POLIKEM: 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.
POLIKEM
Largest movements
- Cash +€518,614
up €518,614 (+557%), from €93,159 to €611,773
mainly Current investments (+€470,000) and Net result for the year (+€228,306)
- Current investments -€470,000
down €470,000 (-100%), from €470,000 to €0
- Receivables within one year +€239,493
up €239,493 (+779%), from €30,748 to €270,241
of which Trade receivables: +€139,185
- Profit (loss) carried forward +€228,306
up €228,306 (+75.7%), from €301,655 to €529,961
- Trade debts +€37,925
up €37,925 (+76.4%), from €49,627 to €87,552
- Tax, wage and social debts +€24,300
up €24,300 (+57.9%), from €42,000 to €66,300
- Gross operating margin +€91,134
up €91,134 (+47.3%), from €192,843 to €283,977
- Taxes +€24,324
up €24,324 (+54.9%), from €44,285 to €68,610
- Financial income +€7,062
up €7,062 (+92.7%), from €7,618 to €14,680
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 | €594,410 | €883,813 | +€289,404 | +48.7% |
| Fixed assets | 21/28 | €503 | €0 | -€503 | -100% |
| Intangible fixed assets | 21 | €503 | €0 | -€503 | -100% |
| Current assets | 29/58 | €593,906 | €883,813 | +€289,907 | +48.8% |
| Amounts receivable within one year | 40/41 | €30,748 | €270,241 | +€239,493 | +779% |
| Trade receivables | 40 | €28,495 | €167,680 | +€139,185 | +488% |
| Other amounts receivable | 41 | €2,253 | €102,561 | +€100,308 | +4,453% |
| Current investments | 50/53 | €470,000 | €0 | -€470,000 | -100% |
| Cash at bank and in hand | 54/58 | €93,159 | €611,773 | +€518,614 | +557% |
| Deferred charges and accrued income | 490/1 | - | €1,800 | +€1,800 | |
| Total equity and liabilities | 10/49 | €594,410 | €883,813 | +€289,404 | +48.7% |
| Equity | 10/15 | €501,655 | €729,961 | +€228,306 | +45.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301,655 | €529,961 | +€228,306 | +75.7% |
| Amounts payable | 17/49 | €92,755 | €153,852 | +€61,098 | +65.9% |
| Amounts payable within one year | 42/48 | €92,755 | €153,852 | +€61,098 | +65.9% |
| Trade debts | 44 | €49,627 | €87,552 | +€37,925 | +76.4% |
| Suppliers | 440/4 | €49,627 | €87,552 | +€37,925 | +76.4% |
| Taxes, remuneration and social security | 45 | €42,000 | €66,300 | +€24,300 | +57.9% |
| Taxes | 450/3 | €42,000 | €66,300 | +€24,300 | +57.9% |
| Other amounts payable | 47/48 | €1,128 | €0 | -€1,128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,297 | €503 | -€794 | -61.2% |
| Other operating charges | 640/8 | €118 | €387 | +€269 | +228% |
| Gross operating margin | 9900 | €192,843 | €283,977 | +€91,134 | +47.3% |
| Operating profit (loss) | 9901 | €191,428 | €283,086 | +€91,659 | +47.9% |
| Financial income | 75/76B | €7,618 | €14,680 | +€7,062 | +92.7% |
| Recurring financial income | 75 | €7,618 | €14,680 | +€7,062 | +92.7% |
| Financial charges | 65/66B | €2,240 | €850 | -€1,389 | -62.0% |
| Recurring financial charges | 65 | €2,240 | €850 | -€1,389 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €196,806 | €296,916 | +€100,110 | +50.9% |
| Income taxes | 67/77 | €44,285 | €68,610 | +€24,324 | +54.9% |
| Profit (loss) for the period | 9904 | €152,520 | €228,306 | +€75,786 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,520 | €228,306 | +€75,786 | +49.7% |
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 24 October 2026 via checked.be.