POLAK CONSTRUCTION: 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.
POLAK CONSTRUCTION
Largest movements
- Receivables after one year -€8,612
no longer reported in 2024 (was €8,612)
- Receivables within one year -€6,905
down €6,905 (-27.5%), from €25,115 to €18,209
of which Trade receivables: -€10,471
- Cash +€3,928
up €3,928 (+38.6%), from €10,166 to €14,095
mainly Net result for the year (+€10,430) and Receivables after one year (+€8,612)
- Tangible fixed assets -€3,887
down €3,887 (-25.3%), from €15,384 to €11,497
of which Furniture and vehicles: -€3,602
- Trade debts -€12,315
down €12,315 (-78.3%), from €15,725 to €3,410
- Other debts +€7,538
new in 2024: €7,538
- Current portion of long-term debt -€7,466
no longer reported in 2024 (was €7,466)
- Reserves -€6,570
down €6,570 (-22.7%), from €28,969 to €22,400
of which Distributable reserves: -€6,570
- Tax, wage and social debts +€2,972
up €2,972 (+58.3%), from €5,095 to €8,067
of which Taxes: +€5,006
- Gross operating margin +€25,246
up €25,246, from -€2,270 to €22,976
- Taxes +€4,241
new in 2024: €4,241
- Depreciation +€425
up €425 (+6.3%), from €6,706 to €7,131
- Other operating charges -€340
down €340 (-45.7%), from €744 to €404
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,691 | €43,851 | -€15,841 | -26.5% |
| Fixed assets | 21/28 | €15,384 | €11,497 | -€3,887 | -25.3% |
| Tangible fixed assets | 22/27 | €15,384 | €11,497 | -€3,887 | -25.3% |
| Plant, machinery and equipment | 23 | €2,777 | €2,492 | -€285 | -10.3% |
| Furniture and vehicles | 24 | €12,607 | €9,005 | -€3,602 | -28.6% |
| Current assets | 29/58 | €44,307 | €32,354 | -€11,954 | -27.0% |
| Amounts receivable after more than one year | 29 | €8,612 | - | -€8,612 | |
| Other amounts receivable | 291 | €8,612 | - | -€8,612 | |
| Amounts receivable within one year | 40/41 | €25,115 | €18,209 | -€6,905 | -27.5% |
| Trade receivables | 40 | €24,188 | €13,718 | -€10,471 | -43.3% |
| Other amounts receivable | 41 | €926 | €4,492 | +€3,565 | +385.0% |
| Cash at bank and in hand | 54/58 | €10,166 | €14,095 | +€3,928 | +38.6% |
| Deferred charges and accrued income | 490/1 | €415 | €50 | -€365 | -88.1% |
| Total equity and liabilities | 10/49 | €59,691 | €43,851 | -€15,841 | -26.5% |
| Equity | 10/15 | €27,778 | €21,208 | -€6,570 | -23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,969 | €22,400 | -€6,570 | -22.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €22,609 | €16,040 | -€6,570 | -29.1% |
| Profit (loss) carried forward | 14 | -€7,391 | -€7,391 | = | 0.0% |
| Amounts payable | 17/49 | €31,913 | €22,642 | -€9,271 | -29.1% |
| Amounts payable after more than one year | 17 | €2,427 | €2,427 | = | 0.0% |
| Financial debts | 170/4 | €2,427 | €2,427 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,486 | €20,215 | -€9,271 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €7,466 | - | -€7,466 | |
| Trade debts | 44 | €15,725 | €3,410 | -€12,315 | -78.3% |
| Suppliers | 440/4 | €15,725 | €3,410 | -€12,315 | -78.3% |
| Advances received on contracts in progress | 46 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,095 | €8,067 | +€2,972 | +58.3% |
| Taxes | 450/3 | €85 | €5,091 | +€5,006 | +5891.8% |
| Remuneration and social security | 454/9 | €5,010 | €2,976 | -€2,034 | -40.6% |
| Other amounts payable | 47/48 | - | €7,538 | +€7,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,706 | €7,131 | +€425 | +6.3% |
| Other operating charges | 640/8 | €744 | €404 | -€340 | -45.7% |
| Non-recurring operating charges | 66A | €106 | - | -€106 | |
| Gross operating margin | 9900 | -€2,270 | €22,976 | +€25,246 | |
| Operating profit (loss) | 9901 | -€9,827 | €15,440 | +€25,267 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €587 | €769 | +€182 | +31.0% |
| Recurring financial charges | 65 | €587 | €769 | +€182 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,414 | €14,671 | +€25,085 | |
| Income taxes | 67/77 | - | €4,241 | +€4,241 | |
| Profit (loss) for the period | 9904 | -€10,414 | €10,430 | +€20,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,414 | €10,430 | +€20,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.