POUSH: 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.
POUSH
Largest movements
- Cash -€39,470
down €39,470 (-44.1%), from €89,408 to €49,938
mainly Accrued charges and deferred income (-€36,070) and Current portion of long-term debt (-€32,748)
- Deferred charges and accrued income +€26,439
up €26,439 (+304%), from €8,704 to €35,143
- Tangible fixed assets -€10,430
down €10,430 (-45.3%), from €23,047 to €12,617
of which Furniture and vehicles: -€7,791
- Financial fixed assets +€6,300
up €6,300 (+157%), from €4,020 to €10,320
- Tax, wage and social debts +€69,814
up €69,814 (+87.1%), from €80,149 to €149,963
of which Taxes: +€43,134
- Accrued charges and deferred income -€36,070
down €36,070 (-99.9%), from €36,095 to €25
- Current portion of long-term debt -€32,748
down €32,748 (-66.1%), from €49,528 to €16,781
- Profit (loss) carried forward -€29,891
down €29,891 (-193%), from -€15,512 to -€45,403
- Trade debts +€28,969
up €28,969 (+77.1%), from €37,588 to €66,558
- Gross operating margin +€257,428
up €257,428 (+77.9%), from €330,648 to €588,075
- Staff costs +€180,136
up €180,136 (+43.4%), from €414,699 to €594,835
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 | €264,437 | €248,262 | -€16,174 | -6.1% |
| Fixed assets | 21/28 | €27,067 | €22,937 | -€4,130 | -15.3% |
| Tangible fixed assets | 22/27 | €23,047 | €12,617 | -€10,430 | -45.3% |
| Land and buildings | 22 | €4,438 | €2,654 | -€1,784 | -40.2% |
| Plant, machinery and equipment | 23 | €2,884 | €2,029 | -€855 | -29.6% |
| Furniture and vehicles | 24 | €15,725 | €7,934 | -€7,791 | -49.5% |
| Financial fixed assets | 28 | €4,020 | €10,320 | +€6,300 | +157% |
| Current assets | 29/58 | €237,369 | €225,325 | -€12,044 | -5.1% |
| Amounts receivable within one year | 40/41 | €134,358 | €134,144 | -€214 | -0.2% |
| Trade receivables | 40 | €90,822 | €119,762 | +€28,940 | +31.9% |
| Other amounts receivable | 41 | €43,535 | €14,381 | -€29,154 | -67.0% |
| Current investments | 50/53 | €4,900 | €6,100 | +€1,200 | +24.5% |
| Cash at bank and in hand | 54/58 | €89,408 | €49,938 | -€39,470 | -44.1% |
| Deferred charges and accrued income | 490/1 | €8,704 | €35,143 | +€26,439 | +304% |
| Total equity and liabilities | 10/49 | €264,437 | €248,262 | -€16,174 | -6.1% |
| Equity | 10/15 | -€7,252 | -€37,143 | -€29,891 | -412% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,512 | -€45,403 | -€29,891 | -193% |
| Amounts payable | 17/49 | €271,688 | €285,405 | +€13,717 | +5.0% |
| Amounts payable after more than one year | 17 | €29,982 | €13,201 | -€16,781 | -56.0% |
| Financial debts | 170/4 | €29,982 | €13,201 | -€16,781 | -56.0% |
| Amounts payable within one year | 42/48 | €205,611 | €272,179 | +€66,568 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €49,528 | €16,781 | -€32,748 | -66.1% |
| Financial debts | 43 | - | €10,958 | +€10,958 | |
| Credit institutions | 430/8 | - | €10,958 | +€10,958 | |
| Trade debts | 44 | €37,588 | €66,558 | +€28,969 | +77.1% |
| Suppliers | 440/4 | €37,588 | €66,558 | +€28,969 | +77.1% |
| Taxes, remuneration and social security | 45 | €80,149 | €149,963 | +€69,814 | +87.1% |
| Taxes | 450/3 | €22,294 | €65,428 | +€43,134 | +193% |
| Remuneration and social security | 454/9 | €57,855 | €84,535 | +€26,680 | +46.1% |
| Other amounts payable | 47/48 | €38,346 | €27,921 | -€10,425 | -27.2% |
| Accrued charges and deferred income | 492/3 | €36,095 | €25 | -€36,070 | -99.9% |
| Non-recurring operating income | 76A | €163 | - | -€163 | |
| Remuneration, social security and pensions | 62 | €414,699 | €594,835 | +€180,136 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,711 | €11,955 | -€3,756 | -23.9% |
| Other operating charges | 640/8 | €1,334 | €2,430 | +€1,096 | +82.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €330,648 | €588,075 | +€257,428 | +77.9% |
| Operating profit (loss) | 9901 | -€101,097 | -€21,144 | +€79,952 | +79.1% |
| Financial income | 75/76B | €161 | €278 | +€117 | +72.6% |
| Recurring financial income | 75 | €161 | €278 | +€117 | +72.6% |
| Financial charges | 65/66B | €6,314 | €8,172 | +€1,859 | +29.4% |
| Recurring financial charges | 65 | €6,314 | €8,172 | +€1,859 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | -€107,249 | -€29,039 | +€78,210 | +72.9% |
| Income taxes | 67/77 | €381 | €853 | +€471 | +124% |
| Profit (loss) for the period | 9904 | -€107,630 | -€29,891 | +€77,739 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,630 | -€29,891 | +€77,739 | +72.2% |
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.