POLFLIET PATRICK: 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 PATRICK
Largest movements
- Cash +€67,646
up €67,646 (+59.1%), from €114,457 to €182,103
mainly Net result for the year (+€32,983) and Receivables within one year (+€32,790)
- Receivables within one year -€32,790
down €32,790 (-42.8%), from €76,651 to €43,861
of which Trade receivables: -€24,285
- Tangible fixed assets -€7,724
down €7,724 (-29.2%), from €26,493 to €18,769
of which Furniture and vehicles: -€7,259
- Reserves +€26,119
up €26,119 (+17.8%), from €146,725 to €172,844
- Profit (loss) carried forward +€6,864
up €6,864, from -€6,864 to €0
- Debts after one year -€6,534
down €6,534 (-33.9%), from €19,258 to €12,724
- Other debts +€3,724
up €3,724 (+25.1%), from €14,818 to €18,542
- Trade debts -€3,076
down €3,076 (-18.6%), from €16,517 to €13,441
- Staff costs -€27,897
down €27,897 (-17.2%), from €161,894 to €133,997
- Taxes +€8,537
up €8,537 (+199%), from €4,292 to €12,828
- Depreciation -€5,281
down €5,281 (-40.6%), from €13,005 to €7,724
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 | €219,533 | €246,352 | +€26,819 | +12.2% |
| Fixed assets | 21/28 | €26,493 | €18,769 | -€7,724 | -29.2% |
| Tangible fixed assets | 22/27 | €26,493 | €18,769 | -€7,724 | -29.2% |
| Land and buildings | 22 | €1,302 | €838 | -€464 | -35.7% |
| Furniture and vehicles | 24 | €25,191 | €17,931 | -€7,259 | -28.8% |
| Current assets | 29/58 | €193,040 | €227,582 | +€34,542 | +17.9% |
| Amounts receivable within one year | 40/41 | €76,651 | €43,861 | -€32,790 | -42.8% |
| Trade receivables | 40 | €64,583 | €40,298 | -€24,285 | -37.6% |
| Other amounts receivable | 41 | €12,069 | €3,564 | -€8,505 | -70.5% |
| Cash at bank and in hand | 54/58 | €114,457 | €182,103 | +€67,646 | +59.1% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,618 | -€313 | -16.2% |
| Total equity and liabilities | 10/49 | €219,533 | €246,352 | +€26,819 | +12.2% |
| Equity | 10/15 | €139,861 | €172,844 | +€32,983 | +23.6% |
| Reserves | 13 | €146,725 | €172,844 | +€26,119 | +17.8% |
| Distributable reserves | 133 | €146,725 | €172,844 | +€26,119 | +17.8% |
| Profit (loss) carried forward | 14 | -€6,864 | €0 | +€6,864 | |
| Amounts payable | 17/49 | €79,672 | €73,507 | -€6,165 | -7.7% |
| Amounts payable after more than one year | 17 | €19,258 | €12,724 | -€6,534 | -33.9% |
| Financial debts | 170/4 | €19,258 | €12,724 | -€6,534 | -33.9% |
| Amounts payable within one year | 42/48 | €60,414 | €60,783 | +€369 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,263 | €6,534 | +€271 | +4.3% |
| Trade debts | 44 | €16,517 | €13,441 | -€3,076 | -18.6% |
| Suppliers | 440/4 | €16,517 | €13,441 | -€3,076 | -18.6% |
| Taxes, remuneration and social security | 45 | €22,816 | €22,266 | -€551 | -2.4% |
| Taxes | 450/3 | €22,816 | €22,266 | -€551 | -2.4% |
| Other amounts payable | 47/48 | €14,818 | €18,542 | +€3,724 | +25.1% |
| Remuneration, social security and pensions | 62 | €161,894 | €133,997 | -€27,897 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,005 | €7,724 | -€5,281 | -40.6% |
| Other operating charges | 640/8 | €5,239 | €4,111 | -€1,129 | -21.5% |
| Gross operating margin | 9900 | €196,694 | €196,771 | +€77 | 0.0% |
| Operating profit (loss) | 9901 | €16,556 | €50,940 | +€34,384 | +208% |
| Financial income | 75/76B | €896 | €953 | +€57 | +6.4% |
| Recurring financial income | 75 | €896 | €953 | +€57 | +6.4% |
| Financial charges | 65/66B | €7,350 | €6,082 | -€1,269 | -17.3% |
| Recurring financial charges | 65 | €7,350 | €6,082 | -€1,269 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €10,102 | €45,811 | +€35,710 | +353% |
| Income taxes | 67/77 | €4,292 | €12,828 | +€8,537 | +199% |
| Profit (loss) for the period | 9904 | €5,810 | €32,983 | +€27,173 | +468% |
| Profit (loss) for the period to be appropriated | 9905 | €5,810 | €32,983 | +€27,173 | +468% |
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 20 October 2026 via checked.be.