POLIDORE: 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.
POLIDORE
Largest movements
- Receivables within one year +€8,541
up €8,541 (+274%), from €3,115 to €11,657
of which Trade receivables: +€8,828
- Tangible fixed assets -€7,645
down €7,645 (-44.8%), from €17,054 to €9,410
of which Furniture and vehicles: -€4,959
- Intangible fixed assets -€6,142
down €6,142 (-25.0%), from €24,568 to €18,426
- Deferred charges and accrued income +€746
up €746 (+610%), from €122 to €868
- Other debts +€42,646
up €42,646 (+1,068%), from €3,994 to €46,640
- Debts after one year -€27,328
down €27,328 (-17.5%), from €156,022 to €128,694
of which Financial debts: -€27,328
- Profit (loss) carried forward -€15,695
down €15,695 (-10.8%), from -€145,542 to -€161,238
- Current portion of long-term debt -€11,637
no longer reported in 2025 (was €11,637)
- Trade debts +€4,168
up €4,168 (+909%), from €459 to €4,626
- Gross operating margin -€7,014
down €7,014 (-80.9%), from €8,666 to €1,652
- Other operating charges +€1,673
up €1,673 (+2,698%), from €62 to €1,735
- Depreciation -€638
down €638 (-6.6%), from €9,739 to €9,101
- Financial charges -€189
down €189 (-9.4%), from €2,015 to €1,826
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 | €45,119 | €40,361 | -€4,758 | -10.5% |
| Fixed assets | 21/28 | €41,847 | €27,836 | -€14,012 | -33.5% |
| Intangible fixed assets | 21 | €24,568 | €18,426 | -€6,142 | -25.0% |
| Tangible fixed assets | 22/27 | €17,054 | €9,410 | -€7,645 | -44.8% |
| Land and buildings | 22 | €2,686 | - | -€2,686 | |
| Furniture and vehicles | 24 | €14,368 | €9,410 | -€4,959 | -34.5% |
| Financial fixed assets | 28 | €225 | - | -€225 | |
| Current assets | 29/58 | €3,272 | €12,525 | +€9,253 | +283% |
| Amounts receivable within one year | 40/41 | €3,115 | €11,657 | +€8,541 | +274% |
| Trade receivables | 40 | €2,706 | €11,534 | +€8,828 | +326% |
| Other amounts receivable | 41 | €410 | €123 | -€287 | -69.9% |
| Cash at bank and in hand | 54/58 | €34 | - | -€34 | |
| Deferred charges and accrued income | 490/1 | €122 | €868 | +€746 | +610% |
| Total equity and liabilities | 10/49 | €45,119 | €40,361 | -€4,758 | -10.5% |
| Equity | 10/15 | -€126,992 | -€142,688 | -€15,695 | -12.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,542 | -€161,238 | -€15,695 | -10.8% |
| Amounts payable | 17/49 | €172,111 | €183,048 | +€10,937 | +6.4% |
| Amounts payable after more than one year | 17 | €156,022 | €128,694 | -€27,328 | -17.5% |
| Financial debts | 170/4 | €27,328 | - | -€27,328 | |
| Other amounts payable | 178/9 | €128,694 | €128,694 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,089 | €54,354 | +€38,265 | +238% |
| Current portion of amounts payable after more than one year | 42 | €11,637 | - | -€11,637 | |
| Financial debts | 43 | - | €2,853 | +€2,853 | |
| Credit institutions | 430/8 | - | €2,853 | +€2,853 | |
| Trade debts | 44 | €459 | €4,626 | +€4,168 | +909% |
| Suppliers | 440/4 | €459 | €4,626 | +€4,168 | +909% |
| Taxes, remuneration and social security | 45 | - | €235 | +€235 | |
| Taxes | 450/3 | - | €235 | +€235 | |
| Other amounts payable | 47/48 | €3,994 | €46,640 | +€42,646 | +1,068% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,739 | €9,101 | -€638 | -6.6% |
| Other operating charges | 640/8 | €62 | €1,735 | +€1,673 | +2,698% |
| Non-recurring operating charges | 66A | €792 | €4,686 | +€3,893 | +491% |
| Gross operating margin | 9900 | €8,666 | €1,652 | -€7,014 | -80.9% |
| Operating profit (loss) | 9901 | -€1,927 | -€13,869 | -€11,942 | -620% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,015 | €1,826 | -€189 | -9.4% |
| Recurring financial charges | 65 | €2,015 | €1,826 | -€189 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,942 | -€15,695 | -€11,753 | -298% |
| Profit (loss) for the period | 9904 | -€3,942 | -€15,695 | -€11,753 | -298% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,942 | -€15,695 | -€11,753 | -298% |
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 13 October 2026 via checked.be.