POL KIP: what changed
Two fiscal 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 KIP
Largest movements
- Tangible fixed assets -€49,292
down €49,292 (-4.5%), from €1.1m to €1.0m
of which Land and buildings: -€50,567
- Cash -€16,930
down €16,930 (-64.3%), from €26,347 to €9,417
mainly Debts after one year (-€68,306) and Investment in fixed assets (net) (-€14,448)
- Debts after one year -€68,306
down €68,306 (-10.3%), from €663,854 to €595,548
- Gross operating margin -€9,882
down €9,882 (-10.2%), from €97,280 to €87,398
- Depreciation -€5,374
down €5,374 (-7.8%), from €69,114 to €63,740
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 | €1,117,514 | €1,048,686 | -€68,828 | -6.2% |
| Fixed assets | 21/28 | €1,086,604 | €1,037,312 | -€49,292 | -4.5% |
| Tangible fixed assets | 22/27 | €1,086,604 | €1,037,312 | -€49,292 | -4.5% |
| Land and buildings | 22 | €1,071,715 | €1,021,148 | -€50,567 | -4.7% |
| Plant, machinery and equipment | 23 | €13,263 | €15,271 | +€2,008 | +15.1% |
| Furniture and vehicles | 24 | €1,627 | €894 | -€733 | -45.1% |
| Current assets | 29/58 | €30,910 | €11,374 | -€19,536 | -63.2% |
| Amounts receivable within one year | 40/41 | €2,874 | - | -€2,874 | |
| Trade receivables | 40 | €2,874 | - | -€2,874 | |
| Cash at bank and in hand | 54/58 | €26,347 | €9,417 | -€16,930 | -64.3% |
| Deferred charges and accrued income | 490/1 | €1,689 | €1,957 | +€268 | +15.9% |
| Total equity and liabilities | 10/49 | €1,117,514 | €1,048,686 | -€68,828 | -6.2% |
| Equity | 10/15 | €220,950 | €213,919 | -€7,031 | -3.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €195,950 | €188,919 | -€7,031 | -3.6% |
| Tax-exempt reserves | 132 | €105,768 | €99,158 | -€6,611 | -6.3% |
| Distributable reserves | 133 | €90,181 | €89,761 | -€420 | -0.5% |
| Provisions and deferred taxes | 16 | €26,442 | €24,789 | -€1,653 | -6.2% |
| Deferred taxes | 168 | €26,442 | €24,789 | -€1,653 | -6.2% |
| Amounts payable | 17/49 | €870,122 | €809,978 | -€60,145 | -6.9% |
| Amounts payable after more than one year | 17 | €663,854 | €595,548 | -€68,306 | -10.3% |
| Financial debts | 170/4 | €663,854 | €595,548 | -€68,306 | -10.3% |
| Amounts payable within one year | 42/48 | €206,269 | €211,399 | +€5,130 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €70,438 | €68,679 | -€1,759 | -2.5% |
| Trade debts | 44 | €1,064 | €238 | -€826 | -77.7% |
| Suppliers | 440/4 | €1,064 | €238 | -€826 | -77.7% |
| Taxes, remuneration and social security | 45 | €3,084 | €3,338 | +€254 | +8.3% |
| Taxes | 450/3 | €3,084 | €3,338 | +€254 | +8.3% |
| Other amounts payable | 47/48 | €131,683 | €139,144 | +€7,461 | +5.7% |
| Accrued charges and deferred income | 492/3 | - | €3,031 | +€3,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,114 | €63,740 | -€5,374 | -7.8% |
| Other operating charges | 640/8 | €8,818 | €8,609 | -€209 | -2.4% |
| Gross operating margin | 9900 | €97,280 | €87,398 | -€9,882 | -10.2% |
| Operating profit (loss) | 9901 | €19,349 | €15,049 | -€4,300 | -22.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €23,490 | €23,499 | +€9 | 0.0% |
| Recurring financial charges | 65 | €23,490 | €23,499 | +€9 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,142 | -€8,436 | -€4,294 | -103.7% |
| Transfer from deferred taxes | 780 | €1,653 | €1,653 | = | 0.0% |
| Income taxes | 67/77 | €385 | €247 | -€138 | -35.8% |
| Profit (loss) for the period | 9904 | -€2,874 | -€7,031 | -€4,156 | -144.6% |
| Transfer from tax-exempt reserves | 789 | €6,611 | €6,611 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,736 | -€420 | -€4,156 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.