POLAR HOLDING: 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 HOLDING
Largest movements
- Cash -€68,921
down €68,921 (-62.2%), from €110,759 to €41,838
mainly Debts after one year (-€134,000) and Accrued charges and deferred income (-€12,356)
- Debts after one year -€134,000
down €134,000 (-28.9%), from €464,000 to €330,000
- Reserves +€67,250
up €67,250 (+57.0%), from €118,000 to €185,250
of which Distributable reserves: +€67,250
- Accrued charges and deferred income -€12,356
down €12,356 (-100%), from €12,356 to €0
- Other debts +€10,641
up €10,641 (+38.7%), from €27,500 to €38,141
- Financial income -€50,381
down €50,381 (-50.2%), from €100,381 to €50,000
- Gross operating margin -€27,208
down €27,208 (-38.3%), from €71,007 to €43,800
- Financial charges -€26,043
down €26,043 (-56.1%), from €46,433 to €20,390
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.
Derived cash bridge
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 | €775,691 | €706,741 | -€68,950 | -8.9% |
| Fixed assets | 21/28 | €655,000 | €655,000 | = | 0.0% |
| Financial fixed assets | 28 | €655,000 | €655,000 | = | 0.0% |
| Current assets | 29/58 | €120,691 | €51,741 | -€68,950 | -57.1% |
| Amounts receivable within one year | 40/41 | €9,680 | €9,680 | = | 0.0% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,759 | €41,838 | -€68,921 | -62.2% |
| Deferred charges and accrued income | 490/1 | €252 | €223 | -€29 | -11.5% |
| Total equity and liabilities | 10/49 | €775,691 | €706,741 | -€68,950 | -8.9% |
| Equity | 10/15 | €180,891 | €248,059 | +€67,168 | +37.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Contributions outside capital | 11 | €62,500 | €62,500 | = | 0.0% |
| Other | 1109/19 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €118,000 | €185,250 | +€67,250 | +57.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €111,750 | €179,000 | +€67,250 | +60.2% |
| Profit (loss) carried forward | 14 | €391 | €309 | -€82 | -20.9% |
| Amounts payable | 17/49 | €594,800 | €458,682 | -€136,118 | -22.9% |
| Amounts payable after more than one year | 17 | €464,000 | €330,000 | -€134,000 | -28.9% |
| Financial debts | 170/4 | €464,000 | €330,000 | -€134,000 | -28.9% |
| Amounts payable within one year | 42/48 | €118,444 | €128,682 | +€10,238 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €84,000 | €84,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,944 | €6,541 | -€403 | -5.8% |
| Taxes | 450/3 | €6,944 | €6,541 | -€403 | -5.8% |
| Other amounts payable | 47/48 | €27,500 | €38,141 | +€10,641 | +38.7% |
| Accrued charges and deferred income | 492/3 | €12,356 | €0 | -€12,356 | -100% |
| Other operating charges | 640/8 | €434 | €519 | +€85 | +19.5% |
| Gross operating margin | 9900 | €71,007 | €43,800 | -€27,208 | -38.3% |
| Operating profit (loss) | 9901 | €70,573 | €43,281 | -€27,292 | -38.7% |
| Financial income | 75/76B | €100,381 | €50,000 | -€50,381 | -50.2% |
| Recurring financial income | 75 | €100,381 | €50,000 | -€50,381 | -50.2% |
| Financial charges | 65/66B | €46,433 | €20,390 | -€26,043 | -56.1% |
| Recurring financial charges | 65 | €46,433 | €20,390 | -€26,043 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €124,521 | €72,891 | -€51,631 | -41.5% |
| Income taxes | 67/77 | €6,130 | €5,723 | -€408 | -6.6% |
| Profit (loss) for the period | 9904 | €118,391 | €67,168 | -€51,223 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,391 | €67,168 | -€51,223 | -43.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.