POLTERMANN: 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.
POLTERMANN
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€55,513
down €55,513 (-9.8%), from €567,535 to €512,022
- Cash -€44,106
down €44,106 (-54.3%), from €81,265 to €37,158
mainly Tax, wage and social debts (-€93,237) and Debts after one year (-€60,104)
- Receivables within one year -€13,244
down €13,244 (-100%), from €13,244 to €0
of which Trade receivables: -€7,290
- Tax, wage and social debts -€93,237
down €93,237 (-87.2%), from €106,930 to €13,693
- Debts after one year -€60,104
down €60,104 (-10.5%), from €571,665 to €511,560
- Other debts -€59,145
down €59,145 (-98.6%), from €60,000 to €855
- Gross operating margin -€736,353
down €736,353 (-88.4%), from €832,713 to €96,360
- Financial charges -€731,971
down €731,971 (-97.2%), from €753,410 to €21,439
of which Non-recurring financial charges: -€688,961
- Depreciation -€162,426
down €162,426 (-74.5%), from €217,939 to €55,513
- Taxes -€93,307
down €93,307 (-97.0%), from €96,219 to €2,912
- Other operating charges -€21,339
down €21,339 (-70.5%), from €30,247 to €8,909
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 | €1,216,343 | €1,004,308 | -€212,036 | -17.4% |
| Fixed assets | 21/28 | €567,535 | €512,022 | -€55,513 | -9.8% |
| Tangible fixed assets | 22/27 | €567,535 | €512,022 | -€55,513 | -9.8% |
| Land and buildings | 22 | €567,535 | €512,022 | -€55,513 | -9.8% |
| Current assets | 29/58 | €648,809 | €492,286 | -€156,523 | -24.1% |
| Amounts receivable after more than one year | 29 | €454,300 | €454,300 | = | 0.0% |
| Other amounts receivable | 291 | €454,300 | €454,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,244 | €0 | -€13,244 | -100% |
| Trade receivables | 40 | €7,290 | €0 | -€7,290 | -100% |
| Other amounts receivable | 41 | €5,954 | €0 | -€5,954 | -100% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €81,265 | €37,158 | -€44,106 | -54.3% |
| Deferred charges and accrued income | 490/1 | - | €828 | +€828 | |
| Total equity and liabilities | 10/49 | €1,216,343 | €1,004,308 | -€212,036 | -17.4% |
| Equity | 10/15 | €350,130 | €360,574 | +€10,445 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,610 | €646,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,366 | €73,366 | = | 0.0% |
| Distributable reserves | 133 | €573,244 | €573,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€315,081 | -€304,636 | +€10,445 | +3.3% |
| Amounts payable | 17/49 | €866,214 | €643,733 | -€222,480 | -25.7% |
| Amounts payable after more than one year | 17 | €571,665 | €511,560 | -€60,104 | -10.5% |
| Financial debts | 170/4 | €571,665 | €511,560 | -€60,104 | -10.5% |
| Amounts payable within one year | 42/48 | €242,034 | €83,389 | -€158,645 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €58,190 | €60,104 | +€1,914 | +3.3% |
| Trade debts | 44 | €16,914 | €8,737 | -€8,177 | -48.3% |
| Suppliers | 440/4 | €16,914 | €8,737 | -€8,177 | -48.3% |
| Taxes, remuneration and social security | 45 | €106,930 | €13,693 | -€93,237 | -87.2% |
| Taxes | 450/3 | €106,930 | €13,693 | -€93,237 | -87.2% |
| Other amounts payable | 47/48 | €60,000 | €855 | -€59,145 | -98.6% |
| Accrued charges and deferred income | 492/3 | €52,515 | €48,784 | -€3,731 | -7.1% |
| Non-recurring operating income | 76A | €755,279 | €0 | -€755,279 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,939 | €55,513 | -€162,426 | -74.5% |
| Other operating charges | 640/8 | €30,247 | €8,909 | -€21,339 | -70.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €832,713 | €96,360 | -€736,353 | -88.4% |
| Operating profit (loss) | 9901 | €584,527 | €31,938 | -€552,588 | -94.5% |
| Financial income | 75/76B | €974 | €2,857 | +€1,883 | +193% |
| Recurring financial income | 75 | €974 | €2,857 | +€1,883 | +193% |
| Financial charges | 65/66B | €753,410 | €21,439 | -€731,971 | -97.2% |
| Recurring financial charges | 65 | €64,449 | €21,439 | -€43,009 | -66.7% |
| Non-recurring financial charges | 66B | €688,961 | €0 | -€688,961 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€167,909 | €13,356 | +€181,266 | |
| Income taxes | 67/77 | €96,219 | €2,912 | -€93,307 | -97.0% |
| Profit (loss) for the period | 9904 | -€264,128 | €10,445 | +€274,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€264,128 | €10,445 | +€274,573 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.