POLDER: 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.
POLDER
Largest movements
- Receivables within one year -€165,760
down €165,760 (-25.8%), from €642,160 to €476,400
- Cash +€42,502
up €42,502 (+130%), from €32,724 to €75,227
mainly Receivables within one year (+€165,760) and Net result for the year (+€112,274)
- Reserves -€147,586
down €147,586 (-23.0%), from €642,608 to €495,021
of which Distributable reserves: -€147,586
- Other debts +€26,727
up €26,727, from €0 to €26,727
- Financial income -€5,700
down €5,700 (-25.8%), from €22,100 to €16,400
- Gross operating margin -€4,061
down €4,061 (-2.6%), from €154,802 to €150,741
- Taxes -€2,443
down €2,443 (-4.3%), from €56,320 to €53,876
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 | €674,884 | €551,627 | -€123,257 | -18.3% |
| Current assets | 29/58 | €674,884 | €551,627 | -€123,257 | -18.3% |
| Amounts receivable within one year | 40/41 | €642,160 | €476,400 | -€165,760 | -25.8% |
| Other amounts receivable | 41 | €642,160 | €476,400 | -€165,760 | -25.8% |
| Cash at bank and in hand | 54/58 | €32,724 | €75,227 | +€42,502 | +130% |
| Total equity and liabilities | 10/49 | €674,884 | €551,627 | -€123,257 | -18.3% |
| Equity | 10/15 | €649,408 | €501,821 | -€147,586 | -22.7% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €642,608 | €495,021 | -€147,586 | -23.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €640,748 | €493,161 | -€147,586 | -23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,477 | €49,806 | +€24,329 | +95.5% |
| Amounts payable within one year | 42/48 | €24,877 | €49,206 | +€24,329 | +97.8% |
| Taxes, remuneration and social security | 45 | €24,877 | €22,479 | -€2,398 | -9.6% |
| Taxes | 450/3 | €24,877 | €22,479 | -€2,398 | -9.6% |
| Other amounts payable | 47/48 | €0 | €26,727 | +€26,727 | |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €500 | €0 | -€500 | -100% |
| Other operating charges | 640/8 | €573 | €801 | +€227 | +39.7% |
| Gross operating margin | 9900 | €154,802 | €150,741 | -€4,061 | -2.6% |
| Operating profit (loss) | 9901 | €153,728 | €149,940 | -€3,788 | -2.5% |
| Financial income | 75/76B | €22,100 | €16,400 | -€5,700 | -25.8% |
| Recurring financial income | 75 | €22,100 | €16,400 | -€5,700 | -25.8% |
| Financial charges | 65/66B | €162 | €189 | +€28 | +17.0% |
| Recurring financial charges | 65 | €162 | €189 | +€28 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €175,666 | €166,150 | -€9,516 | -5.4% |
| Income taxes | 67/77 | €56,320 | €53,876 | -€2,443 | -4.3% |
| Profit (loss) for the period | 9904 | €119,347 | €112,274 | -€7,073 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,347 | €112,274 | -€7,073 | -5.9% |
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 30 October 2026 via checked.be.