POLINIVO: what changed
What changed
POLINIVO
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€451,670
2024 · €215,647+€236,023
Equity
€734,769
2024 · €283,099+€451,670
Cash
€389,448
2024 · €65,697+€323,750
Balance sheet total
€829,430
2024 · €438,579+€390,851
Largest movements
Assets
- Cash +€323,750
up €323,750 (+493%), from €65,697 to €389,448
mainly Net result for the year (+€451,670) and Receivables within one year (+€9,899)
- Current investments +€75,000
up €75,000 (+23.1%), from €325,000 to €400,000
- Receivables within one year -€9,899
down €9,899 (-21.1%), from €46,898 to €36,999
of which Trade receivables: -€9,931
Equity and liabilities
- Reserves +€451,670
up €451,670 (+172%), from €262,099 to €713,769
- Other debts -€52,500
down €52,500 (-100%), from €52,500 to €0
- Accrued charges and deferred income -€9,099
down €9,099 (-100%), from €9,099 to €0
Income statement
- Gross operating margin +€279,848
up €279,848 (+75.6%), from €369,944 to €649,792
- Staff costs +€35,574
up €35,574 (+29.2%), from €121,727 to €157,301
- Taxes +€15,617
up €15,617 (+49.2%), from €31,711 to €47,328
- Financial income +€6,847
up €6,847 (+1,527%), from €448 to €7,296
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€215,647
Gross operating margin
+€279,848
Staff costs
-€35,574
Depreciation
-€112
Financial income
+€6,847
Financial charges
+€630
Taxes
-€15,617
Result 2025
€451,670
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€405,419
Investment
-€77,231
Financing
-€4,439
Cash 2024
€65,697
From operations (derived)
+€405,419
Net result for the year
+€451,670
Depreciation
+€676
Receivables within one year
+€9,899
Deferred charges and accrued income
-€445
Trade debts
-€2,356
Tax, wage and social debts
+€7,575
Other debts
-€52,500
Accrued charges and deferred income
-€9,099
Investment (derived)
-€77,231
Investment in fixed assets (net)
-€2,231
Current investments
-€75,000
Financing
-€4,439
Short-term financial debts
-€4,439
Cash 2025
€389,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,579 | €829,430 | +€390,851 | +89.1% |
| Fixed assets | 21/28 | €408 | €1,963 | +€1,555 | +381% |
| Tangible fixed assets | 22/27 | €348 | €1,903 | +€1,555 | +447% |
| Furniture and vehicles | 24 | €348 | €1,903 | +€1,555 | +447% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €438,171 | €827,468 | +€389,297 | +88.8% |
| Amounts receivable within one year | 40/41 | €46,898 | €36,999 | -€9,899 | -21.1% |
| Trade receivables | 40 | €46,892 | €36,962 | -€9,931 | -21.2% |
| Other amounts receivable | 41 | €5 | €37 | +€32 | +582% |
| Current investments | 50/53 | €325,000 | €400,000 | +€75,000 | +23.1% |
| Cash at bank and in hand | 54/58 | €65,697 | €389,448 | +€323,750 | +493% |
| Deferred charges and accrued income | 490/1 | €576 | €1,021 | +€445 | +77.3% |
| Total equity and liabilities | 10/49 | €438,579 | €829,430 | +€390,851 | +89.1% |
| Equity | 10/15 | €283,099 | €734,769 | +€451,670 | +160% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €262,099 | €713,769 | +€451,670 | +172% |
| Distributable reserves | 133 | €262,099 | €713,769 | +€451,670 | +172% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €155,480 | €94,661 | -€60,819 | -39.1% |
| Amounts payable within one year | 42/48 | €146,381 | €94,661 | -€51,720 | -35.3% |
| Financial debts | 43 | €5,600 | €1,161 | -€4,439 | -79.3% |
| Credit institutions | 430/8 | €5,600 | €1,161 | -€4,439 | -79.3% |
| Trade debts | 44 | €11,419 | €9,063 | -€2,356 | -20.6% |
| Suppliers | 440/4 | €11,419 | €9,063 | -€2,356 | -20.6% |
| Taxes, remuneration and social security | 45 | €76,862 | €84,437 | +€7,575 | +9.9% |
| Taxes | 450/3 | €62,768 | €52,797 | -€9,971 | -15.9% |
| Remuneration and social security | 454/9 | €14,094 | €31,640 | +€17,546 | +124% |
| Other amounts payable | 47/48 | €52,500 | €0 | -€52,500 | -100% |
| Accrued charges and deferred income | 492/3 | €9,099 | €0 | -€9,099 | -100% |
| Remuneration, social security and pensions | 62 | €121,727 | €157,301 | +€35,574 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €676 | +€112 | +19.8% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €369,944 | €649,792 | +€279,848 | +75.6% |
| Operating profit (loss) | 9901 | €247,653 | €491,816 | +€244,163 | +98.6% |
| Financial income | 75/76B | €448 | €7,296 | +€6,847 | +1,527% |
| Recurring financial income | 75 | €448 | €7,296 | +€6,847 | +1,527% |
| Financial charges | 65/66B | €743 | €113 | -€630 | -84.8% |
| Recurring financial charges | 65 | €743 | €113 | -€630 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €247,358 | €498,998 | +€251,640 | +102% |
| Income taxes | 67/77 | €31,711 | €47,328 | +€15,617 | +49.2% |
| Profit (loss) for the period | 9904 | €215,647 | €451,670 | +€236,023 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €215,647 | €451,670 | +€236,023 | +109% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.