+3096.9%), from €9,086 to €290,460
- Depreciation +€135,887
up €135,887 (+257.6%), from €52,745 to €188,633
- Financial charges +€73,138
up €73,138 (+158.5%), from €46,148 to €119,286
- Gross operating margin -€43,581
down €43,581 (-6.8%), from €642,739 to €599,158
- Purchases and services -€35,026
down €35,026 (-48.2%), from €72,674 to €37,648
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 | €2,854,371 | €5,647,627 | +€2.8m | +97.9% |
| Formation expenses | 20 | €11,378 | €11,066 | -€312 | -2.7% |
| Fixed assets | 21/28 | €2,332,997 | €5,474,956 | +€3.1m | +134.7% |
| Tangible fixed assets | 22/27 | €832,997 | €3,953,881 | +€3.1m | +374.7% |
| Land and buildings | 22 | €720,161 | €3,938,232 | +€3.2m | +446.9% |
| Plant, machinery and equipment | 23 | €112,836 | €15,648 | -€97,188 | -86.1% |
| Financial fixed assets | 28 | €1,500,000 | €1,521,076 | +€21,076 | +1.4% |
| Current assets | 29/58 | €509,996 | €161,604 | -€348,392 | -68.3% |
| Amounts receivable within one year | 40/41 | €8,690 | €5,687 | -€3,003 | -34.6% |
| Trade receivables | 40 | €8,690 | €5,687 | -€3,003 | -34.6% |
| Cash at bank and in hand | 54/58 | €91,838 | €152,715 | +€60,876 | +66.3% |
| Deferred charges and accrued income | 490/1 | €409,467 | €3,202 | -€406,266 | -99.2% |
| Total equity and liabilities | 10/49 | €2,854,371 | €5,647,627 | +€2.8m | +97.9% |
| Equity | 10/15 | €275,754 | €276,188 | +€434 | +0.2% |
| Contributions | 10/11 | €51,094 | €51,094 | = | 0.0% |
| Outside capital | 11 | - | €51,094 | +€51,094 | |
| Other | 1109/19 | - | €51,094 | +€51,094 | |
| Reserves | 13 | €224,660 | €225,094 | +€434 | +0.2% |
| Non-distributable reserves | 130/1 | €3,196 | €3,196 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,196 | €3,196 | = | 0.0% |
| Distributable reserves | 133 | €221,465 | €221,898 | +€434 | +0.2% |
| Amounts payable | 17/49 | €2,578,617 | €5,371,439 | +€2.8m | +108.3% |
| Amounts payable after more than one year | 17 | €1,600,312 | €4,234,061 | +€2.6m | +164.6% |
| Financial debts | 170/4 | €1,600,312 | €4,234,061 | +€2.6m | +164.6% |
| Amounts payable within one year | 42/48 | €969,354 | €1,128,032 | +€158,678 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €383,008 | €287,039 | -€95,970 | -25.1% |
| Trade debts | 44 | €27,931 | €3,845 | -€24,086 | -86.2% |
| Suppliers | 440/4 | €27,931 | €3,845 | -€24,086 | -86.2% |
| Taxes, remuneration and social security | 45 | €7,525 | €14,985 | +€7,460 | +99.1% |
| Taxes | 450/3 | €7,525 | €14,985 | +€7,460 | +99.1% |
| Other amounts payable | 47/48 | €550,889 | €822,164 | +€271,274 | +49.2% |
| Accrued charges and deferred income | 492/3 | €8,951 | €9,346 | +€395 | +4.4% |
| Turnover | 70 | €24,093 | €7,097 | -€16,996 | -70.5% |
| Non-recurring operating income | 76A | €565,178 | €236,939 | -€328,239 | -58.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €72,674 | €37,648 | -€35,026 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,745 | €188,633 | +€135,887 | +257.6% |
| Other operating charges | 640/8 | €9,086 | €290,460 | +€281,374 | +3096.9% |
| Non-recurring operating charges | 66A | €473,697 | - | -€473,697 | |
| Gross operating margin | 9900 | €642,739 | €599,158 | -€43,581 | -6.8% |
| Operating profit (loss) | 9901 | €107,210 | €120,065 | +€12,855 | +12.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46,148 | €119,286 | +€73,138 | +158.5% |
| Recurring financial charges | 65 | €46,148 | €119,286 | +€73,138 | +158.5% |
| Profit (loss) for the period before taxes | 9903 | €61,063 | €779 | -€60,284 | -98.7% |
| Income taxes | 67/77 | €7,525 | €346 | -€7,179 | -95.4% |
| Profit (loss) for the period | 9904 | €53,538 | €434 | -€53,104 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,538 | €434 | -€53,104 | -99.2% |
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 8 October 2026 via checked.be.