Poleyn: 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.
Poleyn
Largest movements
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Cash +€44,929
up €44,929 (+78.9%), from €56,932 to €101,861
mainly Current investments (+€75,000) and Depreciation (+€31,084)
- Tangible fixed assets -€24,065
down €24,065 (-25.2%), from €95,448 to €71,383
of which Land and buildings: -€18,263
- Debts after one year -€43,690
down €43,690 (-78.9%), from €55,406 to €11,716
- Profit (loss) carried forward -€24,253
down €24,253, from €0 to -€24,253
- Trade debts +€12,413
up €12,413 (+21.6%), from €57,517 to €69,930
- Current portion of long-term debt -€11,055
down €11,055 (-20.2%), from €54,744 to €43,690
- Other debts +€6,880
up €6,880 (+3.9%), from €175,327 to €182,207
- Gross operating margin -€171,223
down €171,223 (-91.0%), from €188,095 to €16,871
- Taxes -€24,789
down €24,789 (-100%), from €24,789 to €0
- Staff costs -€20,859
down €20,859 (-85.3%), from €24,463 to €3,605
- Depreciation -€13,159
down €13,159 (-29.7%), from €44,242 to €31,084
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 | €470,030 | €410,802 | -€59,229 | -12.6% |
| Fixed assets | 21/28 | €95,448 | €71,383 | -€24,065 | -25.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €95,448 | €71,383 | -€24,065 | -25.2% |
| Land and buildings | 22 | €58,430 | €40,167 | -€18,263 | -31.3% |
| Plant, machinery and equipment | 23 | €14,789 | €20,518 | +€5,729 | +38.7% |
| Furniture and vehicles | 24 | €22,229 | €10,698 | -€11,531 | -51.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €374,582 | €339,419 | -€35,163 | -9.4% |
| Stocks and contracts in progress | 3 | €70,644 | €67,816 | -€2,828 | -4.0% |
| Stocks | 30/36 | €70,644 | €67,816 | -€2,828 | -4.0% |
| Amounts receivable within one year | 40/41 | €169,588 | €167,000 | -€2,588 | -1.5% |
| Trade receivables | 40 | €163,198 | €160,200 | -€2,998 | -1.8% |
| Other amounts receivable | 41 | €6,390 | €6,801 | +€410 | +6.4% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €56,932 | €101,861 | +€44,929 | +78.9% |
| Deferred charges and accrued income | 490/1 | €2,418 | €2,742 | +€324 | +13.4% |
| Total equity and liabilities | 10/49 | €470,030 | €410,802 | -€59,229 | -12.6% |
| Equity | 10/15 | €125,547 | €101,295 | -€24,253 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,947 | €106,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €106,947 | €106,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€24,253 | -€24,253 | |
| Amounts payable | 17/49 | €344,483 | €309,507 | -€34,976 | -10.2% |
| Amounts payable after more than one year | 17 | €55,406 | €11,716 | -€43,690 | -78.9% |
| Financial debts | 170/4 | €55,406 | €11,716 | -€43,690 | -78.9% |
| Amounts payable within one year | 42/48 | €289,077 | €297,790 | +€8,714 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €54,744 | €43,690 | -€11,055 | -20.2% |
| Trade debts | 44 | €57,517 | €69,930 | +€12,413 | +21.6% |
| Suppliers | 440/4 | €57,517 | €69,930 | +€12,413 | +21.6% |
| Taxes, remuneration and social security | 45 | €1,489 | €1,964 | +€475 | +31.9% |
| Taxes | 450/3 | €1,489 | €1,339 | -€149 | -10.0% |
| Remuneration and social security | 454/9 | €0 | €624 | +€624 | |
| Other amounts payable | 47/48 | €175,327 | €182,207 | +€6,880 | +3.9% |
| Non-recurring operating income | 76A | €232,461 | €32,004 | -€200,458 | -86.2% |
| Remuneration, social security and pensions | 62 | €24,463 | €3,605 | -€20,859 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,242 | €31,084 | -€13,159 | -29.7% |
| Other operating charges | 640/8 | €3,965 | €3,541 | -€423 | -10.7% |
| Non-recurring operating charges | 66A | €4,488 | €0 | -€4,488 | -100% |
| Gross operating margin | 9900 | €188,095 | €16,871 | -€171,223 | -91.0% |
| Operating profit (loss) | 9901 | €110,936 | -€21,359 | -€132,295 | |
| Financial income | 75/76B | €1,102 | €1,018 | -€84 | -7.6% |
| Recurring financial income | 75 | €1,102 | €1,018 | -€84 | -7.6% |
| Financial charges | 65/66B | €4,539 | €3,912 | -€626 | -13.8% |
| Recurring financial charges | 65 | €4,539 | €3,912 | -€626 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €107,500 | -€24,253 | -€131,752 | |
| Income taxes | 67/77 | €24,789 | €0 | -€24,789 | -100% |
| Profit (loss) for the period | 9904 | €82,710 | -€24,253 | -€106,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,710 | -€24,253 | -€106,963 |
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 25 October 2026 via checked.be.