De Polderij: 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.
De Polderij
Largest movements
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Tangible fixed assets +€19,055
up €19,055 (+4.5%), from €425,977 to €445,032
of which Furniture and vehicles: +€38,772
- Cash +€12,392
up €12,392 (+49.3%), from €25,133 to €37,524
mainly Current investments (+€60,000) and Depreciation (+€35,533)
- Deferred charges and accrued income +€6,880
new in 2025: €6,880
- Other debts -€14,740
down €14,740 (-7.0%), from €211,382 to €196,642
- Debts after one year -€7,522
down €7,522 (-18.4%), from €40,858 to €33,336
- Staff costs +€54,879
up €54,879 (+4,029%), from €1,362 to €56,241
- Financial charges -€16,721
down €16,721 (-90.7%), from €18,441 to €1,720
- Gross operating margin +€16,434
up €16,434 (+21.0%), from €78,086 to €94,520
- Taxes -€4,755
down €4,755 (-84.4%), from €5,632 to €877
- Depreciation +€4,005
up €4,005 (+12.7%), from €31,527 to €35,533
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 | €530,074 | €512,579 | -€17,496 | -3.3% |
| Fixed assets | 21/28 | €425,977 | €445,032 | +€19,055 | +4.5% |
| Tangible fixed assets | 22/27 | €425,977 | €445,032 | +€19,055 | +4.5% |
| Land and buildings | 22 | €409,858 | €389,553 | -€20,305 | -5.0% |
| Plant, machinery and equipment | 23 | €16,119 | €16,707 | +€588 | +3.6% |
| Furniture and vehicles | 24 | - | €38,772 | +€38,772 | |
| Current assets | 29/58 | €104,097 | €67,546 | -€36,551 | -35.1% |
| Stocks and contracts in progress | 3 | €7,303 | €7,703 | +€400 | +5.5% |
| Stocks | 30/36 | €7,303 | €7,703 | +€400 | +5.5% |
| Amounts receivable within one year | 40/41 | €11,662 | €15,438 | +€3,777 | +32.4% |
| Trade receivables | 40 | €0 | €5,270 | +€5,270 | |
| Other amounts receivable | 41 | €11,662 | €10,168 | -€1,493 | -12.8% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €25,133 | €37,524 | +€12,392 | +49.3% |
| Deferred charges and accrued income | 490/1 | - | €6,880 | +€6,880 | |
| Total equity and liabilities | 10/49 | €530,074 | €512,579 | -€17,496 | -3.3% |
| Equity | 10/15 | €259,903 | €260,721 | +€818 | +0.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,903 | €110,721 | +€818 | +0.7% |
| Amounts payable | 17/49 | €270,171 | €251,857 | -€18,314 | -6.8% |
| Amounts payable after more than one year | 17 | €40,858 | €33,336 | -€7,522 | -18.4% |
| Financial debts | 170/4 | €40,858 | €33,336 | -€7,522 | -18.4% |
| Amounts payable within one year | 42/48 | €227,423 | €218,385 | -€9,037 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €7,403 | €7,522 | +€119 | +1.6% |
| Trade debts | 44 | €3,500 | €8,524 | +€5,024 | +144% |
| Suppliers | 440/4 | €3,500 | €8,524 | +€5,024 | +144% |
| Taxes, remuneration and social security | 45 | €5,138 | €5,698 | +€560 | +10.9% |
| Taxes | 450/3 | €5,138 | €377 | -€4,760 | -92.7% |
| Remuneration and social security | 454/9 | - | €5,320 | +€5,320 | |
| Other amounts payable | 47/48 | €211,382 | €196,642 | -€14,740 | -7.0% |
| Accrued charges and deferred income | 492/3 | €1,890 | €136 | -€1,755 | -92.8% |
| Remuneration, social security and pensions | 62 | €1,362 | €56,241 | +€54,879 | +4,029% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,527 | €35,533 | +€4,005 | +12.7% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | €78,086 | €94,520 | +€16,434 | +21.0% |
| Operating profit (loss) | 9901 | €44,568 | €2,103 | -€42,465 | -95.3% |
| Financial income | 75/76B | €1,266 | €1,312 | +€46 | +3.6% |
| Recurring financial income | 75 | €1,266 | €1,312 | +€46 | +3.6% |
| Financial charges | 65/66B | €18,441 | €1,720 | -€16,721 | -90.7% |
| Recurring financial charges | 65 | €18,441 | €1,720 | -€16,721 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €27,394 | €1,695 | -€25,698 | -93.8% |
| Income taxes | 67/77 | €5,632 | €877 | -€4,755 | -84.4% |
| Profit (loss) for the period | 9904 | €21,761 | €818 | -€20,943 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,761 | €818 | -€20,943 | -96.2% |
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 20 October 2026 via checked.be.