Polarwindbrokers: 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.
Polarwindbrokers
Largest movements
- Receivables within one year +€67,395
up €67,395 (+618%), from €10,904 to €78,299
of which Other amounts receivable: +€67,479
- Intangible fixed assets -€3,333
down €3,333 (-35.1%), from €9,490 to €6,157
- Reserves +€39,741
up €39,741 (+873%), from €4,553 to €44,294
- Tax, wage and social debts +€23,625
up €23,625 (+1,227%), from €1,925 to €25,549
of which Taxes: +€22,305
- Gross operating margin +€52,669
up €52,669 (+705%), from €7,473 to €60,142
- Taxes +€14,984
up €14,984 (+806%), from €1,859 to €16,843
- Depreciation +€3,008
up €3,008 (+566%), from €532 to €3,540
- Financial income +€2,031
up €2,031 (+6,492%), from €31 to €2,063
- Other operating charges +€1,405
up €1,405 (+297%), from €472 to €1,877
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 | €29,035 | €92,441 | +€63,406 | +218% |
| Fixed assets | 21/28 | €10,500 | €6,961 | -€3,540 | -33.7% |
| Intangible fixed assets | 21 | €9,490 | €6,157 | -€3,333 | -35.1% |
| Tangible fixed assets | 22/27 | €1,010 | €804 | -€206 | -20.4% |
| Plant, machinery and equipment | 23 | €1,010 | €804 | -€206 | -20.4% |
| Current assets | 29/58 | €18,535 | €85,481 | +€66,946 | +361% |
| Amounts receivable after more than one year | 29 | €7,000 | €7,000 | = | 0.0% |
| Other amounts receivable | 291 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,904 | €78,299 | +€67,395 | +618% |
| Trade receivables | 40 | €9,583 | €9,500 | -€83 | -0.9% |
| Other amounts receivable | 41 | €1,321 | €68,799 | +€67,479 | +5,109% |
| Cash at bank and in hand | 54/58 | €622 | €55 | -€567 | -91.1% |
| Deferred charges and accrued income | 490/1 | €9 | €126 | +€117 | +1,346% |
| Total equity and liabilities | 10/49 | €29,035 | €92,441 | +€63,406 | +218% |
| Equity | 10/15 | €14,553 | €54,294 | +€39,741 | +273% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,553 | €44,294 | +€39,741 | +873% |
| Distributable reserves | 133 | €4,553 | €44,294 | +€39,741 | +873% |
| Amounts payable | 17/49 | €14,482 | €38,148 | +€23,665 | +163% |
| Amounts payable within one year | 42/48 | €14,482 | €38,148 | +€23,665 | +163% |
| Trade debts | 44 | €12,557 | €12,598 | +€41 | +0.3% |
| Suppliers | 440/4 | €12,557 | €12,598 | +€41 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,925 | €25,549 | +€23,625 | +1,227% |
| Taxes | 450/3 | €1,925 | €24,230 | +€22,305 | +1,159% |
| Remuneration and social security | 454/9 | - | €1,319 | +€1,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €3,540 | +€3,008 | +566% |
| Other operating charges | 640/8 | €472 | €1,877 | +€1,405 | +297% |
| Gross operating margin | 9900 | €7,473 | €60,142 | +€52,669 | +705% |
| Operating profit (loss) | 9901 | €6,469 | €54,725 | +€48,256 | +746% |
| Financial income | 75/76B | €31 | €2,063 | +€2,031 | +6,492% |
| Recurring financial income | 75 | €31 | €2,063 | +€2,031 | +6,492% |
| Financial charges | 65/66B | €89 | €204 | +€115 | +130% |
| Recurring financial charges | 65 | €89 | €204 | +€115 | +130% |
| Profit (loss) for the period before taxes | 9903 | €6,411 | €56,584 | +€50,172 | +783% |
| Income taxes | 67/77 | €1,859 | €16,843 | +€14,984 | +806% |
| Profit (loss) for the period | 9904 | €4,553 | €39,741 | +€35,188 | +773% |
| Profit (loss) for the period to be appropriated | 9905 | €4,553 | €39,741 | +€35,188 | +773% |
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 16 October 2026 via checked.be.