THE POD: 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.
THE POD
Largest movements
- Tangible fixed assets +€277,669
new in 2025: €277,669
of which Furniture and vehicles: +€158,356
- Receivables within one year -€133,103
down €133,103 (-44.8%), from €296,975 to €163,872
of which Other amounts receivable: -€189,286
- Intangible fixed assets +€37,410
up €37,410 (+146.3%), from €25,579 to €62,989
- Profit (loss) carried forward -€273,248
down €273,248 (-88.3%), from -€309,480 to -€582,728
- Contributions +€270,000
up €270,000 (+83.1%), from €325,000 to €595,000
- Debts after one year +€264,000
up €264,000 (+105.6%), from €250,000 to €514,000
- Accrued charges and deferred income -€77,000
down €77,000 (-96.3%), from €80,000 to €3,000
- Gross operating margin -€141,150
down €141,150 (-195.7%), from -€72,135 to -€213,285
- Financial charges +€18,176
up €18,176 (+355.0%), from €5,119 to €23,295
- Depreciation +€10,311
up €10,311 (+61.8%), from €16,679 to €26,990
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 | €415,935 | €600,198 | +€184,263 | +44.3% |
| Fixed assets | 21/28 | €29,553 | €343,731 | +€314,179 | +1063.1% |
| Intangible fixed assets | 21 | €25,579 | €62,989 | +€37,410 | +146.3% |
| Tangible fixed assets | 22/27 | - | €277,669 | +€277,669 | |
| Plant, machinery and equipment | 23 | - | €83,736 | +€83,736 | |
| Furniture and vehicles | 24 | - | €158,356 | +€158,356 | |
| Other tangible fixed assets | 26 | - | €35,577 | +€35,577 | |
| Financial fixed assets | 28 | €3,974 | €3,074 | -€900 | -22.6% |
| Current assets | 29/58 | €386,383 | €256,467 | -€129,915 | -33.6% |
| Amounts receivable within one year | 40/41 | €296,975 | €163,872 | -€133,103 | -44.8% |
| Trade receivables | 40 | €2,107 | €58,289 | +€56,183 | +2666.9% |
| Other amounts receivable | 41 | €294,868 | €105,583 | -€189,286 | -64.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €89,408 | €88,885 | -€523 | -0.6% |
| Deferred charges and accrued income | 490/1 | - | €3,711 | +€3,711 | |
| Total equity and liabilities | 10/49 | €415,935 | €600,198 | +€184,263 | +44.3% |
| Equity | 10/15 | €15,520 | €12,272 | -€3,248 | -20.9% |
| Contributions | 10/11 | €325,000 | €595,000 | +€270,000 | +83.1% |
| Profit (loss) carried forward | 14 | -€309,480 | -€582,728 | -€273,248 | -88.3% |
| Amounts payable | 17/49 | €400,415 | €587,926 | +€187,511 | +46.8% |
| Amounts payable after more than one year | 17 | €250,000 | €514,000 | +€264,000 | +105.6% |
| Other amounts payable | 178/9 | €250,000 | €514,000 | +€264,000 | +105.6% |
| Amounts payable within one year | 42/48 | €70,415 | €70,926 | +€511 | +0.7% |
| Financial debts | 43 | €1,421 | €373 | -€1,048 | -73.7% |
| Credit institutions | 430/8 | - | €373 | +€373 | |
| Other loans | 439 | €1,421 | €0 | -€1,421 | -100.0% |
| Trade debts | 44 | €66,444 | €68,337 | +€1,892 | +2.8% |
| Suppliers | 440/4 | €66,444 | €68,337 | +€1,892 | +2.8% |
| Taxes, remuneration and social security | 45 | €2,551 | €1,713 | -€838 | -32.9% |
| Taxes | 450/3 | €274 | €0 | -€274 | -100.0% |
| Remuneration and social security | 454/9 | €2,276 | €1,713 | -€564 | -24.8% |
| Other amounts payable | 47/48 | €0 | €504 | +€504 | |
| Accrued charges and deferred income | 492/3 | €80,000 | €3,000 | -€77,000 | -96.3% |
| Remuneration, social security and pensions | 62 | €7,035 | €8,866 | +€1,830 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,679 | €26,990 | +€10,311 | +61.8% |
| Other operating charges | 640/8 | €417 | €831 | +€414 | +99.1% |
| Gross operating margin | 9900 | -€72,135 | -€213,285 | -€141,150 | -195.7% |
| Operating profit (loss) | 9901 | -€96,266 | -€249,971 | -€153,705 | -159.7% |
| Financial income | 75/76B | €62 | €19 | -€44 | -70.0% |
| Recurring financial income | 75 | €62 | €19 | -€44 | -70.0% |
| Financial charges | 65/66B | €5,119 | €23,295 | +€18,176 | +355.0% |
| Recurring financial charges | 65 | €5,119 | €23,295 | +€18,176 | +355.0% |
| Profit (loss) for the period before taxes | 9903 | -€101,323 | -€273,248 | -€171,925 | -169.7% |
| Income taxes | 67/77 | €15 | €0 | -€15 | -99.7% |
| Profit (loss) for the period | 9904 | -€101,338 | -€273,248 | -€171,909 | -169.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,338 | -€273,248 | -€171,909 | -169.6% |
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 12 October 2026 via checked.be.