Pollux Holding: 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.
What changed
Pollux Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€52,446
2024 · -€137,246+€189,693
Equity
-€536,289
2024 · -€588,735+€52,446
Cash
€54,888
2024 · €74,617-€19,729
Balance sheet total
€12.9m
2024 · €10.3m+€2.6m
Largest movements
Assets
- Financial fixed assets +€2.2m
up €2.2m (+110%), from €2.0m to €4.2m
- Receivables after one year +€350,000
new in 2025: €350,000
Equity and liabilities
- Debts after one year +€3.9m
up €3.9m (+295%), from €1.3m to €5.2m
- Other debts -€1.4m
down €1.4m (-14.7%), from €9.3m to €7.9m
Income statement
- Gross operating margin +€205,122
up €205,122, from -€79,425 to €125,698
- Staff costs +€12,340
new in 2025: €12,340
- Depreciation -€8,794
down €8,794 (-72.4%), from €12,143 to €3,349
- Financial income -€7,503
down €7,503 (-100.0%), from €7,504 to €1
- Financial charges +€6,470
up €6,470 (+14.9%), from €43,462 to €49,932
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.
Result 2024
-€137,246
Gross operating margin
+€205,122
Staff costs
-€12,340
Depreciation
+€8,794
Other operating charges
+€1,999
Financial income
-€7,503
Financial charges
-€6,470
Taxes
+€90
Result 2025
€52,446
raises the resultlowers the result
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.
From operations
-€1.7m
Investment
-€2.2m
Financing
+€3.9m
Cash 2024
€74,617
From operations (derived)
-€1.7m
Net result for the year
+€52,446
Depreciation
+€3,349
Receivables after one year
-€350,000
Receivables within one year
-€94,330
Deferred charges and accrued income
-€10,953
Trade debts
+€20,815
Smaller working-capital items
+€2,701
Other debts
-€1.4m
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€3.9m
Debts after one year
+€3.9m
Current portion of long-term debt
+€4,591
Cash 2025
€54,888
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,257,558 | €12,862,465 | +€2.6m | +25.4% |
| Fixed assets | 21/28 | €9,463,479 | €11,632,831 | +€2.2m | +22.9% |
| Tangible fixed assets | 22/27 | €7,482,479 | €7,469,923 | -€12,556 | -0.2% |
| Land and buildings | 22 | €7,205,335 | €7,271,380 | +€66,045 | +0.9% |
| Plant, machinery and equipment | 23 | €8,892 | €5,543 | -€3,349 | -37.7% |
| Furniture and vehicles | 24 | €75,251 | €0 | -€75,251 | -100% |
| Other tangible fixed assets | 26 | €193,000 | €193,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,981,000 | €4,162,908 | +€2.2m | +110% |
| Current assets | 29/58 | €794,080 | €1,229,634 | +€435,555 | +54.9% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | €719,268 | €813,599 | +€94,330 | +13.1% |
| Trade receivables | 40 | €372,525 | €492,480 | +€119,955 | +32.2% |
| Other amounts receivable | 41 | €346,743 | €321,119 | -€25,625 | -7.4% |
| Cash at bank and in hand | 54/58 | €74,617 | €54,888 | -€19,729 | -26.4% |
| Deferred charges and accrued income | 490/1 | €194 | €11,147 | +€10,953 | +5,634% |
| Total equity and liabilities | 10/49 | €10,257,558 | €12,862,465 | +€2.6m | +25.4% |
| Equity | 10/15 | -€588,735 | -€536,289 | +€52,446 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€608,735 | -€556,289 | +€52,446 | +8.6% |
| Amounts payable | 17/49 | €10,846,293 | €13,398,754 | +€2.6m | +23.5% |
| Amounts payable after more than one year | 17 | €1,317,464 | €5,202,581 | +€3.9m | +295% |
| Financial debts | 170/4 | €1,317,464 | €5,202,581 | +€3.9m | +295% |
| Amounts payable within one year | 42/48 | €9,528,829 | €8,196,124 | -€1.3m | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €236,199 | €240,790 | +€4,591 | +1.9% |
| Trade debts | 44 | €27,656 | €48,471 | +€20,815 | +75.3% |
| Suppliers | 440/4 | €27,656 | €48,471 | +€20,815 | +75.3% |
| Taxes, remuneration and social security | 45 | €850 | €3,501 | +€2,651 | +312% |
| Taxes | 450/3 | €850 | €2,156 | +€1,306 | +154% |
| Remuneration and social security | 454/9 | - | €1,345 | +€1,345 | |
| Other amounts payable | 47/48 | €9,264,124 | €7,903,362 | -€1.4m | -14.7% |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Non-recurring operating income | 76A | - | €18,024 | +€18,024 | |
| Remuneration, social security and pensions | 62 | - | €12,340 | +€12,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,143 | €3,349 | -€8,794 | -72.4% |
| Other operating charges | 640/8 | €9,084 | €7,085 | -€1,999 | -22.0% |
| Gross operating margin | 9900 | -€79,425 | €125,698 | +€205,122 | |
| Operating profit (loss) | 9901 | -€100,652 | €102,924 | +€203,576 | |
| Financial income | 75/76B | €7,504 | €1 | -€7,503 | -100.0% |
| Recurring financial income | 75 | €7,504 | €1 | -€7,503 | -100.0% |
| Financial charges | 65/66B | €43,462 | €49,932 | +€6,470 | +14.9% |
| Recurring financial charges | 65 | €43,462 | €49,932 | +€6,470 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€136,610 | €52,993 | +€189,603 | |
| Income taxes | 67/77 | €636 | €547 | -€90 | -14.1% |
| Profit (loss) for the period | 9904 | -€137,246 | €52,446 | +€189,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,246 | €52,446 | +€189,693 |
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 20 October 2026 via checked.be.