DE POLDERPANAS: 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 POLDERPANAS
Largest movements
- Cash -€26,179
down €26,179 (-82.3%), from €31,826 to €5,646
mainly Investment in fixed assets (net) (-€48,283) and Net result for the year (-€12,718)
- Tangible fixed assets +€12,850
up €12,850 (+16.8%), from €76,662 to €89,512
of which Land and buildings: +€34,688
- Receivables within one year -€6,689
down €6,689 (-50.3%), from €13,306 to €6,617
- Reserves -€13,568
down €13,568 (-17.5%), from €77,439 to €63,872
of which Distributable reserves: -€13,568
- Other debts -€3,876
down €3,876 (-37.6%), from €10,315 to €6,439
- Debts after one year -€2,702
down €2,702 (-17.6%), from €15,319 to €12,617
- Gross operating margin -€13,475
down €13,475 (-33.3%), from €40,505 to €27,030
- Depreciation +€4,501
up €4,501 (+14.6%), from €30,932 to €35,433
- Financial charges -€1,193
down €1,193 (-45.8%), from €2,606 to €1,413
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,703 | €104,325 | -€20,378 | -16.3% |
| Fixed assets | 21/28 | €76,662 | €89,512 | +€12,850 | +16.8% |
| Tangible fixed assets | 22/27 | €76,662 | €89,512 | +€12,850 | +16.8% |
| Land and buildings | 22 | €16,425 | €51,113 | +€34,688 | +211% |
| Plant, machinery and equipment | 23 | €25,965 | €17,839 | -€8,126 | -31.3% |
| Furniture and vehicles | 24 | €34,272 | €20,560 | -€13,712 | -40.0% |
| Current assets | 29/58 | €48,042 | €14,813 | -€33,228 | -69.2% |
| Stocks and contracts in progress | 3 | €2,910 | €2,550 | -€360 | -12.4% |
| Stocks | 30/36 | €2,910 | €2,550 | -€360 | -12.4% |
| Amounts receivable within one year | 40/41 | €13,306 | €6,617 | -€6,689 | -50.3% |
| Trade receivables | 40 | €13,306 | €6,617 | -€6,689 | -50.3% |
| Cash at bank and in hand | 54/58 | €31,826 | €5,646 | -€26,179 | -82.3% |
| Total equity and liabilities | 10/49 | €124,703 | €104,325 | -€20,378 | -16.3% |
| Equity | 10/15 | €96,031 | €82,464 | -€13,568 | -14.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,439 | €63,872 | -€13,568 | -17.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,900 | €4,900 | = | 0.0% |
| Distributable reserves | 133 | €70,680 | €57,113 | -€13,568 | -19.2% |
| Amounts payable | 17/49 | €28,672 | €21,861 | -€6,811 | -23.8% |
| Amounts payable after more than one year | 17 | €15,319 | €12,617 | -€2,702 | -17.6% |
| Financial debts | 170/4 | €15,319 | €12,617 | -€2,702 | -17.6% |
| Amounts payable within one year | 42/48 | €13,353 | €9,244 | -€4,109 | -30.8% |
| Trade debts | 44 | €585 | €545 | -€40 | -6.8% |
| Suppliers | 440/4 | €585 | €545 | -€40 | -6.8% |
| Taxes, remuneration and social security | 45 | €2,453 | €2,260 | -€193 | -7.9% |
| Taxes | 450/3 | €2,453 | €2,260 | -€193 | -7.9% |
| Other amounts payable | 47/48 | €10,315 | €6,439 | -€3,876 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,932 | €35,433 | +€4,501 | +14.6% |
| Other operating charges | 640/8 | €1,828 | €1,811 | -€17 | -0.9% |
| Gross operating margin | 9900 | €40,505 | €27,030 | -€13,475 | -33.3% |
| Operating profit (loss) | 9901 | €7,744 | -€10,215 | -€17,959 | |
| Financial charges | 65/66B | €2,606 | €1,413 | -€1,193 | -45.8% |
| Recurring financial charges | 65 | €2,606 | €1,413 | -€1,193 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €5,137 | -€11,628 | -€16,765 | |
| Income taxes | 67/77 | €1,333 | €1,090 | -€244 | -18.3% |
| Profit (loss) for the period | 9904 | €3,804 | -€12,718 | -€16,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,804 | -€12,718 | -€16,522 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.