Pols & Partners: 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.
Pols & Partners
Largest movements
- Tangible fixed assets -€238,360
down €238,360 (-7.3%), from €3.3m to €3.0m
of which Land and buildings: -€191,494
- Receivables within one year -€156,902
down €156,902 (-25.8%), from €608,168 to €451,266
of which Trade receivables: -€184,135
- Cash +€122,535
up €122,535 (+10.7%), from €1.1m to €1.3m
mainly Other debts (+€400,000) and Depreciation (+€257,013)
- Other debts +€400,000
new in 2024: €400,000
- Short-term financial debts -€397,821
no longer reported in 2024 (was €397,821)
- Profit (loss) carried forward -€281,561
down €281,561 (-12.8%), from €2.2m to €1.9m
- Trade debts -€114,913
down €114,913 (-90.0%), from €127,732 to €12,819
- Gross operating margin +€160,880
up €160,880 (+45.8%), from €351,384 to €512,264
- Taxes +€50,742
new in 2024: €50,742
- Depreciation +€35,109
up €35,109 (+15.8%), from €221,903 to €257,013
- Financial income +€28,649
up €28,649 (+368%), from €7,778 to €36,426
- Financial charges +€20,501
up €20,501 (+29.5%), from €69,611 to €90,112
of which Financial charges: +€15,621
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,448,899 | €5,134,568 | -€314,330 | -5.8% |
| Fixed assets | 21/28 | €3,488,858 | €3,250,499 | -€238,360 | -6.8% |
| Tangible fixed assets | 22/27 | €3,283,640 | €3,045,281 | -€238,360 | -7.3% |
| Land and buildings | 22 | €3,176,437 | €2,984,943 | -€191,494 | -6.0% |
| Plant, machinery and equipment | 23 | €107,203 | €60,337 | -€46,866 | -43.7% |
| Financial fixed assets | 28 | €205,218 | €205,218 | = | 0.0% |
| Current assets | 29/58 | €1,960,040 | €1,884,070 | -€75,970 | -3.9% |
| Amounts receivable within one year | 40/41 | €608,168 | €451,266 | -€156,902 | -25.8% |
| Trade receivables | 40 | €369,873 | €185,737 | -€184,135 | -49.8% |
| Other amounts receivable | 41 | €238,296 | €265,529 | +€27,233 | +11.4% |
| Cash at bank and in hand | 54/58 | €1,148,551 | €1,271,087 | +€122,535 | +10.7% |
| Deferred charges and accrued income | 490/1 | €203,321 | €161,717 | -€41,604 | -20.5% |
| Total equity and liabilities | 10/49 | €5,448,899 | €5,134,568 | -€314,330 | -5.8% |
| Equity | 10/15 | €2,305,747 | €2,024,186 | -€281,561 | -12.2% |
| Contributions | 10/11 | €77,433 | €77,433 | = | 0.0% |
| Reserves | 13 | €37,160 | €37,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,416 | €29,416 | = | 0.0% |
| Distributable reserves | 133 | €5,883 | €5,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,191,155 | €1,909,594 | -€281,561 | -12.8% |
| Amounts payable | 17/49 | €3,143,152 | €3,110,383 | -€32,769 | -1.0% |
| Amounts payable after more than one year | 17 | €2,291,497 | €2,340,976 | +€49,478 | +2.2% |
| Financial debts | 170/4 | €2,291,497 | €2,340,976 | +€49,478 | +2.2% |
| Amounts payable within one year | 42/48 | €851,655 | €769,407 | -€82,248 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €311,629 | €329,816 | +€18,187 | +5.8% |
| Financial debts | 43 | €397,821 | - | -€397,821 | |
| Credit institutions | 430/8 | €397,821 | - | -€397,821 | |
| Trade debts | 44 | €127,732 | €12,819 | -€114,913 | -90.0% |
| Suppliers | 440/4 | €127,732 | €12,819 | -€114,913 | -90.0% |
| Taxes, remuneration and social security | 45 | €14,472 | €26,771 | +€12,299 | +85.0% |
| Taxes | 450/3 | €14,472 | €26,771 | +€12,299 | +85.0% |
| Other amounts payable | 47/48 | - | €400,000 | +€400,000 | |
| Non-recurring operating income | 76A | €4,574 | €2,824 | -€1,751 | -38.3% |
| Remuneration, social security and pensions | 62 | €1,377 | €1,429 | +€51 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,903 | €257,013 | +€35,109 | +15.8% |
| Other operating charges | 640/8 | €29,764 | €30,956 | +€1,192 | +4.0% |
| Gross operating margin | 9900 | €351,384 | €512,264 | +€160,880 | +45.8% |
| Operating profit (loss) | 9901 | €98,340 | €222,867 | +€124,527 | +127% |
| Financial income | 75/76B | €7,778 | €36,426 | +€28,649 | +368% |
| Recurring financial income | 75 | €7,778 | €36,426 | +€28,649 | +368% |
| Financial charges | 65/66B | €69,611 | €90,112 | +€20,501 | +29.5% |
| Recurring financial charges | 65 | €69,611 | €85,232 | +€15,621 | +22.4% |
| Non-recurring financial charges | 66B | - | €4,879 | +€4,879 | |
| Profit (loss) for the period before taxes | 9903 | €36,506 | €169,181 | +€132,675 | +363% |
| Income taxes | 67/77 | - | €50,742 | +€50,742 | |
| Profit (loss) for the period | 9904 | €36,506 | €118,439 | +€81,933 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €36,506 | €118,439 | +€81,933 | +224% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.