POLY-SMID: 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-SMID
Largest movements
- Cash +€37,194
up €37,194 (+113.0%), from €32,919 to €70,113
mainly Receivables within one year (+€30,539) and Depreciation (+€14,905)
- Receivables within one year -€30,539
down €30,539 (-58.4%), from €52,266 to €21,727
of which Trade receivables: -€33,443
- Tangible fixed assets -€8,507
down €8,507 (-20.1%), from €42,264 to €33,756
of which Other tangible fixed assets: -€8,925
- Reserves +€19,238
up €19,238 (+45.1%), from €42,622 to €61,860
of which Distributable reserves: +€19,238
- Profit (loss) carried forward -€7,925
down €7,925 (-61.8%), from €12,828 to €4,903
- Trade debts -€7,011
down €7,011 (-57.7%), from €12,151 to €5,140
- Other debts -€5,326
down €5,326 (-12.0%), from €44,397 to €39,072
- Staff costs -€35,867
down €35,867 (-82.6%), from €43,429 to €7,562
- Gross operating margin -€26,326
down €26,326 (-34.9%), from €75,363 to €49,037
- Write-downs -€19,335
new in 2025: -€19,335
- Other operating charges +€19,174
up €19,174 (+1030.7%), from €1,860 to €21,035
- Financial charges -€10,731
down €10,731 (-74.2%), from €14,464 to €3,733
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 | €135,602 | €133,470 | -€2,132 | -1.6% |
| Fixed assets | 21/28 | €42,637 | €33,891 | -€8,746 | -20.5% |
| Tangible fixed assets | 22/27 | €42,264 | €33,756 | -€8,507 | -20.1% |
| Land and buildings | 22 | - | €6,486 | +€6,486 | |
| Plant, machinery and equipment | 23 | €2,754 | €1,815 | -€939 | -34.1% |
| Furniture and vehicles | 24 | €30,585 | €25,455 | -€5,129 | -16.8% |
| Other tangible fixed assets | 26 | €8,925 | €0 | -€8,925 | -100.0% |
| Financial fixed assets | 28 | €373 | €135 | -€238 | -63.9% |
| Current assets | 29/58 | €92,965 | €99,579 | +€6,614 | +7.1% |
| Stocks and contracts in progress | 3 | €3,287 | €4,166 | +€879 | +26.7% |
| Stocks | 30/36 | €3,287 | €4,166 | +€879 | +26.7% |
| Amounts receivable within one year | 40/41 | €52,266 | €21,727 | -€30,539 | -58.4% |
| Trade receivables | 40 | €44,696 | €11,253 | -€33,443 | -74.8% |
| Other amounts receivable | 41 | €7,570 | €10,474 | +€2,903 | +38.4% |
| Cash at bank and in hand | 54/58 | €32,919 | €70,113 | +€37,194 | +113.0% |
| Deferred charges and accrued income | 490/1 | €4,493 | €3,574 | -€920 | -20.5% |
| Total equity and liabilities | 10/49 | €135,602 | €133,470 | -€2,132 | -1.6% |
| Equity | 10/15 | €74,050 | €85,363 | +€11,313 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,622 | €61,860 | +€19,238 | +45.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,762 | €60,000 | +€19,238 | +47.2% |
| Profit (loss) carried forward | 14 | €12,828 | €4,903 | -€7,925 | -61.8% |
| Amounts payable | 17/49 | €61,552 | €48,107 | -€13,445 | -21.8% |
| Amounts payable within one year | 42/48 | €61,552 | €48,107 | -€13,445 | -21.8% |
| Trade debts | 44 | €12,151 | €5,140 | -€7,011 | -57.7% |
| Suppliers | 440/4 | €12,151 | €5,140 | -€7,011 | -57.7% |
| Taxes, remuneration and social security | 45 | €5,004 | €3,895 | -€1,108 | -22.2% |
| Taxes | 450/3 | €2,628 | €3,895 | +€1,267 | +48.2% |
| Remuneration and social security | 454/9 | €2,376 | €0 | -€2,376 | -100.0% |
| Other amounts payable | 47/48 | €44,397 | €39,072 | -€5,326 | -12.0% |
| Remuneration, social security and pensions | 62 | €43,429 | €7,562 | -€35,867 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,714 | €14,905 | +€8,191 | +122.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€19,335 | -€19,335 | |
| Other operating charges | 640/8 | €1,860 | €21,035 | +€19,174 | +1030.7% |
| Gross operating margin | 9900 | €75,363 | €49,037 | -€26,326 | -34.9% |
| Operating profit (loss) | 9901 | €23,360 | €24,870 | +€1,510 | +6.5% |
| Financial income | 75/76B | €37 | €11 | -€26 | -69.9% |
| Recurring financial income | 75 | €37 | €11 | -€26 | -69.9% |
| Financial charges | 65/66B | €14,464 | €3,733 | -€10,731 | -74.2% |
| Recurring financial charges | 65 | €14,464 | €3,733 | -€10,731 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €8,934 | €21,148 | +€12,214 | +136.7% |
| Income taxes | 67/77 | €215 | €9,003 | +€8,787 | +4079.4% |
| Profit (loss) for the period | 9904 | €8,719 | €12,146 | +€3,427 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,719 | €12,146 | +€3,427 | +39.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.