POLY - COPIES: 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.
POLY - COPIES
Largest movements
- Receivables within one year -€48,443
down €48,443 (-39.7%), from €121,898 to €73,456
of which Trade receivables: -€44,297
- Cash +€15,257
up €15,257 (+25.2%), from €60,464 to €75,721
mainly Receivables within one year (+€48,443) and Depreciation (+€2,365)
- Other debts -€15,772
down €15,772 (-30.4%), from €51,906 to €36,134
- Tax, wage and social debts -€10,569
down €10,569 (-32.3%), from €32,751 to €22,183
of which Taxes: -€13,202
- Debts after one year -€3,805
no longer reported in 2025 (was €3,805)
- Gross operating margin -€24,922
down €24,922 (-41.1%), from €60,706 to €35,784
- Taxes -€15,557
down €15,557, from €14,332 to -€1,225
- Staff costs +€1,030
up €1,030 (+3.4%), from €30,064 to €31,094
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 | €197,369 | €164,836 | -€32,532 | -16.5% |
| Fixed assets | 21/28 | €2,310 | €3,285 | +€975 | +42.2% |
| Tangible fixed assets | 22/27 | €2,310 | €3,285 | +€975 | +42.2% |
| Furniture and vehicles | 24 | - | €642 | +€642 | |
| Other tangible fixed assets | 26 | €2,310 | €2,643 | +€333 | +14.4% |
| Current assets | 29/58 | €195,059 | €161,552 | -€33,507 | -17.2% |
| Stocks and contracts in progress | 3 | €11,097 | €10,775 | -€321 | -2.9% |
| Stocks | 30/36 | €11,097 | €10,775 | -€321 | -2.9% |
| Amounts receivable within one year | 40/41 | €121,898 | €73,456 | -€48,443 | -39.7% |
| Trade receivables | 40 | €117,753 | €73,456 | -€44,297 | -37.6% |
| Other amounts receivable | 41 | €4,145 | - | -€4,145 | |
| Cash at bank and in hand | 54/58 | €60,464 | €75,721 | +€15,257 | +25.2% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €197,369 | €164,836 | -€32,532 | -16.5% |
| Equity | 10/15 | €57,757 | €56,326 | -€1,432 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,260 | €2,260 | = | 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 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,897 | €35,466 | -€1,432 | -3.9% |
| Amounts payable | 17/49 | €139,611 | €108,511 | -€31,101 | -22.3% |
| Amounts payable after more than one year | 17 | €3,805 | - | -€3,805 | |
| Financial debts | 170/4 | €3,805 | - | -€3,805 | |
| Amounts payable within one year | 42/48 | €134,802 | €108,511 | -€26,291 | -19.5% |
| Financial debts | 43 | €75 | €75 | = | 0.0% |
| Other loans | 439 | €75 | €75 | = | 0.0% |
| Trade debts | 44 | €50,070 | €50,120 | +€50 | +0.1% |
| Suppliers | 440/4 | €50,070 | €50,120 | +€50 | +0.1% |
| Taxes, remuneration and social security | 45 | €32,751 | €22,183 | -€10,569 | -32.3% |
| Taxes | 450/3 | €19,311 | €6,110 | -€13,202 | -68.4% |
| Remuneration and social security | 454/9 | €13,440 | €16,073 | +€2,633 | +19.6% |
| Other amounts payable | 47/48 | €51,906 | €36,134 | -€15,772 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,004 | - | -€1,004 | |
| Remuneration, social security and pensions | 62 | €30,064 | €31,094 | +€1,030 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,092 | €2,365 | +€273 | +13.0% |
| Other operating charges | 640/8 | €1,005 | €1,063 | +€58 | +5.8% |
| Gross operating margin | 9900 | €60,706 | €35,784 | -€24,922 | -41.1% |
| Operating profit (loss) | 9901 | €27,545 | €1,262 | -€26,283 | -95.4% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €4,452 | €3,991 | -€461 | -10.4% |
| Recurring financial charges | 65 | €4,452 | €3,991 | -€461 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €23,093 | -€2,657 | -€25,750 | |
| Income taxes | 67/77 | €14,332 | -€1,225 | -€15,557 | |
| Profit (loss) for the period | 9904 | €8,761 | -€1,432 | -€10,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,761 | -€1,432 | -€10,193 |
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 2 October 2026 via checked.be.