POLMA RECYCLING: 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.
POLMA RECYCLING
Largest movements
- Tangible fixed assets +€344,499
up €344,499 (+52.5%), from €655,841 to €1.0m
of which Plant, machinery and equipment: +€397,216
- Receivables within one year -€63,745
down €63,745 (-38.2%), from €166,838 to €103,093
of which Trade receivables: -€50,916
- Cash +€53,135
up €53,135 (+121%), from €43,786 to €96,921
mainly Debts after one year (+€269,658) and Depreciation (+€114,707)
- Deferred charges and accrued income -€17,035
down €17,035 (-94.3%), from €18,060 to €1,025
- Debts after one year +€269,658
up €269,658 (+62.7%), from €429,955 to €699,613
- Trade debts -€64,591
down €64,591 (-73.4%), from €88,043 to €23,452
- Current portion of long-term debt +€36,486
up €36,486 (+62.1%), from €58,719 to €95,205
- Reserves +€33,670
up €33,670 (+23.3%), from €144,564 to €178,234
of which Tax-exempt reserves: +€42,670
- Tax, wage and social debts +€20,116
up €20,116 (+1,119%), from €1,798 to €21,914
of which Taxes: +€18,969
- Gross operating margin +€85,755
up €85,755 (+77.0%), from €111,319 to €197,074
- Depreciation +€22,726
up €22,726 (+24.7%), from €91,981 to €114,707
- Staff costs +€8,889
up €8,889, from €0 to €8,889
- Financial charges +€5,845
up €5,845 (+70.2%), from €8,332 to €14,176
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,525 | €1,201,378 | +€316,853 | +35.8% |
| Fixed assets | 21/28 | €655,841 | €1,000,340 | +€344,499 | +52.5% |
| Tangible fixed assets | 22/27 | €655,841 | €1,000,340 | +€344,499 | +52.5% |
| Land and buildings | 22 | €39,602 | €32,867 | -€6,735 | -17.0% |
| Plant, machinery and equipment | 23 | €126,336 | €523,551 | +€397,216 | +314% |
| Furniture and vehicles | 24 | €44,174 | €27,460 | -€16,714 | -37.8% |
| Other tangible fixed assets | 26 | €445,730 | €416,462 | -€29,268 | -6.6% |
| Current assets | 29/58 | €228,684 | €201,038 | -€27,645 | -12.1% |
| Amounts receivable within one year | 40/41 | €166,838 | €103,093 | -€63,745 | -38.2% |
| Trade receivables | 40 | €149,505 | €98,589 | -€50,916 | -34.1% |
| Other amounts receivable | 41 | €17,333 | €4,504 | -€12,830 | -74.0% |
| Cash at bank and in hand | 54/58 | €43,786 | €96,921 | +€53,135 | +121% |
| Deferred charges and accrued income | 490/1 | €18,060 | €1,025 | -€17,035 | -94.3% |
| Total equity and liabilities | 10/49 | €884,525 | €1,201,378 | +€316,853 | +35.8% |
| Equity | 10/15 | €296,687 | €330,895 | +€34,208 | +11.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €144,564 | €178,234 | +€33,670 | +23.3% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,874 | €14,874 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,670 | +€42,670 | |
| Distributable reserves | 133 | €129,690 | €120,690 | -€9,000 | -6.9% |
| Profit (loss) carried forward | 14 | €3,387 | €3,925 | +€539 | +15.9% |
| Provisions and deferred taxes | 16 | - | €14,223 | +€14,223 | |
| Deferred taxes | 168 | - | €14,223 | +€14,223 | |
| Amounts payable | 17/49 | €587,838 | €856,260 | +€268,422 | +45.7% |
| Amounts payable after more than one year | 17 | €429,955 | €699,613 | +€269,658 | +62.7% |
| Financial debts | 170/4 | €429,955 | €699,613 | +€269,658 | +62.7% |
| Amounts payable within one year | 42/48 | €157,883 | €156,647 | -€1,236 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €58,719 | €95,205 | +€36,486 | +62.1% |
| Trade debts | 44 | €88,043 | €23,452 | -€64,591 | -73.4% |
| Suppliers | 440/4 | €88,043 | €23,452 | -€64,591 | -73.4% |
| Taxes, remuneration and social security | 45 | €1,798 | €21,914 | +€20,116 | +1,119% |
| Taxes | 450/3 | €1,783 | €20,752 | +€18,969 | +1,064% |
| Remuneration and social security | 454/9 | €15 | €1,161 | +€1,146 | +7,632% |
| Other amounts payable | 47/48 | €9,323 | €16,077 | +€6,754 | +72.4% |
| Non-recurring operating income | 76A | €115 | €60,000 | +€59,885 | +52,060% |
| Remuneration, social security and pensions | 62 | €0 | €8,889 | +€8,889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,981 | €114,707 | +€22,726 | +24.7% |
| Other operating charges | 640/8 | €1,405 | €871 | -€533 | -38.0% |
| Gross operating margin | 9900 | €111,319 | €197,074 | +€85,755 | +77.0% |
| Operating profit (loss) | 9901 | €17,934 | €72,607 | +€54,674 | +305% |
| Financial income | 75/76B | €3 | €1 | -€3 | -80.1% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -80.1% |
| Financial charges | 65/66B | €8,332 | €14,176 | +€5,845 | +70.2% |
| Recurring financial charges | 65 | €8,332 | €14,176 | +€5,845 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €9,605 | €58,432 | +€48,826 | +508% |
| Transfer from deferred taxes | 780 | - | €777 | +€777 | |
| Transfer to deferred taxes | 680 | - | €15,000 | +€15,000 | |
| Income taxes | 67/77 | €1,783 | €0 | -€1,783 | -100% |
| Profit (loss) for the period | 9904 | €7,822 | €44,208 | +€36,386 | +465% |
| Transfer from tax-exempt reserves | 789 | - | €2,330 | +€2,330 | |
| Transfer to tax-exempt reserves | 689 | - | €45,000 | +€45,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,822 | €1,539 | -€6,284 | -80.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.