POLDERBLUES STABLES: what changed
What changed
POLDERBLUES STABLES
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€56,077
2024 · -€7,149-€48,928
Equity
€3.3m
2024 · €3.4m-€56,077
Cash
€5,286
2024 · €224+€5,062
Balance sheet total
€7.1m
2024 · €6.6m+€499,503
Largest movements
Assets
- Tangible fixed assets +€561,112
up €561,112 (+10.5%), from €5.4m to €5.9m
of which Land and buildings: +€489,854
- Receivables after one year -€75,000
down €75,000 (-55.6%), from €135,000 to €60,000
Equity and liabilities
- Other debts +€616,470
up €616,470 (+29.2%), from €2.1m to €2.7m
- Debts after one year -€159,760
down €159,760 (-18.1%), from €882,268 to €722,508
Income statement
- Depreciation +€38,759
up €38,759 (+16.7%), from €231,475 to €270,234
- Staff costs +€23,893
up €23,893 (+50.4%), from €47,371 to €71,264
- Gross operating margin +€7,881
up €7,881 (+2.5%), from €312,411 to €320,292
- Financial charges -€5,995
down €5,995 (-26.9%), from €22,250 to €16,255
- Taxes -€5,721
down €5,721 (-94.0%), from €6,087 to €366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,149
Gross operating margin
+€7,881
Staff costs
-€23,893
Depreciation
-€38,759
Other operating charges
-€3,622
Financial income
-€2,250
Financial charges
+€5,995
Taxes
+€5,721
Result 2025
-€56,077
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€996,300
Investment
-€831,346
Financing
-€159,892
Cash 2024
€224
From operations (derived)
+€996,300
Net result for the year
-€56,077
Depreciation
+€270,234
Receivables after one year
+€75,000
Stocks and contracts
-€33,819
Receivables within one year
+€32,215
Deferred charges and accrued income
-€6,725
Trade debts
+€67,453
Tax, wage and social debts
+€10,436
Other debts
+€616,470
Accrued charges and deferred income
+€21,113
Investment (derived)
-€831,346
Investment in fixed assets (net)
-€831,346
Financing
-€159,892
Debts after one year
-€159,760
Current portion of long-term debt
+€1,698
Short-term financial debts
-€1,830
Cash 2025
€5,286
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,645,919 | €7,145,421 | +€499,503 | +7.5% |
| Fixed assets | 21/28 | €5,612,255 | €6,173,367 | +€561,112 | +10.0% |
| Tangible fixed assets | 22/27 | €5,358,080 | €5,919,192 | +€561,112 | +10.5% |
| Land and buildings | 22 | €5,145,940 | €5,635,795 | +€489,854 | +9.5% |
| Plant, machinery and equipment | 23 | €131,652 | €220,440 | +€88,789 | +67.4% |
| Furniture and vehicles | 24 | €80,488 | €62,956 | -€17,531 | -21.8% |
| Financial fixed assets | 28 | €254,175 | €254,175 | = | 0.0% |
| Current assets | 29/58 | €1,033,664 | €972,055 | -€61,609 | -6.0% |
| Amounts receivable after more than one year | 29 | €135,000 | €60,000 | -€75,000 | -55.6% |
| Other amounts receivable | 291 | €135,000 | €60,000 | -€75,000 | -55.6% |
| Stocks and contracts in progress | 3 | €322,019 | €355,838 | +€33,819 | +10.5% |
| Stocks | 30/36 | €322,019 | €355,838 | +€33,819 | +10.5% |
| Amounts receivable within one year | 40/41 | €576,421 | €544,206 | -€32,215 | -5.6% |
| Trade receivables | 40 | €529,745 | €115,411 | -€414,334 | -78.2% |
| Other amounts receivable | 41 | €46,676 | €428,795 | +€382,119 | +819% |
| Cash at bank and in hand | 54/58 | €224 | €5,286 | +€5,062 | +2,261% |
| Deferred charges and accrued income | 490/1 | €0 | €6,725 | +€6,725 | |
| Total equity and liabilities | 10/49 | €6,645,919 | €7,145,421 | +€499,503 | +7.5% |
| Equity | 10/15 | €3,388,072 | €3,331,995 | -€56,077 | -1.7% |
| Contributions | 10/11 | €3,120,000 | €3,120,000 | = | 0.0% |
| Reserves | 13 | €268,072 | €211,995 | -€56,077 | -20.9% |
| Distributable reserves | 133 | €268,072 | €211,995 | -€56,077 | -20.9% |
| Amounts payable | 17/49 | €3,257,847 | €3,813,426 | +€555,579 | +17.1% |
| Amounts payable after more than one year | 17 | €882,268 | €722,508 | -€159,760 | -18.1% |
| Financial debts | 170/4 | €882,268 | €722,508 | -€159,760 | -18.1% |
| Amounts payable within one year | 42/48 | €2,375,286 | €3,069,513 | +€694,227 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €160,159 | €161,856 | +€1,698 | +1.1% |
| Financial debts | 43 | €1,830 | €0 | -€1,830 | -100% |
| Credit institutions | 430/8 | €1,830 | €0 | -€1,830 | -100% |
| Trade debts | 44 | €91,525 | €158,978 | +€67,453 | +73.7% |
| Suppliers | 440/4 | €91,525 | €158,978 | +€67,453 | +73.7% |
| Taxes, remuneration and social security | 45 | €13,171 | €23,607 | +€10,436 | +79.2% |
| Taxes | 450/3 | €6,813 | €16,579 | +€9,765 | +143% |
| Remuneration and social security | 454/9 | €6,358 | €7,028 | +€670 | +10.5% |
| Other amounts payable | 47/48 | €2,108,601 | €2,725,071 | +€616,470 | +29.2% |
| Accrued charges and deferred income | 492/3 | €293 | €21,406 | +€21,113 | +7,212% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,371 | €71,264 | +€23,893 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,475 | €270,234 | +€38,759 | +16.7% |
| Other operating charges | 640/8 | €16,090 | €19,712 | +€3,622 | +22.5% |
| Gross operating margin | 9900 | €312,411 | €320,292 | +€7,881 | +2.5% |
| Operating profit (loss) | 9901 | €17,476 | -€40,919 | -€58,394 | |
| Financial income | 75/76B | €3,713 | €1,463 | -€2,250 | -60.6% |
| Recurring financial income | 75 | €3,713 | €1,463 | -€2,250 | -60.6% |
| Financial charges | 65/66B | €22,250 | €16,255 | -€5,995 | -26.9% |
| Recurring financial charges | 65 | €22,250 | €16,255 | -€5,995 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,062 | -€55,711 | -€54,649 | -5,147% |
| Income taxes | 67/77 | €6,087 | €366 | -€5,721 | -94.0% |
| Profit (loss) for the period | 9904 | -€7,149 | -€56,077 | -€48,928 | -684% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,149 | -€56,077 | -€48,928 | -684% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.