POLY - SYSTEMS: what changed
Two financial 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 - SYSTEMS
Largest movements
- Receivables within one year -€43,493
down €43,493 (-56.2%), from €77,323 to €33,830
of which Trade receivables: -€43,220
- Cash -€43,465
down €43,465 (-57.7%), from €75,283 to €31,818
mainly Trade debts (-€117,424) and Tax, wage and social debts (-€11,826)
- Deferred charges and accrued income -€28,190
down €28,190 (-83.6%), from €33,711 to €5,521
- Stocks and contracts -€12,527
down €12,527 (-22.5%), from €55,747 to €43,220
of which Contracts in progress: -€14,630
- Trade debts -€117,424
down €117,424 (-57.6%), from €203,808 to €86,384
- Tax, wage and social debts -€11,826
down €11,826 (-51.5%), from €22,980 to €11,154
of which Remuneration and social security: -€6,340
- Profit (loss) carried forward +€9,216
up €9,216 (+22.9%), from -€40,313 to -€31,097
- Other debts -€7,106
down €7,106 (-97.8%), from €7,269 to €163
- Gross operating margin +€16,147
up €16,147 (+17.3%), from €93,085 to €109,233
- Staff costs +€9,898
up €9,898 (+12.8%), from €77,088 to €86,986
- Other operating charges +€7,824
up €7,824 (+821%), from €953 to €8,777
- Taxes +€1,578
new in 2025: €1,578
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.
Derived cash bridge
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 | €242,865 | €115,788 | -€127,077 | -52.3% |
| Fixed assets | 21/28 | €800 | €1,399 | +€599 | +74.8% |
| Tangible fixed assets | 22/27 | €800 | €1,399 | +€599 | +74.8% |
| Plant, machinery and equipment | 23 | - | €1,399 | +€1,399 | |
| Furniture and vehicles | 24 | €800 | €0 | -€800 | -100% |
| Current assets | 29/58 | €242,064 | €114,389 | -€127,675 | -52.7% |
| Stocks and contracts in progress | 3 | €55,747 | €43,220 | -€12,527 | -22.5% |
| Stocks | 30/36 | €22,747 | €24,850 | +€2,103 | +9.2% |
| Contracts in progress | 37 | €33,000 | €18,370 | -€14,630 | -44.3% |
| Amounts receivable within one year | 40/41 | €77,323 | €33,830 | -€43,493 | -56.2% |
| Trade receivables | 40 | €77,040 | €33,820 | -€43,220 | -56.1% |
| Other amounts receivable | 41 | €283 | €10 | -€273 | -96.5% |
| Cash at bank and in hand | 54/58 | €75,283 | €31,818 | -€43,465 | -57.7% |
| Deferred charges and accrued income | 490/1 | €33,711 | €5,521 | -€28,190 | -83.6% |
| Total equity and liabilities | 10/49 | €242,865 | €115,788 | -€127,077 | -52.3% |
| Equity | 10/15 | €7,108 | €16,324 | +€9,216 | +130% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,821 | €28,821 | = | 0.0% |
| Distributable reserves | 133 | €28,821 | €28,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,313 | -€31,097 | +€9,216 | +22.9% |
| Amounts payable | 17/49 | €235,757 | €99,464 | -€136,293 | -57.8% |
| Amounts payable within one year | 42/48 | €234,057 | €97,701 | -€136,355 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €203,808 | €86,384 | -€117,424 | -57.6% |
| Suppliers | 440/4 | €203,808 | €86,384 | -€117,424 | -57.6% |
| Taxes, remuneration and social security | 45 | €22,980 | €11,154 | -€11,826 | -51.5% |
| Taxes | 450/3 | €9,164 | €3,677 | -€5,486 | -59.9% |
| Remuneration and social security | 454/9 | €13,816 | €7,477 | -€6,340 | -45.9% |
| Other amounts payable | 47/48 | €7,269 | €163 | -€7,106 | -97.8% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,763 | +€63 | +3.7% |
| Remuneration, social security and pensions | 62 | €77,088 | €86,986 | +€9,898 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €946 | -€775 | -45.0% |
| Other operating charges | 640/8 | €953 | €8,777 | +€7,824 | +821% |
| Non-recurring operating charges | 66A | €8,540 | €0 | -€8,540 | -100% |
| Gross operating margin | 9900 | €93,085 | €109,233 | +€16,147 | +17.3% |
| Operating profit (loss) | 9901 | €4,783 | €12,523 | +€7,740 | +162% |
| Financial income | 75/76B | €21 | €42 | +€21 | +101% |
| Recurring financial income | 75 | €21 | €42 | +€21 | +101% |
| Financial charges | 65/66B | €860 | €1,771 | +€910 | +106% |
| Recurring financial charges | 65 | €860 | €1,771 | +€910 | +106% |
| Profit (loss) for the period before taxes | 9903 | €3,943 | €10,794 | +€6,851 | +174% |
| Income taxes | 67/77 | - | €1,578 | +€1,578 | |
| Profit (loss) for the period | 9904 | €3,943 | €9,216 | +€5,273 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €3,943 | €9,216 | +€5,273 | +134% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.