POLDERS: 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.
POLDERS
Largest movements
- Tangible fixed assets +€68,687
up €68,687 (+21.0%), from €326,504 to €395,191
of which Land and buildings: +€75,507
- Receivables within one year +€15,693
up €15,693 (+156%), from €10,045 to €25,738
of which Other amounts receivable: +€15,331
- Cash -€13,005
down €13,005 (-46.3%), from €28,095 to €15,090
mainly Investment in fixed assets (net) (-€84,457) and Receivables within one year (-€15,693)
- Reserves +€50,000
up €50,000 (+156%), from €31,956 to €81,956
of which Distributable reserves: +€52,000
- Other debts +€26,348
up €26,348 (+22.1%), from €119,097 to €145,445
- Debts after one year -€5,510
down €5,510 (-8.4%), from €65,629 to €60,119
- Taxes -€4,440
down €4,440 (-28.8%), from €15,424 to €10,984
- Staff costs +€2,889
up €2,889 (+27.7%), from €10,438 to €13,327
- Other operating charges +€2,377
up €2,377 (+119%), from €1,998 to €4,375
- Gross operating margin +€2,275
up €2,275 (+2.4%), from €95,002 to €97,278
- Depreciation +€2,212
up €2,212 (+16.3%), from €13,558 to €15,770
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 | €364,644 | €436,020 | +€71,375 | +19.6% |
| Fixed assets | 21/28 | €326,504 | €395,191 | +€68,687 | +21.0% |
| Tangible fixed assets | 22/27 | €326,504 | €395,191 | +€68,687 | +21.0% |
| Land and buildings | 22 | €310,165 | €385,672 | +€75,507 | +24.3% |
| Plant, machinery and equipment | 23 | €5,260 | €9,464 | +€4,204 | +79.9% |
| Furniture and vehicles | 24 | €1,027 | €56 | -€971 | -94.6% |
| Assets under construction and advance payments | 27 | €10,053 | - | -€10,053 | |
| Current assets | 29/58 | €38,140 | €40,828 | +€2,688 | +7.0% |
| Amounts receivable within one year | 40/41 | €10,045 | €25,738 | +€15,693 | +156% |
| Trade receivables | 40 | €8,618 | €8,980 | +€362 | +4.2% |
| Other amounts receivable | 41 | €1,427 | €16,759 | +€15,331 | +1,074% |
| Cash at bank and in hand | 54/58 | €28,095 | €15,090 | -€13,005 | -46.3% |
| Total equity and liabilities | 10/49 | €364,644 | €436,020 | +€71,375 | +19.6% |
| Equity | 10/15 | €167,024 | €217,400 | +€50,376 | +30.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,956 | €81,956 | +€50,000 | +156% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €29,956 | €81,956 | +€52,000 | +174% |
| Profit (loss) carried forward | 14 | €115,068 | €115,444 | +€376 | +0.3% |
| Amounts payable | 17/49 | €197,620 | €218,619 | +€20,999 | +10.6% |
| Amounts payable after more than one year | 17 | €65,629 | €60,119 | -€5,510 | -8.4% |
| Financial debts | 170/4 | €65,629 | €60,119 | -€5,510 | -8.4% |
| Amounts payable within one year | 42/48 | €131,991 | €158,500 | +€26,509 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €6,312 | €5,510 | -€802 | -12.7% |
| Trade debts | 44 | €4,959 | €4,212 | -€746 | -15.1% |
| Suppliers | 440/4 | €4,959 | €4,212 | -€746 | -15.1% |
| Taxes, remuneration and social security | 45 | €1,623 | €3,333 | +€1,710 | +105% |
| Taxes | 450/3 | €1,572 | €3,333 | +€1,760 | +112% |
| Remuneration and social security | 454/9 | €51 | - | -€51 | |
| Other amounts payable | 47/48 | €119,097 | €145,445 | +€26,348 | +22.1% |
| Non-recurring operating income | 76A | - | €386 | +€386 | |
| Remuneration, social security and pensions | 62 | €10,438 | €13,327 | +€2,889 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,558 | €15,770 | +€2,212 | +16.3% |
| Other operating charges | 640/8 | €1,998 | €4,375 | +€2,377 | +119% |
| Gross operating margin | 9900 | €95,002 | €97,278 | +€2,275 | +2.4% |
| Operating profit (loss) | 9901 | €69,008 | €63,806 | -€5,202 | -7.5% |
| Financial income | 75/76B | €15 | €674 | +€659 | +4,322% |
| Recurring financial income | 75 | €15 | €674 | +€659 | +4,322% |
| Financial charges | 65/66B | €3,798 | €3,120 | -€678 | -17.9% |
| Recurring financial charges | 65 | €3,798 | €3,120 | -€678 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €65,225 | €61,360 | -€3,865 | -5.9% |
| Income taxes | 67/77 | €15,424 | €10,984 | -€4,440 | -28.8% |
| Profit (loss) for the period | 9904 | €49,801 | €50,376 | +€575 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,801 | €50,376 | +€575 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.