H2 POLYMED: 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.
H2 POLYMED
Largest movements
- Cash +€249,973
up €249,973 (+168%), from €148,579 to €398,552
mainly Net result for the year (+€379,137) and Tax, wage and social debts (+€138,847)
- Deferred charges and accrued income +€123,470
up €123,470 (+204%), from €60,550 to €184,020
- Current investments +€104,051
up €104,051 (+38.1%), from €273,366 to €377,418
- Intangible fixed assets -€60,000
down €60,000 (-11.4%), from €524,877 to €464,877
- Tangible fixed assets +€15,497
up €15,497 (+22.0%), from €70,598 to €86,095
of which Other tangible fixed assets: +€27,813
- Reserves +€300,000
new in 2025: €300,000
- Tax, wage and social debts +€138,847
up €138,847 (+128%), from €108,847 to €247,694
of which Taxes: +€138,768
- Debts after one year -€82,749
down €82,749 (-18.9%), from €436,851 to €354,103
- Profit (loss) carried forward +€79,137
up €79,137 (+24.2%), from €326,647 to €405,784
- Other debts +€36,985
up €36,985 (+50.2%), from €73,667 to €110,652
- Gross operating margin +€193,627
up €193,627 (+41.5%), from €466,218 to €659,845
- Taxes +€79,509
up €79,509 (+94.6%), from €84,049 to €163,557
- Depreciation +€13,838
up €13,838 (+16.3%), from €84,876 to €98,714
- Financial income +€10,531
up €10,531 (+5,265,460%), from €0 to €10,531
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 | €1,079,075 | €1,511,419 | +€432,344 | +40.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €595,475 | €550,972 | -€44,503 | -7.5% |
| Intangible fixed assets | 21 | €524,877 | €464,877 | -€60,000 | -11.4% |
| Tangible fixed assets | 22/27 | €70,598 | €86,095 | +€15,497 | +22.0% |
| Plant, machinery and equipment | 23 | €4,860 | €2,080 | -€2,780 | -57.2% |
| Furniture and vehicles | 24 | €34,763 | €25,227 | -€9,536 | -27.4% |
| Other tangible fixed assets | 26 | €30,975 | €58,788 | +€27,813 | +89.8% |
| Current assets | 29/58 | €483,601 | €960,447 | +€476,847 | +98.6% |
| Amounts receivable within one year | 40/41 | €1,105 | €458 | -€647 | -58.6% |
| Trade receivables | 40 | - | €458 | +€458 | |
| Other amounts receivable | 41 | €1,105 | - | -€1,105 | |
| Current investments | 50/53 | €273,366 | €377,418 | +€104,051 | +38.1% |
| Cash at bank and in hand | 54/58 | €148,579 | €398,552 | +€249,973 | +168% |
| Deferred charges and accrued income | 490/1 | €60,550 | €184,020 | +€123,470 | +204% |
| Total equity and liabilities | 10/49 | €1,079,075 | €1,511,419 | +€432,344 | +40.1% |
| Equity | 10/15 | €336,647 | €715,784 | +€379,137 | +113% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €300,000 | +€300,000 | |
| Distributable reserves | 133 | - | €300,000 | +€300,000 | |
| Profit (loss) carried forward | 14 | €326,647 | €405,784 | +€79,137 | +24.2% |
| Amounts payable | 17/49 | €742,428 | €795,635 | +€53,207 | +7.2% |
| Amounts payable after more than one year | 17 | €436,851 | €354,103 | -€82,749 | -18.9% |
| Financial debts | 170/4 | €436,851 | €354,103 | -€82,749 | -18.9% |
| Amounts payable within one year | 42/48 | €275,086 | €441,532 | +€166,446 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €79,844 | €82,749 | +€2,905 | +3.6% |
| Trade debts | 44 | €12,729 | €438 | -€12,291 | -96.6% |
| Suppliers | 440/4 | €12,729 | €438 | -€12,291 | -96.6% |
| Taxes, remuneration and social security | 45 | €108,847 | €247,694 | +€138,847 | +128% |
| Taxes | 450/3 | €106,919 | €245,687 | +€138,768 | +130% |
| Remuneration and social security | 454/9 | €1,928 | €2,007 | +€79 | +4.1% |
| Other amounts payable | 47/48 | €73,667 | €110,652 | +€36,985 | +50.2% |
| Accrued charges and deferred income | 492/3 | €30,491 | - | -€30,491 | |
| Remuneration, social security and pensions | 62 | €9,486 | €9,291 | -€195 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,876 | €98,714 | +€13,838 | +16.3% |
| Other operating charges | 640/8 | €3,307 | €759 | -€2,548 | -77.0% |
| Gross operating margin | 9900 | €466,218 | €659,845 | +€193,627 | +41.5% |
| Operating profit (loss) | 9901 | €368,549 | €551,081 | +€182,532 | +49.5% |
| Financial income | 75/76B | €0 | €10,531 | +€10,531 | +5,265,460% |
| Recurring financial income | 75 | €0 | €10,531 | +€10,531 | +5,265,460% |
| Financial charges | 65/66B | €22,448 | €18,918 | -€3,530 | -15.7% |
| Recurring financial charges | 65 | €22,448 | €18,918 | -€3,530 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €346,101 | €542,694 | +€196,593 | +56.8% |
| Income taxes | 67/77 | €84,049 | €163,557 | +€79,509 | +94.6% |
| Profit (loss) for the period | 9904 | €262,053 | €379,137 | +€117,084 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €262,053 | €379,137 | +€117,084 | +44.7% |
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 15 October 2026 via checked.be.