POLIMAT: what changed
Two fiscal 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.
POLIMAT
Largest movements
- Receivables within one year +€219,476
new in 2025: €219,476
of which Other amounts receivable: +€219,188
- Tangible fixed assets -€17,555
down €17,555 (-6.9%), from €254,444 to €236,889
of which Land and buildings: -€17,198
- Cash +€7,700
up €7,700 (+33.7%), from €22,835 to €30,535
mainly Net result for the year (+€206,068) and Depreciation (+€17,555)
- Profit (loss) carried forward +€206,068
up €206,068 (+90.9%), from -€226,727 to -€20,659
- Gross operating margin +€221,114
up €221,114 (+1286.0%), from €17,194 to €238,308
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.
Cash bridge derived
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 | €277,500 | €487,134 | +€209,633 | +75.5% |
| Fixed assets | 21/28 | €254,444 | €236,889 | -€17,555 | -6.9% |
| Tangible fixed assets | 22/27 | €254,444 | €236,889 | -€17,555 | -6.9% |
| Land and buildings | 22 | €249,804 | €232,606 | -€17,198 | -6.9% |
| Furniture and vehicles | 24 | €4,640 | €4,283 | -€357 | -7.7% |
| Current assets | 29/58 | €23,056 | €250,244 | +€227,188 | +985.4% |
| Amounts receivable within one year | 40/41 | - | €219,476 | +€219,476 | |
| Trade receivables | 40 | - | €288 | +€288 | |
| Other amounts receivable | 41 | - | €219,188 | +€219,188 | |
| Cash at bank and in hand | 54/58 | €22,835 | €30,535 | +€7,700 | +33.7% |
| Deferred charges and accrued income | 490/1 | €221 | €233 | +€12 | +5.5% |
| Total equity and liabilities | 10/49 | €277,500 | €487,134 | +€209,633 | +75.5% |
| Equity | 10/15 | -€194,314 | €11,754 | +€206,068 | |
| Contributions | 10/11 | €32,227 | €32,227 | = | 0.0% |
| Reserves | 13 | €186 | €186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,727 | -€20,659 | +€206,068 | +90.9% |
| Amounts payable | 17/49 | €471,814 | €475,380 | +€3,565 | +0.8% |
| Amounts payable after more than one year | 17 | €460,000 | €461,400 | +€1,400 | +0.3% |
| Financial debts | 170/4 | €460,000 | €460,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €1,400 | +€1,400 | |
| Amounts payable within one year | 42/48 | €11,814 | €11,724 | -€91 | -0.8% |
| Trade debts | 44 | €241 | €138 | -€103 | -42.7% |
| Suppliers | 440/4 | €241 | €138 | -€103 | -42.7% |
| Taxes, remuneration and social security | 45 | €120 | €132 | +€12 | +10.3% |
| Taxes | 450/3 | €120 | €132 | +€12 | +10.3% |
| Other amounts payable | 47/48 | €11,454 | €11,454 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,256 | +€2,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,555 | €17,555 | = | 0.0% |
| Other operating charges | 640/8 | €11,842 | €12,264 | +€422 | +3.6% |
| Gross operating margin | 9900 | €17,194 | €238,308 | +€221,114 | +1286.0% |
| Operating profit (loss) | 9901 | -€12,203 | €208,489 | +€220,692 | |
| Financial charges | 65/66B | €135 | €2,421 | +€2,286 | +1693.3% |
| Recurring financial charges | 65 | €135 | €2,421 | +€2,286 | +1693.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,338 | €206,068 | +€218,406 | |
| Profit (loss) for the period | 9904 | -€12,338 | €206,068 | +€218,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,338 | €206,068 | +€218,406 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.