PONT: 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.
PONT
Largest movements
- Cash +€62,968
up €62,968 (+166%), from €37,869 to €100,836
mainly Net result for the year (+€121,628) and Depreciation (+€2,161)
- Receivables within one year +€14,819
new in 2025: €14,819
- Reserves +€121,500
up €121,500 (+30.5%), from €398,114 to €519,614
- Debts after one year -€47,121
down €47,121 (-21.0%), from €223,948 to €176,827
- Financial income +€61,314
up €61,314 (+229%), from €26,786 to €88,100
- Gross operating margin -€31,781
down €31,781 (-31.0%), from €102,363 to €70,582
- Taxes -€2,173
down €2,173 (-7.3%), from €29,946 to €27,774
- Other operating charges -€2,030
down €2,030 (-64.6%), from €3,143 to €1,113
- Financial charges -€1,252
down €1,252 (-17.2%), from €7,257 to €6,005
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 | €735,965 | €810,229 | +€74,264 | +10.1% |
| Fixed assets | 21/28 | €571,326 | €569,218 | -€2,108 | -0.4% |
| Tangible fixed assets | 22/27 | €6,326 | €4,218 | -€2,108 | -33.3% |
| Plant, machinery and equipment | 23 | €1,434 | €964 | -€469 | -32.7% |
| Furniture and vehicles | 24 | €4,892 | €3,254 | -€1,638 | -33.5% |
| Financial fixed assets | 28 | €565,000 | €565,000 | = | 0.0% |
| Current assets | 29/58 | €164,639 | €241,011 | +€76,372 | +46.4% |
| Amounts receivable within one year | 40/41 | - | €14,819 | +€14,819 | |
| Other amounts receivable | 41 | - | €14,819 | +€14,819 | |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,869 | €100,836 | +€62,968 | +166% |
| Deferred charges and accrued income | 490/1 | €6,770 | €5,356 | -€1,415 | -20.9% |
| Total equity and liabilities | 10/49 | €735,965 | €810,229 | +€74,264 | +10.1% |
| Equity | 10/15 | €441,217 | €562,845 | +€121,628 | +27.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €398,114 | €519,614 | +€121,500 | +30.5% |
| Distributable reserves | 133 | €398,114 | €519,614 | +€121,500 | +30.5% |
| Profit (loss) carried forward | 14 | €3,103 | €3,231 | +€128 | +4.1% |
| Amounts payable | 17/49 | €294,748 | €247,384 | -€47,364 | -16.1% |
| Amounts payable after more than one year | 17 | €223,948 | €176,827 | -€47,121 | -21.0% |
| Financial debts | 170/4 | €223,948 | €176,827 | -€47,121 | -21.0% |
| Amounts payable within one year | 42/48 | €70,800 | €70,557 | -€243 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €46,287 | €47,046 | +€759 | +1.6% |
| Trade debts | 44 | €7,514 | €7,846 | +€332 | +4.4% |
| Suppliers | 440/4 | €7,514 | €7,846 | +€332 | +4.4% |
| Taxes, remuneration and social security | 45 | €17,000 | €15,665 | -€1,335 | -7.9% |
| Taxes | 450/3 | €17,000 | €15,665 | -€1,335 | -7.9% |
| Non-recurring operating income | 76A | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,587 | €2,161 | -€427 | -16.5% |
| Other operating charges | 640/8 | €3,143 | €1,113 | -€2,030 | -64.6% |
| Gross operating margin | 9900 | €102,363 | €70,582 | -€31,781 | -31.0% |
| Operating profit (loss) | 9901 | €96,632 | €67,308 | -€29,324 | -30.3% |
| Financial income | 75/76B | €26,786 | €88,100 | +€61,314 | +229% |
| Recurring financial income | 75 | €26,786 | €88,100 | +€61,314 | +229% |
| Financial charges | 65/66B | €7,257 | €6,005 | -€1,252 | -17.2% |
| Recurring financial charges | 65 | €7,257 | €6,005 | -€1,252 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €116,161 | €149,402 | +€33,242 | +28.6% |
| Income taxes | 67/77 | €29,946 | €27,774 | -€2,173 | -7.3% |
| Profit (loss) for the period | 9904 | €86,214 | €121,628 | +€35,414 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,214 | €121,628 | +€35,414 | +41.1% |
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 25 October 2026 via checked.be.