POLFIEN: 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.
POLFIEN
Largest movements
- Tangible fixed assets -€6,812
down €6,812 (-20.0%), from €33,975 to €27,164
of which Plant, machinery and equipment: -€4,552
- Cash +€3,688
up €3,688 (+50.3%), from €7,336 to €11,024
mainly Net result for the year (+€13,332) and Depreciation (+€11,451)
- Current investments -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Receivables within one year +€736
up €736 (+55.2%), from €1,333 to €2,069
of which Other amounts receivable: +€1,183
- Profit (loss) carried forward +€12,705
up €12,705, from -€12,705 to €0
- Other debts -€7,796
down €7,796 (-22.6%), from €34,456 to €26,660
- Current portion of long-term debt -€4,594
down €4,594 (-74.8%), from €6,142 to €1,548
- Tax, wage and social debts -€3,800
down €3,800 (-94.2%), from €4,032 to €233
of which Taxes: -€3,082
- Advances received -€1,574
down €1,574 (-40.5%), from €3,884 to €2,310
- Staff costs -€17,687
down €17,687 (-74.2%), from €23,840 to €6,152
- Gross operating margin -€15,935
down €15,935 (-32.1%), from €49,698 to €33,763
- Other operating charges +€1,140
up €1,140 (+81.3%), from €1,402 to €2,541
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.
Cash bridge derived
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 | €56,692 | €51,143 | -€5,550 | -9.8% |
| Fixed assets | 21/28 | €36,234 | €29,323 | -€6,912 | -19.1% |
| Intangible fixed assets | 21 | €621 | €521 | -€100 | -16.1% |
| Tangible fixed assets | 22/27 | €33,975 | €27,164 | -€6,812 | -20.0% |
| Plant, machinery and equipment | 23 | €11,003 | €6,451 | -€4,552 | -41.4% |
| Furniture and vehicles | 24 | €12,489 | €11,008 | -€1,481 | -11.9% |
| Other tangible fixed assets | 26 | €10,483 | €9,705 | -€779 | -7.4% |
| Financial fixed assets | 28 | €1,638 | €1,638 | = | 0.0% |
| Current assets | 29/58 | €20,458 | €21,820 | +€1,362 | +6.7% |
| Stocks and contracts in progress | 3 | €5,848 | €5,392 | -€456 | -7.8% |
| Stocks | 30/36 | €5,848 | €5,392 | -€456 | -7.8% |
| Amounts receivable within one year | 40/41 | €1,333 | €2,069 | +€736 | +55.2% |
| Trade receivables | 40 | €1,310 | €864 | -€446 | -34.1% |
| Other amounts receivable | 41 | €23 | €1,206 | +€1,183 | +5093.2% |
| Current investments | 50/53 | €2,500 | €0 | -€2,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,336 | €11,024 | +€3,688 | +50.3% |
| Deferred charges and accrued income | 490/1 | €3,442 | €3,335 | -€107 | -3.1% |
| Total equity and liabilities | 10/49 | €56,692 | €51,143 | -€5,550 | -9.8% |
| Equity | 10/15 | -€2,705 | €10,627 | +€13,332 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €627 | +€627 | |
| Distributable reserves | 133 | - | €627 | +€627 | |
| Profit (loss) carried forward | 14 | -€12,705 | €0 | +€12,705 | |
| Amounts payable | 17/49 | €59,398 | €40,516 | -€18,881 | -31.8% |
| Amounts payable after more than one year | 17 | €1,548 | €0 | -€1,548 | -100.0% |
| Financial debts | 170/4 | €1,548 | €0 | -€1,548 | -100.0% |
| Amounts payable within one year | 42/48 | €56,211 | €38,059 | -€18,152 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €6,142 | €1,548 | -€4,594 | -74.8% |
| Trade debts | 44 | €7,697 | €7,308 | -€388 | -5.0% |
| Suppliers | 440/4 | €7,697 | €7,308 | -€388 | -5.0% |
| Advances received on contracts in progress | 46 | €3,884 | €2,310 | -€1,574 | -40.5% |
| Taxes, remuneration and social security | 45 | €4,032 | €233 | -€3,800 | -94.2% |
| Taxes | 450/3 | €3,315 | €233 | -€3,082 | -93.0% |
| Remuneration and social security | 454/9 | €718 | €0 | -€718 | -100.0% |
| Other amounts payable | 47/48 | €34,456 | €26,660 | -€7,796 | -22.6% |
| Accrued charges and deferred income | 492/3 | €1,638 | €2,457 | +€819 | +50.0% |
| Remuneration, social security and pensions | 62 | €23,840 | €6,152 | -€17,687 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,738 | €11,451 | -€287 | -2.4% |
| Other operating charges | 640/8 | €1,402 | €2,541 | +€1,140 | +81.3% |
| Non-recurring operating charges | 66A | €2,330 | €0 | -€2,330 | -100.0% |
| Gross operating margin | 9900 | €49,698 | €33,763 | -€15,935 | -32.1% |
| Operating profit (loss) | 9901 | €10,389 | €13,619 | +€3,229 | +31.1% |
| Financial income | 75/76B | €7 | €113 | +€107 | +1564.6% |
| Recurring financial income | 75 | €7 | €113 | +€107 | +1564.6% |
| Financial charges | 65/66B | €309 | €248 | -€61 | -19.7% |
| Recurring financial charges | 65 | €309 | €248 | -€61 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €10,087 | €13,484 | +€3,397 | +33.7% |
| Income taxes | 67/77 | €248 | €153 | -€95 | -38.4% |
| Profit (loss) for the period | 9904 | €9,840 | €13,332 | +€3,492 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,840 | €13,332 | +€3,492 | +35.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.