Program Poetic: 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.
Program Poetic
Largest movements
- Cash +€20,310
up €20,310 (+56.6%), from €35,902 to €56,212
mainly Net result for the year (+€30,269) and Depreciation (+€6,361)
- Tangible fixed assets +€6,513
up €6,513 (+113.2%), from €5,755 to €12,268
of which Furniture and vehicles: +€7,320
- Receivables within one year -€3,835
down €3,835 (-14.1%), from €27,134 to €23,299
- Profit (loss) carried forward +€30,269
up €30,269 (+75.6%), from €40,048 to €70,317
- Tax, wage and social debts -€5,768
down €5,768 (-38.8%), from €14,879 to €9,111
- Trade debts -€1,560
down €1,560 (-60.5%), from €2,579 to €1,019
- Gross operating margin -€14,137
down €14,137 (-24.0%), from €58,861 to €44,724
- Taxes -€2,407
down €2,407 (-23.6%), from €10,200 to €7,792
- Depreciation -€1,921
down €1,921 (-23.2%), from €8,282 to €6,361
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 | €68,791 | €91,779 | +€22,988 | +33.4% |
| Fixed assets | 21/28 | €5,755 | €12,268 | +€6,513 | +113.2% |
| Tangible fixed assets | 22/27 | €5,755 | €12,268 | +€6,513 | +113.2% |
| Plant, machinery and equipment | 23 | €2,074 | €1,267 | -€807 | -38.9% |
| Furniture and vehicles | 24 | €3,681 | €11,001 | +€7,320 | +198.8% |
| Current assets | 29/58 | €63,036 | €79,511 | +€16,475 | +26.1% |
| Amounts receivable within one year | 40/41 | €27,134 | €23,299 | -€3,835 | -14.1% |
| Trade receivables | 40 | €27,134 | €23,299 | -€3,835 | -14.1% |
| Cash at bank and in hand | 54/58 | €35,902 | €56,212 | +€20,310 | +56.6% |
| Total equity and liabilities | 10/49 | €68,791 | €91,779 | +€22,988 | +33.4% |
| Equity | 10/15 | €43,048 | €73,317 | +€30,269 | +70.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,048 | €70,317 | +€30,269 | +75.6% |
| Amounts payable | 17/49 | €25,743 | €18,462 | -€7,280 | -28.3% |
| Amounts payable within one year | 42/48 | €25,493 | €18,462 | -€7,030 | -27.6% |
| Trade debts | 44 | €2,579 | €1,019 | -€1,560 | -60.5% |
| Suppliers | 440/4 | €2,579 | €1,019 | -€1,560 | -60.5% |
| Taxes, remuneration and social security | 45 | €14,879 | €9,111 | -€5,768 | -38.8% |
| Taxes | 450/3 | €14,879 | €9,111 | -€5,768 | -38.8% |
| Other amounts payable | 47/48 | €8,035 | €8,333 | +€298 | +3.7% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,282 | €6,361 | -€1,921 | -23.2% |
| Other operating charges | 640/8 | - | €189 | +€189 | |
| Gross operating margin | 9900 | €58,861 | €44,724 | -€14,137 | -24.0% |
| Operating profit (loss) | 9901 | €50,579 | €38,174 | -€12,405 | -24.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +223.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +223.1% |
| Financial charges | 65/66B | €331 | €114 | -€217 | -65.6% |
| Recurring financial charges | 65 | €331 | €114 | -€217 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €50,248 | €38,061 | -€12,187 | -24.3% |
| Income taxes | 67/77 | €10,200 | €7,792 | -€2,407 | -23.6% |
| Profit (loss) for the period | 9904 | €40,048 | €30,269 | -€9,780 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,048 | €30,269 | -€9,780 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.