POLLE GAZON: 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.
POLLE GAZON
Largest movements
- Cash +€97,910
up €97,910 (+115%), from €85,102 to €183,012
mainly Net result for the year (+€88,620) and Depreciation (+€8,984)
- Tangible fixed assets -€6,771
down €6,771 (-18.8%), from €35,979 to €29,208
- Receivables within one year -€4,788
down €4,788 (-22.9%), from €20,949 to €16,161
of which Trade receivables: -€6,074
- Reserves +€88,620
up €88,620 (+95.2%), from €93,049 to €181,669
- Tax, wage and social debts -€3,268
down €3,268 (-6.6%), from €49,503 to €46,234
of which Taxes: -€1,674
- Gross operating margin -€4,958
down €4,958 (-3.6%), from €138,296 to €133,337
- Taxes -€1,903
down €1,903 (-5.1%), from €37,096 to €35,193
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 | €142,837 | €229,182 | +€86,345 | +60.4% |
| Fixed assets | 21/28 | €35,979 | €29,208 | -€6,771 | -18.8% |
| Tangible fixed assets | 22/27 | €35,979 | €29,208 | -€6,771 | -18.8% |
| Furniture and vehicles | 24 | €35,979 | €29,208 | -€6,771 | -18.8% |
| Current assets | 29/58 | €106,858 | €199,974 | +€93,116 | +87.1% |
| Amounts receivable within one year | 40/41 | €20,949 | €16,161 | -€4,788 | -22.9% |
| Trade receivables | 40 | €20,949 | €14,875 | -€6,074 | -29.0% |
| Other amounts receivable | 41 | - | €1,286 | +€1,286 | |
| Cash at bank and in hand | 54/58 | €85,102 | €183,012 | +€97,910 | +115% |
| Deferred charges and accrued income | 490/1 | €807 | €801 | -€6 | -0.8% |
| Total equity and liabilities | 10/49 | €142,837 | €229,182 | +€86,345 | +60.4% |
| Equity | 10/15 | €93,149 | €181,769 | +€88,620 | +95.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €93,049 | €181,669 | +€88,620 | +95.2% |
| Distributable reserves | 133 | €93,049 | €181,669 | +€88,620 | +95.2% |
| Amounts payable | 17/49 | €49,688 | €47,413 | -€2,275 | -4.6% |
| Amounts payable within one year | 42/48 | €49,688 | €47,413 | -€2,275 | -4.6% |
| Trade debts | 44 | €78 | €1,179 | +€1,101 | +1,406% |
| Suppliers | 440/4 | €78 | €1,179 | +€1,101 | +1,406% |
| Taxes, remuneration and social security | 45 | €49,503 | €46,234 | -€3,268 | -6.6% |
| Taxes | 450/3 | €47,908 | €46,234 | -€1,674 | -3.5% |
| Remuneration and social security | 454/9 | €1,595 | - | -€1,595 | |
| Other amounts payable | 47/48 | €107 | - | -€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,828 | €8,984 | +€1,156 | +14.8% |
| Other operating charges | 640/8 | €251 | €166 | -€85 | -33.8% |
| Gross operating margin | 9900 | €138,296 | €133,337 | -€4,958 | -3.6% |
| Operating profit (loss) | 9901 | €130,216 | €124,187 | -€6,029 | -4.6% |
| Financial income | 75/76B | €59 | €3 | -€56 | -95.4% |
| Recurring financial income | 75 | €59 | €3 | -€56 | -95.4% |
| Financial charges | 65/66B | €131 | €378 | +€247 | +188% |
| Recurring financial charges | 65 | €131 | €147 | +€16 | +12.1% |
| Non-recurring financial charges | 66B | - | €231 | +€231 | |
| Profit (loss) for the period before taxes | 9903 | €130,145 | €123,812 | -€6,332 | -4.9% |
| Income taxes | 67/77 | €37,096 | €35,193 | -€1,903 | -5.1% |
| Profit (loss) for the period | 9904 | €93,049 | €88,620 | -€4,429 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,049 | €88,620 | -€4,429 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.