POLICO: 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.
POLICO
Largest movements
- Receivables within one year +€55,982
up €55,982 (+1,534%), from €3,650 to €59,632
of which Trade receivables: +€54,923
- Deferred charges and accrued income -€1,616
down €1,616 (-78.6%), from €2,056 to €440
- Profit (loss) carried forward +€48,143
up €48,143 (+58.6%), from -€82,144 to -€34,001
- Other debts +€5,682
up €5,682 (+7.3%), from €78,240 to €83,923
- Gross operating margin +€95,807
up €95,807, from -€46,198 to €49,609
- Financial charges -€766
down €766 (-76.8%), from €998 to €231
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 | €6,444 | €60,686 | +€54,242 | +842% |
| Fixed assets | 21/28 | €635 | €151 | -€484 | -76.2% |
| Tangible fixed assets | 22/27 | €635 | €151 | -€484 | -76.2% |
| Furniture and vehicles | 24 | €635 | €151 | -€484 | -76.2% |
| Current assets | 29/58 | €5,808 | €60,535 | +€54,727 | +942% |
| Amounts receivable within one year | 40/41 | €3,650 | €59,632 | +€55,982 | +1,534% |
| Trade receivables | 40 | €1,077 | €56,000 | +€54,923 | +5,098% |
| Other amounts receivable | 41 | €2,573 | €3,632 | +€1,059 | +41.2% |
| Cash at bank and in hand | 54/58 | €102 | €463 | +€361 | +353% |
| Deferred charges and accrued income | 490/1 | €2,056 | €440 | -€1,616 | -78.6% |
| Total equity and liabilities | 10/49 | €6,444 | €60,686 | +€54,242 | +842% |
| Equity | 10/15 | -€72,144 | -€24,001 | +€48,143 | +66.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,144 | -€34,001 | +€48,143 | +58.6% |
| Amounts payable | 17/49 | €78,588 | €84,687 | +€6,099 | +7.8% |
| Amounts payable within one year | 42/48 | €78,588 | €84,687 | +€6,099 | +7.8% |
| Trade debts | 44 | €8 | €401 | +€394 | +5,094% |
| Suppliers | 440/4 | €8 | €401 | +€394 | +5,094% |
| Taxes, remuneration and social security | 45 | €340 | €363 | +€23 | +6.7% |
| Taxes | 450/3 | €340 | €363 | +€23 | +6.7% |
| Other amounts payable | 47/48 | €78,240 | €83,923 | +€5,682 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €484 | = | 0.0% |
| Other operating charges | 640/8 | €611 | €520 | -€92 | -15.0% |
| Gross operating margin | 9900 | -€46,198 | €49,609 | +€95,807 | |
| Operating profit (loss) | 9901 | -€47,294 | €48,605 | +€95,899 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €998 | €231 | -€766 | -76.8% |
| Recurring financial charges | 65 | €998 | €231 | -€766 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,291 | €48,374 | +€96,665 | |
| Income taxes | 67/77 | €336 | €230 | -€105 | -31.4% |
| Profit (loss) for the period | 9904 | -€48,627 | €48,143 | +€96,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,627 | €48,143 | +€96,770 |
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 18 October 2026 via checked.be.