Pollers & Meeus: 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.
Pollers & Meeus
Largest movements
- Cash -€191,764
down €191,764 (-40.3%), from €476,022 to €284,258
mainly Other debts (-€404,546) and Investment in fixed assets (net) (-€202,844)
- Intangible fixed assets -€140,141
down €140,141 (-13.0%), from €1.1m to €933,903
- Tangible fixed assets +€109,792
up €109,792 (+44.8%), from €244,912 to €354,704
of which Other tangible fixed assets: +€95,671
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Other debts -€404,546
down €404,546 (-77.1%), from €524,546 to €120,000
- Reserves +€289,533
up €289,533 (+53.5%), from €540,937 to €830,470
- Debts after one year -€159,811
down €159,811 (-17.5%), from €912,920 to €753,108
- Current portion of long-term debt -€78,421
down €78,421 (-32.9%), from €238,232 to €159,811
- Trade debts +€25,098
up €25,098 (+234%), from €10,743 to €35,841
- Gross operating margin -€77,916
down €77,916 (-5.1%), from €1.5m to €1.5m
- Taxes -€25,743
down €25,743 (-19.4%), from €132,743 to €107,000
- Depreciation +€16,836
up €16,836 (+7.8%), from €216,357 to €233,193
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 | €2,360,037 | €2,041,746 | -€318,290 | -13.5% |
| Fixed assets | 21/28 | €1,319,664 | €1,289,315 | -€30,349 | -2.3% |
| Intangible fixed assets | 21 | €1,074,044 | €933,903 | -€140,141 | -13.0% |
| Tangible fixed assets | 22/27 | €244,912 | €354,704 | +€109,792 | +44.8% |
| Plant, machinery and equipment | 23 | €6,184 | €7,460 | +€1,276 | +20.6% |
| Furniture and vehicles | 24 | €230,570 | €243,415 | +€12,845 | +5.6% |
| Other tangible fixed assets | 26 | €8,158 | €103,829 | +€95,671 | +1,173% |
| Financial fixed assets | 28 | €708 | €708 | = | 0.0% |
| Current assets | 29/58 | €1,040,372 | €752,431 | -€287,941 | -27.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,396 | €160,126 | +€2,730 | +1.7% |
| Trade receivables | 40 | €122,449 | €125,052 | +€2,603 | +2.1% |
| Other amounts receivable | 41 | €34,947 | €35,074 | +€127 | +0.4% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €476,022 | €284,258 | -€191,764 | -40.3% |
| Deferred charges and accrued income | 490/1 | €6,954 | €8,047 | +€1,092 | +15.7% |
| Total equity and liabilities | 10/49 | €2,360,037 | €2,041,746 | -€318,290 | -13.5% |
| Equity | 10/15 | €560,937 | €850,470 | +€289,533 | +51.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €540,937 | €830,470 | +€289,533 | +53.5% |
| Distributable reserves | 133 | €540,937 | €830,470 | +€289,533 | +53.5% |
| Amounts payable | 17/49 | €1,799,100 | €1,191,276 | -€607,824 | -33.8% |
| Amounts payable after more than one year | 17 | €912,920 | €753,108 | -€159,811 | -17.5% |
| Financial debts | 170/4 | €912,920 | €753,108 | -€159,811 | -17.5% |
| Amounts payable within one year | 42/48 | €884,580 | €438,168 | -€446,412 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €238,232 | €159,811 | -€78,421 | -32.9% |
| Trade debts | 44 | €10,743 | €35,841 | +€25,098 | +234% |
| Suppliers | 440/4 | €10,743 | €35,841 | +€25,098 | +234% |
| Taxes, remuneration and social security | 45 | €111,058 | €122,515 | +€11,457 | +10.3% |
| Taxes | 450/3 | €17,343 | €24,137 | +€6,794 | +39.2% |
| Remuneration and social security | 454/9 | €93,715 | €98,378 | +€4,663 | +5.0% |
| Other amounts payable | 47/48 | €524,546 | €120,000 | -€404,546 | -77.1% |
| Accrued charges and deferred income | 492/3 | €1,600 | - | -€1,600 | |
| Non-recurring operating income | 76A | €28,096 | €19,808 | -€8,288 | -29.5% |
| Remuneration, social security and pensions | 62 | €682,886 | €694,996 | +€12,110 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,357 | €233,193 | +€16,836 | +7.8% |
| Other operating charges | 640/8 | €3,809 | €3,248 | -€562 | -14.8% |
| Gross operating margin | 9900 | €1,531,278 | €1,453,362 | -€77,916 | -5.1% |
| Operating profit (loss) | 9901 | €628,225 | €521,925 | -€106,300 | -16.9% |
| Financial income | 75/76B | €1,913 | €5,752 | +€3,840 | +201% |
| Recurring financial income | 75 | €1,913 | €5,752 | +€3,840 | +201% |
| Financial charges | 65/66B | €13,792 | €11,144 | -€2,648 | -19.2% |
| Recurring financial charges | 65 | €13,792 | €11,144 | -€2,648 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €616,346 | €516,533 | -€99,813 | -16.2% |
| Income taxes | 67/77 | €132,743 | €107,000 | -€25,743 | -19.4% |
| Profit (loss) for the period | 9904 | €483,603 | €409,533 | -€74,069 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €483,603 | €409,533 | -€74,069 | -15.3% |
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.