Polybolos: 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.
Polybolos
Largest movements
- Cash +€35,012
up €35,012 (+7957200.0%), from €0 to €35,012
mainly Net result for the year (+€34,254) and Other debts (+€31,214)
- Tangible fixed assets -€18,961
down €18,961 (-24.9%), from €76,140 to €57,179
of which Furniture and vehicles: -€16,862
- Receivables within one year +€7,582
up €7,582 (+10.0%), from €76,092 to €83,674
of which Trade receivables: +€8,717
- Other debts +€31,214
new in 2025: €31,214
- Debts after one year -€22,679
down €22,679 (-43.8%), from €51,813 to €29,134
- Tax, wage and social debts +€17,077
up €17,077 (+715.2%), from €2,388 to €19,465
- Trade debts -€3,383
down €3,383 (-42.8%), from €7,897 to €4,514
- Reserves +€3,040
up €3,040 (+6.3%), from €48,570 to €51,610
- Gross operating margin +€21,863
up €21,863 (+39.9%), from €54,789 to €76,653
- Other operating charges +€4,479
up €4,479 (+183.6%), from €2,439 to €6,918
- Taxes +€3,125
up €3,125 (+31.6%), from €9,888 to €13,013
- Depreciation -€2,669
down €2,669 (-12.3%), from €21,630 to €18,961
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 | €158,042 | €181,008 | +€22,966 | +14.5% |
| Fixed assets | 21/28 | €76,140 | €57,179 | -€18,961 | -24.9% |
| Tangible fixed assets | 22/27 | €76,140 | €57,179 | -€18,961 | -24.9% |
| Land and buildings | 22 | €28,689 | €27,350 | -€1,340 | -4.7% |
| Furniture and vehicles | 24 | €44,769 | €27,907 | -€16,862 | -37.7% |
| Other tangible fixed assets | 26 | €2,682 | €1,923 | -€759 | -28.3% |
| Current assets | 29/58 | €81,902 | €123,828 | +€41,926 | +51.2% |
| Amounts receivable within one year | 40/41 | €76,092 | €83,674 | +€7,582 | +10.0% |
| Trade receivables | 40 | €0 | €8,717 | +€8,717 | |
| Other amounts receivable | 41 | €76,092 | €74,958 | -€1,134 | -1.5% |
| Cash at bank and in hand | 54/58 | €0 | €35,012 | +€35,012 | +7957200.0% |
| Deferred charges and accrued income | 490/1 | €5,810 | €5,142 | -€668 | -11.5% |
| Total equity and liabilities | 10/49 | €158,042 | €181,008 | +€22,966 | +14.5% |
| Equity | 10/15 | €67,170 | €70,210 | +€3,040 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,570 | €51,610 | +€3,040 | +6.3% |
| Distributable reserves | 133 | €48,570 | €51,610 | +€3,040 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,872 | €110,798 | +€19,926 | +21.9% |
| Amounts payable after more than one year | 17 | €51,813 | €29,134 | -€22,679 | -43.8% |
| Financial debts | 170/4 | €51,813 | €29,134 | -€22,679 | -43.8% |
| Amounts payable within one year | 42/48 | €39,059 | €81,664 | +€42,605 | +109.1% |
| Current portion of amounts payable after more than one year | 42 | €21,955 | €22,679 | +€724 | +3.3% |
| Financial debts | 43 | €6,819 | €3,792 | -€3,027 | -44.4% |
| Credit institutions | 430/8 | €6,819 | €3,792 | -€3,027 | -44.4% |
| Trade debts | 44 | €7,897 | €4,514 | -€3,383 | -42.8% |
| Suppliers | 440/4 | €7,897 | €4,514 | -€3,383 | -42.8% |
| Taxes, remuneration and social security | 45 | €2,388 | €19,465 | +€17,077 | +715.2% |
| Taxes | 450/3 | €2,388 | €19,465 | +€17,077 | +715.2% |
| Other amounts payable | 47/48 | - | €31,214 | +€31,214 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,630 | €18,961 | -€2,669 | -12.3% |
| Other operating charges | 640/8 | €2,439 | €6,918 | +€4,479 | +183.6% |
| Gross operating margin | 9900 | €54,789 | €76,653 | +€21,863 | +39.9% |
| Operating profit (loss) | 9901 | €30,720 | €50,774 | +€20,054 | +65.3% |
| Financial income | 75/76B | €0 | €60 | +€60 | +604600.0% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +604600.0% |
| Financial charges | 65/66B | €3,476 | €3,568 | +€92 | +2.6% |
| Recurring financial charges | 65 | €3,476 | €3,568 | +€92 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €27,244 | €47,267 | +€20,023 | +73.5% |
| Income taxes | 67/77 | €9,888 | €13,013 | +€3,125 | +31.6% |
| Profit (loss) for the period | 9904 | €17,356 | €34,254 | +€16,898 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,356 | €34,254 | +€16,898 | +97.4% |
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 8 October 2026 via checked.be.