POLIS - SERVICE: 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.
What changed
POLIS - SERVICE
NACE 46.432, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€449,338
2024 · €350,907+€98,431
Equity
€756,574
2024 · €657,665+€98,909
Cash
€8,527
2024 · €26,989-€18,462
Balance sheet total
€2.9m
2024 · €2.6m+€323,255
Largest movements
Assets
- Stocks and contracts +€655,294
up €655,294 (+97.2%), from €674,162 to €1.3m
of which Contracts in progress: +€620,150
- Receivables within one year -€245,308
down €245,308 (-31.8%), from €771,556 to €526,248
of which Other amounts receivable: -€136,788
Equity and liabilities
- Current portion of long-term debt +€403,326
up €403,326 (+81.7%), from €493,698 to €897,024
- Trade debts -€174,137
down €174,137 (-54.1%), from €321,874 to €147,737
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Profit (loss) carried forward +€98,025
up €98,025 (+29.2%), from €335,883 to €433,909
- Other debts +€79,454
up €79,454 (+29.2%), from €272,214 to €351,669
Income statement
- Gross operating margin +€131,031
up €131,031 (+15.2%), from €864,839 to €995,871
- Taxes +€33,692
up €33,692 (+29.6%), from €113,679 to €147,371
- Staff costs -€11,004
down €11,004 (-4.4%), from €248,866 to €237,862
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.
Result 2024
€350,907
Gross operating margin
+€131,031
Staff costs
+€11,004
Depreciation
-€7,830
Other operating charges
-€1,825
Financial income
-€7,538
Financial charges
+€7,281
Taxes
-€33,692
Result 2025
€449,338
raises the resultlowers the result
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.
From operations
+€152,930
Investment
-€85,685
Financing
-€85,707
Cash 2024
€26,989
From operations (derived)
+€152,930
Net result for the year
+€449,338
Depreciation
+€104,987
Receivables after one year
+€23,824
Stocks and contracts
-€655,294
Receivables within one year
+€245,308
Deferred charges and accrued income
+€25,143
Trade debts
-€174,137
Tax, wage and social debts
+€23,757
Other debts
+€79,454
Accrued charges and deferred income
+€30,551
Investment (derived)
-€85,685
Investment in fixed assets (net)
-€85,685
Financing
-€85,707
Debts after one year
-€38,605
Current portion of long-term debt
+€403,326
Short-term financial debts
-€100,000
Contributions, distributions and other
-€350,429
Cash 2025
€8,527
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,599,620 | €2,922,875 | +€323,255 | +12.4% |
| Fixed assets | 21/28 | €1,014,581 | €995,278 | -€19,302 | -1.9% |
| Tangible fixed assets | 22/27 | €987,749 | €966,187 | -€21,562 | -2.2% |
| Land and buildings | 22 | €888,925 | €830,136 | -€58,788 | -6.6% |
| Plant, machinery and equipment | 23 | €78,897 | €64,905 | -€13,991 | -17.7% |
| Furniture and vehicles | 24 | €6,418 | €30,664 | +€24,246 | +378% |
| Other tangible fixed assets | 26 | €13,509 | €40,481 | +€26,972 | +200% |
| Financial fixed assets | 28 | €26,832 | €29,092 | +€2,260 | +8.4% |
| Current assets | 29/58 | €1,585,039 | €1,927,597 | +€342,557 | +21.6% |
| Amounts receivable after more than one year | 29 | €84,820 | €60,996 | -€23,824 | -28.1% |
| Other amounts receivable | 291 | €84,820 | €60,996 | -€23,824 | -28.1% |
| Stocks and contracts in progress | 3 | €674,162 | €1,329,456 | +€655,294 | +97.2% |
| Stocks | 30/36 | €575,083 | €610,228 | +€35,145 | +6.1% |
| Contracts in progress | 37 | €99,078 | €719,228 | +€620,150 | +626% |
| Amounts receivable within one year | 40/41 | €771,556 | €526,248 | -€245,308 | -31.8% |
| Trade receivables | 40 | €550,132 | €441,612 | -€108,520 | -19.7% |
| Other amounts receivable | 41 | €221,424 | €84,636 | -€136,788 | -61.8% |
| Cash at bank and in hand | 54/58 | €26,989 | €8,527 | -€18,462 | -68.4% |
| Deferred charges and accrued income | 490/1 | €27,512 | €2,369 | -€25,143 | -91.4% |
| Total equity and liabilities | 10/49 | €2,599,620 | €2,922,875 | +€323,255 | +12.4% |
| Equity | 10/15 | €657,665 | €756,574 | +€98,909 | +15.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €301,782 | €302,665 | +€883 | +0.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,226 | €1,226 | = | 0.0% |
| Distributable reserves | 133 | €298,556 | €299,439 | +€883 | +0.3% |
| Profit (loss) carried forward | 14 | €335,883 | €433,909 | +€98,025 | +29.2% |
| Amounts payable | 17/49 | €1,941,955 | €2,166,301 | +€224,346 | +11.6% |
| Amounts payable after more than one year | 17 | €672,062 | €633,457 | -€38,605 | -5.7% |
| Financial debts | 170/4 | €672,062 | €633,457 | -€38,605 | -5.7% |
| Amounts payable within one year | 42/48 | €1,233,993 | €1,466,393 | +€232,400 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €493,698 | €897,024 | +€403,326 | +81.7% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €321,874 | €147,737 | -€174,137 | -54.1% |
| Suppliers | 440/4 | €321,874 | €147,737 | -€174,137 | -54.1% |
| Taxes, remuneration and social security | 45 | €46,207 | €69,963 | +€23,757 | +51.4% |
| Taxes | 450/3 | €25,278 | €60,141 | +€34,864 | +138% |
| Remuneration and social security | 454/9 | €20,929 | €9,822 | -€11,107 | -53.1% |
| Other amounts payable | 47/48 | €272,214 | €351,669 | +€79,454 | +29.2% |
| Accrued charges and deferred income | 492/3 | €35,900 | €66,451 | +€30,551 | +85.1% |
| Non-recurring operating income | 76A | €4,575 | €11,142 | +€6,567 | +144% |
| Remuneration, social security and pensions | 62 | €248,866 | €237,862 | -€11,004 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,157 | €104,987 | +€7,830 | +8.1% |
| Other operating charges | 640/8 | €5,527 | €7,352 | +€1,825 | +33.0% |
| Gross operating margin | 9900 | €864,839 | €995,871 | +€131,031 | +15.2% |
| Operating profit (loss) | 9901 | €513,290 | €645,670 | +€132,380 | +25.8% |
| Financial income | 75/76B | €14,578 | €7,041 | -€7,538 | -51.7% |
| Recurring financial income | 75 | €14,578 | €7,041 | -€7,538 | -51.7% |
| Financial charges | 65/66B | €63,282 | €56,001 | -€7,281 | -11.5% |
| Recurring financial charges | 65 | €63,282 | €56,001 | -€7,281 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €464,586 | €596,709 | +€132,123 | +28.4% |
| Income taxes | 67/77 | €113,679 | €147,371 | +€33,692 | +29.6% |
| Profit (loss) for the period | 9904 | €350,907 | €449,338 | +€98,431 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €350,907 | €449,338 | +€98,431 | +28.1% |
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 24 October 2026 via checked.be.