POLY DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets +€21,010
up €21,010 (+26.5%), from €79,324 to €100,333
of which Other tangible fixed assets: +€21,094
- Cash -€20,903
down €20,903 (-48.4%), from €43,175 to €22,271
mainly Net result for the year (-€128,756) and Investment in fixed assets (net) (-€47,342)
- Receivables within one year -€15,368
down €15,368 (-85.0%), from €18,082 to €2,713
of which Other amounts receivable: -€16,416
- Stocks and contracts +€2,450
up €2,450 (+49.5%), from €4,950 to €7,400
- Profit (loss) carried forward -€128,756
down €128,756 (-1498.4%), from -€8,593 to -€137,349
- Other debts +€41,763
up €41,763 (+70.9%), from €58,940 to €100,703
- Trade debts +€36,397
up €36,397 (+132.8%), from €27,416 to €63,813
- Debts after one year +€23,790
up €23,790 (+97.5%), from €24,391 to €48,181
- Tax, wage and social debts +€10,770
up €10,770 (+119.1%), from €9,047 to €19,817
of which Remuneration and social security: +€11,504
- Staff costs +€92,219
up €92,219 (+6770.5%), from €1,362 to €93,581
- Other operating charges -€13,276
down €13,276 (-91.4%), from €14,530 to €1,254
- Depreciation +€9,856
up €9,856 (+59.8%), from €16,476 to €26,333
- Gross operating margin -€6,645
down €6,645, from €5,007 to -€1,639
- Financial charges -€226
down €226 (-3.8%), from €5,994 to €5,768
of which Non-recurring financial charges: -€1,220
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,294 | €133,890 | -€12,403 | -8.5% |
| Fixed assets | 21/28 | €79,324 | €100,333 | +€21,010 | +26.5% |
| Tangible fixed assets | 22/27 | €79,324 | €100,333 | +€21,010 | +26.5% |
| Plant, machinery and equipment | 23 | €35,362 | €47,726 | +€12,364 | +35.0% |
| Furniture and vehicles | 24 | €41,302 | €28,854 | -€12,448 | -30.1% |
| Other tangible fixed assets | 26 | €2,660 | €23,754 | +€21,094 | +793.0% |
| Current assets | 29/58 | €66,970 | €33,557 | -€33,413 | -49.9% |
| Stocks and contracts in progress | 3 | €4,950 | €7,400 | +€2,450 | +49.5% |
| Stocks | 30/36 | €4,950 | €7,400 | +€2,450 | +49.5% |
| Amounts receivable within one year | 40/41 | €18,082 | €2,713 | -€15,368 | -85.0% |
| Trade receivables | 40 | - | €1,048 | +€1,048 | |
| Other amounts receivable | 41 | €18,082 | €1,666 | -€16,416 | -90.8% |
| Cash at bank and in hand | 54/58 | €43,175 | €22,271 | -€20,903 | -48.4% |
| Deferred charges and accrued income | 490/1 | €764 | €1,172 | +€408 | +53.4% |
| Total equity and liabilities | 10/49 | €146,294 | €133,890 | -€12,403 | -8.5% |
| Equity | 10/15 | €11,563 | -€117,193 | -€128,756 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €156 | €156 | = | 0.0% |
| Tax-exempt reserves | 132 | €156 | €156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,593 | -€137,349 | -€128,756 | -1498.4% |
| Amounts payable | 17/49 | €134,731 | €251,083 | +€116,352 | +86.4% |
| Amounts payable after more than one year | 17 | €24,391 | €48,181 | +€23,790 | +97.5% |
| Financial debts | 170/4 | €24,391 | €48,181 | +€23,790 | +97.5% |
| Amounts payable within one year | 42/48 | €110,340 | €202,902 | +€92,562 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €14,937 | €18,569 | +€3,632 | +24.3% |
| Trade debts | 44 | €27,416 | €63,813 | +€36,397 | +132.8% |
| Suppliers | 440/4 | €27,416 | €63,813 | +€36,397 | +132.8% |
| Taxes, remuneration and social security | 45 | €9,047 | €19,817 | +€10,770 | +119.1% |
| Taxes | 450/3 | €9,047 | €8,314 | -€733 | -8.1% |
| Remuneration and social security | 454/9 | - | €11,504 | +€11,504 | |
| Other amounts payable | 47/48 | €58,940 | €100,703 | +€41,763 | +70.9% |
| Non-recurring operating income | 76A | €7,358 | - | -€7,358 | |
| Remuneration, social security and pensions | 62 | €1,362 | €93,581 | +€92,219 | +6770.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,476 | €26,333 | +€9,856 | +59.8% |
| Other operating charges | 640/8 | €14,530 | €1,254 | -€13,276 | -91.4% |
| Gross operating margin | 9900 | €5,007 | -€1,639 | -€6,645 | |
| Operating profit (loss) | 9901 | -€27,362 | -€122,806 | -€95,445 | -348.8% |
| Financial income | 75/76B | €0 | €31 | +€31 | +156800.0% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +156800.0% |
| Financial charges | 65/66B | €5,994 | €5,768 | -€226 | -3.8% |
| Recurring financial charges | 65 | €4,774 | €5,768 | +€994 | +20.8% |
| Non-recurring financial charges | 66B | €1,220 | - | -€1,220 | |
| Profit (loss) for the period before taxes | 9903 | -€33,356 | -€128,543 | -€95,187 | -285.4% |
| Income taxes | 67/77 | €225 | €213 | -€12 | -5.3% |
| Profit (loss) for the period | 9904 | -€33,581 | -€128,756 | -€95,175 | -283.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,581 | -€128,756 | -€95,175 | -283.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.