PoleCM: 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.
PoleCM
Largest movements
- Cash +€99,745
up €99,745 (+75.2%), from €132,674 to €232,419
mainly Debts after one year (+€75,396) and Net result for the year (+€44,879)
- Receivables within one year +€23,133
up €23,133 (+203.8%), from €11,350 to €34,483
of which Trade receivables: +€22,482
- Debts after one year +€75,396
new in 2025: €75,396
- Profit (loss) carried forward +€44,879
up €44,879 (+39.1%), from €114,712 to €159,591
- Tax, wage and social debts -€13,618
down €13,618 (-54.7%), from €24,877 to €11,259
- Trade debts +€8,254
up €8,254 (+305.7%), from €2,700 to €10,955
- Other debts +€7,228
new in 2025: €7,228
- Gross operating margin -€7,746
down €7,746 (-12.1%), from €63,983 to €56,237
- Taxes -€1,474
down €1,474 (-11.5%), from €12,766 to €11,293
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 | €144,024 | €266,902 | +€122,878 | +85.3% |
| Current assets | 29/58 | €144,024 | €266,902 | +€122,878 | +85.3% |
| Amounts receivable within one year | 40/41 | €11,350 | €34,483 | +€23,133 | +203.8% |
| Trade receivables | 40 | €11,350 | €33,832 | +€22,482 | +198.1% |
| Other amounts receivable | 41 | - | €651 | +€651 | |
| Cash at bank and in hand | 54/58 | €132,674 | €232,419 | +€99,745 | +75.2% |
| Total equity and liabilities | 10/49 | €144,024 | €266,902 | +€122,878 | +85.3% |
| Equity | 10/15 | €116,212 | €161,091 | +€44,879 | +38.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,712 | €159,591 | +€44,879 | +39.1% |
| Amounts payable | 17/49 | €27,812 | €105,812 | +€78,000 | +280.5% |
| Amounts payable after more than one year | 17 | - | €75,396 | +€75,396 | |
| Advances received on contracts in progress | 176 | - | €75,396 | +€75,396 | |
| Amounts payable within one year | 42/48 | €27,577 | €30,181 | +€2,604 | +9.4% |
| Financial debts | 43 | - | €739 | +€739 | |
| Credit institutions | 430/8 | - | €739 | +€739 | |
| Trade debts | 44 | €2,700 | €10,955 | +€8,254 | +305.7% |
| Suppliers | 440/4 | €2,700 | €10,955 | +€8,254 | +305.7% |
| Taxes, remuneration and social security | 45 | €24,877 | €11,259 | -€13,618 | -54.7% |
| Taxes | 450/3 | €24,877 | €11,259 | -€13,618 | -54.7% |
| Other amounts payable | 47/48 | - | €7,228 | +€7,228 | |
| Accrued charges and deferred income | 492/3 | €235 | €235 | = | 0.0% |
| Other operating charges | 640/8 | €439 | - | -€439 | |
| Gross operating margin | 9900 | €63,983 | €56,237 | -€7,746 | -12.1% |
| Operating profit (loss) | 9901 | €63,543 | €56,237 | -€7,306 | -11.5% |
| Financial income | 75/76B | - | €264 | +€264 | |
| Recurring financial income | 75 | - | €264 | +€264 | |
| Financial charges | 65/66B | €308 | €329 | +€21 | +6.8% |
| Recurring financial charges | 65 | €308 | €329 | +€21 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €63,235 | €56,171 | -€7,064 | -11.2% |
| Income taxes | 67/77 | €12,766 | €11,293 | -€1,474 | -11.5% |
| Profit (loss) for the period | 9904 | €50,468 | €44,879 | -€5,590 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,468 | €44,879 | -€5,590 | -11.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.