The Poolhouse: 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 Poolhouse
Largest movements
- Tangible fixed assets +€267,324
up €267,324 (+331%), from €80,661 to €347,985
of which Plant, machinery and equipment: +€255,902
- Cash -€157,700
down €157,700 (-70.3%), from €224,366 to €66,666
mainly Investment in fixed assets (net) (-€348,306) and Net result for the year (-€75,237)
- Intangible fixed assets +€39,071
up €39,071 (+269%), from €14,518 to €53,589
- Receivables within one year +€9,601
up €9,601 (+4.4%), from €218,507 to €228,108
of which Other amounts receivable: +€6,344
- Debts after one year +€158,333
new in 2025: €158,333
- Profit (loss) carried forward -€75,237
down €75,237 (-176%), from -€42,775 to -€118,012
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Trade debts -€31,161
down €31,161 (-8.4%), from €372,463 to €341,302
- Other debts +€30,000
new in 2025: €30,000
- Staff costs +€248,876
up €248,876 (+663%), from €37,517 to €286,393
- Gross operating margin +€237,879
up €237,879 (+936%), from €25,422 to €263,301
- Depreciation +€38,639
up €38,639 (+1,616%), from €2,390 to €41,029
- Financial charges +€9,395
up €9,395 (+16,046%), from €59 to €9,454
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 | €540,134 | €698,663 | +€158,529 | +29.3% |
| Fixed assets | 21/28 | €95,179 | €402,456 | +€307,277 | +323% |
| Intangible fixed assets | 21 | €14,518 | €53,589 | +€39,071 | +269% |
| Tangible fixed assets | 22/27 | €80,661 | €347,985 | +€267,324 | +331% |
| Plant, machinery and equipment | 23 | €42,665 | €298,567 | +€255,902 | +600% |
| Furniture and vehicles | 24 | €651 | €5,133 | +€4,482 | +689% |
| Other tangible fixed assets | 26 | €37,345 | €44,285 | +€6,939 | +18.6% |
| Financial fixed assets | 28 | - | €882 | +€882 | |
| Current assets | 29/58 | €444,955 | €296,207 | -€148,748 | -33.4% |
| Amounts receivable within one year | 40/41 | €218,507 | €228,108 | +€9,601 | +4.4% |
| Trade receivables | 40 | €186,952 | €190,209 | +€3,256 | +1.7% |
| Other amounts receivable | 41 | €31,555 | €37,899 | +€6,344 | +20.1% |
| Cash at bank and in hand | 54/58 | €224,366 | €66,666 | -€157,700 | -70.3% |
| Deferred charges and accrued income | 490/1 | €2,082 | €1,434 | -€648 | -31.1% |
| Total equity and liabilities | 10/49 | €540,134 | €698,663 | +€158,529 | +29.3% |
| Equity | 10/15 | €142,225 | €66,988 | -€75,237 | -52.9% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,775 | -€118,012 | -€75,237 | -176% |
| Amounts payable | 17/49 | €397,909 | €631,675 | +€233,766 | +58.7% |
| Amounts payable after more than one year | 17 | - | €158,333 | +€158,333 | |
| Financial debts | 170/4 | - | €158,333 | +€158,333 | |
| Amounts payable within one year | 42/48 | €397,909 | €473,342 | +€75,433 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | - | €8,411 | +€8,411 | |
| Credit institutions | 430/8 | - | €8,411 | +€8,411 | |
| Trade debts | 44 | €372,463 | €341,302 | -€31,161 | -8.4% |
| Suppliers | 440/4 | €372,463 | €341,302 | -€31,161 | -8.4% |
| Taxes, remuneration and social security | 45 | €25,446 | €43,629 | +€18,183 | +71.5% |
| Taxes | 450/3 | €6,636 | €5,552 | -€1,084 | -16.3% |
| Remuneration and social security | 454/9 | €18,810 | €38,077 | +€19,267 | +102% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €37,517 | €286,393 | +€248,876 | +663% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | €41,029 | +€38,639 | +1,616% |
| Other operating charges | 640/8 | €950 | €1,850 | +€901 | +94.9% |
| Gross operating margin | 9900 | €25,422 | €263,301 | +€237,879 | +936% |
| Operating profit (loss) | 9901 | -€15,436 | -€65,972 | -€50,536 | -327% |
| Financial income | 75/76B | - | €632 | +€632 | |
| Recurring financial income | 75 | - | €632 | +€632 | |
| Financial charges | 65/66B | €59 | €9,454 | +€9,395 | +16,046% |
| Recurring financial charges | 65 | €59 | €9,454 | +€9,395 | +16,046% |
| Profit (loss) for the period before taxes | 9903 | -€15,494 | -€74,794 | -€59,300 | -383% |
| Income taxes | 67/77 | €56 | €443 | +€387 | +691% |
| Profit (loss) for the period | 9904 | -€15,550 | -€75,237 | -€59,686 | -384% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,550 | -€75,237 | -€59,686 | -384% |
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 24 October 2026 via checked.be.