GERT POLLING: 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.
GERT POLLING
Largest movements
- Stocks and contracts -€78,023
down €78,023 (-79.4%), from €98,273 to €20,250
of which Contracts in progress: -€72,523
- Tangible fixed assets -€10,917
down €10,917 (-31.3%), from €34,886 to €23,969
of which Furniture and vehicles: -€8,325
- Receivables within one year -€4,081
down €4,081 (-24.4%), from €16,706 to €12,625
of which Other amounts receivable: -€9,074
- Trade debts -€35,194
down €35,194 (-81.1%), from €43,393 to €8,198
- Advances received -€32,481
no longer reported in 2025 (was €32,481)
- Debts after one year -€13,823
down €13,823 (-69.7%), from €19,818 to €5,996
- Reserves -€12,788
down €12,788 (-22.3%), from €57,464 to €44,676
- Other debts +€4,392
up €4,392 (+424.9%), from €1,034 to €5,425
- Gross operating margin +€24,358
up €24,358, from -€11,742 to €12,616
- Taxes +€8,589
new in 2025: €8,589
- Other operating charges +€1,085
up €1,085 (+147.4%), from €736 to €1,821
- Staff costs +€980
up €980 (+419.0%), from €234 to €1,214
- Financial charges -€658
down €658 (-18.7%), from €3,522 to €2,864
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 | €165,368 | €71,813 | -€93,555 | -56.6% |
| Fixed assets | 21/28 | €34,886 | €23,969 | -€10,917 | -31.3% |
| Tangible fixed assets | 22/27 | €34,886 | €23,969 | -€10,917 | -31.3% |
| Plant, machinery and equipment | 23 | €5,953 | €3,361 | -€2,592 | -43.5% |
| Furniture and vehicles | 24 | €28,933 | €20,608 | -€8,325 | -28.8% |
| Current assets | 29/58 | €130,482 | €47,844 | -€82,638 | -63.3% |
| Amounts receivable after more than one year | 29 | €9,040 | €9,040 | = | 0.0% |
| Other amounts receivable | 291 | €9,040 | €9,040 | = | 0.0% |
| Stocks and contracts in progress | 3 | €98,273 | €20,250 | -€78,023 | -79.4% |
| Stocks | 30/36 | €25,750 | €20,250 | -€5,500 | -21.4% |
| Contracts in progress | 37 | €72,523 | - | -€72,523 | |
| Amounts receivable within one year | 40/41 | €16,706 | €12,625 | -€4,081 | -24.4% |
| Trade receivables | 40 | €5,777 | €10,770 | +€4,993 | +86.4% |
| Other amounts receivable | 41 | €10,929 | €1,855 | -€9,074 | -83.0% |
| Cash at bank and in hand | 54/58 | €6,462 | €5,929 | -€534 | -8.3% |
| Total equity and liabilities | 10/49 | €165,368 | €71,813 | -€93,555 | -56.6% |
| Equity | 10/15 | €59,964 | €47,176 | -€12,788 | -21.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,464 | €44,676 | -€12,788 | -22.3% |
| Distributable reserves | 133 | €57,464 | €44,676 | -€12,788 | -22.3% |
| Amounts payable | 17/49 | €105,403 | €24,636 | -€80,767 | -76.6% |
| Amounts payable after more than one year | 17 | €19,818 | €5,996 | -€13,823 | -69.7% |
| Financial debts | 170/4 | €19,818 | €5,996 | -€13,823 | -69.7% |
| Amounts payable within one year | 42/48 | €85,585 | €18,641 | -€66,944 | -78.2% |
| Trade debts | 44 | €43,393 | €8,198 | -€35,194 | -81.1% |
| Suppliers | 440/4 | €43,393 | €8,198 | -€35,194 | -81.1% |
| Advances received on contracts in progress | 46 | €32,481 | - | -€32,481 | |
| Taxes, remuneration and social security | 45 | €8,678 | €5,017 | -€3,661 | -42.2% |
| Taxes | 450/3 | €5,478 | €5,017 | -€461 | -8.4% |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €1,034 | €5,425 | +€4,392 | +424.9% |
| Remuneration, social security and pensions | 62 | €234 | €1,214 | +€980 | +419.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,990 | €10,917 | -€74 | -0.7% |
| Other operating charges | 640/8 | €736 | €1,821 | +€1,085 | +147.4% |
| Gross operating margin | 9900 | -€11,742 | €12,616 | +€24,358 | |
| Operating profit (loss) | 9901 | -€23,703 | -€1,336 | +€22,367 | +94.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,522 | €2,864 | -€658 | -18.7% |
| Recurring financial charges | 65 | €3,522 | €2,864 | -€658 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,224 | -€4,199 | +€23,025 | +84.6% |
| Income taxes | 67/77 | - | €8,589 | +€8,589 | |
| Profit (loss) for the period | 9904 | -€27,224 | -€12,788 | +€14,437 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,224 | -€12,788 | +€14,437 | +53.0% |
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 10 October 2026 via checked.be.