Polares Wealth: 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.
Polares Wealth
Largest movements
- Receivables within one year +€147,301
up €147,301 (+110%), from €133,489 to €280,790
of which Trade receivables: +€164,094
- Cash +€103,322
up €103,322 (+58.7%), from €176,049 to €279,371
mainly Debts after one year (+€106,295) and Contributions, distributions and other (+€101,503)
- Tangible fixed assets +€91,779
up €91,779 (+84.8%), from €108,268 to €200,047
of which Furniture and vehicles: +€63,457
- Reserves +€175,575
up €175,575 (+72.6%), from €241,944 to €417,519
of which Distributable reserves: +€181,575
- Debts after one year +€106,295
up €106,295 (+167%), from €63,646 to €169,941
- Trade debts +€58,536
up €58,536 (+329%), from €17,780 to €76,316
- Staff costs -€63,007
down €63,007 (-50.7%), from €124,258 to €61,250
- Gross operating margin -€36,235
down €36,235 (-15.2%), from €238,535 to €202,300
- Depreciation +€8,759
up €8,759 (+56.7%), from €15,439 to €24,197
- Financial charges +€5,148
up €5,148 (+201%), from €2,555 to €7,703
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 | €425,093 | €775,235 | +€350,142 | +82.4% |
| Fixed assets | 21/28 | €108,568 | €203,715 | +€95,148 | +87.6% |
| Intangible fixed assets | 21 | - | €3,006 | +€3,006 | |
| Tangible fixed assets | 22/27 | €108,268 | €200,047 | +€91,779 | +84.8% |
| Furniture and vehicles | 24 | €34,291 | €97,748 | +€63,457 | +185% |
| Other tangible fixed assets | 26 | €73,977 | €102,299 | +€28,322 | +38.3% |
| Financial fixed assets | 28 | €300 | €663 | +€363 | +121% |
| Current assets | 29/58 | €316,525 | €571,520 | +€254,994 | +80.6% |
| Amounts receivable within one year | 40/41 | €133,489 | €280,790 | +€147,301 | +110% |
| Trade receivables | 40 | €99,224 | €263,318 | +€164,094 | +165% |
| Other amounts receivable | 41 | €34,265 | €17,472 | -€16,793 | -49.0% |
| Cash at bank and in hand | 54/58 | €176,049 | €279,371 | +€103,322 | +58.7% |
| Deferred charges and accrued income | 490/1 | €6,988 | €11,359 | +€4,372 | +62.6% |
| Total equity and liabilities | 10/49 | €425,093 | €775,235 | +€350,142 | +82.4% |
| Equity | 10/15 | €301,944 | €483,819 | +€181,875 | +60.2% |
| Contributions | 10/11 | €60,000 | €66,300 | +€6,300 | +10.5% |
| Reserves | 13 | €241,944 | €417,519 | +€175,575 | +72.6% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | €235,944 | €417,519 | +€181,575 | +77.0% |
| Amounts payable | 17/49 | €123,149 | €291,416 | +€168,267 | +137% |
| Amounts payable after more than one year | 17 | €63,646 | €169,941 | +€106,295 | +167% |
| Financial debts | 170/4 | €63,646 | €169,941 | +€106,295 | +167% |
| Amounts payable within one year | 42/48 | €58,503 | €118,661 | +€60,158 | +103% |
| Current portion of amounts payable after more than one year | 42 | €21,719 | €19,054 | -€2,666 | -12.3% |
| Trade debts | 44 | €17,780 | €76,316 | +€58,536 | +329% |
| Suppliers | 440/4 | €17,780 | €76,316 | +€58,536 | +329% |
| Taxes, remuneration and social security | 45 | €15,744 | €22,954 | +€7,211 | +45.8% |
| Taxes | 450/3 | €5,542 | €15,137 | +€9,595 | +173% |
| Remuneration and social security | 454/9 | €10,201 | €7,817 | -€2,384 | -23.4% |
| Other amounts payable | 47/48 | €3,261 | €336 | -€2,924 | -89.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,815 | +€1,815 | +181% |
| Non-recurring operating income | 76A | - | €6,267 | +€6,267 | |
| Remuneration, social security and pensions | 62 | €124,258 | €61,250 | -€63,007 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,439 | €24,197 | +€8,759 | +56.7% |
| Other operating charges | 640/8 | €2,298 | €2,351 | +€53 | +2.3% |
| Non-recurring operating charges | 66A | - | €1,289 | +€1,289 | |
| Gross operating margin | 9900 | €238,535 | €202,300 | -€36,235 | -15.2% |
| Operating profit (loss) | 9901 | €96,541 | €113,212 | +€16,671 | +17.3% |
| Financial charges | 65/66B | €2,555 | €7,703 | +€5,148 | +201% |
| Recurring financial charges | 65 | €2,555 | €7,703 | +€5,148 | +201% |
| Profit (loss) for the period before taxes | 9903 | €93,986 | €105,510 | +€11,524 | +12.3% |
| Income taxes | 67/77 | €25,299 | €25,137 | -€162 | -0.6% |
| Profit (loss) for the period | 9904 | €68,687 | €80,372 | +€11,686 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,687 | €80,372 | +€11,686 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.