POLDER PC: 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 PC
Largest movements
- Receivables within one year +€32,915
up €32,915 (+868%), from €3,790 to €36,705
of which Trade receivables: +€29,260
- Cash -€22,256
down €22,256 (-79.6%), from €27,962 to €5,705
mainly Receivables within one year (-€32,915) and Investment in fixed assets (net) (-€4,487)
- Tangible fixed assets -€2,908
down €2,908 (-5.7%), from €51,389 to €48,481
of which Plant, machinery and equipment: -€3,169
- Reserves +€8,510
up €8,510 (+21.3%), from €40,025 to €48,535
of which Distributable reserves: +€8,510
- Accrued charges and deferred income +€3,290
up €3,290 (+1,735%), from €190 to €3,480
- Debts after one year -€3,109
down €3,109 (-15.9%), from €19,577 to €16,468
- Other debts -€2,200
down €2,200 (-100%), from €2,200 to €0
- Other operating charges +€4,418
up €4,418 (+895%), from €493 to €4,911
- Gross operating margin +€2,552
up €2,552 (+9.4%), from €27,255 to €29,807
- Taxes +€309
up €309 (+3.8%), from €8,186 to €8,495
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 | €83,652 | €91,391 | +€7,739 | +9.3% |
| Fixed assets | 21/28 | €51,889 | €48,981 | -€2,908 | -5.6% |
| Tangible fixed assets | 22/27 | €51,389 | €48,481 | -€2,908 | -5.7% |
| Land and buildings | 22 | €25,134 | €25,532 | +€398 | +1.6% |
| Plant, machinery and equipment | 23 | €25,895 | €22,726 | -€3,169 | -12.2% |
| Furniture and vehicles | 24 | €361 | €223 | -€138 | -38.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €31,763 | €42,410 | +€10,647 | +33.5% |
| Amounts receivable within one year | 40/41 | €3,790 | €36,705 | +€32,915 | +868% |
| Trade receivables | 40 | €3,477 | €32,737 | +€29,260 | +841% |
| Other amounts receivable | 41 | €313 | €3,968 | +€3,655 | +1,169% |
| Cash at bank and in hand | 54/58 | €27,962 | €5,705 | -€22,256 | -79.6% |
| Deferred charges and accrued income | 490/1 | €11 | €0 | -€11 | -100% |
| Total equity and liabilities | 10/49 | €83,652 | €91,391 | +€7,739 | +9.3% |
| Equity | 10/15 | €48,156 | €56,675 | +€8,519 | +17.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €40,025 | €48,535 | +€8,510 | +21.3% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €39,775 | €48,285 | +€8,510 | +21.4% |
| Profit (loss) carried forward | 14 | €5,631 | €5,640 | +€9 | +0.2% |
| Amounts payable | 17/49 | €35,496 | €34,716 | -€780 | -2.2% |
| Amounts payable after more than one year | 17 | €19,577 | €16,468 | -€3,109 | -15.9% |
| Financial debts | 170/4 | €19,577 | €16,468 | -€3,109 | -15.9% |
| Amounts payable within one year | 42/48 | €15,730 | €14,768 | -€962 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €3,050 | €3,109 | +€59 | +1.9% |
| Trade debts | 44 | €45 | €478 | +€433 | +956% |
| Suppliers | 440/4 | €45 | €478 | +€433 | +956% |
| Taxes, remuneration and social security | 45 | €10,435 | €11,181 | +€746 | +7.2% |
| Taxes | 450/3 | €8,924 | €11,181 | +€2,257 | +25.3% |
| Remuneration and social security | 454/9 | €1,511 | €0 | -€1,511 | -100% |
| Other amounts payable | 47/48 | €2,200 | €0 | -€2,200 | -100% |
| Accrued charges and deferred income | 492/3 | €190 | €3,480 | +€3,290 | +1,735% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,305 | €7,395 | +€90 | +1.2% |
| Other operating charges | 640/8 | €493 | €4,911 | +€4,418 | +895% |
| Gross operating margin | 9900 | €27,255 | €29,807 | +€2,552 | +9.4% |
| Operating profit (loss) | 9901 | €19,456 | €17,501 | -€1,956 | -10.1% |
| Financial income | 75/76B | €136 | €111 | -€25 | -18.4% |
| Recurring financial income | 75 | €136 | €111 | -€25 | -18.4% |
| Financial charges | 65/66B | €615 | €597 | -€18 | -2.9% |
| Recurring financial charges | 65 | €615 | €597 | -€18 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €18,977 | €17,015 | -€1,963 | -10.3% |
| Income taxes | 67/77 | €8,186 | €8,495 | +€309 | +3.8% |
| Profit (loss) for the period | 9904 | €10,791 | €8,519 | -€2,272 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,791 | €8,519 | -€2,272 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.