VAN POECK & ZONEN: 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.
VAN POECK & ZONEN
Largest movements
- Stocks and contracts +€40,563
new in 2026: €40,563
- Receivables within one year +€27,390
up €27,390 (+10.2%), from €267,860 to €295,250
of which Other amounts receivable: +€38,580
- Tangible fixed assets -€25,570
down €25,570 (-14.4%), from €178,158 to €152,589
of which Leasing and similar rights: -€53,594
- Profit (loss) carried forward +€36,198
up €36,198 (+19.6%), from €184,675 to €220,873
- Trade debts +€29,052
up €29,052 (+66.1%), from €43,920 to €72,972
- Debts after one year -€12,174
down €12,174 (-11.9%), from €102,054 to €89,879
- Current portion of long-term debt -€7,383
down €7,383 (-14.6%), from €50,736 to €43,353
- Short-term financial debts -€5,178
down €5,178 (-71.0%), from €7,288 to €2,110
- Gross operating margin +€23,396
up €23,396 (+28.2%), from €82,948 to €106,344
- Taxes +€5,662
up €5,662 (+151%), from €3,748 to €9,410
- Financial income +€4,720
up €4,720 (+34.1%), from €13,823 to €18,543
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,313 | €489,582 | +€43,269 | +9.7% |
| Fixed assets | 21/28 | €178,453 | €152,884 | -€25,570 | -14.3% |
| Tangible fixed assets | 22/27 | €178,158 | €152,589 | -€25,570 | -14.4% |
| Land and buildings | 22 | €74 | €0 | -€74 | -100% |
| Plant, machinery and equipment | 23 | €33,033 | €34,661 | +€1,628 | +4.9% |
| Furniture and vehicles | 24 | €9,092 | €35,563 | +€26,471 | +291% |
| Leasing and similar rights | 25 | €135,959 | €82,364 | -€53,594 | -39.4% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €267,860 | €336,699 | +€68,839 | +25.7% |
| Stocks and contracts in progress | 3 | - | €40,563 | +€40,563 | |
| Contracts in progress | 37 | - | €40,563 | +€40,563 | |
| Amounts receivable within one year | 40/41 | €267,860 | €295,250 | +€27,390 | +10.2% |
| Trade receivables | 40 | €17,512 | €6,322 | -€11,190 | -63.9% |
| Other amounts receivable | 41 | €250,348 | €288,927 | +€38,580 | +15.4% |
| Deferred charges and accrued income | 490/1 | - | €887 | +€887 | |
| Total equity and liabilities | 10/49 | €446,313 | €489,582 | +€43,269 | +9.7% |
| Equity | 10/15 | €233,275 | €269,473 | +€36,198 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,675 | €220,873 | +€36,198 | +19.6% |
| Amounts payable | 17/49 | €213,038 | €220,110 | +€7,072 | +3.3% |
| Amounts payable after more than one year | 17 | €102,054 | €89,879 | -€12,174 | -11.9% |
| Financial debts | 170/4 | €102,054 | €89,879 | -€12,174 | -11.9% |
| Amounts payable within one year | 42/48 | €110,984 | €130,230 | +€19,246 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €50,736 | €43,353 | -€7,383 | -14.6% |
| Financial debts | 43 | €7,288 | €2,110 | -€5,178 | -71.0% |
| Credit institutions | 430/8 | €7,288 | €2,110 | -€5,178 | -71.0% |
| Trade debts | 44 | €43,920 | €72,972 | +€29,052 | +66.1% |
| Suppliers | 440/4 | €43,920 | €72,972 | +€29,052 | +66.1% |
| Taxes, remuneration and social security | 45 | €9,040 | €11,796 | +€2,756 | +30.5% |
| Taxes | 450/3 | €9,040 | €11,796 | +€2,756 | +30.5% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,206 | €71,669 | +€463 | +0.7% |
| Other operating charges | 640/8 | €638 | €654 | +€16 | +2.5% |
| Gross operating margin | 9900 | €82,948 | €106,344 | +€23,396 | +28.2% |
| Operating profit (loss) | 9901 | €11,104 | €34,021 | +€22,917 | +206% |
| Financial income | 75/76B | €13,823 | €18,543 | +€4,720 | +34.1% |
| Recurring financial income | 75 | €13,823 | €18,543 | +€4,720 | +34.1% |
| Financial charges | 65/66B | €7,196 | €6,956 | -€240 | -3.3% |
| Recurring financial charges | 65 | €7,196 | €6,956 | -€240 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €17,731 | €45,607 | +€27,876 | +157% |
| Income taxes | 67/77 | €3,748 | €9,410 | +€5,662 | +151% |
| Profit (loss) for the period | 9904 | €13,983 | €36,198 | +€22,214 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €13,983 | €36,198 | +€22,214 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.