Pollyn: 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.
Pollyn
Largest movements
- Cash +€140,710
up €140,710 (+163.2%), from €86,198 to €226,908
mainly Net result for the year (+€75,361) and Receivables within one year (+€72,781)
- Receivables within one year -€72,781
down €72,781 (-47.9%), from €151,938 to €79,157
of which Trade receivables: -€73,708
- Tangible fixed assets +€28,462
up €28,462 (+13.0%), from €218,410 to €246,872
of which Leasing and similar rights: +€41,516
- Reserves +€75,361
up €75,361 (+554.1%), from €13,600 to €88,961
- Trade debts -€31,293
down €31,293 (-43.6%), from €71,774 to €40,481
- Tax, wage and social debts +€22,023
up €22,023 (+583.5%), from €3,774 to €25,797
of which Taxes: +€19,944
- Debts after one year +€17,658
up €17,658 (+10.0%), from €176,259 to €193,917
- Current portion of long-term debt +€8,788
up €8,788 (+57.2%), from €15,368 to €24,156
- Gross operating margin -€103,781
down €103,781 (-32.0%), from €324,108 to €220,327
- Write-downs -€91,290
down €91,290 (-100.0%), from €91,290 to €0
- Depreciation +€10,381
up €10,381 (+43.8%), from €23,701 to €34,082
- Staff costs +€8,070
up €8,070 (+14.2%), from €56,906 to €64,976
- Taxes +€7,328
up €7,328 (+30.4%), from €24,078 to €31,405
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 | €469,832 | €567,763 | +€97,931 | +20.8% |
| Fixed assets | 21/28 | €218,615 | €247,077 | +€28,462 | +13.0% |
| Tangible fixed assets | 22/27 | €218,410 | €246,872 | +€28,462 | +13.0% |
| Land and buildings | 22 | €155,709 | €145,615 | -€10,094 | -6.5% |
| Plant, machinery and equipment | 23 | €48,501 | €44,270 | -€4,232 | -8.7% |
| Furniture and vehicles | 24 | €14,200 | €15,472 | +€1,272 | +9.0% |
| Leasing and similar rights | 25 | - | €41,516 | +€41,516 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €251,217 | €320,687 | +€69,470 | +27.7% |
| Stocks and contracts in progress | 3 | €6,195 | €6,443 | +€248 | +4.0% |
| Stocks | 30/36 | €6,195 | €6,443 | +€248 | +4.0% |
| Amounts receivable within one year | 40/41 | €151,938 | €79,157 | -€72,781 | -47.9% |
| Trade receivables | 40 | €149,698 | €75,991 | -€73,708 | -49.2% |
| Other amounts receivable | 41 | €2,240 | €3,166 | +€926 | +41.3% |
| Cash at bank and in hand | 54/58 | €86,198 | €226,908 | +€140,710 | +163.2% |
| Deferred charges and accrued income | 490/1 | €6,886 | €8,179 | +€1,293 | +18.8% |
| Total equity and liabilities | 10/49 | €469,832 | €567,763 | +€97,931 | +20.8% |
| Equity | 10/15 | €100,839 | €176,199 | +€75,361 | +74.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,600 | €88,961 | +€75,361 | +554.1% |
| Distributable reserves | 133 | €13,600 | €88,961 | +€75,361 | +554.1% |
| Profit (loss) carried forward | 14 | €84,739 | €84,739 | = | 0.0% |
| Amounts payable | 17/49 | €368,993 | €391,564 | +€22,571 | +6.1% |
| Amounts payable after more than one year | 17 | €176,259 | €193,917 | +€17,658 | +10.0% |
| Financial debts | 170/4 | €176,259 | €193,917 | +€17,658 | +10.0% |
| Amounts payable within one year | 42/48 | €183,931 | €190,863 | +€6,933 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €15,368 | €24,156 | +€8,788 | +57.2% |
| Trade debts | 44 | €71,774 | €40,481 | -€31,293 | -43.6% |
| Suppliers | 440/4 | €71,774 | €40,481 | -€31,293 | -43.6% |
| Taxes, remuneration and social security | 45 | €3,774 | €25,797 | +€22,023 | +583.5% |
| Taxes | 450/3 | €1,927 | €21,871 | +€19,944 | +1034.8% |
| Remuneration and social security | 454/9 | €1,847 | €3,926 | +€2,079 | +112.6% |
| Other amounts payable | 47/48 | €93,015 | €100,429 | +€7,414 | +8.0% |
| Accrued charges and deferred income | 492/3 | €8,803 | €6,784 | -€2,020 | -22.9% |
| Non-recurring operating income | 76A | - | €2,583 | +€2,583 | |
| Remuneration, social security and pensions | 62 | €56,906 | €64,976 | +€8,070 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,701 | €34,082 | +€10,381 | +43.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €91,290 | €0 | -€91,290 | -100.0% |
| Other operating charges | 640/8 | €581 | €3,960 | +€3,379 | +581.8% |
| Non-recurring operating charges | 66A | €33,559 | €0 | -€33,559 | -100.0% |
| Gross operating margin | 9900 | €324,108 | €220,327 | -€103,781 | -32.0% |
| Operating profit (loss) | 9901 | €118,072 | €117,308 | -€763 | -0.6% |
| Financial income | 75/76B | €285 | €749 | +€464 | +162.5% |
| Recurring financial income | 75 | €285 | €749 | +€464 | +162.5% |
| Financial charges | 65/66B | €9,541 | €11,291 | +€1,751 | +18.4% |
| Recurring financial charges | 65 | €9,541 | €11,291 | +€1,751 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €108,816 | €106,766 | -€2,051 | -1.9% |
| Income taxes | 67/77 | €24,078 | €31,405 | +€7,328 | +30.4% |
| Profit (loss) for the period | 9904 | €84,739 | €75,361 | -€9,378 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,739 | €75,361 | -€9,378 | -11.1% |
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 6 October 2026 via checked.be.