POLENTA GROUP: 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.
POLENTA GROUP
Largest movements
- Cash -€94,635
down €94,635 (-86.4%), from €109,526 to €14,890
mainly Debts after one year (-€105,000) and Current investments (-€70,000)
- Current investments +€70,000
new in 2025: €70,000
- Debts after one year -€105,000
down €105,000 (-15.8%), from €665,000 to €560,000
- Profit (loss) carried forward +€89,576
up €89,576 (+31.3%), from -€286,217 to -€196,641
- Gross operating margin +€58,885
up €58,885 (+57.3%), from €102,825 to €161,710
- Taxes +€23,274
up €23,274 (+280%), from €8,311 to €31,585
- Other operating charges +€18,146
up €18,146 (+82.7%), from €21,932 to €40,078
- Financial charges -€9,092
down €9,092 (-96.8%), from €9,390 to €298
- Financial income +€1,724
new in 2025: €1,724
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 | €1,052,673 | €1,031,553 | -€21,120 | -2.0% |
| Fixed assets | 21/28 | €903,939 | €903,632 | -€306 | 0.0% |
| Intangible fixed assets | 21 | €1,875 | €375 | -€1,500 | -80.0% |
| Tangible fixed assets | 22/27 | €353,986 | €355,180 | +€1,194 | +0.3% |
| Land and buildings | 22 | €353,775 | €353,775 | = | 0.0% |
| Furniture and vehicles | 24 | €212 | €1,405 | +€1,194 | +564% |
| Financial fixed assets | 28 | €548,078 | €548,078 | = | 0.0% |
| Current assets | 29/58 | €148,734 | €127,921 | -€20,814 | -14.0% |
| Amounts receivable within one year | 40/41 | €39,209 | €43,030 | +€3,822 | +9.7% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €24,689 | €28,510 | +€3,822 | +15.5% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €109,526 | €14,890 | -€94,635 | -86.4% |
| Total equity and liabilities | 10/49 | €1,052,673 | €1,031,553 | -€21,120 | -2.0% |
| Equity | 10/15 | €373,783 | €463,359 | +€89,576 | +24.0% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,217 | -€196,641 | +€89,576 | +31.3% |
| Amounts payable | 17/49 | €678,890 | €568,194 | -€110,696 | -16.3% |
| Amounts payable after more than one year | 17 | €665,000 | €560,000 | -€105,000 | -15.8% |
| Financial debts | 170/4 | €665,000 | €560,000 | -€105,000 | -15.8% |
| Amounts payable within one year | 42/48 | €13,890 | €8,194 | -€5,696 | -41.0% |
| Trade debts | 44 | €2,983 | €1,325 | -€1,658 | -55.6% |
| Suppliers | 440/4 | €2,983 | €1,325 | -€1,658 | -55.6% |
| Taxes, remuneration and social security | 45 | €9,315 | €6,346 | -€2,970 | -31.9% |
| Taxes | 450/3 | €4,643 | €6,346 | +€1,703 | +36.7% |
| Remuneration and social security | 454/9 | €4,673 | - | -€4,673 | |
| Other amounts payable | 47/48 | €1,592 | €523 | -€1,068 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,241 | €1,898 | -€343 | -15.3% |
| Other operating charges | 640/8 | €21,932 | €40,078 | +€18,146 | +82.7% |
| Gross operating margin | 9900 | €102,825 | €161,710 | +€58,885 | +57.3% |
| Operating profit (loss) | 9901 | €78,652 | €119,735 | +€41,083 | +52.2% |
| Financial income | 75/76B | - | €1,724 | +€1,724 | |
| Recurring financial income | 75 | - | €1,724 | +€1,724 | |
| Financial charges | 65/66B | €9,390 | €298 | -€9,092 | -96.8% |
| Recurring financial charges | 65 | €9,390 | €298 | -€9,092 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €69,262 | €121,161 | +€51,898 | +74.9% |
| Income taxes | 67/77 | €8,311 | €31,585 | +€23,274 | +280% |
| Profit (loss) for the period | 9904 | €60,951 | €89,576 | +€28,625 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,951 | €89,576 | +€28,625 | +47.0% |
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.