POLMIC: 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.
POLMIC
Largest movements
- Receivables within one year +€22,083
up €22,083 (+106.4%), from €20,763 to €42,846
of which Other amounts receivable: +€19,905
- Cash -€8,506
down €8,506 (-42.3%), from €20,094 to €11,588
mainly Receivables within one year (-€22,083) and Investment in fixed assets (net) (-€10,000)
- Profit (loss) carried forward +€21,302
up €21,302 (+43.5%), from €49,001 to €70,303
- Trade debts -€8,126
down €8,126 (-68.9%), from €11,795 to €3,669
- Tax, wage and social debts +€7,266
up €7,266 (+62.5%), from €11,624 to €18,890
of which Taxes: +€6,288
- Accrued charges and deferred income -€6,787
no longer reported in 2025 (was €6,787)
- Staff costs +€11,928
up €11,928 (+71.4%), from €16,710 to €28,638
- Depreciation +€6,032
up €6,032 (+122.7%), from €4,918 to €10,950
- Taxes -€4,206
down €4,206 (-40.1%), from €10,494 to €6,288
- Gross operating margin -€1,281
down €1,281 (-1.8%), from €73,028 to €71,747
- Financial income -€1,188
no longer reported in 2025 (was €1,188)
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 | €122,167 | €135,293 | +€13,126 | +10.7% |
| Fixed assets | 21/28 | €72,501 | €71,551 | -€950 | -1.3% |
| Intangible fixed assets | 21 | €60,000 | €60,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,935 | €7,985 | -€950 | -10.6% |
| Furniture and vehicles | 24 | €8,935 | €7,985 | -€950 | -10.6% |
| Financial fixed assets | 28 | €3,566 | €3,566 | = | 0.0% |
| Current assets | 29/58 | €49,666 | €63,742 | +€14,076 | +28.3% |
| Stocks and contracts in progress | 3 | €8,730 | €8,730 | = | 0.0% |
| Stocks | 30/36 | €8,730 | €8,730 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,763 | €42,846 | +€22,083 | +106.4% |
| Trade receivables | 40 | - | €2,178 | +€2,178 | |
| Other amounts receivable | 41 | €20,763 | €40,668 | +€19,905 | +95.9% |
| Current investments | 50/53 | €79 | €78 | -€1 | -1.3% |
| Cash at bank and in hand | 54/58 | €20,094 | €11,588 | -€8,506 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €122,167 | €135,293 | +€13,126 | +10.7% |
| Equity | 10/15 | €69,461 | €90,763 | +€21,302 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €49,001 | €70,303 | +€21,302 | +43.5% |
| Amounts payable | 17/49 | €52,706 | €44,530 | -€8,176 | -15.5% |
| Amounts payable within one year | 42/48 | €45,919 | €44,530 | -€1,389 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €22,500 | €21,971 | -€529 | -2.4% |
| Trade debts | 44 | €11,795 | €3,669 | -€8,126 | -68.9% |
| Suppliers | 440/4 | €11,795 | €3,669 | -€8,126 | -68.9% |
| Taxes, remuneration and social security | 45 | €11,624 | €18,890 | +€7,266 | +62.5% |
| Taxes | 450/3 | €10,599 | €16,887 | +€6,288 | +59.3% |
| Remuneration and social security | 454/9 | €1,025 | €2,003 | +€978 | +95.4% |
| Accrued charges and deferred income | 492/3 | €6,787 | - | -€6,787 | |
| Remuneration, social security and pensions | 62 | €16,710 | €28,638 | +€11,928 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,918 | €10,950 | +€6,032 | +122.7% |
| Other operating charges | 640/8 | €2,942 | €3,144 | +€202 | +6.9% |
| Gross operating margin | 9900 | €73,028 | €71,747 | -€1,281 | -1.8% |
| Operating profit (loss) | 9901 | €48,458 | €29,015 | -€19,443 | -40.1% |
| Financial income | 75/76B | €1,188 | - | -€1,188 | |
| Recurring financial income | 75 | €1,188 | - | -€1,188 | |
| Financial charges | 65/66B | €1,872 | €1,425 | -€447 | -23.9% |
| Recurring financial charges | 65 | €1,872 | €1,425 | -€447 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €47,774 | €27,590 | -€20,184 | -42.2% |
| Income taxes | 67/77 | €10,494 | €6,288 | -€4,206 | -40.1% |
| Profit (loss) for the period | 9904 | €37,280 | €21,302 | -€15,978 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,280 | €21,302 | -€15,978 | -42.9% |
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 4 October 2026 via checked.be.