POLY GROUP: 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 GROUP
Largest movements
- Receivables within one year +€108,069
up €108,069 (+132.4%), from €81,605 to €189,674
of which Other amounts receivable: +€84,266
- Tangible fixed assets -€6,000
down €6,000 (-60.0%), from €10,001 to €4,001
- Trade debts +€92,307
new in 2024: €92,307
- Other debts -€32,118
no longer reported in 2024 (was €32,118)
- Tax, wage and social debts +€21,734
up €21,734 (+173.9%), from €12,498 to €34,232
of which Remuneration and social security: +€20,700
- Profit (loss) carried forward +€21,394
up €21,394 (+52.4%), from €40,792 to €62,186
- Gross operating margin -€3,276
down €3,276 (-9.6%), from €34,294 to €31,018
- Financial income +€2,551
new in 2024: €2,551
- Other operating charges -€1,439
down €1,439 (-74.5%), from €1,931 to €492
- Taxes -€1,437
down €1,437 (-20.6%), from €6,965 to €5,528
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 | €91,608 | €194,925 | +€103,317 | +112.8% |
| Fixed assets | 21/28 | €10,001 | €4,001 | -€6,000 | -60.0% |
| Tangible fixed assets | 22/27 | €10,001 | €4,001 | -€6,000 | -60.0% |
| Furniture and vehicles | 24 | €10,001 | €4,001 | -€6,000 | -60.0% |
| Current assets | 29/58 | €81,607 | €190,924 | +€109,317 | +134.0% |
| Amounts receivable within one year | 40/41 | €81,605 | €189,674 | +€108,069 | +132.4% |
| Trade receivables | 40 | €79,970 | €103,773 | +€23,803 | +29.8% |
| Other amounts receivable | 41 | €1,635 | €85,901 | +€84,266 | +5154.6% |
| Cash at bank and in hand | 54/58 | €2 | €1,250 | +€1,248 | +56206.3% |
| Total equity and liabilities | 10/49 | €91,608 | €194,925 | +€103,317 | +112.8% |
| Equity | 10/15 | €46,992 | €68,386 | +€21,394 | +45.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | €40,792 | €62,186 | +€21,394 | +52.4% |
| Amounts payable | 17/49 | €44,616 | €126,539 | +€81,923 | +183.6% |
| Amounts payable within one year | 42/48 | €44,616 | €126,539 | +€81,923 | +183.6% |
| Trade debts | 44 | - | €92,307 | +€92,307 | |
| Suppliers | 440/4 | - | €92,307 | +€92,307 | |
| Taxes, remuneration and social security | 45 | €12,498 | €34,232 | +€21,734 | +173.9% |
| Taxes | 450/3 | €12,498 | €13,532 | +€1,034 | +8.3% |
| Remuneration and social security | 454/9 | - | €20,700 | +€20,700 | |
| Other amounts payable | 47/48 | €32,118 | - | -€32,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,999 | €5,999 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,931 | €492 | -€1,439 | -74.5% |
| Gross operating margin | 9900 | €34,294 | €31,018 | -€3,276 | -9.6% |
| Operating profit (loss) | 9901 | €26,363 | €24,527 | -€1,836 | -7.0% |
| Financial income | 75/76B | - | €2,551 | +€2,551 | |
| Recurring financial income | 75 | - | €2,551 | +€2,551 | |
| Financial charges | 65/66B | €292 | €156 | -€136 | -46.6% |
| Recurring financial charges | 65 | €292 | €156 | -€136 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €26,071 | €26,922 | +€851 | +3.3% |
| Income taxes | 67/77 | €6,965 | €5,528 | -€1,437 | -20.6% |
| Profit (loss) for the period | 9904 | €19,106 | €21,394 | +€2,288 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,106 | €21,394 | +€2,288 | +12.0% |
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 8 October 2026 via checked.be.