POLSO: 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.
POLSO
Largest movements
- Cash -€66,420
down €66,420 (-80.4%), from €82,574 to €16,154
mainly Net result for the year (-€60,929) and Debts after one year (-€23,766)
- Tangible fixed assets -€32,633
down €32,633 (-22.0%), from €148,156 to €115,523
of which Furniture and vehicles: -€30,955
- Receivables within one year +€11,131
up €11,131 (+50.4%), from €22,073 to €33,204
of which Other amounts receivable: +€20,237
- Profit (loss) carried forward -€60,929
new in 2025: -€60,929
- Debts after one year -€23,766
down €23,766 (-36.4%), from €65,270 to €41,504
- Other debts -€7,152
down €7,152 (-100.0%), from €7,152 to €0
- Tax, wage and social debts +€2,742
up €2,742 (+47.4%), from €5,789 to €8,530
of which Taxes: +€2,315
- Gross operating margin -€101,089
down €101,089 (-94.7%), from €106,702 to €5,614
- Depreciation +€12,029
up €12,029 (+50.2%), from €23,976 to €36,005
- Taxes -€11,740
down €11,740 (-97.4%), from €12,050 to €310
- Financial charges -€1,305
down €1,305 (-25.8%), from €5,060 to €3,755
- Staff costs +€1,304
up €1,304 (+5.7%), from €22,871 to €24,175
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 | €252,862 | €164,927 | -€87,936 | -34.8% |
| Fixed assets | 21/28 | €148,156 | €115,523 | -€32,633 | -22.0% |
| Tangible fixed assets | 22/27 | €148,156 | €115,523 | -€32,633 | -22.0% |
| Plant, machinery and equipment | 23 | €4,400 | €4,023 | -€377 | -8.6% |
| Furniture and vehicles | 24 | €135,774 | €104,818 | -€30,955 | -22.8% |
| Other tangible fixed assets | 26 | €7,982 | €6,682 | -€1,300 | -16.3% |
| Current assets | 29/58 | €104,706 | €49,404 | -€55,303 | -52.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,073 | €33,204 | +€11,131 | +50.4% |
| Trade receivables | 40 | €12,135 | €3,029 | -€9,106 | -75.0% |
| Other amounts receivable | 41 | €9,938 | €30,175 | +€20,237 | +203.6% |
| Cash at bank and in hand | 54/58 | €82,574 | €16,154 | -€66,420 | -80.4% |
| Deferred charges and accrued income | 490/1 | €59 | €45 | -€13 | -22.9% |
| Total equity and liabilities | 10/49 | €252,862 | €164,927 | -€87,936 | -34.8% |
| Equity | 10/15 | €148,171 | €87,242 | -€60,929 | -41.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €86,171 | €86,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,158 | €6,158 | = | 0.0% |
| Legal reserve | 130 | €6,158 | €6,158 | = | 0.0% |
| Distributable reserves | 133 | €80,013 | €80,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€60,929 | -€60,929 | |
| Amounts payable | 17/49 | €104,691 | €77,684 | -€27,006 | -25.8% |
| Amounts payable after more than one year | 17 | €65,270 | €41,504 | -€23,766 | -36.4% |
| Financial debts | 170/4 | €65,270 | €41,504 | -€23,766 | -36.4% |
| Amounts payable within one year | 42/48 | €39,420 | €36,181 | -€3,240 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €24,705 | €25,616 | +€911 | +3.7% |
| Trade debts | 44 | €1,775 | €2,034 | +€259 | +14.6% |
| Suppliers | 440/4 | €1,775 | €2,034 | +€259 | +14.6% |
| Taxes, remuneration and social security | 45 | €5,789 | €8,530 | +€2,742 | +47.4% |
| Taxes | 450/3 | €3,392 | €5,708 | +€2,315 | +68.2% |
| Remuneration and social security | 454/9 | €2,396 | €2,823 | +€427 | +17.8% |
| Other amounts payable | 47/48 | €7,152 | €0 | -€7,152 | -100.0% |
| Non-recurring operating income | 76A | €35,537 | €4,504 | -€31,033 | -87.3% |
| Remuneration, social security and pensions | 62 | €22,871 | €24,175 | +€1,304 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,976 | €36,005 | +€12,029 | +50.2% |
| Other operating charges | 640/8 | €2,870 | €2,298 | -€572 | -19.9% |
| Non-recurring operating charges | 66A | €8,281 | €0 | -€8,281 | -100.0% |
| Gross operating margin | 9900 | €106,702 | €5,614 | -€101,089 | -94.7% |
| Operating profit (loss) | 9901 | €48,705 | -€56,864 | -€105,569 | |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €5,060 | €3,755 | -€1,305 | -25.8% |
| Recurring financial charges | 65 | €5,060 | €3,755 | -€1,305 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €43,690 | -€60,619 | -€104,309 | |
| Income taxes | 67/77 | €12,050 | €310 | -€11,740 | -97.4% |
| Profit (loss) for the period | 9904 | €31,640 | -€60,929 | -€92,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,640 | -€60,929 | -€92,569 |
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.