DG Polibeton: what changed
DG Polibeton
Largest movements
- Tangible fixed assets +€118,733
up €118,733 (+182%), from €65,243 to €183,976
of which Land and buildings: +€67,549
- Cash -€15,242
down €15,242 (-22.9%), from €66,510 to €51,268
mainly Investment in fixed assets (net) (-€134,773) and Deferred charges and accrued income (-€2,327)
- Reserves +€79,613
up €79,613 (+316%), from €25,196 to €104,808
- Other debts +€14,439
up €14,439 (+12.9%), from €111,604 to €126,042
- Tax, wage and social debts +€7,825
up €7,825 (+154%), from €5,085 to €12,910
of which Taxes: +€7,798
- Trade debts +€3,198
up €3,198 (+70.4%), from €4,543 to €7,741
- Gross operating margin +€93,011
up €93,011 (+139%), from €67,151 to €160,163
- Staff costs +€19,747
up €19,747 (+303%), from €6,512 to €26,259
- Taxes +€16,584
up €16,584 (+137%), from €12,089 to €28,674
- Other operating charges +€7,105
up €7,105 (+1,560%), from €455 to €7,561
- Depreciation -€5,540
down €5,540 (-25.7%), from €21,580 to €16,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,428 | €254,954 | +€105,527 | +70.6% |
| Fixed assets | 21/28 | €65,243 | €183,976 | +€118,733 | +182% |
| Tangible fixed assets | 22/27 | €65,243 | €183,976 | +€118,733 | +182% |
| Land and buildings | 22 | - | €67,549 | +€67,549 | |
| Plant, machinery and equipment | 23 | €12,370 | €48,298 | +€35,929 | +290% |
| Furniture and vehicles | 24 | €51,998 | €67,378 | +€15,380 | +29.6% |
| Other tangible fixed assets | 26 | €875 | €750 | -€125 | -14.3% |
| Current assets | 29/58 | €84,184 | €70,979 | -€13,206 | -15.7% |
| Amounts receivable within one year | 40/41 | €17,098 | €16,807 | -€291 | -1.7% |
| Trade receivables | 40 | €10,364 | €16,807 | +€6,443 | +62.2% |
| Other amounts receivable | 41 | €6,734 | - | -€6,734 | |
| Cash at bank and in hand | 54/58 | €66,510 | €51,268 | -€15,242 | -22.9% |
| Deferred charges and accrued income | 490/1 | €577 | €2,904 | +€2,327 | +403% |
| Total equity and liabilities | 10/49 | €149,428 | €254,954 | +€105,527 | +70.6% |
| Equity | 10/15 | €28,196 | €107,808 | +€79,613 | +282% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,196 | €104,808 | +€79,613 | +316% |
| Distributable reserves | 133 | €25,196 | €104,808 | +€79,613 | +316% |
| Amounts payable | 17/49 | €121,232 | €147,146 | +€25,914 | +21.4% |
| Amounts payable within one year | 42/48 | €121,232 | €146,693 | +€25,461 | +21.0% |
| Trade debts | 44 | €4,543 | €7,741 | +€3,198 | +70.4% |
| Suppliers | 440/4 | €4,543 | €7,741 | +€3,198 | +70.4% |
| Taxes, remuneration and social security | 45 | €5,085 | €12,910 | +€7,825 | +154% |
| Taxes | 450/3 | €5,085 | €12,883 | +€7,798 | +153% |
| Remuneration and social security | 454/9 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | €111,604 | €126,042 | +€14,439 | +12.9% |
| Accrued charges and deferred income | 492/3 | - | €453 | +€453 | |
| Remuneration, social security and pensions | 62 | €6,512 | €26,259 | +€19,747 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,580 | €16,040 | -€5,540 | -25.7% |
| Other operating charges | 640/8 | €455 | €7,561 | +€7,105 | +1,560% |
| Gross operating margin | 9900 | €67,151 | €160,163 | +€93,011 | +139% |
| Operating profit (loss) | 9901 | €38,604 | €110,303 | +€71,699 | +186% |
| Financial charges | 65/66B | €486 | €1,184 | +€698 | +143% |
| Recurring financial charges | 65 | €486 | €1,184 | +€698 | +143% |
| Profit (loss) for the period before taxes | 9903 | €38,118 | €109,119 | +€71,001 | +186% |
| Income taxes | 67/77 | €12,089 | €28,674 | +€16,584 | +137% |
| Profit (loss) for the period | 9904 | €26,029 | €80,446 | +€54,417 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €26,029 | €80,446 | +€54,417 | +209% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.