POLDERWIND: what changed
Two fiscal 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.
POLDERWIND
Largest movements
- Current investments +€1.5m
new in 2024: €1.5m
- Cash -€1.5m
down €1.5m (-91.5%), from €1.6m to €138,306
mainly Current investments (-€1.5m) and Other debts (-€26,824)
- Reserves +€52,566
up €52,566 (+6.7%), from €787,946 to €840,512
of which Distributable reserves: +€52,566
- Financial charges -€47,154
down €47,154 (-90.0%), from €52,419 to €5,265
of which Financial charges: -€38,273
- Financial income +€15,809
up €15,809 (+2395.4%), from €660 to €16,469
- Other operating charges -€8,916
down €8,916 (-44.0%), from €20,240 to €11,325
- Gross operating margin +€5,659
up €5,659 (+10.4%), from €54,346 to €60,005
- Depreciation -€1,045
down €1,045 (-12.5%), from €8,363 to €7,318
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,134,084 | €3,143,807 | +€9,723 | +0.3% |
| Fixed assets | 21/28 | €1,466,889 | €1,454,805 | -€12,083 | -0.8% |
| Tangible fixed assets | 22/27 | €426,548 | €419,230 | -€7,318 | -1.7% |
| Land and buildings | 22 | €420,294 | €414,661 | -€5,633 | -1.3% |
| Plant, machinery and equipment | 23 | €6,254 | €4,569 | -€1,685 | -26.9% |
| Financial fixed assets | 28 | €1,040,340 | €1,035,576 | -€4,765 | -0.5% |
| Current assets | 29/58 | €1,667,196 | €1,689,002 | +€21,806 | +1.3% |
| Amounts receivable within one year | 40/41 | €32,530 | €42,398 | +€9,868 | +30.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €32,530 | €42,398 | +€9,868 | +30.3% |
| Current investments | 50/53 | - | €1,508,297 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €1,634,666 | €138,306 | -€1.5m | -91.5% |
| Total equity and liabilities | 10/49 | €3,134,084 | €3,143,807 | +€9,723 | +0.3% |
| Equity | 10/15 | €2,112,581 | €2,165,147 | +€52,566 | +2.5% |
| Contributions | 10/11 | €1,324,635 | €1,324,635 | = | 0.0% |
| Capital | 10 | €1,324,635 | €1,324,635 | = | 0.0% |
| Issued capital | 100 | €1,324,635 | €1,324,635 | = | 0.0% |
| Reserves | 13 | €787,946 | €840,512 | +€52,566 | +6.7% |
| Non-distributable reserves | 130/1 | €132,464 | €132,464 | = | 0.0% |
| Legal reserve | 130 | €132,464 | €132,464 | = | 0.0% |
| Distributable reserves | 133 | €655,483 | €708,049 | +€52,566 | +8.0% |
| Amounts payable | 17/49 | €1,021,503 | €978,660 | -€42,843 | -4.2% |
| Amounts payable within one year | 42/48 | €1,021,503 | €978,660 | -€42,843 | -4.2% |
| Trade debts | 44 | €8,153 | €3,630 | -€4,523 | -55.5% |
| Suppliers | 440/4 | €8,153 | €3,630 | -€4,523 | -55.5% |
| Taxes, remuneration and social security | 45 | €11,496 | €0 | -€11,496 | -100.0% |
| Taxes | 450/3 | €11,496 | €0 | -€11,496 | -100.0% |
| Other amounts payable | 47/48 | €1,001,854 | €975,030 | -€26,824 | -2.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,363 | €7,318 | -€1,045 | -12.5% |
| Other operating charges | 640/8 | €20,240 | €11,325 | -€8,916 | -44.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €54,346 | €60,005 | +€5,659 | +10.4% |
| Operating profit (loss) | 9901 | €25,743 | €41,362 | +€15,619 | +60.7% |
| Financial income | 75/76B | €660 | €16,469 | +€15,809 | +2395.4% |
| Recurring financial income | 75 | €660 | €16,469 | +€15,809 | +2395.4% |
| Financial charges | 65/66B | €52,419 | €5,265 | -€47,154 | -90.0% |
| Recurring financial charges | 65 | €38,773 | €500 | -€38,273 | -98.7% |
| Non-recurring financial charges | 66B | €13,646 | €4,765 | -€8,881 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,016 | €52,566 | +€78,582 | |
| Profit (loss) for the period | 9904 | -€26,016 | €52,566 | +€78,582 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,016 | €52,566 | +€78,582 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.