Victor POCHET: 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.
Victor POCHET
Largest movements
- Receivables within one year +€23,925
up €23,925 (+11.4%), from €210,621 to €234,546
of which Trade receivables: +€23,868
- Tangible fixed assets -€20,220
down €20,220 (-21.7%), from €93,031 to €72,812
of which Land and buildings: -€20,220
- Cash +€16,534
up €16,534 (+5.3%), from €310,493 to €327,027
mainly Net result for the year (+€34,126) and Depreciation (+€20,220)
- Profit (loss) carried forward +€34,126
up €34,126 (+15.2%), from -€224,888 to -€190,761
- Other debts -€12,755
down €12,755 (-4.9%), from €261,593 to €248,838
- Gross operating margin +€2,492
up €2,492 (+4.1%), from €61,478 to €63,970
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 | €616,659 | €636,801 | +€20,142 | +3.3% |
| Fixed assets | 21/28 | €94,299 | €74,080 | -€20,220 | -21.4% |
| Intangible fixed assets | 21 | €1,268 | €1,268 | = | 0.0% |
| Tangible fixed assets | 22/27 | €93,031 | €72,812 | -€20,220 | -21.7% |
| Land and buildings | 22 | €93,031 | €72,812 | -€20,220 | -21.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €522,360 | €562,722 | +€40,362 | +7.7% |
| Amounts receivable within one year | 40/41 | €210,621 | €234,546 | +€23,925 | +11.4% |
| Trade receivables | 40 | €210,621 | €234,489 | +€23,868 | +11.3% |
| Other amounts receivable | 41 | - | €57 | +€57 | |
| Cash at bank and in hand | 54/58 | €310,493 | €327,027 | +€16,534 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,245 | €1,148 | -€97 | -7.8% |
| Total equity and liabilities | 10/49 | €616,659 | €636,801 | +€20,142 | +3.3% |
| Equity | 10/15 | €182,694 | €216,821 | +€34,126 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €388,982 | €388,982 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Own shares acquired | 1312 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,757 | €5,757 | = | 0.0% |
| Distributable reserves | 133 | €363,394 | €363,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,888 | -€190,761 | +€34,126 | +15.2% |
| Amounts payable | 17/49 | €433,965 | €419,981 | -€13,984 | -3.2% |
| Amounts payable after more than one year | 17 | €158,201 | €158,201 | = | 0.0% |
| Financial debts | 170/4 | €158,201 | €158,201 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,764 | €261,780 | -€13,984 | -5.1% |
| Trade debts | 44 | €11,613 | €12,092 | +€478 | +4.1% |
| Suppliers | 440/4 | €11,613 | €12,092 | +€478 | +4.1% |
| Taxes, remuneration and social security | 45 | €2,558 | €850 | -€1,708 | -66.8% |
| Taxes | 450/3 | €2,558 | €850 | -€1,708 | -66.8% |
| Other amounts payable | 47/48 | €261,593 | €248,838 | -€12,755 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,220 | €20,220 | = | 0.0% |
| Other operating charges | 640/8 | €9,072 | €9,292 | +€220 | +2.4% |
| Gross operating margin | 9900 | €61,478 | €63,970 | +€2,492 | +4.1% |
| Operating profit (loss) | 9901 | €32,185 | €34,458 | +€2,273 | +7.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3 | €332 | +€329 | +10,921% |
| Recurring financial charges | 65 | €3 | €332 | +€329 | +10,921% |
| Profit (loss) for the period before taxes | 9903 | €32,183 | €34,126 | +€1,943 | +6.0% |
| Profit (loss) for the period | 9904 | €32,183 | €34,126 | +€1,943 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,183 | €34,126 | +€1,943 | +6.0% |
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 31 October 2026 via checked.be.