Polona: 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.
Polona
Largest movements
- Tangible fixed assets +€103,936
up €103,936 (+19.2%), from €541,105 to €645,041
of which Land and buildings: +€105,048
- Debts after one year +€66,966
up €66,966 (+15.6%), from €428,193 to €495,159
- Other debts +€34,474
up €34,474 (+81.1%), from €42,497 to €76,971
- Depreciation +€2,776
up €2,776 (+10.7%), from €26,020 to €28,796
- Gross operating margin +€2,537
up €2,537 (+7.2%), from €35,406 to €37,944
- Other operating charges +€2,059
up €2,059 (+398.9%), from €516 to €2,575
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 | €552,138 | €651,007 | +€98,869 | +17.9% |
| Fixed assets | 21/28 | €541,105 | €645,041 | +€103,936 | +19.2% |
| Tangible fixed assets | 22/27 | €541,105 | €645,041 | +€103,936 | +19.2% |
| Land and buildings | 22 | €535,064 | €640,112 | +€105,048 | +19.6% |
| Plant, machinery and equipment | 23 | €6,041 | €4,929 | -€1,112 | -18.4% |
| Current assets | 29/58 | €11,033 | €5,966 | -€5,067 | -45.9% |
| Amounts receivable within one year | 40/41 | €1,567 | - | -€1,567 | |
| Trade receivables | 40 | €1,567 | - | -€1,567 | |
| Cash at bank and in hand | 54/58 | €9,162 | €4,663 | -€4,499 | -49.1% |
| Deferred charges and accrued income | 490/1 | €303 | €1,303 | +€1,000 | +329.9% |
| Total equity and liabilities | 10/49 | €552,138 | €651,007 | +€98,869 | +17.9% |
| Equity | 10/15 | €42,046 | €41,039 | -€1,007 | -2.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,954 | -€18,961 | -€1,007 | -5.6% |
| Amounts payable | 17/49 | €510,091 | €609,968 | +€99,876 | +19.6% |
| Amounts payable after more than one year | 17 | €428,193 | €495,159 | +€66,966 | +15.6% |
| Financial debts | 170/4 | €428,193 | €495,159 | +€66,966 | +15.6% |
| Amounts payable within one year | 42/48 | €81,132 | €114,731 | +€33,599 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €38,211 | €35,905 | -€2,306 | -6.0% |
| Trade debts | 44 | €423 | €1,854 | +€1,431 | +338.2% |
| Suppliers | 440/4 | €423 | €1,854 | +€1,431 | +338.2% |
| Other amounts payable | 47/48 | €42,497 | €76,971 | +€34,474 | +81.1% |
| Accrued charges and deferred income | 492/3 | €767 | €78 | -€688 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,020 | €28,796 | +€2,776 | +10.7% |
| Other operating charges | 640/8 | €516 | €2,575 | +€2,059 | +398.9% |
| Gross operating margin | 9900 | €35,406 | €37,944 | +€2,537 | +7.2% |
| Operating profit (loss) | 9901 | €8,870 | €6,572 | -€2,298 | -25.9% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €7,238 | €7,579 | +€341 | +4.7% |
| Recurring financial charges | 65 | €7,238 | €7,579 | +€341 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €1,638 | -€1,007 | -€2,646 | |
| Profit (loss) for the period | 9904 | €1,638 | -€1,007 | -€2,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,638 | -€1,007 | -€2,646 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.