POLIFINARIO: 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.
POLIFINARIO
Largest movements
- Tangible fixed assets -€10,991
down €10,991 (-7.6%), from €144,271 to €133,280
of which Land and buildings: -€10,326
- Cash -€1,480
down €1,480 (-60.6%), from €2,444 to €964
mainly Net result for the year (-€16,769) and Trade debts (-€162)
- Profit (loss) carried forward -€16,769
down €16,769 (-4.1%), from -€404,265 to -€421,035
- Other debts +€4,500
up €4,500 (+1.4%), from €325,693 to €330,193
- Gross operating margin +€3,081
up €3,081 (+40.2%), from -€7,659 to -€4,578
- Other operating charges -€340
down €340 (-26.2%), from €1,298 to €958
- Depreciation -€167
down €167 (-1.5%), from €11,158 to €10,991
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 | €147,388 | €134,956 | -€12,431 | -8.4% |
| Fixed assets | 21/28 | €144,271 | €133,280 | -€10,991 | -7.6% |
| Tangible fixed assets | 22/27 | €144,271 | €133,280 | -€10,991 | -7.6% |
| Land and buildings | 22 | €140,985 | €130,658 | -€10,326 | -7.3% |
| Furniture and vehicles | 24 | €3,287 | €2,622 | -€665 | -20.2% |
| Current assets | 29/58 | €3,116 | €1,676 | -€1,440 | -46.2% |
| Cash at bank and in hand | 54/58 | €2,444 | €964 | -€1,480 | -60.6% |
| Deferred charges and accrued income | 490/1 | €672 | €712 | +€40 | +6.0% |
| Total equity and liabilities | 10/49 | €147,388 | €134,956 | -€12,431 | -8.4% |
| Equity | 10/15 | -€179,265 | -€196,035 | -€16,769 | -9.4% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€404,265 | -€421,035 | -€16,769 | -4.1% |
| Amounts payable | 17/49 | €326,653 | €330,991 | +€4,338 | +1.3% |
| Amounts payable within one year | 42/48 | €326,653 | €330,991 | +€4,338 | +1.3% |
| Trade debts | 44 | €960 | €798 | -€162 | -16.9% |
| Suppliers | 440/4 | €960 | €798 | -€162 | -16.9% |
| Other amounts payable | 47/48 | €325,693 | €330,193 | +€4,500 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,158 | €10,991 | -€167 | -1.5% |
| Other operating charges | 640/8 | €1,298 | €958 | -€340 | -26.2% |
| Gross operating margin | 9900 | -€7,659 | -€4,578 | +€3,081 | +40.2% |
| Operating profit (loss) | 9901 | -€20,115 | -€16,527 | +€3,588 | +17.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €235 | €242 | +€7 | +3.0% |
| Recurring financial charges | 65 | €235 | €242 | +€7 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,350 | -€16,769 | +€3,581 | +17.6% |
| Profit (loss) for the period | 9904 | -€20,350 | -€16,769 | +€3,581 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,350 | -€16,769 | +€3,581 | +17.6% |
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 29 October 2026 via checked.be.