POLAR: 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.
POLAR
Largest movements
- Cash +€19,693
up €19,693 (+154.6%), from €12,739 to €32,432
mainly Net result for the year (+€10,856) and Trade debts (+€7,879)
- Receivables within one year +€804
up €804 (+69.8%), from €1,153 to €1,957
of which Trade receivables: +€1,667
- Stocks and contracts +€637
up €637 (+8.0%), from €7,947 to €8,585
- Profit (loss) carried forward +€10,856
up €10,856 (+15.1%), from -€71,826 to -€60,971
- Trade debts +€7,879
up €7,879 (+96.4%), from €8,171 to €16,050
- Tax, wage and social debts +€5,310
up €5,310 (+212.6%), from €2,497 to €7,808
of which Taxes: +€6,432
- Other debts -€2,998
down €2,998 (-5.6%), from €53,227 to €50,229
- Purchases and services -€48,139
no longer reported in 2022 (was €48,139)
- Taxes -€17,951
no longer reported in 2022 (was €17,951)
- Staff costs +€10,313
up €10,313 (+78.0%), from €13,226 to €23,539
- Gross operating margin -€4,403
down €4,403 (-10.6%), from €41,398 to €36,994
- Financial charges +€1,042
up €1,042 (+632.3%), from €165 to €1,207
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,697 | €43,743 | +€21,047 | +92.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €22,697 | €43,743 | +€21,047 | +92.7% |
| Stocks and contracts in progress | 3 | €7,947 | €8,585 | +€637 | +8.0% |
| Stocks | 30/36 | €7,947 | €8,585 | +€637 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,153 | €1,957 | +€804 | +69.8% |
| Trade receivables | 40 | €289 | €1,957 | +€1,667 | +576.6% |
| Other amounts receivable | 41 | €863 | - | -€863 | |
| Cash at bank and in hand | 54/58 | €12,739 | €32,432 | +€19,693 | +154.6% |
| Deferred charges and accrued income | 490/1 | €858 | €771 | -€87 | -10.2% |
| Total equity and liabilities | 10/49 | €22,697 | €43,743 | +€21,047 | +92.7% |
| Equity | 10/15 | -€41,199 | -€30,343 | +€10,856 | +26.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €10,627 | €10,627 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €8,148 | €8,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,826 | -€60,971 | +€10,856 | +15.1% |
| Amounts payable | 17/49 | €63,896 | €74,087 | +€10,191 | +15.9% |
| Amounts payable within one year | 42/48 | €63,896 | €74,087 | +€10,191 | +15.9% |
| Trade debts | 44 | €8,171 | €16,050 | +€7,879 | +96.4% |
| Suppliers | 440/4 | €8,171 | €16,050 | +€7,879 | +96.4% |
| Taxes, remuneration and social security | 45 | €2,497 | €7,808 | +€5,310 | +212.6% |
| Taxes | 450/3 | €1,376 | €7,808 | +€6,432 | +467.5% |
| Remuneration and social security | 454/9 | €1,122 | - | -€1,122 | |
| Other amounts payable | 47/48 | €53,227 | €50,229 | -€2,998 | -5.6% |
| Non-recurring operating income | 76A | €4,466 | - | -€4,466 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,139 | - | -€48,139 | |
| Remuneration, social security and pensions | 62 | €13,226 | €23,539 | +€10,313 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91 | - | -€91 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €584 | €1,393 | +€810 | +138.8% |
| Gross operating margin | 9900 | €41,398 | €36,994 | -€4,403 | -10.6% |
| Operating profit (loss) | 9901 | €27,497 | €12,061 | -€15,436 | -56.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €165 | €1,207 | +€1,042 | +632.3% |
| Recurring financial charges | 65 | €165 | €1,207 | +€1,042 | +632.3% |
| Profit (loss) for the period before taxes | 9903 | €27,333 | €10,856 | -€16,477 | -60.3% |
| Income taxes | 67/77 | €17,951 | - | -€17,951 | |
| Profit (loss) for the period | 9904 | €9,382 | €10,856 | +€1,474 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,382 | €10,856 | +€1,474 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.