POLUS: 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.
POLUS
Largest movements
- Cash +€41,268
up €41,268 (+60.9%), from €67,796 to €109,064
mainly Net result for the year (+€87,769) and Accrued charges and deferred income (+€20,090)
- Intangible fixed assets -€16,669
down €16,669 (-11.7%), from €142,187 to €125,518
- Reserves +€62,769
up €62,769 (+223.0%), from €28,146 to €90,915
- Debts after one year -€57,787
down €57,787 (-47.7%), from €121,259 to €63,471
- Accrued charges and deferred income +€20,090
up €20,090 (+13420.3%), from €150 to €20,240
- Tax, wage and social debts +€8,577
up €8,577 (+75.8%), from €11,323 to €19,900
of which Taxes: +€8,577
- Current portion of long-term debt -€8,489
down €8,489 (-20.0%), from €42,352 to €33,863
- Gross operating margin +€49,588
up €49,588 (+56.3%), from €88,051 to €137,639
- Depreciation -€28,941
down €28,941 (-62.7%), from €46,132 to €17,191
- Taxes +€18,577
up €18,577 (+171.7%), from €10,823 to €29,400
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 | €232,464 | €256,451 | +€23,987 | +10.3% |
| Fixed assets | 21/28 | €142,859 | €125,668 | -€17,191 | -12.0% |
| Intangible fixed assets | 21 | €142,187 | €125,518 | -€16,669 | -11.7% |
| Tangible fixed assets | 22/27 | €672 | €151 | -€522 | -77.6% |
| Furniture and vehicles | 24 | €672 | €151 | -€522 | -77.6% |
| Current assets | 29/58 | €89,605 | €130,783 | +€41,177 | +46.0% |
| Amounts receivable within one year | 40/41 | €21,810 | €21,719 | -€91 | -0.4% |
| Trade receivables | 40 | €21,810 | €21,719 | -€91 | -0.4% |
| Cash at bank and in hand | 54/58 | €67,796 | €109,064 | +€41,268 | +60.9% |
| Total equity and liabilities | 10/49 | €232,464 | €256,451 | +€23,987 | +10.3% |
| Equity | 10/15 | €48,146 | €110,915 | +€62,769 | +130.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,146 | €90,915 | +€62,769 | +223.0% |
| Distributable reserves | 133 | €28,146 | €90,915 | +€62,769 | +223.0% |
| Amounts payable | 17/49 | €184,319 | €145,536 | -€38,783 | -21.0% |
| Amounts payable after more than one year | 17 | €121,259 | €63,471 | -€57,787 | -47.7% |
| Financial debts | 170/4 | €121,259 | €63,471 | -€57,787 | -47.7% |
| Amounts payable within one year | 42/48 | €62,911 | €61,825 | -€1,086 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €42,352 | €33,863 | -€8,489 | -20.0% |
| Trade debts | 44 | €9,236 | €8,062 | -€1,174 | -12.7% |
| Suppliers | 440/4 | €9,236 | €8,062 | -€1,174 | -12.7% |
| Taxes, remuneration and social security | 45 | €11,323 | €19,900 | +€8,577 | +75.8% |
| Taxes | 450/3 | €10,823 | €19,400 | +€8,577 | +79.3% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €150 | €20,240 | +€20,090 | +13420.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,132 | €17,191 | -€28,941 | -62.7% |
| Other operating charges | 640/8 | €704 | €547 | -€158 | -22.4% |
| Gross operating margin | 9900 | €88,051 | €137,639 | +€49,588 | +56.3% |
| Operating profit (loss) | 9901 | €41,215 | €119,902 | +€78,687 | +190.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3600.0% |
| Financial charges | 65/66B | €3,203 | €2,733 | -€470 | -14.7% |
| Recurring financial charges | 65 | €3,203 | €2,733 | -€470 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €38,012 | €117,169 | +€79,157 | +208.2% |
| Income taxes | 67/77 | €10,823 | €29,400 | +€18,577 | +171.7% |
| Profit (loss) for the period | 9904 | €27,189 | €87,769 | +€60,580 | +222.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,189 | €87,769 | +€60,580 | +222.8% |
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 8 October 2026 via checked.be.