POLDERFEED: 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.
POLDERFEED
Largest movements
- Receivables within one year +€95,018
up €95,018 (+80.8%), from €117,587 to €212,605
of which Other amounts receivable: +€68,634
- Tangible fixed assets -€50,586
down €50,586 (-26.1%), from €194,042 to €143,456
of which Plant, machinery and equipment: -€50,678
- Stocks and contracts +€5,132
up €5,132 (+6.4%), from €80,311 to €85,443
- Trade debts +€73,862
up €73,862 (+181.6%), from €40,675 to €114,537
- Debts after one year -€48,214
down €48,214 (-25.2%), from €191,518 to €143,303
- Profit (loss) carried forward +€17,945
up €17,945 (+53.0%), from -€33,828 to -€15,884
- Other debts +€12,617
up €12,617 (+64.8%), from €19,465 to €32,081
- Current portion of long-term debt -€8,929
down €8,929 (-15.6%), from €57,143 to €48,214
- Gross operating margin -€18,864
down €18,864 (-18.1%), from €104,270 to €85,406
- Depreciation +€3,687
up €3,687 (+6.7%), from €55,212 to €58,899
- Financial charges -€1,539
down €1,539 (-16.1%), from €9,581 to €8,041
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 | €397,066 | €443,983 | +€46,916 | +11.8% |
| Fixed assets | 21/28 | €194,042 | €143,456 | -€50,586 | -26.1% |
| Tangible fixed assets | 22/27 | €194,042 | €143,456 | -€50,586 | -26.1% |
| Plant, machinery and equipment | 23 | €188,023 | €137,346 | -€50,678 | -27.0% |
| Furniture and vehicles | 24 | €6,019 | €6,110 | +€92 | +1.5% |
| Current assets | 29/58 | €203,025 | €300,527 | +€97,502 | +48.0% |
| Stocks and contracts in progress | 3 | €80,311 | €85,443 | +€5,132 | +6.4% |
| Stocks | 30/36 | €80,311 | €85,443 | +€5,132 | +6.4% |
| Amounts receivable within one year | 40/41 | €117,587 | €212,605 | +€95,018 | +80.8% |
| Trade receivables | 40 | €35,488 | €61,872 | +€26,384 | +74.3% |
| Other amounts receivable | 41 | €82,098 | €150,733 | +€68,634 | +83.6% |
| Cash at bank and in hand | 54/58 | €4,638 | €1,913 | -€2,725 | -58.8% |
| Deferred charges and accrued income | 490/1 | €489 | €566 | +€77 | +15.7% |
| Total equity and liabilities | 10/49 | €397,066 | €443,983 | +€46,916 | +11.8% |
| Equity | 10/15 | -€13,828 | €4,116 | +€17,945 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,828 | -€15,884 | +€17,945 | +53.0% |
| Amounts payable | 17/49 | €410,894 | €439,866 | +€28,972 | +7.1% |
| Amounts payable after more than one year | 17 | €191,518 | €143,303 | -€48,214 | -25.2% |
| Financial debts | 170/4 | €191,518 | €143,303 | -€48,214 | -25.2% |
| Amounts payable within one year | 42/48 | €217,283 | €294,833 | +€77,550 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €57,143 | €48,214 | -€8,929 | -15.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €40,675 | €114,537 | +€73,862 | +181.6% |
| Suppliers | 440/4 | €40,675 | €114,537 | +€73,862 | +181.6% |
| Other amounts payable | 47/48 | €19,465 | €32,081 | +€12,617 | +64.8% |
| Accrued charges and deferred income | 492/3 | €2,094 | €1,730 | -€364 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,212 | €58,899 | +€3,687 | +6.7% |
| Other operating charges | 640/8 | €340 | €593 | +€254 | +74.6% |
| Gross operating margin | 9900 | €104,270 | €85,406 | -€18,864 | -18.1% |
| Operating profit (loss) | 9901 | €48,719 | €25,914 | -€22,805 | -46.8% |
| Financial income | 75/76B | €0 | €72 | +€72 | +240366.7% |
| Recurring financial income | 75 | €0 | €72 | +€72 | +240366.7% |
| Financial charges | 65/66B | €9,581 | €8,041 | -€1,539 | -16.1% |
| Recurring financial charges | 65 | €9,581 | €8,041 | -€1,539 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €39,138 | €17,945 | -€21,194 | -54.2% |
| Profit (loss) for the period | 9904 | €39,138 | €17,945 | -€21,194 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,138 | €17,945 | -€21,194 | -54.2% |
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 11 October 2026 via checked.be.