POL QUALITY CONSTRUCT: 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 QUALITY CONSTRUCT
Largest movements
- Tangible fixed assets +€19,665
up €19,665 (+66.7%), from €29,480 to €49,145
of which Furniture and vehicles: +€25,983
- Cash -€18,304
down €18,304 (-69.5%), from €26,349 to €8,045
mainly Investment in fixed assets (net) (-€33,445) and Receivables within one year (-€18,216)
- Receivables within one year +€18,216
up €18,216 (+70.2%), from €25,944 to €44,160
of which Trade receivables: +€17,237
- Stocks and contracts +€11,865
up €11,865 (+100.9%), from €11,754 to €23,619
of which Stocks: +€6,865
- Debts after one year +€21,471
up €21,471 (+6155.6%), from €349 to €21,820
- Trade debts +€7,317
up €7,317 (+130.6%), from €5,603 to €12,920
- Current portion of long-term debt +€7,010
up €7,010 (+171.5%), from €4,088 to €11,097
- Other debts -€2,108
down €2,108 (-21.5%), from €9,806 to €7,697
- Accrued charges and deferred income -€1,900
no longer reported in 2025 (was €1,900)
- Gross operating margin -€7,116
down €7,116 (-28.4%), from €25,078 to €17,962
- Taxes -€1,301
down €1,301 (-74.4%), from €1,747 to €447
- Depreciation +€609
up €609 (+4.6%), from €13,172 to €13,780
- Financial charges -€417
down €417 (-34.1%), from €1,223 to €806
- Financial income -€368
down €368 (-98.8%), from €372 to €5
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 | €97,592 | €129,196 | +€31,604 | +32.4% |
| Fixed assets | 21/28 | €29,555 | €49,220 | +€19,665 | +66.5% |
| Tangible fixed assets | 22/27 | €29,480 | €49,145 | +€19,665 | +66.7% |
| Plant, machinery and equipment | 23 | €9,953 | €7,400 | -€2,553 | -25.6% |
| Furniture and vehicles | 24 | €15,291 | €41,274 | +€25,983 | +169.9% |
| Leasing and similar rights | 25 | €4,237 | €471 | -€3,766 | -88.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €68,037 | €79,976 | +€11,939 | +17.5% |
| Stocks and contracts in progress | 3 | €11,754 | €23,619 | +€11,865 | +100.9% |
| Stocks | 30/36 | €11,754 | €18,619 | +€6,865 | +58.4% |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €25,944 | €44,160 | +€18,216 | +70.2% |
| Trade receivables | 40 | €21,188 | €38,425 | +€17,237 | +81.4% |
| Other amounts receivable | 41 | €4,757 | €5,735 | +€979 | +20.6% |
| Cash at bank and in hand | 54/58 | €26,349 | €8,045 | -€18,304 | -69.5% |
| Deferred charges and accrued income | 490/1 | €3,990 | €4,152 | +€162 | +4.1% |
| Total equity and liabilities | 10/49 | €97,592 | €129,196 | +€31,604 | +32.4% |
| Equity | 10/15 | €74,514 | €73,944 | -€571 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,860 | €66,860 | = | 0.0% |
| Distributable reserves | 133 | €66,860 | €66,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,454 | €884 | -€571 | -39.3% |
| Amounts payable | 17/49 | €23,078 | €55,253 | +€32,175 | +139.4% |
| Amounts payable after more than one year | 17 | €349 | €21,820 | +€21,471 | +6155.6% |
| Financial debts | 170/4 | €349 | €21,820 | +€21,471 | +6155.6% |
| Amounts payable within one year | 42/48 | €20,829 | €33,433 | +€12,604 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €4,088 | €11,097 | +€7,010 | +171.5% |
| Financial debts | 43 | €1,200 | €1,200 | = | 0.0% |
| Credit institutions | 430/8 | €1,200 | €1,200 | = | 0.0% |
| Trade debts | 44 | €5,603 | €12,920 | +€7,317 | +130.6% |
| Suppliers | 440/4 | €5,603 | €12,920 | +€7,317 | +130.6% |
| Taxes, remuneration and social security | 45 | €133 | €519 | +€385 | +289.5% |
| Taxes | 450/3 | €133 | €519 | +€385 | +289.5% |
| Other amounts payable | 47/48 | €9,806 | €7,697 | -€2,108 | -21.5% |
| Accrued charges and deferred income | 492/3 | €1,900 | - | -€1,900 | |
| Non-recurring operating income | 76A | €318 | - | -€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,172 | €13,780 | +€609 | +4.6% |
| Other operating charges | 640/8 | €1,726 | €1,805 | +€79 | +4.6% |
| Gross operating margin | 9900 | €25,078 | €17,962 | -€7,116 | -28.4% |
| Operating profit (loss) | 9901 | €10,181 | €2,377 | -€7,804 | -76.7% |
| Financial income | 75/76B | €372 | €5 | -€368 | -98.8% |
| Recurring financial income | 75 | €372 | €5 | -€368 | -98.8% |
| Financial charges | 65/66B | €1,223 | €806 | -€417 | -34.1% |
| Recurring financial charges | 65 | €1,223 | €806 | -€417 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €9,331 | €1,576 | -€7,755 | -83.1% |
| Income taxes | 67/77 | €1,747 | €447 | -€1,301 | -74.4% |
| Profit (loss) for the period | 9904 | €7,583 | €1,129 | -€6,454 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,583 | €1,129 | -€6,454 | -85.1% |
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 6 October 2026 via checked.be.