POVAX: 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.
POVAX
Largest movements
- Receivables within one year +€38,587
up €38,587 (+484.8%), from €7,959 to €46,546
of which Trade receivables: +€39,250
- Cash -€26,113
down €26,113 (-39.3%), from €66,512 to €40,399
mainly Receivables within one year (-€38,587) and Advances received (-€5,200)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Deferred charges and accrued income +€3,234
new in 2025: €3,234
- Trade debts +€29,422
up €29,422 (+1143.0%), from €2,574 to €31,997
- Advances received -€5,200
no longer reported in 2025 (was €5,200)
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward +€1,485
up €1,485 (+3.5%), from €42,287 to €43,772
- Gross operating margin -€12,849
down €12,849 (-51.4%), from €24,992 to €12,143
- Staff costs -€6,998
no longer reported in 2025 (was €6,998)
- Taxes +€2,135
up €2,135 (+281.4%), from €759 to €2,894
- Other operating charges +€994
up €994 (+15.0%), from €6,618 to €7,611
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 | €75,521 | €96,228 | +€20,708 | +27.4% |
| Fixed assets | 21/28 | €1,050 | €1,050 | = | 0.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €74,471 | €95,178 | +€20,708 | +27.8% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €7,959 | €46,546 | +€38,587 | +484.8% |
| Trade receivables | 40 | €950 | €40,200 | +€39,250 | +4131.6% |
| Other amounts receivable | 41 | €7,009 | €6,346 | -€663 | -9.5% |
| Cash at bank and in hand | 54/58 | €66,512 | €40,399 | -€26,113 | -39.3% |
| Deferred charges and accrued income | 490/1 | - | €3,234 | +€3,234 | |
| Total equity and liabilities | 10/49 | €75,521 | €96,228 | +€20,708 | +27.4% |
| Equity | 10/15 | €62,747 | €64,232 | +€1,485 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €42,287 | €43,772 | +€1,485 | +3.5% |
| Amounts payable | 17/49 | €12,774 | €31,997 | +€19,222 | +150.5% |
| Amounts payable within one year | 42/48 | €12,774 | €31,997 | +€19,222 | +150.5% |
| Trade debts | 44 | €2,574 | €31,997 | +€29,422 | +1143.0% |
| Suppliers | 440/4 | €2,574 | €31,997 | +€29,422 | +1143.0% |
| Advances received on contracts in progress | 46 | €5,200 | - | -€5,200 | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €6,998 | - | -€6,998 | |
| Other operating charges | 640/8 | €6,618 | €7,611 | +€994 | +15.0% |
| Gross operating margin | 9900 | €24,992 | €12,143 | -€12,849 | -51.4% |
| Operating profit (loss) | 9901 | €11,377 | €4,532 | -€6,844 | -60.2% |
| Financial charges | 65/66B | €169 | €153 | -€15 | -9.1% |
| Recurring financial charges | 65 | €169 | €153 | -€15 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €11,208 | €4,379 | -€6,829 | -60.9% |
| Income taxes | 67/77 | €759 | €2,894 | +€2,135 | +281.4% |
| Profit (loss) for the period | 9904 | €10,449 | €1,485 | -€8,964 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,449 | €1,485 | -€8,964 | -85.8% |
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 10 October 2026 via checked.be.