POLISHING ADVANCED SYSTEMS: what changed
POLISHING ADVANCED SYSTEMS
Largest movements
- Stocks and contracts -€32,578
down €32,578 (-19.7%), from €165,784 to €133,205
- Receivables within one year +€15,156
up €15,156 (+94.9%), from €15,971 to €31,127
of which Trade receivables: +€15,193
- Cash +€2,034
up €2,034 (+12.1%), from €16,815 to €18,850
mainly Stocks and contracts (+€32,578) and Net result for the year (+€3,714)
- Trade debts -€22,667
down €22,667 (-28.6%), from €79,291 to €56,624
- Reserves +€3,714
up €3,714 (+3.5%), from €106,220 to €109,934
of which Distributable reserves: +€3,714
- Gross operating margin +€1,834
up €1,834 (+24.2%), from €7,562 to €9,395
- Depreciation +€401
up €401 (+34.5%), from €1,164 to €1,565
- Taxes -€206
down €206 (-7.6%), from €2,696 to €2,491
- Financial charges -€137
down €137 (-11.1%), from €1,225 to €1,089
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,693 | €185,740 | -€16,953 | -8.4% |
| Fixed assets | 21/28 | €4,123 | €2,558 | -€1,565 | -38.0% |
| Tangible fixed assets | 22/27 | €4,123 | €2,558 | -€1,565 | -38.0% |
| Plant, machinery and equipment | 23 | €2,488 | €1,540 | -€948 | -38.1% |
| Furniture and vehicles | 24 | €1,635 | €1,018 | -€617 | -37.7% |
| Current assets | 29/58 | €198,570 | €183,182 | -€15,388 | -7.7% |
| Stocks and contracts in progress | 3 | €165,784 | €133,205 | -€32,578 | -19.7% |
| Stocks | 30/36 | €165,784 | €133,205 | -€32,578 | -19.7% |
| Amounts receivable within one year | 40/41 | €15,971 | €31,127 | +€15,156 | +94.9% |
| Trade receivables | 40 | €11,786 | €26,979 | +€15,193 | +129% |
| Other amounts receivable | 41 | €4,185 | €4,148 | -€37 | -0.9% |
| Cash at bank and in hand | 54/58 | €16,815 | €18,850 | +€2,034 | +12.1% |
| Total equity and liabilities | 10/49 | €202,693 | €185,740 | -€16,953 | -8.4% |
| Equity | 10/15 | €112,420 | €116,134 | +€3,714 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,220 | €109,934 | +€3,714 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,360 | €108,074 | +€3,714 | +3.6% |
| Amounts payable | 17/49 | €90,273 | €69,606 | -€20,667 | -22.9% |
| Amounts payable within one year | 42/48 | €90,273 | €67,606 | -€22,667 | -25.1% |
| Trade debts | 44 | €79,291 | €56,624 | -€22,667 | -28.6% |
| Suppliers | 440/4 | €79,291 | €56,624 | -€22,667 | -28.6% |
| Taxes, remuneration and social security | 45 | €186 | €186 | = | 0.0% |
| Taxes | 450/3 | €186 | €186 | = | 0.0% |
| Other amounts payable | 47/48 | €10,796 | €10,796 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €1,565 | +€401 | +34.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €7,562 | €9,395 | +€1,834 | +24.2% |
| Operating profit (loss) | 9901 | €5,870 | €7,287 | +€1,416 | +24.1% |
| Financial income | 75/76B | €36 | €6 | -€30 | -83.6% |
| Recurring financial income | 75 | €36 | €6 | -€30 | -83.6% |
| Financial charges | 65/66B | €1,225 | €1,089 | -€137 | -11.1% |
| Recurring financial charges | 65 | €1,225 | €1,089 | -€137 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €4,681 | €6,204 | +€1,523 | +32.5% |
| Income taxes | 67/77 | €2,696 | €2,491 | -€206 | -7.6% |
| Profit (loss) for the period | 9904 | €1,985 | €3,714 | +€1,729 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,985 | €3,714 | +€1,729 | +87.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.