POLY-PRODUCT: 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-PRODUCT
Largest movements
- Cash -€24,530
down €24,530 (-45.0%), from €54,477 to €29,947
mainly Net result for the year (-€27,029) and Tax, wage and social debts (-€3,568)
- Tangible fixed assets -€3,930
down €3,930 (-52.1%), from €7,542 to €3,612
of which Plant, machinery and equipment: -€4,258
- Receivables within one year +€2,338
up €2,338 (+136.5%), from €1,712 to €4,050
of which Other amounts receivable: +€2,267
- Profit (loss) carried forward -€27,029
down €27,029 (-160.2%), from -€16,874 to -€43,903
- Tax, wage and social debts -€3,568
down €3,568 (-55.2%), from €6,468 to €2,900
of which Remuneration and social security: -€3,142
- Other debts +€3,415
up €3,415 (+6.1%), from €55,652 to €59,066
- Trade debts +€1,059
up €1,059 (+2.9%), from €36,301 to €37,360
- Gross operating margin -€50,397
down €50,397 (-59.4%), from €84,788 to €34,391
- Staff costs +€7,376
up €7,376 (+16.3%), from €45,161 to €52,537
- Other operating charges +€1,040
up €1,040 (+34.7%), from €2,995 to €4,035
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 | €93,322 | €67,243 | -€26,079 | -27.9% |
| Fixed assets | 21/28 | €33,374 | €29,444 | -€3,930 | -11.8% |
| Tangible fixed assets | 22/27 | €7,542 | €3,612 | -€3,930 | -52.1% |
| Plant, machinery and equipment | 23 | €5,462 | €1,203 | -€4,258 | -78.0% |
| Furniture and vehicles | 24 | - | €849 | +€849 | |
| Other tangible fixed assets | 26 | €2,080 | €1,560 | -€520 | -25.0% |
| Financial fixed assets | 28 | €25,832 | €25,832 | = | 0.0% |
| Current assets | 29/58 | €59,949 | €37,799 | -€22,150 | -36.9% |
| Amounts receivable within one year | 40/41 | €1,712 | €4,050 | +€2,338 | +136.5% |
| Trade receivables | 40 | €0 | €71 | +€71 | |
| Other amounts receivable | 41 | €1,712 | €3,980 | +€2,267 | +132.4% |
| Cash at bank and in hand | 54/58 | €54,477 | €29,947 | -€24,530 | -45.0% |
| Deferred charges and accrued income | 490/1 | €3,760 | €3,802 | +€43 | +1.1% |
| Total equity and liabilities | 10/49 | €93,322 | €67,243 | -€26,079 | -27.9% |
| Equity | 10/15 | -€5,099 | -€32,128 | -€27,029 | -530.1% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,874 | -€43,903 | -€27,029 | -160.2% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €98,421 | €99,371 | +€950 | +1.0% |
| Amounts payable within one year | 42/48 | €98,421 | €99,327 | +€906 | +0.9% |
| Trade debts | 44 | €36,301 | €37,360 | +€1,059 | +2.9% |
| Suppliers | 440/4 | €36,301 | €37,360 | +€1,059 | +2.9% |
| Taxes, remuneration and social security | 45 | €6,468 | €2,900 | -€3,568 | -55.2% |
| Taxes | 450/3 | €802 | €375 | -€426 | -53.2% |
| Remuneration and social security | 454/9 | €5,667 | €2,525 | -€3,142 | -55.4% |
| Other amounts payable | 47/48 | €55,652 | €59,066 | +€3,415 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Remuneration, social security and pensions | 62 | €45,161 | €52,537 | +€7,376 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,002 | €4,787 | -€216 | -4.3% |
| Other operating charges | 640/8 | €2,995 | €4,035 | +€1,040 | +34.7% |
| Gross operating margin | 9900 | €84,788 | €34,391 | -€50,397 | -59.4% |
| Operating profit (loss) | 9901 | €31,629 | -€26,968 | -€58,598 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €47 | €61 | +€14 | +29.4% |
| Recurring financial charges | 65 | €47 | €61 | +€14 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €31,582 | -€27,029 | -€58,611 | |
| Profit (loss) for the period | 9904 | €31,582 | -€27,029 | -€58,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,582 | -€27,029 | -€58,611 |
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 6 October 2026 via checked.be.