Polybotes: 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.
Polybotes
Largest movements
- Tangible fixed assets -€185,068
down €185,068 (-8.8%), from €2.1m to €1.9m
- Cash -€145,899
down €145,899 (-80.4%), from €181,537 to €35,638
mainly Debts after one year (-€245,700) and Net result for the year (-€64,428)
- Debts after one year -€245,700
down €245,700 (-18.3%), from €1.3m to €1.1m
- Profit (loss) carried forward -€64,428
down €64,428 (-19.2%), from €335,896 to €271,468
- Tax, wage and social debts -€51,526
down €51,526 (-65.4%), from €78,774 to €27,248
- Provisions +€26,000
new in 2025: €26,000
- Gross operating margin -€237,896
down €237,896 (-54.6%), from €435,720 to €197,824
- Taxes -€51,878
no longer reported in 2025 (was €51,878)
- Provisions +€26,000
new in 2025: €26,000
- Financial charges -€8,119
down €8,119 (-14.0%), from €57,966 to €49,847
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 | €2,292,095 | €1,961,706 | -€330,389 | -14.4% |
| Formation expenses | 20 | €254 | - | -€254 | |
| Fixed assets | 21/28 | €2,103,410 | €1,918,342 | -€185,068 | -8.8% |
| Tangible fixed assets | 22/27 | €2,103,410 | €1,918,342 | -€185,068 | -8.8% |
| Furniture and vehicles | 24 | €2,103,410 | €1,918,342 | -€185,068 | -8.8% |
| Current assets | 29/58 | €188,431 | €43,364 | -€145,067 | -77.0% |
| Amounts receivable within one year | 40/41 | €1,511 | €1,510 | -€1 | -0.1% |
| Trade receivables | 40 | €1,103 | €1,102 | -€1 | -0.1% |
| Other amounts receivable | 41 | €408 | €408 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €181,537 | €35,638 | -€145,899 | -80.4% |
| Deferred charges and accrued income | 490/1 | €5,383 | €6,216 | +€833 | +15.5% |
| Total equity and liabilities | 10/49 | €2,292,095 | €1,961,706 | -€330,389 | -14.4% |
| Equity | 10/15 | €585,896 | €521,468 | -€64,428 | -11.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,896 | €271,468 | -€64,428 | -19.2% |
| Provisions and deferred taxes | 16 | - | €26,000 | +€26,000 | |
| Provisions for liabilities and charges | 160/5 | - | €26,000 | +€26,000 | |
| Major repairs and maintenance | 162 | - | €26,000 | +€26,000 | |
| Amounts payable | 17/49 | €1,706,199 | €1,414,238 | -€291,961 | -17.1% |
| Amounts payable after more than one year | 17 | €1,342,300 | €1,096,600 | -€245,700 | -18.3% |
| Financial debts | 170/4 | €1,342,300 | €1,096,600 | -€245,700 | -18.3% |
| Amounts payable within one year | 42/48 | €362,845 | €316,741 | -€46,104 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €245,700 | €245,700 | = | 0.0% |
| Trade debts | 44 | €38,371 | €43,793 | +€5,422 | +14.1% |
| Suppliers | 440/4 | €38,371 | €43,793 | +€5,422 | +14.1% |
| Taxes, remuneration and social security | 45 | €78,774 | €27,248 | -€51,526 | -65.4% |
| Taxes | 450/3 | €78,774 | €27,248 | -€51,526 | -65.4% |
| Accrued charges and deferred income | 492/3 | €1,054 | €897 | -€157 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,434 | €185,322 | -€112 | -0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €26,000 | +€26,000 | |
| Other operating charges | 640/8 | €2,046 | €1,296 | -€750 | -36.7% |
| Gross operating margin | 9900 | €435,720 | €197,824 | -€237,896 | -54.6% |
| Operating profit (loss) | 9901 | €248,240 | -€14,794 | -€263,034 | |
| Financial income | 75/76B | €100 | €213 | +€113 | +113.0% |
| Recurring financial income | 75 | €100 | €213 | +€113 | +113.0% |
| Non-recurring financial income | 76B | - | €213 | +€213 | |
| Financial charges | 65/66B | €57,966 | €49,847 | -€8,119 | -14.0% |
| Recurring financial charges | 65 | €57,966 | €49,847 | -€8,119 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €190,374 | -€64,428 | -€254,802 | |
| Income taxes | 67/77 | €51,878 | - | -€51,878 | |
| Profit (loss) for the period | 9904 | €138,496 | -€64,428 | -€202,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,496 | -€64,428 | -€202,924 |
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 9 October 2026 via checked.be.