Polemiek: 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.
Polemiek
Largest movements
- Cash -€6,642
down €6,642 (-94.1%), from €7,061 to €418
mainly Debts after one year (-€4,648) and Net result for the year (-€3,839)
- Tangible fixed assets -€4,355
down €4,355 (-26.5%), from €16,426 to €12,071
- Receivables within one year +€953
up €953 (+6.6%), from €14,331 to €15,284
of which Trade receivables: +€953
- Debts after one year -€4,648
down €4,648 (-29.3%), from €15,881 to €11,233
- Profit (loss) carried forward -€3,839
down €3,839 (-153.6%), from -€2,500 to -€6,339
- Other debts -€2,998
down €2,998 (-90.7%), from €3,306 to €308
- Trade debts +€464
up €464 (+3.5%), from €13,422 to €13,886
- Current portion of long-term debt +€387
up €387 (+8.3%), from €4,648 to €5,035
- Gross operating margin -€15,736
down €15,736 (-18.3%), from €86,175 to €70,439
- Staff costs +€13,940
up €13,940 (+24.8%), from €56,319 to €70,259
- Depreciation -€1,901
down €1,901 (-30.4%), from €6,256 to €4,355
- Financial income +€889
up €889 (+126.7%), from €702 to €1,590
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 | €38,552 | €28,237 | -€10,315 | -26.8% |
| Fixed assets | 21/28 | €16,426 | €12,071 | -€4,355 | -26.5% |
| Tangible fixed assets | 22/27 | €16,426 | €12,071 | -€4,355 | -26.5% |
| Plant, machinery and equipment | 23 | €16,426 | €12,071 | -€4,355 | -26.5% |
| Current assets | 29/58 | €22,126 | €16,166 | -€5,960 | -26.9% |
| Amounts receivable within one year | 40/41 | €14,331 | €15,284 | +€953 | +6.6% |
| Trade receivables | 40 | €13,548 | €14,501 | +€953 | +7.0% |
| Other amounts receivable | 41 | €783 | €783 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €7,061 | €418 | -€6,642 | -94.1% |
| Deferred charges and accrued income | 490/1 | €734 | €464 | -€270 | -36.8% |
| Total equity and liabilities | 10/49 | €38,552 | €28,237 | -€10,315 | -26.8% |
| Equity | 10/15 | -€500 | -€4,339 | -€3,839 | -767.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,500 | -€6,339 | -€3,839 | -153.6% |
| Amounts payable | 17/49 | €39,052 | €32,576 | -€6,475 | -16.6% |
| Amounts payable after more than one year | 17 | €15,881 | €11,233 | -€4,648 | -29.3% |
| Financial debts | 170/4 | €15,881 | €11,233 | -€4,648 | -29.3% |
| Amounts payable within one year | 42/48 | €23,171 | €21,344 | -€1,828 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €4,648 | €5,035 | +€387 | +8.3% |
| Trade debts | 44 | €13,422 | €13,886 | +€464 | +3.5% |
| Suppliers | 440/4 | €13,422 | €13,886 | +€464 | +3.5% |
| Taxes, remuneration and social security | 45 | €1,795 | €2,115 | +€320 | +17.8% |
| Taxes | 450/3 | €1,795 | €2,115 | +€320 | +17.8% |
| Other amounts payable | 47/48 | €3,306 | €308 | -€2,998 | -90.7% |
| Remuneration, social security and pensions | 62 | €56,319 | €70,259 | +€13,940 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,256 | €4,355 | -€1,901 | -30.4% |
| Other operating charges | 640/8 | €232 | €756 | +€525 | +226.3% |
| Gross operating margin | 9900 | €86,175 | €70,439 | -€15,736 | -18.3% |
| Operating profit (loss) | 9901 | €23,367 | -€4,932 | -€28,299 | |
| Financial income | 75/76B | €702 | €1,590 | +€889 | +126.7% |
| Recurring financial income | 75 | €702 | €1,590 | +€889 | +126.7% |
| Financial charges | 65/66B | €961 | €498 | -€463 | -48.2% |
| Recurring financial charges | 65 | €961 | €498 | -€463 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €23,108 | -€3,839 | -€26,947 | |
| Profit (loss) for the period | 9904 | €23,108 | -€3,839 | -€26,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,108 | -€3,839 | -€26,947 |
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 30 September 2026 via checked.be.