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
- Cash +€20,027
up €20,027 (+24.8%), from €80,811 to €100,838
mainly Net result for the year (+€23,529) and Depreciation (+€23,079)
- Tangible fixed assets -€19,940
down €19,940 (-27.3%), from €73,086 to €53,146
of which Furniture and vehicles: -€17,698
- Receivables within one year -€11,693
down €11,693 (-28.8%), from €40,566 to €28,873
of which Trade receivables: -€18,166
- Reserves +€23,529
up €23,529 (+21.4%), from €109,949 to €133,478
- Tax, wage and social debts -€23,337
down €23,337 (-98.2%), from €23,772 to €436
- Debts after one year -€12,240
down €12,240 (-38.7%), from €31,626 to €19,386
- Short-term financial debts +€5,078
new in 2025: €5,078
- Trade debts -€2,938
down €2,938 (-61.2%), from €4,804 to €1,866
- Gross operating margin -€23,976
down €23,976 (-29.9%), from €80,313 to €56,338
- Taxes -€5,764
down €5,764 (-47.6%), from €12,102 to €6,338
- Depreciation -€1,400
down €1,400 (-5.7%), from €24,479 to €23,079
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 | €211,260 | €198,951 | -€12,310 | -5.8% |
| Fixed assets | 21/28 | €73,086 | €53,146 | -€19,940 | -27.3% |
| Tangible fixed assets | 22/27 | €73,086 | €53,146 | -€19,940 | -27.3% |
| Land and buildings | 22 | €1,594 | €1,164 | -€430 | -27.0% |
| Plant, machinery and equipment | 23 | €11,229 | €9,809 | -€1,421 | -12.7% |
| Furniture and vehicles | 24 | €58,804 | €41,105 | -€17,698 | -30.1% |
| Other tangible fixed assets | 26 | €1,459 | €1,068 | -€391 | -26.8% |
| Current assets | 29/58 | €138,174 | €145,805 | +€7,631 | +5.5% |
| Stocks and contracts in progress | 3 | €14,522 | €15,022 | +€501 | +3.4% |
| Stocks | 30/36 | €14,522 | €15,022 | +€501 | +3.4% |
| Amounts receivable within one year | 40/41 | €40,566 | €28,873 | -€11,693 | -28.8% |
| Trade receivables | 40 | €37,664 | €19,498 | -€18,166 | -48.2% |
| Other amounts receivable | 41 | €2,903 | €9,376 | +€6,473 | +223.0% |
| Cash at bank and in hand | 54/58 | €80,811 | €100,838 | +€20,027 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,275 | €1,071 | -€1,204 | -52.9% |
| Total equity and liabilities | 10/49 | €211,260 | €198,951 | -€12,310 | -5.8% |
| Equity | 10/15 | €119,949 | €143,478 | +€23,529 | +19.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €109,949 | €133,478 | +€23,529 | +21.4% |
| Distributable reserves | 133 | €109,949 | €133,478 | +€23,529 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,312 | €55,473 | -€35,839 | -39.2% |
| Amounts payable after more than one year | 17 | €31,626 | €19,386 | -€12,240 | -38.7% |
| Financial debts | 170/4 | €31,626 | €19,386 | -€12,240 | -38.7% |
| Amounts payable within one year | 42/48 | €59,685 | €36,087 | -€23,599 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €11,720 | €12,240 | +€520 | +4.4% |
| Financial debts | 43 | - | €5,078 | +€5,078 | |
| Credit institutions | 430/8 | - | €5,078 | +€5,078 | |
| Trade debts | 44 | €4,804 | €1,866 | -€2,938 | -61.2% |
| Suppliers | 440/4 | €4,804 | €1,866 | -€2,938 | -61.2% |
| Taxes, remuneration and social security | 45 | €23,772 | €436 | -€23,337 | -98.2% |
| Taxes | 450/3 | €23,772 | €436 | -€23,337 | -98.2% |
| Other amounts payable | 47/48 | €19,388 | €16,467 | -€2,922 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,479 | €23,079 | -€1,400 | -5.7% |
| Other operating charges | 640/8 | €1,623 | €1,318 | -€305 | -18.8% |
| Gross operating margin | 9900 | €80,313 | €56,338 | -€23,976 | -29.9% |
| Operating profit (loss) | 9901 | €54,211 | €31,941 | -€22,271 | -41.1% |
| Financial income | 75/76B | €14 | €5 | -€10 | -66.4% |
| Recurring financial income | 75 | €14 | €5 | -€10 | -66.4% |
| Financial charges | 65/66B | €2,313 | €2,079 | -€235 | -10.1% |
| Recurring financial charges | 65 | €2,313 | €2,079 | -€235 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €51,913 | €29,867 | -€22,046 | -42.5% |
| Income taxes | 67/77 | €12,102 | €6,338 | -€5,764 | -47.6% |
| Profit (loss) for the period | 9904 | €39,811 | €23,529 | -€16,281 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,811 | €23,529 | -€16,281 | -40.9% |
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 1 October 2026 via checked.be.