POLAR WIND: 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 WIND
Largest movements
- Receivables within one year -€11,852
down €11,852 (-84.3%), from €14,056 to €2,204
of which Trade receivables: -€13,456
- Tangible fixed assets -€7,013
down €7,013 (-65.2%), from €10,752 to €3,739
of which Leasing and similar rights: -€5,439
- Cash -€4,953
down €4,953 (-98.0%), from €5,055 to €102
mainly Net result for the year (-€27,114) and Tax, wage and social debts (-€6,338)
- Profit (loss) carried forward -€27,114
down €27,114, from €7,584 to -€19,530
- Other debts +€12,966
up €12,966 (+211.6%), from €6,127 to €19,093
- Tax, wage and social debts -€6,338
down €6,338 (-70.3%), from €9,019 to €2,681
- Current portion of long-term debt -€3,954
no longer reported in 2025 (was €3,954)
- Trade debts +€634
new in 2025: €634
- Gross operating margin -€36,723
down €36,723, from €19,528 to -€17,195
- Taxes -€2,417
down €2,417 (-94.8%), from €2,549 to €132
- Financial charges +€1,335
up €1,335 (+233.4%), from €572 to €1,907
- Other operating charges -€548
down €548 (-37.4%), from €1,464 to €916
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.
Cash bridge derived
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 | €30,684 | €6,878 | -€23,806 | -77.6% |
| Fixed assets | 21/28 | €10,802 | €3,789 | -€7,013 | -64.9% |
| Tangible fixed assets | 22/27 | €10,752 | €3,739 | -€7,013 | -65.2% |
| Furniture and vehicles | 24 | €2,614 | €1,040 | -€1,574 | -60.2% |
| Leasing and similar rights | 25 | €8,138 | €2,699 | -€5,439 | -66.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €19,882 | €3,089 | -€16,793 | -84.5% |
| Amounts receivable within one year | 40/41 | €14,056 | €2,204 | -€11,852 | -84.3% |
| Trade receivables | 40 | €13,502 | €46 | -€13,456 | -99.7% |
| Other amounts receivable | 41 | €554 | €2,158 | +€1,604 | +289.5% |
| Cash at bank and in hand | 54/58 | €5,055 | €102 | -€4,953 | -98.0% |
| Deferred charges and accrued income | 490/1 | €771 | €783 | +€12 | +1.6% |
| Total equity and liabilities | 10/49 | €30,684 | €6,878 | -€23,806 | -77.6% |
| Equity | 10/15 | €11,584 | -€15,530 | -€27,114 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,584 | -€19,530 | -€27,114 | |
| Amounts payable | 17/49 | €19,100 | €22,408 | +€3,308 | +17.3% |
| Amounts payable within one year | 42/48 | €19,100 | €22,408 | +€3,308 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €3,954 | - | -€3,954 | |
| Trade debts | 44 | - | €634 | +€634 | |
| Suppliers | 440/4 | - | €634 | +€634 | |
| Taxes, remuneration and social security | 45 | €9,019 | €2,681 | -€6,338 | -70.3% |
| Taxes | 450/3 | €9,019 | €2,681 | -€6,338 | -70.3% |
| Other amounts payable | 47/48 | €6,127 | €19,093 | +€12,966 | +211.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,013 | €7,013 | = | 0.0% |
| Other operating charges | 640/8 | €1,464 | €916 | -€548 | -37.4% |
| Gross operating margin | 9900 | €19,528 | -€17,195 | -€36,723 | |
| Operating profit (loss) | 9901 | €11,051 | -€25,124 | -€36,175 | |
| Financial income | 75/76B | €3 | €49 | +€46 | +1533.3% |
| Recurring financial income | 75 | €3 | €49 | +€46 | +1533.3% |
| Financial charges | 65/66B | €572 | €1,907 | +€1,335 | +233.4% |
| Recurring financial charges | 65 | €572 | €1,907 | +€1,335 | +233.4% |
| Profit (loss) for the period before taxes | 9903 | €10,482 | -€26,982 | -€37,464 | |
| Income taxes | 67/77 | €2,549 | €132 | -€2,417 | -94.8% |
| Profit (loss) for the period | 9904 | €7,933 | -€27,114 | -€35,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,933 | -€27,114 | -€35,047 |
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 9 October 2026 via checked.be.