POLMIET: 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.
POLMIET
Largest movements
- Receivables within one year +€128,406
up €128,406 (+1,002%), from €12,818 to €141,224
of which Trade receivables: +€124,451
- Cash -€90,194
down €90,194 (-66.5%), from €135,578 to €45,384
mainly Receivables within one year (-€128,406) and Debts after one year (-€15,044)
- Tangible fixed assets -€18,477
down €18,477 (-20.7%), from €89,322 to €70,845
of which Furniture and vehicles: -€18,722
- Trade debts +€29,980
up €29,980 (+929%), from €3,227 to €33,208
- Debts after one year -€15,044
down €15,044 (-55.5%), from €27,104 to €12,060
- Profit (loss) carried forward +€3,477
up €3,477 (+3.4%), from €103,001 to €106,477
- Gross operating margin -€14,903
down €14,903 (-28.2%), from €52,877 to €37,974
- Financial charges -€1,635
down €1,635 (-40.9%), from €3,996 to €2,361
- Depreciation +€821
up €821 (+3.4%), from €23,974 to €24,795
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 | €243,252 | €263,567 | +€20,315 | +8.4% |
| Fixed assets | 21/28 | €89,372 | €70,895 | -€18,477 | -20.7% |
| Tangible fixed assets | 22/27 | €89,322 | €70,845 | -€18,477 | -20.7% |
| Land and buildings | 22 | €23,235 | €18,588 | -€4,647 | -20.0% |
| Plant, machinery and equipment | 23 | €3,226 | €8,118 | +€4,892 | +152% |
| Furniture and vehicles | 24 | €62,861 | €44,139 | -€18,722 | -29.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €153,879 | €192,671 | +€38,792 | +25.2% |
| Amounts receivable within one year | 40/41 | €12,818 | €141,224 | +€128,406 | +1,002% |
| Trade receivables | 40 | €8,648 | €133,099 | +€124,451 | +1,439% |
| Other amounts receivable | 41 | €4,170 | €8,125 | +€3,955 | +94.8% |
| Cash at bank and in hand | 54/58 | €135,578 | €45,384 | -€90,194 | -66.5% |
| Deferred charges and accrued income | 490/1 | €5,484 | €6,064 | +€580 | +10.6% |
| Total equity and liabilities | 10/49 | €243,252 | €263,567 | +€20,315 | +8.4% |
| Equity | 10/15 | €123,461 | €126,937 | +€3,477 | +2.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,001 | €106,477 | +€3,477 | +3.4% |
| Amounts payable | 17/49 | €119,791 | €136,629 | +€16,838 | +14.1% |
| Amounts payable after more than one year | 17 | €27,104 | €12,060 | -€15,044 | -55.5% |
| Financial debts | 170/4 | €27,104 | €12,060 | -€15,044 | -55.5% |
| Amounts payable within one year | 42/48 | €92,687 | €124,569 | +€31,882 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €14,334 | €15,044 | +€710 | +5.0% |
| Trade debts | 44 | €3,227 | €33,208 | +€29,980 | +929% |
| Suppliers | 440/4 | €3,227 | €33,208 | +€29,980 | +929% |
| Taxes, remuneration and social security | 45 | €124 | €124 | +€0 | 0.0% |
| Taxes | 450/3 | €124 | €124 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €75,002 | €76,194 | +€1,192 | +1.6% |
| Non-recurring operating income | 76A | €27,725 | €8,525 | -€19,200 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,974 | €24,795 | +€821 | +3.4% |
| Other operating charges | 640/8 | €1,517 | €1,632 | +€115 | +7.6% |
| Non-recurring operating charges | 66A | - | €5,744 | +€5,744 | |
| Gross operating margin | 9900 | €52,877 | €37,974 | -€14,903 | -28.2% |
| Operating profit (loss) | 9901 | €27,386 | €5,803 | -€21,584 | -78.8% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €3,996 | €2,361 | -€1,635 | -40.9% |
| Recurring financial charges | 65 | €3,996 | €2,361 | -€1,635 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €23,390 | €3,477 | -€19,913 | -85.1% |
| Profit (loss) for the period | 9904 | €23,390 | €3,477 | -€19,913 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,390 | €3,477 | -€19,913 | -85.1% |
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 13 October 2026 via checked.be.