POLMANS CHRIS: 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.
POLMANS CHRIS
Largest movements
- Stocks and contracts -€26,261
down €26,261 (-52.4%), from €50,106 to €23,846
of which Contracts in progress: -€25,790
- Cash +€23,273
up €23,273 (+94.6%), from €24,595 to €47,868
mainly Stocks and contracts (+€26,261) and Other debts (+€21,241)
- Receivables within one year +€20,424
up €20,424 (+254%), from €8,045 to €28,469
of which Trade receivables: +€21,525
- Tangible fixed assets +€4,774
up €4,774 (+1,423%), from €335 to €5,110
- Other debts +€21,241
up €21,241 (+96.3%), from €22,055 to €43,296
- Reserves -€17,622
down €17,622 (-41.6%), from €42,319 to €24,697
- Trade debts +€15,483
up €15,483 (+973%), from €1,591 to €17,074
- Tax, wage and social debts +€3,109
up €3,109 (+119%), from €2,616 to €5,725
- Gross operating margin +€5,712
up €5,712 (+185%), from €3,089 to €8,801
- Taxes +€1,283
up €1,283 (+193%), from €666 to €1,949
- Other operating charges +€454
up €454 (+50.3%), from €903 to €1,358
- Depreciation +€185
up €185 (+102%), from €182 to €367
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 | €83,082 | €105,293 | +€22,211 | +26.7% |
| Fixed assets | 21/28 | €335 | €5,110 | +€4,774 | +1,423% |
| Tangible fixed assets | 22/27 | €335 | €5,110 | +€4,774 | +1,423% |
| Plant, machinery and equipment | 23 | €335 | €5,110 | +€4,774 | +1,423% |
| Current assets | 29/58 | €82,746 | €100,183 | +€17,437 | +21.1% |
| Stocks and contracts in progress | 3 | €50,106 | €23,846 | -€26,261 | -52.4% |
| Stocks | 30/36 | €4,186 | €3,716 | -€471 | -11.2% |
| Contracts in progress | 37 | €45,920 | €20,130 | -€25,790 | -56.2% |
| Amounts receivable within one year | 40/41 | €8,045 | €28,469 | +€20,424 | +254% |
| Trade receivables | 40 | €5,904 | €27,428 | +€21,525 | +365% |
| Other amounts receivable | 41 | €2,142 | €1,041 | -€1,101 | -51.4% |
| Cash at bank and in hand | 54/58 | €24,595 | €47,868 | +€23,273 | +94.6% |
| Total equity and liabilities | 10/49 | €83,082 | €105,293 | +€22,211 | +26.7% |
| Equity | 10/15 | €56,820 | €39,198 | -€17,622 | -31.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,319 | €24,697 | -€17,622 | -41.6% |
| Distributable reserves | 133 | €42,319 | €24,697 | -€17,622 | -41.6% |
| Profit (loss) carried forward | 14 | €2,101 | €2,101 | = | 0.0% |
| Amounts payable | 17/49 | €26,262 | €66,095 | +€39,833 | +152% |
| Amounts payable within one year | 42/48 | €26,262 | €66,095 | +€39,833 | +152% |
| Trade debts | 44 | €1,591 | €17,074 | +€15,483 | +973% |
| Suppliers | 440/4 | €1,591 | €17,074 | +€15,483 | +973% |
| Taxes, remuneration and social security | 45 | €2,616 | €5,725 | +€3,109 | +119% |
| Taxes | 450/3 | €2,616 | €5,725 | +€3,109 | +119% |
| Other amounts payable | 47/48 | €22,055 | €43,296 | +€21,241 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €367 | +€185 | +102% |
| Other operating charges | 640/8 | €903 | €1,358 | +€454 | +50.3% |
| Gross operating margin | 9900 | €3,089 | €8,801 | +€5,712 | +185% |
| Operating profit (loss) | 9901 | €2,004 | €7,076 | +€5,072 | +253% |
| Financial income | 75/76B | €0 | €2 | +€2 | +333% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +333% |
| Financial charges | 65/66B | €148 | €180 | +€32 | +21.5% |
| Recurring financial charges | 65 | €148 | €180 | +€32 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,856 | €6,898 | +€5,042 | +272% |
| Income taxes | 67/77 | €666 | €1,949 | +€1,283 | +193% |
| Profit (loss) for the period | 9904 | €1,190 | €4,949 | +€3,759 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €1,190 | €4,949 | +€3,759 | +316% |
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 31 October 2026 via checked.be.