POLIGO-ON: 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.
POLIGO-ON
Largest movements
- Tangible fixed assets -€16,010
down €16,010 (-7.6%), from €209,361 to €193,351
of which Plant, machinery and equipment: -€9,715
- Cash -€9,427
down €9,427 (-88.0%), from €10,711 to €1,284
mainly Net result for the year (-€24,336) and Investment in fixed assets (net) (-€2,532)
- Profit (loss) carried forward -€24,336
down €24,336 (-369%), from -€6,597 to -€30,932
- Depreciation +€1,105
up €1,105 (+6.3%), from €17,437 to €18,542
- Gross operating margin +€831
up €831 (+8.6%), from -€9,632 to -€8,801
- Financial income +€313
up €313 (+11.2%), from €2,802 to €3,115
- Financial charges -€99
down €99 (-47.8%), from €207 to €108
of which Financial charges: -€98
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 | €341,666 | €317,706 | -€23,960 | -7.0% |
| Fixed assets | 21/28 | €209,361 | €193,351 | -€16,010 | -7.6% |
| Tangible fixed assets | 22/27 | €209,361 | €193,351 | -€16,010 | -7.6% |
| Land and buildings | 22 | €110,719 | €104,869 | -€5,850 | -5.3% |
| Plant, machinery and equipment | 23 | €96,818 | €87,103 | -€9,715 | -10.0% |
| Furniture and vehicles | 24 | €1,824 | €1,379 | -€446 | -24.4% |
| Current assets | 29/58 | €132,304 | €124,354 | -€7,950 | -6.0% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,369 | €12,817 | +€1,448 | +12.7% |
| Trade receivables | 40 | - | €328 | +€328 | |
| Other amounts receivable | 41 | €11,369 | €12,489 | +€1,120 | +9.9% |
| Cash at bank and in hand | 54/58 | €10,711 | €1,284 | -€9,427 | -88.0% |
| Deferred charges and accrued income | 490/1 | €225 | €254 | +€29 | +12.9% |
| Total equity and liabilities | 10/49 | €341,666 | €317,706 | -€23,960 | -7.0% |
| Equity | 10/15 | €259,712 | €235,376 | -€24,336 | -9.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €253,808 | €253,808 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,948 | €251,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,597 | -€30,932 | -€24,336 | -369% |
| Provisions and deferred taxes | 16 | €81,954 | €81,954 | = | 0.0% |
| Deferred taxes | 168 | €81,954 | €81,954 | = | 0.0% |
| Amounts payable | 17/49 | - | €376 | +€376 | |
| Amounts payable within one year | 42/48 | - | €376 | +€376 | |
| Trade debts | 44 | - | €376 | +€376 | |
| Suppliers | 440/4 | - | €376 | +€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,437 | €18,542 | +€1,105 | +6.3% |
| Non-recurring operating charges | 66A | €1,576 | - | -€1,576 | |
| Gross operating margin | 9900 | -€9,632 | -€8,801 | +€831 | +8.6% |
| Operating profit (loss) | 9901 | -€28,644 | -€27,343 | +€1,301 | +4.5% |
| Financial income | 75/76B | €2,802 | €3,115 | +€313 | +11.2% |
| Recurring financial income | 75 | €2,802 | €3,115 | +€313 | +11.2% |
| Financial charges | 65/66B | €207 | €108 | -€99 | -47.8% |
| Recurring financial charges | 65 | €193 | €96 | -€98 | -50.6% |
| Non-recurring financial charges | 66B | €13 | €12 | -€1 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,048 | -€24,336 | +€1,712 | +6.6% |
| Profit (loss) for the period | 9904 | -€26,048 | -€24,336 | +€1,712 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,048 | -€24,336 | +€1,712 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.