POL POL POL: what changed
POL POL POL
Largest movements
- Receivables within one year +€16,694
up €16,694 (+209%), from €7,971 to €24,666
of which Trade receivables: +€19,328
- Cash +€5,057
up €5,057 (+189%), from €2,671 to €7,728
mainly Trade debts (+€13,302) and Tax, wage and social debts (+€4,511)
- Tangible fixed assets -€3,568
down €3,568 (-31.9%), from €11,177 to €7,609
of which Furniture and vehicles: -€1,785
- Financial fixed assets +€1,800
up €1,800 (+360%), from €500 to €2,300
- Trade debts +€13,302
up €13,302 (+473%), from €2,811 to €16,112
- Tax, wage and social debts +€4,511
up €4,511 (+303%), from €1,487 to €5,999
- Other debts +€2,089
up €2,089 (+17.3%), from €12,095 to €14,184
- Gross operating margin -€2,362
down €2,362 (-30.6%), from €7,713 to €5,351
- Other operating charges +€1,026
new in 2025: €1,026
- Taxes -€885
down €885 (-59.5%), from €1,487 to €602
- Financial charges -€193
down €193 (-72.0%), from €268 to €75
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,320 | €42,302 | +€19,983 | +89.5% |
| Fixed assets | 21/28 | €11,677 | €9,909 | -€1,768 | -15.1% |
| Tangible fixed assets | 22/27 | €11,177 | €7,609 | -€3,568 | -31.9% |
| Plant, machinery and equipment | 23 | €6,853 | €5,070 | -€1,783 | -26.0% |
| Furniture and vehicles | 24 | €4,324 | €2,539 | -€1,785 | -41.3% |
| Financial fixed assets | 28 | €500 | €2,300 | +€1,800 | +360% |
| Current assets | 29/58 | €10,643 | €32,394 | +€21,751 | +204% |
| Amounts receivable within one year | 40/41 | €7,971 | €24,666 | +€16,694 | +209% |
| Trade receivables | 40 | €5,338 | €24,666 | +€19,328 | +362% |
| Other amounts receivable | 41 | €2,634 | - | -€2,634 | |
| Cash at bank and in hand | 54/58 | €2,671 | €7,728 | +€5,057 | +189% |
| Total equity and liabilities | 10/49 | €22,320 | €42,302 | +€19,983 | +89.5% |
| Equity | 10/15 | €5,927 | €6,007 | +€80 | +1.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €2,427 | €2,427 | = | 0.0% |
| Distributable reserves | 133 | €2,427 | €2,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €80 | +€80 | |
| Amounts payable | 17/49 | €16,393 | €36,295 | +€19,903 | +121% |
| Amounts payable within one year | 42/48 | €16,393 | €36,295 | +€19,903 | +121% |
| Trade debts | 44 | €2,811 | €16,112 | +€13,302 | +473% |
| Suppliers | 440/4 | €2,811 | €16,112 | +€13,302 | +473% |
| Taxes, remuneration and social security | 45 | €1,487 | €5,999 | +€4,511 | +303% |
| Taxes | 450/3 | €1,487 | €5,999 | +€4,511 | +303% |
| Other amounts payable | 47/48 | €12,095 | €14,184 | +€2,089 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,531 | €3,568 | +€37 | +1.1% |
| Other operating charges | 640/8 | - | €1,026 | +€1,026 | |
| Gross operating margin | 9900 | €7,713 | €5,351 | -€2,362 | -30.6% |
| Operating profit (loss) | 9901 | €4,182 | €757 | -€3,425 | -81.9% |
| Financial charges | 65/66B | €268 | €75 | -€193 | -72.0% |
| Recurring financial charges | 65 | €268 | €75 | -€193 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €3,915 | €682 | -€3,233 | -82.6% |
| Income taxes | 67/77 | €1,487 | €602 | -€885 | -59.5% |
| Profit (loss) for the period | 9904 | €2,427 | €80 | -€2,347 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,427 | €80 | -€2,347 | -96.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.