POLARFOX DIGITAL: 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.
POLARFOX DIGITAL
Largest movements
- Deferred charges and accrued income +€2,835
new in 2025: €2,835
- Cash +€2,665
up €2,665 (+33.5%), from €7,967 to €10,631
mainly Net result for the year (+€8,046) and Depreciation (+€4,675)
- Intangible fixed assets -€2,600
down €2,600 (-11.4%), from €22,903 to €20,303
- Tangible fixed assets +€1,903
up €1,903 (+39.7%), from €4,788 to €6,692
of which Other tangible fixed assets: +€3,065
- Receivables within one year +€1,812
up €1,812 (+374%), from €484 to €2,296
of which Trade receivables: +€1,203
- Profit (loss) carried forward +€7,213
up €7,213 (+132%), from €5,446 to €12,659
- Other debts -€2,690
down €2,690 (-11.3%), from €23,892 to €21,202
- Tax, wage and social debts +€2,618
up €2,618 (+205%), from €1,277 to €3,895
- Trade debts -€527
no longer reported in 2025 (was €527)
- Gross operating margin +€4,468
up €4,468 (+41.0%), from €10,897 to €15,365
- Taxes +€1,455
up €1,455 (+155%), from €937 to €2,392
- Depreciation +€375
up €375 (+8.7%), from €4,301 to €4,675
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 | €36,142 | €42,757 | +€6,615 | +18.3% |
| Fixed assets | 21/28 | €27,691 | €26,994 | -€697 | -2.5% |
| Intangible fixed assets | 21 | €22,903 | €20,303 | -€2,600 | -11.4% |
| Tangible fixed assets | 22/27 | €4,788 | €6,692 | +€1,903 | +39.7% |
| Furniture and vehicles | 24 | €4,788 | €3,627 | -€1,162 | -24.3% |
| Other tangible fixed assets | 26 | - | €3,065 | +€3,065 | |
| Current assets | 29/58 | €8,451 | €15,762 | +€7,312 | +86.5% |
| Amounts receivable within one year | 40/41 | €484 | €2,296 | +€1,812 | +374% |
| Trade receivables | 40 | €484 | €1,688 | +€1,203 | +248% |
| Other amounts receivable | 41 | - | €608 | +€608 | |
| Cash at bank and in hand | 54/58 | €7,967 | €10,631 | +€2,665 | +33.5% |
| Deferred charges and accrued income | 490/1 | - | €2,835 | +€2,835 | |
| Total equity and liabilities | 10/49 | €36,142 | €42,757 | +€6,615 | +18.3% |
| Equity | 10/15 | €10,446 | €17,659 | +€7,213 | +69.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,446 | €12,659 | +€7,213 | +132% |
| Amounts payable | 17/49 | €25,696 | €25,097 | -€599 | -2.3% |
| Amounts payable within one year | 42/48 | €25,696 | €25,097 | -€599 | -2.3% |
| Trade debts | 44 | €527 | - | -€527 | |
| Suppliers | 440/4 | €527 | - | -€527 | |
| Taxes, remuneration and social security | 45 | €1,277 | €3,895 | +€2,618 | +205% |
| Taxes | 450/3 | €1,277 | €3,895 | +€2,618 | +205% |
| Other amounts payable | 47/48 | €23,892 | €21,202 | -€2,690 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €4,675 | +€375 | +8.7% |
| Other operating charges | 640/8 | €159 | €101 | -€58 | -36.6% |
| Gross operating margin | 9900 | €10,897 | €15,365 | +€4,468 | +41.0% |
| Operating profit (loss) | 9901 | €6,437 | €10,589 | +€4,152 | +64.5% |
| Financial income | 75/76B | €93 | €15 | -€77 | -83.4% |
| Recurring financial income | 75 | €93 | €15 | -€77 | -83.4% |
| Financial charges | 65/66B | €147 | €166 | +€19 | +12.9% |
| Recurring financial charges | 65 | €147 | €166 | +€19 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €6,383 | €10,438 | +€4,056 | +63.5% |
| Income taxes | 67/77 | €937 | €2,392 | +€1,455 | +155% |
| Profit (loss) for the period | 9904 | €5,446 | €8,046 | +€2,600 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,446 | €8,046 | +€2,600 | +47.7% |
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.