POYRAZ: 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.
POYRAZ
Largest movements
- Cash +€39,876
up €39,876 (+57.8%), from €69,045 to €108,921
mainly Depreciation (+€41,986) and Net result for the year (+€34,302)
- Receivables within one year -€33,143
down €33,143 (-82.5%), from €40,154 to €7,011
of which Trade receivables: -€31,488
- Tangible fixed assets -€30,297
down €30,297 (-20.2%), from €150,005 to €119,708
of which Furniture and vehicles: -€37,393
- Reserves +€34,302
up €34,302 (+50.5%), from €67,930 to €102,233
- Trade debts -€32,376
down €32,376 (-79.2%), from €40,881 to €8,505
- Debts after one year -€27,160
down €27,160 (-26.7%), from €101,650 to €74,490
of which Financial debts: -€30,301
- Other debts -€5,907
down €5,907 (-69.5%), from €8,500 to €2,593
- Tax, wage and social debts +€5,651
up €5,651 (+247.5%), from €2,283 to €7,935
- Depreciation +€17,648
up €17,648 (+72.5%), from €24,338 to €41,986
- Gross operating margin +€15,920
up €15,920 (+17.1%), from €93,351 to €109,271
- Taxes +€7,610
up €7,610 (+65.2%), from €11,673 to €19,283
- Financial charges -€1,132
down €1,132 (-11.6%), from €9,787 to €8,655
- Financial income +€1,107
up €1,107 (+1084.5%), from €102 to €1,209
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 | €269,206 | €245,344 | -€23,862 | -8.9% |
| Fixed assets | 21/28 | €150,005 | €119,708 | -€30,297 | -20.2% |
| Tangible fixed assets | 22/27 | €150,005 | €119,708 | -€30,297 | -20.2% |
| Plant, machinery and equipment | 23 | €1,264 | €307 | -€957 | -75.7% |
| Furniture and vehicles | 24 | €125,843 | €88,451 | -€37,393 | -29.7% |
| Other tangible fixed assets | 26 | €22,898 | €30,950 | +€8,052 | +35.2% |
| Current assets | 29/58 | €119,201 | €125,636 | +€6,435 | +5.4% |
| Stocks and contracts in progress | 3 | €4,423 | €4,048 | -€375 | -8.5% |
| Stocks | 30/36 | €4,423 | €4,048 | -€375 | -8.5% |
| Amounts receivable within one year | 40/41 | €40,154 | €7,011 | -€33,143 | -82.5% |
| Trade receivables | 40 | €31,488 | €0 | -€31,488 | -100.0% |
| Other amounts receivable | 41 | €8,666 | €7,011 | -€1,654 | -19.1% |
| Cash at bank and in hand | 54/58 | €69,045 | €108,921 | +€39,876 | +57.8% |
| Deferred charges and accrued income | 490/1 | €5,578 | €5,656 | +€77 | +1.4% |
| Total equity and liabilities | 10/49 | €269,206 | €245,344 | -€23,862 | -8.9% |
| Equity | 10/15 | €86,530 | €120,833 | +€34,302 | +39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,930 | €102,233 | +€34,302 | +50.5% |
| Distributable reserves | 133 | €67,930 | €102,233 | +€34,302 | +50.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,675 | €124,511 | -€58,165 | -31.8% |
| Amounts payable after more than one year | 17 | €101,650 | €74,490 | -€27,160 | -26.7% |
| Financial debts | 170/4 | €68,718 | €38,417 | -€30,301 | -44.1% |
| Other amounts payable | 178/9 | €32,932 | €36,073 | +€3,141 | +9.5% |
| Amounts payable within one year | 42/48 | €81,026 | €49,333 | -€31,692 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €29,362 | €30,301 | +€939 | +3.2% |
| Trade debts | 44 | €40,881 | €8,505 | -€32,376 | -79.2% |
| Suppliers | 440/4 | €40,881 | €8,505 | -€32,376 | -79.2% |
| Taxes, remuneration and social security | 45 | €2,283 | €7,935 | +€5,651 | +247.5% |
| Taxes | 450/3 | €2,283 | €7,935 | +€5,651 | +247.5% |
| Other amounts payable | 47/48 | €8,500 | €2,593 | -€5,907 | -69.5% |
| Accrued charges and deferred income | 492/3 | €0 | €688 | +€688 | |
| Non-recurring operating income | 76A | €3,495 | €3,299 | -€196 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,338 | €41,986 | +€17,648 | +72.5% |
| Other operating charges | 640/8 | €4,463 | €4,107 | -€356 | -8.0% |
| Non-recurring operating charges | 66A | €10,455 | €2,146 | -€8,309 | -79.5% |
| Gross operating margin | 9900 | €93,351 | €109,271 | +€15,920 | +17.1% |
| Operating profit (loss) | 9901 | €54,095 | €61,031 | +€6,937 | +12.8% |
| Financial income | 75/76B | €102 | €1,209 | +€1,107 | +1084.5% |
| Recurring financial income | 75 | €102 | €1,209 | +€1,107 | +1084.5% |
| Financial charges | 65/66B | €9,787 | €8,655 | -€1,132 | -11.6% |
| Recurring financial charges | 65 | €9,787 | €8,655 | -€1,132 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €44,410 | €53,586 | +€9,176 | +20.7% |
| Income taxes | 67/77 | €11,673 | €19,283 | +€7,610 | +65.2% |
| Profit (loss) for the period | 9904 | €32,737 | €34,302 | +€1,566 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,737 | €34,302 | +€1,566 | +4.8% |
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.