POLFLIET: 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.
POLFLIET
Largest movements
- Tangible fixed assets +€49,254
up €49,254 (+9.7%), from €506,594 to €555,848
of which Plant, machinery and equipment: +€67,835
- Cash -€25,238
down €25,238 (-51.4%), from €49,144 to €23,906
mainly Investment in fixed assets (net) (-€86,433) and Debts after one year (-€25,850)
- Receivables within one year -€13,369
down €13,369 (-85.4%), from €15,660 to €2,291
of which Other amounts receivable: -€11,510
- Reserves +€28,165
up €28,165 (+41.4%), from €68,112 to €96,276
- Debts after one year -€25,850
down €25,850 (-6.7%), from €387,150 to €361,300
- Other debts +€17,869
new in 2025: €17,869
- Trade debts -€16,982
down €16,982 (-52.1%), from €32,595 to €15,613
- Gross operating margin +€15,634
up €15,634 (+10.9%), from €143,107 to €158,742
- Staff costs +€8,387
up €8,387 (+13.6%), from €61,482 to €69,868
- Financial income -€5,705
down €5,705 (-75.8%), from €7,521 to €1,817
- Taxes +€4,699
up €4,699 (+67.9%), from €6,924 to €11,623
- Depreciation -€2,279
down €2,279 (-5.8%), from €39,458 to €37,179
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 | €592,760 | €599,414 | +€6,654 | +1.1% |
| Fixed assets | 21/28 | €506,594 | €555,848 | +€49,254 | +9.7% |
| Tangible fixed assets | 22/27 | €506,594 | €555,848 | +€49,254 | +9.7% |
| Land and buildings | 22 | €450,284 | €427,109 | -€23,175 | -5.1% |
| Plant, machinery and equipment | 23 | €53,078 | €120,913 | +€67,835 | +127.8% |
| Furniture and vehicles | 24 | €3,233 | €7,827 | +€4,594 | +142.1% |
| Current assets | 29/58 | €86,166 | €43,566 | -€42,600 | -49.4% |
| Stocks and contracts in progress | 3 | €20,843 | €17,369 | -€3,474 | -16.7% |
| Stocks | 30/36 | €20,843 | €17,369 | -€3,474 | -16.7% |
| Amounts receivable within one year | 40/41 | €15,660 | €2,291 | -€13,369 | -85.4% |
| Trade receivables | 40 | €1,990 | €132 | -€1,858 | -93.4% |
| Other amounts receivable | 41 | €13,670 | €2,159 | -€11,510 | -84.2% |
| Cash at bank and in hand | 54/58 | €49,144 | €23,906 | -€25,238 | -51.4% |
| Deferred charges and accrued income | 490/1 | €520 | €0 | -€520 | -100.0% |
| Total equity and liabilities | 10/49 | €592,760 | €599,414 | +€6,654 | +1.1% |
| Equity | 10/15 | €128,112 | €156,276 | +€28,165 | +22.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,112 | €96,276 | +€28,165 | +41.4% |
| Distributable reserves | 133 | €68,112 | €96,276 | +€28,165 | +41.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €464,648 | €443,138 | -€21,510 | -4.6% |
| Amounts payable after more than one year | 17 | €387,150 | €361,300 | -€25,850 | -6.7% |
| Financial debts | 170/4 | €387,150 | €361,300 | -€25,850 | -6.7% |
| Amounts payable within one year | 42/48 | €77,498 | €79,348 | +€1,850 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €25,833 | €25,850 | +€17 | +0.1% |
| Trade debts | 44 | €32,595 | €15,613 | -€16,982 | -52.1% |
| Suppliers | 440/4 | €32,595 | €15,613 | -€16,982 | -52.1% |
| Taxes, remuneration and social security | 45 | €19,070 | €20,017 | +€946 | +5.0% |
| Taxes | 450/3 | €17,612 | €12,633 | -€4,979 | -28.3% |
| Remuneration and social security | 454/9 | €1,458 | €7,383 | +€5,925 | +406.4% |
| Other amounts payable | 47/48 | - | €17,869 | +€17,869 | |
| Accrued charges and deferred income | 492/3 | - | €2,490 | +€2,490 | |
| Remuneration, social security and pensions | 62 | €61,482 | €69,868 | +€8,387 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,458 | €37,179 | -€2,279 | -5.8% |
| Other operating charges | 640/8 | €1,753 | €2,716 | +€964 | +55.0% |
| Gross operating margin | 9900 | €143,107 | €158,742 | +€15,634 | +10.9% |
| Operating profit (loss) | 9901 | €40,415 | €48,978 | +€8,563 | +21.2% |
| Financial income | 75/76B | €7,521 | €1,817 | -€5,705 | -75.8% |
| Recurring financial income | 75 | €7,521 | €1,817 | -€5,705 | -75.8% |
| Financial charges | 65/66B | €9,196 | €10,148 | +€952 | +10.4% |
| Recurring financial charges | 65 | €9,196 | €10,148 | +€952 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €38,741 | €40,646 | +€1,906 | +4.9% |
| Income taxes | 67/77 | €6,924 | €11,623 | +€4,699 | +67.9% |
| Profit (loss) for the period | 9904 | €31,817 | €29,024 | -€2,794 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,817 | €29,024 | -€2,794 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.