POUSEELE BRUNO: 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.
POUSEELE BRUNO
Largest movements
- Current investments +€44,000
up €44,000 (+15.9%), from €276,000 to €320,000
- Receivables within one year +€36,767
up €36,767 (+196%), from €18,754 to €55,521
of which Trade receivables: +€35,867
- Cash -€30,290
down €30,290 (-40.0%), from €75,687 to €45,397
mainly Contributions, distributions and other (-€78,023) and Current investments (-€44,000)
- Tangible fixed assets -€7,363
down €7,363 (-3.2%), from €233,110 to €225,747
of which Assets under construction and advance payments: -€215,713
- Reserves +€28,927
up €28,927 (+5.0%), from €582,904 to €611,831
- Tax, wage and social debts +€14,144
up €14,144 (+141%), from €10,063 to €24,207
- Gross operating margin +€26,595
up €26,595 (+19.5%), from €136,350 to €162,945
- Depreciation +€11,729
up €11,729 (+334%), from €3,508 to €15,237
- Taxes +€4,700
up €4,700 (+11.8%), from €39,973 to €44,673
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 | €607,386 | €650,960 | +€43,574 | +7.2% |
| Fixed assets | 21/28 | €233,110 | €225,747 | -€7,363 | -3.2% |
| Tangible fixed assets | 22/27 | €233,110 | €225,747 | -€7,363 | -3.2% |
| Land and buildings | 22 | €10,776 | €222,027 | +€211,251 | +1,960% |
| Furniture and vehicles | 24 | €6,622 | €3,720 | -€2,902 | -43.8% |
| Assets under construction and advance payments | 27 | €215,713 | - | -€215,713 | |
| Current assets | 29/58 | €374,275 | €425,213 | +€50,938 | +13.6% |
| Amounts receivable within one year | 40/41 | €18,754 | €55,521 | +€36,767 | +196% |
| Trade receivables | 40 | €612 | €36,480 | +€35,867 | +5,857% |
| Other amounts receivable | 41 | €18,142 | €19,041 | +€900 | +5.0% |
| Current investments | 50/53 | €276,000 | €320,000 | +€44,000 | +15.9% |
| Cash at bank and in hand | 54/58 | €75,687 | €45,397 | -€30,290 | -40.0% |
| Deferred charges and accrued income | 490/1 | €3,835 | €4,295 | +€461 | +12.0% |
| Total equity and liabilities | 10/49 | €607,386 | €650,960 | +€43,574 | +7.2% |
| Equity | 10/15 | €595,304 | €624,231 | +€28,927 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €582,904 | €611,831 | +€28,927 | +5.0% |
| Distributable reserves | 133 | €582,904 | €611,831 | +€28,927 | +5.0% |
| Amounts payable | 17/49 | €12,081 | €26,728 | +€14,647 | +121% |
| Amounts payable within one year | 42/48 | €12,081 | €26,728 | +€14,647 | +121% |
| Trade debts | 44 | €516 | €1,019 | +€503 | +97.5% |
| Suppliers | 440/4 | €516 | €1,019 | +€503 | +97.5% |
| Advances received on contracts in progress | 46 | €1,278 | €1,278 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,063 | €24,207 | +€14,144 | +141% |
| Taxes | 450/3 | €10,063 | €24,207 | +€14,144 | +141% |
| Other amounts payable | 47/48 | €225 | €225 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €15,237 | +€11,729 | +334% |
| Other operating charges | 640/8 | €1,258 | €1,188 | -€70 | -5.5% |
| Gross operating margin | 9900 | €136,350 | €162,945 | +€26,595 | +19.5% |
| Operating profit (loss) | 9901 | €131,584 | €146,520 | +€14,936 | +11.4% |
| Financial income | 75/76B | €6,052 | €5,206 | -€846 | -14.0% |
| Recurring financial income | 75 | €6,052 | €5,206 | -€846 | -14.0% |
| Financial charges | 65/66B | €57 | €102 | +€45 | +78.9% |
| Recurring financial charges | 65 | €57 | €102 | +€45 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €137,579 | €151,623 | +€14,045 | +10.2% |
| Income taxes | 67/77 | €39,973 | €44,673 | +€4,700 | +11.8% |
| Profit (loss) for the period | 9904 | €97,605 | €106,950 | +€9,345 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,605 | €106,950 | +€9,345 | +9.6% |
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 20 October 2026 via checked.be.