POL-DAR: 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.
POL-DAR
Largest movements
- Cash -€35,785
down €35,785 (-85.5%), from €41,844 to €6,058
mainly Receivables within one year (-€26,229) and Other debts (-€22,423)
- Receivables within one year +€26,229
up €26,229 (+92.6%), from €28,335 to €54,564
of which Trade receivables: +€27,413
- Tangible fixed assets -€12,411
down €12,411 (-27.0%), from €46,027 to €33,616
of which Furniture and vehicles: -€13,549
- Other debts -€22,423
down €22,423 (-68.9%), from €32,563 to €10,141
- Debts after one year -€12,288
down €12,288 (-38.8%), from €31,653 to €19,365
- Tax, wage and social debts +€8,088
up €8,088 (+78.6%), from €10,294 to €18,383
of which Remuneration and social security: +€13,500
- Trade debts +€6,247
up €6,247 (+1,808%), from €346 to €6,592
- Accrued charges and deferred income -€3,616
no longer reported in 2025 (was €3,616)
- Write-downs +€18,051
new in 2025: €18,051
- Gross operating margin +€4,908
up €4,908 (+14.6%), from €33,654 to €38,561
- Depreciation -€1,060
down €1,060 (-6.7%), from €15,849 to €14,789
- Financial charges -€484
down €484 (-17.7%), from €2,735 to €2,251
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 | €123,413 | €100,801 | -€22,612 | -18.3% |
| Fixed assets | 21/28 | €46,027 | €33,616 | -€12,411 | -27.0% |
| Tangible fixed assets | 22/27 | €46,027 | €33,616 | -€12,411 | -27.0% |
| Plant, machinery and equipment | 23 | €1,066 | €2,204 | +€1,138 | +107% |
| Furniture and vehicles | 24 | €44,961 | €31,413 | -€13,549 | -30.1% |
| Current assets | 29/58 | €77,386 | €67,185 | -€10,201 | -13.2% |
| Stocks and contracts in progress | 3 | €5,010 | €5,253 | +€243 | +4.9% |
| Stocks | 30/36 | €5,010 | €5,253 | +€243 | +4.9% |
| Amounts receivable within one year | 40/41 | €28,335 | €54,564 | +€26,229 | +92.6% |
| Trade receivables | 40 | €15,161 | €42,574 | +€27,413 | +181% |
| Other amounts receivable | 41 | €13,175 | €11,990 | -€1,184 | -9.0% |
| Cash at bank and in hand | 54/58 | €41,844 | €6,058 | -€35,785 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,197 | €1,309 | -€888 | -40.4% |
| Total equity and liabilities | 10/49 | €123,413 | €100,801 | -€22,612 | -18.3% |
| Equity | 10/15 | €32,131 | €34,033 | +€1,902 | +5.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,931 | €31,833 | +€1,902 | +6.4% |
| Amounts payable | 17/49 | €91,282 | €66,768 | -€24,514 | -26.9% |
| Amounts payable after more than one year | 17 | €31,653 | €19,365 | -€12,288 | -38.8% |
| Financial debts | 170/4 | €31,653 | €19,365 | -€12,288 | -38.8% |
| Amounts payable within one year | 42/48 | €56,013 | €47,403 | -€8,610 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €11,810 | €12,288 | +€477 | +4.0% |
| Trade debts | 44 | €346 | €6,592 | +€6,247 | +1,808% |
| Suppliers | 440/4 | €346 | €6,592 | +€6,247 | +1,808% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €10,294 | €18,383 | +€8,088 | +78.6% |
| Taxes | 450/3 | €6,094 | €683 | -€5,412 | -88.8% |
| Remuneration and social security | 454/9 | €4,200 | €17,700 | +€13,500 | +321% |
| Other amounts payable | 47/48 | €32,563 | €10,141 | -€22,423 | -68.9% |
| Accrued charges and deferred income | 492/3 | €3,616 | - | -€3,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,849 | €14,789 | -€1,060 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,051 | +€18,051 | |
| Other operating charges | 640/8 | €498 | €690 | +€192 | +38.5% |
| Non-recurring operating charges | 66A | €474 | €302 | -€172 | -36.2% |
| Gross operating margin | 9900 | €33,654 | €38,561 | +€4,908 | +14.6% |
| Operating profit (loss) | 9901 | €16,833 | €4,729 | -€12,103 | -71.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +675% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +675% |
| Financial charges | 65/66B | €2,735 | €2,251 | -€484 | -17.7% |
| Recurring financial charges | 65 | €2,735 | €2,251 | -€484 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €14,098 | €2,479 | -€11,619 | -82.4% |
| Income taxes | 67/77 | €626 | €521 | -€105 | -16.8% |
| Profit (loss) for the period | 9904 | €13,472 | €1,958 | -€11,513 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,472 | €1,958 | -€11,513 | -85.5% |
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 1 November 2026 via checked.be.