VAN POUCKE PETER: 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.
VAN POUCKE PETER
Largest movements
- Cash +€1.2m
up €1.2m (+294.3%), from €418,388 to €1.6m
mainly Current investments (+€881,343) and Net result for the year (+€562,858)
- Current investments -€881,343
down €881,343 (-53.1%), from €1.7m to €779,004
- Reserves +€394,436
up €394,436 (+17.0%), from €2.3m to €2.7m
- Tax, wage and social debts -€30,396
down €30,396 (-21.0%), from €144,809 to €114,413
of which Taxes: -€29,133
- Financial income +€367,838
up €367,838 (+775.9%), from €47,406 to €415,244
of which Non-recurring financial income: +€310,788
- Taxes +€113,040
up €113,040 (+69.7%), from €162,251 to €275,291
- Staff costs +€52,019
up €52,019 (+38.2%), from €136,285 to €188,304
- Gross operating margin +€32,042
up €32,042 (+4.8%), from €667,456 to €699,498
- Depreciation -€22,050
down €22,050 (-29.0%), from €75,990 to €53,939
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 | €2,612,877 | €3,002,724 | +€389,847 | +14.9% |
| Fixed assets | 21/28 | €534,142 | €561,837 | +€27,695 | +5.2% |
| Tangible fixed assets | 22/27 | €534,142 | €561,837 | +€27,695 | +5.2% |
| Land and buildings | 22 | €324,160 | €373,887 | +€49,727 | +15.3% |
| Plant, machinery and equipment | 23 | €79,454 | €44,738 | -€34,717 | -43.7% |
| Furniture and vehicles | 24 | €104,028 | €116,713 | +€12,685 | +12.2% |
| Other tangible fixed assets | 26 | €26,500 | €26,500 | = | 0.0% |
| Current assets | 29/58 | €2,078,735 | €2,440,887 | +€362,152 | +17.4% |
| Amounts receivable within one year | 40/41 | - | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Current investments | 50/53 | €1,660,347 | €779,004 | -€881,343 | -53.1% |
| Cash at bank and in hand | 54/58 | €418,388 | €1,649,883 | +€1.2m | +294.3% |
| Total equity and liabilities | 10/49 | €2,612,877 | €3,002,724 | +€389,847 | +14.9% |
| Equity | 10/15 | €2,394,519 | €2,788,955 | +€394,437 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,314,650 | €2,709,086 | +€394,436 | +17.0% |
| Distributable reserves | 133 | €2,314,650 | €2,709,086 | +€394,436 | +17.0% |
| Profit (loss) carried forward | 14 | €73,669 | €73,670 | +€1 | 0.0% |
| Amounts payable | 17/49 | €218,359 | €213,769 | -€4,590 | -2.1% |
| Amounts payable within one year | 42/48 | €213,271 | €207,679 | -€5,592 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €40,687 | €66,164 | +€25,478 | +62.6% |
| Trade debts | 44 | €14,418 | €16,934 | +€2,516 | +17.4% |
| Suppliers | 440/4 | €14,418 | €16,934 | +€2,516 | +17.4% |
| Taxes, remuneration and social security | 45 | €144,809 | €114,413 | -€30,396 | -21.0% |
| Taxes | 450/3 | €107,706 | €78,574 | -€29,133 | -27.0% |
| Remuneration and social security | 454/9 | €37,103 | €35,840 | -€1,263 | -3.4% |
| Other amounts payable | 47/48 | €13,357 | €10,168 | -€3,189 | -23.9% |
| Accrued charges and deferred income | 492/3 | €5,088 | €6,089 | +€1,002 | +19.7% |
| Remuneration, social security and pensions | 62 | €136,285 | €188,304 | +€52,019 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,990 | €53,939 | -€22,050 | -29.0% |
| Other operating charges | 640/8 | €7,898 | €6,500 | -€1,397 | -17.7% |
| Non-recurring operating charges | 66A | €1,287 | €12,784 | +€11,497 | +893.4% |
| Gross operating margin | 9900 | €667,456 | €699,498 | +€32,042 | +4.8% |
| Operating profit (loss) | 9901 | €445,996 | €437,970 | -€8,026 | -1.8% |
| Financial income | 75/76B | €47,406 | €415,244 | +€367,838 | +775.9% |
| Recurring financial income | 75 | €47,406 | €104,457 | +€57,051 | +120.3% |
| Non-recurring financial income | 76B | - | €310,788 | +€310,788 | |
| Financial charges | 65/66B | €2,546 | €15,066 | +€12,520 | +491.7% |
| Recurring financial charges | 65 | €2,546 | €15,066 | +€12,520 | +491.7% |
| Profit (loss) for the period before taxes | 9903 | €490,856 | €838,149 | +€347,293 | +70.8% |
| Income taxes | 67/77 | €162,251 | €275,291 | +€113,040 | +69.7% |
| Profit (loss) for the period | 9904 | €328,605 | €562,858 | +€234,253 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €328,605 | €562,858 | +€234,253 | +71.3% |
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 3 October 2026 via checked.be.