POLIZZIMMO: what changed
Two fiscal 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.
POLIZZIMMO
Largest movements
- Tangible fixed assets +€323,035
up €323,035 (+60.5%), from €533,785 to €856,820
- Cash +€13,665
up €13,665 (+161.3%), from €8,473 to €22,138
mainly Debts after one year (+€326,773) and Depreciation (+€99,529)
- Debts after one year +€326,773
up €326,773 (+97.3%), from €335,928 to €662,701
- Trade debts +€59,271
up €59,271 (+5442.7%), from €1,089 to €60,360
- Profit (loss) carried forward -€40,950
down €40,950 (-1950.6%), from -€2,099 to -€43,049
- Other debts -€20,851
down €20,851 (-13.8%), from €151,340 to €130,489
- Current portion of long-term debt +€14,619
up €14,619 (+41.4%), from €35,299 to €49,918
- Depreciation +€76,231
up €76,231 (+327.2%), from €23,299 to €99,529
- Gross operating margin +€22,890
up €22,890 (+42.3%), from €54,125 to €77,015
- Write-downs -€14,267
no longer reported in 2025 (was €14,267)
- Financial charges +€13,655
new in 2025: €13,655
- Taxes -€10,969
no longer reported in 2025 (was €10,969)
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 | €542,664 | €879,800 | +€337,136 | +62.1% |
| Fixed assets | 21/28 | €533,785 | €856,820 | +€323,035 | +60.5% |
| Tangible fixed assets | 22/27 | €533,785 | €856,820 | +€323,035 | +60.5% |
| Land and buildings | 22 | €533,785 | €856,820 | +€323,035 | +60.5% |
| Current assets | 29/58 | €8,879 | €22,980 | +€14,101 | +158.8% |
| Cash at bank and in hand | 54/58 | €8,473 | €22,138 | +€13,665 | +161.3% |
| Deferred charges and accrued income | 490/1 | €406 | €842 | +€436 | +107.5% |
| Total equity and liabilities | 10/49 | €542,664 | €879,800 | +€337,136 | +62.1% |
| Equity | 10/15 | €17,282 | -€23,668 | -€40,950 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €782 | €782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €782 | - | -€782 | |
| Reserves not available under the articles | 1311 | €782 | - | -€782 | |
| Distributable reserves | 133 | - | €782 | +€782 | |
| Profit (loss) carried forward | 14 | -€2,099 | -€43,049 | -€40,950 | -1950.6% |
| Amounts payable | 17/49 | €525,381 | €903,468 | +€378,087 | +72.0% |
| Amounts payable after more than one year | 17 | €335,928 | €662,701 | +€326,773 | +97.3% |
| Financial debts | 170/4 | €335,928 | €662,701 | +€326,773 | +97.3% |
| Amounts payable within one year | 42/48 | €187,728 | €240,767 | +€53,039 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €35,299 | €49,918 | +€14,619 | +41.4% |
| Trade debts | 44 | €1,089 | €60,360 | +€59,271 | +5442.7% |
| Suppliers | 440/4 | €1,089 | €60,360 | +€59,271 | +5442.7% |
| Other amounts payable | 47/48 | €151,340 | €130,489 | -€20,851 | -13.8% |
| Accrued charges and deferred income | 492/3 | €1,725 | - | -€1,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,299 | €99,529 | +€76,231 | +327.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,267 | - | -€14,267 | |
| Other operating charges | 640/8 | €4,632 | €4,781 | +€149 | +3.2% |
| Gross operating margin | 9900 | €54,125 | €77,015 | +€22,890 | +42.3% |
| Operating profit (loss) | 9901 | €11,928 | -€27,295 | -€39,223 | |
| Financial charges | 65/66B | - | €13,655 | +€13,655 | |
| Recurring financial charges | 65 | - | €13,655 | +€13,655 | |
| Profit (loss) for the period before taxes | 9903 | €11,928 | -€40,950 | -€52,878 | |
| Income taxes | 67/77 | €10,969 | - | -€10,969 | |
| Profit (loss) for the period | 9904 | €958 | -€40,950 | -€41,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €958 | -€40,950 | -€41,909 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.