POLET: 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.
POLET
Largest movements
- Tangible fixed assets -€9,477
down €9,477 (-5.2%), from €183,728 to €174,251
of which Land and buildings: -€7,792
- Receivables within one year -€4,448
down €4,448 (-44.3%), from €10,040 to €5,592
of which Trade receivables: -€3,523
- Cash -€2,344
down €2,344 (-11.5%), from €20,406 to €18,062
mainly Net result for the year (-€12,976) and Tax, wage and social debts (-€3,483)
- Profit (loss) carried forward -€12,976
down €12,976 (-7.7%), from €169,322 to €156,346
- Tax, wage and social debts -€3,483
no longer reported in 2025 (was €3,483)
- Gross operating margin -€3,637
down €3,637, from €2,092 to -€1,546
- Other operating charges -€1,785
down €1,785 (-46.1%), from €3,870 to €2,085
- Depreciation -€733
down €733 (-7.2%), from €10,210 to €9,477
- Financial income -€215
down €215 (-54.9%), from €392 to €177
- Financial charges -€119
down €119 (-72.5%), from €164 to €45
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 | €214,173 | €197,904 | -€16,269 | -7.6% |
| Fixed assets | 21/28 | €183,728 | €174,251 | -€9,477 | -5.2% |
| Tangible fixed assets | 22/27 | €183,728 | €174,251 | -€9,477 | -5.2% |
| Land and buildings | 22 | €182,043 | €174,251 | -€7,792 | -4.3% |
| Plant, machinery and equipment | 23 | €1,685 | - | -€1,685 | |
| Current assets | 29/58 | €30,446 | €23,653 | -€6,792 | -22.3% |
| Amounts receivable within one year | 40/41 | €10,040 | €5,592 | -€4,448 | -44.3% |
| Trade receivables | 40 | €3,523 | - | -€3,523 | |
| Other amounts receivable | 41 | €6,517 | €5,592 | -€925 | -14.2% |
| Cash at bank and in hand | 54/58 | €20,406 | €18,062 | -€2,344 | -11.5% |
| Total equity and liabilities | 10/49 | €214,173 | €197,904 | -€16,269 | -7.6% |
| Equity | 10/15 | €209,374 | €196,398 | -€12,976 | -6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,652 | €27,652 | = | 0.0% |
| Distributable reserves | 133 | €27,652 | €27,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,322 | €156,346 | -€12,976 | -7.7% |
| Amounts payable | 17/49 | €4,799 | €1,506 | -€3,293 | -68.6% |
| Amounts payable within one year | 42/48 | €4,799 | €1,506 | -€3,293 | -68.6% |
| Trade debts | 44 | €8 | €197 | +€190 | +2,512% |
| Suppliers | 440/4 | €8 | €197 | +€190 | +2,512% |
| Taxes, remuneration and social security | 45 | €3,483 | - | -€3,483 | |
| Taxes | 450/3 | €3,483 | - | -€3,483 | |
| Other amounts payable | 47/48 | €1,308 | €1,308 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,210 | €9,477 | -€733 | -7.2% |
| Other operating charges | 640/8 | €3,870 | €2,085 | -€1,785 | -46.1% |
| Gross operating margin | 9900 | €2,092 | -€1,546 | -€3,637 | |
| Operating profit (loss) | 9901 | -€11,988 | -€13,108 | -€1,119 | -9.3% |
| Financial income | 75/76B | €392 | €177 | -€215 | -54.9% |
| Recurring financial income | 75 | €392 | €177 | -€215 | -54.9% |
| Financial charges | 65/66B | €164 | €45 | -€119 | -72.5% |
| Recurring financial charges | 65 | €164 | €45 | -€119 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,760 | -€12,976 | -€1,216 | -10.3% |
| Profit (loss) for the period | 9904 | -€11,760 | -€12,976 | -€1,216 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,760 | -€12,976 | -€1,216 | -10.3% |
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 20 October 2026 via checked.be.