POLIMPEX - Zwalm: 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.
POLIMPEX - Zwalm
Largest movements
- Cash +€12,590
up €12,590 (+4.7%), from €266,192 to €278,782
mainly Net result for the year (+€14,160) and Depreciation (+€6,468)
- Receivables within one year +€4,916
up €4,916 (+47.1%), from €10,438 to €15,355
of which Other amounts receivable: +€4,230
- Tangible fixed assets -€3,042
down €3,042 (-33.0%), from €9,212 to €6,169
of which Furniture and vehicles: -€2,198
- Reserves +€14,160
up €14,160 (+5.4%), from €264,625 to €278,784
- Gross operating margin -€14,270
down €14,270 (-30.8%), from €46,366 to €32,096
- Taxes -€4,463
down €4,463 (-30.4%), from €14,662 to €10,200
- Financial charges +€484
up €484 (+201%), from €240 to €725
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 | €287,041 | €301,593 | +€14,551 | +5.1% |
| Fixed assets | 21/28 | €9,212 | €6,169 | -€3,042 | -33.0% |
| Tangible fixed assets | 22/27 | €9,212 | €6,169 | -€3,042 | -33.0% |
| Plant, machinery and equipment | 23 | €595 | €0 | -€595 | -100% |
| Furniture and vehicles | 24 | €8,368 | €6,169 | -€2,198 | -26.3% |
| Other tangible fixed assets | 26 | €249 | €0 | -€249 | -100% |
| Current assets | 29/58 | €277,830 | €295,423 | +€17,594 | +6.3% |
| Amounts receivable within one year | 40/41 | €10,438 | €15,355 | +€4,916 | +47.1% |
| Trade receivables | 40 | €8,000 | €8,686 | +€686 | +8.6% |
| Other amounts receivable | 41 | €2,438 | €6,669 | +€4,230 | +173% |
| Cash at bank and in hand | 54/58 | €266,192 | €278,782 | +€12,590 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,286 | +€88 | +7.3% |
| Total equity and liabilities | 10/49 | €287,041 | €301,593 | +€14,551 | +5.1% |
| Equity | 10/15 | €283,217 | €297,376 | +€14,160 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €264,625 | €278,784 | +€14,160 | +5.4% |
| Distributable reserves | 133 | €264,625 | €278,784 | +€14,160 | +5.4% |
| Amounts payable | 17/49 | €3,824 | €4,216 | +€392 | +10.2% |
| Amounts payable within one year | 42/48 | €3,824 | €4,216 | +€392 | +10.2% |
| Financial debts | 43 | €287 | €2,720 | +€2,433 | +849% |
| Credit institutions | 430/8 | €287 | €2,720 | +€2,433 | +849% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,372 | €1,463 | -€909 | -38.3% |
| Taxes | 450/3 | €2,372 | €1,463 | -€909 | -38.3% |
| Other amounts payable | 47/48 | €1,166 | €33 | -€1,133 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,876 | €6,468 | -€408 | -5.9% |
| Other operating charges | 640/8 | €869 | €544 | -€325 | -37.4% |
| Gross operating margin | 9900 | €46,366 | €32,096 | -€14,270 | -30.8% |
| Operating profit (loss) | 9901 | €38,621 | €25,084 | -€13,537 | -35.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €240 | €725 | +€484 | +201% |
| Recurring financial charges | 65 | €240 | €725 | +€484 | +201% |
| Profit (loss) for the period before taxes | 9903 | €38,381 | €24,359 | -€14,022 | -36.5% |
| Income taxes | 67/77 | €14,662 | €10,200 | -€4,463 | -30.4% |
| Profit (loss) for the period | 9904 | €23,719 | €14,160 | -€9,559 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,719 | €14,160 | -€9,559 | -40.3% |
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 23 October 2026 via checked.be.