POLYATEC: 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.
POLYATEC
Largest movements
- Receivables within one year +€109,703
up €109,703 (+25.8%), from €424,966 to €534,669
of which Trade receivables: +€56,879
- Profit (loss) carried forward +€98,198
up €98,198 (+47.3%), from €207,505 to €305,703
- Trade debts +€18,297
new in 2025: €18,297
- Gross operating margin +€91,103
up €91,103 (+42.7%), from €213,576 to €304,679
- Taxes +€18,562
up €18,562 (+126%), from €14,771 to €33,333
- Staff costs +€9,228
up €9,228 (+5.9%), from €155,628 to €164,855
- Depreciation -€7,066
down €7,066 (-74.7%), from €9,454 to €2,388
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 | €473,465 | €590,128 | +€116,663 | +24.6% |
| Fixed assets | 21/28 | €20,383 | €24,783 | +€4,399 | +21.6% |
| Intangible fixed assets | 21 | €693 | €479 | -€214 | -30.8% |
| Tangible fixed assets | 22/27 | €15,291 | €19,903 | +€4,613 | +30.2% |
| Land and buildings | 22 | €540 | €364 | -€176 | -32.6% |
| Plant, machinery and equipment | 23 | €7,836 | €10,428 | +€2,592 | +33.1% |
| Furniture and vehicles | 24 | €2,731 | €4,928 | +€2,197 | +80.4% |
| Other tangible fixed assets | 26 | €4,184 | €4,184 | = | 0.0% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €453,081 | €565,345 | +€112,264 | +24.8% |
| Stocks and contracts in progress | 3 | €10,238 | €10,238 | = | 0.0% |
| Stocks | 30/36 | €10,238 | €10,238 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €424,966 | €534,669 | +€109,703 | +25.8% |
| Trade receivables | 40 | €82,046 | €138,925 | +€56,879 | +69.3% |
| Other amounts receivable | 41 | €342,920 | €395,744 | +€52,825 | +15.4% |
| Cash at bank and in hand | 54/58 | €17,878 | €19,296 | +€1,419 | +7.9% |
| Deferred charges and accrued income | 490/1 | - | €1,142 | +€1,142 | |
| Total equity and liabilities | 10/49 | €473,465 | €590,128 | +€116,663 | +24.6% |
| Equity | 10/15 | €209,505 | €307,703 | +€98,198 | +46.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,505 | €305,703 | +€98,198 | +47.3% |
| Amounts payable | 17/49 | €263,960 | €282,425 | +€18,465 | +7.0% |
| Amounts payable within one year | 42/48 | €263,960 | €282,425 | +€18,465 | +7.0% |
| Trade debts | 44 | - | €18,297 | +€18,297 | |
| Suppliers | 440/4 | - | €18,297 | +€18,297 | |
| Taxes, remuneration and social security | 45 | €263,960 | €264,129 | +€169 | +0.1% |
| Taxes | 450/3 | €225,178 | €174,364 | -€50,814 | -22.6% |
| Remuneration and social security | 454/9 | €38,782 | €89,765 | +€50,983 | +131% |
| Remuneration, social security and pensions | 62 | €155,628 | €164,855 | +€9,228 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,454 | €2,388 | -€7,066 | -74.7% |
| Other operating charges | 640/8 | €2,269 | €4,072 | +€1,803 | +79.5% |
| Gross operating margin | 9900 | €213,576 | €304,679 | +€91,103 | +42.7% |
| Operating profit (loss) | 9901 | €46,226 | €133,364 | +€87,138 | +189% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €394 | €1,850 | +€1,456 | +370% |
| Recurring financial charges | 65 | €394 | €1,850 | +€1,456 | +370% |
| Profit (loss) for the period before taxes | 9903 | €45,832 | €131,531 | +€85,700 | +187% |
| Income taxes | 67/77 | €14,771 | €33,333 | +€18,562 | +126% |
| Profit (loss) for the period | 9904 | €31,060 | €98,198 | +€67,138 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €31,060 | €98,198 | +€67,138 | +216% |
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 26 October 2026 via checked.be.