POLET JP: what changed
POLET JP
Largest movements
- Cash +€17,338
up €17,338 (+2,894%), from €599 to €17,937
mainly Net result for the year (+€80,371) and Debts after one year (+€40,255)
- Receivables after one year +€14,600
up €14,600 (+35.3%), from €41,400 to €56,000
- Receivables within one year +€9,860
up €9,860 (+42.3%), from €23,329 to €33,189
of which Trade receivables: +€11,962
- Debts after one year +€40,255
up €40,255 (+179%), from €22,442 to €62,698
- Trade debts -€23,088
down €23,088 (-66.3%), from €34,798 to €11,710
- Other debts +€21,353
up €21,353 (+168%), from €12,682 to €34,035
- Reserves -€19,500
down €19,500 (-91.3%), from €21,360 to €1,860
of which Distributable reserves: -€19,500
- Tax, wage and social debts +€13,221
up €13,221 (+42.8%), from €30,856 to €44,076
of which Taxes: +€12,613
- Gross operating margin +€118,806
up €118,806 (+145%), from €81,819 to €200,625
- Taxes +€24,272
up €24,272 (+435%), from €5,576 to €29,848
- Staff costs +€17,488
up €17,488 (+37.1%), from €47,193 to €64,681
- Financial charges +€3,469
up €3,469 (+86.8%), from €3,997 to €7,466
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,891 | €178,199 | +€44,308 | +33.1% |
| Fixed assets | 21/28 | €68,563 | €70,099 | +€1,537 | +2.2% |
| Tangible fixed assets | 22/27 | €66,097 | €67,634 | +€1,537 | +2.3% |
| Plant, machinery and equipment | 23 | €35,732 | €26,052 | -€9,680 | -27.1% |
| Furniture and vehicles | 24 | €30,366 | €41,582 | +€11,217 | +36.9% |
| Financial fixed assets | 28 | €2,466 | €2,466 | = | 0.0% |
| Current assets | 29/58 | €65,328 | €108,100 | +€42,771 | +65.5% |
| Amounts receivable after more than one year | 29 | €41,400 | €56,000 | +€14,600 | +35.3% |
| Other amounts receivable | 291 | €41,400 | €56,000 | +€14,600 | +35.3% |
| Amounts receivable within one year | 40/41 | €23,329 | €33,189 | +€9,860 | +42.3% |
| Trade receivables | 40 | €16,551 | €28,513 | +€11,962 | +72.3% |
| Other amounts receivable | 41 | €6,778 | €4,676 | -€2,103 | -31.0% |
| Cash at bank and in hand | 54/58 | €599 | €17,937 | +€17,338 | +2,894% |
| Deferred charges and accrued income | 490/1 | - | €974 | +€974 | |
| Total equity and liabilities | 10/49 | €133,891 | €178,199 | +€44,308 | +33.1% |
| Equity | 10/15 | €27,887 | €8,258 | -€19,629 | -70.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,360 | €1,860 | -€19,500 | -91.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | - | -€19,500 | |
| Profit (loss) carried forward | 14 | €327 | €198 | -€129 | -39.5% |
| Amounts payable | 17/49 | €106,005 | €169,942 | +€63,937 | +60.3% |
| Amounts payable after more than one year | 17 | €22,442 | €62,698 | +€40,255 | +179% |
| Financial debts | 170/4 | €22,442 | €62,698 | +€40,255 | +179% |
| Amounts payable within one year | 42/48 | €83,562 | €107,244 | +€23,682 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €5,227 | €17,422 | +€12,195 | +233% |
| Trade debts | 44 | €34,798 | €11,710 | -€23,088 | -66.3% |
| Suppliers | 440/4 | €34,798 | €11,710 | -€23,088 | -66.3% |
| Taxes, remuneration and social security | 45 | €30,856 | €44,076 | +€13,221 | +42.8% |
| Taxes | 450/3 | €26,930 | €39,543 | +€12,613 | +46.8% |
| Remuneration and social security | 454/9 | €3,926 | €4,533 | +€607 | +15.5% |
| Other amounts payable | 47/48 | €12,682 | €34,035 | +€21,353 | +168% |
| Remuneration, social security and pensions | 62 | €47,193 | €64,681 | +€17,488 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,907 | €19,543 | +€1,635 | +9.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €2 | €0 | -€1 | -85.5% |
| Gross operating margin | 9900 | €81,819 | €200,625 | +€118,806 | +145% |
| Operating profit (loss) | 9901 | €16,330 | €116,002 | +€99,672 | +610% |
| Financial income | 75/76B | €1,084 | €1,683 | +€599 | +55.2% |
| Recurring financial income | 75 | €1,084 | €1,683 | +€599 | +55.2% |
| Financial charges | 65/66B | €3,997 | €7,466 | +€3,469 | +86.8% |
| Recurring financial charges | 65 | €3,997 | €7,466 | +€3,469 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €13,417 | €110,219 | +€96,802 | +721% |
| Income taxes | 67/77 | €5,576 | €29,848 | +€24,272 | +435% |
| Profit (loss) for the period | 9904 | €7,841 | €80,371 | +€72,530 | +925% |
| Profit (loss) for the period to be appropriated | 9905 | €7,841 | €80,371 | +€72,530 | +925% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.