B.E. POLIART: 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.
B.E. POLIART
Largest movements
- Cash +€27,164
up €27,164 (+35.1%), from €77,287 to €104,451
mainly Net result for the year (+€23,919) and Depreciation (+€8,417)
- Tangible fixed assets -€6,928
down €6,928 (-61.3%), from €11,306 to €4,378
- Current investments -€4,063
no longer reported in 2025 (was €4,063)
- Reserves +€18,229
up €18,229 (+26.7%), from €68,375 to €86,604
- Current portion of long-term debt -€3,055
down €3,055 (-74.8%), from €4,083 to €1,028
- Other debts +€2,222
up €2,222 (+42.8%), from €5,195 to €7,417
- Gross operating margin +€6,260
up €6,260 (+21.3%), from €29,418 to €35,678
- Financial income +€4,800
up €4,800 (+464.1%), from €1,034 to €5,835
- Taxes +€2,177
up €2,177 (+35.9%), from €6,059 to €8,235
- Depreciation +€401
up €401 (+5.0%), from €8,016 to €8,417
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 | €103,790 | €119,830 | +€16,041 | +15.5% |
| Fixed assets | 21/28 | €11,306 | €4,378 | -€6,928 | -61.3% |
| Tangible fixed assets | 22/27 | €11,306 | €4,378 | -€6,928 | -61.3% |
| Furniture and vehicles | 24 | €11,306 | €4,378 | -€6,928 | -61.3% |
| Current assets | 29/58 | €92,483 | €115,452 | +€22,969 | +24.8% |
| Amounts receivable within one year | 40/41 | €8,492 | €9,278 | +€787 | +9.3% |
| Trade receivables | 40 | €7,759 | €9,278 | +€1,519 | +19.6% |
| Other amounts receivable | 41 | €733 | - | -€733 | |
| Current investments | 50/53 | €4,063 | - | -€4,063 | |
| Cash at bank and in hand | 54/58 | €77,287 | €104,451 | +€27,164 | +35.1% |
| Deferred charges and accrued income | 490/1 | €2,641 | €1,723 | -€919 | -34.8% |
| Total equity and liabilities | 10/49 | €103,790 | €119,830 | +€16,041 | +15.5% |
| Equity | 10/15 | €87,133 | €105,362 | +€18,229 | +20.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €68,375 | €86,604 | +€18,229 | +26.7% |
| Distributable reserves | 133 | €68,375 | €86,604 | +€18,229 | +26.7% |
| Profit (loss) carried forward | 14 | €8 | €8 | = | 0.0% |
| Amounts payable | 17/49 | €16,657 | €14,468 | -€2,189 | -13.1% |
| Amounts payable after more than one year | 17 | €1,028 | - | -€1,028 | |
| Financial debts | 170/4 | €1,028 | - | -€1,028 | |
| Amounts payable within one year | 42/48 | €15,540 | €14,338 | -€1,202 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €4,083 | €1,028 | -€3,055 | -74.8% |
| Trade debts | 44 | €742 | €363 | -€379 | -51.1% |
| Suppliers | 440/4 | €742 | €363 | -€379 | -51.1% |
| Taxes, remuneration and social security | 45 | €5,520 | €5,529 | +€9 | +0.2% |
| Taxes | 450/3 | €5,520 | €5,529 | +€9 | +0.2% |
| Other amounts payable | 47/48 | €5,195 | €7,417 | +€2,222 | +42.8% |
| Accrued charges and deferred income | 492/3 | €88 | €130 | +€42 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €8,417 | +€401 | +5.0% |
| Other operating charges | 640/8 | €725 | €751 | +€27 | +3.7% |
| Gross operating margin | 9900 | €29,418 | €35,678 | +€6,260 | +21.3% |
| Operating profit (loss) | 9901 | €20,677 | €26,510 | +€5,832 | +28.2% |
| Financial income | 75/76B | €1,034 | €5,835 | +€4,800 | +464.1% |
| Recurring financial income | 75 | €1,034 | €5,835 | +€4,800 | +464.1% |
| Financial charges | 65/66B | €259 | €190 | -€70 | -26.9% |
| Recurring financial charges | 65 | €259 | €190 | -€70 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €21,452 | €32,155 | +€10,702 | +49.9% |
| Income taxes | 67/77 | €6,059 | €8,235 | +€2,177 | +35.9% |
| Profit (loss) for the period | 9904 | €15,393 | €23,919 | +€8,526 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,393 | €23,919 | +€8,526 | +55.4% |
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 9 October 2026 via checked.be.