POLAR LIGHTS DISTRIBUTION: 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 LIGHTS DISTRIBUTION
Largest movements
- Tangible fixed assets +€3,786
up €3,786 (+10.5%), from €35,908 to €39,695
of which Furniture and vehicles: +€3,373
- Cash -€1,195
down €1,195 (-97.7%), from €1,223 to €28
mainly Investment in fixed assets (net) (-€30,853) and Net result for the year (-€19,376)
- Other debts +€33,510
up €33,510 (+201%), from €16,655 to €50,165
- Profit (loss) carried forward -€19,376
down €19,376 (-80.7%), from -€24,002 to -€43,378
- Trade debts -€12,264
down €12,264 (-32.7%), from €37,460 to €25,196
- Tax, wage and social debts +€721
up €721 (+70.8%), from €1,019 to €1,740
- Gross operating margin -€15,439
down €15,439 (-66.2%), from €23,325 to €7,886
- Depreciation +€4,728
up €4,728 (+21.2%), from €22,339 to €27,067
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 | €37,131 | €39,723 | +€2,592 | +7.0% |
| Fixed assets | 21/28 | €35,908 | €39,695 | +€3,786 | +10.5% |
| Tangible fixed assets | 22/27 | €35,908 | €39,695 | +€3,786 | +10.5% |
| Furniture and vehicles | 24 | €35,908 | €39,282 | +€3,373 | +9.4% |
| Other tangible fixed assets | 26 | - | €413 | +€413 | |
| Current assets | 29/58 | €1,223 | €28 | -€1,195 | -97.7% |
| Cash at bank and in hand | 54/58 | €1,223 | €28 | -€1,195 | -97.7% |
| Total equity and liabilities | 10/49 | €37,131 | €39,723 | +€2,592 | +7.0% |
| Equity | 10/15 | -€18,002 | -€37,378 | -€19,376 | -108% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,002 | -€43,378 | -€19,376 | -80.7% |
| Amounts payable | 17/49 | €55,133 | €77,101 | +€21,968 | +39.8% |
| Amounts payable within one year | 42/48 | €55,133 | €77,101 | +€21,968 | +39.8% |
| Trade debts | 44 | €37,460 | €25,196 | -€12,264 | -32.7% |
| Suppliers | 440/4 | €37,460 | €25,196 | -€12,264 | -32.7% |
| Taxes, remuneration and social security | 45 | €1,019 | €1,740 | +€721 | +70.8% |
| Taxes | 450/3 | €1,019 | €1,740 | +€721 | +70.8% |
| Other amounts payable | 47/48 | €16,655 | €50,165 | +€33,510 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,339 | €27,067 | +€4,728 | +21.2% |
| Gross operating margin | 9900 | €23,325 | €7,886 | -€15,439 | -66.2% |
| Operating profit (loss) | 9901 | €986 | -€19,181 | -€20,167 | |
| Financial income | 75/76B | €16 | €3 | -€12 | -79.7% |
| Recurring financial income | 75 | €16 | €3 | -€12 | -79.7% |
| Financial charges | 65/66B | €173 | €197 | +€25 | +14.3% |
| Recurring financial charges | 65 | €173 | €197 | +€25 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €829 | -€19,375 | -€20,204 | |
| Income taxes | 67/77 | €0 | €1 | +€1 | +527% |
| Profit (loss) for the period | 9904 | €829 | -€19,376 | -€20,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €829 | -€19,376 | -€20,205 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.