POLISOUSA R: 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.
POLISOUSA R
Largest movements
- Cash +€20,229
up €20,229 (+19.0%), from €106,478 to €126,706
mainly Net result for the year (+€18,251) and Receivables within one year (+€17,835)
- Receivables within one year -€17,835
down €17,835 (-45.3%), from €39,379 to €21,544
of which Trade receivables: -€25,435
- Tangible fixed assets -€6,250
down €6,250 (-14.3%), from €43,578 to €37,328
of which Furniture and vehicles: -€6,232
- Reserves +€18,250
up €18,250 (+17.6%), from €103,900 to €122,150
- Tax, wage and social debts -€11,494
down €11,494 (-69.3%), from €16,583 to €5,089
- Debts after one year -€8,003
down €8,003 (-25.2%), from €31,699 to €23,696
- Trade debts -€4,969
down €4,969 (-97.1%), from €5,120 to €151
- Other debts +€2,051
up €2,051 (+8.6%), from €23,892 to €25,943
- Gross operating margin -€40,644
down €40,644 (-49.4%), from €82,277 to €41,633
- Taxes -€13,708
down €13,708 (-66.0%), from €20,784 to €7,075
- Depreciation +€7,147
up €7,147 (+198.5%), from €3,601 to €10,748
- Financial charges +€1,068
up €1,068 (+100.2%), from €1,066 to €2,134
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 | €191,435 | €187,578 | -€3,856 | -2.0% |
| Fixed assets | 21/28 | €45,578 | €39,328 | -€6,250 | -13.7% |
| Tangible fixed assets | 22/27 | €43,578 | €37,328 | -€6,250 | -14.3% |
| Plant, machinery and equipment | 23 | €4,394 | €4,376 | -€18 | -0.4% |
| Furniture and vehicles | 24 | €39,184 | €32,952 | -€6,232 | -15.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €145,857 | €148,250 | +€2,394 | +1.6% |
| Amounts receivable within one year | 40/41 | €39,379 | €21,544 | -€17,835 | -45.3% |
| Trade receivables | 40 | €39,379 | €13,944 | -€25,435 | -64.6% |
| Other amounts receivable | 41 | - | €7,600 | +€7,600 | |
| Cash at bank and in hand | 54/58 | €106,478 | €126,706 | +€20,229 | +19.0% |
| Total equity and liabilities | 10/49 | €191,435 | €187,578 | -€3,856 | -2.0% |
| Equity | 10/15 | €106,445 | €124,696 | +€18,251 | +17.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €103,900 | €122,150 | +€18,250 | +17.6% |
| Distributable reserves | 133 | €103,900 | €122,150 | +€18,250 | +17.6% |
| Profit (loss) carried forward | 14 | €45 | €46 | +€1 | +2.2% |
| Amounts payable | 17/49 | €84,989 | €62,882 | -€22,107 | -26.0% |
| Amounts payable after more than one year | 17 | €31,699 | €23,696 | -€8,003 | -25.2% |
| Financial debts | 170/4 | €31,699 | €23,696 | -€8,003 | -25.2% |
| Amounts payable within one year | 42/48 | €53,290 | €39,186 | -€14,104 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €7,696 | €8,003 | +€307 | +4.0% |
| Trade debts | 44 | €5,120 | €151 | -€4,969 | -97.1% |
| Suppliers | 440/4 | €5,120 | €151 | -€4,969 | -97.1% |
| Taxes, remuneration and social security | 45 | €16,583 | €5,089 | -€11,494 | -69.3% |
| Taxes | 450/3 | €16,583 | €5,089 | -€11,494 | -69.3% |
| Other amounts payable | 47/48 | €23,892 | €25,943 | +€2,051 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €10,748 | +€7,147 | +198.5% |
| Other operating charges | 640/8 | €3,103 | €3,421 | +€318 | +10.2% |
| Non-recurring operating charges | 66A | €1 | €4 | +€3 | +664.0% |
| Gross operating margin | 9900 | €82,277 | €41,633 | -€40,644 | -49.4% |
| Operating profit (loss) | 9901 | €75,573 | €27,460 | -€48,113 | -63.7% |
| Financial charges | 65/66B | €1,066 | €2,134 | +€1,068 | +100.2% |
| Recurring financial charges | 65 | €1,066 | €2,134 | +€1,068 | +100.2% |
| Profit (loss) for the period before taxes | 9903 | €74,507 | €25,326 | -€49,181 | -66.0% |
| Income taxes | 67/77 | €20,784 | €7,075 | -€13,708 | -66.0% |
| Profit (loss) for the period | 9904 | €53,723 | €18,251 | -€35,472 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,723 | €18,251 | -€35,472 | -66.0% |
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 12 October 2026 via checked.be.