POLDIAM: 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.
POLDIAM
Largest movements
- Receivables after one year -€102,057
down €102,057 (-29.7%), from €343,298 to €241,241
- Stocks and contracts -€61,830
down €61,830 (-11.6%), from €533,800 to €471,970
- Receivables within one year +€23,480
up €23,480 (+5.0%), from €472,910 to €496,391
of which Other amounts receivable: +€23,480
- Profit (loss) carried forward -€103,570
new in 2025: -€103,570
- Tax, wage and social debts -€27,915
down €27,915 (-59.6%), from €46,844 to €18,928
of which Remuneration and social security: -€14,408
- Gross operating margin -€68,391
down €68,391 (-127%), from -€53,726 to -€122,117
- Taxes -€12,816
down €12,816, from €10,870 to -€1,946
- Staff costs +€7,269
up €7,269, from -€7,268 to €1
- Other operating charges +€3,411
up €3,411 (+105%), from €3,258 to €6,669
- Financial income -€2,612
down €2,612 (-8.0%), from €32,621 to €30,008
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 | €1,398,692 | €1,256,134 | -€142,558 | -10.2% |
| Fixed assets | 21/28 | €45,078 | €38,992 | -€6,086 | -13.5% |
| Tangible fixed assets | 22/27 | €45,078 | €38,992 | -€6,086 | -13.5% |
| Land and buildings | 22 | €27,737 | €26,510 | -€1,226 | -4.4% |
| Plant, machinery and equipment | 23 | €2,107 | €1,944 | -€164 | -7.8% |
| Furniture and vehicles | 24 | €15,234 | €10,538 | -€4,696 | -30.8% |
| Current assets | 29/58 | €1,353,614 | €1,217,142 | -€136,472 | -10.1% |
| Amounts receivable after more than one year | 29 | €343,298 | €241,241 | -€102,057 | -29.7% |
| Other amounts receivable | 291 | €343,298 | €241,241 | -€102,057 | -29.7% |
| Stocks and contracts in progress | 3 | €533,800 | €471,970 | -€61,830 | -11.6% |
| Stocks | 30/36 | €533,800 | €471,970 | -€61,830 | -11.6% |
| Amounts receivable within one year | 40/41 | €472,910 | €496,391 | +€23,480 | +5.0% |
| Trade receivables | 40 | €25,047 | €25,047 | = | 0.0% |
| Other amounts receivable | 41 | €447,863 | €471,344 | +€23,480 | +5.2% |
| Cash at bank and in hand | 54/58 | €3,346 | €2,715 | -€631 | -18.9% |
| Deferred charges and accrued income | 490/1 | €259 | €4,825 | +€4,566 | +1,760% |
| Total equity and liabilities | 10/49 | €1,398,692 | €1,256,134 | -€142,558 | -10.2% |
| Equity | 10/15 | €1,302,387 | €1,198,817 | -€103,570 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,283,795 | €1,283,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,281,935 | €1,281,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€103,570 | -€103,570 | |
| Amounts payable | 17/49 | €96,306 | €57,317 | -€38,988 | -40.5% |
| Amounts payable within one year | 42/48 | €96,306 | €57,317 | -€38,988 | -40.5% |
| Trade debts | 44 | €49,462 | €38,389 | -€11,073 | -22.4% |
| Suppliers | 440/4 | €49,462 | €38,389 | -€11,073 | -22.4% |
| Taxes, remuneration and social security | 45 | €46,844 | €18,928 | -€27,915 | -59.6% |
| Taxes | 450/3 | €32,436 | €18,928 | -€13,508 | -41.6% |
| Remuneration and social security | 454/9 | €14,408 | - | -€14,408 | |
| Remuneration, social security and pensions | 62 | -€7,268 | €1 | +€7,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | €6,086 | = | 0.0% |
| Other operating charges | 640/8 | €3,258 | €6,669 | +€3,411 | +105% |
| Gross operating margin | 9900 | -€53,726 | -€122,117 | -€68,391 | -127% |
| Operating profit (loss) | 9901 | -€55,803 | -€134,874 | -€79,071 | -142% |
| Financial income | 75/76B | €32,621 | €30,008 | -€2,612 | -8.0% |
| Recurring financial income | 75 | €32,621 | €30,008 | -€2,612 | -8.0% |
| Financial charges | 65/66B | €291 | €650 | +€359 | +123% |
| Recurring financial charges | 65 | €291 | €650 | +€359 | +123% |
| Profit (loss) for the period before taxes | 9903 | -€23,474 | -€105,516 | -€82,042 | -350% |
| Income taxes | 67/77 | €10,870 | -€1,946 | -€12,816 | |
| Profit (loss) for the period | 9904 | -€34,343 | -€103,570 | -€69,227 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,343 | -€103,570 | -€69,227 | -202% |
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 22 October 2026 via checked.be.