AAA - POLIS J.: 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.
AAA - POLIS J.
Largest movements
- Tangible fixed assets -€38,510
down €38,510 (-16.4%), from €235,253 to €196,743
- Cash +€14,117
up €14,117 (+16.5%), from €85,796 to €99,913
mainly Depreciation (+€23,510) and Investment in fixed assets (net) (+€15,000)
- Debts after one year -€12,299
down €12,299 (-6.8%), from €179,759 to €167,460
of which Financial debts: -€12,299
- Profit (loss) carried forward -€7,539
down €7,539 (-6.8%), from €110,072 to €102,533
- Trade debts -€4,680
down €4,680 (-19.8%), from €23,634 to €18,954
- Gross operating margin +€62,760
up €62,760 (+75.0%), from €83,663 to €146,423
- Write-downs +€35,212
up €35,212, from €0 to €35,212
- Other operating charges +€12,120
up €12,120 (+282%), from €4,294 to €16,413
- Depreciation +€5,308
up €5,308 (+29.2%), from €18,202 to €23,510
- Taxes -€4,927
down €4,927 (-86.9%), from €5,672 to €745
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 | €420,942 | €395,640 | -€25,301 | -6.0% |
| Fixed assets | 21/28 | €236,004 | €197,493 | -€38,510 | -16.3% |
| Tangible fixed assets | 22/27 | €235,253 | €196,743 | -€38,510 | -16.4% |
| Land and buildings | 22 | €163,909 | €151,502 | -€12,407 | -7.6% |
| Plant, machinery and equipment | 23 | €524 | €174 | -€350 | -66.7% |
| Furniture and vehicles | 24 | €48,324 | €37,570 | -€10,754 | -22.3% |
| Assets under construction and advance payments | 27 | €22,496 | €7,496 | -€15,000 | -66.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €184,938 | €198,147 | +€13,209 | +7.1% |
| Stocks and contracts in progress | 3 | €16,218 | €16,284 | +€67 | +0.4% |
| Stocks | 30/36 | €16,218 | €16,284 | +€67 | +0.4% |
| Amounts receivable within one year | 40/41 | €76,550 | €78,914 | +€2,363 | +3.1% |
| Trade receivables | 40 | €60,712 | €46,626 | -€14,086 | -23.2% |
| Other amounts receivable | 41 | €15,838 | €32,288 | +€16,450 | +104% |
| Cash at bank and in hand | 54/58 | €85,796 | €99,913 | +€14,117 | +16.5% |
| Deferred charges and accrued income | 490/1 | €6,375 | €3,036 | -€3,338 | -52.4% |
| Total equity and liabilities | 10/49 | €420,942 | €395,640 | -€25,301 | -6.0% |
| Equity | 10/15 | €189,090 | €181,551 | -€7,539 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,418 | €60,418 | = | 0.0% |
| Distributable reserves | 133 | €60,418 | €60,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,072 | €102,533 | -€7,539 | -6.8% |
| Amounts payable | 17/49 | €231,851 | €214,089 | -€17,762 | -7.7% |
| Amounts payable after more than one year | 17 | €179,759 | €167,460 | -€12,299 | -6.8% |
| Financial debts | 170/4 | €178,789 | €166,490 | -€12,299 | -6.9% |
| Other amounts payable | 178/9 | €970 | €970 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,092 | €46,629 | -€5,463 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €11,973 | €12,299 | +€326 | +2.7% |
| Trade debts | 44 | €23,634 | €18,954 | -€4,680 | -19.8% |
| Suppliers | 440/4 | €23,634 | €18,954 | -€4,680 | -19.8% |
| Advances received on contracts in progress | 46 | €6,500 | €8,800 | +€2,300 | +35.4% |
| Taxes, remuneration and social security | 45 | €9,985 | €6,576 | -€3,409 | -34.1% |
| Taxes | 450/3 | €7,265 | €4,314 | -€2,950 | -40.6% |
| Remuneration and social security | 454/9 | €2,720 | €2,262 | -€458 | -16.8% |
| Non-recurring operating income | 76A | €9,769 | €2,498 | -€7,271 | -74.4% |
| Remuneration, social security and pensions | 62 | €68,039 | €71,595 | +€3,556 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,202 | €23,510 | +€5,308 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €35,212 | +€35,212 | |
| Other operating charges | 640/8 | €4,294 | €16,413 | +€12,120 | +282% |
| Gross operating margin | 9900 | €83,663 | €146,423 | +€62,760 | +75.0% |
| Operating profit (loss) | 9901 | -€6,871 | -€308 | +€6,564 | +95.5% |
| Financial income | 75/76B | €939 | €774 | -€165 | -17.5% |
| Recurring financial income | 75 | €939 | €774 | -€165 | -17.5% |
| Financial charges | 65/66B | €7,466 | €7,260 | -€206 | -2.8% |
| Recurring financial charges | 65 | €7,466 | €7,260 | -€206 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,398 | -€6,794 | +€6,605 | +49.3% |
| Income taxes | 67/77 | €5,672 | €745 | -€4,927 | -86.9% |
| Profit (loss) for the period | 9904 | -€19,070 | -€7,539 | +€11,531 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,070 | -€7,539 | +€11,531 | +60.5% |
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 14 October 2026 via checked.be.