POLO FREE: 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.
POLO FREE
Largest movements
- Receivables within one year -€5,353
no longer reported in 2025 (was €5,353)
- Stocks and contracts -€4,254
down €4,254 (-20.6%), from €20,689 to €16,435
- Tax, wage and social debts -€15,476
down €15,476 (-50.8%), from €30,461 to €14,985
- Profit (loss) carried forward +€15,377
up €15,377 (+28.5%), from -€53,894 to -€38,517
- Other debts -€11,130
down €11,130 (-24.4%), from €45,527 to €34,397
- Trade debts +€954
up €954 (+135%), from €708 to €1,662
- Gross operating margin +€27,450
up €27,450, from -€10,220 to €17,230
- Financial charges +€520
up €520 (+295%), from €176 to €696
- Other operating charges -€244
down €244 (-20.3%), from €1,201 to €957
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 | €27,802 | €17,527 | -€10,275 | -37.0% |
| Fixed assets | 21/28 | €1,082 | €882 | -€200 | -18.5% |
| Tangible fixed assets | 22/27 | €1,082 | €882 | -€200 | -18.5% |
| Plant, machinery and equipment | 23 | €1,082 | €882 | -€200 | -18.5% |
| Current assets | 29/58 | €26,720 | €16,645 | -€10,075 | -37.7% |
| Stocks and contracts in progress | 3 | €20,689 | €16,435 | -€4,254 | -20.6% |
| Stocks | 30/36 | €20,689 | €16,435 | -€4,254 | -20.6% |
| Amounts receivable within one year | 40/41 | €5,353 | - | -€5,353 | |
| Trade receivables | 40 | €5,353 | - | -€5,353 | |
| Cash at bank and in hand | 54/58 | €433 | €210 | -€223 | -51.5% |
| Deferred charges and accrued income | 490/1 | €245 | - | -€245 | |
| Total equity and liabilities | 10/49 | €27,802 | €17,527 | -€10,275 | -37.0% |
| Equity | 10/15 | -€48,894 | -€33,517 | +€15,377 | +31.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,894 | -€38,517 | +€15,377 | +28.5% |
| Amounts payable | 17/49 | €76,696 | €51,044 | -€25,652 | -33.4% |
| Amounts payable within one year | 42/48 | €76,696 | €51,044 | -€25,652 | -33.4% |
| Trade debts | 44 | €708 | €1,662 | +€954 | +135% |
| Suppliers | 440/4 | €708 | €1,662 | +€954 | +135% |
| Taxes, remuneration and social security | 45 | €30,461 | €14,985 | -€15,476 | -50.8% |
| Taxes | 450/3 | €30,461 | €14,985 | -€15,476 | -50.8% |
| Other amounts payable | 47/48 | €45,527 | €34,397 | -€11,130 | -24.4% |
| Non-recurring operating income | 76A | €259 | €544 | +€285 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €1,201 | €957 | -€244 | -20.3% |
| Gross operating margin | 9900 | -€10,220 | €17,230 | +€27,450 | |
| Operating profit (loss) | 9901 | -€11,621 | €16,073 | +€27,694 | |
| Financial charges | 65/66B | €176 | €696 | +€520 | +295% |
| Recurring financial charges | 65 | €176 | €696 | +€520 | +295% |
| Profit (loss) for the period before taxes | 9903 | -€11,797 | €15,377 | +€27,174 | |
| Profit (loss) for the period | 9904 | -€11,797 | €15,377 | +€27,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,797 | €15,377 | +€27,174 |
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 17 October 2026 via checked.be.