ALL POL: 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.
ALL POL
Largest movements
- Stocks and contracts +€35,202
up €35,202 (+155.8%), from €22,600 to €57,802
of which Contracts in progress: +€35,117
- Cash -€20,945
down €20,945 (-57.2%), from €36,602 to €15,658
mainly Stocks and contracts (-€35,202) and Other debts (-€32,425)
- Tangible fixed assets -€7,598
down €7,598 (-61.9%), from €12,281 to €4,683
of which Furniture and vehicles: -€6,820
- Receivables within one year -€4,005
down €4,005 (-12.0%), from €33,495 to €29,490
of which Trade receivables: -€16,381
- Deferred charges and accrued income +€3,790
up €3,790 (+324.1%), from €1,169 to €4,959
- Other debts -€32,425
no longer reported in 2025 (was €32,425)
- Trade debts +€21,017
up €21,017 (+88.9%), from €23,654 to €44,671
- Profit (loss) carried forward +€7,104
up €7,104 (+162.0%), from €4,387 to €11,491
- Tax, wage and social debts +€6,006
up €6,006 (+259.0%), from €2,319 to €8,325
of which Remuneration and social security: +€8,248
- Accrued charges and deferred income +€4,742
new in 2025: €4,742
- Gross operating margin +€34,677
up €34,677 (+31.4%), from €110,490 to €145,168
- Staff costs +€8,578
up €8,578 (+7.7%), from €111,429 to €120,007
- Taxes +€2,796
up €2,796 (+95.5%), from -€2,928 to -€132
- Financial charges +€2,539
up €2,539 (+108.8%), from €2,333 to €4,872
of which Financial charges: +€2,889
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 | €106,147 | €112,592 | +€6,445 | +6.1% |
| Fixed assets | 21/28 | €12,281 | €4,683 | -€7,598 | -61.9% |
| Tangible fixed assets | 22/27 | €12,281 | €4,683 | -€7,598 | -61.9% |
| Plant, machinery and equipment | 23 | €2,646 | €1,868 | -€778 | -29.4% |
| Furniture and vehicles | 24 | €9,635 | €2,815 | -€6,820 | -70.8% |
| Current assets | 29/58 | €93,866 | €107,908 | +€14,042 | +15.0% |
| Stocks and contracts in progress | 3 | €22,600 | €57,802 | +€35,202 | +155.8% |
| Stocks | 30/36 | €22,600 | €22,685 | +€85 | +0.4% |
| Contracts in progress | 37 | - | €35,117 | +€35,117 | |
| Amounts receivable within one year | 40/41 | €33,495 | €29,490 | -€4,005 | -12.0% |
| Trade receivables | 40 | €33,477 | €17,097 | -€16,381 | -48.9% |
| Other amounts receivable | 41 | €17 | €12,393 | +€12,376 | +71868.6% |
| Cash at bank and in hand | 54/58 | €36,602 | €15,658 | -€20,945 | -57.2% |
| Deferred charges and accrued income | 490/1 | €1,169 | €4,959 | +€3,790 | +324.1% |
| Total equity and liabilities | 10/49 | €106,147 | €112,592 | +€6,445 | +6.1% |
| Equity | 10/15 | €47,749 | €54,853 | +€7,104 | +14.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €24,812 | €24,812 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €22,957 | €22,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,387 | €11,491 | +€7,104 | +162.0% |
| Amounts payable | 17/49 | €58,398 | €57,738 | -€660 | -1.1% |
| Amounts payable within one year | 42/48 | €58,398 | €52,996 | -€5,402 | -9.3% |
| Trade debts | 44 | €23,654 | €44,671 | +€21,017 | +88.9% |
| Suppliers | 440/4 | €23,654 | €44,671 | +€21,017 | +88.9% |
| Taxes, remuneration and social security | 45 | €2,319 | €8,325 | +€6,006 | +259.0% |
| Taxes | 450/3 | €2,319 | €76 | -€2,242 | -96.7% |
| Remuneration and social security | 454/9 | - | €8,248 | +€8,248 | |
| Other amounts payable | 47/48 | €32,425 | - | -€32,425 | |
| Accrued charges and deferred income | 492/3 | - | €4,742 | +€4,742 | |
| Remuneration, social security and pensions | 62 | €111,429 | €120,007 | +€8,578 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,013 | €7,598 | -€416 | -5.2% |
| Other operating charges | 640/8 | €7,065 | €6,176 | -€889 | -12.6% |
| Gross operating margin | 9900 | €110,490 | €145,168 | +€34,677 | +31.4% |
| Operating profit (loss) | 9901 | -€16,017 | €11,388 | +€27,404 | |
| Financial income | 75/76B | €25 | €457 | +€432 | +1703.1% |
| Recurring financial income | 75 | €25 | €457 | +€432 | +1703.1% |
| Financial charges | 65/66B | €2,333 | €4,872 | +€2,539 | +108.8% |
| Recurring financial charges | 65 | €1,983 | €4,872 | +€2,889 | +145.6% |
| Non-recurring financial charges | 66B | €350 | - | -€350 | |
| Profit (loss) for the period before taxes | 9903 | -€18,325 | €6,973 | +€25,298 | |
| Income taxes | 67/77 | -€2,928 | -€132 | +€2,796 | +95.5% |
| Profit (loss) for the period | 9904 | -€15,397 | €7,104 | +€22,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,397 | €7,104 | +€22,502 |
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.