POLKOL: 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.
POLKOL
Largest movements
- Stocks and contracts -€301,336
down €301,336 (-22.8%), from €1.3m to €1.0m
- Cash -€256,139
down €256,139 (-99.9%), from €256,407 to €268
mainly Short-term financial debts (-€449,064) and Other debts (-€256,000)
- Short-term financial debts -€449,064
down €449,064 (-70.1%), from €640,824 to €191,760
- Other debts -€256,000
down €256,000 (-63.4%), from €404,096 to €148,096
- Trade debts +€139,661
up €139,661 (+167%), from €83,579 to €223,240
- Profit (loss) carried forward +€24,940
up €24,940 (+9.7%), from -€258,173 to -€233,233
- Financial charges -€31,503
down €31,503 (-49.7%), from €63,404 to €31,901
- Gross operating margin -€20,726
down €20,726 (-26.5%), from €78,349 to €57,623
- Financial income -€1,077
down €1,077 (-51.2%), from €2,105 to €1,027
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,661,697 | €1,108,918 | -€552,779 | -33.3% |
| Fixed assets | 21/28 | €78,931 | €79,731 | +€800 | +1.0% |
| Tangible fixed assets | 22/27 | €78,931 | €79,731 | +€800 | +1.0% |
| Plant, machinery and equipment | 23 | €78,931 | €78,931 | = | 0.0% |
| Furniture and vehicles | 24 | - | €800 | +€800 | |
| Current assets | 29/58 | €1,582,766 | €1,029,187 | -€553,579 | -35.0% |
| Stocks and contracts in progress | 3 | €1,320,221 | €1,018,885 | -€301,336 | -22.8% |
| Stocks | 30/36 | €1,320,221 | €1,018,885 | -€301,336 | -22.8% |
| Amounts receivable within one year | 40/41 | €6,138 | €10,033 | +€3,895 | +63.5% |
| Trade receivables | 40 | €3,544 | €121 | -€3,423 | -96.6% |
| Other amounts receivable | 41 | €2,594 | €9,912 | +€7,318 | +282% |
| Cash at bank and in hand | 54/58 | €256,407 | €268 | -€256,139 | -99.9% |
| Total equity and liabilities | 10/49 | €1,661,697 | €1,108,918 | -€552,779 | -33.3% |
| Equity | 10/15 | €510,427 | €535,367 | +€24,940 | +4.9% |
| Contributions | 10/11 | €768,600 | €768,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,173 | -€233,233 | +€24,940 | +9.7% |
| Amounts payable | 17/49 | €1,151,270 | €573,551 | -€577,719 | -50.2% |
| Amounts payable within one year | 42/48 | €1,137,127 | €563,096 | -€574,031 | -50.5% |
| Financial debts | 43 | €640,824 | €191,760 | -€449,064 | -70.1% |
| Credit institutions | 430/8 | €640,824 | €191,760 | -€449,064 | -70.1% |
| Trade debts | 44 | €83,579 | €223,240 | +€139,661 | +167% |
| Suppliers | 440/4 | €83,579 | €223,240 | +€139,661 | +167% |
| Taxes, remuneration and social security | 45 | €8,629 | €0 | -€8,629 | -100% |
| Taxes | 450/3 | €8,629 | €0 | -€8,629 | -100% |
| Other amounts payable | 47/48 | €404,096 | €148,096 | -€256,000 | -63.4% |
| Accrued charges and deferred income | 492/3 | €14,143 | €10,455 | -€3,687 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €200 | +€200 | |
| Other operating charges | 640/8 | €1,481 | €1,610 | +€129 | +8.7% |
| Gross operating margin | 9900 | €78,349 | €57,623 | -€20,726 | -26.5% |
| Operating profit (loss) | 9901 | €76,867 | €55,813 | -€21,054 | -27.4% |
| Financial income | 75/76B | €2,105 | €1,027 | -€1,077 | -51.2% |
| Recurring financial income | 75 | €2,105 | €1,027 | -€1,077 | -51.2% |
| Financial charges | 65/66B | €63,404 | €31,901 | -€31,503 | -49.7% |
| Recurring financial charges | 65 | €63,404 | €31,901 | -€31,503 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €15,568 | €24,940 | +€9,371 | +60.2% |
| Profit (loss) for the period | 9904 | €15,568 | €24,940 | +€9,371 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,568 | €24,940 | +€9,371 | +60.2% |
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 16 October 2026 via checked.be.