POLTATRA: 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.
POLTATRA
Largest movements
- Tangible fixed assets +€149,524
up €149,524 (+421.9%), from €35,445 to €184,968
of which Plant, machinery and equipment: +€114,756
- Receivables within one year +€28,716
up €28,716 (+24.7%), from €116,165 to €144,881
of which Other amounts receivable: +€29,003
- Cash -€20,889
down €20,889 (-57.2%), from €36,519 to €15,630
mainly Investment in fixed assets (net) (-€171,207) and Receivables within one year (-€28,716)
- Debts after one year +€101,618
up €101,618 (+309.3%), from €32,855 to €134,473
- Current portion of long-term debt +€50,950
up €50,950 (+765.3%), from €6,657 to €57,607
- Profit (loss) carried forward +€22,118
up €22,118 (+19.6%), from €112,790 to €134,908
- Short-term financial debts -€18,945
no longer reported in 2025 (was €18,945)
- Financial charges +€11,182
up €11,182 (+617.8%), from €1,810 to €12,992
- Taxes -€8,484
down €8,484 (-70.8%), from €11,984 to €3,500
- Depreciation +€8,007
up €8,007 (+58.5%), from €13,676 to €21,683
- Gross operating margin -€4,069
down €4,069 (-7.1%), from €57,574 to €53,505
- Financial income +€1,402
up €1,402 (+22.5%), from €6,236 to €7,638
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 | €196,878 | €354,228 | +€157,351 | +79.9% |
| Fixed assets | 21/28 | €39,109 | €188,632 | +€149,524 | +382.3% |
| Tangible fixed assets | 22/27 | €35,445 | €184,968 | +€149,524 | +421.9% |
| Plant, machinery and equipment | 23 | €55 | €114,811 | +€114,756 | +209218.3% |
| Furniture and vehicles | 24 | €31,425 | €31,247 | -€178 | -0.6% |
| Leasing and similar rights | 25 | €3,965 | €38,910 | +€34,945 | +881.4% |
| Financial fixed assets | 28 | €3,664 | €3,664 | = | 0.0% |
| Current assets | 29/58 | €157,769 | €165,596 | +€7,827 | +5.0% |
| Stocks and contracts in progress | 3 | €5,084 | €5,084 | = | 0.0% |
| Stocks | 30/36 | €5,084 | €5,084 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,165 | €144,881 | +€28,716 | +24.7% |
| Trade receivables | 40 | €6,468 | €6,181 | -€287 | -4.4% |
| Other amounts receivable | 41 | €109,697 | €138,701 | +€29,003 | +26.4% |
| Cash at bank and in hand | 54/58 | €36,519 | €15,630 | -€20,889 | -57.2% |
| Total equity and liabilities | 10/49 | €196,878 | €354,228 | +€157,351 | +79.9% |
| Equity | 10/15 | €118,990 | €141,108 | +€22,118 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,790 | €134,908 | +€22,118 | +19.6% |
| Amounts payable | 17/49 | €77,888 | €213,121 | +€135,233 | +173.6% |
| Amounts payable after more than one year | 17 | €32,855 | €134,473 | +€101,618 | +309.3% |
| Financial debts | 170/4 | €32,855 | €134,473 | +€101,618 | +309.3% |
| Amounts payable within one year | 42/48 | €45,033 | €78,648 | +€33,615 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €6,657 | €57,607 | +€50,950 | +765.3% |
| Financial debts | 43 | €18,945 | - | -€18,945 | |
| Credit institutions | 430/8 | €18,945 | - | -€18,945 | |
| Trade debts | 44 | €8,983 | €9,846 | +€863 | +9.6% |
| Suppliers | 440/4 | €8,983 | €9,846 | +€863 | +9.6% |
| Taxes, remuneration and social security | 45 | €10,447 | €11,194 | +€747 | +7.2% |
| Taxes | 450/3 | €10,447 | €9,794 | -€653 | -6.2% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,676 | €21,683 | +€8,007 | +58.5% |
| Other operating charges | 640/8 | €1,453 | €850 | -€603 | -41.5% |
| Gross operating margin | 9900 | €57,574 | €53,505 | -€4,069 | -7.1% |
| Operating profit (loss) | 9901 | €42,444 | €30,972 | -€11,473 | -27.0% |
| Financial income | 75/76B | €6,236 | €7,638 | +€1,402 | +22.5% |
| Recurring financial income | 75 | €6,236 | €7,638 | +€1,402 | +22.5% |
| Financial charges | 65/66B | €1,810 | €12,992 | +€11,182 | +617.8% |
| Recurring financial charges | 65 | €1,810 | €12,992 | +€11,182 | +617.8% |
| Profit (loss) for the period before taxes | 9903 | €46,870 | €25,617 | -€21,253 | -45.3% |
| Income taxes | 67/77 | €11,984 | €3,500 | -€8,484 | -70.8% |
| Profit (loss) for the period | 9904 | €34,886 | €22,118 | -€12,769 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,886 | €22,118 | -€12,769 | -36.6% |
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.