POLARYS: 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.
POLARYS
Largest movements
- Receivables within one year +€5,901
up €5,901 (+40.3%), from €14,640 to €20,542
of which Trade receivables: +€3,579
- Cash +€4,634
up €4,634 (+19.0%), from €24,418 to €29,052
mainly Trade debts (+€9,704) and Net result for the year (+€6,460)
- Other debts -€10,518
down €10,518 (-70.2%), from €14,988 to €4,469
- Trade debts +€9,704
up €9,704 (+118.1%), from €8,219 to €17,923
of which Bills of exchange payable: +€6,562
- Profit (loss) carried forward +€6,460
up €6,460 (+150.7%), from €4,286 to €10,746
- Tax, wage and social debts +€4,889
up €4,889 (+51.1%), from €9,567 to €14,456
of which Remuneration and social security: +€4,695
- Other operating charges -€4,497
down €4,497 (-82.9%), from €5,427 to €930
- Gross operating margin -€1,874
down €1,874 (-16.0%), from €11,696 to €9,822
- Taxes +€195
up €195 (+9.4%), from €2,067 to €2,261
- Financial charges +€169
up €169 (+8977.7%), from €2 to €171
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.
Cash bridge derived
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 | €39,059 | €49,594 | +€10,535 | +27.0% |
| Current assets | 29/58 | €39,059 | €49,594 | +€10,535 | +27.0% |
| Amounts receivable within one year | 40/41 | €14,640 | €20,542 | +€5,901 | +40.3% |
| Trade receivables | 40 | €13,233 | €16,812 | +€3,579 | +27.0% |
| Other amounts receivable | 41 | €1,408 | €3,730 | +€2,322 | +165.0% |
| Cash at bank and in hand | 54/58 | €24,418 | €29,052 | +€4,634 | +19.0% |
| Total equity and liabilities | 10/49 | €39,059 | €49,594 | +€10,535 | +27.0% |
| Equity | 10/15 | €6,286 | €12,746 | +€6,460 | +102.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,286 | €10,746 | +€6,460 | +150.7% |
| Amounts payable | 17/49 | €32,773 | €36,848 | +€4,075 | +12.4% |
| Amounts payable within one year | 42/48 | €32,773 | €36,848 | +€4,075 | +12.4% |
| Trade debts | 44 | €8,219 | €17,923 | +€9,704 | +118.1% |
| Suppliers | 440/4 | €7,184 | €10,326 | +€3,142 | +43.7% |
| Bills of exchange payable | 441 | €1,035 | €7,597 | +€6,562 | +634.0% |
| Taxes, remuneration and social security | 45 | €9,567 | €14,456 | +€4,889 | +51.1% |
| Taxes | 450/3 | €2,067 | €2,261 | +€195 | +9.4% |
| Remuneration and social security | 454/9 | €7,500 | €12,195 | +€4,695 | +62.6% |
| Other amounts payable | 47/48 | €14,988 | €4,469 | -€10,518 | -70.2% |
| Other operating charges | 640/8 | €5,427 | €930 | -€4,497 | -82.9% |
| Gross operating margin | 9900 | €11,696 | €9,822 | -€1,874 | -16.0% |
| Operating profit (loss) | 9901 | €6,269 | €8,892 | +€2,623 | +41.8% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €2 | €171 | +€169 | +8977.7% |
| Recurring financial charges | 65 | €2 | €171 | +€169 | +8977.7% |
| Profit (loss) for the period before taxes | 9903 | €6,352 | €8,721 | +€2,369 | +37.3% |
| Income taxes | 67/77 | €2,067 | €2,261 | +€195 | +9.4% |
| Profit (loss) for the period | 9904 | €4,286 | €6,460 | +€2,174 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,286 | €6,460 | +€2,174 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.