POLY INVESTMENTS: what changed
POLY INVESTMENTS
Largest movements
- Receivables within one year +€58,080
up €58,080 (+157%), from €37,107 to €95,187
of which Trade receivables: +€58,080
- Cash +€4,576
up €4,576 (+40.0%), from €11,447 to €16,023
mainly Net result for the year (+€46,382) and Tax, wage and social debts (+€11,769)
- Reserves +€46,382
up €46,382 (+132%), from €35,158 to €81,540
- Tax, wage and social debts +€11,769
up €11,769 (+106%), from €11,068 to €22,837
of which Taxes: +€11,761
- Other debts +€3,673
up €3,673 (+481%), from €764 to €4,437
- Gross operating margin +€14,011
up €14,011 (+31.6%), from €44,352 to €58,363
- Taxes +€2,492
up €2,492 (+27.2%), from €9,151 to €11,644
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,554 | €111,210 | +€62,656 | +129% |
| Current assets | 29/58 | €48,554 | €111,210 | +€62,656 | +129% |
| Amounts receivable within one year | 40/41 | €37,107 | €95,187 | +€58,080 | +157% |
| Trade receivables | 40 | €37,040 | €95,120 | +€58,080 | +157% |
| Other amounts receivable | 41 | €67 | €67 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,447 | €16,023 | +€4,576 | +40.0% |
| Total equity and liabilities | 10/49 | €48,554 | €111,210 | +€62,656 | +129% |
| Equity | 10/15 | €36,158 | €82,540 | +€46,382 | +128% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,158 | €81,540 | +€46,382 | +132% |
| Distributable reserves | 133 | €35,158 | €81,540 | +€46,382 | +132% |
| Amounts payable | 17/49 | €12,396 | €28,670 | +€16,274 | +131% |
| Amounts payable within one year | 42/48 | €12,396 | €28,670 | +€16,274 | +131% |
| Trade debts | 44 | €564 | €1,396 | +€832 | +148% |
| Suppliers | 440/4 | €564 | €1,396 | +€832 | +148% |
| Taxes, remuneration and social security | 45 | €11,068 | €22,837 | +€11,769 | +106% |
| Taxes | 450/3 | €9,410 | €21,171 | +€11,761 | +125% |
| Remuneration and social security | 454/9 | €1,658 | €1,666 | +€8 | +0.5% |
| Other amounts payable | 47/48 | €764 | €4,437 | +€3,673 | +481% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €44,352 | €58,363 | +€14,011 | +31.6% |
| Operating profit (loss) | 9901 | €44,352 | €58,235 | +€13,883 | +31.3% |
| Financial income | 75/76B | €11 | €12 | +€1 | +12.0% |
| Recurring financial income | 75 | €11 | €12 | +€1 | +12.0% |
| Financial charges | 65/66B | €53 | €221 | +€168 | +314% |
| Recurring financial charges | 65 | €53 | €221 | +€168 | +314% |
| Profit (loss) for the period before taxes | 9903 | €44,309 | €58,026 | +€13,717 | +31.0% |
| Income taxes | 67/77 | €9,151 | €11,644 | +€2,492 | +27.2% |
| Profit (loss) for the period | 9904 | €35,158 | €46,382 | +€11,224 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,158 | €46,382 | +€11,224 | +31.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.