POLARIS COMPUTERS: 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.
What changed
POLARIS COMPUTERS
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€35,857
2024 · €41,457-€5,600
Equity
€234,281
2024 · €223,423+€10,857
Cash
€52,618
2024 · €48,191+€4,427
Balance sheet total
€451,012
2024 · €444,754+€6,259
Largest movements
Assets
- Current investments +€54,365
up €54,365 (+28.0%), from €193,854 to €248,220
- Receivables within one year -€53,365
down €53,365 (-40.9%), from €130,614 to €77,249
of which Trade receivables: -€55,175
Equity and liabilities
- Profit (loss) carried forward +€10,857
up €10,857 (+16.1%), from €67,281 to €78,138
Income statement
- Staff costs +€26,999
up €26,999 (+7.9%), from €343,670 to €370,669
- Gross operating margin +€24,895
up €24,895 (+5.8%), from €428,514 to €453,408
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.
Result 2024
€41,457
Gross operating margin
+€24,895
Staff costs
-€26,999
Depreciation
-€2,477
Other operating charges
+€13
Financial income
+€340
Financial charges
-€1,940
Taxes
+€567
Result 2025
€35,857
raises the resultlowers the result
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.
From operations
+€102,692
Investment
-€69,246
Financing
-€29,019
Cash 2024
€48,191
From operations (derived)
+€102,692
Net result for the year
+€35,857
Depreciation
+€12,733
Stocks and contracts
+€1,316
Receivables within one year
+€53,365
Trade debts
-€887
Tax, wage and social debts
+€307
Investment (derived)
-€69,246
Investment in fixed assets (net)
-€14,881
Current investments
-€54,365
Financing
-€29,019
Debts after one year
-€3,842
Current portion of long-term debt
-€177
Contributions, distributions and other
-€25,000
Cash 2025
€52,618
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,754 | €451,012 | +€6,259 | +1.4% |
| Fixed assets | 21/28 | €41,392 | €43,540 | +€2,147 | +5.2% |
| Tangible fixed assets | 22/27 | €40,881 | €43,029 | +€2,147 | +5.3% |
| Furniture and vehicles | 24 | €19,434 | €25,178 | +€5,745 | +29.6% |
| Other tangible fixed assets | 26 | €21,448 | €17,850 | -€3,597 | -16.8% |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €403,361 | €407,472 | +€4,111 | +1.0% |
| Stocks and contracts in progress | 3 | €30,702 | €29,386 | -€1,316 | -4.3% |
| Stocks | 30/36 | €30,702 | €29,386 | -€1,316 | -4.3% |
| Amounts receivable within one year | 40/41 | €130,614 | €77,249 | -€53,365 | -40.9% |
| Trade receivables | 40 | €130,614 | €75,439 | -€55,175 | -42.2% |
| Other amounts receivable | 41 | - | €1,810 | +€1,810 | |
| Current investments | 50/53 | €193,854 | €248,220 | +€54,365 | +28.0% |
| Cash at bank and in hand | 54/58 | €48,191 | €52,618 | +€4,427 | +9.2% |
| Total equity and liabilities | 10/49 | €444,754 | €451,012 | +€6,259 | +1.4% |
| Equity | 10/15 | €223,423 | €234,281 | +€10,857 | +4.9% |
| Contributions | 10/11 | €65,042 | €65,042 | = | 0.0% |
| Capital | 10 | €65,042 | €65,042 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Uncalled capital | 101 | €4,958 | €4,958 | = | 0.0% |
| Reserves | 13 | €91,100 | €91,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,100 | €4,100 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,281 | €78,138 | +€10,857 | +16.1% |
| Amounts payable | 17/49 | €221,330 | €216,732 | -€4,599 | -2.1% |
| Amounts payable after more than one year | 17 | €3,842 | - | -€3,842 | |
| Financial debts | 170/4 | €3,842 | - | -€3,842 | |
| Amounts payable within one year | 42/48 | €217,488 | €216,732 | -€756 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €4,019 | €3,842 | -€177 | -4.4% |
| Trade debts | 44 | €108,236 | €107,349 | -€887 | -0.8% |
| Suppliers | 440/4 | €108,236 | €107,349 | -€887 | -0.8% |
| Taxes, remuneration and social security | 45 | €80,234 | €80,541 | +€307 | +0.4% |
| Taxes | 450/3 | €18,373 | €12,912 | -€5,460 | -29.7% |
| Remuneration and social security | 454/9 | €61,861 | €67,628 | +€5,768 | +9.3% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,825 | - | -€2,825 | |
| Remuneration, social security and pensions | 62 | €343,670 | €370,669 | +€26,999 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,256 | €12,733 | +€2,477 | +24.2% |
| Other operating charges | 640/8 | €717 | €703 | -€13 | -1.8% |
| Gross operating margin | 9900 | €428,514 | €453,408 | +€24,895 | +5.8% |
| Operating profit (loss) | 9901 | €73,871 | €69,303 | -€4,568 | -6.2% |
| Financial income | 75/76B | €1,976 | €2,317 | +€340 | +17.2% |
| Recurring financial income | 75 | €1,976 | €2,317 | +€340 | +17.2% |
| Financial charges | 65/66B | €14,945 | €16,885 | +€1,940 | +13.0% |
| Recurring financial charges | 65 | €14,945 | €16,885 | +€1,940 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €60,902 | €54,735 | -€6,168 | -10.1% |
| Income taxes | 67/77 | €19,445 | €18,877 | -€567 | -2.9% |
| Profit (loss) for the period | 9904 | €41,457 | €35,857 | -€5,600 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,457 | €35,857 | -€5,600 | -13.5% |
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 21 October 2026 via checked.be.