POLAR SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€37,019
up €37,019 (+1,921%), from €1,927 to €38,947
mainly Debts after one year (+€55,200) and Receivables within one year (+€11,438)
- Receivables within one year -€11,438
down €11,438 (-50.9%), from €22,453 to €11,015
of which Trade receivables: -€12,729
- Tangible fixed assets -€1,000
down €1,000 (-65.0%), from €1,539 to €539
- Deferred charges and accrued income +€986
up €986 (+115%), from €858 to €1,844
- Debts after one year +€55,200
new in 2025: €55,200
- Trade debts -€48,142
down €48,142 (-71.9%), from €66,921 to €18,780
- Advances received +€10,763
new in 2025: €10,763
- Current portion of long-term debt +€8,800
new in 2025: €8,800
- Tax, wage and social debts -€2,163
down €2,163 (-76.9%), from €2,813 to €649
- Gross operating margin +€54,910
up €54,910, from -€43,760 to €11,151
- Financial charges +€7,866
up €7,866 (+818%), from €962 to €8,827
- Other operating charges -€1,046
down €1,046 (-54.3%), from €1,927 to €881
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 | €26,777 | €52,345 | +€25,568 | +95.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,539 | €539 | -€1,000 | -65.0% |
| Tangible fixed assets | 22/27 | €1,539 | €539 | -€1,000 | -65.0% |
| Plant, machinery and equipment | 23 | €1,539 | €539 | -€1,000 | -65.0% |
| Current assets | 29/58 | €25,239 | €51,806 | +€26,567 | +105% |
| Amounts receivable within one year | 40/41 | €22,453 | €11,015 | -€11,438 | -50.9% |
| Trade receivables | 40 | €20,539 | €7,810 | -€12,729 | -62.0% |
| Other amounts receivable | 41 | €1,914 | €3,205 | +€1,292 | +67.5% |
| Cash at bank and in hand | 54/58 | €1,927 | €38,947 | +€37,019 | +1,921% |
| Deferred charges and accrued income | 490/1 | €858 | €1,844 | +€986 | +115% |
| Total equity and liabilities | 10/49 | €26,777 | €52,345 | +€25,568 | +95.5% |
| Equity | 10/15 | -€43,406 | -€43,241 | +€165 | +0.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,606 | -€45,441 | +€165 | +0.4% |
| Amounts payable | 17/49 | €70,183 | €95,586 | +€25,402 | +36.2% |
| Amounts payable after more than one year | 17 | - | €55,200 | +€55,200 | |
| Financial debts | 170/4 | - | €55,200 | +€55,200 | |
| Amounts payable within one year | 42/48 | €70,078 | €40,386 | -€29,692 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,800 | +€8,800 | |
| Trade debts | 44 | €66,921 | €18,780 | -€48,142 | -71.9% |
| Suppliers | 440/4 | €66,921 | €18,780 | -€48,142 | -71.9% |
| Advances received on contracts in progress | 46 | - | €10,763 | +€10,763 | |
| Taxes, remuneration and social security | 45 | €2,813 | €649 | -€2,163 | -76.9% |
| Taxes | 450/3 | €2,813 | €649 | -€2,163 | -76.9% |
| Other amounts payable | 47/48 | €344 | €1,394 | +€1,050 | +305% |
| Accrued charges and deferred income | 492/3 | €106 | €0 | -€106 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,390 | €1,000 | -€390 | -28.1% |
| Other operating charges | 640/8 | €1,927 | €881 | -€1,046 | -54.3% |
| Gross operating margin | 9900 | -€43,760 | €11,151 | +€54,910 | |
| Operating profit (loss) | 9901 | -€47,077 | €9,270 | +€56,347 | |
| Financial income | 75/76B | €0 | €316 | +€316 | +64,453% |
| Recurring financial income | 75 | €0 | €316 | +€316 | +64,453% |
| Financial charges | 65/66B | €962 | €8,827 | +€7,866 | +818% |
| Recurring financial charges | 65 | €962 | €8,827 | +€7,866 | +818% |
| Profit (loss) for the period before taxes | 9903 | -€48,038 | €759 | +€48,797 | |
| Income taxes | 67/77 | €464 | €593 | +€129 | +27.8% |
| Profit (loss) for the period | 9904 | -€48,502 | €165 | +€48,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,502 | €165 | +€48,668 |
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 28 October 2026 via checked.be.