J.POLUS: 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.
J.POLUS
Largest movements
- Tangible fixed assets +€22,263
up €22,263 (+4.9%), from €457,829 to €480,092
of which Plant, machinery and equipment: +€41,506
- Receivables within one year +€20,598
up €20,598 (+390%), from €5,278 to €25,876
of which Other amounts receivable: +€15,540
- Cash +€19,539
up €19,539 (+4.2%), from €469,582 to €489,121
mainly Net result for the year (+€122,841) and Depreciation (+€25,237)
- Reserves +€110,000
up €110,000 (+23.2%), from €474,000 to €584,000
- Debts after one year -€25,400
down €25,400 (-8.9%), from €286,380 to €260,980
- Trade debts -€15,703
down €15,703 (-84.1%), from €18,680 to €2,977
- Revaluation surpluses -€14,526
down €14,526 (-55.5%), from €26,187 to €11,661
- Profit (loss) carried forward +€12,841
up €12,841 (+15.8%), from €81,412 to €94,253
- Gross operating margin +€29,471
up €29,471 (+17.1%), from €172,807 to €202,278
- Depreciation +€7,739
up €7,739 (+44.2%), from €17,498 to €25,237
- Taxes +€4,714
up €4,714 (+10.4%), from €45,156 to €49,870
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 | €937,006 | €999,406 | +€62,400 | +6.7% |
| Fixed assets | 21/28 | €462,146 | €484,409 | +€22,263 | +4.8% |
| Tangible fixed assets | 22/27 | €457,829 | €480,092 | +€22,263 | +4.9% |
| Land and buildings | 22 | €387,920 | €377,952 | -€9,968 | -2.6% |
| Plant, machinery and equipment | 23 | €29,975 | €71,481 | +€41,506 | +138% |
| Furniture and vehicles | 24 | €39,934 | €30,659 | -€9,275 | -23.2% |
| Financial fixed assets | 28 | €4,317 | €4,317 | = | 0.0% |
| Current assets | 29/58 | €474,860 | €514,997 | +€40,137 | +8.5% |
| Amounts receivable within one year | 40/41 | €5,278 | €25,876 | +€20,598 | +390% |
| Trade receivables | 40 | - | €5,058 | +€5,058 | |
| Other amounts receivable | 41 | €5,278 | €20,818 | +€15,540 | +294% |
| Cash at bank and in hand | 54/58 | €469,582 | €489,121 | +€19,539 | +4.2% |
| Total equity and liabilities | 10/49 | €937,006 | €999,406 | +€62,400 | +6.7% |
| Equity | 10/15 | €585,599 | €693,914 | +€108,315 | +18.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Revaluation surpluses | 12 | €26,187 | €11,661 | -€14,526 | -55.5% |
| Reserves | 13 | €474,000 | €584,000 | +€110,000 | +23.2% |
| Distributable reserves | 133 | €474,000 | €584,000 | +€110,000 | +23.2% |
| Profit (loss) carried forward | 14 | €81,412 | €94,253 | +€12,841 | +15.8% |
| Amounts payable | 17/49 | €351,407 | €305,492 | -€45,915 | -13.1% |
| Amounts payable after more than one year | 17 | €286,380 | €260,980 | -€25,400 | -8.9% |
| Financial debts | 170/4 | €286,380 | €260,980 | -€25,400 | -8.9% |
| Amounts payable within one year | 42/48 | €65,027 | €44,512 | -€20,515 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €28,168 | €26,441 | -€1,727 | -6.1% |
| Trade debts | 44 | €18,680 | €2,977 | -€15,703 | -84.1% |
| Suppliers | 440/4 | €18,680 | €2,977 | -€15,703 | -84.1% |
| Taxes, remuneration and social security | 45 | €10,279 | €13,044 | +€2,765 | +26.9% |
| Taxes | 450/3 | €10,279 | €13,044 | +€2,765 | +26.9% |
| Other amounts payable | 47/48 | €7,900 | €2,050 | -€5,850 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,498 | €25,237 | +€7,739 | +44.2% |
| Other operating charges | 640/8 | €2,346 | €2,473 | +€127 | +5.4% |
| Gross operating margin | 9900 | €172,807 | €202,278 | +€29,471 | +17.1% |
| Operating profit (loss) | 9901 | €152,963 | €174,568 | +€21,605 | +14.1% |
| Financial income | 75/76B | €4,092 | €3,953 | -€139 | -3.4% |
| Recurring financial income | 75 | €630 | €3,953 | +€3,323 | +527% |
| Non-recurring financial income | 76B | €3,462 | - | -€3,462 | |
| Financial charges | 65/66B | €6,354 | €5,810 | -€544 | -8.6% |
| Recurring financial charges | 65 | €6,354 | €5,810 | -€544 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €150,701 | €172,711 | +€22,010 | +14.6% |
| Income taxes | 67/77 | €45,156 | €49,870 | +€4,714 | +10.4% |
| Profit (loss) for the period | 9904 | €105,545 | €122,841 | +€17,296 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,545 | €122,841 | +€17,296 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.