Poleur-Kinet: 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.
What changed
Poleur-Kinet
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€535,100
2024 · €450,774+€84,326
Equity
€3.4m
2024 · €3.2m+€208,648
Cash
€496,483
2024 · €445,442+€51,040
Balance sheet total
€5.3m
2024 · €5.1m+€226,924
Largest movements
Assets
- Receivables within one year +€162,374
up €162,374 (+11.4%), from €1.4m to €1.6m
of which Trade receivables: +€149,926
- Stocks and contracts +€84,881
up €84,881 (+3.9%), from €2.2m to €2.3m
- Tangible fixed assets -€78,754
down €78,754 (-7.8%), from €1.0m to €935,524
of which Furniture and vehicles: -€61,033
Equity and liabilities
- Reserves +€150,000
up €150,000 (+5.7%), from €2.6m to €2.8m
of which Distributable reserves: +€150,000
- Advances received +€139,800
up €139,800 (+582%), from €24,012 to €163,812
- Profit (loss) carried forward +€63,672
up €63,672 (+757%), from €8,408 to €72,080
- Debts after one year -€62,960
down €62,960 (-15.0%), from €418,703 to €355,743
of which Financial debts: -€62,960
- Other debts -€60,361
down €60,361 (-13.0%), from €462,620 to €402,259
Income statement
- Turnover +€349,099
up €349,099 (+3.0%), from €11.5m to €11.9m
- Goods and materials +€205,484
up €205,484 (+2.5%), from €8.2m to €8.4m
of which Purchases: +€317,222
- Staff costs -€156,784
down €156,784 (-9.8%), from €1.6m to €1.4m
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.
Result 2024
€450,774
Turnover
+€349,099
Other operating income
-€74,389
Goods and materials
-€205,484
Services and other goods
-€91,637
Staff costs
+€156,784
Depreciation
+€5,310
Write-downs
+€78,323
Other operating charges
-€96,461
Other operating items
-€4,721
Financial income
+€19,997
Financial charges
-€13,550
Taxes
-€38,944
Result 2025
€535,100
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€710,945
Investment
-€214,954
Financing
-€444,951
Cash 2024
€445,442
From operations (derived)
+€710,945
Net result for the year
+€535,100
Depreciation
+€302,247
Stocks and contracts
-€84,881
Receivables within one year
-€162,374
Deferred charges and accrued income
-€15,922
Trade debts
+€40,554
Tax, wage and social debts
+€15,437
Advances received
+€139,800
Other debts
-€60,361
Accrued charges and deferred income
+€1,345
Investment (derived)
-€214,954
Investment in fixed assets (net)
-€214,954
Financing
-€444,951
Debts after one year
-€62,960
Current portion of long-term debt
-€55,540
Contributions, distributions and other
-€326,452
Cash 2025
€496,483
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,095,821 | €5,322,745 | +€226,924 | +4.5% |
| Fixed assets | 21/28 | €1,029,168 | €941,875 | -€87,293 | -8.5% |
| Intangible fixed assets | 21 | €14,555 | €6,016 | -€8,539 | -58.7% |
| Tangible fixed assets | 22/27 | €1,014,278 | €935,524 | -€78,754 | -7.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €108,094 | €96,794 | -€11,300 | -10.5% |
| Furniture and vehicles | 24 | €442,256 | €381,223 | -€61,033 | -13.8% |
| Leasing and similar rights | 25 | €6,007 | €24,242 | +€18,235 | +304% |
| Other tangible fixed assets | 26 | €457,921 | €433,265 | -€24,656 | -5.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Other financial fixed assets | 284/8 | €335 | €335 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €4,066,653 | €4,380,870 | +€314,217 | +7.7% |
| Stocks and contracts in progress | 3 | €2,169,875 | €2,254,756 | +€84,881 | +3.9% |
| Stocks | 30/36 | €2,169,875 | €2,254,756 | +€84,881 | +3.9% |
| Goods purchased for resale | 34 | €2,169,875 | €2,254,756 | +€84,881 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,429,922 | €1,592,296 | +€162,374 | +11.4% |
| Trade receivables | 40 | €1,343,327 | €1,493,253 | +€149,926 | +11.2% |
| Other amounts receivable | 41 | €86,595 | €99,043 | +€12,447 | +14.4% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €445,442 | €496,483 | +€51,040 | +11.5% |
| Deferred charges and accrued income | 490/1 | €21,413 | €37,335 | +€15,922 | +74.4% |
| Total equity and liabilities | 10/49 | €5,095,821 | €5,322,745 | +€226,924 | +4.5% |
| Equity | 10/15 | €3,212,411 | €3,421,059 | +€208,648 | +6.5% |
| Contributions | 10/11 | €573,950 | €573,950 | = | 0.0% |
| Capital | 10 | €573,950 | €573,950 | = | 0.0% |
| Issued capital | 100 | €573,950 | €573,950 | = | 0.0% |
| Reserves | 13 | €2,616,230 | €2,766,230 | +€150,000 | +5.7% |
| Non-distributable reserves | 130/1 | €57,428 | €57,428 | = | 0.0% |
| Legal reserve | 130 | €57,395 | €57,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33 | €33 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,556,943 | €2,706,943 | +€150,000 | +5.9% |
| Profit (loss) carried forward | 14 | €8,408 | €72,080 | +€63,672 | +757% |
| Investment grants | 15 | €13,823 | €8,800 | -€5,023 | -36.3% |
| Amounts payable | 17/49 | €1,883,410 | €1,901,686 | +€18,276 | +1.0% |
| Amounts payable after more than one year | 17 | €418,703 | €355,743 | -€62,960 | -15.0% |
| Financial debts | 170/4 | €417,303 | €354,343 | -€62,960 | -15.1% |
| Subordinated loans | 170 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Leasing and similar obligations | 172 | €0 | €20,277 | +€20,277 | |
| Credit institutions | 173 | €401,303 | €326,066 | -€75,237 | -18.7% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,460,390 | €1,540,281 | +€79,891 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €175,182 | €119,642 | -€55,540 | -31.7% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €525,753 | €566,307 | +€40,554 | +7.7% |
| Suppliers | 440/4 | €525,753 | €566,307 | +€40,554 | +7.7% |
| Advances received on contracts in progress | 46 | €24,012 | €163,812 | +€139,800 | +582% |
| Taxes, remuneration and social security | 45 | €272,824 | €288,261 | +€15,437 | +5.7% |
| Taxes | 450/3 | €108,529 | €177,969 | +€69,440 | +64.0% |
| Remuneration and social security | 454/9 | €164,295 | €110,292 | -€54,003 | -32.9% |
| Other amounts payable | 47/48 | €462,620 | €402,259 | -€60,361 | -13.0% |
| Accrued charges and deferred income | 492/3 | €4,317 | €5,662 | +€1,345 | +31.1% |
| Operating income | 70/76A | €11,842,074 | €12,116,783 | +€274,710 | +2.3% |
| Turnover | 70 | €11,529,456 | €11,878,555 | +€349,099 | +3.0% |
| Other operating income | 74 | €312,617 | €238,228 | -€74,389 | -23.8% |
| Operating charges | 60/66A | €11,289,674 | €11,447,560 | +€157,886 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €8,222,265 | €8,427,749 | +€205,484 | +2.5% |
| Purchases | 600/8 | €8,195,408 | €8,512,630 | +€317,222 | +3.9% |
| Change in stocks: decrease (increase) | 609 | €26,857 | -€84,881 | -€111,738 | |
| Services and other goods | 61 | €1,056,407 | €1,148,044 | +€91,637 | +8.7% |
| Remuneration, social security and pensions | 62 | €1,602,429 | €1,445,645 | -€156,784 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,557 | €302,247 | -€5,310 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,448 | -€41,876 | -€78,323 | |
| Other operating charges | 640/8 | €64,569 | €161,030 | +€96,461 | +149% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €4,721 | +€4,721 | |
| Operating profit (loss) | 9901 | €552,399 | €669,223 | +€116,824 | +21.1% |
| Financial income | 75/76B | €136,342 | €156,339 | +€19,997 | +14.7% |
| Recurring financial income | 75 | €136,342 | €156,339 | +€19,997 | +14.7% |
| Income from financial fixed assets | 750 | €0 | €482 | +€482 | |
| Other financial income | 752/9 | €136,342 | €155,857 | +€19,515 | +14.3% |
| Financial charges | 65/66B | €44,572 | €58,122 | +€13,550 | +30.4% |
| Recurring financial charges | 65 | €44,572 | €58,122 | +€13,550 | +30.4% |
| Debt charges | 650 | €20,235 | €24,363 | +€4,129 | +20.4% |
| Other financial charges | 652/9 | €24,338 | €33,759 | +€9,421 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €644,169 | €767,440 | +€123,271 | +19.1% |
| Income taxes | 67/77 | €193,395 | €232,339 | +€38,944 | +20.1% |
| Taxes | 670/3 | €193,395 | €232,339 | +€38,944 | +20.1% |
| Profit (loss) for the period | 9904 | €450,774 | €535,100 | +€84,326 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €450,774 | €535,100 | +€84,326 | +18.7% |
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 24 October 2026 via checked.be.