Polaris: 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.
Polaris
Largest movements
- Cash +€80,899
up €80,899 (+55.8%), from €144,864 to €225,763
mainly Net result for the year (+€73,348) and Other debts (+€10,742)
- Profit (loss) carried forward +€58,348
up €58,348 (+46.2%), from €126,252 to €184,599
- Other debts +€10,742
up €10,742 (+1,668%), from €644 to €11,386
- Tax, wage and social debts +€8,394
up €8,394 (+19.7%), from €42,681 to €51,076
of which Taxes: +€8,304
- Trade debts +€3,059
up €3,059 (+694%), from €441 to €3,500
- Gross operating margin -€16,340
down €16,340 (-15.0%), from €108,602 to €92,262
- Taxes -€3,810
down €3,810 (-17.0%), from €22,459 to €18,650
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 | €175,018 | €255,560 | +€80,543 | +46.0% |
| Fixed assets | 21/28 | - | €818 | +€818 | |
| Tangible fixed assets | 22/27 | - | €818 | +€818 | |
| Furniture and vehicles | 24 | - | €818 | +€818 | |
| Current assets | 29/58 | €175,018 | €254,743 | +€79,725 | +45.6% |
| Amounts receivable within one year | 40/41 | €29,887 | €28,707 | -€1,180 | -3.9% |
| Trade receivables | 40 | €29,887 | €28,707 | -€1,180 | -3.9% |
| Cash at bank and in hand | 54/58 | €144,864 | €225,763 | +€80,899 | +55.8% |
| Deferred charges and accrued income | 490/1 | €266 | €272 | +€6 | +2.1% |
| Total equity and liabilities | 10/49 | €175,018 | €255,560 | +€80,543 | +46.0% |
| Equity | 10/15 | €131,252 | €189,599 | +€58,348 | +44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,252 | €184,599 | +€58,348 | +46.2% |
| Amounts payable | 17/49 | €43,766 | €65,961 | +€22,195 | +50.7% |
| Amounts payable within one year | 42/48 | €43,766 | €65,961 | +€22,195 | +50.7% |
| Trade debts | 44 | €441 | €3,500 | +€3,059 | +694% |
| Suppliers | 440/4 | €441 | €3,500 | +€3,059 | +694% |
| Taxes, remuneration and social security | 45 | €42,681 | €51,076 | +€8,394 | +19.7% |
| Taxes | 450/3 | €42,681 | €50,986 | +€8,304 | +19.5% |
| Remuneration and social security | 454/9 | - | €90 | +€90 | |
| Other amounts payable | 47/48 | €644 | €11,386 | +€10,742 | +1,668% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16 | +€16 | |
| Gross operating margin | 9900 | €108,602 | €92,262 | -€16,340 | -15.0% |
| Operating profit (loss) | 9901 | €108,602 | €92,246 | -€16,355 | -15.1% |
| Financial charges | 65/66B | €148 | €249 | +€101 | +67.9% |
| Recurring financial charges | 65 | €148 | €249 | +€101 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €108,453 | €91,997 | -€16,456 | -15.2% |
| Income taxes | 67/77 | €22,459 | €18,650 | -€3,810 | -17.0% |
| Profit (loss) for the period | 9904 | €85,994 | €73,348 | -€12,646 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,994 | €73,348 | -€12,646 | -14.7% |
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 29 October 2026 via checked.be.